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Lee Enterprises buys more time with refinancing

April 11, 2011 4:50 pm | by MICHAEL LIEDTKE - AP Business Writer - Associated Press | News | Comments

Lee Enterprises Inc., the publisher of the St. Louis Post-Dispatch and more than 40 other daily newspapers, plans to refinance about $1 billion in debt to give it more time to recover from a crippling slump.Under the strategy outlined Monday, Lee hopes to raise $1.05 billion from the sale of notes...

Google Invests $168M in Solar Energy Project

April 11, 2011 4:50 pm | by The Associated Press | News | Comments

Google is investing $168 million in an alternative power project that aims to produce enough solar energy to light 140,000 homes.The commitment announced Monday is part of the financing that BrightSource Energy needs to build a solar power plant in California's Mojave Desert. BrightSource also...

Extreme Networks warns 3Q revenue may miss view

April 11, 2011 4:50 pm | by The Associated Press | News | Comments

Shares of Extreme Networks Inc. fell 10 percent in Monday's extended trading, after the company said revenue for its third quarter will likely fall short of expectations.The network equipment provider said the timing of several "large and relatively complex customer transactions" led to the...

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Skilled Healthcare Group board eyes potential sale

April 11, 2011 4:50 pm | by The Associated Press | News | Comments

Skilled Healthcare Group Inc. said Monday its board of directors is exploring strategic alternatives, including the potential sale of the company or some of its real estate assets.The nursing home operator said it has engaged J.P. Morgan Securities LLC to assist in the process.The board has not...

Ford Says Asian Operations May Face Part Shortages

April 11, 2011 3:50 pm | by The Associated Press | News | Comments

Ford Motor Co. says that its Asia-Pacific operations may have to slow or stop production later this month because of parts shortages from Japan.Ford has had to temporarily halt operations in the U.S. and Europe because of shortages, but this was the first word of possible production cuts in...

Genesis Energy to expand Texas crude oil system

April 11, 2011 3:50 pm | by The Associated Press | News | Comments

Genesis Energy LP said Monday it will expand its crude-oil handling capabilities on the Texas coast and build a new gas-processing facility in Oklahoma.Genesis said it acquired three above-ground storage tanks in Texas City, Texas, and will convert them to take 230,000 barrels of crude oil. It...

GE Capital telecom unit does $591 million in deals

April 11, 2011 2:50 pm | by The Associated Press | News | Comments

GE Capital's telecom, media and technology financing business said on Monday that it completed $591 million in financing for five transactions in the first quarter.GE Capital, which is a unit of General Electric Co., said the quarter was active for companies in its sector. It expects more...

Intel Moves into Tablet Computer Market

April 11, 2011 2:50 pm | by JORDAN ROBERTSON - AP Technology Writer - Associated Press | News | Comments

Intel Corp. has launched a new chip for tablet computers, as the world's most powerful semiconductor company aims to elbow its way into the market for mobile chips.Intel's chips are in 80 percent of laptops and desktop PCs, but it's had less success getting its chips into smaller devices such...

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Intel launches chip for tablet computers

April 11, 2011 2:50 pm | by JORDAN ROBERTSON - AP Technology Writer - Associated Press | News | Comments

Intel Corp. has launched a new chip for tablet computers, as the world's most powerful semiconductor company aims to become a contender in the market for mobile chips.Intel's chips are in 80 percent of laptops and desktop PCs, but it's had less success getting its chips into smaller devices...

Conn. company: New sub being built at record pace

April 11, 2011 1:50 pm | by MICHAEL MELIA - Associated Press - Associated Press | News | Comments

A contractor tasked with boosting the U.S. Navy's fleet of nuclear-powered submarines said Monday that it is on track to deliver a Virginia-class ship in record time.Construction of the hull, radar and hatches of the Mississippi is far ahead of record schedule, according to Electric Boat, a...

Durect pain patch fails in midstage study

April 11, 2011 1:50 pm | by The Associated Press | News | Comments

Durect Corp. said Monday its pain patch failed in a midstage clinical trial focusing on chronic lower back pain, sending shares plummeting in after-hours trading.The stock fell 85 cents, or 24.3 percent, to $2.65 in after-hours trading after gaining 5 cents to close at $3.50 during the regular...

Cardinal Health director Mongan resigns

April 11, 2011 1:50 pm | by The Associated Press | News | Comments

Health care services company Cardinal Health Inc. said Monday that Dr. James J. Mongan is resigning from the company's board of directors because of health-related considerations, according to a filing with the Securities and Exchange Commission.Mongan was named to the board of directors in...

Bunge, Seacor unit to build Midwest grain terminal

April 11, 2011 1:50 pm | by The Associated Press | News | Comments

Bunge Ltd. said Monday that its North American affiliate formed a joint venture with a Seacor Holdings Inc. unit to build a grain terminal in Illinois.The venture is called Bunge-SCF Grain LLC and will build a facility along the Mississippi River in Fairmont City, Ill. The companies said the...

RailAmerica buys 3 Alabama short-lines for $12.7M

April 11, 2011 1:50 pm | by The Associated Press | News | Comments

RailAmerica Inc. said on Monday that it will buy the assets of three short-line railroads in Alabama for a combined $12.7 million.The deals are expected to close in the second quarter.RailAmerica is buying the Three Notch Railroad, with 35 miles of track between Georgiana and Andalusia; the...

Microsoft Attacks Google Over Security

April 11, 2011 1:50 pm | by JORDAN ROBERTSON - AP Technology Writer - Associated Press | News | Comments

Microsoft Corp. found a new way to lash out at the world's Google Inc. on Monday, extending the hostilities between two of the most prominent corporations in the technology industry.Microsoft claimed Google has been misleading customers about the security certification of its suite of software...

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