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Day 69: Olympic torch hits top London sights

July 26, 2012 2:50 am | by The Associated Press | News | Comments

Hundreds of well-wishers crammed into the north London district of Camden as the Olympic torch set off on a celebratory tour of London's prime tourist sites.Thursday was Day 69, the second-last day of the torch's 8,000-mile (12,900-kilometer) journey.Runners are carrying the flame past famous...

Nomura CEO resigns in wake of insider scandal

July 26, 2012 1:50 am | by MALCOLM FOSTER - Associated Press - Associated Press | News | Comments

Nomura CEO Kenichi Watanabe has resigned in the wake of an insider trading scandal at Japan's biggest investment bank.Watanabe announced his resignation at a press conference Thursday in Tokyo, ending his four year leadership of Nomura Holdings Ltd. Takumi Shibata, another top executive at the...

China Solar Makers Decry Trade Spat, Urge Dialogue

July 26, 2012 12:50 am | by The Associated Press | News | Comments

Chinese solar panel makers are urging Beijing to seek talks with the European Union over a dispute they say threatens to escalate into a trade war.Four big solar panel manufacturers issued a joint statement Thursday appealing for both sides to resolve the disagreement over allegations they...

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Sprint to report 2Q results amid stock rally

July 25, 2012 11:50 pm | by The Associated Press | News | Comments

Sprint is reporting its quarterly results amid a challenging shutdown of its Nextel network.The report for the second quarter will come before the market opens Thursday.Sprint Nextel Corp. is the third-largest wireless carrier in the U.S. Its stock has rallied as investors have grown more...

Qantas in alliance talks with Emirates

July 25, 2012 11:50 pm | by The Associated Press | News | Comments

Qantas Airways Ltd. said it's in alliance discussions with a number of airlines including arch rival Emirates, sending the Australian flag carrier's shares up nearly 10 percent.The statement from Qantas on Thursday was in response to media reports that it is seeking to ally itself with...

Bhopal victims hold own Olympics to protest Dow

July 25, 2012 11:50 pm | by RISHI LEKHI - Associated Press - Associated Press | News | Comments

Hundreds of survivors of the deadly 1984 Bhopal gas leak held a "Special Olympics" on Thursday with children suffering birth defects in an effort to shame Olympic sponsor Dow Chemical Co. on the eve of the London Games.Survivors say Dow owes them compensation for the world's worst industrial...

News Corp buys stake in Web video player Roku

July 25, 2012 10:50 pm | by RYAN NAKASHIMA - AP Business Writer - Associated Press | News | Comments

News Corp. is taking a stake in Internet video streaming set-top box maker Roku Inc. and putting one of its senior executives on Roku's board of directors as it seeks a greater role in distributing video over the Web.The media giant's investment, along with that of its part-owned subsidiary...

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United Tech to sell units to BC, Carlyle for $3.5B

July 25, 2012 4:50 pm | by The Associated Press | News | Comments

United Technologies says it is selling three industrial-products businesses to private equity firms BC Partners and The Carlyle Group for $3.46 billion.Proceeds from the sale will be used to repay some of the short-term debt needed to finance its proposed $16.5 billion acquisition of aerospace...

Review: New Mac software well worth $20 upgrade

July 25, 2012 2:50 pm | by ANICK JESDANUN - AP Technology Writer - Associated Press | News | Comments

I didn't need to spend a lot of time with the new Mac operating system to see that phones and tablet computers have won out over personal computers at Apple.Mobile devices are already responsible for the bulk of Apple's sales and profits. Now, Apple is making the new Mac system even more like...

Healthcare Review: Medicines Company, Healthways & Eli Lilly Jump, WellPoint Falls

July 25, 2012 2:50 pm | by The Associated Press | News | Comments

U.S. stocks rebounded on Wednesday after falling for three straight sessions. Supported by strong results from blue chip companies there were several healthcare stocks which showed unusual moves at mid day on Wednesday Healthways, Inc. (HWAY) popped up 20% as the company posted...

Disgraced former health care chief Scrushy freed

July 25, 2012 1:50 pm | by The Associated Press | News | Comments

Disgraced former health care executive Richard Scrushy has been released from federal custody after nearly six years.Federal Bureau of Prisons spokesman Chris Burke says the former multimillionaire HealthSouth Corp. founder and CEO was freed Wednesday from home confinement in Houston, the final...

Facebook's day of reckoning: 2Q earnings report

July 25, 2012 1:50 pm | by BARBARA ORTUTAY - AP Technology Writer - Associated Press | News | Comments

It's showtime for Facebook. Call it the second act after its rocky initial public offering two months ago. On Thursday, the company will take the spotlight once again to announce its first earnings report as a public company.Facebook's fate hinges on its ability to convince businesses that the...

Hill-Rom acquires Aspen Surgical for $400 million

July 25, 2012 1:50 pm | by The Associated Press | News | Comments

Medical equipment and hospital bed maker Hill-Rom Holdings Inc. on Wednesday said it has acquired Aspen Surgical Products, a privately held maker of surgical supplies, for $400 million.Hill-Rom said the acquisition will expand its line of surgical products and broaden its reach in the North...

Sector Wrap: Travel sites fall on TripAdvisor miss

July 25, 2012 12:50 pm | by The Associated Press | News | Comments

Shares of travel website operators took a hit on Wednesday, as investors reacted to a report by TripAdvisor Inc.TripAdvisor shares led the decline, at one time losing nearly 20 percent. The company, which was spun off from Expedia Inc. in December, blamed the revenue shortfall on a change in...

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