EVENING NEWS for November 20, 2009, CBS

Sat, 21 Nov 2009 07:15:31 GMT

Bowers, Harold Dow, Sheila MacVicar, Ben Tracyxfdcb CBS-EVENING-NEWS-01

Manufacturers Detail Recession Survival Strategies in New Survey

Fri, 20 Nov 2009 04:59:19 GMT

DEARBORN, Mich., September 3, 2009 — Manufacturers detail their recession survival strategies in a new survey conducted by the sponsors of the upcoming FABTECH International & AWS Welding Show, including METALFORM, in Chicago.

Improvements Needed to Ensure Interoperable State Voter Registration Databases

Fri, 20 Nov 2009 04:59:15 GMT

Several actions are needed to help make voter registration databases capable of sharing information within state agencies and across state lines, says a new report from the National Research Council. These include short-term changes to improve education, dissemination of information, and...

NASA’s Pilot Safety Survey Yields Unreliable Data

Fri, 20 Nov 2009 04:59:09 GMT

Data from NASA's National Aviation Operations Monitoring Service (NAOMS) project, a survey administered to pilots in order to track safety-related incidents during air travel, should not be used to measure rates or trends in safety in the National Airspace System, says a new report from the...

Hearing ends with prosecutor calling alleged Maui spy difficult to work with but competent

Fri, 20 Nov 2009 04:35:24 GMT

A Maui man accused of spying for China is difficult to work with and makes wild exaggerations but is legally able to stand trial, a federal prosecutor asserted Friday.But at the close of a competency hearing, the lawyer for Noshir Gowadia contended the defendant suffers from narcissistic...

Prosecutor: Alleged Maui spy is difficult but sane

Fri, 20 Nov 2009 03:35:26 GMT

W.Va. regulators OK 5 percent gas rate increase

Fri, 20 Nov 2009 02:05:13 GMT

West Virginia's Public Service Commission has approved a 5 percent rate increase for Hope Gas Inc.The $8.78 million increase approved Friday is substantially smaller than the $34.4 million increase the utility had requested.The company, which operates as Dominion Hope, has not received a rate...

Medical device company ART reaches restructuring proposal after review

Fri, 20 Nov 2009 01:35:18 GMT

Medical device company ART Advanced Research Technologies Inc. (TSX:ARA) said Friday it has signed a deal with Dorsky Worldwide Corp. to restructure the company under the Bankruptcy and Insolvency Act.

FDA OKs Abilify for autism-linked irritability

Fri, 20 Nov 2009 00:35:24 GMT

The U.S. Food and Drug Administration has approved top-selling Abilify as a treatment for autism-related irritability in children from the ages of 6 to 17, drug maker Bristol-Myers Squibb Co. said Friday.Bristol-Myers and Otsuka Pharmaceutical Co., based in Tokyo, are collaborators on the...

Ex-Vivendi CEO: I made mistakes but never misled

Fri, 20 Nov 2009 00:35:19 GMT

Former Vivendi CEO Jean-Marie Messier told a jury Friday he made mistakes in his troubled bid to turn the French water company into a global media giant, but he never misled shareholders about the risks.Messier said he strove in good faith to build the company, but he didn't foresee...

Moody's downgrades Liberty Media LLC ratings

Fri, 20 Nov 2009 00:15:40 GMT

Moody's Investors Service downgraded ratings for Liberty Media Corp. subsidiary Liberty Media LLC on Friday. The changes come shortly after shareholders approved the formation of a new company out of DirecTV Group Inc. and some of Liberty's entertainment businesses.Moody's lowered Liberty's...

Cordy Oilfield Services cancels controversial private placement financing

Fri, 20 Nov 2009 23:55:13 GMT

Cordy Oilfield Services Inc. (TSXV:CKK) cancelled a controversial $4.8-million private placement of units on Friday.

Mullen Group lets offer for Livingston International Income Fund expire

Fri, 20 Nov 2009 23:45:30 GMT

Mullen Group Ltd. (TSX:MTL) said Friday it allowed its takeover bid for Livingston International Income Fund expire and walked away from its attempt to acquire the customs broker and logistics firm after failing to win enough unitholder support for the deal.Mullen, had offered 0.566 of a share...

Oprah's departure presents problem for TV stations

Fri, 20 Nov 2009 23:45:25 GMT

For more than two decades, Oprah Winfrey has been the inspirational, change-your-life champion who reigned over daytime television much like Johnny Carson once ruled late night.Now she's ready to say goodbye, leaving a huge void for broadcast TV even as she raises the possibility of more Oprah...

Nasdaq notifies Overstock it violated listing rule

Fri, 20 Nov 2009 23:45:19 GMT

Overstock.com Inc. said Friday that it received a listing rule violation letter Thursday from the Nasdaq Stock Market related to the recent filing of its third-quarter report.The online retailer said Nasdaq informed the company that its Form 10-Q violated Nasdaq rules because it was not...

Southwest Airlines changes board election rules

Fri, 20 Nov 2009 23:45:14 GMT

Southwest Airlines Co. said Friday it will require uncontested candidates for its board of directors to win a majority among shareholder votes cast to be elected, instead of just a plurality.If an incumbent fails to get a majority of votes cast, he or she must tender a resignation to the board,...

