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Safeway workers in Colorado have agreed to extend their current contract with management until June 15, but King Soopers and its workers have been unable to work out an extension in advance of Saturday's contract termination date.

Man Group was the FTSE 100's biggest faller on Thursday, after news of falling profit and assets under management chimed with a renewed sense of caution. Only a handful of defensive stocks rose in a broad-based sell-off

Altair Nanotechnologies Inc., a leading provider of energy storage systems for clean, efficient power and energy management, today announced a $3.8 million contract award from the Office of Naval Research.

An internal rift within a national hotel, garment and restaurant workers' union that gave rise to two competing unions has prompted management of Lumiere Place, Hotel Lumiere and President Casino in downtown St. Louis to stop recognizing union representation for about 750 workers there. (PNK)

It was cold inside the new freezers on display in Target's half-built store in Waukesha, Wis., the site of the mega-retailer's 2009 annual meeting. But it was even colder in the meeting itself for investor Bill Ackman of Pershing Square Capital Management, as his multimillion-dollar, highly public quest to unseat four of the company's board members ended up in a deep freeze.

The singular Congress victory in the Lok Sabha election has thrown up a wonderful opportunity to create a turning point in world history (to quote Uday Kotak). Clearly, economic reforms will move onto a more rapid path, albeit constrained by the lessons of the global economic crisis. Growth will rise, making deficit management easier. And, if the global crisis does, indeed, settle down, we could well see a return to aiming for double-digit growth as early as next year.

Open source customer relationship management software provider SugarCRM has announced the beta release of the 5.5 edition of the application. There’s an online demo version available on the SugarCRM web site. Some of the new features in the 5.5 release include: mobile studio editor dynamic teams enhanced web services framework advanced password management themes framework The ability to create and manage themes seems [...]

CALGARY, ALBERTA--(Marketwire - May 28, 2009) - Excelsior Energy Limited (TSX VENTURE:ELE) ('Excelsior' or the 'Company') announces it has filed financial statements and management's discussion and analysis for the three month periods ended March 31, 2009 and 2008. These financial statements and associated management's discussion and analysis can be found online at www.sedar.com. 'Two seasons of core well delineation have confirmed and expanded the high quality bitumen resource at Hangingstone and Excelsior is on target to submit its COGD project application by the end of the second quarter of 2009' said Dr. David Winter, Excelsior's President and chief executive Officer. 'We have a growing bitumen resource that has been independently validated for SAGD development, the mainstay of in situ bitumen recovery. Furthermore we believe that this resource value is even more compelling when coupled with the potential economic and exploitation leverage provided by our COGD technology.'

It was Jeff Bewkes who famously spoke up in an internal management meeting in 2002 and burst the bubble on AOL's friendly 2001 takeover of Time Warner, which was supposed to create a digital media juggernaut. 'This is bull----', said Bewkes, who ran the conglomerate's HBO division, interrupting Steve Case, the Internet entrepreneur who had become chairman of what was then called AOL Time Warner. 'The only problem in this construct is AOL.'

NEW YORK, May 28 (Reuters) - Pequot Capital Management Inc's $350 million small-cap hedge fund, the Pequot Scout Fund, and its management team are preparing to spin off into an independent firm starting July 1, investors familiar with the plan told Reuters on Thursday.