News archive from 25 August 2011

Phoenix-area power usage nearing record level

Wednesday could pass an all-time record for peak power usage in the Phoenix area, according to the region's two major power companies. This week's above-average August temperatures are driving the demand. August heat rewriting the records | More...

 

WTC memorial guide of names debuts as iPhone app

NEW YORK-The arrangement of nearly 3,000 names at the World Trade Center memorial is now available as a free iPhone app. The guide to the names was placed online in May. It will be available on electronic kiosks when the memorial opens next month, on...

 

Facebook to let users pre-approve photo tags

SAN FRANCISCO-Drunken revelers rejoice: Facebook will now let you decide whether your friends can attach your name to a photo before it is circulated. Currently, your friends can add your name to a photo on Facebook without your consent or knowledge....

 

Sector Snap: Hardline retailers

NEW YORK-Hardline retailers -- specialty chains selling housewares, hardware, auto parts, electronics, sporting goods, health and beauty products or toys -- are seeing mixed results as many see inventory grow from earlier in the year, analyst Bradley...

 

Switzerland, Britain agree deal on tax evasion

GENEVA-Swiss banks will have to pay 500 million Swiss francs ($630 million; 385 million pounds) to Britain as part of an agreement to end tax evasion, the Swiss government said Wednesday. Britain's treasury described the deal struck by senior...

 

Court: No 1st Amendment right to stream live games

MILWAUKEE -- A federal appeals court in Chicago has upheld the Wisconsin scholastic athletic association's right to limit who streams its games live on the Internet. Wednesday's decision could have First Amendment implications nationwide for media...

 

Ex-analyst ordered to pay $34.5M in SEC case

WASHINGTON-A federal judge has ordered a former Moody's Investors Service analyst to pay $34.5 million after he fled the country to avoid facing insider-trader charges. U.S. District Judge Jed Rakoff in Manhattan issued the order Tuesday against Deep...

 

Correction: Earns-Pacific Sunwear

ANAHEIM, Calif.-In a story Aug. 23 about Pacific Sunwear of California Inc.'s earnings announcement, The Associated Press reported erroneously that the company's stock closed at $10.71. The company's stock closed at $2.17.

 

Obama in Martha's Vineyard golf trifecta

VINEYARD HAVEN, Mass. -- President Barack Obama has once again hit the golf trifecta as he vacations on Martha's Vineyard. He arrived at Mink Meadows Golf Club on Tuesday afternoon for his fourth outing since arriving on the island Thursday evening....

 

TechBits package

NEW YORK-China hits tech milestone: PC shipments pass US SAN FRANCISCO (AP) -- China has passed an important technological milestone: It became the world's biggest consumer of PCs in the second quarter, according to new market research by IDC....

 

Group forms in opposition to Alaska tax rollback

JUNEAU, Alaska-A grassroots effort has formed in opposition to Gov. Sean Parnell's plan to slash oil production taxes in Alaska. Alaskans United to Stop Our Oil Wealth Giveaway is meant as a counterweight to the Make Alaska Competitive Coalition, a...

 

Lions' Dick Stanfel a Seniors Committee finalist for Hall of Fame

Former Lions All-Pro guard Dick Stanfel was named Wednesday a Senior Committee finalist for election into the Pro Football Hall of Game for the Class of 2012. The other Seniors Committee finalist was Steelers defensive back Jack Butler. Both Stanfel...

 

Synovis profit rises 32 percent in fiscal 3Q

ST. PAUL, Minn.-Synovis Life Technologies Inc., a maker of surgical supplies and tools, on Wednesday said its net income rose 32 percent as sales rose across its product lines. The company earned $2 million, or 17 cents per share, in its fiscal third...

 

Central Michigan suspends two defensive players

Mount Pleasant - Central Michigan has suspended two players for unspecified violations of athletics department policy. Junior defensive back Lorenzo White will sit out the season opener against South Carolina State on Sept. 1. Senior defensive end...

 

Fewer Michiganders to travel for Labor Day, AAA says

Slightly fewer Michiganders will hit the road for a Labor Day weekend trip, a AAA Michigan forecast released today predicts. About 1.2 million of us will travel 50 miles or more from home between Thursday, Sept. 1, and Monday, Sept. 5. That's down...

 

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