Vilsack says Ag Dept will work to resolve lingering discrimination lawsuit by Indian farmers. The Obama administration intends to seek resolution to a lawsuit filed by American Indian farmers who alleged discrimination in the granting of federal agricultural loans over three decades.
NEW YORK (Reuters) - Computer maker Sun Microsystems Inc <JAVA.O> suffered a 25 percent fall in quarterly revenue, as uncertainty over its delayed sale to Oracle Corp <ORCL.O> hurt its business.
Former New Orleans technology chief, wife, former vendor indicted on bribery and fraud charges. A federal grand jury on Friday indicted former New Orleans technology chief Greg Meffert, his wife and a one-time city vendor in an alleged kickback scheme involving contracts for the city's crime surveillance program.
Defense attacks government's case at trial of 2 ex-Bear Stearns hedge fund managers. Two former Bear Stearns hedge fund managers charged with lying to investors always were honest about the risks of investing in securities linked to the volatile subprime mortgage market, a defense lawyer told a jury on Friday.
Rosetta Resources swings to 3Q profit despite plunge in revenue on lower prices. Rosetta Resources Inc. said Friday its revenue fell by nearly half due to lower natural gas prices.
U.S. stocks edge higher Friday, shrugging off a 10.2% unemployment rate, while gold stocks gave a boost to Bay Street. . Today on Stockhouse
Visual effects company Pixel Magic to open new Louisiana studio, create 40 jobs over 3 years. Pixel Magic, which creates digital visual effects for film and television, announced Friday that it will open a Louisiana studio in December.
TV tuner maker MaxLinear files for initial public offering, size & price not disclosed. MaxLinear Inc., a maker of TV tuners, is planning to go public.
Lockheed Martin receives $143.2 million Air Force contract for electronics upgrades for C-5. Lockheed Martin Corp. received a $143.2 million contract from the Air Force for electronics upgrades for the C-5 aircraft, the Pentagon said late Friday.
IBM offers to swap higher-interest debt for lower-rate obligations, plus cash. IBM Corp. on Friday made an offer to certain debt holders to swap their long-term debt with bonds carrying a lower interest rate plus cash in a move to save money and bolster its balance sheet.
Minnesota Gov. Pawlenty postpones Mexico trade trip, says president has schedule conflict. Minnesota Gov. Tim Pawlenty is postponing a brief trade trip to Mexico, saying that President Felipe Calderon has a scheduling conflict.
Detroit man charged in theft of nearly $1M from city of River Rouge prescription drug plan. A Detroit man has been charged in the theft of nearly $1 million in money intended for employee prescription drug coverage in the city of River Rouge.
Jobless in RI can now get benefits up to 99 weeks; new stimulus bill adds 20 weeks to benefit. Unemployed Rhode Islanders can now collect jobless benefits for up to 99 weeks.
GOP candidates for Ill. governor would opt out of national health care plan; Dems wouldn't. Candidates for Illinois governor are split over a national health care plan with all but one Republican saying the state should opt out if it can, a position rejected by Democrats Pat Quinn and Dan Hynes.
House votes to strengthen security at chemical, water facilities. The House approved legislation Friday aimed at making chemical and water treatment facilities less vulnerable to terrorist attack.
There was a surprise ?result? for some shareholders Friday, while a wireless play ?hopped? sharply higher on a takeover agreement. . Stockhouse Canadian Small and Micro-cap Stock Report for Friday, November 6, 2009
One Liberty Properties posts 22 percent gain in 3rd-qtr funds from operations;. One Liberty Properties Inc. on Friday said its third-quarter funds from operations rose 22 percent as rental income rose.
Ferro closes stock offering, will use funds for restructuring, debt reduction. Ferro Corp. said Friday it completed the sale of 41.1 million shares of common stock and will use some of the proceeds for restructuring programs.
Joe Jackson seeks monthly stipend from son Michael's estate. Michael Jackson's father is seeking an allowance from his son's estate to help cover expenses that exceed $15,000 a month, according to court documents filed Friday.
Judge vacates $1.26B ruling against PepsiCo; company to defend itself in water case. A judge has tossed out a decision ? for now at least ? that could have cost PepsiCo Inc. $1.26 billion after the soft drink maker didn't respond to a lawsuit claiming it stole the idea for bottled water.
AIG, Magna, Activision Blizzard, Ormat Technologies are among big market movers Friday. The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
AIG, Magna, Activision Blizzard, Ormat Technologies are among big market movers Friday. The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
Figures on government spending and debt.
Dunkin' Donuts to launch 99-cent menu in Chicago, hand out free gift cards to draw customers. Dunkin' Donuts said Friday it will launch a new 99-cent menu at 500 Chicago locations on Monday and hand out 20,000 gift cards pre-loaded with $2 each to lure customers.
Indiana Gov. Mitch Daniels announces more spending cuts as tax collections continue to fall. Indiana Gov. Mitch Daniels announced on Friday a series of spending cuts and other steps to offset a continuing multimillion-dollar dive in state revenues.
NEW YORK (Reuters) - AIG, the giant insurer bailed out by the U.S. government, posted its second straight quarterly profit, helped by recovery in the value of its investments, but its underlying business remained weak and its shares fell.
Make me an offer: Virginia crabbers offer up licenses in bids totaling $30.4 million. One-third of Virginia's watermen have offered to sell their licenses back to the state under a buyback program intended to ease pressure on the Chesapeake Bay crab.
