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AT & T to buy territories from Verizon for $2.35B

May 8, 2009 6:11 pm | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — AT&T Inc. said Friday it will buy the assets of Verizon Wireless in 79 mainly rural areas for $2.35 billion, a deal that will affect more than 1 million subscribers.Verizon Wireless was forced to sell the service areas, which are spread over 18 states, to satisfy regulatory...

US regulators shut down 33rd bank this year

May 8, 2009 5:46 pm | by MADLEN READ - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Federal regulators on Friday shut down Westsound Bank of Bremerton, Wash., making it the 33rd bank to fail this year.The Federal Deposit Insurance Corp. seized the small bank and said its nine branches and nearly all of its deposits will be taken over by Kitsap Bank of Port Orchard,...

Union: Delta wants to cut pilot jobs

May 8, 2009 4:50 pm | by HARRY R. WEBER - Associated Press Writer - Associated Press | News | Comments

ATLANTA (AP) — Delta Air Lines Inc., the world's biggest airline operator, wants to cut an unspecified number of pilot jobs through a program that would give pilots an incentive to retire, according to a memo issued by the pilots union Friday.Lee Moak, chairman of the pilots union's executive...


How could a government-run GMAC reshape car sales?

May 8, 2009 2:14 pm | by KIMBERLY S. JOHNSON - AP Auto Writer - Associated Press | News | Comments

DETROIT (AP) — With the federal government almost certain to take control of GMAC Financial Services, analysts suggest it could become a loan machine that gives General Motors and Chrysler a huge advantage over their competitors.The company was one of 10 financial firms ordered by the government to...

How the major stock indexes fared Friday, US

May 8, 2009 2:09 pm | by The Associated Press | News | Comments

A late-day shot of adrenaline sent stock prices soaring Friday, giving Wall Street its third straight monthly gain. After fluctuating much of the day on mixed economic data, stocks soared just before the close. Analysts attributed the surge to buying by short-sellers who had bet that stocks would...

Treasurys rise after April jobs data

May 8, 2009 2:03 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Treasury prices rose Friday after mixed economic data led investors to buy back into government debt.The Labor Department's April jobs report was somewhat reassuring to investors worried about the economy. The 539,000 drop in U.S. jobs was smaller than economists anticipated, which...

Berkshire Hathaway reports a $1.5B 1Q loss

May 8, 2009 2:03 pm | by JOSH FUNK - AP Business Writer - Associated Press | News | Comments

OMAHA, Neb. (AP) — Warren Buffett's company reported a $1.5 billion first-quarter loss as it wrote down its ConocoPhillips investment and mostly unrealized derivative losses helped drag Berkshire Hathaway's results below last year's $940 million profit.Berkshire Hathaway Inc. said Friday it...

Meltdown 101: Unemployment report, by the numbers

May 8, 2009 1:48 pm | by MARTIN CRUTSINGER - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — April saw the fewest job layoffs in six months, but that fact was no comfort to workers who were laid off or to the millions who have lost jobs during this recession.And that's only part of the story. A deep dive into the latest employment report offers a fuller picture of the...


Frontier seeks to extend bankruptcy plan deadline

May 8, 2009 1:43 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Frontier Airlines is asking for more time to propose its bankruptcy reorganization plan.The Denver-based airline currently has until June 4 to propose a plan before creditors would be allowed to propose their own. Frontier is asking to extend that deadline until Oct. 9.Frontier...

More acquisitions, failures in store for US banks

May 8, 2009 1:28 pm | by MADLEN READ - AP Business Writers - Associated Press | News | Comments

NEW YORK (AP) — The U.S. government says it won't let any of its 19 largest banks fail. That doesn't mean they'll all be around in a couple years.This week's stress tests showed that while many big banks need more capital, regulators aren't declaring them insolvent. But that won't necessarily stop...

Wells Fargo prices stock offering at $8.6 billion

May 8, 2009 1:18 pm | by The Associated Press | News | Comments

SAN FRANCISCO (AP) — Wells Fargo & Co. said Friday it is raising $8.6 billion through an offering of 392.15 million shares at $22 apiece, boosting the amount it previously said it would raise by $1.1 billion.The announcement comes a day after the U.S. government said the San Francisco bank needs to...

Stress tests do little to fix banks' asset problem

May 8, 2009 1:13 pm | by DANIEL WAGNER - AP Business Writers - Associated Press | News | Comments

WASHINGTON (AP) — The big banks got through the government's "stress tests" with only minor bruising. But a bigger test awaits them: Getting rid of the bad assets that helped ignite the financial crisis in the first place.It won't be easy. A Treasury program announced three months ago to help...

Will We Ever Have A Universal Outlet?

May 8, 2009 12:50 pm | by David Mantey, Editor, PD&D | Interpower Corporation | Articles | Comments

Electronic CEO fireside chat with Bob Wersen, president of Interpower.    

Stock Includes RNCS Series Of Precision Chip Resistors

May 8, 2009 12:38 pm | News | Comments

Electronic components distributor Digi-Key Corporation announces that it is now stocking Stackpole Electronics’ RNCS series of passivated Nichrome chip resistors, an ideal low-cost alternative for expensive and hard-to-find tantalum nitride chip resistors.

Rapid Prototypes Available For Brushless DC Motors

May 8, 2009 12:27 pm | News | Comments

Portescap , A Danaher Motion Company, has available a new 24 hour rapid prototyping program for its high speed brushless DC slotted motor family.     


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