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Recession forces new focus in e-commerce marketing

May 4, 2009 8:03 pm | by ANNE D'INNOCENZIO - AP RETAIL WRITER - Associated Press | News | Comments

NEW YORK (AP) — Online retailers are shifting their marketing from traditional advertising to less expensive tools like and Twitter and e-mail as they seek market share or just work to retain customers, according to an industry study being released Tuesday.Conducted by Internet...

Tata sells 203,000 Nanos, makes $512 million

May 4, 2009 4:52 pm | by ERIKA KINETZ - AP Business Writer - Associated Press | News | Comments

MUMBAI, India (AP) — More than 203,000 people have bought the ultra-cheap Nano car in India yielding sales of 25 billion rupees ($512.6 million), Tata Motors said."Tata Motors places on record its gratitude to the people of India for according such a warm welcome to the Tata Nano," the company said...

NYT union workers approve 5 percent pay cut

May 4, 2009 4:36 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Union workers at The New York Times will accept a 5 percent pay cut through the end of the year to help the newspaper avert more layoffs.The Newspaper Guild members approved the wage reductions by a vote of 377 to 36 in balloting completed Monday night, according to The New York...


Obama's tax plans raises high-tech hackles

May 4, 2009 4:21 pm | by MICHAEL LIEDTKE - AP Technology Writer - Associated Press | News | Comments

SAN FRANCISCO (AP) — President Barack Obama's plan to impose U.S. taxes on corporate America's overseas profits threatens to open a big crater in the financial statements of technology companies.While additional taxes are rarely popular, Obama's decision to go after corporate earnings outside the...

Platinum completes purchase of San Diego newspaper

May 4, 2009 4:01 pm | by The Associated Press | News | Comments

SAN DIEGO (AP) — Platinum Equity said Monday it completed its purchase of The San Diego Union-Tribune from Copley Press Inc., the private equity firm's first venture in newspaper publishing.Copley agreed to sell the Union-Tribune in March for an undisclosed sum eight months after putting it up for...

Top Hartford Courant editors leaving jobs

May 4, 2009 3:15 pm | by The Associated Press | News | Comments

HARTFORD, Conn. (AP) — An executive of The Hartford Courant says Editor Cliff Teutsch and Managing Editor Barbara Roessner are resigning and will be replaced by an interim editor.The paper reported on its Web site Monday that Senior Vice President Jeff Levine said in a memo to staff that the...

UAW chief says union will sell its Chrysler stock

May 4, 2009 3:00 pm | by KIMBERLY S. JOHNSON - AP Auto Writers - Associated Press | News | Comments

STERLING HEIGHTS, Mich. (AP) — The United Auto Workers union has no intention of keeping its 55 percent stake in the new Chrysler and will sell the shares as soon as possible to fund a trust that will take over retiree health care costs next year, the union's president said Monday.Speaking to...

Investment bank chief eyes purchase of Sun-Times

May 4, 2009 2:45 pm | by The Associated Press | News | Comments

CHICAGO (AP) — A Chicago investment banker said Monday he is assembling a group to bid on the bankrupt Sun-Times Media Group.James Tyree, chairman of Mesirow Financial Holdings, said he is reviewing the Chicago-based media company's books, though his financial company would not be part of any bid....


Feds to tell banks how they did on 'stress tests'

May 4, 2009 2:40 pm | by The Associated Press | News | Comments

WASHINGTON (AP) — Banks will be told today how they did on their "stress tests" and informed of regulators' final decisions on how much capital they need to raise.Officials will announce on Thursday how the 19 largest banks fared on tests of how much they would lose if the recession unexpectedly...

Treasurys mixed after stronger-than-expected data

May 4, 2009 2:04 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Treasurys ended narrowly mixed Monday after better-than-expected economic data and big debt purchases by the Federal Reserve.Investors have been selling Treasurys and buying stocks in recent weeks on evidence the economy is turning around. That Treasury selloff has driven up the...

E.W. Scripps posts 1Q loss

May 4, 2009 1:59 pm | by BARBARA ORTUTAY - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Media company E.W. Scripps, which earlier this year shut down Denver's Rocky Mountain News, said Monday that weak advertising spending and a slew of charges led to a net loss in the first quarter."Ad revenues from the first quarter were flat-out terrible," said Rich Boehne,...

D.R. Horton's fiscal 2Q loss narrows

May 4, 2009 1:54 pm | by ALEX VEIGA - AP Real Estate Writer - Associated Press | News | Comments

D.R. Horton Inc. said Monday it narrowed its losses in the most recent quarter as the nation's largest homebuilder dramatically decreased the charges it took against falling land values and unsold homes.The Fort Worth, Texas-based company said it lost $108.6 million, or 34 cents a share, in its...

NPD Group: BlackBerry Curve outsold iPhone in 1Q

May 4, 2009 1:48 pm | by RACHEL METZ - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — Research In Motion Ltd. is throwing Apple Inc. a curveball in the smart phone game: The BlackBerry Curve outsold Apple's iPhone in the first quarter, according to market researchers at The NPD Group.For one stretch last year, Apple said it sold more iPhones than RIM, the longtime...

Diebold agrees to pay $25M to settle charges

May 4, 2009 1:48 pm | by The Associated Press | News | Comments

NORTH CANTON, Ohio (AP) — ATM maker Diebold Inc. said Monday it will pay $25 million to settle civil charges of securities fraud under a tentative agreement with federal regulators.Diebold also said it had been informed that the U.S. Attorney's office for the Northern District of Ohio will not...

Mergers, Acquisitions & Announcements 05-04-09

May 4, 2009 1:46 pm | News | Comments

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