Tuscaloosa Times
TuscaloosaTimes.com Tuesday 9th March 2010 Volume 3/10
bullet
Front Page Breaking Business News
corner
U.S. stocks in slow motion riseU.S. stocks in slow motion rise
U.S. stocks made narrow advances Tuesday, as traders remained cautious on the...


Add to My Yahoo!
February sales up in Chinese passenger carsFebruary sales up in Chinese passenger cars
Chinese passenger car sales have climbed 55 percent from February 2009, with strong demand for smaller cars and four wheel drive...
UN says we will need much more food by 2050UN says we will need much more food by 2050
The head of the UN Food and Agriculture Organisation has warned another food price crisis might happen if record high energy prices, growing demand for bio-fuels and low grain reserves force up price...
Protests spread after Indian fuel hikeProtests spread after Indian fuel hike
The main opposition Bharatiya Janata Party in india has protested over a hike in fuel...
Toff houses best sellers in LondonToff houses best sellers in London
Land Registry sale price statistics have shown that exclusive houses in England and Wales are still maintaining their high...
Rates to rise over next six months in US
Economists in Washington have suggested the Federal Reserve will soon raise benchmark interest...
Akio Toyoda says his company will get back to US growthAkio Toyoda says his company will get back to US growth
The market for Toyota cars in North America is expected to recover in March, according to the head of the company, Akio...
Latin American growth expected to exceed 3%Latin American growth expected to exceed 3%
The Latinamerican economy could grow by 3% or more this year according to the Inter American Development...
US currency note given redesignUS currency note given redesign
The US has redesigned its hundred dollar bill to feature special security...
Air fleet building occurring at Qatar AirwaysAir fleet building occurring at Qatar Airways
Qatar Airways has doubled its fleet size over the past five...
Google will stop assisting some Internet Explorer users Google will stop assisting some Internet Explorer users
Google has warned that anyone not using Internet Explorer 8 will soon lose service through the...
US stocks gain on financial firms
Major US stock indices posted mild gains Tuesday, led by troubled financial firms bailed out by the US government in the past...
Springville Wal-Mart hit by Quick Change Robbers
See all 3 photos » Erie County Sheriff's and Crimestoppers are asking for your help tonight in trying to catch three people suspected of robbing the Wal-Mart in Springville. Take a close look...
2009 compensation for Bristol-Myers Squibb CEO Cornelius falls 22 percent amid recession
TRENTON, N.J. - The chief executive of drugmaker Bristol-Myers Squibb Co., James Cornelius, received a 2009 compensation package valued by The Associated Press at $17 million, down 22 percent from...
Court allows Pratt & Whitney to speed up appeal in case to move 1,000 jobs out of Conn.
EAST HARTFORD, Conn. - Pratt & Whitney said Tuesday a federal appeals court granted the jet engine maker's request for an expedited appeal of a lawsuit it lost as it tries to move 1,000 jobs out of...
Abbott paying $450 million for Facet Biotech
THE ASSOCIATED PRESS NEW YORK -- Abbott Laboratories says it will buy Facet Biotech for about $450 million in cash, expanding the company's access to biotechnology drugs, including a potential...
TransAtlantic Petroleum Ltd. Announces 2009 Earnings Conference Call and Edirne Operations Update
TAT ) announced today that it has scheduled a conference call for Wednesday, March 17, 2010, at 8:30 a.m. Eastern, 7:30 a.m. Central. The purpose of the conference call is to discuss results for...
Update: Microsoft researcher wins Turing Award
IDG News Service - The Association for Computing Machinery (ACM) has awarded the 2009 A.M. Turing Award to Charles P. Thacker, for his work in pioneering the networked personal computer....
Time Warner Cable Urges U.S. to Block TV Blackouts
March 9 (Bloomberg) -- Time Warner Cable Inc. plans to ask U.S. regulators to block broadcasters from cutting signals during fee disagreements, aiming to avoid disruptions such as Walt Disney...
Shrewsbury Wal-Mart plan gets hearing
to the site. The public hearing will be held at 7 p.m. at Shrewsbury City Center, 5200 Shrewsbury Ave. The 25 acres under consideration are located on the northwest side of Watson Road and west of...
Steel Dynamics issues weak 1Q earnings outlook
Steel Dynamics Inc. on Tuesday issued a first-quarter earnings outlook that mostly fell below analysts' estimates, citing weakness in its structural steel and fabrication...
Airlines say no to costly snoop tech
NEW DELHI: Eyehole versus CCTV is an age-old debate in most middle-class Indian families who want to secure their homes but are discouraged from going hi-tech because of massive difference in ...
TSX struggles despite better Scotiabank earnings
The Toronto Stock Exchange saw its second straight day of losses Tuesday as commodity prices fell slightly and better-than-expected earnings from Bank of Nova Scotia weren't enough to spark investor...
Hot Property Sex.com on Auction Block
It’s a sadly familiar story from the high-flying market of the past few years: Speculator thinks values will continue to go up, up, up. Overbids for a hot property. Can’t keep up with the...
