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FedEx rises, analyst softens tone after downgrade

May 26, 2009 8:42 am | by The Associated Press | News | Comments

NEW YORK (AP) — Shares of FedEx Corp. rose Tuesday as a Stifel Nicolaus analyst who recently downgraded the stock gave a more upbeat outlook for the freight shipper, which has been hurt as recession undermines demand for shipping.Analyst David Ross said he visited a FedEx express hub and a ground...

Davenport announces bid for Ark. land commissioner, AR

May 26, 2009 8:42 am | by The Associated Press | News | Comments

LITTLE ROCK, Ark. (AP) — State Rep. Monty Davenport says he'll run for state land commissioner in the 2010 election.Davenport, a Democrat from Yellville, on Tuesday announced his bid for the post. Davenport so far is the only candidate to have announced for the office. State Land Commissioner Mark...

Food marketers spent nearly $1.1M lobbying in 1Q, NH

May 26, 2009 8:42 am | by The Associated Press | News | Comments

WASHINGTON (AP) — The Food Marketing Institute, whose members include Safeway Inc. and Kroger Co., spent nearly $1.1 million in the first quarter to lobby on food safety, retail crime and other issues, according to a recent disclosure report.The trade group for food retailers and wholesalers also...

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Coalition: Chevron Falls Short On Disclosure Obligations Relating to $27 Billion Ecuador Liability, Says RiskMetrics International News Desks/Energy Editors/Environment Writers

May 26, 2009 8:42 am | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 26, 2009-- In another setback to Chevron management, a leading investment advisory group is urging the oil giant to disclose more details of a potential $27 billion environmental liability in Ecuador just before what is expected to be a major showdown on the issue...

Benton City poultry growers join community farms, 1st Ld-Writethru, WA

May 26, 2009 8:42 am | by INGRID STEGEMOELLERAssociated Press | News | Comments

BENTON CITY, Wash. (AP) — Neighbors and friends shared breakfast on a recent sunny Saturday at a Benton City farm in preparation for their weekend task of slaughtering 300 free-range chickens.Greene Hills Farm owners Jamie Calley and Stephanie Greene had raised the chickens on a rotation of pasture...

BW)(NY-MURRAY-FRANK- & -SAILER)(UNCLQ.NQB) Murray, Frank & Sailer LLP Reminds Investors of June 19, 2009 Lead Plaintiff Deadline in Securities Class Action Lawsuit Against Certain Of...

May 26, 2009 8:41 am | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 26, 2009-- Murray, Frank & Sailer LLP reminds current and former shareholders of MRU Holdings, Inc. ("MRU" or the "Company") (OTC:UNCLQ; formerly NASDAQ:UNCL) who suffered losses from investment in MRU securities during the period between July 9, 2007 and September...

Morgan Stanley trader fined, banned, EU

May 26, 2009 8:41 am | by The Associated Press | News | Comments

LONDON (AP) — Britain's financial services regulator fined and banned a Morgan Stanley trader on Tuesday for putting customers at a disadvantage by pre-hedging trades without their consent — the third sanction linked to the bank in the last two weeks.The Financial Services Authority said senior...

Beer Institute spent $170K lobbying gov't in 1Q, APFN

May 26, 2009 8:41 am | by The Associated Press | News | Comments

WASHINGTON (AP) — The Beer Institute spent $170,000 in the first quarter to lobby on advertising, labeling and other issues, according to a recent disclosure report.The trade group — whose members include Anheuser-Busch InBev, Heineken USA Inc. and MillerCoors — also lobbied on regulatory matters...

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Earnings Preview: Weak PC sales hurt Dell's 1Q

May 26, 2009 8:40 am | by JESSICA MINTZ - AP Technology Writer - Associated Press | News | Comments

SEATTLE (AP) — Computer maker Dell Inc. is scheduled to report its fiscal first-quarter results after the market closes Thursday. The following is a summary of key developments and analyst opinion about the period.OVERVIEW: PC shipments sank about 7 percent worldwide in the first three months of...

US high court to decide on allowing Vioxx suits, 2nd Ld-Writethru, US

May 26, 2009 8:40 am | by LINDA A. JOHNSON - AP Business Writer - Associated Press | News | Comments

The U.S. Supreme Court will decide whether shareholders can sue Merck & Co. over whether the drugmaker properly warned about the risks of its former blockbuster painkiller Vioxx before it was pulled from the market.The case could have implications for many securities lawsuits by examining the legal...

US high court to decide on allowing Vioxx suits, 1st Ld-Writethru, US

May 26, 2009 8:35 am | by LINDA A. JOHNSON - AP Business Writer - Associated Press | News | Comments

The U.S. Supreme Court will decide whether shareholders can sue Merck & Co. over whether the drugmaker provided adequate information about the risks of its former blockbuster painkiller Vioxx before it was pulled from the market.The high court agreed Tuesday to review Merck's challenge to a federal...

Facebook's $200M investment values co. at $10B

May 26, 2009 8:34 am | by BARBARA ORTUTAY - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — Facebook is getting a $200 million investment from a Russian Internet investor that values the social networking company at $10 billion even though it has yet to turn a profit.The investment gives Digital Sky Technologies a nearly 2 percent stake in Palo Alto, California-based...

Wine, spirits group spent $300K to lobby in 1Q, APFN

May 26, 2009 8:34 am | by The Associated Press | News | Comments

WASHINGTON (AP) — The Wine and Spirits Wholesalers of America spent $300,000 in the first quarter lobbying the federal government on food safety and labor issues, according to a recent disclosure report.The national trade organization, whose members distribute wine and spirits sold in the U.S.,...

Reaction to Obama's Supreme Court pick Sotomayor, 7th Ld-Writethru, US

May 26, 2009 8:34 am | by The Associated Press | News | Comments

Reaction from Congress and various outside groups to President Barack Obama's nomination of federal appeals judge Sonia Sotomayor to the Supreme Court:___"As majority leader, I will do all I can to ensure Judge Sonia Sotomayor receives a fair and respectful hearing and the Senate's quick...

New veterans cemetery next year at Medical Lake, WA

May 26, 2009 8:34 am | by The Associated Press | News | Comments

MEDICAL LAKE, Wash. (AP) — Next Memorial Day, officials plan to open the Eastern Washington State Veterans Cemetery near Medical Lake.Congresswoman Cathy McMorris Rodgers and officials from the military and state Department of Veterans Affairs broke ground Monday on the $10 million, 80-acre...

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