Archive For May 2009

New film recalls magic of New York punk mecca CBGB

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CBGB always made a powerful first impression, even before the intended country music club in a derelict section of Manhattan became a world renowned rock ‘n’ roll mecca.

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Studios delay several big films in Mexico for flu

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Several major Hollywood studios are delaying the release of big-budget summer movies in Mexico due to the influenza outbreak in that country, a key market for U.S. films, the distributors said on Thursday.

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Man found guilty of stalking Tyra Banks

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A man accused of stalking TV host and former supermodel Tyra Banks was found guilty of trespass, harassment and stalking on Thursday, prosecutors said.

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Could Adam Lambert be first gay “American Idol”?

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Adam Lambert wears eyeliner and diamond stud earrings, sings like a dream and has won a rare standing ovation from tough-minded judge Simon Cowell.

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Hartford, MetLife post losses amid investment woes

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Hartford Financial Group posted its third straight net loss and said it plans to stop selling new policies in Japan and the United Kingdom, as the insurer reeled from the same weak financial markets that triggered a net loss at MetLife Inc.

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BofA board not planning to oust Lewis: report

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Bank of America Corp’s board is not planning to remove Chief Executive Kenneth Lewis after he was ousted as chairman under shareholder pressure, the Wall Street Journal reported on its website on Thursday.

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UBS asks U.S. court to drop tax evasion case

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UBS AG asked a U.S. court on Thursday to reject demands by U.S. tax authorities for confidential information about its American clients, saying disclosure would violate Switzerland’s bank secrecy laws.

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Freddie Mac pays 2008 bonuses, honors Kellermann’s

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Freddie Mac, the U.S. mortgage finance giant, on Thursday said it paid $1.3 million in retention bonuses to three executives in late 2008 and so far this year, including a full payout of the award promised to its acting chief financial officer before his shocking death, according to a Securities and Exchange Commission filing.

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Chrysler files for bankruptcy; inks Fiat deal

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Chrysler LLC filed for bankruptcy on Thursday and announced an industry-changing deal with Fiat, after being pummeled by sliding auto sales and unable to reach agreement on restructuring its debt.

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U.N. extends peacekeepers’ mandate in southern Sudan

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The Security Council on Thursday extended for another year the mandate of U.N. peacekeepers in southern Sudan who monitor compliance with a peace deal that ended Sudan’s two-decade-long civil war.

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