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Volkswagen calls off next talks with Porsche

May 17, 2009 3:20 am | by The Associated Press | News | Comments

BERLIN (AP) — Volkswagen AG called off the next round of talks over a planned integration with sports car maker Porsche SE, saying the atmosphere is not right for constructive discussions, officials said Sunday.The Wolfsburg-based car maker had pulled out the next round of talks at the working...

Lloyds chairman to step down by June 2010

May 17, 2009 2:39 am | by JENNIFER QUINN - Associated Press Writer - Associated Press | News | Comments

LONDON (AP) — Lloyds Banking Group chairman Sir Victor Blank announced his retirement Sunday, saying he will step down from the position by June 2010 after mounting criticism over the decision to purchase struggling bank HBOS."It is the right time for the group to appoint a new chairman," Blank...

UAE and European companies team to export Iraq gas

May 17, 2009 1:13 am | by ADAM SCHRECK - AP Business Writer - Associated Press | News | Comments

DUBAI, United Arab Emirates (AP) — Two European energy companies helping build a pipeline to reduce the continent's dependence on Russian gas said Sunday they will team with Mideast producers to feed the route with Iraqi fuel.In a consortium announced in Sharjah, United Arab Emirates, Austria's OMV...


Final edition of Tucson Citizen hits the streets

May 16, 2009 12:59 pm | by ARTHUR H. ROTSTEIN - Associated Press Writer - Associated Press | News | Comments

TUCSON, Ariz. (AP) — The headline on the final print edition of Saturday's Tucson Citizen newspaper said it all: Our epitaph.The 48-page commemorative edition of Arizona's oldest daily newspaper was filled with individual columns from editors and staffers and highlights of the Citizen's 138 years...

RNC chief: Gay marriage will burden small business

May 16, 2009 8:52 am | by RUSS BYNUM - Associated Press Writer - Associated Press | News | Comments

SAVANNAH, Ga. (AP) — Republicans can reach a broader base by recasting gay marriage as an issue that could dent pocketbooks as small businesses spend more on health care and other benefits, GOP Chairman Michael Steele said Saturday.Steele said that was just an example of how the party can retool...

More air cargo gets security screening

May 16, 2009 7:31 am | by SHANNON DININNY - Associated Press Writer - Associated Press | News | Comments

YAKIMA, Wash. (AP) — Thousands of boxes of Washington cherries will be loaded onto passenger planes in coming weeks, bound for Pacific Rim countries like Japan and Korea.Or so farmers hope.Growers and shippers of highly perishable crops like cherries worry that a new requirement that all cargo on...

Towns find obstacles to saying 'I do' to mergers

May 16, 2009 7:01 am | by DAVID PORTER - Associated Press Writer - Associated Press | News | Comments

CHESTER, N.J. (AP) — It's a response to the recession and dwindling state aid that seems deceptively logical: Neighboring towns can merge into one to streamline services and save money.Problem is, it's rarely done, though the concept is being studied in many states, including New Jersey. But to...

Navajos largely unscathed by recession

May 16, 2009 6:56 am | by FELICIA FONSECA - Associated Press Writer - Associated Press | News | Comments

TONALEA, Ariz. (AP) — Talk at the community center in this small Navajo town isn't as focused on the economy as it is in many places off the reservation.That's because the people living on the largest American Indian reservation have been largely unscathed by the recession.Most Navajos own their...


Thai PM says country getting 'back to business'

May 16, 2009 6:25 am | by JEREMIAH MARQUEZ - Associated Press Writer - Associated Press | News | Comments

HONG KONG (AP) — Thailand's prime minister said his country is getting "back to business" after months of political and economic turmoil that has felled Southeast Asia's second-biggest economy.Prime Minister Abhisit Vejjajiva met with investors, business leaders and officials in Hong Kong on Friday...

Tomato company at center of probe files Chapter 11

May 16, 2009 6:25 am | by The Associated Press | News | Comments

FRESNO, Calif. (AP) — More than 1,000 workers are in danger of losing their jobs after the company at the center of a federal tomato price-fixing investigation filed for bankruptcy.Officials at SK Foods, which operates a factory processing ketchup and sauces in Lemoore, say they hope they can find...

European unions protest in Prague against crisis

May 16, 2009 5:40 am | by The Associated Press | News | Comments

PRAGUE (AP) — About 20,000 labor unions members from the Czech Republic and other European countries rallied in Prague on Saturday to demand better protection for workers during the economic crisis and protested proposed measures against it.The protesters, joined by colleagues from Germany, Italy...

Fiat autoworkers march in Turin, fearing shutdowns

May 16, 2009 5:04 am | by The Associated Press | News | Comments

ROME (AP) — Fiat autoworkers fearing factory shutdowns rallied Saturday in Turin near the company's headquarters.Thousands of workers marched from the Mirafiori factory in the northern Italian city to near the headquarters, where union leaders gave speeches.Among the marchers were many who came...

Hot in recession: Chocolate, running shoes, Spam

May 16, 2009 4:59 am | by DEB RIECHMANN - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — It's not all doom and gloom in the U.S. economy. Some products are bucking the recession and flying off store shelves.Sales of chocolate and running shoes are up. Wine drinkers haven't stopped sipping; they just seem to be choosing cheaper vintages.Gold coins are selling like hot...

Califorina hedge fund manager arrested

May 15, 2009 10:31 pm | by The Associated Press | News | Comments

LOS ANGELES (AP) — A Beverly Hills hedge fund manager was arrested Friday on a charge he bilked investors out of $44.3 million, including $5 million he lost playing poker, the U.S. attorney's office said.Bradley L. Ruderman, 46, surrendered to FBI agents after being named in a wire fraud complaint....

Berkshire invests in Wells Fargo, US Bancorp, J & J

May 15, 2009 2:21 pm | by JOSH FUNK - AP Business Writer - Associated Press | News | Comments

OMAHA, Neb. (AP) — Warren Buffett's company found more bargains among beaten down marquee stocks during the first quarter as it added to its sizable investments in Wells Fargo & Co., US Bancorp and Johnson & Johnson.Berkshire Hathaway Inc. revealed those investments and several other changes to its...


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