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CommScope falls after announcing note, share offer, APFN

May 21, 2009 9:34 am | by The Associated Press | News | Comments

NEW YORK (AP) — CommScope Inc. shares sank Thursday afternoon after the network infrastructure company said it would offer 8 million common shares and $200 million in senior subordinated notes due 2015.Shares of CommScope fell $2.61, or 10.4 percent, to $22.42, in the first day of trading after the...

HL:Nuclear safety watchdog seeking expertise in reactors made by AECL's competitors@

May 21, 2009 9:34 am | by The Associated Press | News | Comments

OTTAWA — A bid by Atomic Energy of Canada Ltd. to build two nuclear reactors in Ontario may not be such a slam dunk after all.A government document shows Canada's nuclear-safety watchdog is quietly seeking expertise in the kind of reactors used by AECL's competitors.The Canadian Nuclear Safety...

Detroit Mayor confident on votes for Cobo deal, APFN

May 21, 2009 9:34 am | by COREY WILLIAMS - Associated Press Writer - Associated Press | News | Comments

BIRMINGHAM, Mich. (AP) — Newly elected Detroit Mayor Dave Bing believes he has the votes on the city council to push through what could be a last-minute expansion plan for aging Cobo Center.Details of Bing's plan have not been released, but it is similar to a $288 million proposal being brokered in...


Unemployment drops in Wisconsin to 8.8 percent, 1st Ld-Writethru, WI

May 21, 2009 9:29 am | by The Associated Press | News | Comments

MADISON, Wis. (AP) — Unemployment in Wisconsin dropped slightly to 8.8 percent in April, according to state figures released Thursday.The rate was down from 9.4 percent in March, the state Department of Workforce Development said. The agency estimated about 17,000 more people had a job in April...

Sector Snap: Cosmetics companies, APFN

May 21, 2009 9:29 am | by The Associated Press | News | Comments

NEW YORK (AP) — An analyst began coverage of cosmetics and personal care companies Thursday, saying they face a tough year but remain attractive long-term investments driven by aging populations and developing markets.Stifel Nicolaus & Co. analyst Mark Astrachan gave Avon Products Inc., Alberto...

Ecclestone will side with FIA vs. Ferrari over cap, 1st Ld-Writethru, CAR

May 21, 2009 9:29 am | by PAUL LOGOTHETIS - AP Auto Racing Writer - Associated Press | News | Comments

MONACO (AP) — Bernie Ecclestone is siding with governing body FIA in the push to introduce a Formula One budget cap in 2010.Ecclestone, who owns F1's commercial rights, said Thursday that he doesn't expect the sides to reach a settlement."Formula One will continue no matter what, we have a contract...

Philly passes $3.8B budget, awaits state approval, PA

May 21, 2009 9:28 am | by The Associated Press | News | Comments

PHILADELPHIA (AP) — Philadelphia City Council has approved a $3.8 billion budget that depends on state approval of a one-cent sales tax hike in the city.Council unanimously approved the plan Thursday. Mayor Michael Nutter supports it.The budget calls for deferring a portion of the city's pension...

9 to 14 tropical storms seen for US this season, US

May 21, 2009 9:28 am | by RANDOLPH E. SCHMID - AP Science Writer - Associated Press | News | Comments

WASHINGTON (AP) — Hurricanes will strike the United States this season, and Americans must be prepared, federal forecasters said Thursday. They predicted nine to 14 named tropical storms this year.Current projections call for a near normal year for hurricanes, Gerry Bell, lead Atlantic hurricane...


HL:Aeroplan says it doesn't fear Air Canada court filing or WestJet flyer program@

May 21, 2009 9:28 am | by Ross Marowits@Associated Press | News | Comments

MONTREAL — As it looks to spread its wings through acquisitions, loyalty rewards program Group Aeroplan (TSX:AER) said it is not overly worried about taking a hit from cash-strapped Air Canada (TSX:AC.B) or WestJet Airlines' introduction of a rival program later this year.While conceding to...

Deadly tribal clashes intensify in South Sudan, 3rd Ld-Writethru, ML

May 21, 2009 9:28 am | by SARAH EL DEEB - Associated Press Writer - Associated Press | News | Comments

CAIRO (AP) — An intense flare-up of tribal clashes in southern Sudan over the last three months has killed about 900 people and could threaten upcoming elections crucial to preserving the peace deal that ended civil war with the north, aid workers and U.N. officials said.If violence keeps up at the...

Patriot Energy and Marmara Motorlu Issues Joint Press Release

May 21, 2009 9:21 am | by The Associated Press | News | Comments

Patriot Energy Corporation (PINKSHEETS: PGYC) and the Alcoses Group, the holding company of Marmara Motorlu released a joint press release today.Alcoses Group, the Holding company of Marmara Motorlu reaffirmed its offer to acquire 100% of the outstanding stock of Patriot Energy Corp. at a price of...

WordLogic: Corporate Update

May 21, 2009 9:21 am | by The Associated Press | News | Comments

WordLogic Corporation (OTCBB: WLGC), a leading-edge technology company developing advanced methods of text and information entry, announces that immediately following the announcement of the Axios Report the Company has had numerous inquiries from potential partnerships to financings.The WordLogic...

LEAD: Chuo Univ. graduate arrested for killing his former teacher in Jan.+

May 21, 2009 9:20 am | by The Associated Press | News | Comments

TOKYO, May 22 (Kyodo) — (EDS: ADDING INFO)Police arrested a graduate of Chuo University on Thursday on suspicion of stabbing to death his former teacher at a Tokyo campus of the private university in January, police said.The suspect, Ryuta Yamamoto, a 28-year-old part-time worker from Hiratsuka,...

ContentType:Spot Development; ContentElement:FastStory; Breaking:True;, NE

May 21, 2009 9:13 am | by The Associated Press | News | Comments

OMAHA, Neb. (AP) — Since 1984, Union Pacific railroad has hauled enough coal out of northeast Wyoming to power all the homes in the U.S. for five years.The railroad recently loaded its 200,000th coal train in Wyoming's southern Powder River Basin.UP vice president Doug Glass says it's special that...

La. equal pay bill defeated by House, 1st Ld-Writethru, LA

May 21, 2009 9:13 am | by MELINDA DESLATTE - Associated Press Writer - Associated Press | News | Comments

BATON ROUGE, La. (AP) — A state mandate that would require businesses to give equal pay to men and women performing the same jobs was overwhelmingly defeated by the Louisiana House on Thursday, amid strong opposition from business groups.The 59-33 vote against the bill wasn't surprising. The House...


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