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50 Years In High-Tech Industry

May 28, 2009 4:06 am | News | Comments

National Semiconductor Corp. is celebrating its 50th anniversary. National’s story is one intricately woven into the history of the high-tech industry. Known for its world-class manufacturing and logistics, product reliability, and innovative technology, National has had many notable “industry firsts” in the last 50 years.  

2 Finnish telecom managers jailed for fraud, EU

May 28, 2009 4:03 am | by The Associated Press | News | Comments

HELSINKI (AP) — A Finnish court has convicted two managers of former telecom company Jippii Oyj of fraud and misuse of insider information and handed them prison sentences. Thirteen others were given suspended sentences or fined.The Helsinki Court of Appeal found former Jippii board chairman Ilpo...

Ohio House approves regulation of shadowy accounts, OH

May 28, 2009 4:03 am | by The Associated Press | News | Comments

COLUMBUS, Ohio (AP) — The Ohio House has approved restrictions on shadowy accounts politicians use to pay for their transitions into office following their election.The House voted 97-0 Wednesday to put a cap on the amount a person or corporation can contribute to the so-called transition accounts....

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Tide to launch anti-stain additive, 1st Ld-Writethru

May 28, 2009 3:57 am | by DAN SEWELL - AP Business Writer - Associated Press | News | Comments

CINCINNATI (AP) — The Procter & Gamble Co. will launch an anti-stain laundry additive under its Tide detergent brand this summer."Tide Stain Release" should be on U.S. store shelves in July. Tide officials say the new product will compete in an additive market they estimate has $1.6 billion in...

Maximus signs $49M Tennessee child support deal, APFN

May 28, 2009 3:57 am | by The Associated Press | News | Comments

RESTON, Va. (AP) — Government health services provider Maximus Inc. said Thursday it won a five year, $49 million contract to provide child support operations in Tennessee.The deal is the largest privatization of a child support enforcement services contract in the U.S., Maximus said.Under the...

Rhode Island man pleads guilty in kickback scheme, APFN

May 28, 2009 3:57 am | by The Associated Press | News | Comments

PROVIDENCE, R.I. (AP) — A former Rhode Island union organizer has pleaded guilty to federal charges that he accepted kickback payments and other gifts in exchange for work on a Providence redevelopment project.Harold Tillinghast Jr., a former organizer with the Laborers International Union of North...

Ahead of the Bell: China Sunergy downgrades, APFN

May 28, 2009 3:51 am | by The Associated Press | News | Comments

NEW YORK (AP) — China Sunergy Co. Ltd.'s lack of vertical integration will constrain the solar cell maker's margins, said an analyst as he downgraded the company's stock on Thursday.Jefferies & Co. analyst Paul Clegg said that despite the company's strong cell technology and stable liquidity...

Big Lots raises full-year earnings outlook range, APFN

May 28, 2009 3:51 am | by The Associated Press | News | Comments

COLUMBUS, Ohio (AP) — Discount retailer Big Lots Inc. lifted its fiscal full-year earnings from continuing operations forecast Thursday as its first-quarter profit climbed on lower expenses.The Columbus, Ohio-based company now expects net income of $1.85 to $1.95 per share. Its prior outlook was...

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Heinz 4Q profit falls 10 percent

May 28, 2009 3:51 am | by EMILY FREDRIX - AP Food Industry Writer - Associated Press | News | Comments

MILWAUKEE (AP) — H.J. Heinz Co. plans to boost marketing and limit price discounting in fiscal 2010 as it looks to keep selling its ketchup and sauces to consumers who have been trading down to less-expensive store brands.The Pittsburgh-based food maker said consumers this winter switched to...

Big Lots 1Q profit rises on lowered expenses, APFN

May 28, 2009 3:41 am | by The Associated Press | News | Comments

COLUMBUS, Ohio (AP) — Closeout retailer Big Lots Inc. said Thursday that its profit climbed 5 percent in its fiscal first quarter on lowered expenses.Net income for the period ended May 2 rose to $36.2 million, or 44 cents per share, compared with $34.5 million, or 42 cents per share, a year...

Ga. firm rents foreclosures to those who can't buy

May 28, 2009 3:41 am | by JASON BRONIS - Associated Press Writer - Associated Press | News | Comments

LITHONIA, Ga. (AP) — Tim Cabrera eyes the unwanted artwork gracing the interior walls of the house his company just bought: Long streaks and swirls of red and blue spray paint.The graffiti, probably the work of neighborhood kids, stretches from the kitchen to the upstairs bathroom of the foreclosed...

Jordan looks to oil shale for energy hope, ML

May 28, 2009 3:41 am | by DALE GAVLAK - Associated Press Writer - Associated Press | News | Comments

AMMAN, Jordan (AP) — An energy pauper in a region of oil barons, Jordan is pushing ahead with efforts to tap its vast oil shale deposits, looking beyond crude's current price slump as it scrambles for energy self-sufficiency.The kingdom's latest step was a concessionary agreement signed earlier in...

Norway's jobless rate falls to 2.6 pct in May, EU

May 28, 2009 3:36 am | by The Associated Press | News | Comments

OSLO (AP) — Norway's unemployment rate fell to 2.6 percent in May from 2.8 percent in April, the first drop in a year for the oil-rich country, labor authorities said Thursday.The drop in May was mainly attributed to more part-time jobs, but the number was still up 85 percent from a year ago when...

Cooper Tire & Rubber CFO Phil Weaver to retire, APFN

May 28, 2009 3:36 am | by The Associated Press | News | Comments

FINDLAY, Ohio (AP) — Cooper Tire & Rubber Co. said Thursday its chief financial officer Phil Weaver will retire at the end of the year.Weaver, 56, has worked for Cooper Tire for 19 years. Weaver has served as CFO since 1999.Cooper Tire will begin a search for a new CFO and expects to name a...

BOJ profit payment to gov't falls to 4-year low on stock market drop+

May 28, 2009 3:36 am | by The Associated Press | News | Comments

TOKYO, May 28 (Kyodo) — The Bank of Japan said Thursday its profit payment to the government for fiscal 2008 fell 57.8 percent from the previous year to a four-year low of 255.2 billion yen due to a heavy loss on shareholdings and a greater profit transfer to legal reserves.For the year ended in...

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