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US tightens off-balance-sheet loan rules

May 18, 2009 8:39 am | by MARCY GORDON - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — The board that sets U.S. accounting standards on Monday moved to end the use of a bookkeeping device that allowed banks to park hundreds of billions of dollars in loans off their balance sheets and that has been blamed for stoking financial companies' losses as the housing market...

Earnings Preview-Target Corp.

May 18, 2009 8:39 am | by The Associated Press | News | Comments

NEW YORK (AP) — Discount retailer Target Corp. reports earnings for the first quarter on Wednesday. The following is a summary of key developments and analyst opinion related to the period.OVERVIEW: Target Corp. is struggling with slower sales and rising delinquencies in its credit card...

Jurors warned about using Internet searches

May 18, 2009 8:29 am | by The Associated Press | News | Comments

PROVIDENCE, R.I. (AP) — Jurors in Rhode Island are getting new instructions that focus on new technologies.Judge Joseph Rodgers Jr., the state's presiding justice, has added warnings against the use such things as Internet searches and text messaging to the standard juror warnings against watching...

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Craigslist CEO asks SC AG to apologize for threat

May 18, 2009 8:29 am | by MEG KINNARD - Associated Press Writer - Associated Press | News | Comments

COLUMBIA, S.C. (AP) — Craigslist's chief executive demanded an apology from South Carolina's attorney general Monday, saying the prosecutor's threat to file prostitution charges against the company was unreasonable and unfair.Attorney General Henry McMaster threatened last week to prosecute...

Got an unusual name? Facebook may think it's fake

May 18, 2009 8:24 am | by BARBARA ORTUTAY - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — Alicia Istanbul woke up one recent Wednesday to find herself locked out of the Facebook account she opened in 2007, one Facebook suddenly deemed fake.The stay-at-home mom was cut off not only from her 330 friends, including many she had no other way of contacting, but also from the...

Integrated VW-Porsche company seems less likely, 3rd Ld-Writethru, EU

May 18, 2009 8:23 am | by OLIVER SCHMALE - Associated Press Writer - Associated Press | News | Comments

WEISSACH, Germany (AP) — A power struggle among members of two of Germany's oldest industrial families, the Porsches and the Piechs, is threatening to derail a deal to integrate the already intertwined Volkswagen AG and Porsche SE — suddenly deep in debt.VW's chairman Ferdinand Piech failed to turn...

Instant-On Power

May 18, 2009 8:19 am | News | Comments

Summit Microelectronics has expanded its third-generation programmable battery charger integrated circuit (IC) family with the introduction of the SMB329.

Home improvement chains rally after Lowe's results

May 18, 2009 8:13 am | by The Associated Press | News | Comments

CHICAGO (AP) — Shares of the nation's two largest home improvement chains climbed in Monday trading after Lowe's Cos. Inc. reported falling — but better-than-expected — first-quarter profit and boosted its full-year outlook.Shares of Lowe's climbed as much as 12 percent before dropping slightly...

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International Video Game Hall Of Fame

May 18, 2009 8:05 am | by Luke Meredith, Associated Press Writer | News | Comments

For a brief shining moment in the 1980s, Ottumwa was the unlikely hot spot of the fledgling video game industry as gamers around the globe flocked to this sleepy Iowa city and its video game arcade for a series of landmark tournaments. 

Lloyd retiring July 1 as Grand Rapids Press editor

May 18, 2009 7:43 am | by The Associated Press | News | Comments

GRAND RAPIDS, Mich. (AP) — Grand Rapids Press editor Mike Lloyd will retire July 1 after 31 years as the paper's top news executive.Publisher Danny Gaydou said Monday he will prepare a succession plan over the next several weeks.The 63-year-old Lloyd started at the newspaper in 1967 as a general...

Chrysler expands buyout, early retirement packages

May 18, 2009 7:38 am | by TOM KRISHER - AP Auto Writer - Associated Press | News | Comments

DETROIT (AP) — Chrysler LLC has expanded early retirement and buyout offers for workers at six of the eight factories that it plans to close as part of its bankruptcy restructuring.In some cases the offers are better than the ones currently on the table for all of Chrysler's roughly 26,000 hourly...

Energy prices bounce back ahead of holiday

May 18, 2009 7:13 am | by DIRK LAMMERS - AP Energy Writer - Associated Press | News | Comments

SIOUX FALLS, S.D. (AP) — Energy prices resumed their climb into summer driving season Monday, a show of confidence that Americans will overlook dismal economic news as they head out on their Memorial Day weekend trips.Benchmark crude for June delivery jumped $2.69 to settle at $59.03 a barrel on...

Founder buys ailing Conn. School of Broadcasting, 3rd Ld-Writethru, US

May 18, 2009 6:12 am | by KATIE NELSON - Associated Press Writer - Associated Press | News | Comments

HARTFORD, Conn. (AP) — The founder of the Connecticut School of Broadcasting has won approval to buy back the bankrupt business he started 45 years ago and plans to reopen campuses in seven states.A federal bankruptcy judge in Boston approved the sale of CSB to renowned Connecticut broadcaster Dick...

GM, UAW in dispute over imports and plant closures

May 18, 2009 5:52 am | by TOM KRISHER - AP Auto Writer - Associated Press | News | Comments

DETROIT (AP) — Critical concession talks between General Motors Corp. and the United Auto Workers are being overshadowed by a public spat about the automaker's plans to import vehicles from other countries while it closes 16 U.S. factories.The fight, which began last week, continues with less than...

Moody's raises rating on Japan bonds

May 18, 2009 4:36 am | by The Associated Press | News | Comments

TOKYO (AP) — Moody's Investors Service raised its rating on Japanese government bonds to the third-highest grade Monday, but it said the world's second-largest economy, mired in a deep recession, needs a sustained recovery for a higher bond rating.The ratings agency upgraded its grade on...

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