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Rates Saks Inc.'s New Convertible Notes 'B/RR3'; Outlook Negative Business Editors

May 21, 2009 6:21 am | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 21, 2009-- Fitch Ratings has assigned a 'B/RR3' rating to Saks Incorporated (Saks) $105 million 7.5% convertible notes due to Dec. 1, 2013. The Rating Outlook is Negative. Proceeds from the issuance will be used to pay down amounts outstanding under its $500 million...

Patterson outlook comes up short of estimates, APFN

May 21, 2009 6:21 am | by The Associated Press | News | Comments

ST. PAUL, Minn. (AP) — Dental and veterinary products supplier Patterson Cos. on Thursday forecast a profit below Wall Street expectations, saying economic weakness will continue to hurt its business.The company called for a profit of $1.70 to $1.80 per share for the 12-month period, which ends in...

HL:At least three more years before auto sector profitable: Conference Board@

May 21, 2009 6:15 am | by Julian Beltrame@Associated Press | News | Comments

OTTAWA — Canada's battered auto sector won't see even the hint of a profit for at least another three years and emerge from radical restructuring a shadow of its former self, a new report says.The Conference Board of Canada said Tuesday that the days when the car was king in North America are over,...

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HL:TSX Venture Exchange down 4.23 points to 1,081.41 at open@

May 21, 2009 6:15 am | by The Associated Press | News | Comments

TORONTO — The TSX Venture Exchange stood at 1,081.41 down 4.23 points from Wednesday's close. The volume at 10 a.m. ET was at 22.89 million shares.

Patterson 4Q profit slips as dental sales decrease, APFN

May 21, 2009 6:15 am | by The Associated Press | News | Comments

ST. PAUL, Minn. (AP) — Patterson Cos. said Thursday its profit fell 15 percent in the fiscal fourth quarter, as the weak economy led to reduced sales of dental equipment and other products.The veterinary and dental products supplier said the results fell short of its own expectations. They also...

Proposal to cut New Castle Co. council criticized, DE

May 21, 2009 6:15 am | by The Associated Press | News | Comments

NEW CASTLE, Del. (AP) — A state lawmaker's proposal to shrink the New Castle County Council from 13 seats to nine seats to save money is eliciting heavy criticism.Councilman Joseph Reda says the legislation proposed by Representative Michael Ramone and Sen. Karen Peterson would reduce the people's...

PetSmart downgraded; analyst sees slowing sales, APFN

May 21, 2009 6:15 am | by The Associated Press | News | Comments

NEW YORK (AP) — PetSmart Inc. shares slid Thursday after a Goldman Sachs analyst downgraded the pet supplies retailer despite its better-than-expected earnings in the first quarter.Goldman analyst Matthew Fassler said the Phoenix-based company has "executed well," with strong sales and earnings...

Lawyer: Former NC first lady won't quit her job, 7th Ld-Writethru, US

May 21, 2009 6:15 am | by MIKE BAKER - Associated Press Writer - Associated Press | News | Comments

RALEIGH, N.C. (AP) — Former North Carolina first lady Mary Easley will not resign from her job at North Carolina State University, her attorney said Thursday, defying advice of university superiors that she step aside from the $170,000-a-year position.Raleigh lawyer Marvin Schiller said at a news...

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Feds give $50M in aid to towns hit by auto layoffs, 2nd Ld-Writethru, US

May 21, 2009 6:15 am | by JAMES HANNAH - Associated Press Writer - Associated Press | News | Comments

DAYTON, Ohio (AP) — The federal government will give car-manufacturing communities $50 million in grants to train laid-off workers for jobs in the energy efficiency and renewable energy sectors, the White House's auto recovery leader said Thursday.The funds also will provide job counseling and...

FINANCIAL STATEMENTS and MANAGEMENT'S DISCUSSION & ANALYSIS for the 3 Months Ended 31 March 2009

May 21, 2009 6:15 am | by The Associated Press | News | Comments

Glass Earth Gold Limited (TSX VENTURE: GEL)(NZAX: GEL) ("Glass Earth") announces the release of its first quarter financial statements and Management's Discussion and Analysis ("MD&A") report pertaining to that period.EXPLORATION UPDATEGlass Earth progresses towards planned gold production.- Glass...

Group says New England job losses to mount, 1st Ld-Writethru, MA

May 21, 2009 6:15 am | by JAY LINDSAY - Associated Press Writer - Associated Press | News | Comments

BOSTON (AP) — The worst is not over for the New England economy, with job losses expected to mount until unemployment bottoms out in the middle of next year, according to a regional economic analysis group.The sobering forecast Thursday from the New England Economic Partnership projects only tepid...

Quest Capital Corp.: Director and Officer Dealing

May 21, 2009 6:14 am | by The Associated Press | News | Comments

Quest Capital Corp. (the 'Company') (TSX: QC)(NYSE Amex: QCC)(AIM: QCC) reports that A. Murray Sinclair and Brian E. Bayley, Co-Chairmen of the Company, and Stephen C. Coffey, President and CEO of the Company and Jim Grosdanis, Chief Financial Officer of the Company notified the Company on 20 May...

Pioneer Press seeks $2M in savings from union, APFN

May 21, 2009 6:09 am | by The Associated Press | News | Comments

ST. PAUL, Minn. (AP) — The management of the St. Paul Pioneer Press is asking its largest union for benefit and wage cuts that will save the company more than $2 million.Editor Thom Fladung told employees Wednesday evening that the proposal is in response to the economic downturn. It includes pay...

Ex-Siemens Greece official held on graft charges, EU

May 21, 2009 6:09 am | by The Associated Press | News | Comments

ATHENS, Greece (AP) — Greek authorities ordered a former official at the local branch of German industrial giant Siemens AG to remain in custody pending trial for alleged corruption in a state telecoms contract, court officials said Thursday.Prodromos Mavridis, Siemens Greece's former general...

Five Renowned Architects to Compete for National Music Centre Project at the King Eddy Site

May 21, 2009 6:08 am | by The Associated Press | News | Comments

After an extensive worldwide search, Cantos Music Foundation (http://www.cantos.ca/) has narrowed the field to five exceptional architectural teams to compete for the opportunity to design a new national music centre (http://www.cantos.ca/) featuring world-renowned music collections and public...

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