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Nike to cut about 1,750 jobs worldwide

May 14, 2009 12:16 pm | by SARAH SKIDMORE - AP Retail Writer - Associated Press | News | Comments

PORTLAND, Ore. (AP) — Shoe and apparel company Nike Inc. said Thursday that it will cut about 1,750 jobs worldwide, or 5 percent of its global work force.About 500 of the jobs lost will be at Nike's world headquarters in Beaverton, Ore. The company did not specify what departments the cuts would be...

Nordstrom 1Q profit falls by nearly a third

May 14, 2009 12:16 pm | by ASHLEY M. HEHER - AP Business Writer - Associated Press | News | Comments

CHICAGO (AP) — Upscale department store chain Nordstrom Inc. said it was raising its outlook for the full year after it beat Wall Street forecasts for the first quarter thanks to stronger-than-expected sales."While we don't know what lies ahead, we are well positioned to efficiently manage our...

Astro_Mike: In space, everyone can hear you tweet

May 14, 2009 12:11 pm | by SETH BORENSTEIN - AP Science Writer - Associated Press | News | Comments

GREENBELT, Md. (AP) — On Twitter, messages of 140 characters may seem confining. Mike Massimino is finding a different type of space even more limiting — outer space.The astronaut is sending messages to the social networking site from 350 miles above Earth on the space shuttle Atlantis — and what's...

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NYC mayor grilled in discrimination suit

May 14, 2009 11:40 am | by The Associated Press | News | Comments

NEW YORK (AP) — New York City Mayor Michael Bloomberg has been questioned behind closed doors about accusations in a lawsuit that his financial data and news service discriminated against women.The plaintiffs' lawyers questioned Bloomberg Thursday at his private attorney's midtown Manhattan office....

Gold prices extend recent gains, rise slightly

May 14, 2009 11:20 am | by SARA LEPRO - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — Gold prices extended recent gains Thursday, moving slightly higher as the dollar fell against other major currencies.Oil prices and agriculture futures also rose amid a rebound on Wall Street.The dollar was lower against other major currencies in afternoon trading, which helped...

Economy's improvement is fitful, reports show

May 14, 2009 11:15 am | by CHRISTOPHER S. RUGABER - AP Economics Writer - Associated Press | News | Comments

WASHINGTON (AP) — A bit of sour news Thursday — in the form of increased jobless claims and higher wholesale prices — suggested the economy is moving in fits and starts even as the recession eases.Analysts said the pace of unemployment claims should ease after auto industry layoffs are completed....

Former Harrah's exec Claudine Williams dead at 88

May 14, 2009 11:04 am | by The Associated Press | News | Comments

LAS VEGAS (AP) — Claudine Williams, a leading figure in the Nevada gambling industry and the first woman to manage a major Las Vegas Strip casino, has died. She was 88.Harrah's Entertainment officials said Thursday that Williams died Wednesday in Las Vegas after a long illness."Claudine was a...

Finland calls for Nordic membership in G-20

May 14, 2009 10:03 am | by MATTI HUUHTANEN - Associated Press Writer - Associated Press | News | Comments

HELSINKI (AP) — The five Nordic countries should have more say in international affairs, including a joint seat in the Group of 20, Finnish Prime Minister Matti Vanhanen said Thursday.Vanhanen said the Nordic region — Finland, Sweden, Norway, Denmark and Iceland — deserves representation in the...

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Chrysler Notebook: Judge denies retirees motion

May 14, 2009 9:53 am | by The Associated Press | News | Comments

NEW YORK (AP) — Developments from Thursday's Chrysler bankruptcy hearing:THE ISSUE: A group representing Chrysler retired salaried workers asked U.S. Judge Arthur Gonzales for permission to form a formal committee to take part in Chrysler LLC's bankruptcy process.THE ARGUMENTS: The retirees group...

Michelin agrees to settlement over US tire ads

May 14, 2009 9:48 am | by The Associated Press | News | Comments

NASHVILLE, Tenn. (AP) — Michelin North America has agreed to pay 17 states a total of $375,000 to settle an investigation into advertising claims last year that its tires could save drivers money because they were fuel efficient, officials said Thursday.The settlement also requires the Greenville,...

FTC sues cos. to halt auto warranty 'robo-calls'

May 14, 2009 9:43 am | by MARCY GORDON - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — Federal regulators filed suits Thursday against several companies they say are behind a national wave of spam "robo-calls" that warn people their auto warranties are expiring and offer new service plans.Federal Trade Commission officials said they asked a federal court in Chicago...

Nigerian state will settle Pfizer case for $75M

May 14, 2009 9:17 am | by The Associated Press | News | Comments

LAGOS, Nigeria (AP) — The Nigerian state leading a multibillion-dollar lawsuit against Pfizer over a 1996 drug study says it has agreed to settle the case for $75 million.Kano State spokesman Suleyau Sule says no final settlement was signed but that state officials led by the governor had agreed...

Navy: F-35 fighter jets needed by 2015 deadline

May 14, 2009 9:07 am | by DONNA BORAK - AP Business Writer - Associated Press | News | Comments

WASHINGTON (AP) — The chief of naval operations said Thursday on-time delivery of Lockheed Martin Corp.'s next-generation Joint Strike Fighter will be critical in closing the gap of the fighter jets needed to match current and future threats.Navy Adm. Gary Roughead told the House Armed Services...

Google glitch disrupts search engine, e-mail

May 14, 2009 8:57 am | by MICHAEL LIEDTKE - AP Technology Writer - Associated Press | News | Comments

SAN FRANCISCO (AP) — Millions of people were cut off from Google Inc.'s search engine, e-mail and other online services Thursday, sparking a flurry of frustrated venting that served as a reminder of society's growing dependence on Google's technology.The Mountain View-based company blamed the...

Carlyle Group to pay $20M in NY pension probe

May 14, 2009 8:52 am | by DAVID B. CARUSO - Associated Press Writer - Associated Press | News | Comments

NEW YORK (AP) — The Carlyle Group, one of the nation's largest private equity funds, has agreed to pay $20 million and make other reforms to resolve its role in an influence-peddling scandal at New York's public pension fund.The settlement will bring an end to the possibility that the company, its...

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