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Sands declines comment on report about Macau sale

April 27, 2009 1:13 pm | by The Associated Press | News | Comments

LAS VEGAS (AP) — Casino company Las Vegas Sands Corp. declined to comment Monday on a Hong Kong newspaper's report that Sands might sell the first foreign-owned casino in the Chinese island of Macau under a leaseback arrangement worth $1.3 billion.Spokesman Ron Reese in Las Vegas said the company...

Meltdown 101: GM's debt-for-stock swap plan

April 27, 2009 1:13 pm | by STEPHEN BERNARD - AP Business Writer - Associated Press | News | Comments

General Motors Corp. on Monday unveiled a plan to swap its debt for common stock — a move that could potentially help the storied U.S. automaker stave off a bankruptcy filing by significantly alleviating its debt burden.GM currently has about $27 billion in unsecured debt. If the company wants to...

New Algorithm

April 27, 2009 1:03 pm | Rkc Instrument | Product Releases | Comments

RKC Instrument (South Bend, IN) announces the release of the RB high performance temperature control series condensed into a slim 60mm depth case.

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Shares of BofA, Citi drop on stress test concerns

April 27, 2009 1:03 pm | by DANIEL WAGNER - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — Citigroup Inc. and Bank of America Corp. will need to raise more capital if they can't convince regulators that "stress test" results were mistaken, according to two people familiar with the matter.The banks are hard at work preparing their appeals, said the people, who spoke on...

UL 810A Recognition

April 27, 2009 12:53 pm | Tecate Industries | Product Releases | Comments

Tecate Industries (San Diego, CA) announces UL 810A Recognition for specific series of cells and modules in their PowerBurst family of ultracapacitors. 

5 charged in 'nightmare' $70M mortgage scheme

April 27, 2009 12:42 pm | by BRIAN WITTE - Associated Press Writer - Associated Press | News | Comments

BALTIMORE (AP) — More than 1,000 people were defrauded out of about $70 million by a group advertising the dream of homeownership in what turned out to be a nightmare Ponzi scheme, federal and Maryland officials said Monday.Five officers for Laurel, Md.-based Metro Dream Homes company are accused...

Expanded Motion Control Line

April 27, 2009 12:37 pm | Automationdirect | Product Releases | Comments

AutomationDirect (Cumming, GA) expands their line of SureStep motion control products.

AP sources: Joost seeks cable TV operator as buyer

April 27, 2009 12:37 pm | by The Associated Press | News | Comments

PHILADELPHIA (AP) — Online video site Joost is shopping itself around to different cable TV operators, but at least one has declined to buy it, according to people with knowledge of the talks.Time Warner Cable Inc., the nation's No. 2 cable operator that recently separated from parent Time Warner...

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US and Cuban diplomats to hold another meeting

April 27, 2009 12:37 pm | by ROBERT BURNS - AP National Security Writer - Associated Press | News | Comments

WASHINGTON (AP) — A senior U.S. diplomat met Monday with Cuba's top Washington representative, but a State Department spokesman cautioned that the session did not signal a renewed U.S. push to improve relations.Spokesman Robert A. Wood said Thomas A. Shannon Jr., the assistant secretary of state...

Staples CEO's compensation falls in 2008

April 27, 2009 12:32 pm | by ASHLEY M. HEHER - AP Retail Writer - Associated Press | News | Comments

CHICAGO (AP) — As office supply retailer Staples Inc.'s profit fell in 2008, CEO Ronald L. Sargent's compensation fell 58 percent to $12.6 million, less than half of what he received the year before, according to Associated Press calculations based on a regulatory filing on Monday.Sargent's salary...

Hanesbrands reports 1st-quarter loss

April 27, 2009 12:22 pm | by The Associated Press | News | Comments

NEW YORK (AP) — As consumers kept spending low — and Hanesbrands Inc. continued its restructuring — the apparel maker said Monday it lost $19.3 million in the first quarter. But it said its sales declines could moderate now as retailers resume more robust ordering.With brands including Hanes,...

NY AG sues home warranty company for fraud

April 27, 2009 12:07 pm | by The Associated Press | News | Comments

ALBANY, N.Y. (AP) — The New York attorney general says a New York City-based home warranty company cheated customers in at least 32 states out of hundreds of thousands of dollars.Attorney General Andrew Cuomo said Monday he has obtained a temporary restraining order against National Home Protection...

Starbucks shuts 10 Mexico City cafes due to flu

April 27, 2009 12:01 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Starbucks Corp. said Monday it has shut down 10 of its cafes in Mexico City in response to the swine flu outbreak. One of its employees in the city is also now being treated for flu symptoms.The Seattle-based premium coffee chain said it has not been confirmed whether the employee...

Gold prices dip as dollar jumps on swine flu scare

April 27, 2009 11:46 am | by SARA LEPRO - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Gold prices retreated Monday as the dollar showed strength against other major currencies.Other commodities, like oil and grain prices, faltered amid fears that a swine flu outbreak could threaten an economic recovery.A never-before-seen flu strain has now killed about 150 people in...

Boeing CEO calls slump 'once-in-a-lifetime' event

April 27, 2009 11:31 am | by DAVE CARPENTER - AP Business Writer - Associated Press | News | Comments

CHICAGO (AP) — Boeing Co. Chairman and Chief Executive Jim McNerney assured shareholders Monday that the company is in strong shape to ride out the "once-in-a-lifetime" downturn that has walloped its profits, jetliner orders and stock price.Putting an upbeat spin on a slump that has hit both the...

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