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Business journalism association to move to ASU

April 28, 2009 6:56 pm | by The Associated Press | News | Comments

PHOENIX (AP) — The headquarters for a national business journalism professional association is moving from the University of Missouri School of Journalism to Arizona State University.The Society of American Business Editors and Writers, known as SABEW, will make the move to ASU's Walter Cronkite...

Meltdown 101: What is the Conference Board?

April 28, 2009 6:56 pm | by ANNE D'INNOCENZIO - AP Retail Writers - Associated Press | News | Comments

NEW YORK (AP) — The closely watched Consumer Confidence Index soared in April to the highest level seen since November, according to the Conference Board, which puts out this measure of public sentiment each month.Just what is this Conference Board, and who gets to be a member? Why does their...

Product Recalls: nail polish remover

April 28, 2009 6:56 pm | by The Associated Press | News | Comments

The following recall has been announced:— Personal Care Products is recalling non-acetone nail polish remover because it could cause chemical burns to the fingers of users. Personal Care has received two complaints of burns to the fingers. The product was sold nationwide in small discount retail...

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GM plans to sell Saturn this year, 2 years early

April 28, 2009 6:56 pm | by TOM KRISHER - AP Auto Writer - Associated Press | News | Comments

DETROIT (AP) — General Motors Corp.'s Saturn brand will either be sold or phased out by the end of this year, nearly two years faster than previously announced, the brand's top executive said Tuesday.Saturn General Manager Jill Lajdziak said the brand, once billed as a different kind of car...

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...

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...

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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...

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...

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