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October 2009 - Posts
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In an announcement that could help revive California's Brown family dynasty, San Francisco Mayor Gavin Newsom today announced that he is dropping out of the state's race for governor.... Read More...
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NEW YORK -- U.S. markets sank nearly 250 points Friday, marking the 10th triple-digit move during October. The Dow Jones industrial average fell 249.85 points, or 2.5 percent, to 9,712.73 points, the Wall Street Journal reported.... Read More...
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Jon Gosselin, the beleaguered star of John & Kate Plus 8, has decided not to appear in a reality show with Octomom Nadya Suleman, according to multiple celebrity news sites.... Read More...
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Did somebody try to kill Lou Dobbs? The CNN commentator is implying that the answer is yes, using his show to link an Oct. 5 incident in which his home was hit by a bullet to the controversial stand he routinely takes against illegal immigration.... Read More...
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NEW YORK -- U.S. markets headed sharply lower Friday after the Department of Commerce reported consumer spending slid 0.5 percent in September. U.S. markets continued a volatile week in which the Dow Jones industrial average moved up or down at least Read More...
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Oct. 30--Pamela Root's 2-year-old son was screaming for the Southwest Airlines plane to "Go! Plane! Go!" "I want Daddy!" Adam shouted. Over and over again. Despite her embarrassment, the stay-at-home San Jose mom remained confident that once the plane Read More...
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Oct. 30 -- A search is underway for nine people off the Southern California coast after the collision of a Navy helicopter and a Coast Guard plane from Sacramento. Seven of the personnel were aboard the Coast Guard C-130 transport plane based at the former Read More...
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American Idol's Adam Lambert debuted his new single "For Your Entertainment," on "On Air With Ryan Seacrest," Friday morning.... Read More...
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What's wrong with this picture? On the cusp of James Cameron's "Avatar" (Dec. 18), a sci-fi extravanganza with a budget hovering around $250 million, the box-office champion of the past weekend was a 2007 frightfest that cost $15,000 to make.... Read More...
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Consumer spending fell 0.5 percent in September, the first decline in five months, the U.S. Commerce Department said Friday. Income was flat in September while spending, adjusted for inflation, fell 0.6 percent.... Read More...
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The $787 billion U.S. economic stimulus program saved at least 650,000 state and local jobs, a report released Friday by the Obama administration indicated. The results, based on $150 billion in spending, is the first look at the stimulus program's impact Read More...
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On a recent afternoon at Subaru of Plano (Texas), managing partner David Thomas had to hand over the keys to the demo he was driving. With few new cars on the lot and a tight supply of used vehicles, the staff needed to sell his car.... Read More...
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The Phillies couldn't get anything going against Yankees starter A.J. Burnett and wasted a solid outing by pitcher Pedro Martinez, losing Game 2 of the World Series 3-1 Thursday night at Yankee Stadium.... Read More...
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U.S. President Barack Obama resumes discussions on reassessing the U.S. strategy in Afghanistan, meeting with the Joint Chiefs of Staff, officials said. The Joint Chiefs were to meet Friday with Obama to discuss the effect on the military if a large number Read More...
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Top U.S. regulators clashed in Washington in separate testimony on the same day concerning a major Treasury Department initiative to reshape future bailouts. Addressing the House Financial Services Committee just hours apart, Treasury Secretary Timothy Read More...
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Chinese private group Geely Holding Group, parent of Hong Kong-listed automaker Geely Automobile Holdings Ltd. (SEHK: 0175), will acquire a 100 percent stake in Volvo Car Corp. from Ford Motor Co (NYSE:F).... Read More...
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SEATTLE - After years of hype, it looks as though the mass-produced, all-electric car is really on its way. The Seattle area is poised to become one of the key markets for the initial wave of electric cars, in part because of plans to begin building next Read More...
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General Motors Co. (GM) Chief Executive Officer Fritz Henderson said the U.S. government's bailout that rescued the automaker from bankruptcy was "sufficient." "The amount of financing provided was sufficient," Henderson said on a visit to the capital, Read More...
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NEW YORK (Xinhua) -- Wall Street rallied on Thursday after the U.S. government posted a better-than-expected report on the economic growth. The U.S. Commerce Department posted that the U.S. economy grew at an annual rate of 3.5 percent in the third quarter Read More...
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Finally, last week, the U.S. government announced the widely anticipated restrictions on executive pay in rescued companies and in banks. The Treasury, through the executive compensation czar, Kenneth Feinberg, identified those bailed out companies that Read More...
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Face it, America – we're known for taking more than we need. It's a reputation we've built after decades of walking away from half-finished plates at the Chinese buffet, living alone in three-bedroom houses, and driving full-size SUVs when we have one Read More...
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To the eye, vehicles displayed at the Tokyo Auto Show lean more towards "transportation of the future" than "in dealerships next fall," but many of the exotic concepts shown are grounded in new hybrid and electric propulsion technology that is very close Read More...
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WASHINGTON (UPI) -- The U.S. Consumer Product Safety Commission announced a voluntary recall of Sony computer AC adapters due to a shock hazard. About 69,000 VAIO AC adapters were imported from China by Sony Electronics Inc.... Read More...
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The Voltaggio brothers and the five other remaining chef'testants of "Top Chef: Las Vegas" were challenged with two unusual requests in Wednesday night's episode: Prepare a TV dinner based on a TV show and prepare dinner for a movie star. New episodes Read More...
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Are you at least 16? Do you spend hours every day in virtual combat? You might be qualified to work at GameStop. The Grapevine-based video game chain says it expects to hire about 15,000 part-time seasonal workers for its 4,300 stores between now and Read More...
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As a film, Michael Jackson's This Is It is fairly straightforward, a series of musical numbers shot during rehearsals for the spectacular 50-show concert Jackson planned to stage at London's O2 arena but didn't live long enough to perform.... Read More...
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It's not even Halloween, and many a child is already pining for the Christmas season. They're not alone -- Sears is right there with them.... Read More...
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While a program providing an $8,000 credit for first-time homebuyers in the U.S. is due to end in November, reports from Capitol Hill indicate that the opportunity may be extended.... Read More...
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NEW YORK -- Listed at 6' 7" and 290 pounds, New York Yankees lefthander CC Sabathia dwarfs most everybody in baseball. But not former Cleveland Indians teammate Cliff Lee on a cool, drizzly Wednesday night at Yankee Stadium.... Read More...
