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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...

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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...

'Excitebots,' 'NASCAR Kart Racing' go for a spin

May 12, 2009 10:07 am | by LOU KESTEN - Associated Press Writer - Associated Press | News | Comments

When it comes to high-speed driving on Nintendo consoles, the action pretty much begins and ends with one name: "Mario Kart." The Wii version was last year's best-selling game worldwide, and no one has made a serious effort to challenge its dominance in the genre.Take a look at some other Wii...

AP source: Geffen bid for New York Times stake

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

NEW YORK (AP) — Entertainment billionaire David Geffen approached a hedge fund about buying its 19 percent stake in The New York Times Co., a person knowledgeable about the offer confirmed Tuesday.The fund, Harbinger Capital Partners, turned down the bid, according to the person familiar with the...

Lawmakers adopt bill to punish Internet piracy

May 12, 2009 9:57 am | by EMMANUEL GEORGES-PICOT - Associated Press Writer - Associated Press | News | Comments

PARIS (AP) — French lawmakers in the lower house on Tuesday passed a bill that would cut the Internet connections of those who repeatedly download music and films illegally, creating what may be the first government agency to track and punish online pirates.The bill passed 296 to 233 in a show of...

Earnings Preview-Kohl's Corp.

May 12, 2009 9:52 am | by RZT-ad-liAssociated Press | News | Comments

NEW YORK (AP) — Kohl's Corp. reports earnings for the fiscal first quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.OVERVIEW: Department stores such as Kohl's are facing big challenges as shoppers have retrenched sharply since the...

EADS 1st-qtr net profit falls 40 percent

May 12, 2009 9:47 am | by EMMA VANDORE - AP Business Writer - Associated Press | News | Comments

PARIS (AP) — EADS, the parent company of planemaker Airbus, said Tuesday that first quarter profit fell 40 percent as airlines delayed orders and deliveries. The company also took a €120 million charge for its troubled A400M military transport plane.European Aeronautics Defense and Space Co. said...

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