http://66.240.200.85/ en Copyright 2009 Sat, 21 Nov 2009 05:39:44 -0600 Prime Minister Vladimir Putin says Russia must modernize its economy and reduce its dependence on raw materials exports.Putin's call for developing high-tech industries echoes statements by his successor and protege, President Dmitry Medvedev.Putin and Medvedev both attended Saturday's meeting of the dominant United Russia party in St. Petersburg. http://66.240.200.85/news/ap/finance_business/2009/Nov/21/putin_calls_for_modernization_of_russian_economy.html http://66.240.200.85/news/ap/finance_business/2009/Nov/21/putin_calls_for_modernization_of_russian_economy.html The Associated Press Sat, 21 Nov 2009 05:39:43 -0600 Shares of Aruba Networks Inc. fell Friday after the company reported fiscal first-quarter results above analyst expectations, but it may not have been as much of a beat as Wall Street hoped.Aruba Networks shares fell 82 cents, or 8.6 percent, to $8.76 in afternoon trading.Aruba Networks said late Thursday that it lost 28 cents per share in the http://66.240.200.85/news/ap/finance_business/2009/Nov/21/aruba_networks_shares_fall_after_1q_report.html http://66.240.200.85/news/ap/finance_business/2009/Nov/21/aruba_networks_shares_fall_after_1q_report.html The Associated Press Sat, 21 Nov 2009 03:09:54 -0600 Shares of ADC Telecommunications Inc. fell Friday after the company posted a net loss in the fourth quarter and warned that first-quarter earnings will come in lower than expected.ADC said sales in the first quarter should come in between $250 million to $275 million, with a loss of 15 cents to 5 cents per share including a non-cash amortization http://66.240.200.85/news/ap/finance_business/2009/Nov/21/adc_telecommunications_falls_on_lower_q1_outlook.html http://66.240.200.85/news/ap/finance_business/2009/Nov/21/adc_telecommunications_falls_on_lower_q1_outlook.html The Associated Press Sat, 21 Nov 2009 03:09:52 -0600 Former Vivendi CEO Jean-Marie Messier told a jury Friday he made mistakes in his troubled bid to turn the French water company into a global media giant, but he never misled shareholders about the risks.Messier said he strove in good faith to build the company, but he didn't foresee technological limitations and worldwide financial problems that http://66.240.200.85/news/ap/finance_business/2009/Nov/21/ex_vivendi_ceo__i_made_mistakes_but_never_misled.html http://66.240.200.85/news/ap/finance_business/2009/Nov/21/ex_vivendi_ceo__i_made_mistakes_but_never_misled.html Jennifer Peltz The Associated Press Sat, 21 Nov 2009 03:39:43 -0600 University of Connecticut officials say a plan to merge the UConn Health Center in Farmington with Hartford Hospital is unlikely to win official approval.President Michael J. Hogan told university staff and faculty Friday that a review by the UConn Board of Trustees concluded it cannot win approval for the proposed partnership with Hartford http://66.240.200.85/news/ap/finance_business/2009/Nov/20/uconn__merger_with_hartford_hospital_not_feasible.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/uconn__merger_with_hartford_hospital_not_feasible.html The Associated Press Fri, 20 Nov 2009 19:09:51 -0600 Monsanto Co. is installing a water management system at an Idaho phosphate mine the company depends on to make its Roundup weedkiller to stop the leakage of selenium and heavy metals into a tributary of the Blackfoot River.The company hopes capturing runoff and underground water will remedy problems at the waste rock dump below its South Rasmussen http://66.240.200.85/news/ap/finance_business/2009/Nov/20/monsanto_aims_to_stop_leaks_at_idaho_mine_dump.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/monsanto_aims_to_stop_leaks_at_idaho_mine_dump.html John Miller The Associated Press Fri, 20 Nov 2009 18:39:52 -0600 The publisher of the East Valley Tribune in the Phoenix suburb of Mesa said Friday that a buyer has made an offer that would keep the paper and its Web site in business.Publisher Julie Moreno told Tribune staffers that Irvine, Calif.