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Hot Topic posts better-than-expected 1Q results, APFN

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

CITY OF INDUSTRY, Calif. (AP) — Teen clothier Hot Topic Inc. said Wednesday it turned a first-quarter profit that topped Wall Street expectations, helped by a large boost in sales at stores open at least a year. But the company's weak outlook send shares tumbling in after-hours trading.For the...

Ballot defeat means deeper cuts ahead for Calif., US

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

LOS ANGELES (AP) — Now what? With few tricks up their sleeves, Gov. Arnold Schwarzenegger and state lawmakers agree they can no longer avoid deep cuts to schools and government services after California voters rejected their special election budget proposals."I think the message was clear from the...

Raggio will vote on taxes, 4th Ld-Writethru, NV

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

CARSON CITY, Nev. (AP) — With approval late Wednesday of an exemption to conflict-of-interest rules, a key Republican state senator reversed course and said he'll cast what's seen as an essential vote to pass a $781 million tax measure.Senate Minority Leader Bill Raggio, R-Reno, at first had said...

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Lawyers in Detroit text case accused of misconduct, 1st Ld-Writethru, US

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

DETROIT (AP) — A lawyer who used a salacious trove of text messages as leverage to settle two lawsuits against ex-Mayor Kwame Kilpatrick for $8.4 million has been charged with ethics violations, along with four attorneys who worked on the deal.Mike Stefani "engaged in conduct that is contrary to...

Exhausting All Options

May 20, 2009 12:43 pm | News | Comments

An increasing proportion of the Danish vehicle fleet consists of diesel vehicles. In urban areas diesel vehicles are causing air pollution (from carbon particles, nitrogen oxides (NOX)) and unburned hydrocarbons).

Brascan SoundVest Funds Announce Monthly Distributions

May 20, 2009 12:39 pm | by The Associated Press | News | Comments

Brascan SoundVest Funds today announced monthly distributions and quarterly preferred interest payment for the following funds: ------------------------------------------------------------------- --------Ticker Distribution Record Payable Fund (TSX) (per unit) Date Date...

Acadian Timber Income Fund Announces Monthly Distribution

May 20, 2009 12:39 pm | by The Associated Press | News | Comments

Acadian Timber Income Fund (the "Fund") (TSX: ADN.UN) is pleased to announce its monthly distribution of $0.06875 per unit, payable on June 15, 2009 to unitholders of record on May 29, 2009.Acadian Timber Income Fund is a leading supplier of primary forest products in Eastern Canada and the...

Intesa SanPaolo units pay Parmalat millions, EU

May 20, 2009 12:38 pm | by The Associated Press | News | Comments

ROME (AP) — Subsidiaries of Italian bank Intesa SanPaolo Group have agreed to pay Parmalat SpA €20 million ($27 million) to settle claims relating to the dairy giant's 2003 collapse, the companies said in a joint statement Wednesday.As part of the deal, Parmalat agreed to relinquish all other...

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Ariz. lawmakers battle over GOP budget proposal, 2nd Ld-Writethru, AZ

May 20, 2009 12:38 pm | by PAUL DAVENPORT - Associated Press Writer - Associated Press | News | Comments

PHOENIX (AP) — The gloves are off for Arizona legislators debating majority Republicans' plan to solve the state's budget shortfall.To at least some Senate Republicans, the GOP leaders' budget-balancing proposal is a painful but overdue dose of financial realism for a state set up for a fall by...

Downgrades 1 Class of BSCMSI 2004-PWR5; Assigns Outlooks Business Editors

May 20, 2009 12:38 pm | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 20, 2009-- Fitch Ratings downgrades Bear Stearns Commercial Mortgage Securities Inc. (BSCMSI) commercial mortgage pass-through certificates, series 2004-PWR5, and assigns Rating Outlooks as follows:--$3.1 million class P to 'CCC/RR1' from 'B-'.In addition, Fitch...

Stockhouse(R) Reports Q1 Results

May 20, 2009 12:38 pm | by The Associated Press | News | Comments

Stockhouse, Inc. (OTCBB: STKH)(TSX VENTURE: SHC) today announced financial results for the first quarter ended March 31, 2009. A conference call and webcast will be held Thursday May 21 at 11:00 AM EDT to discuss the results. All results are reported in US Dollars under accounting principles...

NetApp posts lower 4Q profit, sales, APFN

May 20, 2009 12:38 pm | by The Associated Press | News | Comments

SUNNYVALE, Calif. (AP) — Data storage company NetApp Inc. said Wednesday its fiscal fourth-quarter profit fell as revenue declined amid the economic turmoil.For the three months ended April 24, the company earned $75.1 million, or 23 cents per share, down 16 percent from $89.8 million, or 26 cents...

Board grants Gary budget relief, 1st Ld-Writethru, IN

May 20, 2009 12:38 pm | by MIKE SMITH - AP Political Writer - Associated Press | News | Comments

INDIANAPOLIS (AP) — A property tax appeals board granted the city of Gary and four of its sister government units $23.5 million in budget relief from new state property tax caps on Wednesday.But the decision by the Distressed Unit Appeals Board still means the city, its sanitary and storm water...

Iberiabank buys back warrant for common stock, LA

May 20, 2009 12:38 pm | by The Associated Press | News | Comments

LAFAYETTE, La. (AP) — Regional banking company Iberiabank has paid $1.2 million to totally end its involvement in a federal program designed to provide additional capital for healthy banks to stimulate lending during the current credit crisis.Iberiabank bought a warrant to purchase 138,490 shares...

Yorbeau Closes Private Placement at $0.28 per Share

May 20, 2009 12:38 pm | by The Associated Press | News | Comments

Yorbeau Resources Inc. ("Yorbeau''')(TSX: YRB.A) is pleased to announce that it has completed a private placement of 2,900,000 flow-through shares at $0.28 per share for gross proceeds of $812,000. The funds from the placement will be used to immediately initiate drilling at the Company's Rouyn...

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