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Facebook executive considers Calif. AG campaign

April 29, 2009 4:48 pm | by The Associated Press | News | Comments

SACRAMENTO (AP) — An executive with the company that operates social networking Web site Facebook announced Wednesday that he's considering running for attorney general of California.Chris Kelly, Facebook's chief privacy officer, said he had formed an exploratory committee to consider a campaign to...

Calif financier Pang granted $1 million bail

April 29, 2009 4:17 pm | by The Associated Press | News | Comments

SANTA ANA, Calif. (AP) — A federal magistrate has ruled that California-based financier Danny Pang can be released on $1 million bail following his arrest on a complaint alleging he evaded currency reporting laws.Pang was expected to be released from custody late Wednesday after posting bail and...

Airline seats to Mexico easy to come by

April 29, 2009 4:12 pm | by DAVID KOENIG - AP Airlines Writers - Associated Press | News | Comments

Airlines are flying some nearly empty planes from the United States to Mexico, a check by The Associated Press showed Wednesday, a sign that swine flu worries may be keeping travelers home.Travelers had reserved fewer than half of the available seats on six Continental Airlines flights on Wednesday...

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SoCal fund manager has assets frozen in fraud case

April 29, 2009 3:42 pm | by The Associated Press | News | Comments

LOS ANGELES (AP) — A federal judge on Wednesday froze the assets of a Beverly Hills hedge fund manager accused by the Securities Exchange Commission of duping investors out of $38 million by misleading them about his funds' performance, the commission said in a statement.U.S. District Judge Valerie...

French lawmakers reconsider Internet piracy bill

April 29, 2009 3:21 pm | by The Associated Press | News | Comments

PARIS (AP) — French legislators reconsidered a bill Wednesday that would punish people who illegally download music and films by cutting off their Internet connections.The bill was rejected in a surprise move earlier this month. Record labels and film companies had looked to the measure to boost...

Firm rejects Madoff charges by Mass. regulator

April 29, 2009 2:56 pm | by The Associated Press | News | Comments

BOSTON (AP) — A Connecticut firm that acted as a feeder fund for Bernard Madoff's fraudulent investment scheme rejected allegations Wednesday by Massachusetts' top securities regulator that it misrepresented its lack of knowledge about Madoff's operations.Secretary of State William Galvin accused...

Canadian newspaper cancels Monday print editions

April 29, 2009 2:40 pm | by The Associated Press | News | Comments

TORONTO (AP) — Canada's National Post, one of the country's two national newspapers, is going without its Monday print editions for nine weeks this summer in a move that will lower its newsprint costs.Company spokeswoman Phyllise Gelfand says the company will still publish an online edition. It...

Revlon names CFO Ennis as chief executive

April 29, 2009 2:40 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Cosmetics company Revlon Inc. said Wednesday Chief Financial Officer Alan T. Ennis will become president and chief executive on May 1, replacing David Kennedy who is moving to the role of vice chairman.The company, which previously reported a drop in fourth-quarter earnings...

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Sycamore Networks to cut 30 percent of work force

April 29, 2009 2:20 pm | by The Associated Press | News | Comments

CHELMSFORD, Mass. (AP) — Sycamore Networks Inc. said Wednesday it is cutting about 30 percent of its worldwide work force because of the economic turmoil and reduced capital spending in the telecommunications market.The telecommunications equipment maker did not specify how many jobs will be...

Wednesday's Treasury bond market at a glance

April 29, 2009 2:08 pm | by The Associated Press | News | Comments

Key barometers in the Treasury market late Wednesday, compared with late Tuesday. Price changes in the 10-year note and 30-year bond are per $1,000 invested:10-year bond -7.19 -8.4430-year bond -11.56 -19.69___Yield Pvs Session1-month bill 0.01 0.043-month bill ...

Treasurys tumble as Fed sounds optimistic note

April 29, 2009 2:08 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Treasurys slumped Wednesday after the Federal Reserve sided with stock investors and said the economy is showing signs of stabilizing.The central bank's assessment dampened demand for the safety of government debt, pushing bond yields sharply higher. The stock market has been...

Study suggests doctors could add to Wikipedia

April 29, 2009 1:53 pm | by RACHEL METZ - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — Researchers are suggesting that doctors could be spending more time writing and editing Wikipedia pages on medical topics, despite questions that have been raised about the collaborative online encyclopedia's credibility.Medical professionals should recognize that Wikipedia has...

Titleist golf ball maker to slash 169 jobs

April 29, 2009 1:38 pm | by The Associated Press | News | Comments

FAIRHAVEN, Mass. (AP) — The economy appears to be keeping more people off the links and that's causing problems for a Massachusetts company that makes golf balls.Acushnet Co. plans to lay off 169 workers due to a sharp drop in worldwide sales of Titleist golf balls.A spokeswoman for the...

Survey: 22 pct of Internet users ditch newspaper

April 29, 2009 1:38 pm | by ANDREW VANACORE - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Sure, plenty of readers are turning more to the Web for newspaper and magazine stories, but are they giving up on print altogether?In many cases, yes, according to a recent study by the University of Southern California's Annenberg School for Communication. It found that 22 percent...

JDS Uniphase posts wider fiscal 3Q loss

April 29, 2009 1:22 pm | by The Associated Press | News | Comments

MILPITAS, Calif. (AP) — Communications equipment company JDS Uniphase Corp. said Wednesday its fiscal third-quarter loss widened and it predicted weaker-than-expected sales in the current fourth quarter.The company posted a loss of $85.2 million, or 40 cents per share, for the three months that...

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