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Exec indicted on 2 counts in Stanford fraud case

May 12, 2009 10:59 am | by JUAN A. LOZANO - Associated Press Writer - Associated Press | News | Comments

HOUSTON (AP) — The chief investment officer for Texas billionaire R. Allen Stanford's companies became the first person Tuesday indicted in a federal investigation of an alleged massive Ponzi scheme.A Houston federal grand jury indicted Laura Pendergest-Holt on one count of conspiring to obstruct a...

Enhanced Drainability

May 12, 2009 10:57 am | Swagelok Company | Product Releases | Comments

Swagelok DR series radial diaphragm valves feature enhanced drainability and system compatibility.

Army plans to build new combat vehicle

May 12, 2009 10:54 am | by STEPHEN MANNING - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — The Army will build new combat vehicles better suited for fighting insurgents in places like Afghanistan, equipment that would replace a fleet likely to be stripped from the service's massive modernization program under the Pentagon's 2010 budget plan.The Army hopes to field the...

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Double-Contact-Point Pin Design

May 12, 2009 10:49 am | Sullins Electronics, Corp. | Product Releases | Comments

Sullins Connector Solutions released the full RDPS Series (Ruggedized Double Point Series) of card edge connectors optimized for superior durability in high-temperature, harsh environment applications.

NY trustee sues philanthropy in Madoff case

May 12, 2009 10:49 am | by TOM HAYS - Associated Press Writer - Associated Press | News | Comments

NEW YORK (AP) — The trustee overseeing the liquidation of Bernard Madoff's assets has sued one of the nation's leading educational philanthropies, even though the organization claims it was wiped out by the disgraced financier's massive fraud.The complaint filed Tuesday in Manhattan bankruptcy...

Exxon shareholder activists appeal to mutual funds

May 12, 2009 10:49 am | by JOHN PORRETTO - AP Energy Writer - Associated Press | News | Comments

HOUSTON (AP) — A group of Exxon Mobil shareholders is appealing to investors in the nation's biggest mutual funds to help change the oil giant's approach to environmental issues and corporate governance.Longtime activists Robert A.G. Monks and Neva Rockefeller Goodwin, among others, have created a...

AIG's Liddy: We don't need more government money

May 12, 2009 10:48 am | by IEVA M. AUGSTUMS - AP Business Writer - Associated Press | News | Comments

CHARLOTTE, N.C. (AP) — American International Group Inc.'s CEO Ed Liddy is planning to tell Congress his embattled insurance company does not need more bailout money.In testimony he is scheduled to deliver to Congress on Wednesday, Liddy said the New York-based firm has "reduced, but not yet...

Free Circulation Of Air

May 12, 2009 10:40 am | Multi-Seals Inc. | Product Releases | Comments

Multi-Seals (Manchester, CT) introduces Wash-Away dissolvable spacers, designed to provide consistent spacing between printed circuit boards and PCB components.  

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GE to build new battery plant in upstate NY

May 12, 2009 10:33 am | by MICHAEL HILL - Associated Press - Associated Press | News | Comments

NISKAYUNA, N.Y. (AP) — General Electric Co. plans to boost its profile in the battery business with a new plant in upstate New York that will produce high-tech sodium cells to power locomotives and heavy equipment.GE Chief Executive Jeffrey Immelt and New York Gov. David Paterson, in an...

P & G says Brawny paper towels copied Bounty

May 12, 2009 10:33 am | by DAN SEWELL - AP Business Writer - Associated Press | News | Comments

CINCINNATI (AP) — The Procter & Gamble Co. says rival Brawny paper towels have picked up some of Bounty's design.The Cincinnati-based consumer products company has filed a federal lawsuit charging Atlanta-based Georgia-Pacific Corp. with trademark infringement and unfair competition.P&G says a...

AC Servo Motor, Gearbox & Encoder Combo

May 12, 2009 10:28 am | by PD&D Staff | Harmonic Drive Llc | Product Releases | Comments

Harmonic Drive has developed a miniature hollow-shaft actuator. 

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Gas may be cheaper, but many staying home anyway

May 12, 2009 10:28 am | by CHRIS KAHN - AP Energy Writers - Associated Press | News | Comments

When gas prices hit $4 a gallon last summer, Joyce and Ricky Eagle of Warrenton, Va., simply padded their travel budget a little before tooling around the Midwest in their motor home.This year, gas is considerably cheaper. But the Eagles' 36-foot Holiday Rambler will stay in the driveway. The...

UPS sells MBE brand outside US, Canada, India

May 12, 2009 10:28 am | by HARRY R. WEBER - AP Business Writer - Associated Press | News | Comments

ATLANTA (AP) — Shipping giant UPS Inc., hit hard by the global economic downturn, said Tuesday it has sold much of its international Mail Boxes Etc. brand to Italian holding company Fineffe Group for an undisclosed sum so it can focus on its MBE and UPS Store brands in the U.S., Canada and...

DirecTV sued over ads on Charter's bankruptcy case

May 12, 2009 10:12 am | by The Associated Press | News | Comments

ST. LOUIS (AP) — Charter Communications Inc. is suing DirecTV Group Inc. over advertisements that try to persuade subscribers to switch TV service by touting Charter's bankruptcy filing.Charter, a cable TV operator that filed for Chapter 11 reorganization in March, charged satellite TV operator...

Sprint Nextel investors vote for special meetings

May 12, 2009 10:07 am | by DAVID TWIDDY - AP Business Writer - Associated Press | News | Comments

OVERLAND PARK, Kan. (AP) — Sprint Nextel Corp. shareholders on Tuesday approved a measure allowing stockholders to call special meetings.The measure passed with more than 77 percent of the votes cast at the company's annual shareholder meeting. It allows people owning 10 percent or more of Sprint's...

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