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Dollar slides as stocks rally on renewed optimism

May 18, 2009 1:32 pm | by The Associated Press | News | Comments

NEW YORK (AP) — The dollar dropped against the euro and the pound Monday after a better-than-expected profit report from Lowe's Cos. and an uptick in homebuilder sentiment revived investors' confidence in an economic rebound.The 16-nation euro advanced to $1.3534 in late New York trading from...

Huntsman: US-China relationship most important, 4th Ld-Writethru, UT

May 18, 2009 1:32 pm | by BROCK VERGAKIS - Associated Press Writer - Associated Press | News | Comments

SALT LAKE CITY (AP) — Utah Gov. Jon Huntsman — newly nominated to serve as the United States' ambassador to China — said Monday he and President Barack Obama believe the U.S. relationship with China is its most important one in the world.Huntsman, a popular Republican governor who just started his...

American Apparel posts $9 million loss in 1Q, APFN

May 18, 2009 1:32 pm | by The Associated Press | News | Comments

LOS ANGELES (AP) — American Apparel Inc. said Monday it posted a first-quarter loss amid lower same-store sales and higher expenses, and shares slid in aftermarket trading after the retailer lowered its yearly revenue outlook.The stock sank $1.07, or 19.6 percent, to $4.40 in aftermarket trading,...

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HL:Another big grocery chain to charge for plastic and paper bags@

May 18, 2009 1:32 pm | by Tamara King@Associated Press | News | Comments

TORONTO — Another major grocery store chain will soon ask shoppers in Ontario and Quebec to spend a nickel for each throwaway plastic bag, a practice that environmentalists believe will soon become the norm at supermarkets nationwide.Metro Inc. (TSX:MRU.A), which operates nearly 600 stores, is set...

UIL Holdings plans to offer 4 million shares, APFN

May 18, 2009 1:32 pm | by The Associated Press | News | Comments

NEW HAVEN, Conn. (AP) — UIL Holdings Corp. said on Monday it would offer about 4 million shares of stock.The offering would raise almost $96.1 million, based on the utility's Monday closing share price of $24.02 before the planned offering was announced.UIL, the New Haven-based holding company for...

Here's Chucky: Gruden replaces Kornheiser on MNF, 2nd Ld-Writethru, APFN

May 18, 2009 1:32 pm | by BEN WALKER - AP National Writer - Associated Press | News | Comments

Monday Night Football tried a Cowboy, a comic, a columnist and a Cosell. To fill the latest vacancy in the broadcast booth, ESPN went with a winning formula — a coach, and a Super Bowl champion at that.Fresh off getting fired by the Tampa Bay Buccaneers, Jon Gruden was hired to replace Tony...

Treasury prices fall as stock market jumps

May 18, 2009 1:32 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Treasurys lost ground Monday as investors grew more confident about the housing market and banking industry.A better-than-expected earnings report from the home improvement retailer Lowe's encouraged investors to pull money out of Treasurys and put it into stocks. Stocks also got a...

Daily Summary May 18, 2009. MIDWEST CATTLE Direct Trade: In the direct slaughter cattle trade in the Five Major Marketing Areas,, WI

May 18, 2009 1:32 pm | by The Associated Press | News | Comments

Texas/Oklahoma; Kansas; Nebraska; Colorado; Iowa/Minnesota: Not enough salesfor an adequate market trend.Steers: Live Basis: (all grades 0 head).Dressed Basis; (all grades 0 head).Heifers: Live Basis: (all grades 36 head) 85.50.Dressed Basis; (all grades 0 head). Auction markets: Not tested.CATTLE...

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Nader: Automaker restructuring needs more scrutiny, 1st Ld-Writethru, US

May 18, 2009 1:32 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Ralph Nader called on Congress to hold hearings into dealership and factory closures at automakers Chrysler LLC and General Motors Corp. before "irreversible measures" are taken.The consumer activist and former presidential candidate sent a letter Monday to Democrats Sen. Chris Dodd...

Charles H. Johnson & Associates Announces Filing of Securities Class Action Against Sequenom, Inc.

May 18, 2009 1:32 pm | by GLOBE NEWSWIREAssociated Press | News | Comments

MINNEAPOLIS, May 19, 2009 (GLOBE NEWSWIRE) — Charles H. Johnson & Associates announces that a class action has been commenced in the United States District Court for the Southern District of California on behalf of purchasers of Sequenom, Inc. ("Sequenom" or the "Company") (Nasdaq:SQNM) publicly...

Schwarzenegger heads to D.C. for Election Day, 1st Ld-Writethru, CA

May 18, 2009 1:32 pm | by SAMANTHA YOUNG - Associated Press Writer - Associated Press | News | Comments

SACRAMENTO (AP) — Gov. Arnold Schwarzenegger will skip Election Day campaigning so he can be in Washington, D.C., to help President Barack Obama announce new vehicle fuel-efficiency standards.Schwarzenegger spokesman Aaron McLear said the Republican governor cast an emergency vote-by-mail ballot on...

US Supreme Court to decide on anti-fraud law, 2nd Ld-Writethru4, US

May 18, 2009 1:26 pm | by MARCY GORDON - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — The U.S. Supreme Court will rule on the validity of a landmark anti-fraud law that served as Congress' response to the wave of corporate scandals starting with Enron.The justices said Monday they will consider a constitutional challenge to the 2002 Sarbanes-Oxley law from...

TD Ameritrade April client trades grew 36 percent, APFN

May 18, 2009 1:26 pm | by The Associated Press | News | Comments

OMAHA, Neb. (AP) — Online brokerage TD Ameritrade Holding Corp. said Monday its average client trades per day grew 36 percent in April from the same month a year earlier, to 390,000.Client assets totaled about $244 billion as of April 30, down 24 percent from April 2008 and up 9 percent from March...

Fitch Rates New York City's $790MM GOs 'AA-'; Outlook Stable Business Editors

May 18, 2009 1:26 pm | by The Associated Press | News | Comments

NEW YORK-- (BUSINESS WIRE) — May 18, 2009-- Fitch Ratings has assigned an 'AA-' rating to New York City's (the city) $790 million general obligation (GO) bonds fiscal 2009 series J, consisting of the following:--$600 million tax-exempt bonds, subseries J-1;--$190 million taxable bonds, subseries...

Ariz. seeks stimulus funding for energy projects, AZ

May 18, 2009 1:26 pm | by The Associated Press | News | Comments

PHOENIX (AP) — Arizona is applying for $55 million of federal stimulus money for energy projects.Gov. Jan Brewer's office announced Monday that she has submitted the state's application to the U.S. Department of Energy through the American Recovery and Reinvestment Act.The largest single portion of...

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