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Poll: Swedish pro file-sharing party gains support

April 30, 2009 8:15 am | by The Associated Press | News | Comments

STOCKHOLM, Sweden (AP) — A new poll shows a Swedish party that calls for legalizing Internet file-sharing could win a seat in the European Parliament in June.The poll published Thursday in the Stockholm newspaper Dagens Nyheter shows the Pirate Party's backing has surged after a court verdict...

Energy prices waver with new signs of weak economy

April 30, 2009 8:15 am | by CHRIS KAHN - AP Energy Writer - Associated Press | News | Comments

NEW YORK (AP) — Oil prices wavered Thursday as the nation's employment picture darkened and consumers pulled back on spending.Benchmark crude for June delivery ticked up 15 cents to settle at $51.12 a barrel on the New York Mercantile Exchange. In London, Brent prices rose 2 cents to settle at...

Marathon 1Q profit falls 61 percent

April 30, 2009 8:10 am | by JOHN PORRETTO - AP Energy Writer - Associated Press | News | Comments

HOUSTON (AP) — Marathon Oil Corp. said Thursday its first-quarter profit fell 61 percent from a year ago as the company, like many competitors, saw results dive along with oil and natural gas prices. The result fell below Wall Street expectations.Houston-based Marathon said earnings for the...

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Defendant in reinsurance fraud sentenced

April 30, 2009 8:10 am | by DAVE COLLINS - Associated Press Writer - Associated Press | News | Comments

HARTFORD, Conn. (AP) — A former executive of Connecticut-based General Re Corp. was sentenced Thursday to a year and a day in prison for his role in an accounting scandal that authorities say cost shareholders of American International Group Inc. more than $500 million.Robert Graham, 61, of...

Kellogg 1Q profit climbs despite sales dip

April 30, 2009 8:10 am | by JAMES PRICHARD - AP Business Writer - Associated Press | News | Comments

GRAND RAPIDS, Mich. (AP) — Kellogg Co., maker of Pop-Tarts toaster pastries and All-Bran cereal, said Thursday that cutting costs helped its profit climb 2 percent in the first quarter even as sales declined. Shares climbed more than 9 percent in early trading.The cereal and snack company affirmed...

Exxon Mobil 1Q profit falls 58 percent

April 30, 2009 8:10 am | by JOHN PORRETTO - AP Energy Writer - Associated Press | News | Comments

HOUSTON (AP) — Exxon Mobil Corp. said Thursday first-quarter earnings fell 58 percent from a year ago, its lowest profit in more than five years, as the world's biggest publicly traded oil company saw crude and gas prices fall precipitously.The quarterly profit also fell short of Wall Street...

German beer sales down 6.8 percent on year in 1Q

April 30, 2009 8:09 am | by The Associated Press | News | Comments

BERLIN (AP) — German beer sales were down 6.8 percent on the year in the first quarter, with exports to other European countries showing a particularly sharp decline, according to official figures released Thursday.Germany's brewers sold 4.37 billion pints, or 2.07 billion liters, of beer from...

Motorola loss widens; analysts see worrisome signs

April 30, 2009 8:09 am | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — Motorola Inc. defeated low expectations Thursday, posting a smaller first-quarter loss than Wall Street had expected and regaining its position as the world's fourth-largest maker of cell phones.Investors were largely unimpressed, and analysts pointed to deterioration in the...

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Chrysler succumbs to bankruptcy after struggle

April 30, 2009 8:09 am | by STEPHEN MANNING - AP Business Writers - Associated Press | News | Comments

DETROIT (AP) — After months of living on government loans, Chrysler finally succumbed to bankruptcy Thursday, pinning its future on a top-to-bottom reorganization and plans to build cleaner cars through an alliance with Italian automaker Fiat.The nation's third-largest car manufacturer filed for...

Kodak posts wider 1Q loss, suspends dividend

April 30, 2009 8:09 am | by BEN DOBBIN - AP Business Writer - Associated Press | News | Comments

ROCHESTER, N.Y. (AP) — Eastman Kodak Co. scrapped its dividend and trimmed the salaries of top executives Thursday, blaming the global economic downturn for a wider first-quarter loss and sliding sales of digital cameras and other photography products. Its stock fell 15 percent.The photography...

Air France exec to chair Areva supervisory board

April 30, 2009 8:09 am | by The Associated Press | News | Comments

PARIS (AP) — Areva SA has appointed Air France-KLM chairman Jean-Cyril Spinetta to chair its supervisory board, the French state-owned nuclear engineering firm said Thursday.Spinetta, 65, replaces former supervisory board chairman Frederic Lemoine, who resigned earlier this month. Spinetta was...

KBR 1st-quarter profit falls

April 30, 2009 8:09 am | by STEPHEN SINGER - AP Business Writer - Associated Press | News | Comments

HARTFORD, Conn. (AP) — KBR Inc.'s first-quarter earnings dropped 21 percent from a year ago when the engineering and construction company posted a $51 million gain from an arbitration award.The Houston company, which does construction work for the military in Iraq and Afghanistan, topped Wall...

Hyundai Heavy 1st-quarter net profit gains

April 30, 2009 8:09 am | by KELLY OLSEN - AP Business Writer - Associated Press | News | Comments

SEOUL, South Korea (AP) — Hyundai Heavy Industries, the world's largest shipbuilder, reported a 12.7 percent rise in first quarter net profit on foreign exchange gains, but in a sign of tough times said it hasn't recieved a single new order in more than six months.Hyundai Heavy Industries Co....

Newell Rubbermaid 1Q profit down, still beats view

April 30, 2009 8:09 am | by ASHLEY M. HEHER - AP Retail Writer - Associated Press | News | Comments

CHICAGO (AP) — Consumer products maker Newell Rubbermaid Inc. said its cost-cutting helped it beat Wall Street forecasts during the first quarter, and it maintained its profit forecasts for the year, news that sent the company's shares to an almost five-month high.The maker of Sharpie pens and...

P & G's 3Q profit drops nearly 4 percent

April 30, 2009 8:09 am | by DAN SEWELL - AP Business Writer - Associated Press | News | Comments

CINCINNATI (AP) — With households around the globe cutting spending in the recession, consumer goods company Procter & Gamble Co. said Thursday that its profit fell nearly 4 percent in the fiscal third quarter.The maker of Tide detergent, Pampers diapers and Gillette shavers also trimmed its...

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