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Apple's New iPad Makes Uneventful China Debut

July 19, 2012 6:50 pm | by The Associated Press | News | Comments

The latest iPad has received an uneventful launch in China after Apple Inc. settled a lawsuit with a local company over ownership of the popular tablet computer's name.A few dozen customers waited at Apple stores in Beijing and Shanghai on Friday. They were required to order iPads in advance...

Ga company agrees to not sell drug chemicals in WV

July 19, 2012 3:50 pm | by The Associated Press | News | Comments

A Georgia company that was sued by West Virginia Attorney General Darrell McGraw has agreed not to sell or advertise its synthetic drug chemicals in the state.McGraw sued Alpharetta, Ga.-based Nutragenomics Manufacturing LLC in April. McGraw has said the company was a "significant distributor"...

Southwest to pay $100M to fix up planes for Delta

July 19, 2012 3:50 pm | by The Associated Press | News | Comments

Southwest Airlines Co. said Thursday that it expects to pay $100 million to refurbish 88 planes that it will lease to Delta Air Lines Inc.That's twice as much as Southwest expected to spend on makeovers if it had kept the planes. Officials said it still made sense to lease the planes because...

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Judge gives OK to raze flawed Vegas hotel tower

July 19, 2012 2:50 pm | by KEN RITTER - Associated Press - Associated Press | News | Comments

A Nevada state judge is giving the go-ahead to raze a flawed hotel tower that never opened when MGM Resorts International and Dubai World opened the rest of the $8.5 billion CityCenter development on the Las Vegas Strip.However, Clark County District Court Judge Elizabeth Gonzalez's ruling...

Yahoo CEO Mayer's Pay Package Worth More Than $59M

July 19, 2012 2:50 pm | by The Associated Press | News | Comments

Yahoo is giving its new chief executive Marissa Mayer a compensation package worth more than $59 million over the next several years.Yahoo Inc. said in a regulatory filing Thursday that Mayer will receive an annual salary of $1 million. She's also eligible for a $2 million bonus, and $12...

Brazil says Chevron oil leak larger than estimated

July 19, 2012 1:50 pm | by The Associated Press | News | Comments

Brazil's oil regulator says Chevron Corp. could have prevented an offshore oil leak last year. It also says the leak was larger than previously estimated.Magda Chambriard says the National Petroleum Agency she heads has concluded its investigation into Chevron's leak off the Rio de Janeiro...

Report: J & J will pay $2.2B in Risperdal settlement

July 19, 2012 1:50 pm | by The Associated Press | News | Comments

A published report says Johnson & Johnson has agreed to pay as much as $2.2 billion to resolve an investigation into its marketing of the anti-psychotic drug Risperdal.Johnson & Johnson had been expected to resolve the investigation by paying about $2 billion, one of the largest-ever...

Arbitrator: Ford Didn't Violate UAW Agreement

July 19, 2012 12:50 pm | by The Associated Press | News | Comments

An arbitrator says Ford Motor Co. didn't violate an agreement with the United Auto Workers when it restored some benefits for salaried workers — but not hourly ones — two years ago.The UAW filed a grievance in 2010 saying Ford violated a commitment to share equally in any sacrifices when it...

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Money market fund assets fall to $2.539 trillion

July 19, 2012 12:50 pm | by The Associated Press | News | Comments

Total U.S. money market mutual fund assets fell $12.25 billion to $2.539 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.Assets of the nation's retail money market mutual funds fell $390 million to $885.76 billion, the Washington-based mutual fund...

SWIFT TRANSPORTATION COMPANY ANNOUNCES STRONG OPERATING INCOME AND EBITDA FOR SECOND QUARTER 2012

July 19, 2012 12:50 pm | by The Associated Press | News | Comments

Swift Transportation Company (NYSE:SWFT), a leader in transportation solutions and the nation's largest truckload provider, has issued its Second Quarter 2012 Letter to Stockholders. This letter is currently available on Swift's investor relations website: http://ir.swifttrans.com/, and will be...

Maryland congressman criticizes Pepco

July 19, 2012 11:50 am | by The Associated Press | News | Comments

Maryland Rep. Chris Van Hollen says Pepco Holdings Inc. should not receive a 4 percent rate increase until the utility makes meaningful progress on reliability.Van Hollen made the recommendation Thursday, a day before a deadline for the Maryland Public Service Commission to decide on the...

Taro Pharma rises after rejecting Sun's latest bid

July 19, 2012 11:50 am | by The Associated Press | News | Comments

Shares of Israeli drugmaker Taro Pharmaceutical Industries Ltd. rose Thursday after the company said its board rejected a buyout offer from competitor Sun Pharmaceutical Industries Ltd.Taro said Sun's offer is too low and accepting the bid was not in its best interests. Sun made an offer worth...

SD oil potential dampened by ND's record bonanza

July 19, 2012 11:50 am | by JAMES MacPHERSON - Associated Press - Associated Press | News | Comments

South Dakota has the four famed faces of Mount Rushmore, a few more pheasants than North Dakota and the world's only corn palace.But when it comes to crude oil, its neighbor to the north is king.The Dakotas have been locked in geographic sibling rivalry since 1889, when they were split from a...

Review: Internet-Focused Alternative in Chrome PCs

July 19, 2012 11:50 am | by RON HARRIS - Associated Press - Associated Press | News | Comments

Two new computers running Google's Chrome operating system are looking to lure people to a browser-based environment. Both target light-duty computer users who don't need the full range of capabilities that traditional Windows and Mac computers provide.The first thing to know about these...

Triumph Group names Frisby its CEO.

July 19, 2012 11:50 am | by The Associated Press | News | Comments

Aircraft supplier Triumph Group Inc. said Thursday that its board named Jeffry Frisby its chief executive.Frisby, the company's president and chief operating officer since 2009, succeeds Richard Ill, who will remain as the company's chairman, Triumph said.Frisby joined the company in 1998 when...

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