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Germany aims for Opel solution this week

May 25, 2009 3:49 am | by GEIR MOULSON - Associated Press Writer - Associated Press | News | Comments

BERLIN (AP) — Chancellor Angela Merkel said Monday that Germany aims to loosen European unit Opel's ties with troubled parent General Motors Corp. ahead of a possible Chapter 11 bankruptcy filing by GM.Merkel, whose government is examining three rival bids for German-based Adam Opel GmbH, indicated...

HL:Canadian dollar opens at 88.83 cents US, down 0.43 of a cent@

May 25, 2009 3:49 am | by The Associated Press | News | Comments

TORONTO — The Canadian dollar opened at 88.83 cents US this morning, down 0.43 of a cent from Friday's close. The U.S. dollar stood at C$1.1258, up 0.55 of a cent.Pound sterling worth C$1.7905 up 0.87 of a cent, and US$1.5904 down 0.01 of a cent.The Euro was worth C$1.5757, up 0.77 of a...

President: Ukraine economy may shrink 23 percent, EU

May 25, 2009 3:43 am | by The Associated Press | News | Comments

KIEV, Ukraine (AP) — Ukraine's economy may have contracted by 23 percent in the first three months of this year, President Viktor Yushchenko said Monday, calling it one of the fastest-shrinking economies in Europe.Ukraine's economy has been devastated by falling demand for its chief expert, steel,...


Philips acquires Italian espresso maker Saeco, EU

May 25, 2009 3:43 am | by The Associated Press | News | Comments

AMSTERDAM (AP) — Royal Philips Electronics NV said Monday it plans to acquire Saeco International Group SpA, Europe's largest maker of espresso machines, for an undisclosed sum.Based in Gaggio Montano, Italy, Saeco had sales of €318 million over the 12 months ended March 31, Philips said.Saeco...

NY sen. seeks crackdown on spam credit calls, NY

May 25, 2009 3:38 am | by The Associated Press | News | Comments

NEW YORK (AP) — U.S. Sen. Charles Schumer says he wants the federal government to stop companies that target consumers with automated calls pitching bogus credit card interest rates and mortgage scams.The New York Democrat said Monday he's sent a letter to Federal Trade Commission Chairman Jon...

LEAD: China 'resolutely opposed' to N. Korea's nuclear tests+

May 25, 2009 3:33 am | by The Associated Press | News | Comments

BEIJING, May 25 (Kyodo) — (EDS: ADDING DETAILS)China said Monday it was "resolutely opposed" to North Korea's second underground nuclear test, an action it said was in disregard of international opinion."The Chinese government is resolutely opposed to the Democratic People's Republic of Korea...

EU farmers protest collapse of milk prices, 3rd Ld-Writethru, EU

May 25, 2009 3:33 am | by RAF CASERT - Associated Press Writer - Associated Press | News | Comments

BRUSSELS (AP) — Dairy farmers created traffic chaos in Berlin, blocked milk processing plants in France and protested at EU headquarters in Brussels on Monday, seeking more aid to cope with a sharp drop in milk prices.EU farm ministers opened two days of talks Monday and were expected to discuss...

Obama: NKorea 'recklessly challenging' the world, 13th Ld-Writethru

May 25, 2009 3:23 am | by MERRILL HARTSON - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — President Barack Obama assailed North Korea Monday for new missile tests, saying the world must "stand up to" Pyongyang and demand that it honor a promise to abandon its nuclear ambitions.Appearing on the White House steps, Obama said that its latest nuclear underground test and...


IOC renews with Atos Origin as Games sponsor, 1st Ld-Writethru, OLY

May 25, 2009 3:17 am | by The Associated Press | News | Comments

LAUSANNE, Switzerland (AP) — The International Olympic Committee has signed technology services provider Atos Origin as a global sponsor until 2016.The value of the deal was not disclosed, but the Franco-Belgian company is believed to have paid around $80-$100 million to associate its brand with...

HL:Ballard dissolves Ebara Japanese power generation joint venture@

May 25, 2009 3:17 am | by Brenda Bouw@Associated Press | News | Comments

VANCOUVER — Ballard Power Systems (TSX:BLD) has dissolved a cogeneration joint venture for producing electricity and hot water in Japanese homes, saying it would take too long to develop the technology.The Vancouver-based fuel cell developer said it and partner Ebara Corp. of Japan both agreed to...

Spain: 2 dead in crush at African border crossing, 2nd Ld-Writethru, EU

May 25, 2009 3:12 am | by The Associated Press | News | Comments

MADRID (AP) — Two Moroccans were trampled to death and around 20 other people were injured Monday as a crowd pushed to cross into Morocco from the Spanish enclave of Ceuta, Spanish officials said.The cause of the border stampede was not immediately known, an official with the Spanish Interior...

Ex-con advised Cowboys on structure that collapsed, FBN

May 25, 2009 3:05 am | by The Associated Press | News | Comments

IRVING, Texas (AP) — The Dallas Cowboys used advice from a man who falsified his educational credentials and served federal prison time for drug trafficking to make major structural reinforcements to a practice facility whose collapse injured a dozen people.The Dallas Morning News reported Sunday...

Notice of Q1 Results Conference Call

May 25, 2009 3:05 am | by The Associated Press | News | Comments

Bio-Extraction Inc. (TSX VENTURE: BXI) will release its Q1 2009 financial results following the close of markets on May 28, 2009. Management will host a conference call on May 29 at 10:00 a.m. (Eastern Time) to review the financial results. Live Conference Call: --------------------- Dial-in...

Memorial Day also 30th anniversary of worst crash, IL

May 25, 2009 3:00 am | by The Associated Press | News | Comments

ELK GROVE VILLAGE, Ill. (AP) — Memorial Day this year is also the 30th anniversary of the worst single-plane disaster in the history of U.S. commercial aviation — the crash near O'Hare International Airport of American Airlines Flight 191.May 25, 1979, was the Friday leading into Memorial Day, and...

Abu Dhabi to open development of natural gas field, ML

May 25, 2009 3:00 am | by The Associated Press | News | Comments

DUBAI, United Arab Emirates (AP) — The head of the Abu Dhabi National Oil Company says four large tenders have been issued to develop a natural gas field in the emirate.In comments from a speech Monday carried by state news agency WAM, ADNOC CEO Yusuf bin Omeir bin Yusuf said the company would...


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