NEWS ARCHIVE
NATIONAL | Wed, Sep 5, 2012

The federal government's long-awaited plan for managing the health of the largest forest of giant sequoias on earth limits logging and emphasizes fire as the primary means to restore the forest's health.


The productivity of workers rebounded more than initially estimated in the second quarter as employers tried to protect profits.


A new era for California’s priciest wine regions began Feb. 1, when PlumpJack Winery partners bought 50 acres in Napa Valley’s Stags Leap district, home to heralded vintners Shafer Vineyards, Clos du Val and Cliff Lede Vineyards.


The Securities and Exchange Commission on Wednesday charged a syndicated radio personality and author Ray Lucia Sr. with spreading misleading information about his wealth management strategy at a series of investment seminars targeting retirees.


Motorola is broadening the use of its Razr brand to a family of smartphones in its first major product launch under new owner Google.


U.S. stock prices are closing mixed, held in check by a warning from the huge package delivery company FedEx that its profits would be hurt because of a slowdown in the global economy.


Nokia revealed its first smartphones to run the next version of Windows, a big step for a company that has bet its future on an alliance with Microsoft. Investors were disappointed, and Nokia's stock fell sharply on Wednesday.


Pricing is increased an average $1,013 across the four 2013 RDX models from 2012 prices, and the top RDX _ with all-wheel drive and technology package -- now is just over $40,000.


Facebook's stock increased nearly 5 percent on Wednesday following a disclosure that its CEO, Mark Zuckerberg, won't sell stock in the company for at least a year.


Lehman Brothers Holdings Inc. has said it plans to be patient in selling real estate holdings four years after filing the largest U.S. bankruptcy in history.


The Dallas Cowboys are the first American sports franchise worth more than $2 billion, according to Forbes magazine.


Sept. 5 (Bloomberg) -- Oil fluctuated as European Central Bank policy makers meet to discuss a plan involving unlimited purchases of government debt to ease the region’s debt crisis.


McDonald's Corp., the fast food chain that brought the hamburger to the world, is opening what may be its first vegetarian-only restaurants.


Campbell Soup is preparing to flood supermarket shelves with dozens of new products in the year ahead, but the push to revive its mainstay soup business isn't expected to pay off anytime soon.


Global markets fluctuated Wednesday as investors weighed poor economic data against expectations that the European Central Bank will announce a plan to support financially weak countries in the 17-member eurozone.


Sept. 5 (Bloomberg) -- Crude futures pared losses to trade little changed after two central bank officials said European Central Bank President Mario Draghi’s bond-buying proposal involves unlimited purchases of government debt.


Sept. 5 (Bloomberg) -- U.S. stock futures declined, signaling the Standard & Poor’s 500 Index may fall for a second day, as FedEx Corp. cut its earnings forecast and reports showed economies are slowing more than anticipated.


Sept. 5 (Bloomberg) -- Canadian real estate investment trusts, having outperformed the Standard & Poor’s/TSX composite index 11-fold this year, are poised to reach a record on speculation the central bank will keep interest rates steady.


Sept. 5 (Bloomberg) -- Edward P. Owens, whose $22.4 billion Vanguard Health Care Fund has outperformed every U.S. equity mutual fund since it was created in 1984, will retire at the end of the year.


Sept. 5 (Bloomberg) -- Nokia Oyj shares tumbled the most in almost three months after the introduction of two Lumia smartphones with Microsoft Corp.’s new Windows Phone software failed to impress investors.


Sept. 5 (Bloomberg) -- Apple Inc. and the U.S. Federal Bureau of Investigation denied claims by hackers who said they stole information on 12 million Apple Inc. user accounts from an FBI computer.


Sept. 6 (Bloomberg) -- Lenovo Group Ltd., the world’s second-largest personal computer maker, will buy consumer electronics maker Digibras to expand its Brazil computer-market share and add mobile products including phones and tablets.


Johnson & Johnson said Wednesday that the U.S. Food and Drug Administration will give a priority review to its experimental treatment for multidrug-resistant tuberculosis.


Sept. 5 (Bloomberg) -- Nokia Oyj unveiled two smartphones using Microsoft Corp.’s new Windows Phone software, betting on the devices to win back sales lost to the iPhone and Android handset makers.


Sept. 5 (Bloomberg) -- Hudson’s Bay Co., Canada’s oldest company, plans to file for an initial public offering that may raise C$500 million ($505 million), said two people with knowledge of the matter.


The Czech Parliament has failed to approve unpopular austerity measures designed to help bring the budget deficit below 3 percent of GDP.


Sept. 5 (Bloomberg) -- McDonald’s Corp. will swap its trademark burgers for potato sandwiches when it opens two vegetarian restaurants in India next year, the first such outlets globally for the world’s biggest restaurant chain.


Sept. 5 (Bloomberg) -- Safeway Inc., the second-largest grocery chain in the U.S., is planning an initial public offering of a minority stake in its Blackhawk Network Holdings Inc. business.


Radio talk show host Glenn Beck isn't backing down from his public attack on American Airlines.


H&R Block is reporting a smaller loss for its fiscal first quarter, as the nation's largest tax preparer cut its spending.


Sept. 5 (Bloomberg) -- Revlon Inc., maker of Almay cosmetics and Mitchum deodorant, will cut about 250 jobs as it closes two plants to streamline operations and save about $10 million a year.


Supervalu says it's closing another 60 underperforming stores this fiscal year, as it struggles to turn around its business.


