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New Cave-Dwelling Scorpion Species Discovered

New Cave-Dwelling Scorpion Species Discovered Two new species of short-tailed whip scorpions have been found living deep inside the cool, humid caves of northeastern Brazil, a study reports.


Wall Street falters in volatile session on Fed worries

Traders work on the floor at the New York Stock Exchange By Angela Moon NEW YORK (Reuters) - Stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest U.S. Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting. Trading was volatile - the Dow and the S&P indexes both rose more than 1 percent during the morning, but fell more than 1 percent in the afternoon. ...


HP profit down 32 percent, shares up as results beat estimates

A Hewlett-Packard logo is seen at the company's Executive Briefing Center in Palo Alto SAN FRANCISCO (Reuters) - Hewlett-Packard Co's quarterly profit slid 32 percent but the world's largest personal computer maker raised the lower end of its full-year outlook after earnings per share beat forecasts, sending its stock 10 percent higher. Net income fell to $1.08 billion, or 55 cents a share, from $1.59 billion, or 80 cents a share, a year earlier. The company earned 87 cents per share on an operating basis during the second quarter on revenue of $27.6 billion. ...


Surprising Pollution Problem: Too Many Trees (Op-Ed)

Starbucks veteran Michelle Gass leaving for Kohl's

Gass, president of Starbucks EMEA, speaks to shareholders during Starbucks' Annual Meeting of Shareholders in Seattle, Washington (Reuters) - Starbucks Corp executive Michelle Gass, who was instrumental in the world's biggest coffee chain's post-recession U.S. turnaround, is leaving after more than 16 years to become chief customer officer at retailer Kohl's Corp . Gass, known for having led many big initiatives at Starbucks, including the development of Frappuccino blended drinks, will join Kohl's in the newly created position on June 17, the low-price department store said on Wednesday. ...


Electric carmaker Tesla pays off U.S. loan

Tesla Chief Executive Office Elon Musk speaks at his company's factory in Fremont DETROIT (Reuters) - Electric carmaker Tesla Motors Inc on Wednesday said it has paid off its U.S. Department of Energy loan, using money raised last week in a stock and notes offering. The automaker said it wired $451.8 million to repay the full loan with interest. "I would like to thank the Department of Energy and the members of Congress and their staffs that worked hard to create the (Advanced Technology Vehicle Manufacturing) program, and particularly the American taxpayer from whom these funds originate," Tesla Chief Executive Elon Musk said in a statement. "I hope we did you proud. ...


Tesla uses stock, note sale to repay government

DETROIT (AP) — Electric car maker Tesla Motors says it has repaid a loan from the U.S. government nine years early.

See Jupiter, Venus and Mercury Dance in Sunset Sky

See Jupiter, Venus and Mercury Dance in Sunset Sky Take a look at the western sky just after sunset this week, and you’ll see an amazing sight: three bright planets in close formation.


HP's slumps deepens in 2Q as earnings fall 32 pct

SAN FRANCISCO (AP) — Hewlett-Packard's slump is deepening as the world's largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices.

Stocks fall on news Fed weighed cutting stimulus

In this Aug. 11, 2010 photo, specialist John Urbanowicz, left, talks with a colleague on the floor of the New York Stock Exchange. Stocks are opening Wednesday, May 22, 2013, slightly higher as investors watch for the latest moves from the Federal Reserve. (AP Photo/Richard Drew) NEW YORK (AP) — Stocks are closing lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve.


Google Maps Gets a 'Face-Lift'

Google Maps Gets a 'Face-Lift' What happens when you combine Google Maps with facial recognition software? You get Google Faces – a search tool that scans the earth's surface, finding human features in unlikely places.


Bernanke says more progress needed before stimulus pullback

Federal Reserve Board Chairman Bernanke testifies before the Joint Economic Committee in Washington By Pedro da Costa and Alister Bull WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday. A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain momentum, Bernanke told Congress. But minutes from the Fed's most recent meeting released on Wednesday showed the bar was still relatively high. ...