-based Freedom Communications received a letter of intent to purchase the paper, which Freedom planned to close on http://66.240.200.85/news/ap/finance_business/2009/Nov/20/publisher_says_buyer_emerges_for_ariz__paper.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/publisher_says_buyer_emerges_for_ariz__paper.html The Associated Press Fri, 20 Nov 2009 19:39:47 -0600 The collapse of a Bend real estate development company has resulted in charges against 13 people in what prosecutors say is the largest Oregon fraud case to emerge from the national real estate boom and bust.A federal grand jury in Eugene returned five separate indictments on Thursday that charged the principals in Desert Sun Development and http://66.240.200.85/news/ap/finance_business/2009/Nov/20/13_charged_in__19m_central_oregon_bank_fraud.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/13_charged_in__19m_central_oregon_bank_fraud.html William Mccall The Associated Press Fri, 20 Nov 2009 20:09:51 -0600 Moody's Investors Service downgraded ratings for Liberty Media Corp. subsidiary Liberty Media LLC on Friday. The changes come shortly after shareholders approved the formation of a new company out of DirecTV Group Inc. and some of Liberty's entertainment businesses.Moody's lowered Liberty's corporate family rating to "B1" from "Ba2" and its http://66.240.200.85/news/ap/finance_business/2009/Nov/20/moody_s_downgrades_liberty_media_llc_ratings.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/moody_s_downgrades_liberty_media_llc_ratings.html The Associated Press Fri, 20 Nov 2009 18:39:44 -0600 "Going Rogue" is going big.Publisher HarperCollins said Friday that Sarah Palin's memoir sold 300,000 copies its first day, among the best openings ever for a nonfiction book. In 2004, Bill Clinton's "My Life" debuted with sales of 400,000 copies. The year before, Hillary Rodham Clinton's "Living History" started at 200,000."Going Rogue" was http://66.240.200.85/news/ap/finance_business/2009/Nov/20/_going_rogue__is_going_big.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/_going_rogue__is_going_big.html The Associated Press Fri, 20 Nov 2009 18:09:59 -0600 Southwest Airlines Co. said Friday it will require uncontested candidates for its board of directors to win a majority among shareholder votes cast to be elected, instead of just a plurality.If an incumbent fails to get a majority of votes cast, he or she must tender a resignation to the board, which can reject the offer to resign, the company http://66.240.200.85/news/ap/finance_business/2009/Nov/20/southwest_airlines_changes_board_election_rules.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/southwest_airlines_changes_board_election_rules.html The Associated Press Fri, 20 Nov 2009 18:09:56 -0600 Major League Baseball has the perfect gift to bust a budget in a recession.A 20-DVD set of World Series films can be bought for $2,299, and it contains authenticated autographs of 12 Hall of Famers, including Yogi Berra, Bob Gibson, Reggie Jackson and Mike Schmidt.A limited edition run of 100 sets was put together by Major League Baseball http://66.240.200.85/news/ap/finance_business/2009/Nov/20/pricey_gift__mlb_offers_series_film_set_for__2_229.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/pricey_gift__mlb_offers_series_film_set_for__2_229.html The Associated Press Fri, 20 Nov 2009 18:09:54 -0600 The state of Wyoming has filed a new federal lawsuit seeking to block the National Park Service from restricting snowmobile numbers in Yellowstone National Park.The Park Service on Friday issued a temporary rule that would allow up to 318 snowmobiles and 78 snowcoaches per day into the park starting next month and continuing through next http://66.240.200.85/news/ap/finance_business/2009/Nov/20/wyoming_challenges_yellowstone_snowmobile_rules.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/wyoming_challenges_yellowstone_snowmobile_rules.html Ben Neary The Associated Press Fri, 20 Nov 2009 18:09:52 -0600 West Virginia's Public Service Commission has approved a 5 percent rate increase for Hope Gas Inc.The $8.78 million increase approved Friday is substantially smaller than the $34.4 million increase the utility had requested.The company, which has not received a rate increase since 2005, said it needed more money to cover non-gas operations and http://66.240.200.85/news/ap/finance_business/2009/Nov/20/west_virginia_regulators_approve_gas_rate_increase.