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Housing bottom in sight, but recovery will be slow

May 19, 2009 6:36 am | by MARTIN CRUTSINGER - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — Single-family home construction posted a modest rebound in April, raising hopes that the three-year slide in U.S. housing is leveling off. But a bulging supply of unsold homes, record levels of foreclosures and still-falling home prices suggest a sustained recovery isn't likely...

Poland to help laid off workers with mortgages

May 19, 2009 6:30 am | by The Associated Press | News | Comments

WARSAW, Poland (AP) — Poland's government has approved draft legislation allowing it to help recently laid off workers cope with their mortgage payments.Tuesday's decision by Prime Minister Donald Tusk's cabinet aims at averting the kind of credit crisis that mounting unpaid mortgages triggered in...

Michigan reports 164 confirmed swine flu cases, MI

May 19, 2009 6:30 am | by The Associated Press | News | Comments

LANSING, Mich. (AP) — Michigan officials are reporting 164 confirmed swine flu cases in the state.That is seven more than reported on a state Web site last week.The cases are spread among 27 of Michigan's 83 counties. The state updated its figures Monday afternoon.Federal officials have determined...

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Hoquiam biodiesel plant may reopen next year, 1st Ld-Writethru, WA

May 19, 2009 6:30 am | by HAL BERNTONAssociated Press | News | Comments

SEATTLE (AP) — Less than two years ago, Imperium Renewables opened an $88 million biodiesel plant in Hoquiam to the applause of politicians who hoped it would jump-start a Pacific Northwest biodiesel industry that would be an important new source of green jobs.Now the plant sits idle, most of its...

Massachusetts Senate girds for tax debate, APFN

May 19, 2009 6:30 am | by STEVE LeBLANC - Associated Press Writer - Associated Press | News | Comments

BOSTON (AP) — Democratic state senators huddled behind closed doors in Massachusetts Senate President Therese Murray's office Monday to hammer out a tax plan as they prepared for the start of their budget debate.Sen. Stephen Brewer, vice chairman of the Senate Ways and Means Committee, said...

Idaho dairy firm to open facility in eastern NM, NM

May 19, 2009 6:30 am | by The Associated Press | News | Comments

PORTALES, N.M. (AP) — An Idaho company that installs automated milking systems and provides services to the dairy industry is opening its first facility in the Southwest in eastern New Mexico.Automated Dairy Systems Inc. president Jerry Higley says the firm has been eyeing Portales for a while, and...

Kennametal to sell drill business to Top Eastern, APFN

May 19, 2009 6:30 am | by The Associated Press | News | Comments

LATROBE, Pa. (AP) — Kennametal Inc. said Tuesday it will sell its high-speed steel drill business to Top Eastern Drill Co.Kennametal said it would receive $29 million in proceeds and record a pretax loss of $30 million to $33 million. That would mostly be recorded in the quarter that ends June 30....

Outlook roundup: Kulicke & Soffa, Dick's Sporting, APFN

May 19, 2009 6:30 am | by The Associated Press | News | Comments

Among the earnings projection stories for Tuesday, May 19, from AP Financial News:FORT WASHINGTON, Pa. (AP) — Kulicke & Soffa Industries Inc. raised its fiscal third-quarter revenue forecast, reporting better sales across all of its businesses.PITTSBURGH (AP) — Dick's Sporting Goods Inc. raised the...

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Continental cuts production at Stoecken plant, EU

May 19, 2009 6:24 am | by GEORGE FREY - AP Business Writer - Associated Press | News | Comments

FRANKFURT (AP) — German tire maker Continental AG said Tuesday about 425 workers would lose their jobs due to production cuts at the Hannover Stoecken plant, although the company committed to keeping the site open at least until the end of 2010.Hannover-based Continental said it would cut back its...

Oversight of US programs in Afghanistan faulted, 1st Ld-Writethru, APFN

May 19, 2009 6:24 am | by RICHARD LARDNER - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — The military command overseeing $15 billion in U.S. programs to develop Afghanistan's security forces cannot be sure the money is being managed effectively, a top government watchdog warned Tuesday.In its first audit report since being formed a year ago, the office of the Special...

Ceradyne to shut manufacturing plant in France, 1st Ld-Writethru, APFN

May 19, 2009 6:24 am | by The Associated Press | News | Comments

COSTA MESA, Calif. (AP) — Ceramics products manufacturer Ceradyne Inc. said Tuesday it plans to shut a manufacturing plant in France this year in response to the recession and will take a charge of between $11 million and $13 million.The Costa Mesa, Calif., company said its ESK Ceramics France...

Ohio egg market, OH

May 19, 2009 6:24 am | by The Associated Press | News | Comments

COLUMBUS, Ohio (AP) — Trade sentiment mostly steady at present levels. Cartoned egg sales light to moderate and better where featured. Loose egg trade mostly light. Supplies adequate to cover needs.Prices to retailers: sales to volume buyers, Grade A and U.S. Grade A white eggs in cartons,...

Cameco to Resume UF6 Production at Port Hope

May 19, 2009 6:24 am | by The Associated Press | News | Comments

ALL AMOUNTS ARE STATED IN CDN $ (UNLESS NOTED)Cameco Corporation (TSX: CCO) (NYSE: CCJ) announced today that it is preparing to resume uranium hexafluoride (UF6) production at its Port Hope conversion facility. Cameco has signed a new contract with its historic supplier of hydrofluoric acid (HF)...

INDEX: Treaty, Government, Trade Agreements, Job Layoffs, Forestry And Timber, Housing And Urban Planning, Employee, Company Information, Labour, Business, Politics@

May 19, 2009 6:24 am | by The Associated Press | News | Comments

GRAND FALLS-WINDSOR, N.L. — Premier Danny Williams promised Tuesday to provide severance and other benefits to 800 laid-off workers at the AbitibiBowater Inc. (TSX:ABH) paper mill in central Newfoundland.Williams said the province is determined to ensure that workers affected by closure of the mill...

Bio-Rad Laboratories to offer $250M in senior debt, APFN

May 19, 2009 6:24 am | by The Associated Press | News | Comments

HERCULES, Calif. (AP) — Bio-Rad Laboratories Inc. said Tuesday it will start a private offering of $250 million in senior subordinated notes.The company said it many use the money for acquisitions. It also intends to it for other general corporate purposes and working capital. The offering is...

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