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How the major stock indexes fared Friday, US

May 8, 2009 2:09 pm | by The Associated Press | News | Comments

A late-day shot of adrenaline sent stock prices soaring Friday, giving Wall Street its third straight monthly gain. After fluctuating much of the day on mixed economic data, stocks soared just before the close. Analysts attributed the surge to buying by short-sellers who had bet that stocks would...

Treasurys rise after April jobs data

May 8, 2009 2:03 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Treasury prices rose Friday after mixed economic data led investors to buy back into government debt.The Labor Department's April jobs report was somewhat reassuring to investors worried about the economy. The 539,000 drop in U.S. jobs was smaller than economists anticipated, which...

Berkshire Hathaway reports a $1.5B 1Q loss

May 8, 2009 2:03 pm | by JOSH FUNK - AP Business Writer - Associated Press | News | Comments

OMAHA, Neb. (AP) — Warren Buffett's company reported a $1.5 billion first-quarter loss as it wrote down its ConocoPhillips investment and mostly unrealized derivative losses helped drag Berkshire Hathaway's results below last year's $940 million profit.Berkshire Hathaway Inc. said Friday it...

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Meltdown 101: Unemployment report, by the numbers

May 8, 2009 1:48 pm | by MARTIN CRUTSINGER - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — April saw the fewest job layoffs in six months, but that fact was no comfort to workers who were laid off or to the millions who have lost jobs during this recession.And that's only part of the story. A deep dive into the latest employment report offers a fuller picture of the...

Frontier seeks to extend bankruptcy plan deadline

May 8, 2009 1:43 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Frontier Airlines is asking for more time to propose its bankruptcy reorganization plan.The Denver-based airline currently has until June 4 to propose a plan before creditors would be allowed to propose their own. Frontier is asking to extend that deadline until Oct. 9.Frontier...

More acquisitions, failures in store for US banks

May 8, 2009 1:28 pm | by MADLEN READ - AP Business Writers - Associated Press | News | Comments

NEW YORK (AP) — The U.S. government says it won't let any of its 19 largest banks fail. That doesn't mean they'll all be around in a couple years.This week's stress tests showed that while many big banks need more capital, regulators aren't declaring them insolvent. But that won't necessarily stop...

Wells Fargo prices stock offering at $8.6 billion

May 8, 2009 1:18 pm | by The Associated Press | News | Comments

SAN FRANCISCO (AP) — Wells Fargo & Co. said Friday it is raising $8.6 billion through an offering of 392.15 million shares at $22 apiece, boosting the amount it previously said it would raise by $1.1 billion.The announcement comes a day after the U.S. government said the San Francisco bank needs to...

Stress tests do little to fix banks' asset problem

May 8, 2009 1:13 pm | by DANIEL WAGNER - AP Business Writers - Associated Press | News | Comments

WASHINGTON (AP) — The big banks got through the government's "stress tests" with only minor bruising. But a bigger test awaits them: Getting rid of the bad assets that helped ignite the financial crisis in the first place.It won't be easy. A Treasury program announced three months ago to help...

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Will We Ever Have A Universal Outlet?

May 8, 2009 12:50 pm | by David Mantey, Editor, PD&D | Interpower Corporation | Articles | Comments

Electronic CEO fireside chat with Bob Wersen, president of Interpower.    

Stock Includes RNCS Series Of Precision Chip Resistors

May 8, 2009 12:38 pm | News | Comments

Electronic components distributor Digi-Key Corporation announces that it is now stocking Stackpole Electronics’ RNCS series of passivated Nichrome chip resistors, an ideal low-cost alternative for expensive and hard-to-find tantalum nitride chip resistors.

Rapid Prototypes Available For Brushless DC Motors

May 8, 2009 12:27 pm | News | Comments

Portescap , A Danaher Motion Company, has available a new 24 hour rapid prototyping program for its high speed brushless DC slotted motor family.     

Roger Penske considers making bid for Saturn

May 8, 2009 12:12 pm | by The Associated Press | News | Comments

INDIANAPOLIS (AP) — Roger Penske says he is contemplating a bid for the Saturn automotive brand that General Motors Corp. plans to sell or shut down.While Penske has not yet made an offer, he said Friday a decision would have to come soon and that a number of unidentified details need to be worked...

Allergan CEO defends Botox from new challenger

May 8, 2009 11:57 am | by The Associated Press | News | Comments

WASHINGTON (AP) — Barely a week after the Food and Drug Administration cleared the way for a second anti-wrinkle drug, the maker of Botox is defending its product, warning physicians about the risks of switching between the two drugs.Allergan has good reason to defend Botox: it accounts for nearly...

Trustee unveils Madoff hardship program

May 8, 2009 11:57 am | by The Associated Press | News | Comments

NEW YORK (AP) — A trustee wants to give a break to investors hardest hit by the Bernard Madoff fraud.Irving Picard unveiled a hardship program Friday that will put the victims first in line for up to $500,000 of relief.The victims must show that they've lost the ability to pay for basic needs such...

Frictionless Motion

May 8, 2009 11:44 am | New Way Air Bearings | Product Releases | Comments

New Way Air Bearings announces the launch of a new line of radial air bearings for use in precision rotary motion applications. 

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