VeriFone Systems Inc. reported a fiscal third-quarter net income that topped Wall Street's expectations. But shares of the electronic payment company tumbled after hours on disappointing revenue in the latest quarter and a forecast for fourth-quarter revenue that was below expectations.


Not long ago, online games company Zynga looked on pace to unseat much bigger, well-established rivals as it rode the popularity of “FarmVille,” the clicking game of virtual cows and real money.


Is the U.S. job market dismal as Republican presidential nominee Mitt Romney says?


Sept. 5 (Bloomberg) -- European stocks were little changed after two central bank officials briefed on the plan said European Central Bank President Mario Draghi’s bond-buying proposals involve unlimited purchases of government debt that will be sterilized to assuage concerns about printing money.


Porsche's ex-finance chief has rejected fraud charges arising from arranging credit to help the German sports car maker's doomed attempt to take over Volkswagen AG in 2009.


Office products makers 3M Co. and Avery Dennison Corp. said they have not cancelled the agreement for 3M to acquire Avery Dennison's office and consumer products operations and will work to address federal antitrust concerns and seal a deal.


Sept. 5 (Bloomberg) -- The euro erased losses versus the dollar and the yen after two central bank officials said European Central Bank President Mario Draghi will announce unlimited bond buying to quell the region’s debt crisis.


Sept. 5 (Bloomberg) -- Orange juice for November delivery rose 0.65 cent, or 0.5 percent, to $1.218 a pound at 8:10 a.m. on ICE Futures U.S. in New York. The price climbed for the sixth straight session, heading for the longest rally in 12 months.


The insurance division of Royal Bank of Scotland says it plans to cut nearly 900 jobs as it prepares for a stock market flotation.


The full scope of the damage Hurricane Isaac left behind in Louisiana isn't yet known as people are finally getting back into the hardest-hit areas to clean up and take a look at what they've lost. An emergency official gave an initial glimpse Tuesday, though, saying at least 13,000 homes were damaged.


European Central bank President Mario Draghi gets another chance Thursday to spell out how the bank intends to rescue the 17 countries that use the euro from financial disaster.


Drugstore operator Rite Aid Corp. said Wednesday that its sales improved in August on greater sales of non-pharmacy items like food, magazines, and cosmetics.


Safeway Inc. said Wednesday that it plans to take its gift card business, Blackhawk Network Holdings Inc., public by the first half of 2013.


Survivors of a deadly pipeline explosion in a San Francisco Bay area suburb plan to hold a memorial to commemorate the two years that have passed since the blast, even as they continue to press for stronger pipeline safety reforms.


Discount retailer Dollar General Corp. said Wednesday that its second-quarter earnings jumped 47 percent on a 10 percent increase in revenue and it raised its financial forecast for the year.


Makeup company Revlon Inc. said Wednesday it is cutting 250 jobs, or about 5 percent of its workforce, as it exits two plants in a broad restructuring aimed at cutting costs.


A federal appeals court in Manhattan says the distinctive red soles of Christian Louboutin (loo-boo-TEH') shoes are entitled to trademark protection.


U.S. companies got more output from their workers this spring than initially thought. Productivity rose at a modest 2.2 percent annual rate in the April-June quarter, largely because employers cut back sharply on hiring.


Judges, public prosecutors and court workers gathered Wednesday in a rare demonstration at Greece's Supreme Court to protest pay cuts that have also drawn the ire of police, fire brigade, coast guard and university staff unions.


Salix Pharmaceuticals Ltd. said Wednesday that the Food and Drug Administration will need until early 2013 to complete a review of crofelemer, a drug that is designed to treat diarrhea in patients taking HIV and AIDS drugs.


At the urging of residents who have long felt forgotten in the shadow of more densely populated New Orleans, the Army Corps of Engineers says it will look into whether the city's fortified defenses pushed floodwaters provoked by Hurricane Isaac into outlying areas.


Thousands of flood insurance claims are being filed in the wake of Hurricane Isaac, a slow-moving storm that hammered several parishes in southern Louisiana with prolonged, drenching rains and tropical-storm force winds, leaving water damage in parishes that don't typically experience flooding, officials said Tuesday.


The United States' ability to compete on the global stage has fallen for the fourth year running as confidence in the country's politicians continues to decline, an annual survey from the World Economic Forum found Wednesday.


Space station astronauts are taking their second spacewalk in less than a week in hopes of getting a critical power-switching box installed.


American senators visiting Iraq warned the Baghdad government Wednesday that it risked damaging relations with the U.S. if it is allowing Iran to fly over its airspace to deliver weapons to Syria.


Tropical Storm Leslie is moving slowly in the Atlantic toward Bermuda and could become a hurricane soon.


Bill Clinton offered some of his luster to the Democratic National Convention with a prime-time address Wednesday as an uncertain weather forecast forced President Barack Obama to scale back plans for a grand acceptance speech before a throng of 74,000 at an outdoor stadium on the convention's final night.


Relatives of Israelis slain by Palestinian gunmen during the 1972 Olympics in Munich are marking its 40th anniversary with Israeli and German officials at the air base where most of the 12 victims died.


The Ugandan military says it has killed a rebel fighter and captured another in its campaign against Joseph Kony's Lord's Resistance Army rebels in the Central African Republic.


Visit the Pere Lachaise cemetery in Paris and chestnut trees greet you as you wander among graves of luminaries such as Oscar Wilde and Jim Morrison.






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Wed, Sep 5, 2012
 

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