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GM says bondholder panel supports sweetened offer

May 27, 2009 12:27 pm | by KIMBERLY S. JOHNSON - AP Auto Writers - Associated Press | News | Comments

DETROIT (AP) — General Motors Corp. said Thursday a committee of bondholders has agreed to a sweetened deal proposed by the U.S. government to erase the automaker's unsecured debt in exchange for company stock.A person...

Kovair Software Unveils Kovair Global Lifecycle Release 6.0

May 27, 2009 12:27 pm | by The Associated Press | News | Comments

http://www.Kovair.com () —Kovair Software, a developer and supplier of Enterprise Class Application Life Cycle Management (ALM) and IT Service Management (ITSM) solutions, announced today the immediate availability of the...

HL:Judge slams CSIS actions in Harkat terror case@

May 27, 2009 12:26 pm | by Jim Brown@Associated Press | News | Comments

OTTAWA — A Federal Court judge is raising questions about whether Canada's spy agency has been withholding information and lying to the court in its effort to deport terrorist suspect Mohamed Harkat.In a toughly worded...

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Cleveland makes lemonade with comic's sour video, 2nd Ld-Writethru, APFN

May 27, 2009 12:26 pm | by THOMAS J. SHEERAN - Associated Press Writer - Associated Press | News | Comments

CLEVELAND (AP) — Come to Cleveland, where the economy is based on LeBron James, the streets are filled with drifters and broken-down homes can be had for the price of a VCR.A comedian's sarcastic YouTube music videos...

HL:Surging oil, solid banks results take TSX higher;data supports N.Y.@

May 27, 2009 12:26 pm | by Malcolm Morrison@Associated Press | News | Comments

TORONTO — The Toronto stock market surged about 150 points late Thursday morning led by rising financial and energy stocks."The main driver in the financial sector is the earnings from the banks and their numbers were pretty...

Web site to raise money for Minn. cancer patient, 5th Ld-Writethru, US

May 27, 2009 12:26 pm | by JEFF BAENEN - Associated Press Writer - Associated Press | News | Comments

MINNEAPOLIS (AP) — The family of a 13-year-old cancer patient who fled Minnesota with his mother because they objected to chemotherapy are using the Web to raise money for expenses that could mount as he restarts the therapy...

Nortel to Seek Buyer for Stake in LG-Nortel Joint Venture

May 27, 2009 12:21 pm | by The Associated Press | News | Comments

Nortel(1) (TSX: NT)(OTCBB: NRTLQ) today announced that its principal operating subsidiary, Nortel Networks Limited, has decided to seek a buyer for its majority stake (50% + 1 share) in LG-Nortel, the company's Korean joint...

INDEX:Business, Defence, International, Labour, Manufacturing, Transport@

May 27, 2009 12:20 pm | by The Associated Press | News | Comments

MONTREAL — Bombardier (TSX:BBD.B) chief executive Pierre Beaudoin said Friday he doesn't foresee more aerospace layoffs unless market conditions worsen."The way we see business today, we believe that we have adapted the size...

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Ore. lawmakers back tax hike for highway package, APFN

May 27, 2009 12:20 pm | by BRAD CAIN - Associated Press Writer - Associated Press | News | Comments

SALEM, Ore. (AP) — The Oregon House has approved a $300 million-per-year transportation package funded partly by a 6-cent-a-gallon gasoline tax increase.The package, which cleared the House on a 38-22 vote, also contains...

HL:TSX-listed corporate dividends and distributions declared May 27, 2009 @

May 27, 2009 12:20 pm | by The Associated Press | News | Comments

TORONTO (TSX-CP) — Dividends or distributions were declared or upd on the followed listed issues on the Toronto Stock Exchange on May 27, 2009.Foraco International Sa (TSX:FAR): $0.02. Payable Jul 02. RecordJun 11.Cp Holdrs...

Henry McMaster biography, SC

May 27, 2009 12:20 pm | by The Associated Press | News | Comments

NAME: Henry McMasterPARTY: RepublicanDATE OF BIRTH: May 27, 1947EDUCATION: Bachelor's and law degrees, University of South Carolina, 1969, 1973.PROFESSIONAL EXPERIENCE: Lawyer. State attorney general 2002-present; U.S....

Secretary says $250M going to tribal housing, 1st Ld-Writethru

May 27, 2009 12:20 pm | by MATTHEW BROWN - Associated Press Writer - Associated Press | News | Comments

BILLINGS, Mont. (AP) — Housing Secretary Shaun Donovan said Wednesday that the government will offer more than $250 million in housing grants to American Indians and native Alaskans as part of the federal stimulus package....

McMaster plays multiple roles in SC stimulus fight, 1st Ld-Writethru, SC

May 27, 2009 12:20 pm | by JIM DAVENPORT - Associated Press Writer - Associated Press | News | Comments

COLUMBIA, S.C. (AP) — In South Carolina's fight over federal stimulus money, Attorney General Henry McMaster is the man in the middle, facing lawsuits from both sides while also planning his own bid to run for governor.He's...

HL:Canadian dollar closed at 89.33 cents US, down 0.13 of a cent@

May 27, 2009 12:14 pm | by The Associated Press | News | Comments

TORONTO — The Canadian dollar closed at 89.33 cents US, down 0.13 of a cent on Wednesday.The U.S. dollar stood at 111.95 cents Canadian, up 0.17 of a cent.Pound sterling closed C$1.7923, up 1.14 cents and US$1.6010, up 0.78...

BW)(LA-MCMORAN-EXPLORATION)(MMR.NYSE)(PXP.NYSE)(EXXI.NASDAQ) McMoRan Exploration Co. Updates Gulf of Mexico Exploration and Production Activities Business Editors/Energy Writers

May 27, 2009 12:14 pm | by The Associated Press | News | Comments

NEW ORLEANS-- (BUSINESS WIRE) — May 27, 2009-- McMoRan Exploration Co. (NYSE: MMR) today updated its Gulf of Mexico exploration and production activities, including results from the Ammazzo exploratory well, drilling at the...

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