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Today's National Business News Headlines

Friday 11.20.2009

Barnes & Noble Nook 'sold out' before it ships

Barnes & Noble said Friday that it can't take any more holiday orders for its new Nook e-reader. (GOOG)

Silicon Valley / San Jose Business Journal
UPS hiking rates for 2010

United Parcel Service Inc. will raise its rates an average of nearly 5 percent next year. (UPS)

Atlanta Business Chronicle
FICO loses credit score trademark fight

Minnetonka-based Fair Isaac Corp., also known as FICO, has lost its lawsuit against some of its competitors over the use of credit scores. (FICO)

Minneapolis / St. Paul Business Journal
Twitter has revenue, plans more with ads

Twitter Inc. has about $4 million in annual revenue and should see more soon when it adds advertising, a top executive of the popular micro-blogging business said Friday. (GOOG) (MSFT)

Silicon Valley / San Jose Business Journal
Protests continue across UC campuses

Students continue to protest a hike in student fees at the University of Calfornia system, a day after students took over Campbell Hall and and blocked streets on the campus of UCLA.

Los Angeles Business from bizjournals
BofA cuts charity funding

Bank of America Corp. will no longer match charitable contributions made by its retirees. (BAC)

Charlotte Business Journal
Valero to shut down Delaware refinery, lay off 550 workers

Valero Energy Corp. said Friday that it will permanently close the company’s Delaware City, Del., refinery due to ongoing financial losses. The shutdown will affect 550 employees at the plant. (VLO)

San Antonio Business Journal
Moeller: P&G not focusing on acquisitions

Procter & Gamble Chief Financial Officer Jon Moeller told investors Friday that the company doesn’t see acquisitions as a major part of its growth strategy. (PG)

Business Courier of Cincinnati
Movie Gallery to pilot video download technology

Movie Gallery Inc. will pilot new technology that lets customers download movies and TV shows from in-store kiosks to USB devices.

Portland Business Journal
Palm Pixi price slashed 75% days after release

Wal-Mart Stores Co. Inc. and Amazon.com Inc. cut the price on the new Pixi phone from Palm Inc. by 75 percent to $24.99 only days after it went on the market. (PALM) (AMZN)

Silicon Valley / San Jose Business Journal
Dell profits plunge 54%

Dell Inc. said its quarterly profit dropped by 54 percent on slow sales in the third quarter, though it also predicted a rebound in demand related to the roll-out of the new Windows 7 operating system.

The Business Journal of the Greater Triad Area
New Google book deal gets preliminary OK

A federal judge gave preliminary approval Thursday to the revised online book settlement between Google Inc. and a group of authors and publishers. (MSFT) (AMZN) (GOOG)

Silicon Valley / San Jose Business Journal
EU extends deadline on Oracle-Sun deal

The European Union deadline has been extended on the antitrust review of Oracle Corp.'s $7.4 billion acquisition of Sun Microsystems Inc. (ORCL) (JAVA)

Silicon Valley / San Jose Business Journal
Report: GE, Vivendi at least $1B off on value of NBC stake

General Electric Co. and French conglomerate Vivendi continue to negotiate the value of Vivendi's 20 percent stake in NBC Universal, and remain at least $1 billion apart, according to a report from the Financial Times.

Los Angeles Business from bizjournals
Newspaper ad sales fall again

With the depressed state of the overall economy, newspaper ad sales fell 28 percent in the third quarter.

Washington Business Journal
Folgers drives Smucker's 2Q profit jump

Second-quarter profits jumped 52 percent at J.M. Smucker Co., thanks to its November 2008 acquisition of Procter & Gamble Co.’s Folgers business. (JMS)

Business Courier of Cincinnati
Wide disparity in Facebook valuations

The true valuation of Facebook Inc. isn't likely to be known until it goes public or is acquired. (MSFT)

Silicon Valley / San Jose Business Journal
NRF: Gift cards still popular for the holidays

Gift cards will remain a popular item this holiday season, but a new survey showed gift recipients shouldn’t expect as much as they got last year.

Birmingham Business Journal
MySpace buys imeem

Financially troubled San Francisco streaming music service imeem Inc. has been acquired by MySpace, according to numerous reports.

San Francisco Business Times
Disgruntled shareholders look to place three directors on USA Technologies board

Two disgruntled USA Technologies Inc. shareholders have formed an organization that is seeking to have one of them and two other men elected to the company’s board of directors.

Philadelphia Business Journal
Shareholders approve Koss stock split

Koss Corp. shareholders approved a proposal Thursday to increase the number of common-stock shares the company can issue, enabling a two-for-one stock split the company said will keep its stock listed on the Nasdaq exchange. (KOSS)

The Business Journal of Milwaukee
Dell 3Q profit down 54 percent

Dell Inc. reported a 54 percent decline in third-quarter profits compared with the same period last year.

Austin Business Journal
Cardinals minority partner Kladis dies

The St. Louis Cardinals announced Thursday that minority partner Nick Kladis died earlier this week at his home in Chicago.

