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Sector Wrap: Gentiva rises on home health upgrades

May 15, 2012 1:50 pm | by The Associated Press | News | Comments

Shares of Gentiva Health Services Inc. jumped Tuesday after a Robert W. Baird & Co. analyst upgraded shares of Gentiva and another home health company, although he said the sector still face a variety of major risks.Analyst Whit Mayo upgraded shares of Gentiva and Amedisys Inc. to "Neutral"...

Lack of Trust in Facebook May Hold Back Ad Sales

May 15, 2012 1:50 pm | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

Facebook's reach is wide but not deep. Few users surveyed in an Associated Press-CNBC poll say they click on the site's ads or buy the virtual goods that make money for it.More than 40 percent of American adults log in to the site — to share news, personal observations, photos and more — at...

Largest union group rejects American offer

May 15, 2012 1:50 pm | by JUSTIN JUOZAPAVICIUS - Associated Press - Associated Press | News | Comments

An estimated 2,100 jobs could be lost at the American Airlines maintenance hub in Tulsa after mechanics rejected the company's final labor contract offer, the embattled airline confirmed Tuesday.The Transport Workers Union said Tuesday that five of its work groups approved the company's offer,...

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Deal reached to keep Paducah plant going for year

May 15, 2012 1:50 pm | by The Associated Press | News | Comments

The U.S. Department of Energy has announced an arrangement that is expected to keep the Paducah Gaseous Diffusion Plant operating for another year and preserve 1,200 jobs, at least temporarily.Energy Secretary Steven Chu said Tuesday the beleaguered plant will enrich depleted uranium for the...

NY Judge: Apple Statements Damage Lawsuit Position

May 15, 2012 1:50 pm | by LARRY NEUMEISTER, Associated Press | News | Comments

A New York judge has refused to toss out lawsuits alleging that Apple Inc. and various publishers conspired to drive up the price of e-books.Federal Judge Denise Cote (coht) in her Tuesday ruling cited statements by Apple and the late Steve Jobs to support her finding that there was sufficient...

Airport worker allegedly had man's ID before death

May 15, 2012 1:50 pm | by DAVID PORTER - Associated Press - Associated Press | News | Comments

A Newark Liberty Airport security supervisor pleaded not guilty to identity theft Tuesday as new details emerged about his alleged 20-year odyssey of deception, including that he may have assumed the identity of a New York man weeks before the man was murdered.Through his court-appointed...

LKQ will change stock ticker symbol

May 15, 2012 1:50 pm | by The Associated Press | News | Comments

Auto replacements parts maker LKQ Corp. said Tuesday that it will change its stock ticker symbol starting May 22, simplifying the code that investors use to trade its shares.The company said its new symbol will be "LKQ." The company currently trades under the symbol "LKQX.""This ticker change...

Arena Pharma says it plans new stock offering

May 15, 2012 1:50 pm | by The Associated Press | News | Comments

Arena Pharmaceuticals Inc. said Tuesday it plans to raise money by selling common stock in a public offering.The company did not say how many sales it might sell and did not disclose a price. It said Jefferies & Co. and Piper Jaffray will be the book-running managers for the sale, and BMO...

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$107 million to be spent on Pebble permitting

May 15, 2012 12:50 pm | by MARY PEMBERTON - Associated Press - Associated Press | News | Comments

A Canada-based mining company eyeing development of a huge copper and gold deposit near one of the world's premier salmon fisheries said Tuesday that $107 million has been allocated to prepare the mine for permitting later this year.Northern Dynasty Minerals Ltd. said the Pebble Mine project...

Activist firm takes $600 million stake in PepsiCo

May 15, 2012 12:50 pm | by The Associated Press | News | Comments

Activist investor Ralph Whitworth said Tuesday that his firm has taken a $600 million stake in PepsiCo Inc., a move that could ramp up pressure on the company to make changes.PepsiCo has faced investor dissatisfaction in recent years over its underperforming stock price and loss of market share...

Food Network host to drive Indy 500 pace car

May 15, 2012 11:50 am | by The Associated Press | News | Comments

Guy Fieri, host of the Food Network's hit show "Diners, Drive-ins and Dives," will drive the pace car at the Indianapolis 500.Fieri will lead the field in a 2013 Chevrolet Corvette ZR1 on May 27 at the Indianapolis Motor Speedway. It is the fastest production car ever offered by General Motors,...

Artic Cat Inc

May 15, 2012 11:50 am | by The Associated Press | News | Comments

1stQtrYearAgoRevenue$98,500$73,500Net Loss$6,200d$9,600Per Shared$0.49d$0.52

Former BP Worker Claims Evidence Proves Innocence

May 15, 2012 11:50 am | by CAIN BURDEAU - Associated Press - Associated Press | News | Comments

A former BP engineer charged with deleting text messages about how much oil was leaking from the company's blown-out well in the Gulf of Mexico claims evidence not given to federal investigators will prove his innocence.In court documents, Kurt Mix asks U.S. District Judge Jane Triche Milazzo...

Repsol starts legal action against Argentina

May 15, 2012 11:50 am | by CIARAN GILES - Associated Press - Associated Press | News | Comments

Spanish oil company Repsol said Tuesday it had made the first step in taking legal action against Argentina for nationalizing its energy firm YPF.In a statement, Repsol YPF SA said it had sent a letter to Argentine President Cristina Kirchner notifying her that it sees a controversy in the...

Avon finally calling, but Coty slams the door

May 15, 2012 11:50 am | by The Associated Press | News | Comments

Shares of Avon Products Inc. almost 11 percent Tuesday after the smaller beauty products maker Coty Inc. dropped its $10.7 billion takeover bid.Privately held Coty first made an offer for Avon Products public on April 2, and the relationship was contentious from the start. Avon said that offer...

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