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HL:Sino-Forest expands bought deal financing to 30 million common shares to raise $330 million@

May 22, 2009 5:54 am | by The Associated Press | News | Comments

TORONTO — Toronto-based forestry company Sino-Forest Corp. (TSX:TRE), which runs tree plantations in China, says a syndicate of underwriters has agreed to expand a bought deal financing and will buy 30 million common shares of the company for $330 million.

Michigan defense supplier Demmer lays off 125, MI

May 22, 2009 5:53 am | by The Associated Press | News | Comments

LANSING, Mich. (AP) — Lansing-based Demmer Corp. has announced it's laying off about 125 employees because of a delay in securing military manufacturing work.The Lansing State Journal reports Thursday the defense, aerospace and automotive supplier is awaiting a contract that has been pushed back...

With Liddy leaving, AIG revamp reaches new phase

May 22, 2009 5:53 am | by STEPHEN BERNARD - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — After creating a plan to radically alter American International Group Inc.'s operations to help repay billions in government loans, chairman and chief executive Edward Liddy is leaving his vision for the insurer in the hands of a whole new set of managers.On Thursday, Liddy said he...


VIZIO Files TV Patent Infringement Lawsuit

May 22, 2009 5:50 am | News | Comments

Irvine, CA – VIZIO announces that it has filed a patent infringement lawsuit in the United States District Court for the Eastern District of Virginia against Funai Electric Company, Ltd., a Japanese distributor of digital televisions and related components and

HL:Ontario Power Generation confirms Niagara tunnel cost surge to $1.6B@, 2ndWritethru

May 22, 2009 5:48 am | by The Associated Press | News | Comments

TORONTO — Ontario Power Generation Inc. has confirmed that the anticipated cost of its massive tunnel project to boost hydroelectricity output at Niagara Falls's Adam Beck generating station has ballooned to $1.6 billion from $985 million.In a financial report Friday, OPG also pushed back the...

UK Honda workers endorse pay cut to protect jobs, EU

May 22, 2009 5:48 am | by The Associated Press | News | Comments

LONDON (AP) — Workers at Honda's U.K. factory have voted for a temporary pay cut to protect 490 jobs, their union said Friday.Autoworkers are due to return to duty at the Honda plant in Swindon, southern England, on June 1 following a four-month layoff intended to work off the company's inventory...

GeoMet to Present at Energy Capital Investment Symposium

May 22, 2009 5:48 am | by The Associated Press | News | Comments () —GeoMet, Inc. (NASDAQ: GMET) announced today that it will be presenting at the Energy Capital Investment Symposium on Wednesday, June 3, 2009 at 2:10 p.m. Central Time.The presentation, made by Chairman, President and Chief Executive Officer Darby Sere and Executive Vice...

Maine fined for false data, ME

May 22, 2009 5:48 am | by The Associated Press | News | Comments

AUGUSTA, Maine (AP) — The U.S. Justice Department says Maine's Education Department has agreed to pay $1.5 million to settle allegations that it submitted false information to receive federal funds under the Migrant Education Program.The Justice Department announced the settlement Thursday.The...


Stocks lose grip on early gains, Dow off 15, 16th Ld-Writethru, APFN

May 22, 2009 5:47 am | by SARA LEPRO - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Wall Street's confidence took some heavy blows this week.Despite a strong rally on Monday, stocks drifted lower for much of the week on a darkening economic outlook. In a now-familiar pattern, early gains were erased in the last hour of trading Friday as the market lost its will to...

NASDAQ Changes Trading Halt Status of BankUnited Financial Corp.

May 22, 2009 5:47 am | by GLOBE NEWSWIREAssociated Press | News | Comments

NEW YORK, May 22, 2009 (GLOBE NEWSWIRE) — The NASDAQ Stock Market(r) (Nasdaq:NDAQ) announced today that the trading halt status in BankUnited Financial Corp. (Nasdaq:BKUNA) was changed to "additional information requested" from the company. Trading in the company's stock had been halted on...

Bank of the West cuts 12 Fargo jobs, ND

May 22, 2009 5:47 am | by The Associated Press | News | Comments

FARGO, N.D. (AP) — A spokesman for Bank of the West says the company has cut 12 jobs in Fargo.Spokesman Bob Wolff says the cuts are part of a companywide reduction of less than 4 percent of its work force. He says Bank of the West has about 10,500 workers.Bank of the West is based in San Francisco....

Oneida land trust settlement appears doomed, 2nd Ld-Writethru, NY

May 22, 2009 5:42 am | by WILLIAM KATES - Associated Press Writer - Associated Press | News | Comments

SYRACUSE, N.Y. (AP) — The decision by Oneida County lawmakers to oppose settling a decades-old land dispute with the Oneida Indian Nation for $55 million is a "lost opportunity," the official who helped negotiate the deal said Friday.The county's 15 Republican lawmakers issued a statement Thursday...

LEAD: Myanmar court accepts charge against Suu Kyi+

May 22, 2009 5:41 am | by The Associated Press | News | Comments

YANGON, May 22 (Kyodo) — (EDS: ADDING DETAILS)The special court trying pro-democracy icon Aung San Suu Kyi on Friday accepted the charge against her, increasing the likelihood of her being convicted, according to her lawyer.Following five days of hearing the testimony of prosecution witnesses, the...

Gazprom Neft looks to boost stake in Sibir Energy, EU

May 22, 2009 5:41 am | by The Associated Press | News | Comments

MOSCOW (AP) — Russian oil company Gazprom Neft wants to increase to 30 percent its ownership in Sibir Energy, the London-listed oil venture in which it already owns a minority stake, the bank in charge of the deal said Friday.The acquisition could potentially pave the way for Gazprom Neft, Russia's...

Theft Resolution Services Provided by Identity Theft 911 to Heritage Banking Group Customers Business Editors

May 22, 2009 5:41 am | by The Associated Press | News | Comments

SCOTTSDALE, Ariz.-- (BUSINESS WIRE) — May 22, 2009--Identity Theft 911 (, America's leading identity theft resolution and education services provider, announced its partnership with Heritage Banking Group, Carthage, Miss.As part of the partnership, account holders and their...


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