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Number of US illegal immigrants from Mexico drops

Apr 23, 2012

By HOPE YEN, Associated Press

WASHINGTON (AP) — The number of Mexican immigrants living illegally in the U.S. has dropped significantly for the first time in decades, a dramatic shift as many illegal workers, already in the U.S. and seeing few job opportunities, return to Mexico.

An analysis of ...

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Google's 1Q lobbying bill more than triples to $5M

Apr 23, 2012

By MICHAEL LIEDTKE, Associated Press

SAN FRANCISCO (AP) — Google's U.S. lobbying bill more than tripled to $5 million during the first three months of the year amid increased government scrutiny of the Internet search leader's business and privacy practices.

The first-quarter expenses for ...

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Striking Lockheed Martin Workers Picket in Texas

Apr 23, 2012

FORT WORTH, Texas (AP) — Unhappy with proposed changes to health care benefits and pension plans, dozens of Lockheed Martin workers started picketing Monday at a North Texas plant where F-35 stealth fighter jets are made, as well as outside flight test centers in two other states.

The strike by ...

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Wal-Mart Stores stock slides on bribery probe

Apr 23, 2012

NEW YORK (AP) — Shares of Wal-Mart Stores fell nearly 5 percent after a news report alleged executives at the company's Mexican subsidiary carried out a vast bribery scheme and tried to hush it up.

Wal-Mart's stock price fell $2.70 to $59.75 in midday trading, wiping out its gains since the ...

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Adobe to launch new software suite for designers

Apr 23, 2012

By BARBARA ORTUTAY, Associated Press

NEW YORK (AP) — Adobe is launching the latest version of its software package for designers and Web developers.

Adobe Systems Inc. unveiled Creative Suite 6 on Monday at an event in San Francisco. CS6 includes Photoshop, Illustrator and other programs.

Unlike ...

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Kellogg's bleak outlook raises stakes on Pringles

Apr 23, 2012

By CANDICE CHOI and MICHELLE CHAPMAN, Associated Press

NEW YORK (AP) — Kellogg's lowered forecast for 2012 is raising the stakes on the breakfast food giant's purchase of Pringles earlier this year.

The Battle Creek, Mich.-based company on Monday cited a weaker-than-expected first quarter in ...

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Microsoft Sells AOL Patents to Facebook

Apr 23, 2012

NEW YORK (AP) — Microsoft, which just bought patents from AOL for $1 billion, is now turning around and selling most of them to Facebook for $550 million.

Facebook is buying about 650 of the 925 AOL patents and patent applications that Microsoft bought, Microsoft and Facebook said Monday.

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Israeli leader plays down gas dispute with Egypt

Apr 23, 2012

By JOSEF FEDERMAN, Associated Press

JERUSALEM (AP) — Israel's prime minister on Monday scrambled to contain the damage from Egypt's decision to cut off natural gas exports, dismissing the matter as a mere "business dispute" as he tried to prevent a full-fledged diplomatic crisis.

The comments by ...

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ECB officials resist nudge from IMF, US to do more

Apr 23, 2012

By DAVID McHUGH, Associated Press

FRANKFURT, Germany (AP) — Officials from the European Central Bank are pushing back against calls from the United States and the International Monetary Fund to offer more support to the struggling economies of the 17 countries that use the euro and indebted ...

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Retro protest at Abercrombie & Fitch's London site

Apr 23, 2012

By ROBERT BARR, Associated Press

LONDON (AP) — A tongue-in-cheek protest aimed at fighting vulgarity has targeted Abercrombie & Fitch, the American clothier that plans to open a children's shop on London's storied Savile Row.

The planned shop would be at No. 3 Savile Row, once the home of Apple ...

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Iceland ex-PM convicted on 1 of 4 bank charges

Apr 23, 2012

By ANNA ANDERSEN, Associated Press

REYKJAVIK, Iceland (AP) — The leader of Iceland's government when the nation's banking system collapsed was convicted Monday of one criminal charge, cleared on three others and faces no punishment, a special court announced.

The court also said the state would ...

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Repsol threatens to sue firms that help Argentina

Apr 23, 2012

By ALAN CLENDENNING, Associated Press

MADRID (AP) — Spanish energy firm Repsol warned Monday that it would consider legal action against companies or investors that help Argentina exploit oil fields Repsol had planned to tap before its Argentine unit YPF was nationalized.

Repsol discovered vast ...

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Supreme Court Rejects Appeal in Enron-Related Case

Apr 23, 2012

WASHINGTON (AP) — The Supreme Court has turned away an appeal from a former Merrill Lynch executive who was convicted on perjury and obstruction charges that stemmed from a bogus 1999 deal involving Enron.

The justices did not comment Monday in leaving in place a federal appeals court ruling that ...

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ConocoPhillips 1Q profit drops 3 pct

Apr 23, 2012

By CHRIS KAHN, Associated Press

NEW YORK (AP) — ConocoPhillips said Monday that its first-quarter profit dropped 3 percent due to a decline in production following the sale of billions of dollars of oil fields and other assets.

The Houston company reported earnings of $2.94 billion, or $2.27 per ...

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Starbucks to Open on Disney Properties

Apr 23, 2012

By CANDICE CHOI, Associated Press

NEW YORK (AP) — Starbucks is about to perk up "the happiest place on earth."

The Seattle-based coffee chain on Monday is announcing a partnership to open a store inside each of the six Disney properties in California and Florida.

The first will open this summer ...

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Court rejects torture victims' appeal vs. Chevron

Apr 23, 2012

WASHINGTON (AP) — The Supreme Court has turned away an appeal by Nigerians seeking to hold Chevron accountable for deaths in the Niger Delta under a U.S. law aimed at helping torture victims.

The court's action Monday follows a unanimous decision last week that the Torture Victim Protection Act ...

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Adobe to launch new software suite for designers

Apr 23, 2012

By BARBARA ORTUTAY, Associated Press

NEW YORK (AP) — Adobe is launching the latest version of its software package for designers and Web developers.

Adobe Systems Inc. is set to announce CS6 on Monday at an event in San Francisco. Creative Suite 6 includes Photoshop, Illustrator and other ...

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BAA sells Edinburgh airport for $1.3 billion

Apr 23, 2012

LONDON (AP) — Airport operator BAA Ltd. said Monday it has agreed to sell Edinburgh airport to Global Infrastructure Partners for 807 million pounds ($1.3 billion).

The sale complies with an order by the Competition Commission, the U.K.'s antitrust watchdog, that BAA dispose of either its ...

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Thousands of tons spilled at oil field in Russia

Apr 23, 2012

MOSCOW (AP) — Up to 2,000 tons of oil have spilled from a major field in northern Russia after workers struggled to contain the leak for two days, officials said.

The accident happened at the Trebs oil field in the Nenets Autonomous District on Friday following work on an exploratory well. The oil ...

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Are markets afraid France will elect a Socialist?

Apr 23, 2012

By SARAH DiLORENZO, Associated Press

PARIS (AP) — France's stock market moved deep into the red Monday and the euro tumbled after the Socialist candidate came out on top in the first round of the country's presidential election, raising questions about whether the markets are nervous about a ...

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