Dollar trades choppily as unemployment tops 10 percent, Fed expected to keep rates near zero. The safe-haven dollar got an immediate boost Friday after the government said the U.S. unemployment rate rose above 10 percent, but then gave back its gains in choppy trading as investors figured that a weak economy meant the Federal Reserve would keep interest rates at their current near-zero range for a long time.
More customers, a rate increase and cost savings help lift York Water's third-quarter profit. York Water Co., which purifies and distributes water, said Friday a higher number of customers plus a rate increase lifted its third-quarter profit by 20 percent.
How the Dow Jones industrials and other major stock indexes fared in Friday's trading. Investors added to the week's strong gains in the stock market after finding some positives in a surprisingly weak jobs report. Stock indexes posted a modest advance in light trading Friday after the Labor Department said the nation's unemployment rate topped 10 percent in October for the first time since 1983, but also that the pace of job losses slowed. The rise in joblessness, while not welcome news for the economy, reassured some investors that the Federal Reserve will have to hold interest rates low for some time.
What's in a name? A look at companies that changed names. GMAC Bank recently reinvented itself as Ally Bank. The move was a way to distance itself from its troubled parent company GMAC Financial Services, which is negotiating its third infusion of taxpayer aid.
AT&T closes delayed acquisition of Centennial, adding 879,000 wireless subscribers. AT&T Inc. said Friday that its acquisition of smaller wireless carrier Centennial Communications Corp., has closed after several delays due to the regulatory process.
Sanford lab officials say 2nd underground shaft reopened at former Homestake gold mine in SD. Crews pumping water out of the Sanford Underground Laboratory in Lead have reopened a second deep shaft that eventually will be used as the primary entrance and exit for science experiments.
West Virginia DEP uncovers potential problems at 20 coal ash dams, says 3 in poor condition. The West Virginia Department of Environmental Protection may change its policy for inspecting coal ash impoundments after a survey uncovered more problems ? and dams ? than expected.
Dollar and precious metals at a glance.
Covidien says it finished $210M acquisition of brain monitoring technology company Aspect. Drug and medical device maker Covidien PLC said Friday it completed its $210 million purchase of Aspect Medical Systems, a company that makes brain monitoring technology.
Opposite directions for energy and metals . Equity indices have turned in a relatively strong performance today. It appeared early in the day that equities had every reason to drop heading into the weekend, with a disappointing Canadian employment report (-43.2K vs. Street +10K), and the U.S. unemployment rate breaking through the 10.0% level to 10.2%, and yesterday?s rally creating profit-taking opportunities. Instead, after a brief downdraft, indices quickly bounced back, indicating strong underlying support apparently based on long-term recovery anticipation.
Michigan regulator seeks more info on rocky outcrop before deciding on proposed mine permits. Michigan's chief environmental regulator wants more information about a rocky outcrop in Marquette County that could affect plans for a nickel and copper mine.
Amazon shares jump after Bernstein analyst upgrades stoc, sees faster sales growth in 2010. Shares of Amazon.com Inc. got a boost Friday after a Bernstein Research analyst upgraded the Seattle-based online retailer, expecting faster revenue growth in 2010.
Brookfield Asset Management declares dividend of 13 cents, payable Feb. 28. Brookfield Asset Management on Friday said its board declared a dividend of 13 cents.
Brookfield Asset Management posts 35 percent drop in 3rd-quarter profit. Brookfield Asset Management Inc. on Friday said its third-quarter profit fell 35 percent, as revenue declined, expenses rose and the company booked a charge of more than $192 million as the value of assets declined amid the weak economy.
US Rep. Minnick from Idaho vows to vote against House version of health care reform bill. U.S. Rep. Walt Minnick says he intends to vote against the health care reform bill coming up for a vote in the U.S. House.
With the nation aging quickly, safe, efficient transportation for seniors a major priority. When senior citizens finally surrender the car keys, they don't have to lose their independence.
Mirant reports 97 pct plunge in 3rd-qtr earnings, cuts 2009 estimates. Mirant Corp. on Friday posted a 97 percent plunge in its third-quarter profit ? driven mainly by one-time hedging losses ? and lowered its 2009 adjusted earnings before interest, taxes, depreciation and amortization.
Officials: Gunman apprehended after killing 1, injuring 5 others at Orlando office building. A gunman opened fire Friday in the offices of an engineering firm where he was let go more than two years ago, authorities said, killing one person and injuring five others.
Electronic Arts 2nd-quarter results could outpace expectations even amid industry slump. Video game publisher Electronic Arts Inc. reports earnings for its fiscal second quarter, which ended in September, on Monday after the market closes. The following is a summary of key developments and analyst opinion related to the period.
Wheat, corn, oats, soybeans slide on the Chicago Board of Trade; beef futures fall, pork mixed.
PriceSmart fiscal 4Q earnings decline as operating expenses rise 5 percent. PriceSmart Inc., which runs warehouse-shopping clubs, said Friday its fourth-quarter profit declined 9 percent as an increase in operating expenses hurt its bottom line.
Mass. receives nearly $2 million in stimulus funds for broadband mapping. Massachusetts has received about $2 million in federal stimulus funding to help identify the speed and location of broadband services in the state over the next five years.