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For U.S. airlines last quarter, small was good. The three smallest of the major carriers -- Alaska Air Group Inc., JetBlue Airways Corp. and AirTran Holdings Inc. -- were the only ones to post profits. The biggest airlines reported the biggest losses... Read More...
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LOS ANGELES (UPI) -- Advance screenings of the Michael Jackson documentary "This Is It" grossed $2.2 million in North America Tuesday, industry sources told Variety. The film shows pop icon Michael Jackson in the weeks before he died rehearsing for a Read More...
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Everyone is talking green these days. President Obama has made the green economy a pillar of his administration. In early August, the President announced that several Indiana companies were awarded federal grants to advance the development of green transportation... Read More...
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This month, Cosmopolitan brings readers five of Google's potential "embarrassment reducer" features to minimize future online relationship blunders. --"Undo Send" Mail Option: Enable this feature under your Gmail settings tab and you'll rest easy if you Read More...
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Ford (NYSE:F) will finally debut its new generation Cup engine this weekend at Talladega. The engine, dubbed the FR9, is the first for Ford not based on production engine design and parts. The rollout will be limited to the Roush-Fenway cars of Matt Kenseth Read More...
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Verizon Wireless, Motorola and Google on Wednesday introduced their first smartphone collaboration, the device the trio hopes will dull the luster of Apple's iPhone. Droid with Google by Motorola is the first smartphone to use Google's Android 2.0 operating Read More...
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Google has launched in the UK its Google Powermeter , an online tool that allows householders to monitor their home's energy use and greenhouse gas emissions via the web, and so reduce their consumption and save money, the Guardian reported.... Read More...
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Despite its wonderful third-quarter report, shares of Chinese search service provider Baidu.com finished off down 11.4% on October 29, as investors feared the company's shift to a new advertising system could put revenue growth on hold into 2010.... Read More...
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First-time claims for U.S. unemployment insurance benefits fell by 1,000 during the week ending Oct. 24, the U.S. Department of Labor reported Thursday. The 530,000 initial benefits claims contributed to a four-week rolling average of 526,250, a decrease Read More...
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House Speaker Nancy Pelosi, D-Calif., is set to outline broad healthcare overhaul legislation that will include a government-run insurance option, aides said. Pelosi plans to meet with House Democrats Thursday morning before a rally outside the U.S... Read More...
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U.S. Sen. Joe Lieberman, Ind-Conn., threw cold water onto Democrats' healthcare reform effort, saying he'll help filibuster unless the public option is yanked. "We're trying to do too much at once," Lieberman said during a news conference Tuesday.... Read More...
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If Pedro Martinez can captivate the crowd with his pitching the way he did at yesterday's news conference, then the Phillies' righthander should have some start against the New York Yankees in tonight's second game of the World Series at Yankee Stadium... Read More...
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On Oct. 22, 2008, Chase Utley's power, combined with the brilliance of an ace pitcher, enabled the Phillies to open the World Series with a win. In the year since, much has changed for the team. The Phils have lived for 12 months as defending champions, Read More...
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The US economy grew a surprising 3.5 per cent in the third quarter of 2009, according to government figures Thursday, likely ending the country's worst recession in decades. The annualized gross domestic product (GDP) rate was higher than the 3.2 per Read More...
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Members of Hispanic organizations from all over the country on Tuesday presented Latinos United for Healthcare, a platform to support the health care reform currently being debated in Congress and designed to inform Hispanics about changes in the system... Read More...
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Real gross domestic product (GDP) increased at an annual rate of 3.5% in the third quarter of 2009, according to today's advance estimate. This follows a decrease of 0.7% in the second quarter.... Read More...
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The Wall Street Journal is identifying GlobalFoundries Chairman Hector Ruiz as the source who provided insider information about Advanced Micro Devices Inc.'s restructuring in 2008.... Read More...
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Hector Ruiz, former CEO and chairman of Sunnyvale chip company Advanced Micro Devices , has been identified as the executive accused of leaking AMD information to a group of insider-trading conspirators.... Read More...
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NEW YORK (UPI) -- U.S. markets lost ground Wednesday after the Commerce Department said durable goods orders rose 1 percent in September, which was less than expected. Economists had predicted a rise of 1.5 percent.... Read More...
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Motorola and Verizon Wireless on Wednesday unveiled the Droid , a smartphone that will test whether the companies can use software from Google to chip away at the dominance of Apple's iPhone.... Read More...
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WASHINGTON (dpa) -- President Barack Obama signed legislation Wednesday that extends existing hate crimes laws to attacks motivated by gender, sexual orientation or disabilities. The legislation, which had stalled in Congress for years, marks the first Read More...
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NEWARK, N.J. (UPI) -- A math professor says he figures the New York Yankees have a 70 percent chance of beating the Philadelphia Phillies in the World Series. New Jersey Institute of Technology Professor Bruce Bukiet applies mathematical modeling techniques Read More...
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PHILADELPHIA -- US Airways Group Inc. on Wednesday announced that it will cut 1,000 jobs next year, including 200 pilots, 150 flight attendants and 600 airport workers.... Read More...
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WASHINGTON (Xinhua) -- U.S. orders for durable goods slightly rebounded in September, a positive sign for the manufacturing sector, according to government data released Wednesday. The Commerce Department said new orders for manufactured durable goods Read More...
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WASHINGTON (Xinhua) -- U.S. new home sales dropped unexpectedly in September as the government's tax credit for first-time home buyers is about to expire, according to official data released Wednesday.... Read More...
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Sometimes, a generically worded political memo requires one to read between the lines. But a recent message from California Gov. Arnold Schwarzenegger to the state Assembly invites one to read down the margins.... Read More...
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The Glam is back and it goes by the name of Adam Lambert ... Read More...
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It's time for me to do a mea culpa on Android. Google unveiled plans for its mobile operating system about two years ago, and rolled out the first phone based on Android about a year later. In both cases, I predicted doom.... Read More...
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A new DirecTV commercial featuring funnyman David Spade and late comedian Chris Farley has kicked up a dust cloud of criticism, and forced Spade to go on the defensive. The ad shows Spade sitting on a couch while an image of the Farley performing his Read More...
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LOS ANGELES (UPI) -- Will Smith, Jennifer Lopez, Katy Perry, Adam Lambert, David Cook and Paris Hilton were among those who attended the premiere of "This Is It" in Los Angeles. The film shows pop icon Michael Jackson in the weeks before he died rehearsing Read More...
