News archive from 4 May 2011

16 million Brazilians in extreme poverty

SAO PAULO-The government says that more than 16 million Brazilians live in extreme poverty, earning the equivalent of $44 a month or less. Social Development Minister Tereza Campello told reporters on Tuesday that these Brazilians will benefit from...

 

Metals and grains drop as dollar gains

NEW YORK-Metals and grains dropped in Tuesday trading as the dollar rose against the euro and other major currencies. Silver for July delivery led the decline among metals. It settled 7.6 percent lower at $42.585 per ounce following a 5.2 percent drop...

 

Oil settles near $111 a barrel

Oil fell Tuesday because of a stronger dollar and expectations that U.S. supplies are rising. Here's how energy contracts traded. On the New York Mercantile Exchange: Crude fell $2.47 to settle at $111.05 per barrel. Gasoline lost 1.85 cents to settle...

 

Massey blames high turnover rate for bad Q1

CHARLESTON, W.Va.-The departure of miners for rival Appalachian coal companies contributed to a production shortfall of 1.2 million tons in the first quarter, Massey Energy Co. officials said Tuesday. Turnover at the struggling coal company, based in...

 

April Auto Sales: Chrysler

DETROIT-Chrysler Group LLC said its April U.S. car and truck sales rose 22 percent over the same month last year as the company's Jeep brand and its revamped midsize cars led the way. BY THE NUMBERS: Chrysler sold 117,225 vehicles in April, up from...

 

Amazon launches 'flash sale' fashion site

SEATTLE-Amazon.com Inc. on Tuesday launched MyHabit.com, a site that mimics sites such as Gilt Groupe by holding brief online "flash" sales of clothes. Sales typically last 72 hours. The site launched with clothes from Doo.ri, Badgley...

 

Kulicke & Soffa 2Q results beat analyst estimates

FORT WASHINGTON, Pa.-Chip equipment maker Kulicke & Soffa posted fiscal 2011 second-quarter results that topped Wall Street's expectations, pushing the stock up more than 15 percent Tuesday. The company also projects revenue of $255 million to...

 

US court backs NC in Alcoa dam relicensing case

RALEIGH, N.C.-A federal appeals court on Tuesday rejected an effort by an Alcoa Inc. subsidiary to speed up the federal license the company needs to operate dams on North Carolina's Yadkin River for up to 50 more years. Alcoa and North Carolina...

 

CarMax's Folliard made $5.8M in fiscal 2011

RICHMOND, Va.-Used car dealership chain CarMax Inc. gave its CEO, Tom Folliard, a pay package valued at $5.8 million for fiscal 2011, about 14 percent more than the previous year, according to an Associated Press analysis of a regulatory filing the...

 

April Auto Sales: Hyundai

FOUNTAIN VALLEY, Calif.-Hyundai Motor America said Tuesday that April U.S. auto sales rose 40 percent, helped by rising demand for its fuel-efficient Sonata and Elantra sedans. BY THE NUMBERS: Hyundai sold 61,754 vehicles in April, up from 44,023 a...

 

Which tech tools do experts use when they travel?

NEW YORK-With the busy summer vacation season quickly approaching, The Associated Press asked several travel experts about their favorite tools for travel. Needless to say, applications for Apple's iPhone and iPad were high on most lists, but there...

 

Students in hard-hit Ala. county return to school

PLEASANT GROVE, Ala.-The roads leading to Pleasant Grove Middle School are lined with toppled trees. National Guard trucks are idled in the parking lot, and tables of bottled water and food rest on the concrete nearby, unmistakable reminders of the...

 

OBL's death: A defining moment for young America?

First there were a few cheers. Then, as news that Osama bin Laden was dead beamed from TV screens around them, the crowd at a campus bar erupted. For once, Alyssa Pupino thought, she was in the right place at the right time. "I really don't think...

 

AP: Ohio senator eyes $2.9B in university assets

COLUMBUS, Ohio-Ohio's public colleges and universities have combined cash reserves nearing $3 billion, a figure that's raising new questions about their requests for tuition increases and state aid. Ohio State University leads the pack with $1.2...

 

Obama honors national teacher of the year

WASHINGTON-President Barack Obama is honoring Michelle Shearer of Maryland as the 2011 National Teacher of the Year. Shearer teaches chemistry at Urbana High School in Frederick, Md. In a Rose Garden ceremony, Obama says Shearer represents all...

 

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