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Correction: Leap Wireless earnings story

May 8, 2009 10:46 am | by The Associated Press | News | Comments

SAN DIEGO (AP) — In a May 7 story about Leap Wireless International Inc., The Associated Press reported erroneously that the company's first-quarter loss of $50.3 million came after paying preferred dividends. The company did not pay preferred dividends during the quarter.

Many gains and a big constraint for wind industry

May 8, 2009 10:45 am | by DAVID MERCER - Associated Press Writer - Associated Press | News | Comments

CHICAGO (AP) — A nagging issue wound its way through the chatter at what was an otherwise celebratory event for the nation's wind industry in Chicago.The U.S. has become the world's biggest wind-power generator and of the electricity production added in the country last year, 42 percent came from...

Online Configuration Tool

May 8, 2009 10:41 am | Asco Valve, Inc. | Product Releases | Comments

ASCO introduces its 8262/8263 Series two-way direct acting solenoid valves with increased AC and DC pressure ratings and real-time online configuration and ordering.


Number of active oil rigs falls by 17

May 8, 2009 10:30 am | by The Associated Press | News | Comments

HOUSTON (AP) — The number of rigs actively exploring for oil and natural gas in the United States fell by 17 this week to 928, down nearly half from a year ago.Of the rigs running nationwide, 730 were exploring for natural gas and 190 for oil, Houston-based Baker Hughes Inc. reported Friday. Eight...

2 state pension funds sue RBS over $123M loss

May 8, 2009 10:30 am | by TIMOTHY R. BROWN - Associated Press Writer - Associated Press | News | Comments

JACKSON, Miss. (AP) — Mississippi and Massachusetts pension systems are suing to recover $123 million they claim was lost when the Royal Bank of Scotland Group PLC illegally sold 38 million shares of stock without revealing massive debts that nearly made the company collapse.The lawsuit claims the...

IEC Motors Extravaganza

May 8, 2009 10:26 am | News | Comments

Bison Gear & Engineering is offering value pricing on over 35 models of AC electric motors meeting International Electrotechnical Commission standards which are widely used as replacement motors in a wide variety of globally produced production machinery.

Hackers breach UC Berkeley computer database

May 8, 2009 10:25 am | by JASON DEAREN - Associated Press Writer - Associated Press | News | Comments

SAN FRANCISCO (AP) — University of California, Berkeley, officials said Friday that hackers infiltrated restricted computer databases, putting at risk health and other personal information on 160,000 students, alumni and others.The university said data include Social Security numbers, birth dates,...

Liberty Media CEO says DirecTV sale 'possible'

May 8, 2009 10:15 am | by DEBORAH YAO - AP Business Writer - Associated Press | News | Comments

The chief executive of Liberty Media Corp. said Friday that a sale of DirecTV to a phone company is possible after its planned spin-off.In an interview with The Associated Press, Greg Maffei said phone companies could have strategic reasons for buying DirecTV Group Inc., the nation's largest...


W.R. Grace, 3 execs aquitted in asbestos case

May 8, 2009 10:15 am | by SUSAN GALLAGHER - Associated Press Writer - Associated Press | News | Comments

MISSOULA, Mont. (AP) — W.R. Grace & Co. and three former executives were acquitted Friday of federal charges that they knowingly allowed residents of northwestern Montana town to be exposed to asbestos from its vermiculite mine.Attorneys for some residents of the town of Libby blame tremolite...

Homeless girl comes to grips with a hard life

May 8, 2009 10:05 am | by MARY HUDETZ - Associated Press Writer - Associated Press | News | Comments

PORTLAND, Ore. (AP) — At first, 9-year-old Brehanna didn't seem to understand.Her family was being evicted from their home in Tualatin, a Portland suburb. Her father, Joe Ledesma, a homebuilder for 20 years, was without a job and couldn't find another. He couldn't pay the $800 rent on the...

Vioxx class action suit in California rejected

May 8, 2009 10:00 am | by LINDA A. JOHNSON - Associated Press Writer - Associated Press | News | Comments

TRENTON, N.J. (AP) — A California state judge has rejected a proposed class-action lawsuit brought on behalf of state residents who took the painkiller Vioxx before it was pulled from the market in 2004.Lawyers for former Vioxx users and health insurance plans wanted to sue the drug's maker, Merck...

Puma 1Q net profit falls to €5.6 million

May 8, 2009 9:34 am | by GEORGE FREY - AP Business Writer - Associated Press | News | Comments

FRANKFURT (AP) — German sportswear company Puma AG said Friday net profit fell substantially in the first quarter as the global recession and restructuring charges hurt sales and earnings.The Herzogenaurach-based company reported a net profit of €5.6 million ($7.5 million) in the January-March...

NYC mayor, NY speaker call for ground zero summit

May 8, 2009 9:24 am | by AMY WESTFELDT - Associated Press Writer - Associated Press | News | Comments

NEW YORK (AP) — The mayor and a top state lawmaker on Friday called for a meeting to resolve a power struggle at ground zero, with growing momentum to build fewer skyscrapers than planned in an uncertain economy.Mayor Michael Bloomberg invited the governors of New York and New Jersey, Assembly...

Genworth shares slip after 1Q loss

May 8, 2009 9:03 am | by DAVID PITT - AP Personal Finance Writer - Associated Press | News | Comments

DES MOINES, Iowa (AP) — Shares of Genworth Financial Inc. gave ground Friday, the day after the insurer reported a first-quarter loss largely due to subprime mortgage impairments and investment losses.The losses from investments in derivatives, subprime home mortgages and corporate fixed securities...

Verizon offers to cut exclusive time for phones

May 8, 2009 8:13 am | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — Verizon Wireless has offered to shorten the period in which it demands exclusive rights to new cell phones from LG and Samsung in an effort to give small rural carriers a better chance to sell up-to-date phones.But the rural carriers don't believe the offer is good enough and...


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