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Medivation plans sale of 2.75 million shares, APFN

May 26, 2009 1:20 pm | by The Associated Press | News | Comments

SAN FRANCISCO (AP) — Biotechnology company Medivation Inc. said Tuesday it plans to sell 2.75 million new shares of stock, using the proceeds to fund development of two of its drug candidates.Medivation will offer the underwriters of the sale the opportunity to buy an additional 412,500 shares....

Cigna says chief financial officer has resigned, APFN

May 26, 2009 1:20 pm | by The Associated Press | News | Comments

PHILADELPHIA (AP) — Managed care company Cigna Corp. said Tuesday that Chief Financial Officer Mike Bell has resigned.The Philadelphia-based insurer did not give a reason in a statement released shortly after markets closed. But documents filed with the Securities and Exchange Commission said there...

Mich. man sentenced for hiding deaths for annuity, MI

May 26, 2009 1:20 pm | by The Associated Press | News | Comments

GRAND RAPIDS, Mich. (AP) — One of three brothers who admitted to cashing annuity checks that were supposed to end when their parents died has been sentenced in a Grand Rapids courtroom to two years in prison.U.S. District Judge Janet Neff on Tuesday sentenced Randall Banks of the Flint suburb of...


Sotomayor: A liberal record _ but not entirely so, 1st Ld-Writethru, US

May 26, 2009 1:20 pm | by MARK SHERMAN - Associated Press Writers - Associated Press | News | Comments

WASHINGTON (AP) — In more than 16 years as a federal judge, Sonia Sotomayor has often sided with people claiming discrimination in education and employment. She's backed police and prosecutors over defendants. She's upheld assertions of free speech and religion.Not easily pigeonholed, Sotomayor has...

Pulte Homes' purchase of Centex moves forward, APFN

May 26, 2009 1:19 pm | by The Associated Press | News | Comments

BLOOMFIELD HILLS, Mich. (AP) — The plan for homebuilder Pulte Homes Inc. to buy Centex Corp. is another step closer to reality with the expiration of a mandatory regulatory waiting period.Pulte announced in April its plans to buy Dallas-based Centex for $1.3 billion in stock in a deal that will...

Conference committee adopts budget, 1st Ld-Writethru, TX

May 26, 2009 1:19 pm | by The Associated Press | News | Comments

AUSTIN, Texas (AP) — A team of House and Senate negotiators signed off Tuesday on a $182 billion state budget, paving the way for the massive document's final trip to each chamber and then the governor's desk.The budget, which depends on $12.1 billion from the federal economic stimulus money, pays...

Analysis: Ethnic politics boost Sotomayor chances, 1st Ld-Writethru, US

May 26, 2009 1:13 pm | by JULIE HIRSCHFELD DAVIS - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — On the often bumpy road to confirmation to the nation's highest court, Sonia Sotomayor has a crucial dynamic smoothing her path: ethnic politics.Republicans, at sea as a party and having lost ground with Hispanic voters, the fastest-growing segment of the population, will have a...

Crude oil futures end at mid-$62 range in N.Y., highest since early Nov.+

May 26, 2009 1:13 pm | by The Associated Press | News | Comments

NEW YORK, May 26 (Kyodo) — Crude oil futures in New York rose Tuesday in line with a surge in stocks, with the key contract ending at the mid-$62 level per barrel, the highest since early November last year.The July contract for West Texas Intermediate crude ended at $62.45 per barrel on the New...


Fla. TaxWatch finds only $15 million in 'turkeys', 3rd Ld-Writethru, FL

May 26, 2009 1:13 pm | by BILL KACZOR - Associated Press Writer - Associated Press | News | Comments

TALLAHASSEE, Fla. (AP) — A state financial watchdog group has recommended that only $15 million in spending "turkeys" get the veto ax Wednesday, when Gov. Charlie Crist says he'll sign the state's next budget into law.That's the lowest amount since 2003 when Florida TaxWatch found no turkeys. While...

HL:Lifestyles, Health and Travel stories for the week of May 25-29@

May 26, 2009 1:13 pm | by The Associated Press | News | Comments

Eds: Here are the Health, Lifestyles and Travel stories for this week by The Canadian Press and The Associated Press. Additional stories will be listed in the daily Lifestyles budget advisory.If you have any questions, please call Health-Lifestyles editor Anne Tobin at 416-507-2141.Monday, May...

Contract carrier sentenced for role in mail heist, WV

May 26, 2009 1:13 pm | by The Associated Press | News | Comments

HUNTINGTON, W.Va. (AP) — A West Virginia contract postal carrier has been sentenced to home confinement for three months for helping steal $13,000 from a mail delivery.The U.S. Attorney's Office for the Southern District of West Virginia says Edward Junior Jackson also was ordered to pay $12,340 in...

Ireland demands Catholic orders reveal finances, EU

May 26, 2009 1:13 pm | by SHAWN POGATCHNIK - Associated Press Writer - Associated Press | News | Comments

DUBLIN (AP) — Irish leaders declared Wednesday that the secretive Catholic orders responsible for abusing children in workhouse-style schools must pay a greater share of compensation for victims and reveal the true scope of their assets.Prime Minister Brian Cowen has demanded face-to-face...

HL:Bottled water, plastic bag industries take B.C. city to task over proposed bans@

May 26, 2009 1:13 pm | by Andrew Bergland@Associated Press | News | Comments

DAWSON CREEK, B.C. — There is a row growing over recycling, and a northern B.C. city's proposal to reduce the use of bottled water and plastic bags.Proponents of both industries are on the offensive against the idea being pondered by Dawson Creek city council, arguing that banning their products...

HL:NWT communities call on Alberta to halt oilsands over water pollution fears@

May 26, 2009 1:13 pm | by Bob Weber@Associated Press | News | Comments

Concerned that the oilsands threaten their wildlife and rivers, northern communities want the Alberta government to shut down further activity until it works out an environmental deal with the Northwest Territories.All 33 of the territory's cities, towns and hamlets — most of which are on water...

Meltdown 101: Deficits raise financing worries, 1st Ld-Writethru, US

May 26, 2009 1:13 pm | by MARTIN CRUTSINGER - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — The federal government is being forced to greatly expand its sales of Treasury bills, notes and bonds to cover a deficit that is projected to soar this year to eye-popping levels. So far all that new debt had been sold at low interest rates as investors have preferred the safety...


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