Korn/Ferry International Swings to 3Q Profit
KFY ) reported a 5.8% rise in revenue, to $152.9 million for its fiscal third quarter, thanks to improved business. Korn/Ferry posted profits of $7.9 million, or 17 cents per share, compared with...
Anadarko to Repurchase $1B in Debt
APC ) has put out two cash tender offers for the buyback of as much as $1 billion in outstanding debt, the company reported on Tuesday. The company’s initial offer is for the buyback of all...
InterMune Shares Jump On FDA Panel Recommendation
SAN FRANCISCO -- InterMune Inc. shares jumped after a Food and Drug Administration panel recommended the agency approve the biotech's Esbriet lung treatment. InterMune is trying to get marketing...
Staples Hikes Quarterly Dividend By 9% To 9 Cents
SAN FRANCISCO -- Staples Inc. said late Tuesday its board raised the quarterly cash dividend by 9% to 9 cents from 8.25 cents a share. The dividend will be paid on April 15 to shareholders of record...
Crude Oil Falls After API Reports Inventories Gain
SAN FRANCISCO -- Crude-oil futures fell further in electronic trade late Tuesday after the American Petroleum Institute reported an unexpected rise in crude-oil stockpiles for the week ended March...
Mutual Fund Investors Still Wary Of Stocks
NEW YORK -- Ask most financial professionals and they'll tell you the same thing: Investors flee the stock market and then jump back in, but too late for their own good.The evidence of the past year...
American Eagle To Close MARTIN+OSA Brand
SAN FRANCISCO -- American Eagle Outfitters Inc. said late Tuesday it plans to close its MARTIN+OSA brand, including all 28 stores and its online operations. "Although performance improved from...
Abbott Labs To Buy Facet Biotech For $722 Million
SAN FRANCISCO -- Abbott Laboratories said late Tuesday that it will acquire Facet Biotech Corp. for $27 a share. The total purchase price of $722 million includes $272 million of Facet's cash and...
Navistar Posts Steep Profit Decline
SAN FRANCISCO -- Engine maker Navistar International on Tuesday reported a first-quarter profit of $17 million, or 23 cents a share, down from 48 million, or 67 cents a share, a year ago. Sales fell...
Mini Celebration on Wall Street
Celebrating the one-year anniversary of the end of the Great Recession's bear market, Wall Street closed slightly higher on Tuesday, adding onto the Dow's 4,000-point surge over that span. Today's...
CEO bonuses fell 22 pct in 2009: report
(Reuters) - U.S. consumer, financial and technology companies slashed bonuses for their chief executives by more than half in 2009, a leading firm that tracks pay data said on Tuesday, as companies...
U.S. to delay BAE export licenses after plea deal
BAE pleaded guilty on March 1 to conspiring to make false statements in connection with foreign arms contracts and agreed to pay a $400 million fine to settle a long-standing inquiry into its...
SEC sues ex-NY loan trader over alleged kickbacks
(Reuters) - A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the U.S....
PDAC 2010: Amy Cheng opens doors to Asia
TORONTO -- For mining companies looking to access Asian capital, Amy Cheng is one of the key people to turn to. Ms. Cheng, managing director of metals and mining at Bank of China International Ltd....
Rushed launch takes wind out of newest cellphone carrier
According to Seaboard estimates, WIND has picked up about 30,000 subscribers in Toronto, Calgary and Edmonton, the three cities it now offers services...
Canadian corporates go on a shopping spree
If corporate Canada was ever being hollowed out, it is now being filled in. For the first time in five years, the announced acquisitions of international companies by Canadian entities outstripped...
Microsoft Skips Patch for PowerPoint Add-on
Computerworld — Microsoft fixed eight flaws in Windows and Office today, but passed on patching one Windows component because it cannot be automatically...
The 4 Biggest Lies in Real Estate
Digital photos and video have been a godsend for real estate agents, homebuyers and sellers, enticing prospects to drool over images of Viking ranges, sparkling pools and lush lawns. Lately, agents...
Celebrities--and Pentagon--Call for Consumer Protection Agency
The reality TV star pokes fun at her plastic surgeries in an online video. The Department of Defense has voiced its support for a consumer watchdog unit to crack down on predatory practices by auto...
Abbott Paying $450 Million for Facet Biotech
Abbott Laboratories says it will buy Facet Biotech for about $450 million in cash, expanding the company's access to biotechnology drugs, including a potential treatment for multiple sclerosis. ...
AP Poll: Public Wants Elusive Accord on Health
Americans and their lawmakers are dramatically out of sync on health care, with large majorities of people looking for bipartisan cooperation that's nowhere in...
American Eagle to Close Martin+Osa Stores
American Eagle Outfitters Inc. said Tuesday it plans to close its Martin+Osa women's and men's apparel line, including 28 stores, after the brand continued to lose money last year. Martin+Osa lost...