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DC resident pleads guilty to $35M mortgage fraud, APFN

May 19, 2009 3:54 am | by The Associated Press | News | Comments

GREENBELT, Md. (AP) — A 10th person has pleaded guilty in a $35 million mortgage foreclosure rescue scam.Federal prosecutors say 34-year-old Ronald Chapman Jr. of Washington faces up to 30 years in prison and a $1 million fine for conspiracy to commit mail and wire fraud. He pleaded guilty on...

HL:Viterra to acquire Australia's ABB Grain for $1.4 billion@

May 19, 2009 3:54 am | by The Associated Press | News | Comments

CALGARY — Viterra Inc. (TSX:VT) said Tuesday its anticipated takeover of Australia's ABB Grain Ltd. is one step closer to completion.The Regina-based agribusiness conglomerate announced it had reached a deal to acquire ABB in a cash and stock deal worth $1.4 billion.The transaction would give ABB...

Virgin Media's chief financial officer resigns, APFN

May 19, 2009 3:54 am | by The Associated Press | News | Comments

NEW YORK (AP) — Virgin Media Inc. said Tuesday its chief financial officer, Jerry Elliott, will resign from the company due to family health reasons.Elliott's resignation is effective May 31.Rick Martin, the company's treasurer, will handle capital markets and treasury functions on an interim...

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UN chief: Time to break stalemate on cutting nukes, UN

May 19, 2009 3:49 am | by BRADLEY S. KLAPPER - Associated Press Writer - Associated Press | News | Comments

GENEVA (AP) — U.N. Secretary-General Ban Ki-moon urged nations to seize on recent momentum in nuclear disarmament talks, saying they had a historic opportunity to make the world a safer place.Closer cooperation between the United States and Russia this year has focused attention on negotiations at...

Judge orders deposition of Dell Inc. executive, 1st Ld-Writethru, LA

May 19, 2009 3:49 am | by BECKY BOHRER - Associated Press Writer - Associated Press | News | Comments

NEW ORLEANS (AP) — A state court judge Monday ordered the deposition of Dell Inc. Chief Executive Michael Dell in a lawsuit over New Orleans' problem-plagued crime camera program.At issue: what, if anything, he knew of Dell's sale of camera equipment to the city and whether the issue of...

Requests English-Language Books Non-Profit Writers/Business Editors

May 19, 2009 3:49 am | by The Associated Press | News | Comments

SAN FRANCISCO-- (BUSINESS WIRE) — May 19, 2009-- English-language books-rigorous, college-level textbooks; vital reference texts; children's storybooks-are increasingly in demand across the Asia-Pacific region, according to Books for Asia. An initiative that supports Asia's development goals by...

Senior Federation expected to dissolve, MN

May 19, 2009 3:49 am | by The Associated Press | News | Comments

MINNEAPOLIS (AP) — An advocacy group that made a name for itself by initiating bus trips to Canada for seniors to get cheaper prescription drugs will likely dissolve.The Minnesota Senior Federation will ask its 9,000 members to approve dissolution after July 1.Barbara Kaufman of Plymouth is...

HL:Canadian dollar opens at 86.44 cents US, up 1.63 cents@

May 19, 2009 3:49 am | by The Associated Press | News | Comments

TORONTO — The Canadian dollar opened at 86.44 cents US this morning, up 1.63 cents from Friday's close. The U.S. dollar stood at C$1.1569, down 2.22 cents.Pound sterling worth C$1.7917 up 0.27 of a cent, and US$1.5487 up 3.14 cents.The Euro was worth C$1.5772, down 1.34 cents.Quotations provided by...

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Woman accused of costing HUD $3 million sentenced, TX

May 19, 2009 3:49 am | by The Associated Press | News | Comments

KAUFMAN, Texas (AP) — A North Texas woman charged in a mortgage fraud scheme that cost taxpayers more than $3 million has been sentenced to 18 years in prison.The State Attorney General's Office says 58-year-old Karen Hayes of Kemp pleaded guilty Monday to engaging in organized criminal activity...

Highlights: GameStop Corp., Microsoft, Sony, Anthracite Capital and BlackRock. Business Editors

May 19, 2009 3:49 am | by The Associated Press | News | Comments

CHICAGO-- (BUSINESS WIRE) — May 19, 2009-- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: GameStop Corp....

Warner Music Group unit to offer $500M in notes, APFN

May 19, 2009 3:49 am | by The Associated Press | News | Comments

NEW YORK (AP) — Warner Music Group Corp., a music recording and publishing company, said late Monday that its WMG Acquisition Corp. subsidiary plans to offer $500 million of senior secured notes due 2016.WMG Acquisition plans use the net proceeds from the offering to repay part of the term loans...

NH unemployment rate climbs slightly in April, NH

May 19, 2009 3:44 am | by The Associated Press | News | Comments

CONCORD, N.H. (AP) — New Hampshire's seasonally adjusted unemployment rate increased 0.1 percentage points from March to April.The state Department of Employment Security says the rate was 2.6 percentage points higher than a year ago.The adjusted unemployment rate was 6.3 percent in April.Dennis...

Public hearing set for Allegheny rate request, VA

May 19, 2009 3:43 am | by The Associated Press | News | Comments

RICHMOND, Va. (AP) — The State Corporation Commission will hold a public hearing in September on Allegheny Power's request to increase its prices.The average residential customer's bill would increase by 6 percent. Allegheny says the increase is needed to cover the higher costs of purchasing power...

No. of nonregular workers drops in Jan.-March for 1st time+

May 19, 2009 3:43 am | by The Associated Press | News | Comments

TOKYO, May 19 (Kyodo) — The average number of part-time and other nonregular workers in Japan stood at 16.99 million in the January to March period, down 380,000 from a year earlier for the first decrease since 2003 when comparable data became available, the Ministry of Internal Affairs and...

Greenbrier bankruptcy case dismissed, 1st Ld-Writethru, VA

May 19, 2009 3:43 am | by ZINIE CHEN SAMPSON - Associated Press Writer - Associated Press | News | Comments

RICHMOND, Va. (AP) — A federal judge in Virginia has dismissed The Greenbrier's bankruptcy case.In a ruling Tuesday in Richmond, U.S. Bankruptcy Judge Kevin Huennekens dismissed the case after hearing from a financial officer for the West Virginia resort and its new owner, James Justice.They said...

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