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Cummins laying off 690 with Indiana plant closing

May 7, 2009 6:09 am | by The Associated Press | News | Comments

COLUMBUS, Ind. (AP) — Chrysler's production shutdown is causing Cummins to temporarily close a southern Indiana plant that makes diesel engines for Dodge Ram pickup trucks.Columbus, Ind.-based Cummins Inc. expects to lay off about 690 workers this month from its Columbus MidRange Engine Plant....

Discount chain sales results for April

May 7, 2009 6:09 am | by The Associated Press | News | Comments

NEW YORK (AP) — Summary of April same-store sales results for discount category store chains, with percentage increase or decrease over the same month last year.BJ's Wholesale Club Inc. -4.9 pctCostco Wholesale Corp. -8 pctTarget Corp. 0.3 pctWal-Mart Stores Inc. 5 pct

GE plans to invest $6B to lower health care costs

May 7, 2009 6:04 am | by STEPHEN MANNING - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — General Electric Co. said Thursday that it will invest $6 billion over the next six years in an attempt to lower the cost of health care and improve the quality of medical care in underserved regions of the United States and abroad.The broad program sets goals of reducing health...

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Britain to remove some DNA profiles from database

May 7, 2009 6:04 am | by JILL LAWLESS - Associated Press Writer - Associated Press | News | Comments

LONDON (AP) — Britain bowed to a court ruling and promised Thursday to remove the DNA records of hundreds of thousands of innocent people from its vast national database of genetic information — but many will have to wait up to 12 years for their details to be deleted.People arrested on suspicion...

Moon Buggy Race

May 7, 2009 6:04 am | Videos | Comments

Students from various universities and institutes are required to design vehicles that address several engineering problems. Their design must also fit in to a cube that measures 4 feet on each side.  

Straight Out Of The Wrapper

May 7, 2009 5:53 am | Videos | Comments

Product Design and Development introduce revamped site.

Lawmaker makes push for legal online gambling

May 7, 2009 5:48 am | by KEVIN FREKING - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — It's time to regulate gambling on the Internet rather than outlaw it, says Rep. Barney Frank, the chairman of the House Financial Services Committee.The Massachusetts Democrat introduced a bill Wednesday that is sure to please poker and blackjack players as well as those who like...

Thomson Reuters 1Q earns up on Reuters acquisition

May 7, 2009 5:38 am | by ANDREW VANACORE - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Thomson Reuters Corp. said Thursday its first-quarter profit climbed 18 percent, mainly from the company's acquisition of Reuters last year.But the financial slump and foreign currency swings hurt the company's markets division, which sells software and news services for traders....

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Bernanke calls for revamped banking oversight

May 7, 2009 5:33 am | by JEANNINE AVERSA - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke on Thursday called for a holistic approach to strengthening oversight of the banking system and said information gleaned from big bank "stress tests" should pave the way for improvements on that front.Regulators must not only sharpen their...

Cablevision posts profit; explores Garden spinoff

May 7, 2009 5:28 am | by DEBORAH YAO - AP Business Writer - Associated Press | News | Comments

Cablevision Systems Corp. reported a profit for the first quarter Thursday as revenue climbed 11 percent, due to subscriber growth and the addition of the recently acquired Long Island-based newspaper Newsday and the Sundance channel.Cablevision also said it was exploring the spinoff of one of its...

DirecTV 1Q profit falls 46 percent on promotions

May 7, 2009 5:28 am | by DEBORAH YAO - AP Business Writer - Associated Press | News | Comments

DirecTV Group Inc., the nation's largest satellite TV provider, said Thursday that first-quarter earnings fell 46 percent even as subscriber growth hit a four-year high. The recession was largely to blame: The company increased promotions and customers pared their spending for premium channels and...

UPS shareholders elect board, OK compensation plan

May 7, 2009 5:23 am | by The Associated Press | News | Comments

ATLANTA (AP) — UPS Inc. shareholders elected a board of directors for a one-year term Thursday at the company's annual meeting.Shareholders gathered in Wilmington, Del., also ratified the appointment of Deloitte & Touche LLP as the company's independent registered public accountants and approved an...

Wendy's/Arby's posts $10.9M loss in 1Q

May 7, 2009 5:08 am | by LAUREN SHEPHERD - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Value meals at Wendy's and a new line of roast beef sandwiches at Arby's helped bring in customers, but Wendy's/Arby's Group Inc. still posted a loss in its first quarter on Thursday.The nation's third-largest fast-food chain was hurt by a hefty one-time charge related to the...

EU seeks partnership with 8 gas-rich neighbors

May 7, 2009 5:07 am | by ROBERT WIELAARD - Associated Press Writer - Associated Press | News | Comments

BRUSSELS (AP) — The European Union will press eight southern neighbors on Friday to join a long-term partnership that would give them a sustained income from their natural gas in the years ahead and provide Western Europe with stable gas deliveries that bypass Russia.At a meeting in Prague with...

Target same-store sales edge up in April

May 7, 2009 4:52 am | by The Associated Press | News | Comments

MINNEAPOLIS (AP) — Discount retailer Target Corp. said Thursday that same-store sales edged up 0.3 percent in April and it predicted first-quarter results will likely beat expectations.Its shares rose $2.18, or 5.3 percent, to $43.65 during premarket trading.Results were nearly in line with the 0.4...

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