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Amazon seeks more paths for sales with new Kindle

May 5, 2009 1:44 pm | by RACHEL METZ - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — Amazon.com Inc. hopes a bigger version of its Kindle electronic reading device can be a hit, even if it's more expensive, and the company is aiming it in part at college students who are eager to save money on their textbooks.Since the Kindle debuted in late 2007, it has jazzed many...

Dow Chemical to offer $1.63B in common stock

May 5, 2009 1:39 pm | by ERNEST SCHEYDER - AP Energy Writer - Associated Press | News | Comments

NEW YORK (AP) — Dow Chemical Co. said Tuesday it hopes to sell about $1.63 billion in common stock to pay down debt related to its recent acquisition of Rohm & Haas Co.The nation's largest chemicals maker, based in Midland, Mich., will issue $1 billion in common stock and convert $625 million of...

Review: 'Patapon 2' leads parade of rhythm games

May 5, 2009 1:34 pm | by LOU KESTEN - Associated Press Writer - Associated Press | News | Comments

Thanks to "Dance Dance Revolution," ''Guitar Hero" and "Rock Band," music games have become an increasingly popular part of the video-game universe. But you don't need a plastic floor mat or a phony guitar to get your groove on.In Nintendo's excellent "Rhythm Heaven," you use a DS stylus to match...

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Canada to talk trade despite EU seal product ban

May 5, 2009 1:29 pm | by ROB GILLIES - Associated Press Writer - Associated Press | News | Comments

TORONTO (AP) — Canada's trade minister says a European Parliament ban of Canadian seal products won't prevent Canada and the EU from agreeing on a wide-ranging free-trade agreement.The European Parliament voted Tuesday to ban imports of seal products in an effort to force Canada to end its annual...

CVS Caremark lifts outlook on expected PBM growth

May 5, 2009 1:24 pm | by The Associated Press | News | Comments

NEW YORK (AP) — CVS Caremark Corp. raised its full-year profit forecast Tuesday, saying it expects greater revenue for its pharmacy benefits management business and the operations of Longs Drugs are performing well.The Woonsocket, R.I., company said it expects a profit of $2.55 per share to $2.63...

GM plans 1-for-100 reverse stock split

May 5, 2009 1:19 pm | by KIMBERLY S. JOHNSON - AP Auto Writers - Associated Press | News | Comments

DETROIT (AP) — General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 shares they currently own.The automaker said in a filing with the Securities and Exchange Commission that the deal would be part of an...

Pulte 1Q loss narrows

May 5, 2009 1:18 pm | by ALEX VEIGA - AP Real Estate Writer - Associated Press | News | Comments

Pulte Homes Inc. says its first-quarter loss improved versus a year ago as the homebuilder cut costs and absorbed smaller losses from declining value of its land and other assets.The Bloomfield Hills, Mich.-based homebuilder said Tuesday it lost $514.8 million, or $2.02 a share, in the three months...

Tracking Bernanke's comments on the economy

May 5, 2009 1:13 pm | by The Associated Press | News | Comments

WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke said Tuesday that the U.S. economy could begin to grow later this year if the government can gradually repair the financial system. His testimony to Congress' Joint Economic Committee largely echoed statements he's made in recent months. But...

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Centex loss narrows in 4Q

May 5, 2009 1:13 pm | by The Associated Press | News | Comments

DALLAS (AP) — Centex Corp. says its loss narrowed by about half in its most recent quarter, but the homebuilder's results were twice as bad as Wall Street expected.The Dallas-based company said Tuesday it lost $402.8 million, or $3.24 per share, in the three months ended in March. That compares...

Tiny particles make LED light more pleasing

May 5, 2009 1:03 pm | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — Light-emitting diodes are prime candidates for replacing inefficient incandescent bulbs, but have a few things working against them. they can provide a pleasing warm light or they can be energy-efficient, but they haven't been able to be both at the same time.On Tuesday, two small...

Date set for Charter reorganization plan hearing

May 5, 2009 1:03 pm | by The Associated Press | News | Comments

ST LOUIS (AP) — A date has been set for the confirmation hearing of Charter Communications Inc.'s reorganization plan as it seeks to emerge from bankruptcy, but lender objections remain.The St. Louis-based cable TV operator, which is controlled by Microsoft co-founder Paul Allen, said the U.S....

Mexico to invest $2 billion in economy hit by flu

May 5, 2009 1:03 pm | by JULIE WATSON - Associated Press Writer - Associated Press | News | Comments

MEXICO CITY (AP) — The swine flu outbreak has cost Mexico at least $2.2 billion over the past 10 days, the finance secretary announced Tuesday, as damage to tourism and agriculture threatens to push Latin America's second-largest economy into a deep recession.The Mexican government said Tuesday it...

EA posts smaller 4Q loss as costs decline

May 5, 2009 12:32 pm | by BARBARA ORTUTAY - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — Video game publisher Electronic Arts Inc. posted a smaller net loss Tuesday for its fiscal fourth quarter as it further slashed costs in a quarter that had fewer hit game launches.Redwood City, Calif.-based EA also reaffirmed its adjusted guidance for the current fiscal year, and...

Las Vegas Sands reports wider 1Q loss

May 5, 2009 12:32 pm | by KRISTEN A. LEE - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Casino operator Las Vegas Sands Corp. said Tuesday its first-quarter loss widened year-over-year as revenue stagnated and expenses rose, but the results were slightly better than Wall Street expected.For the quarter that ended March 31, the Las Vegas-based company said it lost $87.7...

Health insurers offer to stop charging women more

May 5, 2009 12:27 pm | by RICARDO ALONSO-ZALDIVAR - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — The health insurance industry offered Tuesday to stop charging women higher premiums, a surcharge that hits many self-employed working women trying to buy their own coverage.It was the latest concession from insurers as Congress works to overhaul the nation's $2.5 trillion health...

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