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Sourcefire CEO Burris being treated for cancer

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

Computer network security company Sourcefire Inc. said Monday that its CEO, John Burris, has begun a leave to undergo treatment for colon cancer.The company said Burris' medical leave began Thursday. He has worked at Sourcefire since 2008 and will remain on the board. Company founder and Chief...

S & P updates MidCap 400 index

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

S&P Dow Jones Indices LLC announced Monday that Rosetta Resources Inc. will replace Catalyst Health Solutions Inc. in the S&P MidCap 400 index after the close of trading on July 5.The move comes as a result of SXC Health Solutions Corp.'s acquisition of Catalyst Health Solutions, expected to be...

Brazil judge: Shell, BASF must put $382M in fund

July 2, 2012 2:50 pm | by BRADLEY BROOKS - Associated Press - Associated Press | News | Comments

A Brazilian judge has ruled that the local subsidiaries of oil company Shell and the world's largest chemical company, BASF, must pay $382 million into a compensation fund to potentially cover more than 1,000 workers who allege they were contaminated and sickened at an agricultural chemical...

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China fishermen sue ConocoPhillips over spills

July 2, 2012 2:50 pm | by JUAN A. LOZANO - Associated Press - Associated Press | News | Comments

A group of 30 fishermen from China sued ConocoPhillips in U.S. federal court on Monday, claiming their livelihoods have been greatly impacted by two oil spills last year from the company's offshore drilling operations in northeastern China.Attorneys for the fishermen said the lawsuit was filed...

Anadarko sells minority stake in Gulf development

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

Anadarko Petroleum Corp. has agreed to sell a 7.2 percent working interest in a Gulf of Mexico project to an undisclosed party for $556 million to cover development costs.The Woodlands, Texas, independent oil and natural gas producer said Monday that the money should finance the Lucius project...

SC regulators clear last bar to Duke-Progress deal

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

South Carolina utilities regulators are giving the final approval needed before Duke Energy can complete its takeover of Progress Energy and form the largest American electric company.Public Service Commission of South Carolina decided Monday that the merged company could more efficiently and...

Johnson & Johnson recalls K-Y Liquibeads

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

Johnson & Johnson said Monday it is taking its K-Y Liquibeads vaginal lubricant off the market because regulators believe the product needs an additional approval.The New Brunswick, N.J., company said it there are no safety or performance issues and consumers are not being asked to return any...

Brookdale Senior Living names new chairman

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

Brookdale Senior Living Inc. said Monday that its non-executive chairman has stepped down and named a current member of the board to replace him. Wesley Edens will remain a member of Brookdale's board, the company said. Edens, 50, had been chairman since Brookdale's formation.The appointment of...

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Workers' union back at talks with American

July 2, 2012 12:50 pm | by JUSTIN JUOZAPAVICIUS - Associated Press - Associated Press | News | Comments

Workers at American Airlines' Tulsa maintenance base said they were hopeful Monday that the bankrupt air carrier could reach labor agreements with pilots, flight attendants and mechanics.American has said a bankruptcy court judge could throw out current contracts with workers if it's unable to...

Exterran Holdings gets Williams Partners contract

July 2, 2012 12:50 pm | by The Associated Press | News | Comments

Oil and gas services provider Exterran Holdings Inc. said Monday that it received a contract from Williams Partners to design, make and install natural gas facilities in West Virginia.Financial terms were not disclosed.The facilities are part of Williams Partners' Ohio Valley midstream...

Kodak shuts photo-sharing site on schedule

July 2, 2012 12:50 pm | by The Associated Press | News | Comments

One of the Internet's first photo-sharing sites has closed.Eastman Kodak Co. shut its Kodak Gallery service as scheduled on Monday. Kodak filed for bankruptcy protection in January and sold much of the photo-sharing business to Shutterfly for $23.8 million as Kodak tries to generate cash and...

Chinese fishermen sue ConocoPhillips over spills

July 2, 2012 12:50 pm | by JUAN A. LOZANO - Associated Press - Associated Press | News | Comments

A group of Chinese fishermen is suing ConocoPhillips in U.S. federal court, claiming their livelihoods have been greatly impacted by a series of oil spills last year from the company's operations in northeastern China.The lawsuit filed Monday in U.S. District Court in Houston seeks unspecified...

Tellabs CEO Rob Pullen dies from colon cancer

July 2, 2012 12:50 pm | by The Associated Press | News | Comments

Communications equipment maker Tellabs Inc. said Monday that CEO Rob Pullen has died of cancer.In a statement, Tellabs Chairman Michael Birck said Pullen died on Monday. The company announced in April that Pullen, 50, was being treated for colon cancer. He had worked for Tellabs since January...

Microsoft Corp. says it will take $6.2 billion charge for declining value of online ad unit

July 2, 2012 12:50 pm | by The Associated Press | News | Comments

Microsoft Corp. says it will take $6.2 billion for declining value of online ad division.

Pike Electric expected to benefit from outages

July 2, 2012 12:50 pm | by The Associated Press | News | Comments

Shares of utility engineering company Pike Electric Corp. jumped Monday on news that it's likely to win substantial work from the effort across the mid-Atlantic region to restore power to millions of utility customers following this weekend's storm.The company also said on Monday that it has...

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