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MBIA posts 1Q profit after 5 straight losses

May 11, 2009 12:56 pm | by The Associated Press | News | Comments

NEW YORK (AP) — MBIA Inc. is reporting a profit for the first quarter, reversing a string of five consecutive quarterly losses as the bond insurer was rocked by the financial meltdown.For the three months ended March 31, New York-based MBIA says it earned $696.7 million in net income available to...

EPCOS Now Available from TTI

May 11, 2009 12:47 pm | News | Comments

TTI agrees to expand its product offering in Europe and North America to include a comprehensive range of EPCOS’ electronic components, modules and systems. 

Ford to raise $1.4 billion with 300M-share sale

May 11, 2009 12:40 pm | by KIMBERLY S. JOHNSON - AP Auto Writer - Associated Press | News | Comments

DETROIT (AP) — Shares of Ford Motor Co. tumbled nearly 18 percent Tuesday after the automaker said it will sell 300 million common shares to help fund its health care trust for retired autoworkers and general operations.Ford, the only major U.S. automaker that has not accepted government aid, had...


GM chief leaves door open to move out of Detroit

May 11, 2009 12:35 pm | by The Associated Press | News | Comments

DETROIT (AP) — General Motors Corp.'s chief has left the door open to the automaker moving its corporate headquarters out of Detroit, prompting concern by some lawmakers and clarification by the automaker.GM Chief Executive Fritz Henderson said Monday during a conference call the automaker is...

ELUM Series Switches Now Stocked By Electronic Distributor

May 11, 2009 12:31 pm | News | Comments

Electronic components distributor Digi-Key Corporation announces it is now stocking C&K Components’ ELUM series switches. 

Yahoo wins round in Oregon nude photo court battle

May 11, 2009 12:20 pm | by WILLIAM McCALL - Associated Press Writer - Associated Press | News | Comments

PORTLAND, Ore. (AP) — Yahoo Inc. has won a legal battle over its long delay in removing nude photos that an Oregon woman claimed her ex-boyfriend posted on its Web site without her knowledge or permission.The 9th U.S. Circuit Court of Appeals reaffirmed that Internet service providers such as Yahoo...

Activist presses Target for new board

May 11, 2009 12:20 pm | by ANNE D'INNOCENZIO - AP Retail Writer - Associated Press | News | Comments

NEW YORK (AP) — Calling Target Corp.'s current board insular, activist shareholder William Ackman paraded his slate of nominees — including a former CEO of Starbucks and a real estate executive — at a town hall meeting Monday for investors.These candidates will provide a fresh perspective and...

Closed-Loop Control

May 11, 2009 12:08 pm | Pi (Physik Instrumente) L.P. | Product Releases | Comments

PI (Physik Instrumente)  extends its line of piezo stages for super-resolution microscopy.  


24 To 240 VAC-DC Universal Power Supply

May 11, 2009 11:53 am | Carlo Gavazzi, Inc. | Product Releases | Comments

Carlo Gavazzi launches the HAA08 (2-pole) and HAA14, (4-pole) multi-function Mini-Timers.

Adjustable DC Output

May 11, 2009 11:43 am | Automationdirect | Product Releases | Comments

AutomationDirect has extended its RHINO line of power supplies to include NEC Class 2 plastic-housed low-profile switching supplies in 5, 12 and 24 VDC adjustable output models. 

Gold prices little changed as dollar rises

May 11, 2009 11:39 am | by SARA LEPRO - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Gold prices were little changed in quiet trading Monday amid a higher dollar and a decline in stocks.Other commodities were mixed.The dollar was higher against other major currencies Monday, reversing its recent downward trend, which put pressure on gold prices. The precious metal...

Adviser fees approved in Sun-Times bankruptcy case

May 11, 2009 11:24 am | by RANDALL CHASE - AP Business Writer - Associated Press | News | Comments

WILMINGTON, Del. (AP) — A bankruptcy judge in Delaware has approved fee changes for the financial adviser and investment banker for the Chicago Sun-Times publisher.One of the changes approved Monday involves the Sun-Times Media Group's request to pay Rothschild Inc. a transaction fee of $2.5...

Poll: Fewer Americans vacationing this summer

May 11, 2009 11:04 am | by BETH J. HARPAZ - AP Travel Editor - Associated Press | News | Comments

NEW YORK (AP) — The number of vacationing Americans will be down this summer, according to a new AP-Gfk Poll, and a third of Americans surveyed said they have already canceled at least one trip this year because of financial concerns.Overall, the survey found only 42 percent of Americans plan a...

Nabors CEO's 2008 compensation more than doubles

May 11, 2009 10:59 am | by ERNEST SCHEYDER - AP Energy Writer - Associated Press | News | Comments

NEW YORK (AP) — The compensation received by Nabors Industries Ltd.'s chairman and chief executive more than doubled to $91.5 million in 2008, according to an Associated Press analysis of a recent regulatory filing, in a year when the oil and natural gas driller saw its net income and stock price...

Heavy-Duty Rotary Apps

May 11, 2009 10:50 am | Trelleborg Ab | Product Releases | Comments

Trelleborg Sealing Solutions launches its new range of Mechanical Face Seals.  


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