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Judge Orders Halt to Samsung Sales of Galaxy Tab

June 26, 2012 8:50 pm | by PAUL ELIAS - Associated Press - Associated Press | News | Comments

A judge late Tuesday ordered Samsung Electronics Co. to halt sales of its Galaxy 10.1 tablet computer while the court considers Apple's claim the South Korean tech giant illegally copied the design of the popular iPad.U.S. District Judge Lucy Koh said Apple Inc.'s lawsuit appeared likely to...

LA Times wins Loeb for series on used-car lots

June 26, 2012 6:50 pm | by The Associated Press | News | Comments

A Los Angeles Times reporter has won a Loeb award, business journalism's top honor, for a series of stories exposing the dubious business practices of "Buy Here Pay Here" used car lots.Ken Bensinger's three-part "Wheels of Fortune" series showed how the dealers lure the least creditworthy...

Puerto Rico OneLink Communications to be sold

June 26, 2012 3:50 pm | by The Associated Press | News | Comments

Colorado-based cable company Liberty Global Inc. says subsidiary LGI Broadband Operations and a private investment firm will buy OneLink Communications in Puerto Rico for $585 million to create the island's largest cable operator.Liberty Global Inc. announced Tuesday that LGI will own 60...

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W.Va. AG sues 14 pain drug distributors

June 26, 2012 2:50 pm | by LAWRENCE MESSINA - Associated Press - Associated Press | News | Comments

West Virginia Attorney General Darrell McGraw announced lawsuits Tuesday against 14 pharmaceutical drug distributors, alleging their negligent practices have helped fuel the state's pain pill abuse epidemic.The complaints in Boone County Circuit Court seek to ensure the companies halt all...

North America fuels Q2 rise in global M & A deals

June 26, 2012 2:50 pm | by PAN PYLAS - Associated Press - Associated Press | News | Comments

North American businesses led a global increase in corporate deals during the second quarter, offsetting another decline in crisis-afflicted Europe, a consultancy said Wednesday.In its quarterly tracker of mergers and acquisitions, or M&A, Ernst & Young found that the volume of announced deals...

Bankruptcy costs push AMR to net loss in May

June 26, 2012 2:50 pm | by The Associated Press | News | Comments

American Airlines' parent AMR Corp. posted a net loss of $132 million in May but a slender profit of $2 million after excluding costs related to its bankruptcy case.May's net loss was slightly smaller than April's, and revenue rose 6 percent from the previous month. The company did not provide...

Boeing, Embraer Teaming Up On Military Plane

June 26, 2012 2:50 pm | by The Associated Press | News | Comments

Brazilian aircraft manufacturer Embraer and U.S. company Boeing say they've agreed to share technical knowledge and market assessments on the development of a Brazilian military cargo plane.Embraer hopes its KC-390 plane will eventually replace Lockheed Martin's Hercules C130 as the globe's...

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Zynga expands game line up amid investor doubts

June 26, 2012 2:50 pm | by MICHAEL LIEDTKE - AP Technology Writer - Associated Press | News | Comments

Web game maker Zynga is trying to turn its digital playground into an even more entertaining place, working to prove wrong investors who doubt that it can build a long-lasting business.Zynga unveiled features Tuesday that include a network designed to provide the more than 290 million players...

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Boeing commercial plane chief Albaugh retiring

June 26, 2012 1:50 pm | by The Associated Press | News | Comments

The head of Boeing's commercial airplanes division is retiring.Jim Albaugh has run the biggest division at Boeing for almost three years. He was brought in at a time when its expensive new plane, the 787, was struggling with delays. The 787 has now been delivered, along with a revamped version...

Solar prices expected to keep falling in 2012

June 26, 2012 1:50 pm | by The Associated Press | News | Comments

Solar equipment manufacturers will struggle for the rest of the year with a sustained drop in panel prices, a Goldman Sachs analyst said Tuesday.Prices have tumbled for the past few years as Chinese manufacturers flooded the market with cheap solar systems. Analyst Amy Song said China appears...

Roche closing US site in 2013, cutting 1K jobs

June 26, 2012 1:50 pm | by LINDA A. JOHNSON - AP Business Writer - Associated Press | News | Comments

Swiss drugmaker Roche Holding AG said Tuesday it will close its former U.S. headquarters, a sprawling facility where the groundbreaking drugs Valium and interferon were invented.The move is part of a consolidation of research and development programs that will eliminate 1,000 jobs and shut down...

CEO Interview: Zynga's Mark Pincus, unleashed

June 26, 2012 1:50 pm | by BARBARA ORTUTAY - AP Technology Writer - Associated Press | News | Comments

Mark Pincus — the other Mark of Silicon Valley — helped usher in the Facebook era with catchy games that got people clicking on virtual cows and building virtual cities while staying on Facebook for hours on end.Named after Pincus's late American Bulldog, Zynga, the company that gave us...

A Powerful Concern in Medical Device Design

June 26, 2012 1:26 pm | by Ed Seaman, VP Sales, GlobTek | Articles | Comments

When you consider that a power supply is essential to electronics, it is amazing that so many designers wait until the end of the design process to design-in their power source.

Ohio judge stops state Medicaid contract process

June 26, 2012 12:50 pm | by The Associated Press | News | Comments

A central Ohio judge has blocked the state from moving forward with tentative Medicaid contracts it awarded to five managed-care organizations.Franklin County Common Pleas Judge Richard Sheward on Tuesday ordered the contract process halted for now, at the request of Aetna Better Health of...

Roche closing NJ site in 2013, cutting 1K jobs

June 26, 2012 12:50 pm | by The Associated Press | News | Comments

Swiss drugmaker Roche Holding AG is closing its former U.S. headquarters, a sprawling facility where the groundbreaking drugs Valium and interferon were invented.The move is part of a consolidation of research programs that will eliminate 1,000 jobs and shut down the site in Nutley, N.J., by...

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