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Raytheon gets $259.9 million Phalanx contract, APFN

May 19, 2009 6:55 am | by The Associated Press | News | Comments

LOUISVILLE, Ky. (AP) — Defense contractor Raytheon Co. said on Tuesday that the U.S. Navy has awarded it a $259.9 million contract to overhaul and upgrade 57 Phalanx weapon systems along with equipment, spares, and technical support.The agreement is for 40 sea-based Phalanx systems and 17 Centurion...

HL:Business staffing plans for Tuesday, May 19@

May 19, 2009 6:55 am | by The Associated Press | News | Comments

BUSINESS EDITORS:@ Here are CP Business staffing plans as of 4 p.m. ET. Plans may change as circumstances warrant.Queries should be addressed to David Paddon or Craig Wong on the business desk at 416-507-2138. To contact CP Business by email, send messages to...

Tiomin Reminds Shareholders to Vote Their Blue Proxy

May 19, 2009 6:55 am | by The Associated Press | News | Comments

Tiomin Resources Inc. ("Tiomin" or the "Company")(TSX: TIO) reminded shareholders today to vote their BLUE form of proxy in advance of the Company's Annual Meeting of Shareholders to be held on May 26, 2009.On the agenda for the meeting is the re-election of the current slate of directors as well...

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Tennessee Editorial Roundup, TN

May 19, 2009 6:50 am | by The Associated Press | News | Comments

The following is a roundup of recent editorials from Tennessee members of The Associated Press. In some cases, the editorials have been edited for length. They do not reflect an editorial position of the AP but represent the opinions of the newspapers from which they are taken.Bristol...

UK Commons speaker steps down over expense scandal, 5th Ld-Writethru, EU

May 19, 2009 6:50 am | by JENNIFER QUINN - Associated Press Writer - Associated Press | News | Comments

LONDON (AP) — The powerful speaker of the British House of Commons resigned Tuesday because of a backlash over excessive expense claims by lawmakers, marking the first time in three centuries a speaker has been forced out.Though Michael Martin has not been caught up in recent revelations about...

Montgomery Co. halfway house praised as model, DC

May 19, 2009 6:50 am | by The Associated Press | News | Comments

ROCKVILLE, Md. (AP) — A new report says a Montgomery County halfway house could serve as a national model for other prisoner re-entry programs.A study being released Tuesday by the Manhattan Institute, a conservative think tank, says the county's Pre-Release Center forces inmates to find employment...

Magic-Celtics Game 7 sets cable viewership record, APFN

May 19, 2009 6:50 am | by The Associated Press | News | Comments

ATLANTA (AP) — Game 7 of the Magic-Celtics series is the most-viewed NBA second-round playoff game ever on cable.TNT says Orlando's 101-82 win Sunday was watched by 8.41 million viewers. The previous record was 7.65 million for Game 6 of Spurs-Lakers in 2004.___TNT is a unit of Time Warner Inc.

5TH LD: Japan new flu infections near 200, onboard checks to be phased out+

May 19, 2009 6:49 am | by The Associated Press | News | Comments

TOKYO, May 19 (Kyodo) — (EDS: UPDATING FIGURE IN 3RD GRAF)The government plans to phase out onboard quarantine inspections at airports to detect infections of the new strain of influenza to focus on measures to prevent the domestic spread of the new flu as the number of cases in Japan approached...

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Ex-US envoy says he's not looking for Afghan post, US

May 19, 2009 6:49 am | by EDITH M. LEDERER - Associated Press Writer - Associated Press | News | Comments

UNITED NATIONS (AP) — A former U.S. ambassador to the United Nations and Afghanistan says he is not looking for a post in the Afghan government.Zalmay Khalilzad said Tuesday night that he saw Afghan President Hamid Karzai, whom he has known for more than 25 years, several times during his recent...

La. Senate panel opens hearings on $27.9B budget, APFN

May 19, 2009 6:43 am | by MELINDA DESLATTE - Associated Press Writer - Associated Press | News | Comments

BATON ROUGE, La. (AP) — Louisiana senators questioned House-backed plans to strip pay raises from government employees and cut more than 3,400 government jobs, as the Senate's budget-crafting committee opened its hearings on next year's $27.9 billion budget proposal.Members of the Senate Finance...

Unveil the New W Barcelona Showcasing Soaring Architecture and Iconic Design by World-Renowned Architect Ricardo Bofill Business Editors

May 19, 2009 6:43 am | by The Associated Press | News | Comments

BARCELONA, Spain-- (BUSINESS WIRE) — May 19, 2009-- W Hotels Worldwide, the hotel category buster and industry innovator, will mark its debut in Western Europe later this year with the opening of the new W Barcelona. An avant-garde icon of stunning architecture rising high above the Mediterranean...

Marshall & Ilsley plans stock offering, 1st Ld-Writethru, WI

May 19, 2009 6:43 am | by The Associated Press | News | Comments

MILWAUKEE (AP) — Milwaukee-based Marshall & Ilsley Corp. says it will sell up to $350 million of its common stock and use the money for general corporate purposes.The bank said Tuesday it also may use some of the proceeds to repay part of the government's $1.7 billion investment in the bank.The...

LA City Council approves $7 billion budget, APFN

May 19, 2009 6:42 am | by The Associated Press | News | Comments

LOS ANGELES (AP) — The Los Angeles City Council has approved a $7 billion budget that includes funding to maintain the current size of the Los Angeles Police Department.The spending plan was unanimously approved Monday.The council also voted 14-1 to give the LAPD the money to replace up to 480...

Correction: Chrysler-Bankruptcy story

May 19, 2009 6:42 am | by The Associated Press | News | Comments

NEW YORK (AP) — In May 14 stories about Chrysler LLC's bankruptcy case, The Associated Press incorrectly spelled the surname of a U.S. judge hearing the case. His name is Arthur Gonzalez, not Gonzales.

Allstate turns down government bailout, 2nd Ld-Writethru, US

May 19, 2009 6:42 am | by IEVA M. AUGSTUMS - AP Business Writer - Associated Press | News | Comments

CHARLOTTE, N.C. (AP) — Allstate Corp. became the second insurer Tuesday to turn down a bailout from the Treasury Department after being approved for government funding .The property and casualty insurer said it has strong capital and liquidity positions.The Northbrook, Ill.-based company was among...

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