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Trustees approve $42M in cuts to UF budget, 1st Ld-Writethru, FL

May 26, 2009 1:44 pm | by The Associated Press | News | Comments

GAINESVILLE, Fla. (AP) — Trustees of the University of Florida approved $42.2 million in budget cuts Tuesday, as school officials face the greatest funding crisis in almost four decades.The trustees voted unanimously on the cuts by voice vote during a telephone conference call.While the cuts are...

NASCAR holds town hall meeting with drivers, 2nd Ld-Writethru, CAR

May 26, 2009 1:44 pm | by JENNA FRYER - AP Auto Racing Writer - Associated Press | News | Comments

CONCORD, N.C. (AP) — NASCAR chairman Brian France held two town hall meetings Tuesday with the sport's "stakeholders" to discuss everything from its toughened drug policy to the economy, competition and fan interest."I learned a long time ago if you get everybody involved, they can't complain,"...

Key trucking index shows demand still falling, APFN

May 26, 2009 1:44 pm | by The Associated Press | News | Comments

NEW YORK (AP) — The trucking industry's main trade group said Tuesday a key index measuring U.S. trucking shipments fell by 2.2 percent last month, indicating the industry — and perhaps the broader economy — still has further to fall.Trucking shipment data is often a gauge of overall economic...

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INDEX:Business, Construction, Economy, Fisheries, International, Politics, RealEstate, Travel@

May 26, 2009 1:44 pm | by The Associated Press | News | Comments

OTTAWA — Construction work has been slow to begin on 12 key projects announced in the Jan. 27 federal budget, a survey by The Canadian Press shows.Each project is entirely within the federal sphere, requiring no participation by the provinces or municipalities — and therefore facing fewer...

Wis. train crash investigation could take months, 3rd Ld-Writethru, WI

May 26, 2009 1:44 pm | by CARRIE ANTLFINGER - Associated Press Writer - Associated Press | News | Comments

MILWAUKEE (AP) — Police said Tuesday it could take months to finish investigating a freight train and minivan crash that injured an Elm Grove police officer and another man.A 94-car train slammed into a minivan stuck on railroad tracks Monday morning in suburban Milwaukee, where people were waiting...

Cree raises 4Q outlook on stronger booking trends, APFN

May 26, 2009 1:43 pm | by The Associated Press | News | Comments

DURHAM, N.C. (AP) — LED lighting company Cree Inc. boosted its fourth-quarter revenue guidance late Tuesday on stronger-than-expected booking trends, sending shares higher in after-hours trading.Cree shares jumped $2.58, or 9.3 percent, to $30.35 in aftermarket trading, after gaining $1.19, or 4.5...

Sales Achievement In 2008

May 26, 2009 1:39 pm | News | Comments

Mouser Electronics , Inc., known for its rapid introduction of the newest products, today announced it was given a Sales Achievement award for 2008 by NKK Switches at the annual Electronics Distribution Show (EDS) in Las Vegas

Some SD fields need rain, SD

May 26, 2009 1:38 pm | by The Associated Press | News | Comments

SIOUX FALLS, S.D. (AP) — The weekly crop report from the Agriculture Department shows some parts of South Dakota could use rain.Twenty-seven percent of the state was rated short of topsoil moisture to start the week. Nearly all areas of the state report below-normal precipitation since April 1,...

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Target pushes basics to reverse sales slide, 1st Ld-Writethru, US

May 26, 2009 1:38 pm | by ANNE D'INNOCENZIO - AP Retail Writers - Associated Press | News | Comments

NEW YORK (AP) — Target Corp. is going bananas to keep up with Wal-Mart Stores Inc.The discounter, known for stylish towels and jeans, has long sold groceries. But it is barely holding onto its customers while its chief rival, Wal-Mart, is rapidly picking up new shoppers as its powerful low-cost...

56 swine flu cases now confirmed in NJ, 3rd Ld-Writethru, NJ

May 26, 2009 1:38 pm | by BETH DeFALCO - Associated Press Writer - Associated Press | News | Comments

TRENTON, N.J. (AP) — The number of swine flu cases in New Jersey has more than doubled since last week, with the total number of confirmed cases rising to 56, state health officials said Tuesday.The state has confirmed 31 new cases of the H1N1 influenza since Thursday in 11 of the state's 21...

Take-Two posts 2Q loss as revenue falls 57 pct, APFN

May 26, 2009 1:38 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Take-Two Interactive Software Inc. reported a loss for the fiscal second quarter on Tuesday as revenue fell by 57 percent in part due to the absence of a blockbuster video game release.The New York-based video games developer lost $10.1 million, or 13 cents per share, for the...

A tale of 2 retailers: Wal-Mart vs. Target, US

May 26, 2009 1:38 pm | by The Associated Press | News | Comments

Wal-Mart's low-price message and emphasis on necessities are helping the world's largest retailer grab new customers around the globe in a recession, while Target — with greater emphasis on trendy merchandise — has been struggling to hold on to its shoppers and is now turning to groceries for...

Prospect Capital raises $64M from stock offering, APFN

May 26, 2009 1:38 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Investment firm Prospect Capital Corp. said Tuesday it has raised $64 million in gross proceeds from its public offering of roughly 7.8 million shares of common stock.Prospect plans to use the net proceeds of this offering to maintain its liquidity by either repaying debt or...

HL:Lots of announcements, but little money flows in federal stimulus@

May 26, 2009 1:38 pm | by Dean Beeby@Associated Press | News | Comments

OTTAWA — Few shovels have hit the ground in urgent construction work the federal government promised four months ago to help goose Canada's ailing economy, a survey shows.The Canadian Press examined a group key infrastructure projects, worth $462 million this year, that were outlined in January's...

LDK to develop 5 photovoltaic plants in Italy, APFN

May 26, 2009 1:38 pm | by The Associated Press | News | Comments

LDK Solar Co. Ltd. said Tuesday that it plans to develop five photovoltaic plants in Italy in partnership with system integrator ESPE Srl.LDK, a maker of multicrystalline solar wafers that go into solar cells, said the plants will be in the Apulia region and generate a total of 5 megawatts. LDK...

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