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Eight-time grand slam winner Andre Agassi has admitted he failed a drugs test but escaped a ban by lying to tennis authorities. The American has revealed in his new autobiography he took crystal methamphetamine but persuaded the Association of Tennis Read More...
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The $787 billion stimulus package passed in January is credited with saving or creating 388,000 jobs in 33 states, reports from individual states show. A federal report compiling data from all 50 states is due Friday, USA Today reported Wednesday.... Read More...
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The trusted magazine Consumer Reports heaped praise Tuesday on Ford Motor Co.(NYSE:F), which continues to gain momentum in the face of the global recession. "Ford is the only domestic automaker that's producing vehicles with world-class reliability," Read More...
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Credit card giant Visa Inc. reported late Tuesday a strong fourth quarter in fiscal 2008-2009 in figures which beat most analysts' projections and signalled a possible recovery in consumer spending. San Francisco, California-based Visa said its net income Read More...
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Officials say parts that fell from the San Francisco-Oakland Bay Bridge Tuesday were from a section of the span that had undergone emergency repairs last month. The California Highway Patrol said Tuesday night the bridge was closed in both directions Read More...
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Chinese group Geely is the "preferred bidder" for Volvo Cars the Swedish subsidiary of Ford, the US automotive giant said Wednesday. Ford's statement issued at its US headquarters in Dearborn, Michigan, confirmed speculation that Geely was the frontrunner Read More...
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Southwest Airlines is offering a sale through Thursday with one-way fares as low as $25 between Tampa and Fort Lauderdale; $50 between Tampa and Birmingham, Ala.; $75 between Tampa and Philadelphia; and $100 between Tampa and Boston.... Read More...
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LOS ANGELES (UPI) -- Ellen DeGeneres, Eva Longoria Parker and Kobe Bryant have been booked for the premiere of George Lopez's new U.S. chat show, TBS said Tuesday. The late-night series is slated to debut Nov.... Read More...
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NEW YORK (UPI) -- U.S. markets were flat Tuesday despite positive news on housing prices in a closely-watched private index. The Standard & Poor's Case-Shiller 20-city composite index said home prices rose 1.2 percent from July to August, although prices Read More...
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The price of homes in 20 major U.S. cities posted an average rise of 1.2 percent in August, the fourth consecutive monthly gain, according to a monthly housing report released Tuesday.... Read More...
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DETROIT/NEW YORK (dpa) -- The car industry has defied the sales slump and put on an optimistic face, booking up all exhibit space at Detroit's traditional Auto Show in January, the organizer said Tuesday.... Read More...
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President Barack Obama dashed from a Navy hangar in Jacksonville to a swanky Miami Beach hotel Monday to buff his image in a recession-weary state and bag $1.5 million to defend the Democratic majority in Congress.... Read More...
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CAPE CANAVERAL, Fla. (UPI) -- The first test flight of NASA's Ares I-X rocket was scrubbed Tuesday because of unacceptable weather conditions at the Kennedy Space Center. The U.S. space agency's newest rocket, designed to replace NASA's aging space shuttles, Read More...
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Sorry, Sarah Palin. Nothing personal, President Obama. If politics was all the rage for costumes last Halloween, this year it's out and pop culture is in, you betcha. Palin's beehive has been replaced by "Twilight" vamps, Lady Gaga wigs, and, of course, Read More...
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The financial crisis is now more than a year old, and Americans are still angry --- angry that the economy tanked, angry that they're out of work. But mostly, people seem outraged by Wall Street bonuses .... Read More...
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As the largest bank in the 16-member euro zone, Spain's Banco Santander (STD) has fared pretty well during the recession. Tough domestic regulation forced the Madrid-based giant to steer clear of toxic financial assets, and the bank mostly avoided excess Read More...
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WASHINGTON (dpa) - Consumer confidence plunged in October as more job losses overshadowed signs that the country has pulled out of recession, a private research group said Tuesday. The New York-based Conference Board's index stood at 47.7 in October, Read More...
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NEW YORK (UPI) -- A former American International Group chairman is building his second U.S. insurance empire with the help of former AIG executives, an insurance expert said.... Read More...
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RICHMOND, Calif. (UPI) -- Police in Richmond, Calif., said Monday about a dozen people witnessed a gang rape of a 15-year-old girl but none of the witnesses reported the crime. A suspect was in custody and police were looking for others Monday in the Read More...
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LAKE BUENA VISTA, Fla. (UPI) -- Characters from the upcoming animated feature film " The Princess and the Frog " are already greeting guests at Florida's Magic Kingdom, The Walt Disney Co. says.... Read More...
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LARAMIE, Wyo. (UPI) -- U.S. scientists have analyzed the sticky substance in spider webs and say their findings might lead to development of a new generation of bio-based adhesives. The University of Wyoming researchers say their findings are an advance Read More...
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U.S. automaker General Motors Co. received a 2.6-million federal grant on Monday to develop technology that will let the automaker convert waste heat from car engines into electricity, and boost vehicle efficiency.... Read More...
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With a majority of workers at three UAW locals now opposing a modified cost-saving labor contract with Ford Motor Co.(NYSE:F) -- and just two locals voting to support the deal -- the deal faces an uncertain fate.... Read More...
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U.S. authorities said they are seeking to solve future financial crises by allowing the government to unwind disruptive companies without taxpayer assistance. It appears an oxymoron to suggest the government would step in absent any taxpayer funding, Read More...
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The healthcare reform bills by five committees of the U.S. Congress have many items in common, a report by a health advocacy group says. The report, "The Comprehensive Congressional Health Reform Bills of 2009: A Look at Health Insurance, Delivery System Read More...
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A deal to reopen a former General Motors Co.(GM) plant in Wilmington, Del., as a factory producing electric vehicles is in the works, the White House said. Vice President Joe Biden was to travel to his home state Tuesday to announce that Fisker Automotive Read More...
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The 2009-10 NBA season begins Tuesday with the defending champion Los Angeles Lakers playing in one of four opening-night games. The Lakers are at home against the Los Angeles Clippers, Boston is at Cleveland, Washington is at Dallas and Houston at Portland... Read More...
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Thousands of illegal immigrants have been flown to Mexico under a plan to reduce migrant deaths in Arizona and discourage repeat crossings, authorities said. The Mexican Interior Repatriation Program, now in its sixth year, flew 10,560 people to Mexico Read More...
