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GM exports would be step up for China automakers

May 17, 2009 8:04 pm | by ELAINE KURTENBACH - AP Business Writer - Associated Press | News | Comments

SHANGHAI (AP) — China's auto industry has come a long way since General Motors Corp. set up its first factory here in a brand new industrial zone in Shanghai just over a decade ago.With monthly vehicle sales topping those in the U.S. so far this year, China is now an auto power in its own right —...

NYTimes columnist admits using blogger's words

May 17, 2009 7:24 pm | by The Associated Press | News | Comments

NEW YORK (AP) — New York Times columnist Maureen Dowd has admitted to using a paragraph virtually word-for-word from a prominent liberal blogger without attribution.Dowd acknowledged the error in an e-mail to the Huffington Post on Sunday, the Web site reported. The Times corrected her column...

Constellation supports House climate change bill

May 17, 2009 2:21 pm | by The Associated Press | News | Comments

BALTIMORE (AP) — Constellation Energy says it supports the climate change bill introduced Friday by the House Energy Committee.Constellation Energy Group Inc. Chairman, President and Chief Executive Mayo Shattuck said in a statement Sunday that the bill outlines needed steps to cut greenhouse gas...

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British Airways to fly Las Vegas-London direct

May 17, 2009 1:25 pm | by The Associated Press | News | Comments

LAS VEGAS (AP) — More Britons may be heading to Las Vegas this fall.British Airways says it is adding a new nonstop daily flight between McCarran International Airport in Las Vegas and London's Heathrow Airport. The service will begin in late October.Airline officials say they consider Las Vegas a...

Stock rally stalls as investors await new catalyst

May 17, 2009 9:53 am | by STEPHEN BERNARD - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — The stock market has run out of reasons to rally, at least for now.After a two-month surge that saw the Dow Jones industrials average soar 31 percent and the Standard & Poor's 500 index shoot up 37 percent, investors gave up some of those gains last week. As the new week begins,...

These cars have got to go: Dealer cuts mean deals

May 17, 2009 9:23 am | by TOM KRISHER - AP Auto Writer - Associated Press | News | Comments

DETROIT (AP) — At 789 Chrysler lots across America sit 44,000 potential bargains, cars and trucks that are stuck between shellshocked dealers and a troubled company that no longer wants their services.The dealers have just a few weeks to sell the Chryslers, Dodges and Jeeps or risk losing thousands...

Retailers, service cos. gain as people stay home

May 17, 2009 8:52 am | by LISA CORNWELL - Associated Press Writer - Associated Press | News | Comments

CINCINNATI (AP) — As Americans grow accustomed during the recession to spending more time at home and living in the same places longer, home-improvement companies are regaining momentum."My wife and I had thought of this as more of an in-between house," said Scott Nichols, 50, who had considered...

Court case reveals ugly infighting at Motorola

May 17, 2009 8:42 am | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

It's a white-collar worker's nightmare: giving a presentation that gets you fired.It happened to the chief financial officer of Motorola Inc. this year. And the lawsuit he filed afterward provides a rare peek into dysfunctional relationships at the top of a major company.Motorola has gone so far as...

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Jordan, Shell reach oil exploration deal

May 17, 2009 5:56 am | by DALE GAVLAK - Associated Press Writer - Associated Press | News | Comments

SOUTHERN SHUNEH, Jordan (AP) — Jordan and Royal Dutch Shell PLC signed a concessionary agreement Sunday to explore for oil in the country's vast oil shale deposits.Jordanian Oil Minister Khaldoun Qteishat and Shell Vice Chairman Malcolm Brinded signed the deal on the sidelines of the World Economic...

MAN board member under investigation

May 17, 2009 4:05 am | by The Associated Press | News | Comments

BERLIN (AP) — A member of German truck maker MAN AG's executive board said Sunday he is among the 100 people under investigation for alleged bribery and has asked to be temporarily relieved of his duties.Perter Erichreineke said in a statement he was among those at the company who have been under...

Nigerian militants destroy 2 oil pipelines

May 17, 2009 3:25 am | by The Associated Press | News | Comments

LAGOS, Nigeria (AP) — Nigeria's main militant group says it has destroyed two oil pipelines in the southern Niger Delta during the region's worst outbreak of violence in months.The Movement for the Emancipation of the Niger Delta gave no further details on the attacks in its Sunday announcement.It...

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...

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