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Archive for June 29th, 2012

  • Nike 4Q net income falls on high costs

    June 29, 2012 • BusinessComments Off

    In this Monday, March 19, 2012, photo, Nike shoes are displayed at Modell’s Sporting Goods, Monday, March 19, 2012, in Philadelphia. Nike says its fourth-quarter net income fell 8 percent as restructuring charges and higher raw material costs offset...

  • RIM to cut 5,000 jobs, delay new phones

    June 29, 2012 • BusinessComments Off

    In this Monday January 23, 2012, photo, an unidentified person walks past part of the Research in Motion (RIM) campus in Waterloo, Ontario. Struggling BlackBerry maker Research in Motion Ltd. revealed Thursday, June 28, 2012, that its business is crumbling...

  • With plea, Madoff's brother will enter spotlight

    June 29, 2012 • BusinessComments Off

    FILE – In this April 3, 2009 file photo, Peter Madoff, brother of Bernard Madoff, attends his court hearing before judge Stephen Bucaria at Mineola State Supreme Court, in Mineola, N.Y. Madoff will plead guilty on Friday, June 29, 2012, to conspiracy...

  • Tepid economic growth weighs on US job market

    June 29, 2012 • BusinessComments Off

    FILE – In this Feb. 28, 2012 file photo, workmen prepare the Valley Forge Casino Resort for its upcoming opening, in Valley Forge, Pa. The Commerce Department reported on Thursday, June 28, 2012, that the U.S. economy expanded at a 1.9 percent annual...

  • Casual e-mails tell chilling story of market fixes

    June 29, 2012 • BusinessComments Off

    A view of Barclay’s headquarter at London’s Canary Wharf financial district, Thursday, June 28, 2012. Barclays PLC and its subsidiaries will pay about 453 million US dollars to settle charges that they tried to manipulate interest rates that can...

  • NM court limits executive privilege in IPRA case

    June 29, 2012 • State NewsComments Off

    SANTA FE, N.M. (AP) — The New Mexico Supreme Court has significantly limited the ability of government officials to use executive privilege when denying access to records under the Inspection of Public Records Act. The court’s ruling comes in a case...

  • Paycheck problems affect 7,100 state workers

    June 29, 2012 • State NewsComments Off

    SANTA FE, N.M. (AP) — Gov. Susana Martinez’s administration says about 7,100 state workers will receive incorrect paychecks because of a possible software glitch in the government’s payroll system. Department of Finance and Administration...

  • Schott to close 'flagship' solar plant

    June 29, 2012 • State NewsComments Off

    ALBUQUERQUE, N.M. (AP) — Schott Solar announced Thursday it would be closing what the company once billed as its North American flagship manufacturing plant, leaving more than 200 employees without jobs. Schott spokesman Matthew Kraft confirmed the...

  • Health care ruling leaves NM to decide on Medicaid

    June 29, 2012 • State NewsComments Off

    SANTA FE, N.M. (AP) — The governor and Legislature face a critical policy choice in the wake of Thursday’s U.S. Supreme Court ruling on a federal health care overhaul and must decide whether to expand the state’s biggest health care program to...

  • NM board OKs $688K for wildfire aid, flooding

    June 29, 2012 • State NewsComments Off

    SANTA FE, N.M. (AP) — The state is offering emergency loans of $688,000 to local governments coping with damage from a wildfire in southern New Mexico and to strengthen an earthen dam at risk of failing if rains produce expected flooding in fire-scarred...