Business

Responding To Schumer's Call, DOJ's Head Of Antitrust Investigations Will Come To New York To Explore Anticompetitive Practices In The Dairy Industry

November 16, 2009 -- Today U.S. Senator Charles E. Schumer announced that at his urging Christine A. Varney, Assistant Attorney General in charge of the Department of Justice's (DOJ) Antitrust Division, will come to New York to meet with dairy farmers and consumers to explore potential anticompetitive behavior on the part of dairy processors.    » read more »

November 16, 2009 -- Museum of Science and Technology, Shanghai, China -- PRESIDENT OBAMA: Good afternoon. It is a great honor for me to be here in Shanghai, and to have this opportunity to speak with all of you. I'd like to thank Fudan University's President Yang for his hospitality and his gracious welcome. I'd also like to thank our outstanding Ambassador, Jon Huntsman, who exemplifies the deep ties and respect between our nations. I don't know what he said, but I hope it was good. (Laughter.)    » read more »

November 15, 2009 -- On November 15, President Obama participated in the 17th Annual Asia-Pacific Economic Cooperation (APEC) Leaders’ meeting in Singapore. APEC members account for 53% of global GDP, purchase 58% of U.S. goods exports, and represent a market of 2.7 billion consumers. In 2008, U.S. goods exports to the Asia-Pacific totaled $747 billion, an increase of 8.3% over 2007. During that same period, U.S. services exports to the region totaled $186.5 billion, up 7.7 percent.    » read more »

System Traffic Down 4.1 Percent from August 2008

November 13, 2009 - The number of scheduled domestic and international passengers on U.S. airlines in August 2009 declined by 4.1 percent from August 2008, dropping by 2.8 million to 65.0 million, the Department of Transportation’s Bureau of Transportation Statistics (BTS) today reported . August was the 17th consecutive month with a decrease in passengers from the prior year .

BTS, a part of DOT’s Research and Innovative Technology Administration, in a release of preliminary data, reported that U.S. airlines carried 4.1 percent fewer domestic passengers than in August 2008. International passengers on U.S. carriers decreased 4.5 percent .    » read more »

November 13, 2009 -- WASHINGTON -- U.S. Commerce Secretary Gary Locke issued the following statement on the release of the September 2009 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports increased by 2.9 percent to $132.0 billion since August 2009. Imports increased 5.8 percent to $168.4 billion.    » read more »

36 Million Acres for Oil and Gas Development; March 17 Sale Could Produce up to 1.3 Billion Barrels of Oil

November 13, 2009 -- WASHINGTON, D.C. – Secretary of the Interior Ken Salazar today announced the Department will hold an oil and natural gas lease sale for the Central Gulf of Mexico Outer Continental Shelf that will offer nearly 36 million acres and could produce up to 1.3 billion barrels of oil and 5.4 trillion cubic feet of natural gas.    » read more »

November 12, 2009 -- The Miami Division of the Federal Bureau of Investigation (FBI) and the Miami Field Office of the Internal Revenue Service (IRS) are seeking information from individuals who have invested in the Rothstein Structured Settlement Investment (RSSI) or from individuals who have information that would be helpful to the investigation. To facilitate information gathering, the FBI has established a dedicated e-mail address and an informational telephone line 1-800-CALL-FBI, "Rothstein Option."

Details of the investigation cannot be discussed at this time, as the investigation is ongoing. However, the FBI and IRS are seeking to identify victims and to obtain any information to determine the extent of any potential fraud.    » read more »

Dobbs No Longer Fanning the Flames of Hate at CNN

November 12, 2009 -- Washington, DC--In response to yesterday's announcement that Lou Dobbs is resigning from his position as anchor on CNN effective immediately, SEIU issued the following statement:

"Today we are seeing what has always made America great--when a group of committed activists join forces, they can change the course of history.

