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RBC Bearings 4Q profit down, but beats estimates, 1st Ld-Writethru, APFN

May 27, 2009 7:11 am | by MIKE OBEL - AP Manufacturing Writer - Associated Press | News | Comments

OXFORD, Conn. (AP) — RBC Bearings Inc. said Wednesday its fiscal fourth-quarter profit fell 46 percent on soft demand for ball bearings from many of its industrial customers but results still beat analyst expectations.Net income for the three months ended March 28 of $6.5 million, or 30 cents per...

TMC's Communications Solutions 2008 Product of the Year Awards Honor Actiontec With Three Selections for Second Consecutive Year

May 27, 2009 7:11 am | by The Associated Press | News | Comments

http://www.actiontec.com () —For the second consecutive year Actiontec Electronics (http://www.actiontec.com) was honored with three products receiving a Communications Solutions 2008 Product of the Year Award from Technology Marketing Corporation (TMC). The three winning products are the Wireless...

Alaska to end state hiring freeze, 2nd Ld-Writethru, AK

May 27, 2009 7:11 am | by The Associated Press | News | Comments

JUNEAU, Alaska (AP) — A four-month freeze on the hiring of new state employees will end Monday, according to Gov. Sarah Palin's budget director.The freeze will be lifted in advance of the new budget year that starts July 1. Budget director Karen Rehfeld said the freeze had served its purpose of...

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Belgium wants say in future of GM plants, EU

May 27, 2009 7:10 am | by The Associated Press | News | Comments

BRUSSELS (AP) — Belgium is calling for some say in the future of General Motors Corp.'s European plants as Germany decides on possible new ownership for the Opel and Vauxhall car brands.The heads of the Belgian federal and Flemish regional governments have called on German Chancellor Angela Merkel...

UN predicts 2009 economic decline of 2.6 percent, 1st Ld-Writethru, UN

May 27, 2009 7:10 am | by EDITH M. LEDERER - Associated Press Writer - Associated Press | News | Comments

UNITED NATIONS (AP) — The United Nations predicted Wednesday that the global economy will shrink 2.6 percent this year as a result of the world financial crisis — a considerably deeper downturn than the 0.5 percent contraction forecast in January.In its midyear economic projections, the U.N. said...

HL:Canadian dollar is trading at 89.88 cents US, up 0.42 of a cent at 11 a.m. ET@

May 27, 2009 7:10 am | by The Associated Press | News | Comments

TORONTO — The Canadian dollar traded at 89.88 cents US, up 0.42 of a cent on Wednesday. The U.S. dollar was trading at C$1.1126 down 0.52 of a cent.Pound sterling was at C$1.7825 up 0.16 of cent and US$1.6021, up 0.89 of a cent.The euro was at C$1.5476, down 1.59 cents.Quotations provided by the...

Biggest Mercedes SUV is a fuel sipper, US

May 27, 2009 7:10 am | by ANN M. JOBAssociated Press | News | Comments

Finally, there's a large, seven-passenger sport utility vehicle that has a higher fuel mileage rating than some five-passenger, family size sedans.In fact, the 2009 Mercedes-Benz GL320 SUV has a higher fuel economy rating than the six-cylinder-powered, 2009 Dodge Avenger, Chrysler Sebring,...

State: computer glitch delays checks for 100,000, PA

May 27, 2009 7:10 am | by The Associated Press | News | Comments

HARRISBURG, Pa. (AP) — The state says a computer glitch has delayed unemployment compensation payments for nearly 100,000 Pennsylvania residents.The payment is the extra $25 a week in jobless benefits that was added through President Barack Obama's stimulus package in February.The state Department...

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Biomedical Announces Distribution Agreement for Personalized Chemotherapy Management (PCM@) Kits Business Editors/Health/Medical Writers

May 27, 2009 7:10 am | by The Associated Press | News | Comments

BETHLEHEM, Pa.-- (BUSINESS WIRE) — May 27, 2009-- Saladax Biomedical, Inc. (www.saladax.com), a personalized medicine diagnostics company pioneering the development of Personalized Chemotherapy Management (PCM(R)) assays to test blood levels of the most commonly used anti-cancer medicines, has...

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Man claiming lung disease awarded no damages, MS

May 27, 2009 7:10 am | by The Associated Press | News | Comments

PORT GIBSON, Miss. (AP) — A Claiborne County jury has decided companies owe a Mississippi man nothing for claims he suffered from silicosis.Lawyers for 73-year-old Eugene Westrope of Hazlehurst asked jurors for $4.5 million in damages, saying he had contracted the lung disease after using products...

Duke Energy balks at feds' Catawba River proposals, 1st Ld-Writethru, NC

May 27, 2009 7:05 am | by The Associated Press | News | Comments

CHARLOTTE, N.C. (AP) — Federal regulators reviewing Duke Energy's license to create power on the Catawba River want the utility to do more to protect the river.The Federal Energy Regulatory Commission has endorsed many of Duke's proposals for its new license. But the utility disagreed with nearly...

Federal judge sentences businessman to prison, 2nd Ld-Writethru, OK

May 27, 2009 7:05 am | by The Associated Press | News | Comments

MUSKOGEE, Okla. (AP) — A federal judge has sentenced Kiowa businessman Steve Phipps to one year and one day in prison for his role in paying three legislators kickbacks to steer state taxpayer money toward his companies.Earlier Wednesday, U.S. District Judge Ronald White also sentenced former state...

Union rejects bid again to keep NY plant open, 1st Ld-Writethru, US

May 27, 2009 7:05 am | by The Associated Press | News | Comments

EAST SYRACUSE, N.Y. (AP) — Members of a United Auto Workers union have rejected a contract aimed at saving a suburban Syracuse plant from closing.UAW Local 624 president Scott Stanton says 68 percent of the workers voting opposed the contract in a vote Saturday.It's the third time workers have...

Workday Solution Center Delivers Fastest Time to Value

May 27, 2009 7:05 am | by The Associated Press | News | Comments

http://www.workday.com () —Workday, Inc., the leader in enterprise-class SaaS-based Human Resources (HR) and Financial solutions, today announced that StoneRiver (http://www.stoneriver.com/) , a provider of software and processing solutions for the insurance industry, brought 2,000 employees live...

Ariz. ballot measure sought on health care choices, APFN

May 27, 2009 7:05 am | by The Associated Press | News | Comments

PHOENIX (AP) — Arizona residents may be asked again to decide whether to amend the state Constitution to include new rights to obtain private health care.Voters narrowly rejected a health care measure in November 2008 that would have prohibited any state law restricting a person's freedom to choose...

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