Obama stars in television ad by industry, other groups favoring health care overhaulWASHINGTON — Medical industry and other groups pushing health care overhaul are airing a new television ad that stars the man in the middle of the battle: President Barack Obama. CEO of magazine publisher Meredith saw compensation decline slightly in fiscal 2009NEW YORK — Magazine publisher Meredith Corp. gave its top executive a compensation package valued at $3.9 million for fiscal 2009, down slightly from the year before, according to an Associated Press calculation of figures disclosed in a regulatory filing. Investigators believe rudder loss led fishing boat to sink off Alaska coast in 2008, killing 5WASHINGTON — A fishing boat that sank off the Alaska coast last year most likely lost its rudder, then flooded and went down, killing five crew members, federal safety officials said Wednesday. Obama says $5B in stimulus grants from NIH will help research cures for cancer, diseasesBETHESDA, Md. — Calling scientific research a job-creating engine, President Barack Obama heralded $5 billion in new government grants Wednesday to fight cancer, autism and heart disease while boosting the economy. Pratt & Whitney Canada cuts 410 Quebec jobs in response to business jet market declineHARTFORD, Conn. — Jet engine manufacturer Pratt & Whitney Canada said Wednesday it will lay off more than 400 workers by next year in response to the steep decline in corporate jet purchases. Kodak CEO Antonio Perez agrees to stay with photography pioneer through 2013ROCHESTER, N.Y. — Eastman Kodak Co.’s chairman and chief executive, Antonio Perez, has agreed to remain at the helm through 2013, the photography products maker said Wednesday. Chevron names John S. Watson chairman and CEO; David O’Reilly retires after 41 yearsSAN RAMON, Calif. — Chevron Corp., the second-largest U.S. oil company, said Wednesday that its board has promoted vice chairman John S. Watson to chairman and chief executive. Obama on Wednesday to announce $5 billion in stimulus funds for National Institutes of HealthWASHINGTON — The National Institutes of Health is getting $5 billion in economic stimulus funds to support research into cures for cancer and other diseases, and to create jobs. Power utility agrees to terms for removing Western river dams to help salmonMEDFORD, Ore. — The utility that owns four hydroelectric dams on the Klamath River has agreed to terms for their removal, a key milestone in efforts to restore what was once the third biggest salmon run on the West Coast and end decades of battles over scarce water. Powerful earthquake in South Pacific hurls massive tsunami at Samoas, killing nearly 100APIA, Samoa — Federal disaster officials say “tens of thousands” of people on American Samoa and Samoa will need their help after a lethal tsunami in the South Pacific. Hotel workers union approves new contract agreement with 4 Atlantic City casinosATLANTIC CITY, N.J. — The union representing 15,000 Atlantic City casino hotel workers approved a new contract Monday with four casinos, providing raises for most workers and guaranteeing benefits won’t be reduced. Hartford Financial names former Bank of America executive Liam McGee as chairman and CEOHARTFORD, Conn. — Life insurer The Hartford Financial Services Group Inc. on Tuesday named Liam E. McGee, the former head of consumer banking at Bank of America, as its new chairman and CEO. US Dept. of Labor gives Neb. $777,307 for several projects to improve unemployment benefitsLINCOLN, Neb. — The Nebraska Department of Labor will receive more than $750,000 to upgrade the technology used to deliver unemployment benefits in the state. Silicon Image CEO resigns and search is under way for replacement; CFO named as COOSUNNYVALE, Calif. — Silicon Image Inc. said Monday that CEO Steve Tirado, who is 55, has resigned. Powerful earthquake triggers tsunami in the Samoas, killing 99 people and flattening villagesAPIA, Samoa — A powerful earthquake in the South Pacific hurled a massive tsunami at the shores of Samoa and American Samoa, flattening villages and sweeping cars and people out to sea, leaving at least 99 dead and dozens missing. Correction: Unemployment benefits storyNIAGARA FALLS, N.Y. — In a Sept. 24 story about labor commissioners from various states