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Media veteran is new publisher of Union-Tribune

May 12, 2009 1:23 pm | by The Associated Press | News | Comments

SAN DIEGO (AP) — A 32-year media veteran was named Tuesday as the new president and publisher of The San Diego Union-Tribune.Ed Moss will be responsible for day-to-day management of the struggling newspaper and for efforts to stabilize financial performance and increase revenue, the newspaper said...

Treasurys little changed after Fed buys more debt

May 12, 2009 1:22 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Treasurys ended little changed Tuesday after strong gains a day earlier, as the Federal Reserve bought more government debt and economic data came in better than expected.The Fed purchased $6 billion in securities maturing between 2012 and 2013. That was less than investors...

Dollar drops as trade deficit widens in March

May 12, 2009 12:57 pm | by The Associated Press | News | Comments

NEW YORK (AP) — The dollar dropped against the euro and the pound Tuesday after a report showed that the U.S. trade deficit rose in March, while home prices fell in nearly nine out of every 10 U.S. cities in the first quarter of this year.The 16-nation euro advanced to $1.3643 in late New York...


Applied Materials posts 2Q loss, lower revenue

May 12, 2009 12:52 pm | by The Associated Press | News | Comments

SANTA CLARA, Calif. (AP) — Chip manufacturing equipment maker Applied Materials Inc. posted a net loss Tuesday, hurt by charges and lower revenue.For the three months ended April 26, the company posted a net loss of $255.4 million, or 19 cents per share, down from a profit of $302.5 million, or 22...

Meltdown 101: Mining the JOLTS for job clues

May 12, 2009 12:47 pm | by CHRISTOPHER S. RUGABER - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — The good news is that, even in a recession, there are 2.7 million jobs available around the country, according to a government report released Tuesday. The bad news is that there are, on average, about five unemployed people for each one.That's one conclusion that can be drawn...

Intel CEO: 'So far, so good' in 2Q

May 12, 2009 12:47 pm | by JORDAN ROBERTSON - AP Technology Writer - Associated Press | News | Comments

SANTA CLARA, Calif. (AP) — Intel Corp.'s chief executive said Tuesday that chip orders have been "a little better than we expected" so far in the second quarter, a sign that semiconductor sales are slowly improving.The company's stock climbed nearly 3 percent in after-hours trading following Paul...

Small business card lender to close all accounts

May 12, 2009 12:46 pm | by MADLEN READ - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Advanta Corp., a credit card lender to nearly 1 million small businesses, will close all its cardholders' accounts next month in a last-ditch effort stem losses.Analysts said the move adds to already growing concerns that the company might not be able to survive. And while other...

Ticketmaster 1Q profit falls on lower ticket sales

May 12, 2009 12:36 pm | by DEBORAH YAO - AP Business Writer - Associated Press | News | Comments

Ticketmaster Entertainment Inc. reported a 78 percent drop in first-quarter profit Tuesday as ticketing sales fell and a distribution agreement with merger partner Live Nation ended. The company also incurred costs related to the upcoming merger.Ticketmaster, the world's largest seller of tickets...


Freddie Mac seeks $6.1B in US aid after 1Q loss

May 12, 2009 12:31 pm | by ALAN ZIBEL - AP Real Estate Writer - Associated Press | News | Comments

WASHINGTON (AP) — Mortgage giant Freddie Mac is looking for $6.1 billion in additional government aid as the cost to taxpayers from the housing market bust keeps growing.The McLean, Va.-based company, seized by federal regulators in September, on Tuesday posted a loss of $9.9 billion, or $3.14 per...

White House memo challenges EPA finding on warming

May 12, 2009 12:31 pm | by DINA CAPPIELLO - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — An Environmental Protection Agency proposal that could lead to regulating the gases blamed for global warming will prove costly for factories, small businesses and other institutions, according to a White House document.The nine-page memo is a compilation of opinions made by a...

AP Source: Chrysler to cut 800 dealers on Thursday

May 12, 2009 12:21 pm | by TOM KRISHER - AP Auto Writer - Associated Press | News | Comments

DETROIT (AP) — Chrysler LLC plans to fire up to 800 of its 3,200 dealers on Thursday, a lawyer seeking to represent the dealers said on a conference call.The lawyer, Stephen Lerner, who heads the bankruptcy and restructuring practice of the law firm Squire Sanders, told dealers on the Tuesday call...

Carter: Energy problems will again test America

May 12, 2009 12:21 pm | by H. JOSEF HEBERT - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — Former President Jimmy Carter says the nation's energy problems haven't changed from those he faced three decades ago.Carter told a Senate hearing that the country still needs to reduce its dependence on imported oil and find ways to use less energy. And he says doing so will test...

Get Ready For Take Off

May 12, 2009 12:17 pm | Videos | Comments

Chief design engineer, Ray, demonstrates a flight sequence of the Martin Jetpack .

The World’s Smallest Car

May 12, 2009 12:13 pm | Videos | Comments

Perry Watkins took on the challenge of creating the smallest car in the world by combining Postman Pat’s van with a hybrid quad bike.  

ProlificUSA USB & GPS Products Offered In The Americas

May 12, 2009 12:06 pm | News | Comments

Avnet Electronics Marketing Americas ( NYSE: AVT ) has signed a distribution agreement. ProlificUSA’s universal serial bus (USB) and global positioning system (GPS) products are now available from Avnet in the Americas.


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