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Semtech 1Q profit falls 39 percent as sales slump

May 20, 2009 1:39 pm | by The Associated Press | News | Comments

CAMARILLO, Calif. (AP) — Semiconductor maker Semtech Corp. on Wednesday said its first-quarter profit fell 39 percent as cost-cutting efforts failed to fully offset lower sales. But results still topped Wall Street estimates and the company forecast better-than-expected sales for the second...

3 GM executives sell more than 200,000 shares, 2nd Ld-Writethru, US

May 20, 2009 1:39 pm | by DAN STRUMPF - AP Auto Writer - Associated Press | News | Comments

NEW YORK (AP) — Three top executives at General Motors Corp. recently sold more than 200,000 shares of the automaker just days ahead of a government-posed restructuring deadline.The three executives sold nearly 204,000 shares on Tuesday at prices ranging between $1.09 and $1.25 per share, according...

Announces Richard F. Sommer Appointed Chief Executive Officer Business Editors/High-Tech Editors

May 20, 2009 1:39 pm | by The Associated Press | News | Comments

SANTA CLARA, Calif.-- (BUSINESS WIRE) — May 20, 2009--LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based advertising and marketing services for small- and medium-sized local businesses (SMB), announced today that it has appointed Richard F. Sommer as its new Chief Executive Officer (CEO)."The...

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RFK's son considering Senate bid from Illinois, 2nd Ld-Writethru, IL

May 20, 2009 1:39 pm | by DEANNA BELLANDI - Associated Press Writer - Associated Press | News | Comments

CHICAGO (AP) — A son of the late Robert F. Kennedy is considering a run for the U.S. Senate seat once held by President Barack Obama, the latest member of his family dynasty to take a stab at politics.The seat Christopher Kennedy is interested in is now held by Sen. Roland Burris, who was appointed...

Jury tells Microsoft to pay $200M in patent fight, US

May 20, 2009 1:39 pm | by The Associated Press | News | Comments

SEATTLE (AP) — A federal jury in Tyler, Texas, has ordered Microsoft Corp. to pay $200 million for infringing on a Canadian technology company's patent.The decision was announced in U.S District Court for the Eastern District of Texas on Wednesday, Microsoft said.Last March, Toronto-based i4i LLP...

Gymboree 1Q profit tops expectations

May 20, 2009 1:39 pm | by The Associated Press | News | Comments

SAN FRANCISCO (AP) — Children's apparel retailer Gymboree Corp. said Wednesday its first-quarter earnings slid 13 percent, hurt by a drop in sales at stores open at least one year, but still topped Wall Street expectations.For the quarter ended May 2, profit declined to $21.8 million, or 74 cents...

House Dems press leadership over partisan debate, 2nd Ld-Writethru, TX

May 20, 2009 1:39 pm | by APRIL CASTRO - Associated Press Writer - Associated Press | News | Comments

AUSTIN, Texas (AP) — House Democrats said Wednesday they are prepared to put up a fight to stop a looming battle over efforts to require Texans to show more ID before they can vote.The bill has already been a partisan flashpoint in the Republican-led Senate, where it was approved along party lines...

Venezuela seizes 35 oil contractors under new law, LT

May 20, 2009 1:39 pm | by The Associated Press | News | Comments

CARACAS, Venezuela (AP) — Venezuela's state oil company is seizing control of 35 oil contractors under a new law, President Hugo Chavez's government said Wednesday.The takeovers will affect dozens of local companies that provide transport and other services to Venezuela's state oil company on...

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Citi Trends raises full-year profit outlook, APFN

May 20, 2009 1:39 pm | by The Associated Press | News | Comments

SAVANNAH, Ga. (AP) — Clothing company Citi Trends Inc. on Wednesday raised its 2009 profit outlook, expecting same-store sales to rise during the period.The company raised its yearly profit outlook to $1.33 per share, which includes 6 cents in charges. It previously expected earnings of $1.30 per...

Meltdown 101: How new credit card rules affect you

May 20, 2009 1:33 pm | by CANDICE CHOI - AP Personal Finance Writer - Associated Press | News | Comments

The overhaul of the credit card industry is being hailed as a triumph for long-abused consumers. But before you start banking on falling interest rates or vanishing fees, you might want to read the fine print.Credit card legislation that Congress sent President Barack Obama on Wednesday bans...

PetSmart 1Q profit rises 12 pct, ups 2009 view, APFN

May 20, 2009 1:33 pm | by The Associated Press | News | Comments

PHOENIX, Ariz. (AP) — Pet supplies retailer PetSmart Inc. said Wednesday its first-quarter profit rose 12 percent on higher merchandise and service sales.The company earned $46.3 million, or 37 cents per share, compared with profit of $41.2 million, or 32 cents per share, during the same period a...

Chrysler Notebook: Judge denies sale delay, US

May 20, 2009 1:33 pm | by The Associated Press | News | Comments

fasst369 fasst365%meta(ap_subject:Business;%)NEW YORK (AP) — Developments from Wednesday's Chrysler bankruptcy hearing:THE ISSUE: A group of Indiana state pension funds that own Chrysler LLC debt asked U.S. Judge Arthur Gonzalez to delay the automaker's planned hearing on the proposed sale of most...

BW)(CA-AMERICAN-STATES-WATER)(AWR.NYSE) American States Water Company Completes Public Offering of Common Shares Business Editors

May 20, 2009 1:33 pm | by The Associated Press | News | Comments

SAN DIMAS, Calif.-- (BUSINESS WIRE) — May 20, 2009-- American States Water Company (NYSE:AWR) announced today that it has completed an underwritten public offering of 1,150,000 shares of its Common Stock, including 150,000 shares issued upon exercise of an option granted to the underwriters to...

Allegheny Energy says Va. OK'd 6 percent rate hike, APFN

May 20, 2009 1:32 pm | by The Associated Press | News | Comments

RICHMOND, Va. (AP) — Allegheny Energy Inc. says Virginia has approved an interim rate increase for customers of its Potomac Edison Co. subsidiary.Greensburg, Pa.-based Allegheny said Wednesday the average residential bill in Virginia will increase $5.47, or 6 percent, to approximately $96 a month...

Daily Summary May 20, 2009. MIDWEST CATTLE Direct Trade: In the direct slaughter cattle trade in the Five Major Marketing Areas,, WI

May 20, 2009 1:32 pm | by The Associated Press | News | Comments

Texas/Oklahoma; Kansas; Nebraska; Colorado; Iowa/Minnesota; not enough sales toestablish a trend.Steers: Live basis; (all Grades: 0 head).Dressed Basis; (all Grades: 1,606 head) 135.00-136.00,weighted average 135.68.Heifers: Live Basis; (all Grades: 89 head) 85.00.Dressed Basis; (all Grades: 0...

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