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Limited Brands 1Q profit is better than expected

May 20, 2009 12:52 pm | by MAE ANDERSON - AP Retail Writer - Associated Press | News | Comments

NEW YORK (AP) — Clothing and personal care products retailer Limited Brands Inc. posted a surprise first-quarter profit on Wednesday, as its cost-cutting efforts offset lower sales.The operator of the Victoria's Secret and Bath and Body Works chains also raised its full-year guidance. The shares...

Intuit narrows full-year revenue, earnings view, 1st Ld-Writethru, APFN

May 20, 2009 12:52 pm | by The Associated Press | News | Comments

MOUNTAIN VIEW, Calif. (AP) — Intuit Inc., the maker of TurboTax tax preparation software and Quicken personal finance software, narrowed its full-year revenue guidance Wednesday.The company it expects to post a fiscal year profit of $1.31 to $1.35 per share.On an adjusted basis, profit is expected...

Obama approves plans for US-UAE nuclear power deal, US

May 20, 2009 12:51 pm | by The Associated Press | News | Comments

WASHINGTON (AP) — President Barack Obama has approved plans for the U.S. to help the United Arab Emirates become the first Arab nation with a nuclear power industry.In a document released by the White House on Wednesday, Obama said the nuclear cooperation agreement is in U.S. interests. The State...

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Filmmakers denied tax incentives to shoot in Texas, 1st Ld-Writethru, TX

May 20, 2009 12:51 pm | by The Associated Press | News | Comments

AUSTIN, Texas (AP) — The company behind the upcoming feature film "Waco" said this week at the Cannes Film Festival that the Texas Film Commission denied its application for tax incentives meant to encourage more filming in Texas, causing the company to halt plans for a $30 million project in the...

Citi Trends posts better-than-expected 1Q results, APFN

May 20, 2009 12:51 pm | by The Associated Press | News | Comments

SAVANNAH, Ga. (AP) — Clothing company Citi Trends Inc. said Wednesday its first-quarter earnings rose 53 percent to top Wall Street expectations, helped by higher same-store sales and fewer markdowns.Profit rose to $7.9 million, or 54 cents per share, compared with $5.2 million, or 36 cents per...

Mass. seeks $6.5M in stimulus funds for clean cars, MA

May 20, 2009 12:51 pm | by The Associated Press | News | Comments

BOSTON (AP) — The Patrick administration is seeking $6.5 million in federal stimulus money to help local communities, private companies and state agencies buy more than 300 hybrid and alternative fuel vehicles.The vehicles include hybrid trucks and taxis, compressed natural gas buses, and other...

GE, Target, Hewlett-Packard are big movers, US

May 20, 2009 12:51 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:NYSEGeneral Electric Co., up 7 cents at $13.77The industrial conglomerate's CEO said GE had raised the $45 billion in bonds it needed for 2009 and its finance unit was...

McClatchy CEO sees good news ahead for publisher, 1st Ld-Writethru, US

May 20, 2009 12:50 pm | by MICHAEL LIEDTKE - AP Business Writer - Associated Press | News | Comments

SACRAMENTO, Calif. (AP) — McClatchy Co. may look feeble now, but its chief executive believes the newspaper publisher will emerge from the recession in better shape than most investors believe."I like to think of the McClatchy of the future as an athlete: fit and trim, yet muscular where we need to...

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Prof writes book about Carroll College's history, MT

May 20, 2009 12:50 pm | by MARTIN J. KIDSTONAssociated Press | News | Comments

HELENA, Mont. (AP) — Bob Swartout had his heart set on joining the Navy, but he and a buddy opted to attend college instead, even if the plan included little more than killing time.But two years at Portland State University led to four years of college, which led to three years in Korea, which led...

NC Senate delays vote on taxpayer campaign funding, NC

May 20, 2009 12:45 pm | by The Associated Press | News | Comments

RALEIGH, N.C. (AP) — The North Carolina Senate debated a measure allowing big cities to use taxpayer money for local election campaigns, then postponed a vote until next week.The Senate on Wednesday saw the Democratic majority jockey against Republicans opposing the bid to start voluntary public...

Intuit 3Q profit rises 9 percent on tax prep sales, 2nd Ld-Writethru, APFN

May 20, 2009 12:45 pm | by The Associated Press | News | Comments

MOUNTAIN VIEW, Calif. (AP) — Personal finance software maker Intuit Inc. on Wednesday said fiscal third-quarter profit rose 9 percent, on strong growth for its TurboTax tax preparation software.For the three months ended April 30, the maker of TurboTax and Quicken said profit rose to $484.8...

US lawmakers ask Obama to delay Panama trade deal, US

May 20, 2009 12:45 pm | by JIM ABRAMS - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — The administration should not send a Panama free trade agreement to the U.S. Congress until the Central American country takes steps to end its status as a haven for offshore tax evasion, two Democrats wrote President Barack Obama on Wednesday.In a time of economic distress, wrote...

Patrick: Mass. helped propel Obama emissions plan, MA

May 20, 2009 12:44 pm | by The Associated Press | News | Comments

BOSTON (AP) — Gov. Deval Patrick says Massachusetts played a pivotal role in moving the country toward stricter automobile fuel-efficiency standards announced by the Obama administration.In an e-mail to his political supporters, the Democrat noted that Massachusetts challenged the Bush...

Omaha man pleads not guilty in gambling debt case, 2nd Ld-Writethru, NV

May 20, 2009 12:44 pm | by KEN RITTER - Associated Press Writer - Associated Press | News | Comments

LAS VEGAS (AP) — A prominent Nebraska philanthropist pleaded not guilty Wednesday to felony charges that he failed to repay almost $15 million in gambling debts to two Las Vegas casinos.Terrance "Terry" Watanabe and his lawyer declined comment about the case as they left the Clark County courthouse...

Gangs, violence still plague Ohio youth prisons, OH

May 20, 2009 12:44 pm | by ANDREW WELSH-HUGGINS - Associated Press Writer - Associated Press | News | Comments

COLUMBUS, Ohio (AP) — Guards have used unauthorized restraints and young inmates have frequently attacked officers — and one another — in the year after the state settled a federal lawsuit that alleged widespread problems in the youth prison system, records show.A gang-related fight involving 41...

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