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Invesco prices stock offering at $14 per share, APFN

May 20, 2009 5:44 am | by The Associated Press | News | Comments

ATLANTA (AP) — Investment management company Invesco Ltd. said Wednesday it had priced a stock offering at $14 per share.The $400 million offering of 28.6 million shares is expected to close on or about May 26.Invesco said proceeds from the share sale could be used for general expenses, new...

Mont. PSC OKs new NorthWestern Energy gas plant, APFN

May 20, 2009 5:44 am | by MATT GOURAS - Associated Press Writer - Associated Press | News | Comments

HELENA, Mont. (AP) — The Montana Public Service Commission on Tuesday gave final approval for NorthWestern Energy's plan to build a new natural gas-fired power plant near Anaconda.The new plant is part of a plan to give the state's largest utility the capacity to generate some of its own power.The...

Stocks jump in early going as BofA raises capital, 4th Ld, APFN

May 20, 2009 5:44 am | by TIM PARADIS - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Wall Street is seeing some of its worries about banks ease now that Bank of America Corp. was able to raise billions of dollars in capital.The bank said late Tuesday that in less than two weeks it had raised $13.47 billion through the sale of 1.25 billion shares. That helped put the...

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Kankakee, Ill. newspaper charging online readers, APFN

May 20, 2009 5:44 am | by The Associated Press | News | Comments

KANKAKEE, Ill. (AP) — The Daily Journal newspaper of Kankakee has started charging readers to view content online.Managing Editor Susy Schultz says the north-central Illinois newspaper offers a PDF of each issue online to subscribers. The PDF is available for free to subscribers of the print...

Metropolitan Mortgage Initiates Transaction to Become Mortgage Lender Business Editors

May 20, 2009 5:44 am | by The Associated Press | News | Comments

CHARLOTTE, N.C.-- (BUSINESS WIRE) — May 20, 2009--1st Metropolitan Mortgage, a national mortgage broker, has, subject to regulatory approval, become a subsidiary of Mirad Financial Group, which is a wholly-owned subsidiary of Hestia Financial. Regulatory approval is expected to take 60 to 120...

Critics: Ireland slow to protect its children, 4th Ld-Writethru, EU

May 20, 2009 5:44 am | by SHAWN POGATCHNIK - Associated Press Writer - Associated Press | News | Comments

DUBLIN (AP) — Child-abuse activists have warned that Ireland failed to learn the lessons from decades of unchecked brutality inside Catholic Church-run schools and still offers poor protection to vulnerable boys and girls.This week's mammoth report into the abuse of thousands of children in...

Investigators focus on train derailment, ID

May 20, 2009 5:44 am | by The Associated Press | News | Comments

MINIDOKA, Idaho (AP) — Investigators are still trying to figure out what caused 10 railroad cars to derail and tumble down an embankment near Minidoka.No one was injured in Monday's accident that occurred near the end of a railroad interchange.The rail cars are operated by Watco Companies Inc., the...

Geithner: Major banks have raised $48 billion, 5th Ld, US

May 20, 2009 5:44 am | by The Associated Press | News | Comments

WASHINGTON (AP) — Treasury Secretary Timothy Geithner says banks identified in stress tests as having capital shortfalls have raised $48 billion of the $75 billion that the government said they needed to get through an adverse turn in the economy.Geithner told the Senate Banking Committee in...

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HL:Sears Canada Q1 revenue drops 10.1 per cent, profit falls to $10.3M@

May 20, 2009 5:44 am | by The Associated Press | News | Comments

TORONTO — Sears Canada Inc. (TSX: SCC) first-quarter profit was 85 per cent lower than last year as the department store operator spent more on severance and saw revenue fall by 10.9 per cent.Net income for the 13 weeks ended May 2, 2009, was $10.3 million or 10 cents per share. Excluding the...

Spoon Consulting Publishes White Paper: Pharmaceutical Industry Strategy for a Global Economic System Business Editors

May 20, 2009 5:43 am | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 20, 2009-- Blue Spoon Consulting Group, LLC, today published a white paper that provides context for the pharmaceutical industry to reorient itself strategically. As momentum grows for performance-based contracting and bulk buying pools, drug companies will need new...

BofA CEO Lewis: Industry consolidating, but not us

May 20, 2009 5:38 am | by IEVA M. AUGSTUMS - AP Business Writer - Associated Press | News | Comments

CHARLOTTE, N.C. (AP) — Bank of America Corp.'s chief executive Ken Lewis expects consolidation in the banking industry to pick up as the economy stabilizes, but says his bank won't be participating.Lewis said in prepared remarks at a conference Wednesday in London that the Charlotte, N.C.-based...

Crowd awaits as Vick travels toward Virginia home, FBN

May 20, 2009 5:38 am | by HANK KURZ Jr. - AP Sports Writer - Associated Press | News | Comments

HAMPTON, Va. (AP) — Michael Vick can still draw a crowd.The cul-de-sac in front of the suspended NFL star's five-bedroom home drew a steady stream of curious onlookers as news spread that he was heading back to town.Some conveniently jogged by, others biked and many simply drove in hoping to get a...

Theft Resolution Services Provided by Identity Theft 911 to First National Bank at Paris Customers Business Editors/Technology Editors

May 20, 2009 5:38 am | by The Associated Press | News | Comments

SCOTTSDALE, Ariz.-- (BUSINESS WIRE) — May 20, 2009--Identity Theft 911 (www.identitytheft911.com), America's leading identity theft resolution and education services provider, announced its partnership with First National Bank, Paris, Ark.As part of the partnership, account holders and their...

Ahead of the Bell: Talbots upgraded, APFN

May 20, 2009 5:38 am | by The Associated Press | News | Comments

NEW YORK (AP) — The "looming threat of bankruptcy" at Talbots Inc. is lower, and the company's challenges are already reflected in the stock price, an analyst said Wednesday, upgrading shares of the apparel retailer.Talbots shares jumped 14.4 percent, or 38 cents, to $3.02 in premarket trading.FBR...

Ohio egg producer to pay $300K in clean water case, OH

May 20, 2009 5:38 am | by The Associated Press | News | Comments

MARSEILLES, Ohio (AP) — The government says Ohio's largest egg producer will pay $300,000 for illegal water pollution from a major egg farm in north-central Ohio.The U.S. Environmental Protection Agency says Ohio Fresh Eggs LLC pleaded guilty this week to clean water violations at its operation in...

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