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Pacific Sunwear of Calif. posts smaller 1Q loss, APFN

May 21, 2009 4:52 pm | by The Associated Press | News | Comments

ANAHEIM, Calif. (AP) — Teen-focused retailer Pacific Sunwear of California Inc. on Thursday posted a smaller first-quarter loss that topped Wall Street expectations, despite a drop in same-store sales.Pacific Sunwear reported a loss of $8.7 million, or 13 cents per share, compared with a loss of...

Boca Raton man charged in $44m Ponzi scheme, FL

May 21, 2009 4:52 pm | by The Associated Press | News | Comments

WEST PALM BEACH, Fla. (AP) — A Boca Raton businessman has been charged with running a $44 million Ponzi scheme that defrauded dozens of investors.Five counts of mail fraud were lodged Thursday against 37-year-old Michael Riolo. Each charge carries a maximum 20-year prison sentence.Federal...

Xerox CEO Mulcahy retiring, Burns to replace her, 4th Ld-Writethru, US

May 21, 2009 4:51 pm | by ANDREW VANACORE - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Xerox Corp. said Thursday that Chief Executive Anne Mulcahy will retire July 1, to be succeeded by Ursula Burns, the printer and copier maker's president. She will make Xerox the largest U.S. company to be headed by a black woman.The move has been in the works since Burns, 50,...

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Utah State lab says NASA space instrument complete, 1st Ld-Writethru, UT

May 21, 2009 4:51 pm | by The Associated Press | News | Comments

NORTH LOGAN, Utah (AP) — The Utah State University Space Dynamics Laboratory has announced completion of a $72 million NASA instrument that will help scientists see deep into the universe in search of the origins of star systems.The Wide-field Infrared Survey Explorer was built at the Utah State...

Sears Holdings earns $26 million in first quarter, 2nd Ld-Writethru, US

May 21, 2009 4:51 pm | by ASHLEY M. HEHER - AP Retail Writer - Associated Press | News | Comments

CHICAGO (AP) — Sears Holdings Corp. reversed a year-ago loss and posted a profit of $26 million for its first quarter on Thursday, as it worked to manage inventory in its stores.The results amounted to a profit of 21 cents per share, which is markedly better than a year earlier, when the retailer...

After clampdown, credit cards may hike fees

May 21, 2009 12:50 pm | by MADLEN READ - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — New rules for credit card companies will clamp down on when they can hike interest rates and force them to spell out their terms in plain English. But opening your monthly statement could still be a dizzying experience.The wide variety of fees that card issuers charge — balance...

Stimulus funds for repair of Governor's Mansion, 4th Ld-Writethru, TX

May 21, 2009 12:50 pm | by JAY ROOT - Associated Press Writer - Associated Press | News | Comments

AUSTIN, Texas (AP) — While Gov. Rick Perry is criticizing Washington bailouts, state lawmakers are planning to use $11 million in federal stimulus money to help rebuild the badly burned Texas Governor's Mansion.Top budget negotiators said Thursday that a House-Senate committee agreed on the...

Judge blocks use of voting machines, 1st Ld-Writethru, HI

May 21, 2009 12:50 pm | by The Associated Press | News | Comments

WAILUKU, Hawaii (AP) — A judge has ruled new administrative rules must be in place before the state can use electronic voting machines and transmit election results over the Internet or telephone lines in next year's elections.State elections chief Kevin Cronin says he couldn't comment until he...

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Chesapeake Energy Celebrates Its 20th Anniversary Business Editors/Energy Editors

May 21, 2009 12:50 pm | by The Associated Press | News | Comments

OKLAHOMA CITY-- (BUSINESS WIRE) — May 21, 2009-- Chesapeake Energy Corporation (NYSE:CHK) is commemorating its 20th anniversary this week, celebrating its rise from a start-up company with $50,000 of capital, no proved reserves or natural gas production and fewer than 10 employees to become the...

BW)(FL-BANKUNITED-FINANCIAL)(BKUNA.NASDAQ) BankUnited Financial Corporation Receives Letter from Nasdaq Relating to its Late Form 10-Q Business Editors/Banking Writers

May 21, 2009 12:50 pm | by The Associated Press | News | Comments

CORAL GABLES, Fla.-- (BUSINESS WIRE) — May 21, 2009-- BankUnited Financial Corp. (NASDAQ:BKUNA) (the "Company") received a non-compliance notice (the "May 15 Notice") from the Nasdaq Stock Market ("Nasdaq") stating that, because the Company did not timely file its Quarterly Report on Form 10-Q for...

Governor vetoes bills, 1st Ld-Writethru, NV

May 21, 2009 12:50 pm | by BRENDAN RILEY - Associated Press Writer - Associated Press | News | Comments

CARSON CITY, Nev. (AP) — Only a few hours after three bills dealing with state fees, consumer health assistance and penalties for taking free periodicals were vetoed by Gov. Jim Gibbons, lawmakers started the process of overriding him.The Republican governor was supported by only a handful of...

Mass. unemployment rate up to 8 percent in April, MA

May 21, 2009 12:50 pm | by The Associated Press | News | Comments

BOSTON (AP) — The unemployment rate in Massachusetts increated to 8 percent in April, up three-tenths of a percentage point from a month earlier.A year ago, the unemployment rate was 4.8 percent, with the increase since reflecting the impact of the state and national recessions.The Executive Office...

Expanding Their Service Offering With Clinical Laboratory Testing

May 21, 2009 12:49 pm | by The Associated Press | News | Comments

http://www.altheadx.com () —AltheaDx, a world leader in the development of companion diagnostics and biopharma services, today announced that they have successfully passed the State of California survey for CLIA (Clinical Laboratory Improvement Amendments) certification. AltheaDx is offering...

Affirms CSN's IDRs at 'BBB-'; Outlook Stable Business Editors

May 21, 2009 12:49 pm | by The Associated Press | News | Comments

CHICAGO-- (BUSINESS WIRE) — May 21, 2009-- Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) and outstanding debt ratings of Companhia Siderurgica Nacional (CSN) and related issuances as follows:--Foreign currency IDR at 'BBB-';--Local currency IDR at 'BBB-';--National scale rating and...

Jay-Z confirms split with Def Jam

May 21, 2009 12:49 pm | by The Associated Press | News | Comments

NEW YORK (AP) — There will be no encore for Jay-Z and Def Jam.The rapper confirms reports that he has left the record company where he made most of his biggest hits and went from artist to president, and back to artist again.In an interview with the Web site RapRadar.com, he thanks the label's...

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