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Microsoft to take $6.2B charge for online ad biz

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

Microsoft says it will take $6.2 billion charge for the declining value of online ad division.It's largely for the 2007 purchase of the online ad business aQuantive. Microsoft Corp. has been struggling against Google Inc., which dominates in search and the online ads shown with search results.

Feds propose $3.7M penalty for Mich. oil spill

July 2, 2012 12:50 pm | by JOHN FLESHER - AP Environmental Writer - Associated Press | News | Comments

Federal regulators proposed a $3.7 million civil penalty Monday against the Canadian owner of a pipeline that ruptured in 2010, dumping more than 800 million gallons of oil into a southwestern Michigan river.The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety...

PG & E: 239 Calif. pipelines at risk of failure

July 2, 2012 11:50 am | by The Associated Press | News | Comments

Pacific Gas and Electric Co. says more than 200 of its gas pipelines are in danger of a failure similar to the deadly 2010 explosion in the San Francisco suburb of San Bruno.The PG&E Corp. unit found the transmission pipelines had sections riddled with vulnerable seam welds. It identified a...


Xerox buys Lateral Data for $30M

July 2, 2012 11:50 am | by The Associated Press | News | Comments

Xerox Corp. said Monday it has paid $30 million to acquire Lateral Data, whose Viewpoint software helps streamline the process of producing electronic data in legal and regulatory matters.Xerox, based in Norwalk, Conn., said Lateral Data, which is based in Houston, is now part of its litigation...

Power restoration wrapping up in Delaware

July 2, 2012 11:50 am | by The Associated Press | News | Comments

Delmarva Power is close to restoring power to all customers who lost electrical service in a weekend storm.Delmarva, a unit of Pepco Holdings Inc., said Monday that power had been restored to more than 97 percent of customers affected by the storm, but crews were still being dispatched to...

USG to invest $60M in Oman gypsum partnership

July 2, 2012 11:50 am | by The Associated Press | News | Comments

Wallboard maker USG Corp. said Monday that it will invest about $60 million over the next two years as part of a partnership with the Zawawi Group of Oman to capitalize on growing demand for building products in the Middle East and India.Chicago-based USG said the investment will provide new...

Review: Google's Nexus 7 guns for the Kindle

July 2, 2012 11:50 am | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

In the 1982 sci-fi movie "Blade Runner," there are hints that the hero, played by Harrison Ford, is an artificial human — an "android" or "replicant." His job is to go out and kill other, rogue androids.If he's an android, he's of the latest model, Nexus 7. That's also the name Google Inc. has...

Consol Energy sells $170M in coal, gas property

July 2, 2012 11:50 am | by The Associated Press | News | Comments

Coal and natural gas producer Consol Energy Inc. said Monday that it sold its non-producing assets in the northern Powder River Basin for $170 million in cash to Cloud Peak Energy.Consol, based in Pittsburgh, has been focusing on Appalachian coal and gas since a major acquisition there in...


EverBank to buy lending business of GE Capital

July 2, 2012 11:50 am | by The Associated Press | News | Comments

EverBank Financial Corp. says it will buy the business property lending business of GE Capital Real Estate for $2.51 billion.EverBank, based in Jacksonville, Fla., said Monday that the acquisition will allow it critical access to business property lending. GE Capital's Business Property Lending...

Precision Castparts agrees to buy Klune Industries

July 2, 2012 10:50 am | by The Associated Press | News | Comments

Metal parts maker Precision Castparts Corp. said Monday that it will buy Klune Industries, which makes components used in building the structure of airplanes.Precision Castparts did not disclose terms of the deal. It said Klune has around 470 employees. Subject to regulatory approvals,...

Ixia buying BreakingPoint Systems for $160M

July 2, 2012 10:50 am | by The Associated Press | News | Comments

Network hardware maker Ixia is buying security testing provider BreakingPoint Systems Inc. for $160 million in cash.BreakingPoint's products are used by a variety of businesses and government agencies in part to test their wired and wireless infrastructures and protect against cyber-attacks.The...

2nd round of storms cuts power for more Ohioans

July 2, 2012 10:50 am | by DAN SEWELL - Associated Press - Associated Press | News | Comments

When the lights began flickering during another bout of thunderstorms, Leo Welsh braced himself for his second power outage in three days and decided there was no point in getting upset.The first outage at his Columbus home followed winds of up to 80 mph on Friday. While other Ohio residents...

Ohio regulators to decide on rate hikes

July 2, 2012 10:50 am | by The Associated Press | News | Comments

An end is in sight for an unusually public battle over electric costs in Ohio.State utility regulators at the Public Utilities Commission are scheduled to rule Monday on rate increases proposed by Columbus-based American Electric Power Co. that have concerned consumers and competitors. The...

Osram’s New Oslon Signal LED

July 2, 2012 10:06 am | by PD&D Staff | Osram Opto Semiconductors Inc. | Product Releases | Comments

Osram Opto Semiconductors’  new Oslon Signal LED currently provides the world’s brightest blue light.

GE signs deal to work with Russian oil co

July 2, 2012 9:50 am | by The Associated Press | News | Comments

General Electric Co. signed a memorandum of understanding with Russian oil company OJSC Rosneft that could lead to joint appraisal and development of oil and gas fields in Russia.Financial terms were not disclosed.GE's technology would be made available to the state-owned company, which is...


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