News
CACI International wins Navy deal worth up $588M
March 4, 2010 11:31 am | by The Associated Press | CommentsCACI International Inc., which provides information technology services to the government, said Thursday that it has been awarded a Navy contract worth up to $588 million over five years.The new contract calls for CACI to enhance commuications and networking systems for the Space and Naval...
Volcano takes bigger loss, but shares gain ground
March 4, 2010 11:30 am | by The Associated Press | CommentsMedical device maker Volcano Corp. posted a fourth-quarter loss Thursday, saying research charges and other costs outweighed growth in revenue.Volcano took a loss of $12.1 million, or 25 cents per share. A year ago Volcano it reported a profit of $1.4 million, or 3 cents per share. The latest...
Spartech cuts costs, returns to 1Q profit
March 4, 2010 11:30 am | by The Associated Press | CommentsPlastic package maker Spartech Corp. said Thursday that it returned to a first-quarter profit as it worked to cut costs and boost productivity.The company earned $4.7 million, or 15 cents per share, for the quarted that ended Jan. 30. That compares with a year-ago loss of $5.1 million, or 16...
TiVo prevails in patent rights case against Dish
March 4, 2010 10:30 am | by DEBORAH YAO - AP Business Writer - Associated Press | CommentsTiVo Inc. prevailed yet again in a long-running dispute with Dish Network Corp. over patents for digital video recorders, as a federal appeals court cleared the way Thursday for TiVo to collect hundreds of millions of dollars. TiVo shares jumped more than 50 percent.Despite repeatedly losing,...
KB Home says Burkle won't run for new board term
March 4, 2010 9:30 am | by The Associated Press | CommentsHomebuilder KB Home said Thursday that billionaire investor Ron Burkle will not stand for re-election to the company's board at its next annual meeting.The company said Burkle, who has been on the board for 15 years, wants to devote more time to his other business interests. Burkle made his...
Exotic Antimatter Detected at Relativistic Heavy Ion Collider (RHIC)
March 4, 2010 9:22 am | by Brookhaven National Laboratory | CommentsScientists report discovery of the heaviest known antinucleus and the first containing an anti-strange quark, laying the first stake in a new frontier of physics.
Suntech posts $50M profit in 4th quarter
March 4, 2010 8:30 am | by The Associated Press | CommentsSuntech Power Holdings Co. on Thursday said the company earned nearly $50 million in the fourth quarter after reducing expenses while boosting shipments of solar products to the U.S. The company posted a loss in the same period of 2008.The Chinese solar company reported net income of $49.9...
Kohl's key sales figure up in February
March 4, 2010 7:30 am | by The Associated Press | CommentsKohl's Corp. reported Thursday that a key sales figure for February rose, though it fell just below analyst estimates.The company said sales at stores open at least a year were up 3.7 percent for the four weeks ended Feb. 27. That's an important gauge for retailers because it excludes sales...
Thermal Mass Follow Up
March 4, 2010 7:21 am | by Screaming Circuits | CommentsRoHS has been with the electronics manufacturing world for quite a while now but there is still a lot of issues and uncertainty associated with it. As I wrote not long ago, even parts that are supposedly compliant can in...
JC Penney sales rise in February
March 4, 2010 6:30 am | by The Associated Press | CommentsJ.C. Penney Co. said Thursday that sales at stores open at least a year rose 1.2 percent in February, surprising industry experts who expected that cautious consumers would lead to a sales decline.Analysts polled by Thomson Reuters anticipated sales to slide 1.3 percent.Same-store sales is a...
Retailers report strong gains for February
March 4, 2010 5:30 am | by ANNE D'INNOCENZIO - AP Retail Writer - Associated Press | CommentsShoppers shrugged off the snow and worries about the economy to buy spring clothing and other items at the nation's malls, resulting in the strongest retail sales gain since November 2007, a month before the recession started.The upbeat news also helped sooth fears among some economists that...
Ofcom to Investigate Net Neutrality
March 4, 2010 5:26 am | CommentsThe chief of UK telecoms regulator Ofcom has said the authority will investigate web traffic control measures later this year as the net neutrality debate rumbles on.
Western Refining posts wider 4th-quarter loss
March 4, 2010 2:30 am | by The Associated Press | CommentsWestern Refining Inc. said Thursday that its fourth-quarter loss widened, hurt by softer demand for transportation fuels, weak economic conditions and a smaller gap between light and heavy crude oil prices.The independent refiner reported a loss of $97.5 million, or $1.11 per share, compared...
Comtech says 2Q profit climbed, cuts 2010 forecast
March 3, 2010 7:30 pm | by The Associated Press | CommentsComtech Telecommunications Corp. said Wednesday that its fiscal second-quarter profit climbed, but the communications equipment maker reported revenue below analyst expectations and cut its first-quarter guidance.Comtech shares sank $4.68, or 14.2 percent, in after-hours trading, having...
Sina misses analyst estimates with adjusted profit
March 3, 2010 6:30 pm | by The Associated Press | CommentsChinese Internet portal operator Sina Corp. on Wednesday missed analyst expectations with its adjusted fourth-quarter profit.Earnings surged to $372.1 million, or $6.03 per share, from $25.2 million, or 42 cents per share, in the year-ago quarter. The recent results include a one-time gain of...
