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Headlines - Archives - April 2009

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Find your daily news fix featuring tech-savvy articles impacting the day-to-day lives of design engineers. Updated hourly, we bring you the latest to cross the wires related to motion control, additive manufacturing, electronic components, hydraulics, pneumatics, materials, fastening and more.

Stanford tries to surrender to federal authorities   4/30/2009
HOUSTON (AP) — R. Allen Stanford, accused by federal regulators in a civil complaint of running an $8 billion investment fraud, tried to turn himself in to federal marshals in Houston on Thursday, but they didn't take him into custody because no warrant has been issued for him.The Houston Chronicle...   Continue
Boston Herald hikes newsstand prices   4/30/2009
BOSTON (AP) — The Boston Herald is raising the newsstand price of its daily newspaper by 25 cents to $1, citing economic pressures affecting the newspaper industry.The increase for papers sold within 30 miles of Boston will be effective May 11. Outside of the 30-mile area, the cost will remain at...   Continue
Freddie Mac pays $700K to former exec's survivors   4/30/2009
WASHINGTON (AP) — Freddie Mac is paying out more than $700,000 to the family of David Kellermann, the mortgage finance company's former acting chief financial officer who died last week in an apparent suicide, the company disclosed Thursday.The McLean, Va.-based company said in a Securities and...   Continue
Y-stone Club owner has personal debts of $150M   4/30/2009
BILLINGS, Mont. (AP) — Court filings show Yellowstone Club owner Edra Blixseth is more than $150 million in debt, while most of her houses, cars and other property have been put up as collateral on overdue loans.Blixseth and her former husband, Tim, developed from scratch the posh club with its...   Continue
NV Energy hits renewable target for first time   4/30/2009
RENO, Nev. (AP) — State regulators have certified that NV Energy Inc., Nevada's largest electric utility, has for the first time met its requirement that 9 percent of the power it produces be generated using renewable resources.Both of the company's subsidiaries — formerly Nevada Power Company...   Continue
Reader survey of stories roils Tribune newsroom   4/30/2009
CHICAGO (AP) — The Chicago Tribune in recent weeks solicited subscribers' opinions on stories before they were published, a practice the paper's own reporters said raises ethical questions, as well as legal and competitive issues.An e-mail signed by 55 reporters and editors, sent Wednesday to...   Continue
UBS asks to keep account holders a secret   4/30/2009
MIAMI (AP) — Swiss banking giant UBS AG said turning over to the IRS the names of thousands of wealthy Americans who might be withholding billions in income from U.S. taxes would violate Swiss law and undermine international relations, according to a court brief filed Thursday.The Internal Revenue...   Continue
Fontainebleau construction slowing amid lawsuit   4/30/2009
LAS VEGAS (AP) — Contractors building a $3 billion casino-resort on the Las Vegas Strip began trimming workers this week while financing to finish the project is in question, the developer said Thursday.Fontainebleau Las Vegas sued 11 lenders last week, saying the banks had pulled back on a...   Continue
Japan jobless rate up, spending down in March   4/30/2009
TOKYO (AP) — Japan says its jobless rate rose and household spending fell in March.Friday's government announcement shows the world's second-largest economy is still faltering.The Ministry of Internal Affairs and Communications said the jobless rate worsened to 4.8 percent in March, up from 4.4...   Continue
IDT reports fiscal 4th-qtr loss   4/30/2009
SAN JOSE, Calif. (AP) — Integrated Device Technology Inc. on Thursday reported a loss for its fiscal fourth-quarter due to a drop in revenue and a major writedown in the value of the company.For the quarter that ended March 29, the communications chip maker reported a loss of $719.2 million, or...   Continue

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At Issue

Don’t Bet On It
Karen Langhauser, Editor-in-chief, Food Manufacturing
Notes From The Real World
Mike Rainone, Co-Founder of PCDworks
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