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Fraudster Ed May, blind, seeks release from prison

Sat, 25 May 2013 15:07:06 -0400

DETROIT - A 76-year-old suburban Detroit man convicted of a $200 million Ponzi scheme said he's lost virtually all his eyesight and wants to be released from prison while he pursues appeals.

Malloy seeks review of Conn. trash authority

Sat, 25 May 2013 09:11:23 -0400

HARTFORD, Connecticut - Gov. Dannel P. Malloy's administration is offering a bill in the final days of the legislative session that would require Connecticut's largest regional trash authority to undergo an extensive audit so the state can get a better handle on the organization's troubled finances.

Chile's Indians take on world's largest gold miner

Sat, 25 May 2013 08:19:43 -0400

EL CORRAL, Chile - The Diaguita Indians live in the foothills of the Andes, just downstream from the world's highest gold mine, where for as long as anyone can remember they've drunk straight from the glacier-fed river that irrigates their orchards and vineyards with its clear water.

Auto parts maker to expand southern Illinois plant

Sat, 25 May 2013 04:06:08 -0400

MARION, Illinois - A Japan-based maker of auto components says its roughly $15 million planned expansion of a southern Illinois plant will add 80 jobs.

Drug maker recalls meds in 13 states

Fri, 24 May 2013 21:23:05 -0400

MONTGOMERY, Alabama - The Alabama Department of Public Health is working with other health agencies to investigate an injectable anti-inflammatory drug prepared by a compounding manufacturer in Tennessee.

News Corp. OKs poison pill, buyback before split

Fri, 24 May 2013 19:55:14 -0400

LOS ANGELES - News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile takeover in the volatile trading period after the split is complete.

Trustee opposes $20M payout to American Air CEO

Fri, 24 May 2013 19:38:09 -0400

The Justice Department is objecting to a proposed $20 million severance payment for American Airlines CEO Tom Horton, saying it's bigger than allowed by bankruptcy law.

Fla. House speaker questions unique Citizens deal

Fri, 24 May 2013 19:35:13 -0400

TALLAHASSEE, Florida - A backlash is quickly growing against the decision of Florida's largest property insurer to shift thousands of policies to a start-up insurance company.

Feds pull plug on Ky. uranium plant and 1,000 jobs

Fri, 24 May 2013 19:13:45 -0400

FRANKFORT, Kentucky - The operator of a Cold War-era plant in western Kentucky that supplies enriched uranium to nuclear power plants said Friday it planned to cease production after federal energy officials decided to end its work, putting more than 1,000 workers out of high-paying jobs with benefits.

Calif. plastic ocean debris bill dies in committee

Fri, 24 May 2013 18:46:14 -0400

SAN FRANCISCO - A California bill that would have required manufacturers to figure out how to keep the most common plastic junk out of state waterways died in the state Assembly without a vote Friday.

Private prison company asks to seal lawsuit docs

Fri, 24 May 2013 18:08:28 -0400

BOISE, Idaho - The nation's largest private prison company is asking a judge to seal a wide spectrum of documents in a lawsuit brought by inmates at a Corrections Corporation of America-managed prison in Idaho.

UMaine unveils offshore wind data buoy

Fri, 24 May 2013 17:55:06 -0400

ORONO, Maine - A data-collection buoy that can be plopped in the ocean and used to determine the suitability of remote locations for offshore wind farms is ready for real-world testing, the University of Maine announced Friday.

LA sanitation ends plans for dump near Joshua Tree

Fri, 24 May 2013 17:34:33 -0400

LOS ANGELES - A regional garbage collection agency has tossed out plans to build a mega-landfill for Los Angeles' trash less than two miles from Joshua Tree National Park in the remote Southern California desert.

Pharmaceutical co. ISTA pleads in NY federal case

Fri, 24 May 2013 17:32:24 -0400

BUFFALO, New York - ISTA Pharmaceuticals Inc. pleaded guilty on Friday in a federal case involving its eye drug Xibrom, admitting it promoted the drug for unapproved uses and agreeing to pay $33.5 million in fines and fees.

Stocks barely budge; market ends week with loss

Fri, 24 May 2013 17:20:14 -0400

NEW YORK - Major stock indexes closed out their first weekly loss in a month in quiet trading Friday.

Beatrice biodiesel plant to be retrofitted

Fri, 24 May 2013 17:13:16 -0400

LINCOLN, Nebraska - A biodiesel plant in southeast Nebraska is going to be retrofitted to use inedible plant and animal material for feedstock.

Lawsuit says defective lawnmower injures man

Fri, 24 May 2013 17:04:48 -0400

JACKSON, Mississippi - A lawsuit in Mississippi says a man was seriously injured after he was attacked by a swarm of yellow jackets, jumped off his riding lawnmower and was run over by the machine.

Sears, Abercrombie, P&G are big movers

Fri, 24 May 2013 16:53:58 -0400

NEW YORK - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

After vote on gay youth, Scouts face more turmoil

Fri, 24 May 2013 16:35:44 -0400

The Boy Scouts of America will get no reprieve from controversy after a contentious vote to accept openly gay boys as Scouts.

Investors shift focus to growth stocks

Fri, 24 May 2013 16:17:18 -0400

NEW YORK - Growth stocks, neglected at the start of the year, are starting to get a bit of love from investors again.

Government, creditors object in CODA bankruptcy

Fri, 24 May 2013 15:58:04 -0400

DOVER, Delaware - Attorneys for the federal government and unsecured creditors have filed objections to electric car maker CODA Holdings' bankruptcy plans.

Recalls this week: Children's beds, shades

Fri, 24 May 2013 15:22:09 -0400

A line of children's beds with defective mattress support rails and motorized shades with overheating batteries are among this week's recalled consumer products.

Montana copper, silver mine lays off 100 workers

Fri, 24 May 2013 14:43:20 -0400

TROY, Montana - A northwestern Montana copper and silver mine that has been shut down since December due to rock falls and cave-ins laid off 100 workers this week.

Summer travel forecast: Better, but no blowout

Fri, 24 May 2013 14:39:30 -0400

NEW YORK - This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds.

Fitch removes Ally Financial from negative watch

Fri, 24 May 2013 13:48:22 -0400

NEW YORK - Fitch Rating is no longer considering lowering its credit rating for Ally Financial after the company agreed to pay $2.1 billion as part of a settlement plan to resolve potential financial claims stemming from its mortgage division, Residential Capital LLC, which is in bankruptcy proceedings.