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Improved numbers at Ford Motor Co.(NYSE:F) have not gone unnoticed by U.S. union workers, some of whom say they will vote against a contract asking for concessions. The company's 41,000 United Auto Worker members are voting through the week on a contract Read More...
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WASHINGTON (UPI) -- AFL-CIO President Rich Trumka warned U.S. Senate Democratic leaders against including a tax on high-cost healthcare plans, calling it "bad policy." Trumka said working families already having difficulty paying for health insurance Read More...
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UFC Heavyweight Champ Brock Lesnar has pulled out of his scheduled Nov. 21 title defense against Shane Corwin, UFC president Dana White announced on Monday.... Read More...
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NEW YORK (Xinhua via COMTEX) -- U.S. stocks fell on Monday, as commodities prices were pressured by a rising dollar and financial shares tumbled. Shares erased early gains and turned negative as a drop in oil prices sent energy and basic material shares Read More...
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Work-at-home jobs sound appealing: no commuting, no dressing up for work, being your own boss. And, according to the e-mail advertisements going around, these jobs offer good pay without requiring new training -- or much actual work, for that matter... Read More...
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Something big is shaking at Urbanspoon, the Seattle company behind a hugely successful iPhone restaurant-finding application. The company is launching a reservation service called "Rez" that adds a new dimension to its eponymous app and Web service... Read More...
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NEW YORK (dpa) - The U.S. telecommunications firm Verizon, the country's second largest, reported Monday that net income had dropped 9.8 percent compared to the third quarter of 2008 to $2.89 billion.... Read More...
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NEW YORK (dpa) -- More than 46 percent of big corporations in the 30 countries of the Organization for Economic Cooperation and Development (OECD) have no women at the top decision-making levels, a UN survey said Monday.... Read More...
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A Web site aimed at giving minority-owned businesses the tools they need to succeed has had a successful first several months, its CEO said today, Oct. 26. Sean Fields, chief executive for the site DaytonMinorityBiz.com, launched in May, said the site Read More...
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The real-life Hannah Montana , Miley Cyrus , is now stating that she does not have H1N1, otherwise known as swine flu, according to KTLA.com.... Read More...
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A growing number of Americans who are 50 to 64 are losing their health insurance, casualties of rising unemployment and the increasing number of businesses that can't afford to cover their workers. The AARP estimates more than 7 million people in this Read More...
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Miami Media, the owner of Latin Trade magazine, LatinTrade.com and the BRAVO Business Awards, said Monday it has acquired Latin Business Chronicle, an online publication specializing in Latin American business news.... Read More...
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If you were duped into thinking that Baby Einstein videos were helping your baby's brain, you can now get your money back. Three years after Walt Disney Co. stopped claiming the videos were educational for children under 2, it has announced it is offering Read More...
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HIDALGO -- Communities in Mexico and the United States that are in the same time zone are out of sync again -- but only for this week. Mexico fell back from Daylight Saving Time to Standard Time on Sunday, one week earlier than in the United States... Read More...
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WASHINGTON (dpa) -- U.S. newspapers have continued to suffer major losses over the last six months, posting a more than 10 percent drop compared to last year, according to industry figures released Monday.... Read More...
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More than half of all U.S. businesses are based at home. These companies often are dismissed as quaint hobbyist ventures, but new research suggests that's a mistake. An estimated 6.6 million home-based enterprises provide at least half of their owners' Read More...
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WILTON, Conn. (UPI) -- ESPN has fired baseball analyst Steve Phillips , the U.S. sports cable channel said Sunday, days after his affair with an ESPN employee became public.... Read More...
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While international rivals are swimming in red ink, Hyundai Motor is on a roll. A day after the South Korean company posted a record quarterly profit, investors pushed the automaker's stock 6.3% higher, extending year-to-date gains to a dizzying 177%... Read More...
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Ford Motor Co. (NYSE:F), like all automakers, is hoping for a rebound in consumer confidence to jump-start sales that stalled after the federal Cash for Clunkers program ended. Ken Czubay, a top Ford executive, said he expects a steady, not dramatic, Read More...
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Dutch financial giant ING Group is to separate its insurance and investment management branches from its banking division, the company announced in a statement Monday. By 2013, ING is to divest all its insurance and investment management operations as Read More...
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Senior White House officials said Rep. Barney Frank, D-Mass., would introduce a bill to allow the government to seize troubled U.S. non-bank firms. The bill addresses a key debate that emerged during the financial crisis: How to manage companies deemed Read More...
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U.S. President Obama's goal of making patients' medical records digital has split the medical community on the plans' effectiveness and safety, officials say. As part of Obama's February stimulus package, doctors and hospitals can receive millions of Read More...
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U.S. President Barack Obama has signed a proclamation naming the H1N1 influenza outbreak a national emergency, the White House said Saturday. The White House confirmed in a release Obama signed the proclamation Friday night, paving the way for medical Read More...
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"Paranormal Activity" and "Where the Wild Things Are" swapped spots in the movie box office rankings this weekend, Box Office Mojo said. "Paranormal Activity" took over at No. 1 by pulling in an estimated $22 million in ticket sales, while "Wild Things" Read More...
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U.S. President Barack Obama addresses the troops, both military and the Democratic party faithful, during a trip to Florida. Obama was to meet with personnel for the U.S. Navy and U.S. Marine Corps in Jacksonville then travel to Miami to a fundraising Read More...
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Former U.S. Vice President *** Cheney doesn't have "any credibility left" with the American people, a senior Democrat said Sunday. Sen. Carl Levin, D-Mich., attacking comments made by Cheney this week that President Barack Obama is "dithering" and "seems Read More...
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Matchup: Michigan 5-2, 1-2 Big Ten; No. 13 Penn State 6-1, 2-1 --Kickoff: 3:30 p.m., Michigan Stadium, Ann Arbor. --TV/radio: ABC; WOMC-FM (104.3), CKLW-AM (800), WTKA-AM (1050). --Line: Penn State by 4 1/2.... Read More...
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U.S. President Barack Obama said Saturday his administration will make it easier for small businesses to get credit they need to grow and create new jobs. In his weekly radio and Internet address, Obama noted ... Read More...
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Michelle Obama, wife of U.S. President Barack Obama, said during an appearance on "The Jay Leno Show," she can't stand losing to her husband in tennis. Appearing on the NBC prime time talk show via satellite from the White House Friday, the first lady Read More...
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While many families get an updated photo as the holiday season approaches, few are so lucky as the First Family. President Barack Obama, First Lady Michelle Obama, and their two girls, Sasha and Malia, had the privilege of sitting in front of the discriminating, Read More...
