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Archive for July 28th, 2012

  • House to vote on drought relief, farm bill

    July 28, 2012 • BusinessComments Off

    Drought-damaged corn stalk is seen near Brownville, Neb., Thursday, July 26, 2012. The widest drought to grip the United States in decades is getting worse with no signs of abating. The drought covering two-thirds of the continental U.S. had been considered...

  • Facebook's stock sinks, so who should buy it?

    July 28, 2012 • BusinessComments Off

    FILE – In this May 16, 2012 file photo, the Facebook logo is displayed on an iPad in Philadelphia. Facebook’s stock hit a new low Friday, July 27, 2012, after it reported second-quarter results that disappointed investors. The stock fell $3.90, or...

  • Unemployment could stay high as US economy slows

    July 28, 2012 • BusinessComments Off

    FILE – In this Tuesday, May 1, 2012, file photo, worker Maria Contrero, of Boston, removes an elite running shoe from a sole press during the assembly process at the New Balance Athletic Shoe, Inc. factory in Boston. A U.S. economy that plodded along in...

  • Dow blows past 13,000 on hope for action in Europe

    July 28, 2012 • BusinessComments Off

    Traders work on the floor of the New York Stock Exchange Thursday, July 26, 2012. The Dow Jones industrial average on Thursday jumped 212 points following big gains in European markets. (AP Photo/Richard Drew) NEW YORK (AP) — Faced with Facebook, Starbucks...

  • Merck's 2Q net falls on charges, but sales rise

    July 28, 2012 • National NewsComments Off

    This Tuesday, July 17, 2012, photo shows the exterior of the Merck offices in Palo Alto, Calif. Merck & Co., reported Friday, July 27, 2012, that their second-quarter net income fell 11.4 percent as slightly higher sales were offset by acquisition and...

  • Numerous firearms stolen from New Mexico armory

    July 28, 2012 • State NewsComments Off

    RIO RANCHO, N.M. (AP) — Authorities say they’re investigating the theft of numerous firearms from the Rio Rancho Armory. City police say officers were dispatched to the armory on Wednesday after an alarm activated. When officers arrived, they saw that...

  • Court overturns Internet cafe gambling conviction

    July 28, 2012 • State NewsComments Off

    SANTA FE, N.M. (AP) — The state Court of Appeals has overturned a Las Cruces man’s conviction of running a gambling enterprise out of his Internet cafe. Michael Vento was convicted in 2009 of one felony count of commercial gambling, but the court...

  • Nev. man pleads guilty to bank heists in 3 states

    July 28, 2012 • State NewsComments Off

    ALBUQUERQUE, N.M. (AP) — Authorities say a Nevada man has pleaded guilty to robbing three banks last year, including one in New Mexico and another in Arizona. Prosecutors say 27-year-old Justin A. Wolaver, of Las Vegas, entered a plea agreement Friday in an...

  • Police seek help in identifying body in Shiprock

    July 28, 2012 • State NewsComments Off

    SHIPROCK, N.M. (AP) — Authorities are seeking to identify a woman whose body was found in an irrigation canal in Shiprock. The FBI says no one matching the woman’s description has been reported missing in the area. The woman is believed to be Native...

  • 101-year-old northern NM dam on brink of failure

    July 28, 2012 • State NewsComments Off

    LAS VEGAS, N.M. (AP) — A century-old dam in northern New Mexico that holds a city’s water supply is riddled with holes and on the brink of failure. About 60 million gallons of water is leaking through the 101-year-old Peterson Dam in Las Vegas every...