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Fabless future: Struggling AMD spins off factories

For years, Advanced Micro Devices Inc.'s scrappy image was best summed up by an insult that founder Jerry Sanders lobbed against rivals: "Real men have fabs."

Acme United ups quarterly dividend by 25 percent

Acme United Corp., which supplies cutting devices and other products, said Tuesday it will raise its quarterly dividend by 25 percent to 5 cents per share, citing expectations of strong earnings and cash flow.

Animal rights group opposed to fur targets Armani

The PETA animal rights organization is targeting Armani in its latest anti-fur campaign. PETA senior vice president Dan Mathews said Tuesday that Armani has used rabbit fur in its winter collections now in stores despite a no-fur pledge.

Congress scolds former AIG executives over crisis

Executives at American International Group Inc. hid the full range of its risky financial products from auditors as losses mounted, according to documents released Tuesday by a congressional panel examining the chain of events that forced the government to bail out the conglomerate.

Sector Snap: Foodmakers shares mixed

A Barclays Capital analyst said Tuesday most food makers should see higher profits in the third quarter and fiscal 2009 due to price increases the companies have taken to offset higher costs.

Skylar Deleon Yacht Murder Trial Begins

Skylar Deleon, who is famous for his role as a child actor on Mighty Morphin Power Rangers, murder trial began on Tuesday.

August borrowing drops at 3.7 percent rate

Consumer borrowing fell in August for the first time in more than a decade as households, battered by rising job layoffs and the decaying economy, cut back sharply on their use of credit.

Zix affirms 3Q revenue forecast

Zix Corp., which provides e-mail encryption services, on Tuesday affirmed its outlook for third-quarter revenue. Zix, which also sells a service that lets doctors order prescriptions through a mobile handheld or Web site, said it's on track to report revenue of $6.6 million to $7 million in the quarter.

Sector Snap: Home improvement comps to decline

An analyst for RBC Capital Markets says same-store sales will likely continue to fall for the next four quarters at large home improvement retailers, but The Home Depot Inc. and Lowe's Cos. Inc. should both see improvement by the second half of 2009.

David Duchovny 's sex addiction rehab was a success: Lawyer

David Duchovny's sex addiction rehab was completed "successfully," the actor's lawyer said in a statement Monday.