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Only 3 of 12 lots sold in Iraqi energy auction

May 31, 2012 6:50 am | by SAMEER N. YACOUB - Associated Press - Associated Press | News | Comments

Iraq's government signed deals for only three of 12 oil and natural gas exploration sites offered in a two-day energy auction that ended Thursday, reflecting reluctance of foreign bidders to risk money in unexplored areas.The auction was Iraq's fourth since 2009 and was meant to attract foreign...

Proposed ND oil pipeline could be scrapped

May 31, 2012 6:50 am | by JAMES MacPHERSON - Associated Press - Associated Press | News | Comments

A Colorado company says its proposed $650 million pipeline that would move 150,000 barrels of North Dakota crude daily to a hub in Minnesota is at risk of being scrapped.High Prairie Pipeline, a subsidiary of Durango, Colo.-based Saddle Butte Pipeline LLC, alleges Enbridge Energy Partners LP...

Teledyne will acquire BlueView Technologies

May 31, 2012 6:50 am | by The Associated Press | News | Comments

Defense and aerospace industry supplier Teledyne Technologies Inc. said Thursday that a subsidiary will acquire BlueView Technologies Inc., a privately held company which makes high-resolution underwater acoustic imaging and measurement devices. No terms were disclosed.The subsidiary, Teledyne...

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Windstream to cut up to 400 management jobs

May 31, 2012 5:50 am | by The Associated Press | News | Comments

Phone and Internet provider Windstream Corp. says it will cut up to 400 management positions as it restructures the company.Windstream was formed in 2006 when it was spun off from Alltel Corp. Its initial focus was landline phones, but the company has branched out to include broadband Internet...

Heilind Electronics Logo to be on Car in NASCAR Race

May 31, 2012 5:48 am | by Heilind Electronics | News | Comments

Heilind Electronics  will have its logo featured on Greg Biffle's 3M-sponsored #16 car in this Sunday's FedEx 400 NASCAR Sprint Cup Series race at Dover International Speedway in Dover, DE.  

Firm Linked to Bridge Collapse Receiving Contracts

May 31, 2012 4:50 am | by The Associated Press | News | Comments

An engineering company linked to the 2007 interstate bridge collapse in Minneapolis continues to work for the city, receiving more than two dozen contracts in the last five years.Despite Gov. Mark Dayton's hesitation in doing business with URS Corp., the city has awarded the California company...

Cricket gets first prepaid iPhone in US

May 31, 2012 4:50 am | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

Leap Wireless, the parent of the Cricket cellphone service, says it will be the first U.S. phone company to sell the iPhone on a prepaid, no-contract basis.Starting June 22, Leap will start selling the iPhone 4S starting at $500 and the iPhone 4 starting at $400. Service will cost $55 per month...

Boeing Delivers 20th 747-8

May 31, 2012 4:40 am | by Boeing | News | Comments

Atlas Air to operate airplane on behalf of Panalpina EVERETT, Wash., May 31, 2012 /PRNewswire/ -- Boeing (NYSE: BA) today marked the 20th delivery of its new 747-8. The airplane, a 747-8 Freighter, was delivered to Atlas Air Worldwide Holdings, Inc. Atlas Air will operate it on behalf of...

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VW workers in Germany get 4.3 percent raise

May 31, 2012 2:50 am | by The Associated Press | News | Comments

Automaker Volkswagen AG is giving its employees in Germany a 4.3 percent wage raise over the next year, in line with a recent deal for other German manufacturing workers.The 13-month pay agreement for some 102,000 workers reached Thursday runs from June 1 through June 2013.Volkswagen chief...

SpaceX Dragon Leaves Space Station for Trip Home

May 31, 2012 2:50 am | by MARCIA DUNN - AP Aerospace Writer - Associated Press | News | Comments

The SpaceX Dragon capsule left the International Space Station early Thursday and aimed for a Pacific splashdown to end its historic flight.Astronauts set the world's first commercial supply ship loose after a five-day visit, releasing the vessel with the space station's robot arm. The Dragon...

Judge outlines new plan for Gulf oil spill trial

May 31, 2012 12:50 am | by The Associated Press | News | Comments

A federal judge has outlined a new structure for a trial of Gulf oil spill claims that wouldn't be resolved by a proposed class-action settlement between BP PLC and a team of plaintiffs' attorneys.In an order Wednesday, U.S. District Judge Carl Barbier said the trial scheduled to start Jan. 14,...

Apple moves closer to iPad 3 sales in China

May 30, 2012 8:50 pm | by The Associated Press | News | Comments

Chinese regulators have approved Apple's iPad 3, possibly moving the company closer to launching the latest version of its tablet in the fast-growing Chinese market.The Chinese government's telecommunications equipment certification agency identified the product as A1430 in an announcement...

GM signs 5-year deal to sponsor Manchester United

May 30, 2012 8:50 pm | by TOM KRISHER - AP Auto Writer - Associated Press | News | Comments

General Motors is still working out how it will spend the money it is saving by scrapping ads on Facebook and pulling out of the Super Bowl.But it has decided that at least some will go toward a five-year deal to make Chevrolet the official automotive sponsor of the popular British soccer club...

Ecuador plaintiffs try to collect from Chevron

May 30, 2012 7:50 pm | by The Associated Press | News | Comments

The plaintiffs who won an $18 billion pollution judgment against Chevron Corp. in Ecuador say they have begun their campaign to collect the money, filing suit against the company in Canada.Plaintiffs' lawyer Pablo Fajardo says the case filed in an Ontario court Wednesday is the first in a...

Former Spectranetics CEO sentenced to probation

May 30, 2012 6:50 pm | by The Associated Press | News | Comments

Former Spectranetics Corp. CEO John Schulte has been sentenced to a year of probation for lying to federal investigators.The Gazette reports (http://bit.ly/MZj907 ) a federal judge also ordered Schulte to pay a $5,000 fine and to perform 100 hours of community service. His attorney, Thomas...

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