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Japan jobless rate up, spending down in March

April 30, 2009 4:06 pm | by The Associated Press | News | Comments

TOKYO (AP) — Japan says its jobless rate rose and household spending fell in March.Friday's government announcement shows the world's second-largest economy is still faltering.The Ministry of Internal Affairs and Communications said the jobless rate worsened to 4.8 percent in March, up from 4.4...

IDT reports fiscal 4th-qtr loss

April 30, 2009 3:46 pm | by The Associated Press | News | Comments

SAN JOSE, Calif. (AP) — Integrated Device Technology Inc. on Thursday reported a loss for its fiscal fourth-quarter due to a drop in revenue and a major writedown in the value of the company.For the quarter that ended March 29, the communications chip maker reported a loss of $719.2 million, or...

Delta chief's '08 compensation valued at $17.4M

April 30, 2009 3:05 pm | by HARRY R. WEBER - AP Airlines Writer - Associated Press | News | Comments

ATLANTA (AP) — The chief executive officer of Delta Air Lines Inc., Richard Anderson, received total compensation valued at $17.4 million in 2008, a 54 percent jump from 2007 when he was in charge of the company for only four months, according to Associated Press calculations of data filed with...

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Correction: Drugmaker dollars story

April 30, 2009 2:50 pm | by The Associated Press | News | Comments

WASHINGTON (AP) — In several versions of an April 28 story about a report on the influence of drugmaker money in medicine, The Associated Press reported erroneously that the head of Stanford University's psychiatry department had stepped down under criticism by a U.S. senator over payments made to...

Las Vegas Sands CEO Adelson paid $1.28M in 2008

April 30, 2009 2:40 pm | by OSKAR GARCIA - Associated Press Writer - Associated Press | News | Comments

LAS VEGAS (AP) — Billionaire Sheldon Adelson received $1.28 million in compensation as chief executive of Las Vegas Sands Corp. in 2008, 59 percent less than in 2007, as stock in the company where he is majority owner fell 94 percent, according to an Associated Press analysis of a company...

The Hartford Financial posts 1Q loss

April 30, 2009 2:25 pm | by The Associated Press | News | Comments

The Hartford Financial Services Group Inc. on Thursday posted a $1.2 billion first-quarter loss, and said it is suspending sales of annuities in Japan and the U.K. and halting plans to sell the products in Germany in a move to cut costs.For the first three months of the year, the insurance and...

Consumer companies' earning results at a glance

April 30, 2009 2:15 pm | by The Associated Press | News | Comments

Quarterly earnings reports from major U.S. consumer products makers Thursday show their revenue fell because of consumers' spending cuts and the stronger dollar. Some highlights:Procter & Gamble Co. — Cincinnati-based consumer products maker P&G earned $2.61 billion, or 84 cents per share, compared...

Monster Worldwide CEO's compensation fell in 2008

April 30, 2009 1:49 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Sal Iannuzzi, the chief executive of Monster Worldwide Inc., received compensation in 2008 valued at $8.2 million — a 37 percent decline from the year before — according to an Associated Press analysis of a Wednesday SEC filing.Iannuzzi, who has headed the New York-based job...

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Suit against ex-Countrywide CEO to be held in Fla.

April 30, 2009 1:29 pm | by The Associated Press | News | Comments

TALLAHASSEE, Fla. (AP) — A federal court has ruled that Florida's lawsuit against the former chief executive of Countrywide Financial Corp. should be tried in state court.A federal court in California this week sent the state's lawsuit against former CEO Angelo R. Mozilo back to Florida's circuit...

Hog prices fall on swine flu worries

April 30, 2009 1:23 pm | by EMILY FREDRIX - AP Food Industry Writer - Associated Press | News | Comments

MILWAUKEE (AP) — Prices for U.S. hogs slipped on Thursday as concern deepened about swine flu's spread around the world, worrying traders that pork demand will drop as consumers shy away from the meat.U.S. health officials have said the H1N1 virus, which causes swine flu, can not be contracted by...

Thursday's Treasury bond market at a glance

April 30, 2009 1:23 pm | by The Associated Press | News | Comments

Key barometers in the Treasury market late Thursday, compared with late Wednesday. Price changes in the 10-year note and 30-year bond are per $1,000 invested:10-year bond -0.63 -7.1930-year bond -0.31 -11.56___Yield Pvs Session1-month bill 0.03 0.013-month bill ...

Treasurys mixed after data on jobless claims

April 30, 2009 1:23 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Treasurys ended mixed Thursday after data showed a surprise decline in jobless claims but also a drop in personal spending.In a positive sign for the economy, the Labor Department said initial jobless claims fell by 14,000 last week to 631,000. Economists had forecast an increase....

AOL names yet another head of online ad business

April 30, 2009 1:23 pm | by RACHEL METZ - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — AOL, the struggling Internet unit that Time Warner Inc. is likely to spin off, said Thursday that it will put a new executive in charge of its online advertising business — making him the fourth person to hold that title in little over a year.Former Google Inc. executive Jeff Levick...

How the major stock indexes fared Thursday

April 30, 2009 1:13 pm | by The Associated Press | News | Comments

Chrysler's bankruptcy put only a small dent in Wall Street's rally. The Dow Jones industrial average gave up early gains and ended only moderately lower on Thursday after President Barack Obama confirmed that Chrysler LLC will be going through a bankruptcy reorganization. The announcement was not...

Chiquita's 1Q net income falls 26 percent

April 30, 2009 1:13 pm | by The Associated Press | News | Comments

CINCINNATI (AP) — Chiquita Brands International Inc. said Thursday that its sales of bananas and packaged salads were stronger than expected in the first quarter, but the strong dollar dragged its net income down 26 percent.The earnings results handily beat analyst expectations, and Chiquita shares...

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