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United, negotiators for pilots agree on labor deal

August 3, 2012 3:50 am | by The Associated Press | News | Comments

United Airlines says it has a deal with union negotiators on a new labor contract with its own pilots and those from the former Continental Airlines.United Continental Holdings Inc. said Friday that the agreement is an important step in creating a single workforce at the company, which was...

Decline of Entrepreneurship Blamed for Japan Woes

August 3, 2012 1:50 am | by YURI KAGEYAMA - AP Business Writer - Associated Press | News | Comments

Worn out and resigned to its dwindling national status, Japan Inc. is said to be quietly shuffling off the world stage. But don't tell that to Kenji Hasegawa who is ready to conquer the global auto market with his nifty innovation, a bolt that doesn't need a nut. Or Chiaki Hayashi who makes...

Largest Philippine miner suspends gold mining

August 3, 2012 1:50 am | by The Associated Press | News | Comments

The Philippines' largest mining company has suspended operations at its northern gold mine after waste leaked from a storage pond.Philex Mining Corp. vice president Michael Toledo said Friday the discharge came after two recent typhoons that caused an "unusual accumulation" of rainwater in the...

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Samsung Vies for Spotlight Ahead of iPhone Launch

August 2, 2012 9:50 pm | by YOUKYUNG LEE, AP Technology Writer | News | Comments

Samsung Electronics Co. plans to show what it says is a new mobile device in late August, trying to stay in the consumer spotlight ahead of Apple's expected release of the latest iPhone in September.Analysts said the device is likely an update of the Galaxy Note, which has a screen bigger than...

Japan Airlines listing again on Tokyo exchange

August 2, 2012 6:50 pm | by The Associated Press | News | Comments

Japan Airlines, which underwent a government bailout two years ago, will be listed again on the Tokyo Stock Exchange.The exchange said Friday the carrier will be relisted Sept. 19.JAL, which competes against All Nippon Airways in Japan, filed one of Japan's biggest corporate bankruptcies in...

Verso Paper closes Minn. mill damaged by fire

August 2, 2012 4:50 pm | by The Associated Press | News | Comments

Verso Paper Corp. won't reopen the Sartell paper mill that was heavily damaged by a Memorial Day explosion and fire, putting nearly 260 people out of work, the company said Thursday.The Memphis, Tenn.-based company said it based its decision on the length of time it would take to rebuild and on...

Murdock to keep house, rare orchids in island sale

August 2, 2012 3:50 pm | by JENNIFER SINCO KELLEHER - Associated Press - Associated Press | News | Comments

David Murdock has sold his Hawaiian island, but he's keeping his seven-bedroom Lanai home, a woodworking shop containing koa furniture, two carved elephant tusks in a resort lobby, and 1,000 rare orchid plants.The billionaire is holding on to those assets and others, while selling most of Lanai...

Sprint-Nextel says SEC probe follows NY tax suit

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

Sprint-Nextel Corp. says it's cooperating with a Securities and Exchange Commission investigation into its collection and remittance of state and local sales taxes, saying it follows a flawed lawsuit filed by New York Attorney General Eric Schneiderman.Sprint says it recently received an SEC...

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AT & T to Goes on Spectrum Shopping Binge

August 2, 2012 1:50 pm | by The Associated Press | News | Comments

AT&T Inc. has gone on a shopping spree for wireless spectrum, striking three separate deals that should let it increase its capacity for wireless broadband.The Dallas-based phone company said Thursday that it has agreed to buy NextWave Wireless Inc., a troubled company that's mainly a holder of...

Tenet, Humana announce 4-year contract extension

August 2, 2012 1:50 pm | by The Associated Press | News | Comments

Tenet Healthcare Corp. said Thursday its hospitals will remain part of Humana Inc.'s networks a new four-year deal between the companies.Tenet said its hospitals will be in-network for members of Humana's Medicare, HumanaOne, health maintenance organization, point of service and preferred...

Suspicious package briefly closes part of O'Hare

August 2, 2012 1:50 pm | by The Associated Press | News | Comments

Operations have resumed at a terminal at Chicago's O'Hare International Airport after a portion of it was closed briefly while security personnel investigated a suspicious package.City Aviation spokeswoman Karen Pride says the doors to the upper level at Terminal 2 were sealed Thursday...

Money market fund assets fell to $2.551 trillion

August 2, 2012 1:50 pm | by The Associated Press | News | Comments

Total U.S. money market mutual fund assets fell $3.95 billion to $2.551 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.Assets of the nation's retail money market mutual funds fell $580 million to $882.72 billion, the Washington-based mutual fund trade...

Alliant Energy plans new Marshalltown power plant

August 2, 2012 1:50 pm | by The Associated Press | News | Comments

Interstate Power and Light Co. says it plans to seek regulatory approval to build a new natural gas-powered electricity generation plant in Marshalltown. The plant, expected to cost between $650 million and $750 million, won't become operational before mid-2017.The announcement was made...

Haydon Kerk Motion Solutions and PITTMAN Motors Announce a New “Express” Website

August 2, 2012 1:22 pm | by Ametek | News | Comments

PITTMAN Motors and Haydon Kerk Motion Solutions, product divisions of AMETEK Precision Motion Control, have announced the launch of a new website that allows a visitor to evaluate and order a wide variety of precision motion components for 24 hour shipment anywhere in the world.  

Generator Manufacturer Goes Big with MAG’s First 5-meter VTC

August 2, 2012 1:14 pm | by MAG | News | Comments

The first of MAG’s giant vertical turning centers (VTC) in 5-8 meter table sizes will soon complete its runoff in Fond du Lac, Wisconsin, and be shipped to a U.S. manufacturer of power generation equipment.

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