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Euro extends gains against dollar, 1st Ld-Writethru, EU

May 21, 2009 11:49 pm | by The Associated Press | News | Comments

BERLIN (AP) — The euro extended its gains against the dollar on Friday, climbing above $1.39 after a warning that Britain's debt level may result in its rating being cut raised similar worries about the U.S.The 16-nation euro bought $1.3987 in afternoon European trading, up from $1.3889 in New York...

Hunt for New Zealand pair may lead to Hong Kong, 4th Ld-Writethru, AS

May 21, 2009 11:33 pm | by RAY LILLEY - Associated Press Writer - Associated Press | News | Comments

WELLINGTON, New Zealand (AP) — From running a gas station to just plain running: A New Zealand couple who dropped out of sight after a bank error gave them a multimillion-dollar line of credit was being sought in Hong Kong, police said Friday.An international search was under way for the man and...

Indonesian imams OK Facebook _ but no flirting!

May 21, 2009 11:33 pm | by INDRA HARSAPUTRA - Associated Press Writer - Associated Press | News | Comments

SURABAYA, Indonesia (AP) — Muslim clerics debating the exploding popularity of Facebook in Indonesia said Friday that followers could use the networking site to connect with friends or for work — but not to gossip or flirt.The nonbinding ruling followed a two-day meeting of clerics in the world's...

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LEAD: 32 forced-laborers rescued from brick kilns in eastern China+

May 21, 2009 11:33 pm | by The Associated Press | News | Comments

BEIJING, May 22 (Kyodo) — (EDS: ADDING INFORMATION ABOUT 2007 SCANDAL)Ten people have been arrested in connection with the use of 32 mentally handicapped people as forced labor in brick kilns in eastern China, the official Xinhua News Agency reported Friday.The operation's boss and nine of his...

Recession, Investors Must Become Traders If They Want to Reap Optimum Returns in the Stock Market Business Editors

May 21, 2009 11:33 pm | by The Associated Press | News | Comments

SAN ANTONIO-- (BUSINESS WIRE) — May 22, 2009--Over the last decade, Jeff White has made his mark as a successful active trader and entrepreneur. That success has led to the creation of the TheStockBandit.com, a community and portal for tools and information designed to assist other active traders...

Obama vows not to send troops to war without cause, 7th Ld-Writethru, US

May 21, 2009 11:32 pm | by DARLENE SUPERVILLE - Associated Press Writer - Associated Press | News | Comments

ANNAPOLIS, Md. (AP) — President Barack Obama promised graduating midshipmen at the U.S. Naval Academy on Friday that, as their commander in chief, he will only send them "into harm's way when it is absolutely necessary."In his first address to military graduates, Obama also pledged to invest in the...

Union urges tax hike in radio, TV ads, IL

May 21, 2009 11:27 pm | by The Associated Press | News | Comments

SPRINGFIELD, Ill. (AP) — The largest state employees' union in Illinois is running radio and TV ads urging lawmakers to approve an income tax increase to pay for needed public services."Backlog" — a television spot noting an Illinois State Police backlog of DNA tests that could identify criminals —...

Oregon School for Blind could close this summer, OR

May 21, 2009 11:16 pm | by The Associated Press | News | Comments

SALEM, Ore. (AP) — The Oregon School for the Blind may not survive the summer.House Bill 2834 calls for closing the 136-year-old school on Sept. 1. Lawmakers have considered six proposals since the mid-1980s to either to close the school or merge it with the Oregon School for the Deaf. This year's...

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Space shuttle landing held up by stormy weather

May 21, 2009 11:16 pm | by MARCIA DUNN - AP Aerospace Writer - Associated Press | News | Comments

CAPE CANAVERAL, Fla. (AP) — Thunderstorms raking NASA's spaceport kept space shuttle Atlantis in orbit an extra day Friday, giving the crew unwanted downtime as they aimed for a landing the next day.After passing up two opportunities to land Friday at Kennedy Space Center, Mission Control thanked...

BW)(DR.-REDDY'S-LABORATORIES)(RDY.NYSE) Dr. Reddy's Receives Approval for Three INDs and Announces Reorganization of Its Drug Discovery Operations Business Editors/Health/Medical...

May 21, 2009 11:11 pm | by The Associated Press | News | Comments

HYDERABAD, India-- (BUSINESS WIRE) — May 22, 2009-- Dr. Reddy's announced that the first human subjects were successfully dosed in a phase I study with DRL 17822, a selective inhibitor of CETP, for the treatment of dyslipidemia, atherosclerosis and associated cardiovascular diseases. The compound...

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Japan stocks down on strong yen, AS

May 21, 2009 11:11 pm | by The Associated Press | News | Comments

TOKYO (AP) — Japanese stocks fell Friday with exporters under pressure on the back of a strong yen, and sentiment weak amid concerns about a possible downgrade of British government debt that sent Wall Street lower.The benchmark Nikkei 225 stock average lost 38.34 points, or 0.4 percent, to...

Yuma marine journalist to report from Afghanistan, AZ

May 21, 2009 11:05 pm | by JARED DORTAssociated Press | News | Comments

YUMA, Ariz. (AP) — He joined the Marine Corps in the hope of being a part of something big.Now, Gregory Aalto's ready for the experience of a lifetime.Aalto, a 22-year-old lance corporal and journalist at Marine Corps Air Station Yuma, was picked to cover the conflict in Afghanistan and follow the...

New UF budget contains $42.2M in cuts, layoffs, 4th Ld-Writethru, FL

May 21, 2009 11:05 pm | by The Associated Press | News | Comments

GAINESVILLE, Fla. (AP) — The University of Florida announced $42.2 million in cuts to its budget Friday for the upcoming fiscal year.The proposed budget includes the elimination of about 150 staff and faculty positions. In addition, nine faculty members and 49 staff members will be laid off."Our...

LEAD: Tokyo stocks down on strong yen, U.S. credit jitters+

May 21, 2009 11:00 pm | by The Associated Press | News | Comments

TOKYO, May 22 (Kyodo) — (EDS: ADDING DETAILS AND PRICES)Tokyo stocks fell Friday as a stronger yen toppled exporters and investor sentiment slumped on jitters over the fate of the U.S. credit rating.The 225-issue Nikkei Stock Average ended a choppy session down 38.34 points, or 0.41 percent, from...

Malaysia, Singapore eye changes to economic models, 2nd Ld-Writethru, AS

May 21, 2009 11:00 pm | by ALEX KENNEDY - Associated Press Writer - Associated Press | News | Comments

SINGAPORE (AP) — Malaysia and Singapore said Friday they may tweak their economic models as a collapse in demand from the U.S. and Europe sends the Southeast Asian neighbors into recession.Malaysia plans to emphasize "greater creativity, innovation and high-value" as part of an effort to spark...

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