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China's July auto sales up 6.7 percent

August 10, 2011 2:50 am | by The Associated Press | News | Comments

China's auto sales rose 6.7 percent in July but growth was well below the double-digit surge of the past two years, an industry group said Wednesday.Some 1.01 million passenger cars were bought in July in the world's biggest auto market by vehicles sold, according to the government-authorized...

Pay TV industry loses record number of subscribers

August 10, 2011 1:50 am | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

The weak economy is hitting Americans where they spend a lot of their free time: at the TV set.They're canceling cable and satellite TV subscriptions in record numbers, according to an analysis by The Associated Press of the companies' quarterly earnings reports.The U.S. subscription-TV...

Venture capitalists eye Indonesian tech frenzy

August 10, 2011 1:50 am | by ROBIN McDOWELL - Associated Press - Associated Press | News | Comments

Venture capitalists from Silicon Valley to New York all have the same question about Indonesia's come-from-nowhere tech frenzy: Are the young entrepreneurs that have piqued their interest, smart bets or just surfing a hype that will soon burn out.A few years ago, Internet connections were so...

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Australia lifts Tiger Airways 5-week suspension

August 9, 2011 11:50 pm | by The Associated Press | News | Comments

Tiger Airways will resume domestic flights in Australia on Friday after aviation authorities lifted a five-week suspension and imposed new safety conditions, the airline said Wednesday.Civil Aviation Safety Authority grounded Australia's fourth-largest domestic airline on July 6 after Tiger...

Singapore Airlines Orders 8 Boeing Planes

August 9, 2011 5:50 pm | by The Associated Press | News | Comments

Singapore Airlines Ltd. says it has ordered eight Boeing jets for $2.3 billion to help bolster expansion plans.The carrier said in a statement Wednesday that the eight Boeing 777-300ERs are scheduled to be delivered in its 2013-2014 financial year and will be operated on medium- and long-haul...

Emanuel: Chase to create 400 jobs in Chicago

August 9, 2011 2:50 pm | by DEANNA BELLANDI - Associated Press - Associated Press | News | Comments

JP Morgan Chase & Co. plans to add four new branches and create 400 new jobs in Chicago by the end of next year, the financial giant announced Tuesday.Chase Midwest Chairman Glenn Tilton said the expansion was part of the bank's growing retail operation."This is a significant investment in the...

NC Panel: Duke Can Spend $120M on SC Nuke Plant

August 9, 2011 2:50 pm | by The Associated Press | News | Comments

Duke Energy can spend up to $120 million to maintain a possible new $11 billion nuclear power plant in South Carolina, the North Carolina Utilities Commission has ruled.In a decision released last week, the commission said the Charlotte-based utility could spend the money to maintain the site...

Apple briefly passes Exxon as most valuable US co.

August 9, 2011 1:50 pm | by BARBARA ORTUTAY - AP Technology Writer - Associated Press | News | Comments

Apple briefly surpassed Exxon Mobil on Tuesday as the nation's most valuable company.The iPhone and iPad maker had the lead for much of the afternoon before its stock closed just behind Exxon's. The two companies are so close that Apple is likely to keep the top spot soon.Apple Inc.'s stock...

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SkyWest traffic grows on acquisition

August 9, 2011 1:50 pm | by The Associated Press | News | Comments

SkyWest Inc., which operates regional flights for bigger airlines, said Tuesday that passenger traffic jumped 57.5 percent after the acquisition of ExpressJet Airlines.Paying passengers flew 2.82 billion miles last month, up from 1.79 billion miles in July 2010.With the addition of ExpressJet,...

NRC Staff: New Westinghouse Reactor Design is Safe

August 9, 2011 1:50 pm | by RAY HENRY - Associated Press - Associated Press | News | Comments

Staff at the U.S. Nuclear Regulatory Commission has decided the design of a Westinghouse Electric Co. nuclear reactor meets federal safety requirements just months after the NRC's chairman scolded the company after regulators identified last-minute errors.The NRC plans to publicly release a...

GM uncertain that US auto sales will hit forecast

August 9, 2011 1:50 pm | by TOM KRISHER - AP Auto Writer - Associated Press | News | Comments

The top executive at General Motors Co. is having doubts about whether U.S. auto sales will recover this year as expected, even as the stock market rebounded a bit Tuesday from its huge losses.Speaking to industry analysts about GM's long-term financial plans Tuesday, GM Chairman and CEO Dan...

Boeing, GOL Celebrate Two Milestones With 737 Delivery

August 9, 2011 1:41 pm | by Boeing | News | Comments

GOL takes delivery of Boeing's 100th 737 outfitted with the Boeing Sky Interior Becomes the first airline in Latin America to receive performance improvement engines These images are available for editorial use by news media.

QBC’s New Plastic 4-Bolt Flange Mounting Blocks with Insert Ball Bearings

August 9, 2011 12:58 pm | by QBC | Quality Bearings & Components | Product Releases | Comments

Quality Bearings & Components (QBC) announces a new line of standard duty four-bolt flange mounting blocks that have a polyester housing, removable acetal bearing insert, with 316 stainless steel balls.

Navy submarine maker Electric Boat cuts Conn. jobs

August 9, 2011 12:50 pm | by The Associated Press | News | Comments

The U.S. Navy's primary contractor for submarines says it will lay off 65 workers in October.Spokesman Robert Hamilton said Tuesday the Groton (GRAH'-tun), Conn.-based Electric Boat company regularly reviews its workforce requirements. He says it informed workers Monday.It's the second layoff...

Biogen, Abbott say MS drug met trial goal

August 9, 2011 12:50 pm | by The Associated Press | News | Comments

Biogen Idec Inc. and Abbott Laboratories said Tuesday that multiple sclerosis drug candidate daclizumab worked better than a placebo at preventing a relapse of symptoms during a mid-stage clinical trial.The study involved 600 patients who received a low dose of daclizumab, a larger dose, or a...

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