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Califorina hedge fund manager arrested

May 15, 2009 10:31 pm | by The Associated Press | News | Comments

LOS ANGELES (AP) — A Beverly Hills hedge fund manager was arrested Friday on a charge he bilked investors out of $44.3 million, including $5 million he lost playing poker, the U.S. attorney's office said.Bradley L. Ruderman, 46, surrendered to FBI agents after being named in a wire fraud complaint....

Berkshire invests in Wells Fargo, US Bancorp, J & J

May 15, 2009 2:21 pm | by JOSH FUNK - AP Business Writer - Associated Press | News | Comments

OMAHA, Neb. (AP) — Warren Buffett's company found more bargains among beaten down marquee stocks during the first quarter as it added to its sizable investments in Wells Fargo & Co., US Bancorp and Johnson & Johnson.Berkshire Hathaway Inc. revealed those investments and several other changes to its...

Judge blocks 'robo-calls' selling car warranties

May 15, 2009 2:21 pm | by MIKE ROBINSON - Associated Press Writer - Associated Press | News | Comments

CHICAGO (AP) — A federal judge has issued two temporary restraining orders designed to stop what officials describe as a wave of deceptive "robo-calls" warning people their auto warranties are expiring and offering to sell them new service plans."Today the FTC has disconnected the people...


Initial public offerings to debut next week

May 15, 2009 2:21 pm | by The Associated Press | News | Comments

NEW YORK (AP) — The following is a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, CT ( and SEC filings.

FDIC holds off on longer guarantee for some bonds

May 15, 2009 2:01 pm | by MARCY GORDON - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — Facing objections from the Obama administration, the Federal Deposit Insurance Corp. has delayed a plan to stretch the term of the government guarantee for bonds issued by banks that are backed by mortgages and other collateral.The FDIC in January proposed extending the guarantee...

Meltdown 101: Consumer price index by the numbers

May 15, 2009 2:01 pm | by MARTIN CRUTSINGER - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — Consumer prices overall were flat last month. But if you examine the details of the latest consumer price report, you'll find plenty of turbulence hidden beneath that surface calm.For starters, it was a good month to follow your mother's advice. Drink your milk, and don't smoke....

Treasurys dip modestly after economic data

May 15, 2009 1:56 pm | by MADLEN READ - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Signs of a stabilizing economy led investors on Friday to cash in some recent gains in the Treasury market.The Labor Department said consumer prices were flat in April, but only after taking into account declining food and energy prices. Excluding food and energy, consumer prices...

Introduction to Linear Actuators

May 15, 2009 1:23 pm | by HaydonKerk | Haydon Switch & Instrument, Inc. | Articles | Comments

Converting rotary to linear motion can be accomplished by several mechanical means using a rotary motor, rack and pinion, belt and pulley, and other mechanical linkages, which require many components to couple and align. Although these methods can be effective, they each carry certain limitations.    


Dollar climbs as US economic data top forecasts

May 15, 2009 1:10 pm | by The Associated Press | News | Comments

NEW YORK (AP) — The dollar jumped against the euro and the pound Friday after a U.S. economic report suggested the recession is easing, while German government data showed Europe's largest economy shrank by 3.8 percent in the first quarter.The 16-nation euro dropped to $1.3476 in late New York...

Auto dealers' cuts mean less cash for charities

May 15, 2009 1:04 pm | by MELISSA TRUJILLO - Associated Press Writer - Associated Press | News | Comments

BOSTON (AP) — Jim Dimopoulos can't remember every organization his car dealership helped out in its 36 years of operation: police and fire associations, cheerleaders, baseball teams, even high school yearbook classes in his town.But now those donations are finished, just like his business.Seacoast...

Algor Upgrades Simulation Tools

May 15, 2009 12:50 pm | News | Comments

Algor is now shipping new functionality with the latest version of Algor simulation software. Algor is now part of the Autodesk solution for Digital Prototyping, which takes engineers beyond 3D to design, visualize and simulate a complete product with a single digital model. 

Prices hold steady as industrial production dips

May 15, 2009 12:28 pm | by CHRISTOPHER S. RUGABER - AP Economics Writers - Associated Press | News | Comments

WASHINGTON (AP) — More evidence emerged Friday that the recession is easing, with output by the nation's factories, mines and utilities falling at the slowest pace in six months.At least one area of the economy is flat, but that's welcome news. Consumer prices were level in April after a slight dip...

Gold prices inch higher on consumer price data

May 15, 2009 12:28 pm | by SARA LEPRO - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Gold prices closed slightly higher Friday, finishing the week with a gain amid signs that a drop in consumer prices is moderating.Energy and agriculture futures retreated.The Labor Department said consumer prices were flat in April after dipping 0.1 percent in March. While the...

Dillard's posts 1st-qtr profit despite sales slump

May 15, 2009 12:28 pm | by SARAH SKIDMORE - AP Retail Writer - Associated Press | News | Comments

PORTLAND, Ore. (AP) — Dillard's Inc. department stores reported Friday that its first-quarter sales fell 12 percent, though it posted a $7.7 million profit because of a one-time gain.The Little Rock, Arkansas-based chain said it earned 10 cents per share for the quarter, including a pretax gain of...

With demand increasing, utility starts to deal

May 15, 2009 12:23 pm | by JAY LINDSAY - Associated Press Writer - Associated Press | News | Comments

MARSHFIELD, Mass. (AP) — Len Bicknell angled his new garage toward the sun two decades ago, making room for the solar panels he planned to slap on top. He couldn't afford the expensive panels until several months ago, however, when the company with seemingly the most to gain from big electric bills...


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