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V-Twin Magnetic Field Sensor

May 8, 2009 6:50 am | Balluff, Inc. | Product Releases | Comments

Balluff has expanded its magnetic field sensor portfolio with the new V-Twin - two sensors, one connector. The low profile design allows the user to reduce installation time and cost by requiring only one four-conductor cable with either M8 or M12 connections for two end of stroke sensors

NASA Running Out Of Fuel

May 8, 2009 6:32 am | by Seth Borenstein, AP Science Writer | News | Comments

NASA is running out of nuclear fuel needed for its deep space exploration.

IAM aims to win United Airlines mechanics, again

May 8, 2009 6:31 am | by JOSHUA FREED - AP Airlines Writer - Associated Press | News | Comments

MINNEAPOLIS (AP) — Mechanics at United Airlines are getting a chance to switch unions for the third time since 2003.The International Association of Machinists and Aerospace Workers said it began collecting cards on Friday from mechanics who want to switch. They are currently in the International...

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Dow Chemical to offer debt securities to cut debt

May 8, 2009 6:26 am | by ERNEST SCHEYDER - AP Energy Writer - Associated Press | News | Comments

NEW YORK (AP) — Dow Chemical Co. announced a plan Friday to retire preferred shares used for its recent buyout of Rohm & Haas, a move that will save it millions in dividend payments.The Midland, Mich.-based company will offer about $6 billion in debt securities, some of which will be swapped with...

Group drops fight against Chrysler plan

May 8, 2009 6:26 am | by BREE FOWLER - AP Auto Writer - Associated Press | News | Comments

NEW YORK (AP) — The group of dissident Chrysler bond holders challenging Chrysler LLC's government-backed restructuring plans, said Friday that it is dropping its court fight.The dissolution of the group — at least on an official basis — clears away the largest obstacle standing in the way of...

SEC chief backs 'systemic risk council' idea

May 8, 2009 5:25 am | by MARCY GORDON - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — The head of the Securities and Exchange Commission said Friday she favors a new proposal for federal regulators sharing oversight of companies that pose financial risks to the economy.SEC Chairman Mary Schapiro said she's "inclined toward" the idea floated this week by the head of...

German state governor meets Fiat over Opel bid

May 8, 2009 5:25 am | by The Associated Press | News | Comments

FRANKFURT (AP) — Fiat CEO Sergio Marchionne is meeting with the governors of two key German states as part of his bid to take over General Motors' Opel subsidiary.Marchionne met Friday with Roland Koch, government of the German state of Hesse, where Opel is based.The Fiat boss was also headed for...

Step Toward Faster Chips Achieved

May 8, 2009 5:19 am | News | Comments

A team of scientists and engineers from Stanford, the University of Florida and Lawrence Livermore National Laboratory is the first to create one of two basic types of semiconductors using an exotic, new, one-atom-thick material called graphene. 

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Fannie Mae seeks $19B in US aid after 1Q loss

May 8, 2009 4:55 am | by ALAN ZIBEL - AP Real Estate Writer - Associated Press | News | Comments

WASHINGTON (AP) — Fannie Mae is requesting $19 billion in additional government aid as job losses grow and risky loans made during the housing boom go bad at a disquieting pace.The mortgage finance company, which already got a $15 billion government bailout in March, warned it need even more money...

Morgan Stanley offers $3.5 billion in stock

May 8, 2009 4:34 am | by The Associated Press | News | Comments

NEW YORK (AP) — Morgan Stanley on Friday said it will offer 146 million common shares for $24 each in an effort to raise gross proceeds of $3.5 billion.The company is also pricing an offering of $4 billion in bonds.The news followed a government report that highlighted vulnerabilities in the...

BofA CEO Lewis lays out plans for bank's future

May 8, 2009 4:29 am | by IEVA M. AUGSTUMS - AP Business Writer - Associated Press | News | Comments

CHARLOTTE, N.C. (AP) — Bank of America CEO Ken Lewis has a plan, and analysts believe he can pull it off.The question some have is, how easily?"He has lots of opportunities to do things, and we will see things in more detail in the coming weeks," independent banking consultant Bert Ely said Friday....

inVentiv Health narrows profit range for 2009

May 8, 2009 4:29 am | by The Associated Press | News | Comments

SOMERSET, N.J. (AP) — InVentiv Health Inc., which provides services for the pharmaceutical and life sciences industries, narrowed its profit forecast for the year, but still expects a profit in range of analyst estimates.The company projected a profit of $1.30 to $1.40 per share, from a previous...

McDonald's April same-store sales rise

May 8, 2009 4:19 am | by LAUREN SHEPHERD - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Sales of new espresso-based coffee drinks and chicken Snack Wraps helped boost McDonald's Corp.'s same-store sales by 6.9 percent in April, the nation's largest hamburger chain said Friday.Same-store sales, or sales in stores open at least 13 months at the chain, climbed 6.1 percent...

Scores die breaking down ships in Asia

May 8, 2009 4:14 am | by MICHAEL CASEY - AP Environmental Writer - Associated Press | News | Comments

SINGAPORE (AP) — When it comes to jobs that workers in rich Western countries don't want, there are few more dirty and dangerous than scrapping the world's freighters, luxury liners and oil tankers.Explosions and fires kill scores of poorly equipped workers each year in South Asia where most ships...

China vehicle sales hit monthly high of 1.15 mln

May 8, 2009 3:49 am | by ELAINE KURTENBACH - AP Business Writer - Associated Press | News | Comments

SHANGHAI (AP) — China's vehicle sales jumped 25 percent in April from the year before to a record monthly high of 1.15 million units, according to industry figures released Friday.Passenger car sales surged 37 percent over a year earlier to 831,000, outpacing U.S. sales in April of 820,000 units,...

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