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Bernanke: People need to hone financial know-how

April 20, 2009 6:27 am | by JEANNINE AVERSA - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — Americans need to sharpen their financial know-how to help them best use their money, especially during the current economic crisis, Federal Reserve Chairman Ben Bernanke said Monday."As the global economy continues to experience extraordinary turbulence ... the need has never...

Docking Station Reference Design Announced

April 20, 2009 6:19 am | News | Comments

Quickfilter Technologies announces the release and general availability of the QF-Audio-Dragon docking station reference design. The reference design contains all the required electronics necessary to implement a high quality, low-cost docking station. Included in the reference design are equalization filters, microcontroller firmware, schematics, BOM, and layout files. 

Leading economic indicators dip more than expected

April 20, 2009 6:11 am | by The Associated Press | News | Comments

NEW YORK (AP) — A private sector group's index of leading economic indicators fell more than expected in March, but the forecast called for the recession's intensity to ease this summer.The Conference Board said Monday that its monthly forecast of economic activity fell 0.3 percent in March and has...

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JumpStart Program For Pre-Revenue Startup Companies

April 20, 2009 6:06 am | News | Comments

Blue Pearl Software(TM) announces JumpStart, a program for pre-revenue startup companies that help them improve design productivity, close timing faster, and create higher performance designs. JumpStart makes Blue Pearl's cutting-edge suite of tools more affordable for startups doing ASIC and FPGA design and enables them to gain significant productivity and performance benefits.

Bankruptcy judge approves Magna financing

April 20, 2009 5:51 am | by The Associated Press | News | Comments

WILMINGTON, Del. (AP) — A bankruptcy judge has agreed to grant final approval of a modified financing plan for horse-track owner Magna Entertainment Corp.The financing plan calls for $38.4 million to be provided to Ontario-based MEC by a subsidiary of its parent company, MI Developments. The amount...

PepsiCo offers to buy 2 bottlers for $6 billion

April 20, 2009 5:31 am | by MAE ANDERSON - AP Retail Writer - Associated Press | News | Comments

NEW YORK (AP) — PepsiCo Inc.'s $6 billion bid to buy its two largest bottlers should make the owner of the Gatorade, Naked juices and Aquafina brands more nimble in a landscape where soft drinks have declined in popularity in favor of healthier options like water and juices.The deals for Pepsi...

Tech Mahindra deposits $582M for Satyam stake

April 20, 2009 4:45 am | by ERIKA KINETZ - AP Business Writer - Associated Press | News | Comments

MUMBAI, India (AP) — The new owners of Satyam Computer Services Ltd. made their first visit to the company's Hyderabad headquarters Monday, speaking with employees just hours after depositing $582 million to buy a 51 percent stake in the troubled outsourcing giant.Tech Mahindra saved Satyam, once...

Adobe extends Flash to TVs, Blu-ray players

April 20, 2009 4:30 am | by The Associated Press | News | Comments

NEW YORK (AP) — Adobe Systems Inc. is extending its Flash platform to digital home entertainment devices like TV sets, Blu-ray players and set-top boxes.Adobe announced Monday that the move will let people watch high-definition videos, play Flash-based games and access other Web content on their...

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AIG completes preferred stock sale to government

April 20, 2009 4:20 am | by The Associated Press | News | Comments

NEW YORK (AP) — American International Group has completed a preferred stock sale to the government as part of a previously announced plan to receive additional financial support, according to a regulatory filing.New York-based AIG says in a Securities and Exchange Commission filing that it sold...

After IBM dalliance, Sun goes to Oracle for $7.4B

April 20, 2009 3:54 am | by The Associated Press | News | Comments

SAN FRANCISCO (AP) — Sun Microsystems Inc.'s scramble to find a suitor landed the slumping server and software maker in the arms of Oracle Corp., which agreed to pay $7.4 billion in cash for Sun in a startling marriage that would transform Silicon Valley and the computing industry.The acquisition...

Stocks point lower as busy earnings week begins

April 20, 2009 3:44 am | by TIM PARADIS - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Stock futures tumbled early Monday as investors began a busy week of quarterly earnings reports that could test the stock market's six-week rally.Bank of America Corp. said early Monday that it earned a surprise profit in the first quarter but that it also set aside $13.4 billion to...

More GM workers laid off as gov't deadlines loom

April 20, 2009 3:28 am | by TOM KRISHER - AP Auto Writer - Associated Press | News | Comments

DETROIT (AP) — General Motors Corp. started firing 1,600 white-collar workers Monday, continuing its effort to slash costs and qualify for more government loans on the same day it revealed it spent $2.8 million in the first three months of this year to lobby federal lawmakers.Meanwhile, Fiat's CEO...

Bank of America posts 1Q profit but stocks fall

April 20, 2009 3:23 am | by IEVA M. AUGSTUMS - AP Business Writer - Associated Press | News | Comments

CHARLOTTE, N.C. (AP) — Bank of America Corp. warned of worsening loan default problems Monday even as it posted a first-quarter profit of $2.81 billion. Investors concerned about the banking industry's health sent financial stocks and the overall market sharply lower.Although Bank of America said...

PepsiCo 1st-quarter profit edges down

April 20, 2009 3:13 am | by The Associated Press | News | Comments

NEW YORK (AP) — PURCHASE, N.Y. (AP) — Beverage and snack maker PepsiCo Inc. said Monday first-quarter profit edged down 1 percent, hurt by the stronger dollar and continued weak demand for soft drinks in the U.S., but results surpassed analyst expectations.Separately, Purchase, N.Y. based Pepsi...

Halliburton 1Q profit tumbles, cuts jobs

April 20, 2009 3:13 am | by JOHN PORRETTO - AP Energy Writer - Associated Press | News | Comments

HOUSTON (AP) — Halliburton Co. kicked off the oil sector's first-quarter earnings period on a dour-but-not-unexpected note Monday, reporting net income that tumbled 35 percent from a year ago and offering a poor outlook. It also said it cut more than 2,000 jobs in the first three months of the...

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