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NY Times Co. hires BBC chief as next CEO

August 15, 2012 • BusinessComments Off

FILE – In this April 12, 2007 file photo, British Broadcasting Corporation Director-General Mark Thompson pauses during a news conference calling for the release of kidnapped BBC journalist Alan Johnston, in the West Bank city of Ramallah. The New York Times Co. on Tuesday, Aug. 14, 2012 named Thompson as its president and CEO. (AP [&hellip...

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Job cuts to cost Motorola tax credits in Illinois

August 15, 2012 • BusinessComments Off

FILE – In this May 6, 2011 file photo, Illinois Gov. Pat Quinn announces to Motorola employees that the Motorola Mobility Inc. corporate headquarters will stay in Libertyville, Ill. Google Inc. on Monday, Aug. 13, 2012 announced plans to cut 4,000 jobs...

New geek chic: Mohawks in, pocket protectors out

August 15, 2012 • BusinessComments Off

FILE -In this Sunday Aug. 5, 2012 file photo, flight director for the Mars rover Curiosity Bobak Ferdowsi, who cuts his hair differently for each mission, works inside the Spaceflight Operations Facility for NASA’s Mars Science Laboratory Curiosity...

Warm seawater forces Conn. nuclear plant shutdown

August 14, 2012 • BusinessComments Off

FILE – This March 18, 2003 aerial file photo shows the Millstone nuclear power facility in Waterford, Conn. Federal energy regulators said Monday, Aug. 13, 2012 that the nuclear power plant shut down one of two units Sunday because water from Long...

Oil boom brings scarcity of workers in small towns

August 14, 2012 • BusinessComments Off

In this Friday, July 20, 2012 photo, a drilling rig is pictured near Calumet, Okla. Oklahoma is one of several states, including North and South Dakota, that has enjoyed a boom in the energy sector driven in large part by new and improved drilling techniques...

Knuth named Press-Gazette executive editor

August 14, 2012 • BusinessComments Off

This undated photo shows Mike Knuth, who on Monday, Aug. 13, 2012 was named the new executive editor of the Green Bay Press-Gazette. The newspaper reports the 48-year-old becomes the 11th executive editor in the newspaper’s 93-year history. Knuth is...

Weak European economy hurts Groupon in 2Q

August 14, 2012 • BusinessComments Off

FILE – In this Sept. 22, 2011 file photo, the Groupon logo etched in glass is shown in the lobby of the online coupon company’s Chicago offices. Groupon Inc., said Monday, Aug. 13, 2012, that its second-quarter earnings beat Wall Street’s...

Phone cos. lose broadband subscribers for 1st time

August 14, 2012 • BusinessComments Off

FILE – In this 2006 file photo, a Verizon lineman connects fiber optic cable that will serve a home in North Bellmore, N.Y. Phone companies are losing the high-speed Internet game. In the second quarter, the landline phone industry lost broadband...

Sen. Murkowski criticizes petroleum reserve plan

August 14, 2012 • BusinessComments Off

U.S. Interior Secretary Ken Salazar speaks during a news conference Monday, Aug. 13, 2012, in Anchorage, Alaska. On the left is Mike Pool, acting director of the Bureau of Land Management, and Bud Cribley, right, Alaska director for the BLM. Salazar said the...

FedEx to offer US staff buyouts in cost cut effort

August 14, 2012 • BusinessComments Off

FILE – In this June 21, 2011 file photo, a FedEx employee climbs aboard a delivery truck as he makes his rounds in Springfield, Ill. FedEx Corp., said Monday, Aug. 13, 2012, they will soon begin offering buyouts to U.S. employees in an effort to cut...