Bob Lutz, Chinese parts maker offer $20 million for Fisker: sources

Vice Chairman at General Motors, Bob Lutz attends the New York International Auto Show in New York DETROIT (Reuters) - China's largest auto parts maker and a boutique car company led by former General Motors Co executive Bob Lutz have offered $20 million to buy "green" carmaker Fisker Automotive, people familiar with the matter said on Wednesday. Wanxiang and VL Automotive are looking to buy Fisker, which has not built a car since July, through a prepackaged bankruptcy deal. A separate team of investors is looking to buy out the U.S. Department of Energy's position in Fisker. A spokesman for VL Automotive declined to comment. Pin Ni, president of Wanxiang's U.S. ...


PepsiCo rethinks U.S. pricing to attract more everyday buyers

Cases of Pepsi are displayed for sale in Carlsbad (Reuters) - PepsiCo Inc said it is tweaking its drink-pricing strategy in some parts of the United States, as it aims to wean consumers off the habit of buying soda only when it is on sale. The strategy, which PepsiCo refers to as "hybrid everyday value," involves narrowing the gap between soda prices on holidays and regular days. It aims to lessen the discounts on holidays, when a 12-pack of 12-ounce cans can cost as little as $2.50 to $3, and lower prices throughout the rest of the year, when the same package can cost as much as $5.99. ...


Europe targets Switzerland in fight against bank secrecy

Greece's PM Samaras talks to his Italian counterpart Letta next to Cyprus' President Anastasiades during a European Union leaders summit in Brussels By John O'Donnell and Martin Santa BRUSSELS (Reuters) - Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign depositors but Vienna's support could fade should efforts to strike a similar deal with Switzerland fail. Austria's dropping of objections allowed EU leaders to commit to an exchange of bank information between countries by the end of the year, as cash-strapped states seek to stop tax evasion and close loopholes highlighted by Apple Inc's use of a base in Ireland. ...


Oil falls near $94 on small drop in supplies

The price of oil fell near $94 a barrel Wednesday as the nation's oil supply fell less than expected and demand for gasoline remained weak.

Fiat Industrial aims to shift tax home to Britain

Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros ($646 million) in tax revenues if it moves its tax base to Britain after it completes ...

Delta Airlines wants to stop Ex-Im help on big jets

Passenger waits for his flight near a Delta Air Lines logo at Detriot Airport By Alwyn Scott (Reuters) - Delta Air Lines Inc wants the U.S. Export-Import Bank to stop helping state-owned foreign airlines buy wide-body jets from Boeing Co , and would be willing to forgo such support for its own purchases if all such subsidies were eliminated, its chief executive said on Wednesday. "We would be perfectly willing, if we had a total moratorium on narrow-body and wide-body financing, to forego" export credit help on narrow-body jet purchases from Bombardier , Delta CEO Richard Anderson said in an interview with Reuters. ...


Fed weighed slowing its pace of bond purchases

WASHINGTON (AP) — Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June — if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains.

EU steps up fight against tax evasion by end 2013

German Chancellor Angela Merkel addresses the media at the end of an EU summit in Brussels on Wednesday, May 22, 2013. European Union leaders on Wednesday sought to advance their fight against tax fraud and close the loopholes for large corporations' tax avoidance schemes. (AP Photo/Ezequiel Scagnetti) BRUSSELS (AP) — The European Union's leaders took a major step in tackling tax-dodgers Wednesday by pushing to end bank secrecy across the bloc's 27 members by the end of the year.


Bernanke signals Fed to maintain stimulus efforts

Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, Wednesday, May 22, 2013, before the Joint Economic Committee hearing on "The Economic Outlook" . Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs. (AP Photo/Manuel Balce Ceneta) WASHINGTON (AP) — Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs.


Home sales close in on three-and-a-half year high

Single family home is shown with a sale pending in Encinitas By Lucia Mutikani WASHINGTON (Reuters) - Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by Washington. The National Association of Realtors said on Wednesday existing home sales advanced 0.6 percent to an annual rate of 4.97 million units, the highest level since November 2009. The data underscored the housing market's improving fortunes as it starts to regain its lost glory. Resales were 9.7 percent higher than the same period last year. ...


