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Sector roundup: Homebuilders, regional banks, APFN

May 21, 2009 10:26 am | by The Associated Press | News | Comments

Among the sector activity stories for Thursday, May 21, from AP Financial News:NEW YORK (AP) — Homebuilder stocks declined after an analyst note quashed hopes that the housing market was seeing the start of a recovery.NEW YORK (AP) — Regional bank stocks tumbled, led by a steep decline in Regions...

Outlook roundup: Limited Brands, Toro, APFN

May 21, 2009 10:26 am | by The Associated Press | News | Comments

Among the earnings projection stories for Thursday, May 21, from AP Financial News:NEW YORK (AP) — Limited Brands executives say the economy appears to be stabilizing a bit, but they expect sales will remain weak over at least over the next several quarters.BLOOMINGTON, Minn. (AP) — Outdoor...

Levi & Korsinsky LLP Investigates Data Domain, Inc.

May 21, 2009 10:26 am | by GLOBE NEWSWIREAssociated Press | News | Comments

NEW YORK, May 21, 2009 (GLOBE NEWSWIRE) — The law firm of Levi & Korsinsky LLP ("L&K") has initiated an investigation into the circumstances surrounding the acquisition of Data Domain, Inc. ("Data Domain" or the "Company")(Nasdaq:DDUP) by NetApp Inc. (Nasdaq:NTAP). L&K is investigating breaches of...

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Vical says it made prototype swine flu vaccine, APFN

May 21, 2009 10:25 am | by The Associated Press | News | Comments

NEW YORK (AP) — Vical Inc., a biopharmaceutical company, says it has started testing a prototype swine flu vaccine on animals.If the trials are successful and funding is secured, the San Diego company said it is ready to begin manufacturing the drug for testing in humans, pending funds.Vical makes...

Bill to protect state water rights passed, OK

May 21, 2009 10:25 am | by The Associated Press | News | Comments

OKLAHOMA CITY (AP) — The Oklahoma Senate has passed a bill designed to protect Oklahoma water rights regarding any proposed sale of water to out-of-state interests.The measure now goes to Gov. Brad Henry.The bill declares that no out-of-state water permit shall impair the state of Oklahoma from...

Sands opens casino at former Bethlehem Steel mill, US

May 21, 2009 10:25 am | by MICHAEL RUBINKAM - Associated Press Writer - Associated Press | News | Comments

BETHLEHEM, Pa. (AP) — A safety officer at the mill for 26 years, Joe Koch felt each twist as Bethlehem Steel, a titan that armed the U.S. military and helped shape skylines across the country, careened into bankruptcy.Fourteen years after the towering blast furnaces went cold, Koch and other former...

Pa. casino a key for Las Vegas Sands' future, US

May 21, 2009 10:24 am | by OSKAR GARCIA - Associated Press Writer - Associated Press | News | Comments

LAS VEGAS (AP) — As Las Vegas Sands Corp. built its casino in Bethlehem, Pa., which opens Friday, the economy and the company's massive debt cast a long shadow over its very survival.Fewer gamblers were visiting its casinos and they were spending less money, driving the company to lay off workers...

Bargains abound for well-heeled in NY's Hamptons, 4th Ld-Writethru, US

May 21, 2009 10:24 am | by FRANK ELTMAN - Associated Press Writer - Associated Press | News | Comments

BRIDGEHAMPTON, N.Y. (AP) — The good news is there are bargains to be had in the Hamptons real estate market. The bad news as Memorial Day beckons, is you will still need deep pockets, aka millions, to get in the game.Eastern Long Island's summer destination for the ultra-rich and famous has not...

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Ariz. unemployment rate 'essentially unchanged', 1st Ld-Writethru, AZ

May 21, 2009 10:24 am | by PAUL DAVENPORT - Associated Press Writer - Associated Press | News | Comments

PHOENIX (AP) — Arizona unemployment improved slightly amid continued weakness in many industries in April, a development that was termed encouraging but not a sign that the state's economy has hit bottom.The Department of Commerce reported Thursday that Arizona's seasonally adjusted nonfarm...

and Treasurer Rob Clancy to Speak at Barclays Conference Business Editors/Telecommunications Writers

May 21, 2009 10:19 am | by The Associated Press | News | Comments

LITTLE ROCK, Ark.-- (BUSINESS WIRE) — May 21, 2009-- Rob Clancy, senior vice president and treasurer of Windstream (NYSE: WIN), will speak at 2:15 p.m. CDT on Wednesday, May 27 at the Barclays Capital Worldwide Wireless and Wireline Conference in New York.A live webcast of the event will be...

Appeals court revives Michigan discrimination case, MI

May 21, 2009 10:17 am | by The Associated Press | News | Comments

ANN ARBOR, Mich. (AP) — An appeals court says a jury should decide whether a black couple were victims of racial discrimination when they couldn't book their wedding reception at an Ann Arbor hotel.A federal judge in Detroit had ruled in favor of the hotel and dismissed the case. But an appeals...

Cyber Violinist

May 21, 2009 10:10 am | Videos | Comments

In Tokyo, Japan, Toyota demonstrates its violin playing robot, setting the path for consumer robots to be widely used in homes, hospitals and factories.  

Gas costs more, but don't expect a repeat of 2008

May 21, 2009 10:09 am | by JOHN PORRETTO - AP Energy Writer - Associated Press | News | Comments

HOUSTON (AP) — As tens of millions tank up and hit the road for Memorial Day weekend, gas prices are rising fast enough to revive painful memories of the $4-a-gallon summer of 2008.Rest easy: The economic slack created by the recession all but guarantees prices won't spike the way they did last...

Limited sees signs of stabilization, 1st Ld-Writethru, US

May 21, 2009 10:09 am | by The Associated Press | News | Comments

NEW YORK (AP) — Limited Brands executives said Thursday the economy appears to be stabilizing some, but they predicted their company's sales will remain weak over at least the next several quarters.Limited Brands, which operates Victoria's Secret and Bath and Body Works among other chains, posted a...

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