The Leading Source for Design Engineering News & Insight
Guns of Outlaws Bonnie and Clyde to be Auctioned
July 13, 2012 5:43 am | by BRIDGET MURPHY, Associated Press | News | CommentsShe kept a Colt .38-caliber revolver close, while he preferred a .45-caliber pistol from the same maker.
Photo of the Day: Rotor Rooter
July 13, 2012 5:23 am | by U.S. Air Force | News | CommentsStaff Sgt. Casey Spang inspects one of the tilt-rotors on a CV-22 Osprey prior to takeoff on the flightline at Cannon Air Force Base, NM.
2 MD State Senators Urge Big Fines for Pepco, BGE
July 13, 2012 4:50 am | by BRIAN WITTE - Associated Press - Associated Press | News | CommentsTwo Maryland state senators urged state regulators on Thursday to fine Pepco and Baltimore Gas and Electric more than $100 million each for the long power outages residents suffered during and after a powerful summer storm that swept across the state in late June.Sen. Brian Frosh, D-Montgomery,...
Vivus: Consensus Calls For FDA Approval, But Watch For Label Restrictions
July 13, 2012 3:50 am | by The Associated Press | News | CommentsThe Prescription Drug User Fee Act (PDUFA) or FDA 'Action' date for Vivus' (NASDAQ:VVUS) obesity drug, Qnexa, is July 17th - an event that's been widely anticipated by Wall Street and Main Street alike. While the consensus among analysts is that the drug will be approved next week, Vivus shares are...
No Explosives Found on NY Plane Returned to Gate
July 12, 2012 9:50 pm | by The Associated Press | News | CommentsA jetliner bound for Madrid was returned to Kennedy International Airport as a precaution Thursday evening after a passenger reported strange wiring in the bathroom, but no explosive device was found, law enforcement officials said.Delta Flight 126 left the gate at about 8 p.m. and returned...
US insurer won't cover gas drill fracking exposure
July 12, 2012 4:50 pm | by MARY ESCH - Associated Press - Associated Press | News | CommentsNationwide Mutual Insurance Co. has become the first major insurance company to say it won't cover damage related to a gas drilling process that blasts chemical-laden water deep into the ground.The Columbus, Ohio-based company's personal and commercial policies "were not designed to cover" risk...
Peugeot Shuts Down Paris Plant, Cuts 8,000 Jobs; Bumps in Road for Peugeot; Fears of Spreading Slump; Peugeot Stocks Slip; European Markets
July 12, 2012 4:50 pm | by The Associated Press | News | Commentsxfdci QUEST-MEANS-BUSINESS-01
Lexmark warns of 2Q letdown, stock plummets
July 12, 2012 4:50 pm | by The Associated Press | News | CommentsPrinter maker Lexmark International Inc. fared worse during the second quarter than management anticipated, providing the latest evidence of a weakening economy.The warning, issued late Thursday, is the latest sign of trouble in the technology industry, which had been one of the economy's...
US Airways becomes AMR creditor
July 12, 2012 3:50 pm | by The Associated Press | News | CommentsUS Airways says it is now a creditor of American Airlines parent AMR Corp., the company it's trying to force into a merger.US Airways said in a filing Thursday in U.S. bankruptcy court that it supports AMR's request for more time to draft a reorganization plan.But US Airways says it could...
NC regulators to hear from dumped Duke Energy CEO
July 12, 2012 2:50 pm | by EMERY P. DALESIO - AP Business Writer - Associated Press | News | CommentsNorth Carolina utilities regulators investigating whether they were misled before the merger creating the country's largest electric company have called the sacked CEO of Duke Energy to testify.The North Carolina Utilities Commission on Thursday ordered two more days of hearings. Former...
Money market fund assets rise to $2.551 trillion
July 12, 2012 2:50 pm | by The Associated Press | News | CommentsTotal U.S. money market mutual fund assets rose $18.56 billion to $2.551 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.Assets of the nation's retail money market mutual funds fell $1.56 billion to $886.34 billion, the Washington-based mutual fund...
Senator Questions Findings in Toyota Investigation
July 12, 2012 1:50 pm | by TOM KRISHER - AP Auto Writer - Associated Press | News | CommentsA U.S. senator is questioning whether the government's investigation of Toyota's problems with unintended acceleration was thorough enough.Sen. Charles Grassley of Iowa sent a letter to the National Highway Traffic Safety Administration on Thursday. It questions whether a probe that cleared Toyota...
Acme Packet plans $200M stock repurchase
July 12, 2012 12:50 pm | by The Associated Press | News | CommentsPhone and data network equipment maker Acme Packet Inc. said Thursday it will buy back up to $200 million in stock over the next 12 months.The share repurchase program goes into effect July. Acme Packet said it had 68.3 million shares on the market as of March 31.On Thursday the stock gained 24...
Airline shares fall on cautious Goldman Sachs view
July 12, 2012 12:50 pm | by The Associated Press | News | CommentsAirline stocks fell Thursday after Goldman Sachs said they are due for a correction in the second half of this year.Goldman Sachs initiated coverage of the industry with what it called a "cautious" view. Analyst Tom Kim wrote that airlines have performed better than the Standard & Poor's 500...
Equity Briefing: Stock Analysts' Upgrades for July 12th: AKZOY, AMCX, CSIQ, CVX, DIS, HT, MRK, OKE, SPWR, SVU, TSO
July 12, 2012 11:50 am | by The Associated Press | News | CommentsA number of stocks were upgraded by equities research analysts today, as reported by Analyst Ratings Network:Akzo Nobel (NASDAQ: AKZOY) was upgraded by analysts at HSBC from a "neutral" rating to an "overweight" rating.AMC Networks (NASDAQ: AMCX) was upgraded by analysts at Barclays Capital from an...
