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1Q profits of Kuwaiti listed companies drop 94 pct, ML

May 20, 2009 5:56 am | by DIANA ELIAS - Associated Press Writer - Associated Press | News | Comments

KUWAIT CITY (AP) — The combined profits at most of Kuwait's publicly traded companies dropped by more than 90 percent in the first quarter, a report said Wednesday, in an indication of how strongly the global financial crisis has affected this small oil-rich state.The report by the country's Global...

German president faces tight contest for 2nd term, EU

May 20, 2009 5:51 am | by GEIR MOULSON - Associated Press Writer - Associated Press | News | Comments

BERLIN (AP) — German President Horst Koehler is seeking a second five-year term this weekend in an unusually tight contest that carries important symbolic value before national elections in September.Koehler, a member of Chancellor Angela Merkel's conservative Christian Democrats and a former...

Columbus McKinnon posts loss on sales drop, charge, APFN

May 20, 2009 5:51 am | by The Associated Press | News | Comments

AMHERST, N.Y. (AP) — Columbus McKinnon Corp., a producer of cranes and hoists, said Wednesday it lost $102.5 million in its fiscal fourth quarter as sales fell 16 percent and it absorbed a hefty impairment charge.The results were below Wall Street expectations, sending its shares down $1.06, or 7.6...

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Ill. governor's pension plan would cost $95B more, APFN

May 20, 2009 5:50 am | by JOHN O'CONNOR - AP Political Writer - Associated Press | News | Comments

SPRINGFIELD, Ill. (AP) — Gov. Pat Quinn's plan to overhaul government pension systems to save money would actually cost Illinois taxpayers $95 billion extra over the next three decades, according to documents obtained by The Associated Press.Wrestling with an $11.6 billion budget deficit, Quinn...

Danish railways settles with Italy's AnsaldoBreda, EU

May 20, 2009 5:50 am | by The Associated Press | News | Comments

COPENHAGEN (AP) — The Danish national railway system, DSB, says it has reached a 2.25 billion kroner ($411 million) settlement with train maker AnsaldoBreda after the Italian company failed to deliver trains on time.DSB chief Soeren Eriksen says the Italian group only has delivered 14 of 83...

APNewsBreak: NEA takes over Ind. teachers union, 3rd Ld-Writethru, IN

May 20, 2009 5:50 am | by DEANNA MARTIN - Associated Press Writer - Associated Press | News | Comments

INDIANAPOLIS (AP) — Indiana's largest teachers union hopes a takeover by the National Education Association will rescue it before it sinks under the weight of its troubled insurance arm, which has spurred state and federal investigations and landed the 50,000-member union in financial...

Premarket roundup: Costco, Hewlett-Packard, APFN

May 20, 2009 5:50 am | by The Associated Press | News | Comments

Among the premarket stories for Wednesday, May 20, from AP Financial News:NEW YORK (AP) — Customer traffic is rising fast at Costco Wholesale Corp. stores and the stock is a good value right now, a Credit Suisse analyst said, upgrading the wholesale club chain.NEW YORK (AP) — Shares of...

PATH power line application filed in Maryland, MD

May 20, 2009 5:50 am | by The Associated Press | News | Comments

BALTIMORE (AP) — Two energy companies have filed an application with Maryland regulators to run part of a high-voltage, multistate power line across southern Frederick County.American Electric Power Co., of Columbus, Ohio, and Allegheny Energy Inc., of Greensburg, Pa., filed the application with...

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3RD LD: Baseball: Rakuten's Tanaka shuts out Yakult+

May 20, 2009 5:44 am | by The Associated Press | News | Comments

SENDAI, May 20 (Kyodo) — (EDS: ADDING SOFTBANK-HANSHIN GAME)Masahiro Tanaka pitched a two-hitter for his third shutout of the season, leading the Rakuten Eagles to a 2-0 win over the Yakult Swallows on Wednesday.Tanaka (6-0) won a pitching duel with fellow young right-hander Yoshinori Sato (2-3),...

Invesco prices stock offering at $14 per share, APFN

May 20, 2009 5:44 am | by The Associated Press | News | Comments

ATLANTA (AP) — Investment management company Invesco Ltd. said Wednesday it had priced a stock offering at $14 per share.The $400 million offering of 28.6 million shares is expected to close on or about May 26.Invesco said proceeds from the share sale could be used for general expenses, new...

Mont. PSC OKs new NorthWestern Energy gas plant, APFN

May 20, 2009 5:44 am | by MATT GOURAS - Associated Press Writer - Associated Press | News | Comments

HELENA, Mont. (AP) — The Montana Public Service Commission on Tuesday gave final approval for NorthWestern Energy's plan to build a new natural gas-fired power plant near Anaconda.The new plant is part of a plan to give the state's largest utility the capacity to generate some of its own power.The...

Stocks jump in early going as BofA raises capital, 4th Ld, APFN

May 20, 2009 5:44 am | by TIM PARADIS - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Wall Street is seeing some of its worries about banks ease now that Bank of America Corp. was able to raise billions of dollars in capital.The bank said late Tuesday that in less than two weeks it had raised $13.47 billion through the sale of 1.25 billion shares. That helped put the...

Kankakee, Ill. newspaper charging online readers, APFN

May 20, 2009 5:44 am | by The Associated Press | News | Comments

KANKAKEE, Ill. (AP) — The Daily Journal newspaper of Kankakee has started charging readers to view content online.Managing Editor Susy Schultz says the north-central Illinois newspaper offers a PDF of each issue online to subscribers. The PDF is available for free to subscribers of the print...

Metropolitan Mortgage Initiates Transaction to Become Mortgage Lender Business Editors

May 20, 2009 5:44 am | by The Associated Press | News | Comments

CHARLOTTE, N.C.-- (BUSINESS WIRE) — May 20, 2009--1st Metropolitan Mortgage, a national mortgage broker, has, subject to regulatory approval, become a subsidiary of Mirad Financial Group, which is a wholly-owned subsidiary of Hestia Financial. Regulatory approval is expected to take 60 to 120...

Critics: Ireland slow to protect its children, 4th Ld-Writethru, EU

May 20, 2009 5:44 am | by SHAWN POGATCHNIK - Associated Press Writer - Associated Press | News | Comments

DUBLIN (AP) — Child-abuse activists have warned that Ireland failed to learn the lessons from decades of unchecked brutality inside Catholic Church-run schools and still offers poor protection to vulnerable boys and girls.This week's mammoth report into the abuse of thousands of children in...

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