urging the U.S. Senate to extend unemployment benefits, The Associated Press, relying on information from the New York State Department of Labor, erroneously reported that Mississippi was among the states represented at a news conference. The department now says Mississippi wasn’t represented. Paraguay belatedly fires convicted torturers earning police salaries in prison since 1995ASUNCION, Paraguay — Three police chiefs imprisoned for torture have finally have been fired after collecting their salaries from behind bars since 1995, Paraguay’s interior minister said Tuesday. Widow of Cintas worker who fell in dryer wants evidence unsealed in her suit against companyTULSA, Okla. — The widow of a Cintas Corp. worker who fell into an industrial dryer and died in 2007 wants a federal judge to unseal for public viewing more than 90 percent of the evidence in her lawsuit against the nation’s largest uniform supplier. Hartford Financial names former Bank of America executive as CEOHARTFORD, Conn. — The Hartford Financial Services Group Inc. on Tuesday named Liam E. McGee, a former Bank of America executive, as its new chairman and CEO. Xerox joins race to boost tech offerings with $6 billion deal for Affiliated Computer ServicesNEW YORK — Xerox Corp. said Monday it will buy Affiliated Computer Services Inc. for about $6.4 billion in cash and stock, joining the expensive race among technology companies to broaden their offerings. Recession delivers a jarring one-two punch to many charities: donations down, demand upNEW YORK — For many social-service charities across America, the recession has delivered a staggering one-two punch. Sharp drops in donations and investment income have been coupled by soaring demand for their services. Conflicting testimony on when Jayson Williams prosecutor knew of racial slur by subordinateSOMERVILLE, N.J. — Conflicting accounts emerged Tuesday about which prosecutors knew what — and when they knew it — about a racial slur uttered by an investigator in the manslaughter case against former basketball star Jayson Williams. Nearly 100 killed in quake, ensuing tsunami at Samoa islands in South PacificAPIA, Samoa — A powerful earthquake in the South Pacific hurled a massive tsunami at the shores of Samoa and American Samoa, flattening villages and sweeping cars and people out to sea, leaving at least 99 dead and dozens missing. Newspaper companies that have emerged from bankruptcy protectionNewspaper companies that have emerged from bankruptcy protection: Rubio’s Restaurants promotes exec to newly created post of chief operating officerCARLSBAD, Calif. — Rubio’s Restaurants Inc., operator of the Rubio’s Fresh Mexican Grill chain, said Monday it has promoted Marc Simon to the newly created position of chief operating officer. Ohio AG takes lead role in securities lawsuit alleging concealment by Bank of AmericaCOLUMBUS, Ohio — Ohio has taken the lead role in an aggressive securities lawsuit alleging that Bank of America Corp. concealed billions of dollars in losses and bonuses paid during the bank’s merger with Merrill Lynch. Guinea’s government says it will investigate soldiers who opened fire at opposition rallyCONAKRY, Guinea — Guinea’s government says it is launching an investigation into who ordered soldiers to open fire on demonstrators with live ammunition. APNewsBreak: CEO of defunct soft drink maker LeNature’s, 4 others charged in $806M fraudPITTSBURGH — The former chief executive and four other employees of defunct soft-drink maker Le-Nature’s Inc. have been indicted in what authorities say is an $806 million fraud. States find demanding higher taxes from the rich during fiscal crisis can be risky businessALBANY, N.Y. — This year, New York’s deep-pocketed rich are being required to dig even deeper to help shore up state finances through new and higher income taxes. Survey shows CEOs see sales growing, but many still cutting jobs, holding off on spendingNEW YORK — An index measuring the expectations of 107 CEOs from among the nation’s largest companies was at its highest level this year, with more than half expecting sales to grow in the next six months — but their outlook for capital spending remained stagnant, and 40 percent predicted more job cuts. |
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