FAA Continues Staff Shake-Up Posted: 29 Apr 2011 05:41 PM PDT Federal aviation officials broadened a staff shake-up in the wake of several reports of air-traffic miscues, including controllers caught sleeping on the job. |
Total Buys Stake in Solar Firm Posted: 29 Apr 2011 07:21 PM PDT In a deal that highlights the rapid maturation of the solar industry, French oil major Total said it would spend $1.37 billion to buy a controlling stake in SunPower. |
Mortgage With 0% Down? Ask NASA Posted: 29 Apr 2011 06:17 PM PDT No-money-down mortgages are coming back, but it may take a rocket scientist to get one. |
NFL Lockout Is Reinstated Posted: 29 Apr 2011 06:14 PM PDT An appeals court voted 2-1 Friday to issue a temporary stay of the district court injunction that lifted the NFL lockout earlier in the week. Players will once again be prohibited from entering NFL facilities. |
Accounting Board Tries to Close Lehman Loophole Posted: 29 Apr 2011 05:22 PM PDT U.S. accounting rulemakers on Friday issued an update to accounting rules for repurchase agreements, attempting to close the loophole Lehman Brothers was accused of using to hide billions in debt before its collapse. |
NBCU Chief Pushes More Cross-Marketing Posted: 29 Apr 2011 05:44 PM PDT NBCU chief Steve Burke is doubling down on an idea that's fallen out of favor in the media business: synergy. He's pressing executives to promote Universal films and NBC shows to Comcast cable and Internet subscribers. |
Treasury to Exempt Currency Swaps From Rules Posted: 29 Apr 2011 04:27 PM PDT The foreign-exchange instruments would be excluded from rules governing derivatives, a decision hailed by business organizations but criticized by some advocacy groups. |
NFL in Talks to Put Network on Tablets Posted: 29 Apr 2011 03:03 PM PDT The National Football League is in talks with pay-TV operators to distribute the NFL Network's programming over tablets and other computers as the TV industry wrestles with the rise of digital media. |
EU Opens Probes of a Swaps Market Posted: 29 Apr 2011 04:59 PM PDT European antitrust authorities have opened two investigations into the financial institutions and clearinghouse that operate the region's market for credit-default swaps. |
U.S. Officials Quiz Sony on Data Theft Posted: 29 Apr 2011 04:37 PM PDT Two U.S. Congress members are asking Sony to explain its handling of the recently disclosed data breach involving its PlayStation Network, one of the largest data thefts in history. |
Month-End Buying Lifts Treasurys Posted: 29 Apr 2011 02:01 PM PDT Longer-dated Treasurys were boosted by month-end demand, while some investors were heartened by data showing tame inflation. The 10-year yield fell to its lowest level since mid-March. |
Gold Settles at Record $1,556 Posted: 29 Apr 2011 01:08 PM PDT Gold futures topped $1,550 a troy ounce. The silver contract for July delivery settled at $48.599, its highest settlement ever. |
Tobacco Companies Win Verdict Posted: 29 Apr 2011 11:53 AM PDT A St. Louis state-court jury returned a verdict for a number of tobacco companies, agreeing that 37 Missouri hospitals couldn't recover costs for treating sick smokers. |
No Verdict in Galleon Trial Yet Posted: 29 Apr 2011 04:56 PM PDT Jurors have finished deliberating for the week in the insider-trading trial of Galleon Group founder Raj Rajaratnam, and are expected to resume Monday. |
RIM Shares Drop on Dim Outlook Posted: 29 Apr 2011 04:50 PM PDT Investors dumped shares of Research In Motion Ltd. on Friday amid growing concerns that the maker of BlackBerry devices doesn't have enough in its development pipeline to stem declining sales in the U.S. market. |
Goodyear's Revenue Rises 27% Posted: 29 Apr 2011 08:12 AM PDT Goodyear Tire swung to a first-quarter profit on a 27% rise in revenue, as demand improved and price increases helped offset rising raw-material costs. |
Amazon Apologizes for Outage Posted: 29 Apr 2011 04:49 PM PDT Amazon.com issued a detailed account of last week's Web-services outage in which it apologized for the shutdown and offered a service credit to customers. |
Chevron's Profit Rises 36% Posted: 29 Apr 2011 09:29 AM PDT Chevron's first-quarter earnings jumped to $6.21 billion on the back of high oil prices and stronger refining margins. |
Americans' Spending Slows Posted: 29 Apr 2011 05:40 PM PDT Americans' incomes grew in March, but spending slowed as prices rose for food and energy. |
Merck Profit Soars on Lower Charges Posted: 29 Apr 2011 09:34 AM PDT Merck said its first-quarter profit tripled from a year earlier on lower acquisition-related costs, while generic competition for previously big-selling drugs limited sales growth to 1%. |