"Night after night, Lou Dobbs abused his position of trust as a "news anchor" at CNN to attack immigrant workers and communities with no attention to facts or balance. His kind of divisive propaganda is harmful to our society, and should have no place on a responsible television network.    » read more »

Columbus, OH – Ohio Governor Ted Strickland today congratulated two Ohio companies that received more than $4.4 million in federal funding to research and develop technologies to produce biofuels, bioenergy and high-value biobased products.

“With agriculture and food processing as two of Ohio’s largest industries, we have tremendous potential for creating energy out of natural, renewable resources. And growing Ohio’s advanced and renewable energy industry is a cornerstone of our plan to create new Ohio jobs,” Strickland said. “We appreciate Secretaries Vilsack and Chu for helping to boost our growth industries with these resources.”    » read more »

Defensive sectors and developing economies set to be key investment focuses

LONDON and NEW YORK, November 12, 2009 — In a recent panel debate on the outlook for global markets in 2010, a team of Newton's global fund managers agreed that a 'traditional' consumer driven cyclical recovery appeared unlikely in the face of continued household debt and high levels of unemployment. High quality defensive stocks and exposure to developing economies emerged as some of the key investment focuses for 2010.    » read more »

TEMPE, Ariz. -- Nov. 12, 2009-- In a letter to U.S. Secretary of Transportation Ray LaHood, US Airways’ (NYSE: LCC) Chairman and CEO Doug Parker responded to Secretary LaHood’s invitation to attend the Future of U.S. Aviation Forum being hosted today by the Department of Transportation. In the letter, Parker shares the airline and industry’s views about the future competitiveness of the U.S. aviation industry. The letter in its entirety follows:

November 11, 2009

The Honorable Ray LaHood
Secretary of Transportation
U.S. Department of Transportation
1200 New Jersey Ave., SE
Washington, DC 20590

Dear Secretary LaHood:    » read more »

PITTSBURGH, Nov. 13, 2009 – PPG Industries (NYSE:PPG) was selected to receive a $741,000 grant from the U.S. Department of Energy to support the development of materials and automation processes for wind blade manufacturing. In partnership with MAG Industrial Automation Systems, PPG aims to optimize materials technologies and develop fiber glass prepreg placement techniques to improve wind blade reliability while reducing the cost of wind blade production.    » read more »

Midland, MI - November 12, 2009 -- The Dow Chemical Company (NYSE:DOW) and the California Institute of Technology (Caltech) announced today that they had recently signed a multi-year research collaboration that is strategic to both organizations’ interests in solar energy.

The arrangement is aimed at aligning Dow’s capabilities in CIGS based materials with Caltech’s research in next generation photovoltaics. Together, they expect to develop new, ultra low cost, high efficiency photovoltaic materials.    » read more »

November 13, 2009 -- Genzyme Corp. (Nasdaq: GENZ) announced today that it has issued letters to U.S. healthcare providers regarding its enzyme replacement products Cerezyme® (imiglucerase for injection), Fabrazyme® (agalsidase beta), Myozyme® (alglucosidase alfa), Aldurazyme® (laronidase), as well as Thyrogen® (thyrotropin alfa for injection), filled at its Allston Landing manufacturing facility. The letters remind providers of the U.S. product labeling recommendations advising both visual inspection of vials and in-line filtration of enzyme replacement products to address the potential presence of foreign particles.    » read more »

TEWKSBURY, Mass., Nov. 12, 2009 -- Raytheon Company (NYSE: RTN) has been awarded a $197 million U.S. Navy contract for life-cycle engineering and support of the LPD 17 class, the Navy's next generation of amphibious warfare ships.

As a key member of the LPD alliance, Raytheon is the total ship electronics systems integrator for the LPD 17 class as well as the prime contractor for life-cycle engineering and support. The company provides the Shipboard Wide Area Network, integrated product data environment, total ship information management, and integrated ship electronics architecture for the LPD 17 class.    » read more »