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Administration weighs pay standards for banks

May 13, 2009 9:41 am | by JIM KUHNHENN - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — The Obama administration wants government to have a say in how financial institutions pay their employees and is working to change Wall Street practices so that compensation is more closely tied to performance over time.The attention to pay practices arises from the Obama...

Boeing, AgustaWestland reach $1.2B helicopter deal

May 13, 2009 9:36 am | by The Associated Press | News | Comments

ROME (AP) — Boeing Co. and AgustaWestland will supply the Italian Army with 16 Chinook helicopters under a contract worth about $1.23 billion, the companies said Wednesday.Under the contract, aerospace company Boeing will be the prime subcontractor to AgustaWestland, a unit of Italian military...

Sector Snap: Casinos fall as MGM eyes capital

May 13, 2009 9:15 am | by The Associated Press | News | Comments

NEW YORK (AP) — Shares of casino operators slid Wednesday as MGM Mirage's plan to raise $2.5 billion in capital did little to ease investors' concerns about the debt-laden company.Earlier in the day the Las Vegas-based casino operator, which is majority-owned by billionaire Kirk Kerkorian, said it...

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US firm unveils new battery tech for electric cars

May 13, 2009 9:00 am | by TOMOKO A. HOSAKA - Associated Press Writer - Associated Press | News | Comments

YOKOHAMA, Japan (AP) — A California-based company demonstrated a new battery-swapping technology Wednesday that could overcome a key obstacle to the adoption of electric cars — their reliance on frequent, long stops for recharging.Founded two years ago, Better Place unveiled a model of its battery...

APME survey: Newspapers fear effects of cutbacks

May 13, 2009 9:00 am | by MICHAEL LIEDTKE - AP Business Writer - Associated Press | News | Comments

SAN FRANCISCO (AP) — Nearly three-quarters of U.S. newspaper executives responding to a recent survey said their ability to inform readers has diminished with their steadily shrinking staffs.The survey conducted by the Associated Press Managing Editors illuminated the doubts and concerns hovering...

Auto suppliers lobby for federal support

May 13, 2009 8:35 am | by KEN THOMAS - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — Auto suppliers appealed to lawmakers Wednesday for federal support, warning that the U.S. supply base could buckle under from the declining fortunes of General Motors Corp. and Chrysler LLC.But it's not just the big Detroit automakers that are suffering. Several small auto...

Travel officials push back on business travel

May 13, 2009 8:19 am | by The Associated Press | News | Comments

WASHINGTON (AP) — The CEO of Internet travel site Travelocity says misguided criticism of business travel has led to a lot of confusion about what's acceptable.Sam Gilliland spoke to a Senate subcommittee on tourism on Wednesday.Gilliland and other travel officials say those who have criticized...

Environmental alarms raised over home electronics

May 13, 2009 8:09 am | by GREG KELLER - AP Business Writer - Associated Press | News | Comments

PARIS (AP) — Charge your iPod, kill a polar bear?The choice might not be quite that stark, but an energy watchdog is alarmed about the threat to the environment from the soaring electricity needs of gadgets like MP3 players, mobile phones and flat screen TVs.In a report Wednesday, the Paris-based...

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Transportation Dept. scraps NYC slot auctions

May 13, 2009 7:54 am | by SAMANTHA BOMKAMP - AP Transportation Writer - Associated Press | News | Comments

NEW YORK (AP) — The Transportation Department said Wednesday it will cancel proposal for "slot auctions" at New York City airports, following strong backlash from airlines and industry groups.The auctions were part of a plan to reduce congestion at New York's three major airports. Airlines were to...

Stock Includes Molex DDR3 DIMM Sockets

May 13, 2009 7:40 am | News | Comments

Mouser Electronics announces that it is stocking the new Molex DDR3 DIMM Sockets. Molex is a manufacturer of interconnect products.

Correction: May 12 affordable RVs story

May 13, 2009 7:33 am | by The Associated Press | News | Comments

NEW YORK (AP) — In a May 12 story about affordable deals on recreational vehicles, The Associated Press erroneously stated the name of an RV dealer. The dealer's name is Larry Troutt, not Richard Troutt.

Mass. transit authority banning driver cell phones

May 13, 2009 7:28 am | by GLEN JOHNSON - AP Political Writer - Associated Press | News | Comments

BOSTON (AP) — Massachusetts transit officials are banning operators of their trains, street cars and buses from carrying cell phones while they are driving the public.The policy change announced Wednesday follows a trolley crash last week that injured nearly 50 people and was blamed on a...

Continental Airlines to shut center, cut 500 jobs

May 13, 2009 7:23 am | by The Associated Press | News | Comments

HOUSTON (AP) — Continental Airlines Inc. said Wednesday it is closing a call center in Tampa, Fla., and cutting 500 reservation agents companywide. The carrier cited a weak economy and customers' growing preference for Web-based reservations.About 100 of the eliminated positions will be in Tampa,...

Remain Calm, All Is … Okay

May 13, 2009 7:23 am | by Jeff Reinke, Editorial Director, PD&D | Articles | Comments

Overall, the PD&D Index dropped from 1467.73 to 1449.48, or $18.25 for the week. During the same stretch the Dow gained about 130 points, but early results from this morning offer a downward trend that could negate those gains and drive it down to about the 8300 level.  

Google to reshoot street views of Japanese cities

May 13, 2009 6:58 am | by MARI YAMAGUCHI - Associated Press Writer - Associated Press | News | Comments

TOKYO (AP) — Google said Wednesday it will reshoot all photos in Japan for its Street View service after residents complained the 360-degree panoramic images provided a view over the fences around their homes.The Internet giant's service has triggered privacy complaints around the world, including...

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