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McConnell focuses on protecting jobs in Ky.

May 30, 2012 4:50 pm | by ROGER ALFORD - Associated Press - Associated Press | News | Comments

Senate Republican Leader Mitch McConnell received a hero's welcome Wednesday at a Louisville aluminum fabricating plant that had fallen on hard times until he helped pass fair trade legislation, protecting some 400 jobs.In a post-earmarks Washington, McConnell has been using his political...

Indictments against former Eaton engineers dropped

May 30, 2012 3:50 pm | by JEFF AMY - Associated Press - Associated Press | News | Comments

Federal prosecutors in Mississippi have dropped criminal cases against five aerospace engineers accused of stealing trade secrets.Senior U.S. District Judge William Barbour dismissed indictments against the men Wednesday. They were accused in 2007 of taking trade secrets from Eaton Corp when...

American to hold new round of talks with unions

May 30, 2012 3:50 pm | by The Associated Press | News | Comments

American Airlines plans to start contract talks this week with its unions while it waits for a federal bankruptcy judge to decide whether the company can impose its own terms on workers.Thomas Horton, the CEO of American Airlines parent AMR Corp., said Wednesday that the talks will be mediated...

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US again imposes clean-energy tariffs on China

May 30, 2012 2:50 pm | by The Associated Press | News | Comments

The Obama administration moved Wednesday to impose stiff new tariffs on wind-energy towers made in China, the latest strike in an escalating trade war over clean energy.The Commerce Department said in a preliminary decision that Chinese companies have received government subsidies on steel wind...

HP taps software exec as chief operating officer

May 30, 2012 2:50 pm | by The Associated Press | News | Comments

Hewlett-Packard Co. has promoted Bill Veghte to chief operating officer, the latest expansion of his responsibilities since the slumping technology company hired Meg Whitman as its CEO eight months ago.The appointment announced Wednesday makes it clear that Whitman intends to lean heavily on...

Comptroller: NYC could recoup $163M in 911 effort

May 30, 2012 2:50 pm | by SAMANTHA GROSS - Associated Press - Associated Press | News | Comments

A contractor hired by New York City to overhaul its 911 system may have received as much as $163 million in unjustified payments, city Comptroller John Liu announced Wednesday, saying he had asked prosecutors to investigate whether there had been any criminal fraud.Auditors in Liu's office...

USS Iowa reaches California, will become museum

May 30, 2012 2:50 pm | by The Associated Press | News | Comments

The USS Iowa, a World War II-era battleship, was at anchor Wednesday off the Port of Los Angeles, where it will become a museum.The decommissioned warship arrived after being towed down the California coast from the Port of Richmond.The Iowa will be permanently berthed in the port and operated...

Caesars Entertainment CFO going to NV Energy

May 30, 2012 2:50 pm | by The Associated Press | News | Comments

A Caesars Entertainment Corp. executive is leaving to the Las Vegas-based casino giant to take a senior position with Nevada's largest utility company, NV Energy Inc.Caesars announced Wednesday that Executive Vice President and Chief Financial Officer Jonathan Halkyard is departing.NV Energy...

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FACT CHECK: Oil stats belie tough enforcement talk

May 30, 2012 1:50 pm | by DINA CAPPIELLO - Associated Press - Associated Press | News | Comments

In the three years since President Barack Obama took office, Republicans have made the Environmental Protection Agency a lightning rod for complaints that his administration has been too tough on oil and gas producers.But an Associated Press analysis of enforcement data over the past decade...

Review: A mapping contender emerges in MapQuest

May 30, 2012 1:50 pm | by ANICK JESDANUN - AP Technology Writer - Associated Press | News | Comments

The summer travel season has arrived in the U.S., and with gas prices going down, it's time to plan a road trip.For a Memorial Day weekend trip to Arizona, I checked four free services that provide driving directions — Google, Yahoo, AOL's MapQuest and Microsoft's Bing. I made it from Phoenix's...

Europe proposes banking union to ease debt crisis

May 30, 2012 1:50 pm | by DAVID McHUGH - AP Business Writers - Associated Press | News | Comments

As Europe's debt crisis intensifies, top officials say the continent urgently needs a central authority with the financial muscle to fix its broken banks.The proposal could give immediate relief to Spain's increasingly fragile economy, with its borrowing rates rising to unsustainable levels,...

Brazil prosecutors seek payment from Shell, BASF

May 30, 2012 1:50 pm | by MARCO SIBAJA - Associated Press - Associated Press | News | Comments

Brazilian prosecutors said Wednesday that they asked a court to force oil company Shell and the world's largest chemical company, BASF, to immediately pay $500 million into a compensation fund for hundreds of workers who may have been contaminated at an agricultural chemicals plant.The...

Whirlpool advances in fight over Korean imports

May 30, 2012 1:50 pm | by The Associated Press | News | Comments

Whirlpool Corp. advanced in its battle over foreign imports Wednesday after the Commerce Department reached a preliminary determination against the South Korea for subsidies paid to appliance makers based there.Whirlpool, based in Benton Harbor, Mich., filed a complaint in December that claims...

Alkermes ending development of constipation drug

May 30, 2012 1:50 pm | by The Associated Press | News | Comments

Alkermes PLC said Wednesday that it is ending development of an experimental drug for treating constipation caused by the use of opioid pain medications.The company reported mid-stage trial results for ALKS 37, saying the drug helped patients have more bowel movements and was well tolerated,...

Facebook closes lower once again

May 30, 2012 1:50 pm | by The Associated Press | News | Comments

After a brief reprieve in morning trading, Facebook's stock once again closed lower on Wednesday, nearly $10 below its initial public offering price.Shares of Facebook Inc. dropped 65 cents, or 2.3 percent, to close at $28.19. It's the third consecutive trading day the stock has dropped from...

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