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Apparel maker VF's 1st-qtr profit falls one-third

April 28, 2009 1:23 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Shares of apparel maker VF Corp. fell after hours Tuesday after the company painted a bleaker picture of the fall and remainder of the year than investors were hoping for, cutting its revenue and earnings guidance as its first-quarter profit fell 33 percent.VF shares fell $4.38, or...

North Dakota seeks companies to move incorporation

April 28, 2009 1:18 pm | by DAVID KOENIG - AP Business Writer - Associated Press | News | Comments

DALLAS (AP) — Shareholders at a small but growing number of companies will be voting on proposals to ditch Delaware or other states and incorporate in North Dakota.Oil giant Exxon Mobil Corp., Continental Airlines Inc. and Southwest Airlines Co. are among the latest companies to announce that...

Strong dollar hurts Pfizer, Bristol-Myers results

April 28, 2009 1:03 pm | by LINDA A. JOHNSON - AP Business Writer - Associated Press | News | Comments

TRENTON, N.J. (AP) — Pfizer Inc. reported lower first-quarter profit Tuesday as sales suffered for drugs including the blockbuster Lipitor, while rival Bristol-Myers Squibb Co. was a rare bright spot among drugmakers this quarter, posting an increase in sales.Still, both companies saw their profits...

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Treasury gives $121.8M to 12 banks under bailout

April 28, 2009 12:58 pm | by MARTIN CRUTSINGER - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — The Treasury Department has approved 12 more banks to participate in the $700 billion financial rescue program.The 12 institutions will receive a total of $121.8 million, Treasury said Tuesday, with about half going to Standard Bancshares Inc. of Hickory Hills, Ill.The government...

Updated Version

April 28, 2009 12:37 pm | Product Releases | Comments

CONTEC announces the release of its CPU-SB304-FIT Series, an updated version of its din-rail mountable microcontroller featuring Intel’s 1.0GHz ULV Celeron M.

Textron's 1st-quarter profit falls 63 pct

April 28, 2009 12:37 pm | by The Associated Press | News | Comments

WASHINGTON (AP) — Textron Inc., which makes Cessna planes, Bell helicopters and turf maintenance equipment, said Tuesday its first-quarter profit fell 63 percent as the recession drove down demand for its corporate jets. It also slashed its 2009 profit outlook and said it expects more job cuts.The...

BofA talking restructuring with Fontainebleau

April 28, 2009 12:37 pm | by OSKAR GARCIA - Associated Press Writer - Associated Press | News | Comments

LAS VEGAS (AP) — Developers of a $3 billion casino resort in Las Vegas who sued their lenders last week are in talks with at least one of the banks about restructured financing.Bank of America spokeswoman Shirley Norton told The Associated Press on Tuesday that it was discussing "restructured...

Flight attendants union wants flu safeguards

April 28, 2009 12:37 pm | by HARRY R. WEBER - AP Airlines Writer - Associated Press | News | Comments

ATLANTA (AP) — A national flight attendants union wants the Federal Aviation Administration to require U.S. airlines to develop and implement passenger-screening standards because of the swine flu scare.The request, if granted, could be costly to an industry already reeling from a drop-off in...

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Union: American Axle to close Detroit plant

April 28, 2009 12:32 pm | by The Associated Press | News | Comments

NEW YORK (AP) — American Axle & Manufacturing Inc. plans to shutter the largest plant at its Detroit manufacturing complex and move production to Mexico, a union official said Tuesday.Bill Alford, president of UAW Local 235, said officials for the auto supplier told the union that the plant will...

Company pulls plug on 'Fallujah' war video game

April 28, 2009 12:32 pm | by BARBARA ORTUTAY - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — The publisher behind a video game based on one of the Iraq war's fiercest battles has pulled the plug on the title, called "Six Days in Fallujah."A spokeswoman for Japanese game company Konami Corp. confirmed Tuesday the company is no longer publishing the game, which was set to go...

Wind industry adds nearly 3,000 MW, group says

April 28, 2009 12:27 pm | by SANDY SHORE - AP Energy Writer - Associated Press | News | Comments

DENVER (AP) — Wind farms added more than 2,800 megawatts of capacity in the first quarter, a trade group reported Tuesday, offering a sliver of good news for an industry pummeled by frozen credit markets and the recession.From January to March, about three dozen developers started wind farms in 15...

As Oracle readies takeover, Sun's loss widens

April 28, 2009 12:22 pm | by The Associated Press | News | Comments

SAN FRANCISCO (AP) — Sun Microsystems Inc.'s loss ballooned in the latest quarter as restructuring charges and a 20 percent drop in sales compounded the financial woes Oracle Corp. is set to inherit by acquiring Sun for $7.4 billion.Sun, a server and software maker whose wobbly performance for most...

DreamWorks Animation 1Q results beat Street

April 28, 2009 12:22 pm | by The Associated Press | News | Comments

LOS ANGELES (AP) — Movie studio DreamWorks Animation SKG Inc. said Tuesday its first-quarter profit more than doubled because of strong sales from the home video and international release of "Madagascar: Escape 2 Africa."The results blew past analyst expectations. Shares in the Glendale-based...

Replaces Vacuum Cups In Sheet Handling Apps

April 28, 2009 12:21 pm | Industrial Magnetics, Inc. | Product Releases | Comments

IMI introduces the Transporter LP that magnetically transfers steel blanks, stampings and parts in automated station to station, press-to press and robotic pick and place systems.

Pressure Transducers & Temp Sensors For Jet

April 28, 2009 12:12 pm | Ametek Automation & Process Technologies | Product Releases | Comments

AMETEK Aerospace & Defense has been selected to provide hydraulic pressure transducers, hydraulic temperature sensors, flight data system accelerometers and a suite of cooling fans for the ultra-long range, technologically advanced Gulfstream G650 business jet. 

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