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Humanity's earliest written works go online

April 21, 2009 8:46 am | by ANGELA CHARLTON - Associated Press Writer - Associated Press | News | Comments

PARIS (AP) — National libraries and the U.N. education agency put some of humanity's earliest written works online Tuesday, from ancient Chinese oracle bones to the first European map of the New World.U.S. Librarian of Congress James Billington said the idea behind the World Digital Library is not...

Britain wins EU OK to guarantee banks' securities

April 21, 2009 8:36 am | by The Associated Press | News | Comments

BRUSSELS (AP) — Britain won European Union regulatory approval Tuesday to guarantee up to 50 billion pounds ($73 billion) of banks' bad assets, part of the government's program urging banks to step up lending.The EU's antitrust chief Neelie Kroes said she was satisfied that the program would help...

Moody's may cut Ireland's gov't-insured bank debts

April 21, 2009 8:30 am | by SHAWN POGATCHNIK - Associated Press Writer - Associated Press | News | Comments

DUBLIN (AP) — Ratings agency Moody's warned Tuesday it soon could cut its credit grades on the government-insured debts of all six locally owned banks in Ireland, citing growing concerns about the country's ability to keep funding its own debts.The action came on a day when Ireland's debt managers,...

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Motor Coach emerges from bankruptcy protection

April 21, 2009 8:20 am | by JAMES MacPHERSON - Associated Press Writer - Associated Press | News | Comments

BISMARCK, N.D. (AP) — Motor Coach Industries Inc., which makes commuter buses and luxury motor coaches, says it has emerged from Chapter 11 bankruptcy protection with a new majority owner.The Schaumburg, Ill.-based company operates a bus plant in Pembina, in northeast North Dakota that employs...

Earnings Preview: The Hershey Co.

April 21, 2009 7:39 am | by The Associated Press | News | Comments

HARRISBURG, Pa. (AP) — Hershey, the nation's second-leading candy maker, reports earnings for the first quarter on Thursday morning. The following is a summary of key developments related to the period.OVERVIEW: The Hershey Co. has put together a string of three strong quarters and appears to have...

Earnings Preview: Marriott International Inc.

April 21, 2009 7:39 am | by The Associated Press | News | Comments

NEW YORK (AP) — Hotel operator Marriott International Inc. reports earnings for its fiscal first quarter on Thursday. The following is a summary of key developments and analyst opinion related to the 12-week period that ended March 27.OVERVIEW: The hotel industry faces a difficult environment as...

Earnings Preview: Royal Caribbean

April 21, 2009 7:34 am | by KRISTEN A. LEE - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Cruise operator Royal Caribbean Cruises Ltd. reports earnings for its first quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.OVERVIEW: Royal Caribbean's first quarter encompassed the cruise industry's all-important "wave...

Earnings Preview: Philip Morris International

April 21, 2009 7:24 am | by MICHAEL FELBERBAUM - AP Business Writer - Associated Press | News | Comments

RICHMOND, Va. (AP) — Philip Morris International Inc. is scheduled to report first-quarter results Thursday. The following is a summary of key developments and analyst opinion related to the period.OVERVIEW: Cigarette maker Philip Morris International — which sells Marlboros, L&M, Parliament and...

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Coach fiscal 3Q profit falls 29 percent

April 21, 2009 7:09 am | by MAE ANDERSON - AP Retail Writer - Associated Press | News | Comments

NEW YORK (AP) — Coach Inc., which makes luxury handbags and accessories, said Tuesday that profit fell 29 percent in its fiscal third quarter as sales were nearly flat in the recession. The company indicated, however, that weak traffic has stabilized.That news as well as the initiation of a new...

Germany aims for solution to banks' bad assets

April 21, 2009 6:43 am | by The Associated Press | News | Comments

BERLIN (AP) — The German government plans to put legislation in place soon that would allow banks to rid their balance sheets of assets that have turned sour in the financial crisis, officials said Tuesday.The government has been pondering for weeks how to go about moving the assets off balance...

Citi shareholders mad, but take it a little more

April 21, 2009 6:13 am | by The Associated Press | News | Comments

NEW YORK (AP) — Five hours and dozens of angry speakers into Citigroup Inc.'s annual meeting Tuesday, a long line of shareholders still waited at the microphone for their chance to vent.Everything was fair game — from executive pay to the company's decision to sponsor the Mets' new baseball...

GM, Chrysler to get $5.5B more in government loans

April 21, 2009 6:07 am | by The Associated Press | News | Comments

DETROIT (AP) — General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race against government-imposed deadlines to restructure, according to a government report filed Tuesday.The quarterly report by a special inspector general...

GM to end most production at Wyoming, Mich., plant

April 21, 2009 5:47 am | by The Associated Press | News | Comments

NEW YORK (AP) — General Motors Corp. says it will shut down most of its operations at its metal stamping plant in suburban Grand Rapids, Mich., earlier than originally anticipated.GM spokesman Chris Lee says employees at the Wyoming plant were told last week that the plant's stamping operations...

United Airlines parent lost $382 million in 1Q

April 21, 2009 5:32 am | by JOSHUA FREED - AP Airlines Writer - Associated Press | News | Comments

MINNEAPOLIS (AP) — United Airlines said Tuesday it lost $382 million during the first quarter as it raced passengers to see who could pull back faster on flying. Passengers won, though United has been aggressively cutting costs to try to keep up.United reduced flying by 11.3 percent during the...

Terra declares 10-cent dividend

April 21, 2009 5:27 am | by The Associated Press | News | Comments

SIOUX CITY, Iowa (AP) — Fertilizer company Terra Industries Inc. on Tuesday declared a dividend of 10 cents per share.The dividend will be paid on June 9 to shareholders of record as of May 20, Terra said.

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