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Malaysia forecasts deeper recession, AS

May 27, 2009 3:31 am | by The Associated Press | News | Comments

PUTRAJAYA, Malaysia (AP) — Malaysia's prime minister says a recession this year will be worse than expected with the economy expected to shrink between 4 and 5 percent.The government had previously forecast Malaysia's economy to contract 1 percent.Prime Minister Najib Razak says the government had...

IBM putting up to $3 billion toward IT financing, APFN

May 27, 2009 3:31 am | by The Associated Press | News | Comments

ARMONK, N.Y. (AP) — IBM Corp. said Wednesday that its lending and leasing business unit will make up to $3 billion available for the financing of information technology projects in Europe and Asia.The move follows a similar action by IBM Global Financing late last month, when the division announced...

NH GT Solar's chief financial officer resigns, NH

May 27, 2009 3:26 am | by The Associated Press | News | Comments

MERRIMACK, N.H. (AP) — GT Solar International Inc., a Merrimack, N.H., company that makes equipment and technology for the solar power industry, said that its chief financial officer, Robert Woodbury, has resigned for personal reasons.Woodbury's resignation was effective Tuesday. He has served as...


AutoZone 3Q profit climbs on brisk parts sales, 3rd Ld-Writethru, US

May 27, 2009 3:26 am | by DAN STRUMPF - AP Auto Writer - Associated Press | News | Comments

NEW YORK (AP) — Automotive parts retailer AutoZone Inc. on Wednesday said its fiscal third-quarter profit climbed 9.5 percent, helped by an increase in replacement-part sales as consumers held onto their cars longer.AutoZone and other parts retailers have benefited from the slowdown in the economy...

Staples profit falls 33 percent in 1st quarter

May 27, 2009 3:25 am | by ASHLEY M. HEHER - AP Retail Writer - Associated Press | News | Comments

CHICAGO (AP) — Recession-weary customers are still putting off big-ticket purchases from office-supply chain Staples Inc., but the retailer said it's beginning to see smaller declines in foot traffic and sales to small businesses.The chain's tepid first-quarter results, released Wednesday, show the...

FTSE-100 index up 4.51 points at 4,416.23, 1st Ld-Writethru, EU

May 27, 2009 3:25 am | by The Associated Press | News | Comments

LONDON (AP) — Share prices on the London Stock Exchange closed higher Wednesday.The FTSE-100 share index closed up 4.51 points at 4,416.23.

Malaysia jails Singapore's most wanted militant for 2 years+

May 27, 2009 3:20 am | by The Associated Press | News | Comments

KUALA LUMPUR, May 27 (Kyodo) — Malaysia on Wednesday jailed an Islamic militant wanted for plotting terrorism acts in Singapore for two years under a security law.Prime Minister Najib Abdul Razak said Mas Selamat, who was captured in Malaysia on April 1, more than a year after he fled from a high...

Zale names Matthew Appel as CFO, executive VP, APFN

May 27, 2009 3:20 am | by The Associated Press | News | Comments

DALLAS (AP) — Jewelry retailer Zale Corp. said Wednesday that it named Matthew Appel as chief financial officer and executive vice president.Appel, 53, takes over from interim CFO Cindy Gordon, who took on the role when Rodney Carter resigned in January. Gordon also maintained her controller duties...


Iraqi Kurdish oil exports to start Sunday, ML

May 27, 2009 3:14 am | by The Associated Press | News | Comments

BAGHDAD (AP) — Iraq's central government says exports of crude oil from two fields in the country's northern autonomous Kurdish region will begin Sunday.The development marks a bid to resolve a standoff between Kurdish and government authorities in Baghdad over how to manage Iraq's oil resources.A...

FDA extends review on J & J psoriasis drug candidate, APFN

May 27, 2009 3:14 am | by The Associated Press | News | Comments

NEW YORK (AP) — Johnson & Johnson said late Tuesday that regulators have extended a review period on a drug candidate intended to treat psoriasis.The Food and Drug Administration will take up to three more months to review the application for Stelara, although it did not ask for any new clinical...

Spanish court to investigate prominent judge, EU

May 27, 2009 3:14 am | by The Associated Press | News | Comments

MADRID (AP) — The Spanish Supreme Court says it will investigate the country's most prominent judge for allegedly acting without jurisdiction in undertaking an inquiry of civil war-era crimes.The court says it will study a complaint against Judge Baltasar Garzon.It said Wednesday the complaint was...

OTI Reports First Quarter 2009 Financial Results

May 27, 2009 3:07 am | by GLOBE NEWSWIREAssociated Press | News | Comments

FORT LEE, N.J., May 27, 2009 (GLOBE NEWSWIRE) — On Track Innovations Ltd. (OTI) (Nasdaq:OTIV), a global leader in contactless microprocessor-based smart card solutions for homeland security, payments, petroleum payments and other applications, today announced its consolidated financial results for...

DOT Resources Reports First NI 43-101 Resource Estimate

May 27, 2009 3:07 am | by The Associated Press | News | Comments

DOT Resources Ltd. (TSX VENTURE: DOT) ("DOT" or the "Corporation") is pleased to announce that it has received the results of the first independent Mineral Resource Estimate ("Mineral Resource") at its 4,800 acre, 100% owned DOT porphyry copper +/- molybdenum, gold, silver property (the "Property")...

Yorbeau Commences Drilling with Two Rigs

May 27, 2009 3:07 am | by The Associated Press | News | Comments

Yorbeau Resources, Inc. ("Yorbeau") (TSX: YRB.A) is pleased to report that it has initiated drilling on the Cinderella East target of its Rouyn property. Two diamond drill rigs are operating to extend the zone of high grade gold mineralization discovered in this area during the Company's 2008...

Says Retrevo Gadetology Survey Business Editors/Technology Editors

May 27, 2009 3:07 am | by The Associated Press | News | Comments

SUNNYVALE, Calif.-- (BUSINESS WIRE) — May 27, 2009-- The response was overwhelmingly positive: consumer electronics are not only acceptable wedding gifts, they're the gift of choice, according to the new Retrevo(R) Gadgetology study that reveals how people feel about giving and receiving consumer...


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