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/west_virginia_regulators_approve_gas_rate_increase.html The Associated Press Fri, 20 Nov 2009 18:09:44 -0600 A Louisiana businessman was charged Friday with engaging in a Ponzi scheme to defraud about 160 investors — mostly elderly people — out of roughly $19.5 million and using some of the money to pay for cars, cruises, sports tickets and a house.A federal grand jury indicted Matthew B. Pizzolato, 26, of Tickfaw, on charges that include securities http://66.240.200.85/news/ap/finance_business/2009/Nov/20/la__businessman_indicted_in_alleged_ponzi_scheme.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/la__businessman_indicted_in_alleged_ponzi_scheme.html Michael Kunzelman The Associated Press Fri, 20 Nov 2009 17:41:16 -0600 A former kosher slaughterhouse manager convicted of financial fraud has asked for an acquittal or new trial, saying prosecutors unfairly brought in evidence of immigration violations.In a motion filed late Thursday, Sholom Rubashkin's attorney said his conviction on 86 counts of financial fraud should be overturned because prosecutors didn't abide http://66.240.200.85/news/ap/finance_business/2009/Nov/20/former_iowa_slaughterhouse_manager_seeks_acquittal.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/former_iowa_slaughterhouse_manager_seeks_acquittal.html Nigel Duara The Associated Press Fri, 20 Nov 2009 17:41:15 -0600 Overstock.com Inc. said Friday that it received a listing rule violation letter Thursday from the Nasdaq Stock Market related to the recent filing of its third-quarter report.The online retailer said Nasdaq informed the company that its Form 10-Q violated Nasdaq rules because it was not reviewed in accordance with an auditing standard. Nasdaq also http://66.240.200.85/news/ap/finance_business/2009/Nov/20/nasdaq_notifies_overstock_it_violated_listing_rule.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/nasdaq_notifies_overstock_it_violated_listing_rule.html The Associated Press Fri, 20 Nov 2009 17:41:13 -0600 A billboard showing President Barack Obama wearing a turban has sparked a lot of attention at the suburban Denver used car dealership that put it up.The sign, completed Friday by artist David Lee, shows a grinning, cartoonish Obama and bears the words "PRESIDENT or JIHAD?"Underneath the president's image is a big yellow square with the phrase, http://66.240.200.85/news/ap/finance_business/2009/Nov/20/colo__billboard_links_obama_with_jihadists.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/colo__billboard_links_obama_with_jihadists.html Kristen Wyatt The Associated Press Fri, 20 Nov 2009 17:41:11 -0600 Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults.The Federal Deposit Insurance Corp. took over the small bank in Fort Myers, Fla., with $79.7 million in assets and $76.7 million in deposits.Central Bank, based in http://66.240.200.85/news/ap/finance_business/2009/Nov/20/small_florida_bank_shuttered__124th_this_year.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/small_florida_bank_shuttered__124th_this_year.html Marcy Gordon And Daniel Wagner The Associated Press Fri, 20 Nov 2009 17:41:05 -0600 More than 15,000 mobile home owners insured by state-backed Citizens Property insurance Corp. will see an 11 percent increase on their insurance policies in 2010.Florida Insurance Commissioner Kevin McCarty signed an order Thursday establishing rates for Citizens' 330,000 high-risk accounts. The approved rates are close to those requested by http://66.240.200.85/news/ap/finance_business/2009/Nov/20/fla__commissioner_oks_citizens_property_rate_hikes.html http://66.240.200.85/news/ap/finance_business/2009/Nov/20/fla__commissioner_oks_citizens_property_rate_hikes.html Brent Kallestad The Associated Press Fri, 20 Nov 2009 17:41:02 -0600