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Freddie Mac executive faced pressure post-takeover

April 23, 2009 7:56 am | by The Associated Press | News | Comments

McLEAN, Va. (AP) — By last fall, the heady days for mortgage giant Freddie Mac were over, and what was left for executives like David Kellermann were stressful days and long nights of picking up the pieces under the sharp scrutiny of regulators.After taking the role of acting chief financial...

German parliament to probe HRE rescue

April 23, 2009 7:36 am | by The Associated Press | News | Comments

BERLIN (AP) — Germany's lower house of Parliament on Thursday established a committee to investigate whether the government bungled attempts to shore up troubled lender Hypo Real Estate before moving to nationalize it.The opposition Free Democrats, Greens and Left party members banded together to...

Best Job Ever: Facebook Engineer

April 23, 2009 7:29 am | Videos | Comments

Bobby Johnson, Director of Engineering at Facebook explains why he his job coding for the networking site.  

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Facebook users' vote ending way short of threshold

April 23, 2009 7:11 am | by BARBARA ORTUTAY - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — Facebook invited the 200 million people who regularly use the site to vote on its governing documents. But it's unclear how much of a difference it will make.Facebook launched the vote after concerns erupted about who controls users' personal information. The site gave its members...

Confidence During Crisis

April 23, 2009 7:10 am | Videos | Comments

At Hanover Fair 2009, PhoenixContact demonstrates their latest products: connectors, firewall routers and thermal magnetic circuit breakers.  

NYPD computers targeted by international hackers

April 23, 2009 7:05 am | by The Associated Press | News | Comments

NEW YORK (AP) — New York Police Commissioner Raymond Kelly says international hackers try at least 70,000 times a day to gain unauthorized entry into the computer system of the nation's largest police force.But he said Wednesday all the attempts have failed because of a strong protection system...

Bionic Technology

April 23, 2009 7:00 am | Videos | Comments

  Festo showcases the Air and Aqua Penguins, Bionic Tripod, Interactive Wall, and other technology innovations they created through the Festo Bionic Learning Network.

Carrols shares rise on 1Q preliminary results

April 23, 2009 6:45 am | by The Associated Press | News | Comments

NEW YORK (AP) — Shares of Burger King restaurant franchiser Carrols Restaurant Group Inc. jumped Thursday after it reported better-than-expected preliminary results for its first quarter.The shares rose $1.36, or 33.4 percent, to $5.43 in morning trading.After the market closed Wednesday, the...

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IGT climbs even as 2Q profit slides 44 percent

April 23, 2009 6:45 am | by The Associated Press | News | Comments

NEW YORK (AP) — Shares of International Game Technology climbed Thursday even after the slot machine maker said its second-quarter profit tumbled 44 percent as it restructured to cope with declining sales.The stock may be getting a lift from the overall market, as several other companies' earnings...

JetBlue to launch Boston-to-Baltimore flights

April 23, 2009 6:40 am | by The Associated Press | News | Comments

NEW YORK (AP) — JetBlue Airways Corp. said Thursday it will launch four daily nonstop flights from Boston to Baltimore in June, following a similar move earlier this month by rival Southwest Airlines Co.The Forest Hills, N.Y.-based carrier said Thursday it will begin four daily flights to...

Jobs, housing data undermine recovery hopes

April 23, 2009 6:24 am | by CHRISTOPHER S. RUGABER - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — Worse-than-expected news on unemployment and home sales Thursday dampened optimism that a broad economic recovery might be near.Many analysts don't expect the housing slide to show signs of stabilizing until the second half of this year. They said layoffs may be at their high...

Marriott provides tentative earnings forecast

April 23, 2009 6:24 am | by The Associated Press | News | Comments

BETHESDA, Md. (AP) — Marriott International Inc. offered a tentative outlook Thursday for its second-quarter results but cautioned that its finances are difficult to predict.Marriott expects adjusted earnings from continuing operations to range from 20 cents to 23 cents per share in the second...

March existing home sales fall by 3 percent

April 23, 2009 6:04 am | by ALAN ZIBEL - AP Real Estate Writer - Associated Press | News | Comments

WASHINGTON (AP) — First-time homebuyers looking for bargains snapped up about half of all homes sold last month, but the spring selling season is getting off to a lackluster start with sales falling more than expected from February levels.Home sales fell 3 percent to an annual rate of 4.57 million...

Royal predicts better 2009 profit than expected

April 23, 2009 5:59 am | by The Associated Press | News | Comments

MIAMI (AP) — Royal Caribbean Cruises Ltd. offered a brighter forecast than expected for its 2009 earnings on Thursday, saying its bookings are stabilizing and cost-cutting efforts are taking hold.The company expects to earn roughly $1.35 per share for the year. Analysts polled by Thomson Reuters...

Reliance Industries quarterly profit falls 9.4 pct

April 23, 2009 5:49 am | by ERIKA KINETZ - AP Business Writer - Associated Press | News | Comments

MUMBAI, India (AP) — Indian oil, gas and petrochemicals giant Reliance Industries Ltd. said Thursday that quarterly profits fell 9.4 percent and sales fell 24.9 percent, as waning demand pushed global crude prices lower.Net profit in the three months ending March 31 was 35.46 billion rupees ($730...

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