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Moody's assigns B1 rating to Regency notes offer

May 23, 2011 1:50 pm | by The Associated Press | News | Comments

Moody's Investors Service said Monday that it has assigned a B1 rating to the $500 million of senior notes Regency Energy Partners LP plans to offer.The New York ratings agency said the outlook remains positive for the Dallas natural gas producer.Moody's said it expects Regency's earnings and...

Copper falls on news of slower China manufacturing

May 23, 2011 12:50 pm | by The Associated Press | News | Comments

Copper prices are lower after a survey showed China's manufacturing sector slowed in May. It's an indication that the pace of growth may be easing in the world's-second largest economy.Copper also is being pressured by a decline in Chinese imports and a stronger dollar. It settled down 3.2 percent...

Cisco sued for helping China build Golden Shield

May 23, 2011 12:50 pm | by JOELLE TESSLER - AP Technology Writer - Associated Press | News | Comments

Members of the Falun Gong spiritual movement have filed a lawsuit against Cisco Systems Inc. accusing it of supplying the Chinese government with computer-networking equipment used to spy on and persecute dissidents.In a lawsuit filed last week, a group of Falun Gong practitioners alleges that...

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L-3 wins $300M in contracts from US military

May 23, 2011 12:50 pm | by The Associated Press | News | Comments

L-3 Communications Holdings Inc. said Monday it received $300 million in five-year contracts from the Navy and Air Force to provide contractor logistics support for C-12 aircraft.The initial contract is worth $32.9 million. L-3's systems field support division will provide the services.Shares...

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KKR appoints Marius Haas as industry advisor

May 23, 2011 12:50 pm | by The Associated Press | News | Comments

Kohlberg Kravis Roberts & Co. L.P. said it has appointed Marius Haas as an industry adviser.Haas comes to KKR from Hewlett-Packard Co., where he was senior vice president and worldwide general manager of the company's Networking Division.In his new role, Haas will identify new investments,...

Mylan launches generic version of seizure drug

May 23, 2011 12:50 pm | by The Associated Press | News | Comments

Mylan Inc. said Monday it started selling a generic version of Abbott Laboratories' anti-seizure treatment Depakote Sprinkles capsules.The Canonsburg, Pa., generic drugmaker said it is selling 125-milligram capsules of divalproex sodium, the drug's generic name.Mylan said U.S. sales for...

Omnetics' Wire to PCB Quick Latch Connector System

May 23, 2011 12:10 pm | by Omnetics Connector | Product Releases | Comments

Omnetics Connector Corp offers a sleek low profile connector solution for transitioning wires from an I/O connector to the PCB.

Holt Integrated Circuits Announces ARINC 429 Data Management IC

May 23, 2011 11:54 am | by Holt Integrated Circuits | Product Releases | Comments

Holt Integrated Circuits had announced a new and innovative product, the HI-3200, a data management IC for ARINC 429, and ARINC 825 (CAN) bus traffic.

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Siemens Energy announces wind jobs in NW Okla.

May 23, 2011 11:50 am | by The Associated Press | News | Comments

Siemens Energy announced Monday plans to start construction on a new wind service warehousing operation in Woodward, Okla. that the company says will eventually lead to 40 new jobs during the next five years.The Germany-based company said it will build two new facilities in the northwest...

GlobTek’s Potted Power Supply Meets IP68 Ingress Protection

May 23, 2011 11:44 am | by GlobTek | Globtek, Inc. | Product Releases | Comments

GlobTek’s announces its GT-91120 series of in-line power supplies.

Boeing Statement on Supreme Court Decision in A-12 Case

May 23, 2011 11:40 am | by Boeing | News | Comments

CHICAGO, May 23, 2011 -- J. Michael Luttig, Boeing Executive Vice President and General Counsel, issued the following statement today after the Supreme Court released its opinion ruling in favor of Boeing and General Dynamics in the long-pending

LB Foster CEO Hasselbusch to retire at year's end

May 23, 2011 10:50 am | by The Associated Press | News | Comments

The president and CEO of L.B. Foster Co. will retire at the end of the year, the rail and construction company said Monday.The Pittsburgh company has hired the personnel firm Crist/Kolder Associates to lead the search Stan Hasselbusch's successor. He will remain with the company through the...

Johnson & Johnson acquiring Russian OTC products

May 23, 2011 10:50 am | by The Associated Press | News | Comments

Johnson & Johnson said Monday that its Cilag GmbH unit will expand its business in Russia by buying the over-the-counter brands of J B Chemicals & Pharmaceuticals Ltd. for $260 million in cash.J B Chemicals sells Rinza, the leading multi-symptom cough and cold brand in the country, along with...

Patriot fined for W.Va. mine roof collapse

May 23, 2011 10:50 am | by TIM HUBER - AP Business Writer - Associated Press | News | Comments

An administrative law judge has upheld a citation against a Patriot Coal Corp. subsidiary for waiting four days to report a roof collapse, the federal Mine Safety and Health Administration said Monday.Patriot's Pine Ridge Coal Co. reported the collapse at its Big Mountain No. 16 mine only after...

GE Capital to add 1,000 jobs in Chicago

May 23, 2011 10:50 am | by DON BABWIN - Associated Press - Associated Press | News | Comments

GE Capital plans to nearly double the number of its employees in Chicago to more than 2,000, in part because of Mayor Rahm Emanuel's economic plans for the city, the company announced Monday.Officials with the financial services arm of General Electric joined Emanuel at a news conference,...

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