St. Louis Business Journal
Nike adds Phyllis Wise to board

Nike Inc. has added Phyllis M. Wise to its board. (NKE)

Portland Business Journal
Raiders extend Coliseum agreement to 2013

The Oakland Raiders have a tentative agreement to continue playing in their current home through the 2013 season.

San Francisco Business Times
Gap to buy back $500M of its shares

Gap Inc. is putting its $2.4 billion in cash and cash equivalents to use buying back shares.

San Francisco Business Times
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Thursday 11.19.2009

Google's Chrome OS is all about the Web
Google to bring captions to YouTube
Judge denies AT&T's request to block Verizon Wireless ads
U.S. recovers $2.4B in fraud settlements
General Growth Properties to emerge from bankruptcy by year end
General Growth Properties restructures mortgage debt
Gates Foundation gives $335M for U.S. education efforts
Liberty Media shareholders OK DirecTV spinoff
Maryland will use sugar beet molasses to fight storms
Malone decries Comcast-GE NBC deal in AP report
FAA computer problems delayed U.S. flights
Mortgage rates fall sharply
Study: New CEOs see lower pay in 2009
Reports: Vivendi looks to exit NBC Universal
Dick's Sporting Goods profit triples
Apple tablet seen delayed to late 2010
AOL to cut a third of its jobs
Gymboree's Q3 profit bounces up
LinkedIn, Microsoft in partnership
Power-hogging TVs banned in California
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Wednesday 11.18.2009

Report: GM bailout costs each taxpayer $12,200
Salesforce to sell corporate social networking
California settles with Wells Fargo for $1.4B
AirTran unveils seat-back advertising
Homeowners in the West 'least realistic': Zillow
Simon looking at General Growth assets
GAO points to conflict of interest in Aetna's Tricare bid
GE to collaborate on 'green' jet fuel
Court sides with Boeing on $1.1B contract
Midwest consumer prices edge up in October
AIA: October projects at highest point since August '08
Garmin launches custom map app
Sony Ericsson closing RTP operation, costing 400 jobs
Sony Ericsson closing RTP operation, costing 400-plus jobs
Subaru, Ford, VW, Audi among safest brands, concludes insurance institute
Delta, SkyTeam offer $1B to JAL
Google to offer more on Chrome OS plans
American Express buys Revolution Money for $300 million
Union Bank parent plans $11B stock sale
Gap Inc. puts Bill Fisher, son of its founders, on board
EA cutting 200 Pandemic Studios jobs
Brown Shoe announces management changes
Boeing gives pink slips to 250 employees
Gibson Guitar raided by U.S. Fish & Wildlife officers
Target to add 'PFresh' grocery concept at 350 stores
Madoff auction nets $2M
Activision opens Sledghammer Games in Foster City
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Tuesday 11.17.2009

Bills fire Jauron as head coach
Digimarc sues Shazam
MTV gets TV rights to 'This Is It'
Coca-Cola recasts juice branding
IRS: Thousands reveal secret offshore accounts
Comptroller sees rebound on Wall Street
Plasencia Group report: Hotel sales to increase next year
IATA: Premium travel dips in September
YouTube reaches out to news businesses
Delta offering free Thanksgiving Wi-Fi
Home Depot profit slides in third quarter
Study: 1 in 3 laptops fail within 3 years
Charter chairman Paul Allen diagnosed with cancer
CDC chief: Employers play big role in health care
Applied Materials buys Semitool for $364M
Medical marijuana can be taxed, says Colorado attorney general Suthers
Heelys appoints Tandy Brands CEO to Board
Sabrix sold to Thomson Reuters
Trump hotel opens in Waikiki
AOL spinoff set for Dec. 9
NeurogesX wins FDA approval of pain patch
Associated Banc-Corp names new CEO
Medical marijuana can be taxed, says Colorado Attorney General Suthers
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Monday 11.16.2009

Coca-Cola wants to double revenue by 2020
Postal Service posts $3.8B annual loss
Vonage in $3M settlement with 32 states
Vonage reaches settlement with states
Fed unlikely to hike rates soon: Bernanke
Bradenton GE subsidiary acquired by UTC for $1.82B
NRF: Retail sales mixed in October
Charge-offs down, delinquencies up at Capital One
Construction backlog grows in September
Reports: MGM up for sale
Feds charge fraud in food to troops
Nabi soars on Glaxo deal for smoking vaccine
Harry Potter casts 'Spells' on iPhone
UPS sees slight uptick in holiday biz
Madoff's boats, car hitting auction block
Apple wins round in Psystar copyright fight
Coke's 'PlantBottle' arrives
Beazer CEO may face civil charges
GM sees improvement despite 3Q loss
Simmons files for Chapter 11
Sprint Nextel pays off $1B balance on credit line
Lowe's 3Q earnings drop 29.5%
Lawsuit says HP's 3Com offer too low
Cisco raises Tandberg bid to $3.39B
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