AK Steel to hike prices for carbon steel products

Fri, 20 Nov 2009 23:25:46 GMT

AK Steel Holding Corp., a supplier to the U.S. auto industry, said Friday that it will hike spot market prices for its carbon steel products, effective Jan. 1.Base prices for hot rolled products will increase by $20 per ton and base prices for cold rolled and coated products will increase by...

Timminco raises $5.3 million in private placement with largest shareholder

Fri, 20 Nov 2009 23:25:42 GMT

Timminco Ltd. (TSX:TIM) said Friday it has closed a $5.3-million private placement with its largest shareholder that has increased AMG Advanced Metallurgical Group's stake in the company to 46 per cent.AMG acquired 3.8 million shares at a price of $1.38 per share to increase its stake to 67.8...

Canadian earnings declared Friday: AirIQ, Jannock, Gemini, Novik, AFS

Fri, 20 Nov 2009 23:25:37 GMT

Canadian earnings declared Friday as of 4 p.m.:AirIQ Inc. (TSXV:IQ.H): Three months ended Sept. 30, 2009, net loss $397,000, net loss less than a penny a share; 2008, net loss $1,155,000, net loss $0.01 a share. Revenue: 2009, $2,609,000; 2008, $3,025,000.Alternative Fuel Systems Inc....

Ecometals Obtains Loan Extension

Fri, 20 Nov 2009 23:25:32 GMT

Ecometals Limited (TSX VENTURE: EC)(BERLIN: GDQ)(FRANKFURT: GDQ) (the "Company") -The Company wishes to announce that it has agreed with Zurily Resources and Trading PTE Limited (the "Lender") an extension to its US$ 750,000 loan (the "Loan"). The Loan was originally advanced to the Company by the...

UPS sets new rates for 2010

Fri, 20 Nov 2009 21:35:29 GMT

UPS Inc., the world's largest shipping carrier, is hiking 2010 rates for ground packages by an average of 4.9 percent.The company, based in Atlanta, said Friday there also will be an average net rate increase of 4.9 percent next year on all air express and U.S. origin international...

Yankee Hat Sets Annual General Meeting

Fri, 20 Nov 2009 21:35:24 GMT

Yankee Hat Minerals Ltd. (TSX VENTURE: KHT) ("Yankee Hat" or the "Company"), announces that it has set its annual general meeting at Suite 1500 - 1055 West Georgia Street, Vancouver, British Columbia, on Wednesday, December 16, 2009, at 10:00 a.m. (Vancouver time). The shareholders of the Company...

Senators seek more info on dealer closures

Fri, 20 Nov 2009 21:35:19 GMT

Senators are calling on General Motors and Chrysler to release more details on ongoing talks over the automakers' plans to close thousands of auto dealerships as part of their bankruptcies.In letters Friday to the two companies, the majority of the Senate Commerce Committee sought information...

Ontex Resources to acquire Roxmark Mines in all-stock transaction

Fri, 20 Nov 2009 21:35:15 GMT

Roxmark Mines Ltd (TSXV-RMK) said Friday it plans to amalgamate with Ontex Resources Ltd. (TSX:ONT) in an all-stock transaction to form a new company that will eventually be called Goldstone Resources Ltd.The two companies have scheduled special meetings of shareholders for Dec. 18 to consider...

Jim Albaugh Welcomes South Carolina to Boeing Family

Fri, 20 Nov 2009 21:28:15 GMT

Remarks by Boeing Commercial Airplanes President and CEO Jim Albaugh at groundbreaking for second 787 manufacturing line in North Charleston, S.C. NORTH CHARLESTON, S.C., Nov. 20 /PRNewswire-FirstCall/ -- "The Boeing Company (NYSE:BA) is an incredible company with a great heritage-including...

TRW Automotive completes private debt offering

Fri, 20 Nov 2009 21:25:30 GMT

Car parts maker TRW Automotive Holdings Corp. said Friday that it completed a previously announced private debt offering.The offering was for $259 million worth of 3.5 percent exchangeable senior notes due 2015.The company said that the offering underwriters exercised their option to buy...

Vehicle fuel efficiency up in US in 2008 models

Fri, 20 Nov 2009 21:25:26 GMT

The fleet of new cars and trucks sold to U.S. consumers averaged 21 miles per gallon (9 kilometers per liter) in the 2008 model year, a modest increase over the previous year, the Environmental Protection Agency reported Friday.New vehicle fuel efficiency improved 2 percent in 2008 from 20.6...

NRG calls on partial redemption of preferred stock

Fri, 20 Nov 2009 21:15:27 GMT

Power plant owner NRG Energy Inc. on Friday said it has called for the partial redemption of its 4 percent convertible preferred stock, aiming cut nearly half of its outstanding preferred stock shares.The company seeks to redeem 210,000 of the 419,587 outstanding shares of the preferred stock....

New questions arise in Pequot trading probe

Fri, 20 Nov 2009 21:05:24 GMT

A new development related to the government's investigation of possible insider trading at a major hedge fund has raised questions in the case and caught the attention of two key senators.The Securities and Exchange Commission has been investigating whether the now-liquidated core hedge fund of...

Vehicle fuel efficiency up in 2008 model year

Fri, 20 Nov 2009 21:05:20 GMT

The fleet of new cars and trucks sold to U.S. consumers averaged 21 miles per gallon in the 2008 model year, a modest increase over the previous year, the Environmental Protection Agency reported Friday.New vehicle fuel efficiency improved 2 percent in 2008 from 20.6 mpg for the 2007 model...

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