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MUMBAI/BANGALORE, India -- Indian IT vendors are gearing up for significant business opportunities in IT consulting, systems integration and infrastructure management as their clients look to migrate from older operating systems (OS) to the latest version Read More...
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A woman publicly identified as the informant in the Galleon hedge fund insider trading scandal was convicted in 2002 of leaking proprietary information about Intel to a Galleon representative. The woman, Roomy Khan, pleaded guilty in San Jose federal Read More...
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NEW YORK (UPI) -- U.S. markets turned shaky Friday, falling with a reversal of fortune, stocks down and the dollar up to close out the week. Reports by McDonalds and 3M boosted stocks Thursday. But markets turned lower Friday, with technology stock mostly Read More...
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A fire erupted Friday morning at a fuel storage facility in San Juan, Puerto Rico.... Read More...
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WASHINGTON (UPI) -- Proposed legislation to overhaul the U.S. Food and Drug Administration is vital but needs more money to make it work, the agency's head said. "We are concerned that the bill does not provide a guaranteed consistent funding source to Read More...
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Based on an upbeat outlook Thursday from Amazon.com , it appears the upcoming holiday sales season could be good to at least one Internet retailer. Shares of Amazon surged above $100 after the Seattle company reported a 68 percent increase in its third-quarter Read More...
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SAN FRANCISCO (dpa) -- Microsoft announced an 18 percent drop in quarterly profits Friday, but the software giant's results easily beat Wall Street estimates and sent the company's stock higher by 10 percent in morning trading.... Read More...
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MINNEAPOLIS, Mich. (UPI) -- Minnesota dentists urge Halloween candy buyers to steer clear of tooth-enamel-eroding "sour candy." Members of the Minnesota Dental Association say acids in hard and gummy candies that promise an "extreme" sour taste or a sweet Read More...
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WASHINGTON (UPI) -- Sales of existing U.S. homes jumped 9.4 percent in September, the fifth rise in six months , the National Association of Realtors said Friday.... Read More...
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SAN JOSE, Calif. (UPI) -- Two engineers in California went on trial this week on charges they were economic spies for the Chinese government. Lan Lee, 44, and Yuefei Ge, 36, allegedly stole trade secrets from NetLogic Microsystems in Mountain View, Calif., Read More...
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The U.S. Senate, on a 68-29 vote Thursday, approved language that would add federal penalties for attacks on gays and lesbians. The language, part of a conference committee report on the Pentagon budget, would broaden the current definition of federal Read More...
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Got the Econoline Blues? Need a cheap, roomy van to haul your indie band's gear from one college town to the next? Your plumbing company's profits circling the drain as gasoline prices rise? You're a handyman who needs a handy van? Ford's (NYSE:F) ready Read More...
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The giant credit firm American Express (NYSE:AXP) Thursday said its profits had fallen 22 per cent in the third quarter to 632 million dollars compared to the same period last year. But cost-cutting moves and the first signs of economic recovery slowed Read More...
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United Parcel Service Inc, (UPS) the world's largest package-delivery company, said Thursday that third-quarter profit fell 43 per cent compared to the same period last year. The recession has depressed demand for in-country shipments, bringing net income Read More...
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A House panel has approved the formation of a regulatory agency whose mission would be to protect U.S. consumers from corrupt or predatory financial practices. Members of the House Financial Services Committee voted mostly along partly lines Thursday, Read More...
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Bono and the boys are good for business -- and the upshot extends well beyond record companies and promoters. With Irish rock quartet U2 set to play to 96,000 people at the Rose Bowl on Sunday, business in the city, and even further east, is rattling Read More...
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Earlier today, cigarette manufacturer and marketer Philip Morris International Inc. (PM) reported better-than-expected third-quarter results, benefiting from price increases in some markets. Earnings per share came in at 93 cents, 3 cents above the Zacks Read More...
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Merck's (MRK) earnings for the third quarter came in at 90 cents per share, which was ahead of the Zacks Consensus Estimate of 82 cents, driven by continued growth of its key products and strict cost management.... Read More...
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3M Company (MMM) reported third-quarter earnings of $1.35 per share on sales of $6.2 billion, with operating income margins of 23.9%. This was higher than the Zacks Consensus Estimate of $1.17 per share.... Read More...
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It's off to New England for President Obama to discuss cutting-edge energy technology at the Massachusetts Institute of Technology, the White House said. Obama was to challenge Americans to take the lead globally in clean energy and highlight investments Read More...
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BRUSSELS (dpa) - The European Union on Friday approved the takeover by US pharmaceuticals giant Merck of US healthcare company Schering-Plough, ruling that it would not harm consumers in Europe. The European Commission, the EU's executive, had been concerned Read More...
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NEW YORK (UPI) -- New York's governor has announced the state is scrapping a mandate that all health workers be vaccinated for both the swine and seasonal flu by Nov. 30. Gov. David Paterson says the reason for the policy change is a shortage of H1N1 Read More...
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WASHINGTON (UPI) -- A 44-month U.S. investigation of a violent Mexican drug cartel has led to almost 1,200 arrests, and the seizure of drugs and money, officials said Thursday. Attorney General Eric Holder announced Project Coronado at a news conference Read More...
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CHICAGO (UPI) -- U.S. planemaker Boeing Co. is seeking a no-strike clause with union machinists, while machinists seek guaranteed work, a source close to the talks said. Company spokesman Tim Healy said, "we will honor a mutual agreement," to keep the Read More...
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WASHINGTON (UPI) -- A U.S. House committee Thursday gave its blessing -- largely along party lines -- to the creation of a new Consumer Financial Protection Agency. The House Financial Service Committee, on a 39-29 vote, passed the bill that would create Read More...
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ESPN baseball analyst Steve Phillips has taken a leave of absence in the wake of an affair with a production assistant that turned ugly when the woman allegedly harassed his family after the two broke up.... Read More...
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NEW YORK (UPI) -- U.S. markets found their footing midday Thursday and made gains a day after the Federal Reserve's Beige Book report deflated a rally with a dour outlook. The Fed report said consumer spending remained weak, while employment remained Read More...
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SACRAMENTO (UPI) -- A new California state law that allows publishers of paparazzi works to be sued for recordings obtained illegally could result in lawsuits, experts say. The Sacramento (Calif.) Bee said Thursday the law signed by California Gov... Read More...
