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3RD LD: Indonesian military plane crashes in Java, killing at least 58+

May 19, 2009 8:26 pm | by The Associated Press | News | Comments

JAKARTA, May 20 (Kyodo) — (EDS: UPDATING WITH ADDITIONAL DETAILS)An Indonesian military plan carrying 112 people crashed Wednesday in East Java Province, killing at least 58 people on board and on the ground, military and hospital officials said.The Hercules C-130 transport plane crashed at 6:20...


Dollar falls into upper 95 yen zone on dismal U.S. housing, Japan GDP+

May 19, 2009 8:11 pm | by The Associated Press | News | Comments

TOKYO, May 20 (Kyodo) — The U.S. dollar fell into the upper 95 yen range Wednesday morning in Tokyo on worse-than-expected U.S. housing data, while bleak Japanese gross domestic product data, which was within market expectations, also sparked dollar selling.At noon, the dollar fetched 95.60-65 yen,...

to Help Wireless Customers Save Money by Offering 'Mobile Makeovers' Business Editors/Telecommunications Writers

May 19, 2009 8:10 pm | by The Associated Press | News | Comments

BELLEVUE, Wash.-- (BUSINESS WIRE) — May 20, 2009-- T-Mobile USA, Inc. announced today a new campaign dedicated to helping people save money on their wireless service, and unveils a familiar face to inform customers that T-Mobile has "the coverage you need at the price you want."T-Mobile is...


Obama's financial watchdog plan faces big hurdles

May 19, 2009 8:10 pm | by MARCY GORDON - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — The head of the Securities and Exchange Commission is objecting to a plan being weighed by the Obama administration to create a new financial watchdog for consumers that would assume oversight of mutual funds.The SEC chief's split with the administration shows how hard it may be...

Orbital Successfully Launches Minotaur I Rocket Carrying TacSat-3 Satellite For U.S. Air Force Business Editors/High-Tech Editors

May 19, 2009 8:10 pm | by The Associated Press | News | Comments

DULLES, Va.-- (BUSINESS WIRE) — May 20, 2009-- Orbital Sciences Corporation (NYSE: ORB) announced today that its Minotaur I rocket successfully launched the Tactical Satellite-3 (TacSat-3) for the U.S. Air Force. The mission originated earlier today from the Mid-Atlantic Regional Spaceport (MARS)...

HP's profit drops, more layoffs looming, US

May 19, 2009 8:04 pm | by JORDAN ROBERTSON - AP Technology Writer - Associated Press | News | Comments

SAN FRANCISCO (AP) — As a gauge of how personal computer sales are faring, Hewlett-Packard Co.'s quarterly results clouded the issue rather than provided clarity.HP's profit dropped 17 percent to $1.72 billion and sales fell 3 percent to $27.4 billion in its fiscal second quarter, dragged down by...

AstraZeneca e-mails show debate on Seroquel risks, 4th Ld-Writethru, US

May 19, 2009 8:04 pm | by LINDA A. JOHNSON - AP Business Writer - Associated Press | News | Comments

TRENTON, N.J. (AP) — Marketing executives at British drugmaker AstraZeneca PLC for years blocked efforts by company scientists to raise concerns antipsychotic drug Seroquel caused weight gain and other problems, saying that would harm sales, plaintiff lawyers say.They say their claim is backed by...

Democrat claims seat in state Senate runoff, CA

May 19, 2009 7:53 pm | by The Associated Press | News | Comments

LOS ANGELES (AP) — A Democratic state assemblyman claimed a vacant state Senate seat Tuesday in a three-way runoff that offered little drama or suspense.Curren Price, a former Inglewood councilman in his second term in the Assembly, easily defeated Republican Nachum Shifren and Peace and Freedom...


3RD LD: Japan economy suffers worst slump in January-March qtr+

May 19, 2009 7:53 pm | by The Associated Press | News | Comments

TOKYO, May 20 (Kyodo) — (EDS: ADDING DETAILS, 4TH LEAD TO FOLLOW)Japan's economy suffered a record contraction in the first three months of 2009, struck by weakness in both external and domestic demand amid the economic crisis, the government said Wednesday.The Japanese economy, as measured by...

California voters reject state spending cap, 5th Ld-Writethru, US

May 19, 2009 7:48 pm | by The Associated Press | News | Comments

LOS ANGELES (AP) — California voters have rejected a ballot measure that would have created a state spending cap while prolonging temporary tax increases.Proposition 1A was the centerpiece of efforts by Gov. Arnold Schwarzenegger and other state leaders to fix California's ongoing fiscal problems....

Milwaukee Co. Board settles lawsuit for $45M, 1st Ld-Writethru, WI

May 19, 2009 7:37 pm | by The Associated Press | News | Comments

MILWAUKEE (AP) — The Milwaukee County Board reached a $45 million settlement of a federal lawsuit against Mercer Inc., the actuaries firm accused of failing to warn that a pension benefit plan approved in 2000 would saddle the county with multimillion-dollar costs for years.The impact of the...

Williams wins Democratic nomination for Philly DA, 7th Ld-Writethru, US

May 19, 2009 7:27 pm | by PATRICK WALTERS - Associated Press Writer - Associated Press | News | Comments

PHILADELPHIA (AP) — A former assistant prosecutor on Tuesday won a five-way Democratic primary for district attorney, making him the heavy favorite to win in November and become the first black DA in the city's history.The victory for Seth Williams comes four years after he lost in a challenge to...

LEAD: Japan needs to brace for continued economic severity: Kawamura+

May 19, 2009 7:22 pm | by The Associated Press | News | Comments

TOKYO, May 20 (Kyodo) — (EDS: ADDING COMMENTS)Chief Cabinet Secretary Takeo Kawamura expressed concern Wednesday that Japan's economic situation may continue to remain in dire straits, but noted that an early recovery is possible if the government's stimulus steps are steadily implemented.Kawamura...

Brother and sister found dead in Oconto Co.

May 19, 2009 7:22 pm | by The Associated Press | News | Comments

GILLETT, Wis. (AP) — Authorities say a 21-year-old man and his 32-year-old sister were found shot to death Tuesday in the rural home they rented in the Oconto County town of Gillett.Sheriff Mike Jansen said there is no evidence to indicate the community is in any danger as the investigation of the...

LEAD: Tokyo stocks edge up on GDP data, resource shares rise on oil price+

May 19, 2009 7:22 pm | by The Associated Press | News | Comments

TOKYO, May 20 (Kyodo) — (EDS: ADDING DETAILS AND PRICES)Tokyo stocks rose Wednesday morning after a record contraction in Japanese gross domestic product fell within expectations while rising crude oil prices lifted resource-related shares.The 225-issue Nikkei Stock Average ended morning trading up...


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