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Medtronic keeps pay unchanged for outgoing CEO

July 15, 2011 1:50 pm | by MATTHEW PERRONE - AP Health Writer - Associated Press | News | Comments

Medtronic Inc. paid its former Chief Executive William Hawkins just under $9 million in total compensation during his last full year leading the company, which has since hired a General Electric executive to try and revive its lackluster business.Hawkins, 57, retired as CEO in June after less...

Electronic Arts prices senior note offering

July 15, 2011 12:50 pm | by The Associated Press | News | Comments

Electronic Arts Inc. said Friday that it has priced an offering of $550 million of 0.75 percent convertible senior notes due in 2016.The video game publisher has also granted the buyers an option to buy another $82.5 million of the notes to cover overallotments.The notes will be convertible...

S & P backs BBB rating for Joy Global

July 15, 2011 12:50 pm | by The Associated Press | News | Comments

Standard & Poor's Ratings Services on Friday affirmed its BBB corporate credit and senior unsecured issue-level ratings on mining equipment maker Joy Global Inc.The outlook is stable.S&P said the decision to back Joy Global's investment grade ratings reflects its expectation that the...

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AP Source: GM to announce Flint factory investment

July 15, 2011 12:50 pm | by TOM KRISHER - AP Auto Writer - Associated Press | News | Comments

A person briefed on the matter says General Motors will invest millions in its Flint, Mich., assembly plant so it can make the next generation of full-size pickup trucks.GM has scheduled a news conference at the Flint Assembly Plant on Monday morning to make the announcement. The company said...

Chevron to pay $900K fine levied by Maine DEP

July 15, 2011 12:50 pm | by The Associated Press | News | Comments

Chevron Corp. will pay a $900,000 fine to the state of Maine to settle claims that an estimated 140,000 gallons of oil leaked from an oil tank farm it owned into the Penobscot River decades ago, officials said Friday.The penalty is the largest fine imposed by state regulators in 20 years, but...

Boeing Business Jets Marks Anniversary With Delivery to Deer Jet Airlines

July 15, 2011 12:40 pm | by Boeing | News | Comments

These images are available for editorial use by news media.

Merced to pay $1.5M in subdivision contamination

July 15, 2011 11:50 am | by The Associated Press | News | Comments

The Central California city of Merced has agreed to pay a $1.5 million settlement after a federal jury found that thousands of residents of a subdivision were potentially exposed to a cancer-causing chemical.In March, the jury found that hexavalent chromium had leaked from a manufacturing plant...

Belgian newspapers: Google blocking us on searches

July 15, 2011 11:50 am | by The Associated Press | News | Comments

Google blocked several Belgian newspapers from its search listings Friday in what the papers alleged was retaliation by the internet giant over a court case dealing with copyright infringement.Google said an order issued in the case had prevented it from allowing the newspapers' web sites to...

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Company defends plan for Pa. natural gas pipeline

July 15, 2011 11:50 am | by The Associated Press | News | Comments

A pipeline company is defending its plan for a 39-mile natural gas line in northern Pennsylvania's Endless Mountains region.Inergy LP of Kansas City, Mo., says the proposed MARC 1 pipeline is a response to increasing demand from the natural gas industry.The president of Inergy's mistream...

Universal Electronics sues Logitech in patent case

July 15, 2011 11:50 am | by The Associated Press | News | Comments

Universal Electronics filed suit against Logitech International S.A., saying Friday that the company has infringed on patents covering remote-control technology.Universal said Logitech continued selling products with technology covered by 17 Universal patents without payment even after a...

Growth-minded Peabody sees higher 2Q earnings

July 15, 2011 11:50 am | by JIM SUHR - AP Business Writer - Associated Press | News | Comments

Peabody Energy Corp., the world's biggest private-sector coal company, reports second-quarter results before the stock market opens Tuesday, hoping to impress Wall Street with its recent spate of moves meant to cash in on red-hot demand for coal in Asia.WHAT TO WATCH FOR: Analysts may be eager...

Pall Corp. acquires Brazilian partner Engefiltro

July 15, 2011 10:50 am | by The Associated Press | News | Comments

Water filtration equipment manufacturer Pall Corp. said Friday that it has signed an agreement to acquire its long-time Brazilian distribution partner, Engefiltro.The acquisition will strengthen Pall's capabilities to support customers in the fast-growing Latin American market. The transaction...

US oil and natural gas rig count up by 18

July 15, 2011 10:50 am | by The Associated Press | News | Comments

The number of rigs actively exploring for oil and natural gas in the U.S. rose by 18 this week to 1,905.Houston-based drilling product provider Baker Hughes Inc. reported Friday that 1,013 rigs were exploring for oil and 885 for natural gas. Seven were listed as miscellaneous. A year ago, the...

Cooper Industries acquiring Gitiesse

July 15, 2011 10:50 am | by The Associated Press | News | Comments

Electrical products manufacturer Cooper Industries PLC said Friday that it is acquiring Gitiesse SRL, a privately owned Italian company that manufactures marine and oil and gas communications systems.The terms of the deal were not disclosed. Gitiesse will become part of the Cooper Safety...

Spectrum Brands prices offering at $28 a share

July 15, 2011 10:50 am | by The Associated Press | News | Comments

Spectrum Brands Holdings Inc., a consumer products maker, has priced its public offering of its stock.The company is offering 1 million shares of its common stock and nearly 5.5 million shares of its stock held by Harbinger Capital Partners Master Fund I Ltd. at $28 per share.The company plans...

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