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WASHINGTON (UPI) -- First-time claims for U.S. unemployment insurance benefits rose by 11,000 during the week ending Oct. 17, the U.S. Department of Labor reported Thursday. The 531,000 initial benefits claims contributed to a four-week rolling average Read More...
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Fall is a great time to buy a new car. The end of the year is fast approaching and 2010 models are increasingly hitting the dealer lots, prompting automakers to offer tempting incentives on 2009 models still in stock.... Read More...
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As the 2009 model year comes to a close in October, we're witnessing more cash incentives from manufactures than we've seen in a long time. While the incentives are generous, they are also elusive for two reasons.... Read More...
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Volkswagen is one of those brands that enjoys a cult following. Everybody knows the Beetle – it was the best-selling vehicle of all-time, after all. VW has come a long way since those simple days of the Beetle and the Microbus, having developed a wide Read More...
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Nokia , the Finland-based mobile telecommunications giant, today announced that it has filed a patent infringement suit against Apple.... Read More...
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Hispanic children diagnosed with brain tumors get high-quality treatment at hospitals that specialize in neurosurgery far less often than other children with the same condition, potentially compromising their immediate prognosis and long-term survival, Read More...
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Final passage of the American Energy and Security Act this year would provide tens of thousands of new jobs for urban blacks and Hispanics in vibrant new technologies like solar and wind power that will help the U.S.... Read More...
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WASHINGTON (dpa) - A key gauge of U.S. economic health has climbed at its sharpest six-month rate in a quarter-century, a strong sign that the world's largest economy is on the road to recovery, a private research group said Thursday.... Read More...
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SEOUL (dpa) - South Korean automaker Hyundai Motor Co said Thursday that its net profit for the third quarter had more than tripled and hit a record. Its profit rose to 979.1 billion won ($827 million) from 264.8 billion won in the same period last year, Read More...
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A new poll indicates that nearly three-quarters of Americans are not happy with the national state of illegal immigration. Released this morning, the CNN/Opinion Research Corporation survey concluded that 73% of American favor a drop in the number of Read More...
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Susan Boyle's pending release, " I Dreamed a Dream ," is already setting breaking barriers. The CD, due out November 23, has set Amazon.com's record for the most pre-orders in the online retailing giant's history.... Read More...
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Ford Motor Co. (NYSE:F) sold 119,338 vehicles in China in the third quarter of 2009, with a 79% soar year on year, and total sales volume of its Focus passenger vehicles rocketed 107% in September alone.... Read More...
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As part of its efforts to stimulate economic recovery, the Obama Administration announced on Oct. 21 a new set of initiatives to help spur lending to small businesses. President Obama headed to Landover, Md., to make the announcement on the premises of Read More...
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Windows Vista may have driven Sandra Lew straight into Apple's arms. There's a chance Windows 7 could win her back. "My last laptop had Vista, and it was a terrible experience," said Lew, a 28-year-old marketing specialist who was shopping for a new computer Read More...
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When Shane Victorino caught Ronnie Belliard's fly ball before running toward the infield at 11:47 last night, these Phillies delivered their 127-year-old franchise to an unprecedented moment: a second consecutive World Series appearance.... Read More...
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A bill enabling survivors of U S. citizens to get green cards even if the death occurred within two years of marriage is awaiting President Obama's signature. The bill halts the "widow penalty," which required that spouses be married for two years before Read More...
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U.S. software giant Microsoft Corp. said it had formed partnerships with two social networking Web sites, Twitter and Facebook. The deal with Tweeter gives users the ability to search Twitter's real-time information feed directly in Microsoft's search Read More...
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China's economy in the third quarter, aided by huge stimulus measures, grew 8.9 percent from the same period of last year, the government said Thursday. Buoyed by third quarter numbers, Li Xiaochao, spokesman for the National Bureau of Statistics which Read More...
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Medical care for U.S. veterans took center stage Thursday at the White House, with President Barack Obama prepared to sign legislation on its funding. Obama was to sign into law the Veterans Healthcare Budget Reform and Transparency Act, which guarantees Read More...
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WASHINGTON (dpa) -- President Barack Obama's administration plans to force a drastic cut-back in salaries at companies that have accepted massive government bail-outs, U.S. media reported Wednesday. ... Read More...
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NEW YORK (UPI) -- U.S. markets turned sharply lower Wednesday after the Federal Reserve sounded a cautious note in its Beige Book report. The central bank's report said the economy showed signs of improvement but consumer spending and employment "remained Read More...
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NEW YORK (UPI) -- Nickelodeon says it has acquired the global rights to the "Teenage Mutant Ninja Turtles" from The Mirage Group and 4Kids Entertainment, Inc. The acquisition provides Nickelodeon with the global intellectual property rights to the hit Read More...
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NEW YORK (dpa) - A new civil case against Bernard Madoff , the convicted Wall Street fraudster, charges that two major US banks abetted him in his $65 billion Ponzi scheme and that the stolen money was used for drugs and wild parties.... Read More...
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While it's common for hospitals to see a revenue boost at the onset of seasonal influenza season, the additional threat of cases from the H1N1 swine flu virus could complicate this fall's and winter's financial picture for such health facilities.... Read More...
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SAN FRANCISCO (dpa) - Web search giant Google is planning to extend its empire to the musical arena and will launch a new music service next week, several technology sites reported Wednesday.... Read More...
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Adam Lambert's "Time For Miracles" is now available via MySpace. Lambert, the star of the 2009 season of American Idol, walks through an apocalyptic scene during the video.... Read More...
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For credit unions in the United States, offering services to Latino immigrants is not only an attractive alternative but also an essential strategy for the growth of those financial institutions, experts say.... Read More...
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Utopia as defined by St. Thomas More may not be within our immediate grasp, but a version of paradise is as close as your computer, your broadband Internet connection and a Wi-Fi router. Streaming Internet radio, to which your own computer-based music Read More...
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A murky economy has local job seekers using any and all tools at their disposal to find employment and get an edge over the competition. Online social networks such as Facebook, Twitter, MySpace and LinkedIn have meant salvation for a growing number of Read More...
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WASHINGTON -- As Congress prepares to consider historic changes to the nation's health care system, Democratic leaders are balking at supporting a change in the rules that would let the public see the bills' texts 72 hours before a vote.... Read More...
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There are plenty of luxury cars and shiny SUVs parked in Yosemite National Park, but it's no surprise to federal officials that the humble minivan is the vehicle of choice for bears who want a midnight snack.... Read More...
