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Tucson Citizen to cease print publication

May 15, 2009 9:25 am | by ARTHUR H. ROTSTEIN - Associated Press Writer - Associated Press | News | Comments

TUCSON, Ariz. (AP) — Arizona's oldest continuously published daily newspaper, the 138-year-old Tucson Citizen, will publish its final print edition Saturday after its owner failed to find a buyer.The closure makes Tucson the latest two-newspaper town to lose one of its dailies. The Citizen...

SEC accuses Wellco Energy, 4 employees of fraud

May 15, 2009 8:55 am | by The Associated Press | News | Comments

DENVER (AP) — The Securities and Exchange Commission has filed a civil lawsuit accusing Colorado Springs-based Wellco Energy LLC and four employees of fraud.A woman who answered the phone at Wellco Friday said she had no immediate comment. She refused to give her name.The complaint, filed Thursday,...

Huge shortfall found at Stanford Caribbean bank

May 15, 2009 8:50 am | by The Associated Press | News | Comments

SAN JUAN, Puerto Rico (AP) — The Caribbean offshore bank at the center of an alleged fraud scheme by Texas billionaire R. Allen Stanford apparently has nowhere near enough money to repay depositors from around the world.A court-appointed accounting firm reviewing the bank's books has found that...

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It Started With A Happy Meal

May 15, 2009 8:45 am | by David Mantey | Pdd | Articles | Comments

An electronic CEO fireside chat with Scott Galloway, president & owner of GPI Prototype & Manufacturing Services

Bernanke: investor demand for TALF will grow

May 15, 2009 8:24 am | by JEANNINE AVERSA - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke predicts investors' appetites will continue to grow for a government program aimed at sparking consumer and business lending.After getting off to a slow start in March, demand jumped in May, with investors requesting $10.6 billion worth of...

Your Pay Just Dropped 11 Percent

May 15, 2009 8:20 am | by Luke Simpson, Associate Editor, IMPO | Blogs | Comments

Last week the Bureau of Labor Statistics released figures showing changes in productivity and labor costs during the first quarter of 2009. The numbers indicate that productivity — output per hour worked — goes up a little bit when you lay off a few people, and then drops dramatically when you lay off a lot of people.

FBI probes possible insider trading by SEC lawyers

May 15, 2009 8:14 am | by MARCY GORDON - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — Federal prosecutors and the FBI have been investigating possible illegal insider trading by two Securities and Exchange Commission enforcement attorneys who were in a position to receive sensitive information about agency probes of public companies.The SEC's inspector general,...

Bulgarian parliament bans smoking in public places

May 15, 2009 8:09 am | by The Associated Press | News | Comments

SOFIA, Bulgaria (AP) — Bulgaria's parliament adopted a law Friday extending a smoking ban to all indoor areas in the traditional tobacco-growing Balkan country.The amendment to the country's health law has stirred fierce debates between smokers and nonsmokers in parliament.More than 40 percent of...

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Online Provider Of Rapid Metal Parts

May 15, 2009 7:56 am | News | Comments

3D Systems ( Nasdaq: TDSC ) and Scicon Technologies announce the formation of MQast , a joint venture between 3D Systems and Scicon Technologies. MQast is an online provider of rapid, high-quality complex metal parts with facilities located in Valencia, California.  

GM terminating about 1,100 dealer franchises

May 15, 2009 7:38 am | by The Associated Press | News | Comments

NEW YORK (AP) — General Motors is telling about 1,100 dealers their franchises will be terminated late next year.GM's action Friday comes just a day after crosstown rival Chrysler announced it will drop 789 of its roughly 3,200 dealerships. Both companies have too many dealerships for too few sales...

Energy Measurement Chip For Home & Enterprise Solutions

May 15, 2009 7:32 am | News | Comments

Teridian Semiconductor announces the availability of its first system-on-a-chip (SoC) for power outlet measurement and monitoring. The 78M6612 (6612) extends Teridian's extensive smart metering product line with a new class of integrated circuits (ICs) designed to help end users understand the AC power they are consuming.  

Ann Arbor News to publish final edition July 23

May 15, 2009 7:28 am | by The Associated Press | News | Comments

ANN ARBOR, Mich. (AP) — The Ann Arbor News plans to publish its last newspaper July 23, with a twice-weekly online-focused operation taking its place.Publisher Laurel Champion announced the date Thursday in an e-mail to employees. The News reported in March it would cease publication after 174...

YRC reported to ask for $1 billion in bailout cash

May 15, 2009 7:28 am | by SAMANTHA BOMKAMP - AP Transportation Writer - Associated Press | News | Comments

NEW YORK (AP) — The nation's largest publicly traded trucking company will ask for $1 billion in aid from the federal bailout fund, as creditors come knocking and business continues to sink, media reports said Friday.If approved, YRC would become the first trucking company to get help from the...

Kroger CEO's pay falls 9 pct in 2008

May 15, 2009 7:23 am | by DAN SEWELL - AP Business Writer - Associated Press | News | Comments

CINCINNATI (AP) — Kroger Co. Chairman and Chief Executive David B. Dillon's pay fell some 9 percent as sales growth slowed for the nation's largest grocery chain during the recession, according to an Associated Press analysis of a regulatory filing Friday.Dillon's compensation was valued at $8.25...

Trade group: Summer air traffic could fall 6.7 pct

May 15, 2009 7:18 am | by The Associated Press | News | Comments

WASHINGTON (AP) — A trade group for U.S. airlines says the number of passengers will drop 6.7 percent this summer because of the recession.The Air Transport Association said Friday it expects the number of passengers to drop by 14 million, to 195 million between June 1 and Aug. 31, compared with...

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