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University of Waterloo Wins CFdesign Award

May 22, 2009 5:40 am | News | Comments

Blue Ridge Numerics announces the University of Waterloo Formula Motorsports team has earned the 2009 Formula SAE (FSAE) CFdesign Computational Fluid Dynamics (CFD) Award, presented during the FSAE 2009 competition held May 13-16th at the Michigan International Speedway in Brooklyn, Michigan.  

Allegany Co. libraries cutting hours, hiking fees, MD

May 22, 2009 5:30 am | by The Associated Press | News | Comments

CUMBERLAND, Md. (AP) — Allegany County libraries are cutting back hours and increasing user fees.The Board of Trustees is also transferring $25,000 from a reserve fund that helps with capital projects.Allegany County Library System Director John Taube says county and state funding has remained...

Global Finishing, Inc.: Announcement

May 22, 2009 5:30 am | by The Associated Press | News | Comments

Global Finishing, Inc. (FRANKFURT: G8BA) is pleased to report the acquisition of a producing gold mine and an associated milling facility. These producing assets are located in the historically rich gold bearing region of Portevelo-Zaruma in the El Oro Province of Ecuador.First mined by the Incas,...

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Auto Workers Recruited For Shipbuilding

May 22, 2009 5:28 am | News | Comments

The U.S. Navy’s largest systems command, Naval Sea Systems Command (NAVSEA), is recruiting displaced mid-career automotive engineering professionals.

Vical expects to raise $14.6M from direct offering, APFN

May 22, 2009 5:24 am | by The Associated Press | News | Comments

SAN DIEGO (AP) — Vical Inc. said Friday that it expects approximately $14.6 million in net proceeds from a direct offering of about 6.7 million shares of its common stock.The biotechnology company said it will use the proceeds after paying expenses of the offering to develop ongoing programs and...

American Software makes tender offer for Logility, APFN

May 22, 2009 5:24 am | by The Associated Press | News | Comments

NEW YORK (AP) — American Software Inc. said Friday it will make a cash tender offer of $7.02 per share for all outstanding stock in Logility Inc.Atlanta-based American Software — which already owns an 88 percent stake in Logility — made the tender offer on March 18. The company said the latest...

Maine jobless rate down slightly, ME

May 22, 2009 5:24 am | by The Associated Press | News | Comments

AUGUSTA, Maine (AP) — Maine Labor Commissioner Laura Fortman says the state's preliminary seasonally-adjusted April unemployment rate was 7.9 percent.That's down slightly from 8.1 percent for March and up from 5.1 percent for April 2008.The national unemployment rate was 8.9 percent for...

Ahead of the Bell: Gap profit estimates raised, APFN

May 22, 2009 5:19 am | by The Associated Press | News | Comments

NEW YORK (AP) — Gap Inc. says the sales decline at its Old Navy stores slowed in the first quarter but analysts are divided on whether the retailer's broader same-store sales slump is coming to an end.Nonetheless, they hiked their earnings estimates for the year after the apparel retailer, which...

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Premarket roundup: Zumiez, oil services, APFN

May 22, 2009 5:19 am | by The Associated Press | News | Comments

Among the premarket stories for Friday, May 22, from AP Financial News:NEW YORK (AP) — A weaker-than-expected second-quarter profit outlook from Zumiez Inc. prompted two analysts to lower some of their estimates for the sports apparel and equipment retailer on Friday.NEW YORK (AP) — After a long...

Fiat plan sees fewer than 10,000 European job cuts, 2nd Ld-Writethru, EU

May 22, 2009 5:19 am | by The Associated Press | News | Comments

MILAN (AP) — Italian automaker Fiat said Friday that its offer for Germany's Opel calls for less than 10,000 job cuts in Europe — far fewer than many experts were expecting.Fiat's statement was its first official comment on the offer presented Wednesday for Opel and the British brand Vauxhall, both...

Dr. Reddy's will reorganize drug discovery units, APFN

May 22, 2009 5:18 am | by The Associated Press | News | Comments

NEW YORK (AP) — Dr. Reddy's Laboratories Ltd., an Indian drug developer, said Friday it will reorganize the drug discovery part of its business, combining some of its operations and creating a separate unit for creating brand-name products.Effective July 1, Dr. Reddy's drug discovery operations in...

SC unemployment rate hits 11.5 percent for April, APFN

May 22, 2009 5:18 am | by MEG KINNARD - Associated Press Writer - Associated Press | News | Comments

COLUMBIA, S.C. (AP) — South Carolina's unemployment rate set a state record high of 11.5 percent in April, the state Employment Security Commission announced Friday.The April rate was again the nation's third highest, behind Michigan (12.9 percent) and Oregon (12.0 percent). South Carolina's...

Blaze guts huge Houston warehouse; no injuries, US

May 22, 2009 5:18 am | by The Associated Press | News | Comments

HOUSTON (AP) — A huge fire lit up the night sky in Houston as it destroyed a massive furniture warehouse. No injuries were reported but the damage was estimated at millions of dollars.The Thursday night fire at the Gallery Furniture warehouse delayed traffic on nearby Interstate 45.Owner Jim...

Throughout May, Festival City offers fun for all ages with an international twist

May 22, 2009 5:13 am | by The Associated Press | News | Comments

This exciting month of Edmonton entertainment (http://www.edmonton.com/for-visitors/festival-city.aspx) launched with Edmonton Youth Week, timed perfectly with the running of the Olympic torch into the city, and it only gets more festive from there.On May 18th for five weeks onward, a wholly...

HL:Ontario Power Generation fades to $9M Q1 loss: lower output, surging costs@

May 22, 2009 5:13 am | by The Associated Press | News | Comments

TORONTO — Ontario Power Generation Inc. browned out to a loss of $9 million in the first quarter, down from year-earlier net income. The provincial Crown utility cited "a reduction in electricity generation, higher fuel prices, and an increase in expenses related to planned maintenance outages at...

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