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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...

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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...

Newsweek reviewing its future as print weekly

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

The head of the company that owns Newsweek says the publication is examining its future as a weekly print magazine.During a conference call with analysts Wednesday, IAC/InterActiveCorp Chairman Barry Diller said that while Newsweek's "brand is good" around the world, producing a weekly news...

Fitch sees 2012 dip in new drugs amid generic wave

July 25, 2012 12:50 pm | by LINDA A. JOHNSON - AP Business Writer - Associated Press | News | Comments

Fewer new prescription drugs will get approved in the U.S. this year than the 30 approved in 2011, a ratings agency forecasts, adding to the many stresses on the pharmaceutical industry.The Food and Drug Administration approved only 14 innovative drugs in the first half of this year, down from...

Geomagic Releases New Freeform and Claytools 3D Modeling Software

July 25, 2012 11:54 am | by Geomagic | News | Comments

Geomagic  has announced that it has released two new versions of software from its Sensable Group’s 3D modeling product lines – Freeform   v12 SP2 and Claytools   v4.

Head of Oregon investment firm pleads guilty in NY

July 25, 2012 11:50 am | by LARRY NEUMEISTER - Associated Press - Associated Press | News | Comments

The head of an Oregon investment research firm pleaded guilty to insider trading charges Wednesday, admitting that he enticed employees of public companies to feed him secrets that he then sold to hedge funds and money managers as if they resulted from legitimate research.John Kinnucan, 55, of...

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