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The former head of the Obama administration's auto task force defends the aggressive push of General Motors Corp. and Chrysler Group through bankruptcy court, saying the companies might have liquidated, costing tens of thousands of jobs, if a reluctant Read More...
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Because health insurance and employment go together, this year's devastating job losses have likely increased the ranks of the uninsured by four million people, including nearly 200,000 in Pennsylvania and New Jersey.... Read More...
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Soledad O'Brien's wide-angle look at the Latino experience, and a companion piece to CNN's recent "Black in America." The United States has 51 million Latinos, or the largest population in the world outside of Mexico.... Read More...
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Federal officials said they thwarted plans to launch terrorist attacks inside and beyond the United States Wednesday with the arrest of a Massachusetts man. Officials said one man was in custody and two others were implicated in the plots, The Boston Read More...
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The auto industry, AIG and other struggling recipients of the government's $700 billion Wall Street bailout will make it "extremely unlikely" that taxpayers will receive a full return on their investments, says a new report by the Treasury Department's Read More...
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U.S. President Barack Obama turned his attention to small businesses Wednesday as he planned to announce measures that would help increase credit. Obama was to announce the actions while visiting a small business in suburban Maryland, the White House Read More...
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Galleon Group Tuesday reassured clients the New York firm was solvent despite its founder's arrest on insider trading charges. Raj Rajaratnam and five others were arrested for making illegal trades on companies like Google, Akamai and Hilton over nearly Read More...
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Wall Street traded mixed in early trading Wednesday, after Boeing Co.(BA) posted a wider-than-estimated loss and big banks' earnings beat estimates. Boeing Co., the world's second-largest commercial-plane builder, slid after reporting charges of 3.5 billion Read More...
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Senate Democratic leaders, pressed by the party's liberal wing, are considering reviving a public option in the U.S. healthcare reform bill, lawmakers said. The Senate Finance Committee bill doesn't include a government health insurance plan.... Read More...
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Yahoo reported a huge increase in profit Tuesday on revenue that sagged significantly from last year. The Sunnyvale Internet portal said its third-quarter revenue was $1.575 billion, down 12 percent from 2008, but slightly higher than the second quarter Read More...
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US aerospace giant Boeing (NYSE:BA) reported Wednesday it lost almost 1.6 billion dollars in the third quarter of 2009 amid heavy costs related to production problems, with the company drastically lowering its 2009 profit target.... Read More...
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Sun Microsystems (JAVA) is to axe 3,000 workers, claiming the firings were caused by a delay in its purchase by Oracle due to a review by EU anti-monopoly regulators. The layoffs were outlined in a filing by the company to the Securities and Exchange Read More...
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Stung by a shrinking economy, local food retailers are using technology to draw diners. There are varying degrees to this trend. Some struggle to engage customers via Twitter and Facebook. Others, who are more tech savvy, create tools for the smaller Read More...
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Three years into Juan Pablo Montoya's closely scrutinized NASCAR experiment, the Colombian speedster is back in the place he knows best: Miami Montoya, who calls Miami home, not only has qualified for the Sprint Cup Series' Chase for the Cup, he has a Read More...
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WASHINGTON (UPI) -- Reduced state spending and diminished endowment funds are making for higher college tuition for students this year, figures indicate. A College Board report released Tuesday indicated four-year U.S.... Read More...
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Hundreds of local and national Hispanic leaders are expected to gather in Albuquerque, New Mexico during the first week of November to celebrate the accomplishments of women.... Read More...
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SAN FRANCISCO (dpa) -- Apple announced a slate of new computers and peripherals Tuesday, a day after it posted strong quarterly results and two days before Microsoft launches a new operating system, Windows 7 .... Read More...
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In its quest to infuse NASCAR with a more multicultural image, Drive for Diversity is getting a new look, too. The program, which will conclude its two-day annual driver combine today in Radford, Va., with 30 candidates vying to fill 10 spots in the 2010 Read More...
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NEW YORK (Xinhua) -- Wall Street moved lower on Tuesday, as housing starts trailed economists' estimates, overshadowing better-than-estimated earnings. The U.S. Commerce Department reported that housing starts rose 0.5 percent to an annual rate of 590,000 Read More...
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PRINCETON, N.J. (UPI) -- Four in five U.S. adults say they believe it is important that President Obama includes health reform in plans to address the economy, a survey indicates. The Robert Wood Johnson Foundation Health Care Consumer Confidence Index Read More...
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California sued financial powerhouse State Street Bank and Trust on charges that it's been overcharging the state's two big public pension funds for years. The suit accused State Street, based in Boston, of defrauding CalPERS and CalSTRS by $56.6 million... Read More...
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Depending on your perspective, the Oath Keepers are either strident defenders of liberty or dangerous peddlers of paranoia. In the age of town halls, talk radio and tea parties, middle ground of opinion is hard to find.... Read More...
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New York (dpa) - Soft drink giant Coca-Cola Co. reported Tuesday nearly-flat earnings in the third quarter of 2009, amid uneven performance in key markets. The worlds largest soft drink concern said net income reached $1.9 billion, up a slight 1 percent Read More...
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DALLAS (UPI) -- A U.S. emergency doctor advises parents to check and see if their child's Halloween costume's swords, knives and wands are flexible with dulled edges. Dr. Angela Gardner, president of the American College of Emergency Physicians, says Read More...
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NEW YORK (UPI via COMTEX) -- More companies, national parks and even restaurants are embracing the idea of zero waste when it comes to reducing garbage, a U.S. trash expert says. The zero waste movement means shunning polystyrene foam containers, or other Read More...
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WASHINGTON (Xinhua) -- The U.S. wholesale prices declined 0.6 percent in September, a drop that outpaced economists' expectations, the U.S. Department of Labor reported Tuesday. The drop in last month's wholesale prices, known as Producer Price Index(PPI) Read More...
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WASHINGTON (UPI) -- White House officials told Bank of America they agreed with a U.S. taxpayer rescue package to support the bank's purchase of Merrill Lynch, bank documents show. Bank of America's deal to purchase the ailing Merrill Lynch, which was Read More...
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PARIS (UPI) -- Reporters Without Borders says Iranian journalists continue to suffer under President Mahmoud Ahmadinejad's administration. Published Tuesday, the group's eighth annual Press Freedom Index focused on press freedom violations from Sept... Read More...
