Dec. 10, 2010 at 6:25 a.m.
Filed under:
Airplanes,
Government
By Associated Press
The Federal Aviation Administration is missing key information on who owns one-third of the 357,000 private and commercial aircraft in the U.S. — a gap the agency fears could be exploited by terrorists and drug traffickers.
The records are in such disarray that the FAA says it is worried that criminals could buy planes without the government’s knowledge, or use the registration numbers of other aircraft to evade new computer systems designed to track suspicious flights. It has ordered all aircraft owners to re-register their planes in an effort to clean up its files. Get the full story »
Dec. 10, 2010 at 6:21 a.m.
Filed under:
Media,
Music
From Bloomberg News | Starting today, Apple Inc. will let iTunes consumers listen to some songs at no charge for as long as 90 seconds, three times the previously allotted 30 seconds, a spokesman for Cupertino, California-based Apple, said today. Get the full story>>
Dec. 10, 2010 at 5:52 a.m.
Filed under:
Computers,
Consumer news,
Technology
By Reuters
Component suppliers for Apple Inc.’s iPad are gearing up for a new round of production in the first quarter, sources said on Friday, with one saying the product will be a revamp of the popular tablet computer including front- and back-mounted cameras.
Touchscreen chip designer Wintek Corp., battery maker Simplo Technology Co. Ltd. and AVY Precision, an unlisted maker of covers for electronic products, are among suppliers for the next batch of iPads, four people familiar with the situation said. Get the full story »
Dec. 10, 2010 at 5:48 a.m.
Filed under:
Commercial real estate,
Real estate,
Retail
From the Chicago Sun-Times | Target is in the final stages of talks for a deal to anchor the former Carson Pirie Scott store at 1 S. State, a Chicago landmark designed by Louis Sullivan. Target has been interested in the old Carson’s building, now called Sullivan Center, for months. Two sources said a lease is close to be completed, but details could not be learned. Get the full story>>
Dec. 10, 2010 at 5:35 a.m.
Filed under:
Airlines,
Airplanes
By Dow Jones Newswires-Wall Street Journal
Aviation regulators are poised to order stepped-up inspections of more than 600 Boeing Co. 757 jetliners worldwide, prompted by a recent in-flight incident that left roughly a one-foot hole in the fuselage of an American Airlines plane.
Impending safety directives by the Federal Aviation Administration, according to people familiar with the matter, are expected to cover certain older models of the widely used, twin-engine planes. The FAA is drafting enhanced inspection mandates in the wake of the sudden rupture and rapid decompression that occurred Oct. 26 while the American jet was cruising at 31,000 feet en route from Miami to Boston. Get the full story »
Dec. 9, 2010 at 5:50 p.m.
Filed under:
Consumer news,
Entertainment,
Technology
From Bloomberg | Microsoft’s Xbox 360 was the best-selling video-game console in the U.S. for the sixth consecutive month, the company said Thursday. Sales were helped by Microsoft’s Kinect motion-capture controller. The company said separately that Wii sales gained 0.8 percent to 1.27 million units.
Dec. 9, 2010 at 5:37 p.m.
Filed under:
Computers,
Internet,
Investigations
By Reuters
A group of former WikiLeaks collaborators who quit the project are to launch a new campaigning site next week to protest against its founder, a Swedish newspaper said on Thursday. Get the full story »
Dec. 9, 2010 at 4:51 p.m.
Filed under:
Exchanges,
Policy,
Regulations
By Associated Press
Federal regulators are extending, for four months, the curbs put in after the May 6 market plunge that briefly halt trading of some stocks that make big price swings. Get the full story »
Dec. 9, 2010 at 4:34 p.m.
Filed under:
Banking,
Computers,
Investing
By Reuters
High-tech thief or bogus prosecution? Those were the opposing closing arguments offered on Thursday in the case of a computer programmer accused of stealing high-speed trading code from Goldman Sachs.
Sergey Aleynikov, 40, was charged with stealing critical parts of code as he left Wall Street’s most influential bank in June 2009 before joining Teza Technologies LLC, a high speed-trading start-up firm in Chicago. Get the full story »
By Reuters
Chicago-based Getco LLC hired the New York Stock Exchange parent company’s director of options, to spearhead its relationships with global exchanges, the big market maker and high-frequency trader said on Thursday. Get the full story »
Dec. 9, 2010 at 3:59 p.m.
Filed under:
Autos,
Investigations,
Litigation,
Recalls
By Associated Press
Dozens of personal injury lawsuits against Toyota Motor Corp. will be allowed to move forward if a federal judge’s tentative ruling becomes final. Get the full story »
Dec. 9, 2010 at 3:47 p.m.
Filed under:
Consumer news,
Food,
Packaged foods,
Recalls
By Reuters
Johnson & Johnson issued a recall of its Softchews Rolaids antacids Thursday after wood and metal bits were discovered in the tablets.
J&J, which recalled some Rolaids products in November, said it was voluntarily recalling all lots of the Softchews products after potentially uncovering problems with a third-party manufacturer.
The recall is the latest in a string of pulled products for J&J’s consumers unit that has drawn attention from U.S. authorities and Congress, hurt sales for its consumer products parent company and tarnished J&J’s reputation. Get the full story »
Dec. 9, 2010 at 3:45 p.m.
Filed under:
Banking,
Economy,
International,
Policy,
Politics
By Reuters
Foreign central banks’ overall holdings of marketable securities at the Federal Reserve fell in the latest week, data from the U.S. central bank showed on Thursday. Get the full story »
Dec. 9, 2010 at 2:51 p.m.
Filed under:
Manufacturing,
Transportation,
Travel
By Associated Press
In this April 26, 2010 file photo, Transportation Secretary Ray LaHood, left, accompanied by. Sen. Christopher Dodd, second from left, get off an Amtrak train in Hartford, Conn. (AP Photo/Jessica Hill, File)
The Obama administration is taking $1.2 billion in high-speed rail money away from Ohio and Wisconsin and awarding it to other states, Transportation Secretary Ray LaHood said Thursday.
Both Ohio and Wisconsin have elected incoming Republican governors who oppose the rail projects. So LaHood said he is awarding their money to rail projects in states that are eager to have it.
High-speed trains will not only improve transportation but reinvigorate manufacturing and put people back to work in jobs that pay well, LaHood predicted in a statement. Get the full story »
