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Hoku plans to delist stock from Nasdaq

July 13, 2012 6:50 pm | by The Associated Press | News | Comments

Honolulu-based commercial solar power company Hoku Corp. will delist its stock from Nasdaq.The company said in a statement Friday it's been unable to maintain a minimum $1 bid price for its stock, placing it in violation of Nasdaq's listing requirements.Hoku says it will soon file a form with...

United passengers stranded 3 days in Shanghai

July 13, 2012 2:50 pm | by JOSHUA FREED - AP Airlines Writer - Associated Press | News | Comments

More than 200 United Airlines passengers have been stranded for three days in Shanghai in a delay that began with an aircraft mechanical problem.The passengers were supposed to leave on Wednesday for Newark, N.J. The airline says the Boeing 777 had a mechanical problem so the flight was canceled....

FAA fines Boeing $13.5 million for missed deadline

July 13, 2012 2:50 pm | by JOAN LOWY - Associated Press - Associated Press | News | Comments

The Federal Aviation Administration on Friday proposed fining Boeing $13.5 million for failing to meet a deadline to provide airlines with instructions on how to prevent fuel tank explosions like the one that destroyed TWA Flight 800 off the coast of Long Island, N.Y., 16 years ago, killing all...

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Justices toss $78M verdict for state over Medicaid

July 13, 2012 2:50 pm | by The Associated Press | News | Comments

The Alabama Supreme Court overturned a $78.4 million verdict the state won against German drug manufacturer Sandoz Inc., ruling Friday there wasn't evidence to support allegations that the company defrauded the Alabama Medicaid Agency.The justices ruled 7-1 in an unsigned opinion that the case...

First lady, Smithsonian museum honor top designers

July 13, 2012 1:50 pm | by BRETT ZONGKER - Associated Press - Associated Press | News | Comments

Michelle Obama said the nation's top designers in fashion, architecture, landscapes and technology were making life better through their everyday work and honored them at the White House on Friday.The first lady joined the Smithsonian's Cooper Hewitt National Design Museum in hosting a luncheon...

Dry weather pushes corn prices higher

July 13, 2012 1:50 pm | by The Associated Press | News | Comments

Corn prices jumped again Friday, driven higher by worries about hot, dry weather in the Midwest.December contracts for corn jumped 8 cents, or 1.1 percent, to $7.4025 per bushel. That followed a 4 percent increase the day before, and is the highest price in about 11 months.Corn crops are shrinking...

Weekly US oil, gas rig count down by 12 to 1,953

July 13, 2012 1:50 pm | by The Associated Press | News | Comments

The number of rigs actively exploring for oil and natural gas in the U.S. is down by 12 this week to 1,953.Houston-based oilfield services company Baker Hughes Inc. reported Friday that 1,427 rigs were exploring for oil and 522 for gas. Four were listed as miscellaneous. A year ago, Baker...

Equity Briefing: Stock Analysts' Price Target Changes for July 13th: ALGT, CAT, CSCO, IPCM, NOV, SSRX

July 13, 2012 1:50 pm | by The Associated Press | News | Comments

A number of stocks were upgraded by equities research analysts today, as reported by Analyst Ratings Network:Allegiant Travel (NASDAQ: ALGT) had its price target raised by analysts at Rodman & Renshaw from $72.00 to $79.00. They now have an "outperform" rating on the stock.Caterpillar Inc. (NYSE:...

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Earnings schedule for week of 7/16/2012

July 13, 2012 1:50 pm | by The Associated Press | News | Comments

Major companies tentatively scheduled to report quarterly earnings next week:MondayCitigroup Inc. reports quarterly financial results.TuesdayThe Coca-Cola Co. reports quarterly financial results.CSX Corp. reports quarterly financial results.The Goldman Sachs Group Inc. reports quarterly financial...

Nvidia: 400,000 coded passwords may have been hit

July 13, 2012 1:50 pm | by The Associated Press | News | Comments

U.S. semiconductor maker Nvidia Corp. says up to 400,000 users of its forums have had their encrypted passwords compromised in attacks dating back to early July.It's the latest in a stream of data thefts which has hit major Internet companies over the past few weeks. Search provider Yahoo,...

Consol Energy's 2Q coal production falls; gas up

July 13, 2012 12:50 pm | by The Associated Press | News | Comments

Consol Energy Inc.'s coal production fell 5 percent in the second quarter after it began trimming operations at some mines because of weak demand.The Pittsburgh coal and natural gas producer also said Friday that its natural gas production rose 10 percent from the same quarter last year.The...

Report: Olympic sponsors' tickets sold at markup

July 13, 2012 12:50 pm | by The Associated Press | News | Comments

The BBC says Olympic tickets intended for sponsors have instead been sold to members of the public at hiked up prices.The broadcaster said Friday that many of the passes bought by British fans had originally been set aside for sponsors including Dow Chemical, Acer, and GE.The BBC says it wasn't...

Exxon Mobil refining company president to retire

July 13, 2012 12:50 pm | by The Associated Press | News | Comments

The president of ExxonMobil Refining & Supply Co. is retiring at the beginning of August, the company said Friday.Sherman" Glass, who is also a vice president at Exxon Mobil Corp., will be replaced by Darren Woods, the current vice president of supply and transportation at the refining...

Facebook stock falls 3 pct for the week

July 13, 2012 12:50 pm | by The Associated Press | News | Comments

Facebook's stock has had another down week.It closed on Friday at $30.72, down 3.2 percent from a week ago. Since it went public in mid-May, the stock has been down for five weeks and up for three weeks. It's now 19 percent below its initial public offering price of $38.Facebook Inc. began...

KYOCERA Solar Modules Confirmed as PID Resistant

July 13, 2012 12:03 pm | by Kyocera Corporation | News | Comments

Kyocera Corporation ( NYSE:KYO ) has announced that its solar modules have again passed independent quality testing with flying colors

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