Soitec Announces Industry's First Four-Junction Solar Cell for Concentrator Photovoltaic Systems, Entering Industry's ...

BERNIN, France, May 22, 2013 /PRNewswire/ -- Soitec (Euronext), a world leader in generating and manufacturing revolutionary semiconductor materials for the electronics and energy industries, announced ...

Target's 1Q profit drops 29 pct on weak sales

In this Thursday, Jan. 10, 2013, photo, hundreds of prospective candidates await their turn to apply for job openings at a Target job fair in Los Angeles. Target reports its quarterly earnings on Wednesday, May 22, 2013. (AP Photo/Damian Dovarganes) NEW YORK (AP) — Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending.


Moon Crash Scene Investigation Tonight: See Telescope Views of Meteorite Impact

Moon Crash Scene Investigation Tonight: See Telescope Views of Meteorite Impact The lunar crash site from an meteorite strike on the moon is taking center stage in cosmic crime scene investigation and you can see the space rock impact zone online in a free webcast tonight (May 22).


Innodisk Releases World's First Industrial-Embedded SATA uSSD - nanoSSD

Taipei, Taiwan -- Innodisk, a designer and manufacturer of SSDs for commercial and industrial applications, announces a release of the industrial-embedded industry's first SATA device in accordance to ...

Cheesecake Factory sets opening date at Twelve Oaks

The Cheesecake Factory has set an opening date for its location at the Twelve Oaks Mall.

Research and Markets: Industrial Diamond Market Review 2013

Research and Markets has announced the addition of the "Industrial Diamond Market Review" report to their offering.

US auto factories cutting back on summer downtime

FILE - In this Dec. 1, 2010 file photo, plant employees assemble a 2011 Ford Explorer on the assembly line at Ford's Chicago Assembly Plant. Ford Motor Co. said Wednesday, May 22, 2013 that 21 of its North American factories will shut for only one week this summer. That includes the Chicago plant that makes the Ford Explorer SUV and the Mexican plant that makes the Fusion sedan. (AP Photo/M. Spencer Green, File) DETROIT (AP) — The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks.


Could Science Hatch the Perfect Fake Egg?

SAN MATEO, Calif. — Fake eggs made from plant materials could one day replace chicken eggs, one researcher says.

First UL Listed Industrial GFCI from Littelfuse Protects Workers

Littelfuse announced the SB6100 Series Industrial Shock-BlockTM, the first and only ground fault circuit interrupter device to meet UL 943C Class C and Class D requirements. Until now, GFCI devices have not been practical in industrial settings.

Solar industry pushes for more use in Ga.

The solar industry in Georgia is pushing a power monopoly to expand its use of solar energy as it plans to meet the state's electricity needs over the next two decades. State utility regulators heard testimony ...

Lowe's 1Q profit rises, but results miss Street

FILE - In this Monday, Sept. 10, 2012 file photo, dryers are seen from the inside of another clothes' dryer, foreground, at a Lowe's store location, in Framingham, Mass. Lowe's Cos. Inc. reports quarterly financial results before the market opens on Wednesday, May 22, 2013. (AP Photo/Steven Senne, File) NEW YORK (AP) — Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales.


H&M Says Garments Made in Cambodian Factory Without Approval

Hennes & Mauritz AB (HMB) , Europe’s second-biggest clothing retailer, said some H&M garments were produced without its knowledge or approval at a factory in Cambodia where workers were injured in a partial building collapse this week.

Industry-Controlled Responsible Jewellery Council Fails on Preventing Conflict Diamonds and Dirty Gold

Industry-Controlled Responsible Jewellery Council Fails on Preventing Conflict Diamonds and Dirty Gold

Industry's First 802.11ac 4x4 Reference Design Specifies ANADIGICS' WiFi FEICs

WARREN, N.J., May 22, 2013 /PRNewswire/ --  ANADIGICS , Inc. (Nasdaq: ANAD), a world leader in radio frequency (RF) solutions , today announced that its AWL9281 and AWL9581 WiFi front-end integrated circuits ...

