updated Sat November 03, 2007

Navy Extends Deal With General Dynamics to Develop Submarine Technology in $53.7 Million Pact

GROTON, Conn. (AP) -- A unit of General Dynamics Corp. said Friday it received a $53.7 million contract boost from the U.S. Navy to develop advanced submarine technologies for undersea platforms.The deal extend...

updated Sat November 03, 2007

Strike by Engineers Grounds Pakistan's National Airline, Strands Passengers

KARACHI, Pakistan (AP) -- A nationwide strike by Pakistani aircraft engineers protesting pay and work conditions halted flights and left hundreds of passengers stranded across the country Friday, officials said...

updated Sat November 03, 2007

Federal Judge Allows Fraud Claims in Openwave Systems Inc. Backdating Lawsuit

NEW YORK (AP) -- A federal judge will allow some securities-fraud claims to proceed against software maker Openwave Systems Inc. and several of its former executives in a shareholder lawsuit over alleged backda...

updated Sat November 03, 2007

Himax Board Authorizes Repurchase of Up to $40 Million in Shares

NEW YORK (AP) -- Taiwanese flat panel display chip maker Himax Technologies Inc. said Friday that its board authorized the repurchase of as much as $40 million of the company's American Depository Receipts.The ...

updated Sat November 03, 2007

United Technologies Unit Gets Contract From CHC Helicopter to Deliver 12 Transport Aircraft

STRATFORD, Conn. (AP) -- A subsidiary of United Technologies Corp. said Friday it signed a deal with CHC Helicopter Corp. to deliver 12 transport aircraft used in search-and-rescue missions.Financial terms of t...

updated Sat November 03, 2007

Evergreen Solar Shares Surge After Analyst Upgrades on Outlook for Wafer-Cutting Technology

NEW YORK (AP) -- Evergreen Solar Inc. shares rose sharply on Friday after an analyst upgraded the solar-products company, saying its wafer cutting technology in development is on track for commercial production...

updated Sat November 03, 2007

Freight Train Derails in Nashville, Tenn., Suburb; No Reports of Injuries or Hazardous Leaks

GOODLETTSVILLE, Tenn. (AP) -- A freight train derailed in this Nashville suburb, scattering as many as 40 railroad cars, but there were no reports of injuries or hazardous leaks.Several fire engines were dispat...

updated Sat November 03, 2007

US Navy Trying to Remove Pirates From Ships Off Somalia

NAIROBI, Kenya (AP) -- The U.S. Navy on Friday kept its eye on a Japanese tanker taken over by pirates off Somalia's coast, while a top U.S. official said that piracy remains a "very serious security problem" i...

updated Sat November 03, 2007

Apollo Group Senior Vice President Peter V. Sperling Sells 110,000 Shares of Common Stock

NEW YORK (AP) -- A senior vice president of Apollo Group Inc., which operates the University of Phoenix, sold 110,000 shares of common stock, according to a Securities and Exchange Commission filing Thursday.In...

updated Sat November 03, 2007

SEC Reportedly Launches Investigation Into Merrill Lynch Deals on Mortgages Debt

NEW YORK (AP) -- The Securities and Exchange Commission has launched an investigation into deals Merrill Lynch & Co. undertook to allegedly cloak its vulnerability to risky mortgage debt, the Wall Street Jo...

updated Sat November 03, 2007

Asset Sale, 'Transformers' Lift Viacom 3Q Earns; 'Daily Show' to Reruns in Event of Strike

NEW YORK (AP) -- Viacom Inc., a media conglomerate controlled by Sumner Redstone, reported an 80 percent jump in third-quarter earnings Friday, boosted by the sale of a music publishing business and box office ...

updated Sat November 03, 2007

China Struggles With Fuel Crunch, but Experts See No Change in Price Controls

BEIJING (AP) -- Bus drivers in the bustling southern province of Guangdong have a new daily chore: Hunting for diesel.Amid widespread shortages, service stations allow drivers just a few quarts at a time, forci...

updated Sat November 03, 2007

Neurocrine Biosciences 3rd-Quarter Loss Narrows on Decline in Expenses

SAN DIEGO (AP) -- Neurocrine Biosciences Inc. shares rose Friday, a day after Neurocrine reported its third-quarter loss narrowed on a decline in research and development and other costs beating Wall Street's e...

updated Sat November 03, 2007

Apollo Group Vice President Stan Meyer Sells 10,000 Shares of Common Stock

NEW YORK (AP) -- The vice president of marketing for Apollo Group Inc., which operates the University of Phoenix, exercised options for and then sold 10,000 shares of common stock, according to a Securities and...

updated Sat November 03, 2007

Canada Jobless Rate Sinks to 33-Year Low of 5.8 Pct in October, Job Creation Tops Expectations

TORONTO (AP) -- Canada's jobless rate fell to a 33-year-low in October as nearly six times more jobs were created than anticipated, government data showed Friday.The report could prompt the Bank of Canada to ho...

updated Sat November 03, 2007

British Airways First-Half Net Profit Up 52 Percent to $996.1M on Demand for Premium Tickets

LONDON (AP) -- British Airways posted a 52 percent increase in first-half net profit on Friday, boosted by cost-cutting measures and demand for premium tickets, but also lowered its full-year sales forecast bec...

updated Sat November 03, 2007

$8 Million Award Against Hyundai Reversed Again on Appeal

VANCOUVER, Wash. (AP) -- An $8.1 million judgment against Hyundai Motor Co. over the backward collapse of a front seat in a crash has been overturned a second time on appeal.A split three-judge panel of the Was...

updated Sat November 03, 2007

Dollar's Decline to Another Low Versus Euro Boosts Appeal of Commodities; Oil, Gold Rally

NEW YORK (AP) -- The commodities markets rallied Friday as the dollar skidded to a fresh low, driving investors to seek an inflation hedge in holdings of crude oil, gold and other metals.The greenback tumbled t...

updated Sat November 03, 2007

Major Internet Companies Mostly Decline, EBay Declines After Analyst Downgrades Stock

NEW YORK (AP) -- Shares of major Internet companies mostly declined Friday, with eBay Inc.'s stock declining after a Bear Stearns analyst downgraded it to "Peer Perform" from "Market Perform."EBay shares lost 3...

updated Sat November 03, 2007

SuccessFactors Plans Initial Public Offering of 10.8 Million Shares to Raise About $81 Million

NEW YORK (AP) -- SuccessFactors Inc., a provider of human resources software, said Friday it plans an initial public offering of about 10.8 million shares of common stock, according to a Securities and Exchange...