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HL:Staying alive: As recession deepens, businesses keep bankruptcy at bay@

May 19, 2009 12:22 pm | by Julian Beltrame@Associated Press | News | Comments

OTTAWA — The ability of Canadian businesses to survive the worst recession in decades is giving hope that the rebound from current massive job losses will be stronger than widely expected.One of the biggest surprises of the downturn — unique to Canada — is that as the economy has slumped, the...

Congress passes anti-foreclosure bill, 1st Ld-Writethru, US

May 19, 2009 12:17 pm | by ANNE FLAHERTY - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — Congress on Tuesday sent the president legislation that encourages banks to spare homeowners from foreclosure, after the industry helped scuttle a tougher measure that would have forced lenders to reduce monthly payments of owners in bankruptcy.The House voted 367-54 to pass the...

Stockholders Elect Randy Carson to Board Business Editors

May 19, 2009 12:16 pm | by The Associated Press | News | Comments

PARMA, Ohio-- (BUSINESS WIRE) — May 19, 2009-- GrafTech International Ltd. (NYSE:GTI) today announced that at the Annual Meeting of Stockholders Randy Carson was elected an independent director to the Company's Board of Directors.Mr. Carson served as Chief Executive Officer of the Electrical Group...

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Lockheed to lay off 130 workers due to DOD budget, APFN

May 19, 2009 12:16 pm | by The Associated Press | News | Comments

WASHINGTON (AP) — Lockheed Martin Corp. said Tuesday that it plans to eliminate 130 jobs because of Pentagon budget cuts that impacted its work on programs like a new helicopter for the president.The cuts, which will be focused on Lockheed's systems integration unit in Owego, N.Y., will likely be...

Report: More biofuels needed for UW power plant, APFN

May 19, 2009 12:16 pm | by RYAN J. FOLEY - Associated Press Writer - Associated Press | News | Comments

MADISON, Wis. (AP) — Uncertainty about the availability and cost of biomass fuels makes Gov. Jim Doyle's $251 million plan to overhaul a University of Wisconsin-Madison power plant somewhat risky, according to a report.Doyle has proposed converting the coal-fired Charter Street plant, long a major...

Gas prices increase, 1st Ld-Writethru, OK

May 19, 2009 12:16 pm | by ROCHELLE HINES - Associated Press Writer - Associated Press | News | Comments

OKLAHOMA CITY (AP) — Oklahomans will be paying higher prices for gasoline as summer gets closer, but prices probably won't be as high as they were in 2008, according to AAA Oklahoma.The average price of gasoline in Oklahoma has risen to $2.16 per gallon, about 15 cents lower than the national...

Chrysler dealers file objection to sale, APFN

May 19, 2009 12:16 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Attorneys representing a group of Chrysler dealers filed an objection Tuesday opposing the sale of the automaker's assets, citing the company's plans to terminate franchise agreements of 789 dealers as part of the deal.The Committee of Chrysler Affected Dealers, which claims to...

HL:Canadian Press Life-Entertainment News Budget Tuesday, May 19@

May 19, 2009 12:16 pm | by The Associated Press | News | Comments

Here are coverage plans from The Canadian Press as of 18:10 ET. Please note plans may change as circumstances warrant.Entertainment questions may be directed to Andrea Baillie at 416-507-2162. Health and Lifestyles questions can go to Anne Tobin at 416-507-2141. All copy expected to move by 18:30...

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Alaska Airlines pilots ratify 4-year contract, WA

May 19, 2009 12:16 pm | by The Associated Press | News | Comments

SEATTLE (AP) — Alaska Airlines and its pilots union say the members of the Air Line Pilots Association voted to approve a new four-year contract with 84 percent in favor.They say in a statement Tuesday the contract for Alaska's 1,455 pilots includes pay increases, retirement options, and work rules...

Annual general meeting held in StatoilHydro ASA

May 19, 2009 12:16 pm | by The Associated Press | News | Comments

The ordinary general meeting in StatoilHydro ASA (OSE: STL, NYSE: STO) resolved on 19 May 2009 to adopt the annual report and accounts for StatoilHydro ASA for 2008, as proposed by the board of directors.The proposal for the allocation of net income, including distribution of a total dividend of...

Humane Society: Give Ohio farm animals some space, US

May 19, 2009 12:16 pm | by TERRY KINNEY - Associated Press Writer - Associated Press | News | Comments

CINCINNATI (AP) — The Ohio farm lobby and the Humane Society of the United States are girding for a fight over the confinement of farm animals, following the Humane Society's legislative successes in other states.The Washington-based society saying it is confident voters will side with requiring...

Michigan announces tax breaks for projects, MI

May 19, 2009 12:10 pm | by The Associated Press | News | Comments

LANSING, Mich. (AP) — Michigan is offering tax credits to auto suppliers that want to diversify into the alternative energy and medical sectors.Another economic development project announced Tuesday by Gov. Jennifer Granholm is Windtronics' plan to locate a wind turbine manufacturing facility in...

Neb. lawmakers advance wind-energy plan, APFN

May 19, 2009 12:10 pm | by The Associated Press | News | Comments

LINCOLN, Neb. (AP) — A bill designed to remove what Nebraska lawmakers say is an obstacle to developing wind energy is headed to the final round of debate.Lawmakers voted Tuesday to advance the bill from Sen. Steve Lathrop of Omaha. Lathrop has said the bill would give the state's public-power...

Announces Prepayment of Equipment Loans Business Editors

May 19, 2009 12:10 pm | by The Associated Press | News | Comments

TEWKSBURY, Mass.-- (BUSINESS WIRE) — May 19, 2009-- Acusphere, Inc. (ACUS.PK) today announced that it has prepaid its equipment loans with Oxford Finance Corporation and Massachusetts Development Finance Agency. These transactions, in combination with the previously disclosed prepayment in full of...

GM Venezuela to halt production on dollar woes, LT

May 19, 2009 12:10 pm | by FABIOLA SANCHEZ - Associated Press Writer - Associated Press | News | Comments

CARACAS, Venezuela (AP) — General Motors Corp.'s Venezuela affiliate on Tuesday said it would temporarily suspend production at its two local assembly plants next month because the government has limited access to the dollars it needs to import car parts.A statement from General Motors Venezolana,...

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