Summit Industrial Income REIT Announces Strong Growth in First Quarter 2013

Summit Industrial Income REIT Announces Strong Growth in First Quarter 2013

Russia April Industrial Output Slowed Less Than Forecast

Russian industrial-output growth slowed as a stalling economy and weakening exports hurt demand.

Culver Company to Address Industry Safety Practices at the Utility Public Safety Alliance

Utility industry leaders looking to bolster their safety efforts amidst mounting pressures from customers, regulators, and insurers will benefit from a presentation by Culver Company Principal Brennan Culver at this year’s Utility Public Safety Alliance Annual Meeting .

Fiat Industrial considers making tax home in UK

Fiat Industrial is considering moving its tax home to Britain after it completes the merger with its U.S.-based subsidiary CNH. The possible move by the maker of heavy trucks, farm and construction vehicles ...

Rocky Mountain Chocolate Factory, Inc. to Host FY2013 Operating Results Conference Call on Thursday, May 23, 2013

Rocky Mountain Chocolate Factory, Inc. today announced that it will host an investor conference call at 4:15 p.m. Eastern Time on Thursday, May 23, 2013, to discuss the Company's operating results for ...

Factory setting example to employ women in farm sector

The largest fruit and vegetable factory has opened its doors to Saudi women for the first time, hiring 100 female employees and aiming to hire 300 more in the coming two years.The factory's Executive Chairman Saifullah Sharbatly said they took the initiative of hiring in line with labor market regulations to create jobs for Saudi women in the private sector across the Kingdom.“There is ample ...

Genomics Reveals Great Famine Culprit

Genome analysis of stored potato leaf samples identified exactly what strain of blight ravaged potatoes in the Irish famine. Sophie Bushwick reports

More tornadoes from global warming? Nobody knows

An American flag blows in the wind at sunrise atop the rubble of a destroyed home a day after a tornado moved through Moore, Okla., Tuesday, May 21, 2013. The monstrous tornado roared through the Oklahoma City suburb Monday, flattening entire neighborhoods and destroying an elementary school with a direct blow as children and teachers huddled against winds up to 200 mph. (AP Photo/Brennan Linsley) A deadly tornado hit suburban Oklahoma City on Monday. A quick look at some basic facts:


Fiat Industrial plans U.K. HQ for tax reasons

MILAN--Italy's Fiat Industrial SpA FI.MI plans to set up its head offices in the U.K. to lighten the tax burden for its shareholders, according to a U.S. regulatory filing. The maker of trucks and tractors, whose headquarters are in Turin, Italy, will do it after it buys out minority shareholders in its U.S.

Fiat Industrial seeks UK residence to cut tax bill

By Jennifer Clark MILAN (Reuters) - Italy-based truck and tractor maker Fiat Industrial (FI.MI) plans to lower its tax bill by shifting its residence to Britain after a planned merger with unit CNH (CNH.N), ...

News Summary: GM invests $44.5M in Lansing factory

EXPANSION: General Motors says it will invest $44.5 million at a Lansing, Mich., factory, creating 200 new jobs. It plans to construct a building next to the Lansing Grand River plant to assemble parts ...

Government plans policy sweeteners for insurance industry

By Chris Vellacott LONDON (Reuters) - Britain plans to boost the insurance industry with policy sweeteners such as tax breaks, hoping to nurture it as a source of investment and an engine of economic growth. Treasury minister Greg Clark said the government would extend to the insurance industry a series of measures announced earlier this year to boost asset managers. "The government recognises ...

Scale Computing Adds Industry Veteran Vanessa Alvarez

Scale Computing, the industry leading developers of hyperconverged solutions that seamlessly combine servers, storage and virtualization into a single system, today announced that

GM to invest $44.5M in Lansing Cadillac factory

General Motors says it will invest $44.5 million at a Lansing, Mich., factory, creating 200 new jobs. The automaker says it will build a 400,000-square-foot building next to the Lansing Grand River plant ...
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