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Hercules Technology Growth Capital names CFO

March 29, 2012 3:50 pm | by The Associated Press | News | Comments

Specialty finance company Hercules Technology Growth Capital Inc. said Jessica Baron will become chief financial officer after being interim CFO since June.Baron was named interim CFO after David Lund resigned on May 31.Hercules Technology Growth Capital invests in and lends money to public and...

Apple assembly line gets pay raise, fewer hours

March 29, 2012 2:50 pm | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

Chinese workers who often spend more than 60 hours per week assembling iPhones and iPads will have their overtime hours curbed and their pay increased after a labor auditor hired by Apple Inc. inspected their factories.The Fair Labor Association says Hon Hai Precision Industry Co., the...

Money market fund assets fell to $2.605 trillion

March 29, 2012 2:50 pm | by The Associated Press | News | Comments

Total U.S. money market mutual fund assets fell $17.16 billion to $2.605 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.Assets of the nation's retail money market mutual funds fell $6.26 billion to $908.20 billion, the Washington-based mutual fund...

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Company extends deadline for sale of Pa. refinery

March 29, 2012 1:50 pm | by The Associated Press | News | Comments

Multiple parties are interested in buying a suburban Philadelphia oil refinery that has threatened to close due to weak market conditions.A spokesman for the facility's owner, ConocoPhillips, says the company has extended its sale deadline until the end of May to allow for negotiations. The...

JetBlue co-pilot, unlikely hero, instant celebrity

March 29, 2012 1:50 pm | by SAMANTHA BOMKAMP - AP Airlines Writer - Associated Press | News | Comments

Friends and relatives of the co-pilot of JetBlue Airways flight 191 say he doesn't want to be considered a hero — but that's exactly what many are calling him.Pilots train for a range of in-flight mishaps including sick passengers, emergency landings and terrorist attacks. But Jason Dowd faced...

Spain engulfed by nationwide anti-austerity strike

March 29, 2012 1:50 pm | by CIARAN GILES - Associated Press - Associated Press | News | Comments

Spanish workers enraged by austerity-driven labor reforms to prevent the nation from becoming Europe's next bailout victim slowed down the country's economy in a general strike Thursday, closing factories and clashing with police as the new-center right government tried to convince investors...

IPO market heats up amid cautious optimism

March 29, 2012 1:50 pm | by BARBARA ORTUTAY - AP Technology Writer - Associated Press | News | Comments

A better economic outlook and rising stock market are heating up the market for initial public offerings this spring, just weeks before Facebook's anticipated massive IPO.In the past two days, two companies have notched the biggest first-day gains for a freshly public company since LinkedIn...

3D Mouse Demo Video

March 29, 2012 12:54 pm | by GrabCAD | News | Comments

3Dconnexion wants 3D mouse users to show non 3D mouse users what they are missing by creating a demo video.

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Report: Illegal overtime on Apple assembly line

March 29, 2012 12:50 pm | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

Workers who assemble iPhones and iPads often put in more than 60 hours per week —and sometimes work for a week straight— in violation of Chinese law, according to the first independent labor audit of the Chinese factories where Apple products are made.The report released Thursday by the...

FDA to Re-Examine Safety of Metal Hips

March 29, 2012 11:50 am | by The Associated Press | News | Comments

The Food and Drug Administration will hold a two-day meeting in June to discuss growing safety concerns about metal-on-metal hip replacements, which recent studies suggest are more likely to fail than traditional plastic hips.Metal hip joints have been under scrutiny due to reports of pain and...

French nuclear physicist in terror trial

March 29, 2012 11:50 am | by INGRID ROUSSEAU - Associated Press - Associated Press | News | Comments

An Algerian-born former nuclear physicist accused of plotting with al-Qaida's north African arm to attack a French military base or economic interests went on trial Thursday, insisting he never took any step toward carrying out terrorism — and simply exchanged ideas online.Adlene Hicheur, 35,...

Sony Pictures head Lynton to oversee US operations

March 29, 2012 11:50 am | by The Associated Press | News | Comments

Sony Corp. says that Michael Lynton, the chairman of movie studio Sony Pictures, will be promoted to chief executive of all of Sony's operations in the U.S.Lynton will continue to head Sony Pictures along with co-chairman Amy Pascal.Nicole Seligman, Sony's general counsel, will become president...

Bright Future for Global Composites Business

March 29, 2012 11:45 am | by PD&D Editorial Staff | News | Comments

The future of yarns in the composite business is really exciting right now. Companies are looking for materials that are lighter, stronger, and stiffer.

Forest Labs says FDA extended review of lung drug

March 29, 2012 10:50 am | by The Associated Press | News | Comments

Forest Laboratories Inc. said Thursday that regulators will take another three months to review its drug disease drug candidate aclidinium.Forest said the Food and Drug Administration now expects to make a decision on aclidinium in July instead of April. The company did not give a reason for...

Red Hat's red-hot shares climb to 12-year high

March 29, 2012 10:50 am | by The Associated Press | News | Comments

Red Hat is red hot. The software maker's shares are up 19 percent Thursday, hitting a 12-year high, after an earnings report that highlighted how much Red Hat is benefiting from a shift in the way big companies meet their technological needs.The stock is surging $9.69 to $61.08 in afternoon...

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