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WASHINGTON (UPI) -- Hard economic times will likely diminish response rates for the 2010 U.S. Census, government officials predict. The Census Bureau said Monday that mounting mistrust of government and record numbers of home foreclosures may well dissuade Read More...
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Ford Motor Co. (NYSE:F) could report a surprise third-quarter profit when it reveals its earnings next week, as well as an operating profit in its long-struggling North American division, JP Morgan analysts said Monday during a presentation to investors... Read More...
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After weeks of lethargy, AC Milan seem to have regained some lost stamina and hope to continue their new course when they visit Real Madrid on Wednesday. On Sunday, the gritty Devils rallied to a 2-1 league win over Roma, resisting the visitors' comeback Read More...
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U.S. Senate Banking Committee Chairman Chris Dodd, D-Conn., Monday unveiled legislation to rein in bank overdraft fees. Dodd, appearing in Stamford, Conn., said the Fairness and Accountability in Receiving Overdraft Coverage Act would protect Americans Read More...
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Two U.S. banks have noted a turnaround in the toxic assets that were at the heart of the financial meltdown that gained momentum a year ago. In the third quarter, Citigroup and JPMorgan Chase earned billions of dollars from assets that sat dormant on Read More...
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Many are outraged over an " Illegal Alien" costume that depicts its wearer as a space alien in a prison jumpsuit brandishing a giant "green card." Understandably, those concerned over immigrant rights see this as a swipe at the Hispanic community.... Read More...
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SAN FRANCISCO (dpa) - Apple reported higher quarterly profit and revenues Monday as customers kept buying iPhones and Macs despite the ongoing recession. The company posted sales of $9.87 billion compared to $7.9 billion in the same quarter a year ago... Read More...
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NEW YORK (UPI) -- U.S. markets rose Monday following a week in which oil prices gained more than $6 per barrel on the New York Mercantile Exchange. Oil prices soared on the strength of stock markets.... Read More...
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MIAMI (UPI) -- Cuban spies waged a "disinformation" campaign against the United States in the months after the Sept. 11, 2001, terrorist attack, a Miami newspaper says. The Spanish language El Nuevo Herald says 20 Cubans walked into U.S.... Read More...
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Although the case could be made that America has had enough of the Heenes , a.k.a. the Balloon Boy family, as of Sunday there continued to be enough media surrounding the house that a neighbor ended up in a physical altercation with a member of the fourth Read More...
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NEW YORK (dpa) - The New York Times is to slash 100 jobs in its newsroom as the largest and most prestigious newspaper in the U.S. continues to struggle with the drop in advertising and readership that is bedeviling the newspaper business.... Read More...
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Adam Lambert fans, your time has come. "Time For Miracles," has been leaked and is now widely available on the Internet.... Read More...
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A drop in the number of people looking for work sent Silicon Valley's unemployment rate down to 11.8 percent in September, raising concerns that some of them may be packing their bags and leaving town to look for jobs elsewhere.... Read More...
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WASHINGTON (dpa) - The U.S. government launched a new effort Monday to revive the country's flagging housing market, which lies at the heart of the economic crisis. The Treasury Department will offer state and local authorities new bonds and other financing Read More...
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Q. Enclosed is a magazine article from Nov. 10, 1997, about the Tokyo Motor Show and how Japan pitched hybrids while Germany pitched high-speed flash. Could this be the reason the Japanese were 10 years ahead of any manufacturer with the Prius? -V.J., Read More...
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Whitney Houston had her own wardrobe malfunction on Simon Cowell's UK reality show X Factor.... Read More...
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Balloon boy's family could be arrested as early as Wednesday. The parents of the 6-year-old boy are under investigation for allegedly masterminding a hoax that captured the nation's attention.... Read More...
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WASHINGTON -- President Barack Obama on Monday announced a carrot-and-stick strategy to try to stop the killing in Sudan, offering incentives for better behavior from the government and threatening tighter sanctions for continued oppression.... Read More...
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COLLEGE STATION -- President Barack Obama, in his first trip to Texas since the start of his presidency, urged Americans on Friday to put aside old rivalries and join together in a new spirit of "common purpose" and public service.... Read More...
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WASHINGTON (UPI) -- U.S. President Barack Obama wants, but won't demand, a public insurance option as part of healthcare reform, a top White House adviser said Sunday. "He's not demanding that it's in there; he thinks it's the best possible choice," Valerie Read More...
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Credit-card holders got relief earlier this year when Congress pushed through legislation to eliminate some of the card industry's sneakier practices. But store owners, who have similar long-standing gripes about the transaction fees they're charged by Read More...
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Before your company receives an infusion of equity capital -- whether from a venture capital firm or an angel investor -- an investigation into your operations usually takes place. The process is commonly known as due diligence, and it can be grueling Read More...
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I recently went to a trade show and placed merchandise orders for my new Web-based business. Then I got a call from one of the companies telling me that since I have an online store, they would limit me to carrying a maximum of five styles of their product Read More...
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As more people begin to purchase smartphones, they have also begun to download various applications. Games, where to eat and news applications tend to dominate the most-downloaded list, but a handful of "crime apps" are also beginning to make their way Read More...
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State higher education officials are developing a plan to address the lagging college attendance of Latinos and to close the gap within that group -- where men are behind. "Latino males are vanishing from our higher education ranks," said Victor Saenz, Read More...
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WASHINGTON (UPI) -- Doctors say the H1N1 strain of influenza, commonly known as swine flu, is more likely to get deep into the lungs than seasonal influenza. When that happens, patients tend to get viral pneumonia, The Washington Post reported.... Read More...
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LOS ANGELES (Xinhua) -- California's public pension fund has been hard hit by the current financial crisis and mismanagement, and more Californians support changing the pension system to prevent the system from being broken.... Read More...
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Watchdog organizations say it's still hard to find data on a Web site the Obama administration developed to track spending from Congress' $787 billion stimulus package, even after a Maryland company was hired for $18 million to improve it.... Read More...
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The oil price hit record high for the year Monday, topping 79 dollars a barrel. Oil climbed to 79.35 dollars in early trading Monday, amid hopes for the current third quarter corporate reporting season and cautious optimism that a pickup in the global Read More...
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The surging price of oil is a potential flaw in the economic recovery, a market adviser said. "This bull market has a lot to overcome and one of them is rising oil prices," Hugh Johnson of Johnson Illington Advisors told USA Today.... Read More...
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The calamitous rise in the U.S. unemployment rate has many businesses among its victims, but seems not to have claimed | |
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