International Business News - Industries http://www.ibtimes.com/industries/ All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Cisco Systems Inc., the world's biggest maker of networking equipment, said its data-center chief, Jayshree Ullal will leave the company. 114340 http://www.ibtimes.com/articles/20080509/cisco-data-center-jashree-ullal.htm Fri, 09 May 2008 22:06:03 EDT Merrill Lynch & Co's head of structured finance and investments Michael Blum is leaving the company as the brokerage scales back its securitization business, people familiar with the matter told Bloomberg. 114337 http://www.ibtimes.com/articles/20080509/merrill-lynch-michael-blum.htm Fri, 09 May 2008 21:49:04 EDT The board of Children's Place Retail Stores Inc. said Friday it has approved a request from its former chief executive Ezra Dabah to work on a proposal to acquire the company with a private equity firm. 114332 http://www.ibtimes.com/articles/20080509/childrens-place-allows-former-ceos-acquisition-talks.htm Fri, 09 May 2008 21:12:34 EDT Boeing Co. and Machinists union representatives met Friday to open contract talks, exchanging proposals on pay, pensions, health care and other issues. 114324 http://www.ibtimes.com/articles/20080509/boeing-machinists-union-open-contract-negotiations.htm Fri, 09 May 2008 20:27:55 EDT From the poorest of Africa to the United States and big business, a breakneck rally that could take oil to $200 a barrel is likely to inflict pain on everyone. 114318 http://www.ibtimes.com/data/articleimgs/45152-.jpg http://www.ibtimes.com/articles/20080509/world-begins-smart-from-oil-039-too-rapid-rise.htm http://www.ibtimes.com/articles/20080509/world-begins-smart-from-oil-039-too-rapid-rise.htm Fri, 09 May 2008 19:46:00 EDT Oil production at Prudhoe Bay, the nation's most prolific oil field, halted on Friday when a vehicle clearing snowdrifts damaged the power supply to processing centers. 114315 http://www.ibtimes.com/articles/20080509/alaskas-prudhoe-bay-oil-output-halted-out-by-power-outage.htm Fri, 09 May 2008 19:41:14 EDT The Aerospace Industries Association spent $200,000 in the first quarter to lobby on a range of issues critical to aerospace and defense sector, according to a disclosure report filed April 18. 114309 http://www.ibtimes.com/articles/20080509/aerospace-trade-group-spent-200-000-to-lobby-in-1q.htm Fri, 09 May 2008 19:16:20 EDT Defense contractor Lockheed Martin Corp. spent $3.78 million in the first quarter to lobby on funding for a range of Defense Department and Homeland Security programs and other issues, according to a disclosure form filed April 18. 114304 http://www.ibtimes.com/articles/20080509/lockheed-spent-3-78m-in-1q-to-lobby-on-dod-dhs-programs.htm Fri, 09 May 2008 19:09:39 EDT Military contractor Raytheon Co. spent $1.1 million in the first quarter to lobby on funding for a range of Defense Department and Homeland Security programs, among other issues. 114303 http://www.ibtimes.com/articles/20080509/raytheon-spent-1-1m-in-1q-to-lobby-dod-other-agencies.htm Fri, 09 May 2008 19:07:22 EDT Continental Airlines spent $950,000 in the first quarter to lobby on federal aviation funding and other issues, according to a disclosure form. The airline lobbied on legislation dealing with funding for the Federal Aviation Administration, security matters, customer service commitments, extending a federal war risk insurance program and other issues, according to the form posted online April 21 by the House clerk's office. 114301 http://www.ibtimes.com/articles/20080509/continental-airlines-spent-950-000-lobbying-in-1q.htm Fri, 09 May 2008 19:02:17 EDT American Airlines, the nation's largest carrier, spent $1.4 million in the first quarter to lobby on federal aviation funding and other issues, according to a disclosure form. 114298 http://www.ibtimes.com/articles/20080509/american-airlines-spent-1-4-million-lobbying-in-1q.htm Fri, 09 May 2008 18:56:45 EDT An Esmark Inc. subsidiary has settled a lawsuit filed by a family owned scrap business that claimed the company illegally interfered with a supply contract with Wheeling-Pittsburgh Corp. 114297 http://www.ibtimes.com/articles/20080509/esmark-herman-strauss-settle-contract-dispute.htm Fri, 09 May 2008 18:54:20 EDT Gov. Joe Manchin's office is getting involved in contract talks between The Greenbrier and unions representing about 1,100 employees. Manchin said Friday that his special adviser for labor negotiation, Stanley Hostler, will participate in the negotiations. Officials with The Greenbrier and the unions are scheduled to meet Wednesday. The luxury resort is owned by CSX Corp., based in Jacksonville, Fla. 114292 http://www.ibtimes.com/articles/20080509/w-va-governors-office-to-join-greenbrier-contract-talks.htm Fri, 09 May 2008 18:34:37 EDT Among the earnings projection stories for Friday, May 9, from AP Financial News: Top stories: 114291 http://www.ibtimes.com/articles/20080509/outlook-roundup-fedex-cornell.htm Fri, 09 May 2008 18:34:16 EDT Among the earnings stories for Friday, May 9, from AP Financial News: NEW YORK (AP) _ Clear Channel Communications Inc., a major radio and outdoor advertising company, reported higher first-quarter earnings Friday on asset sales but operating results were flat, reflecting weak demand for radio advertising. 114290 http://www.ibtimes.com/articles/20080509/earnings-roundup-clear-channel-gentek.htm Fri, 09 May 2008 18:33:32 EDT Among the earnings stories for Friday, May 9, from AP Financial News: LAS VEGAS (AP) _ Casino operator Harrah's Entertainment Inc. reported Friday it swung to a first-quarter loss, citing costs associated with a deal to take it private and "challenging economic conditions." 114289 http://www.ibtimes.com/articles/20080509/earnings-roundup-harrahs-entertainment-live-nation.htm Fri, 09 May 2008 18:32:30 EDT EADS North America, part of European Aeronautic Defence and Space Co., spent $850,000 on its own behalf in the first quarter to lobby on Pentagon contracts, including a massive Air Force order for aerial refueling tankers, according to a disclosure report filed April 22. 114286 http://www.ibtimes.com/articles/20080509/eads-north-america-spent-850-000-to-lobby-in-first-quarter.htm Fri, 09 May 2008 18:24:39 EDT Northwest Airlines Corp. said Friday it plans to raise round-trip ticket prices $20 to offset fuel prices, bringing the total surcharge on domestic fares to $65 each way. 114281 http://www.ibtimes.com/articles/20080509/northwest-raises-fuel-surcharge-again.htm Fri, 09 May 2008 18:22:05 EDT Fitch Ratings said Friday it expects to assign an 'A+' rating on equity units issued by American International Group Inc., the world's largest insurer. 114284 http://www.ibtimes.com/articles/20080509/fitch-expects-to-assign-a-rating-to-aig-equity-units.htm Fri, 09 May 2008 18:21:36 EDT Valero Energy Corp., the biggest U.S. refiner, fell on Friday after Goldman Sachs analysts took the company of their "conviction buy list." 114280 http://www.ibtimes.com/articles/20080509/valero-energy-falls-goldman-removes-conviction-buy-label.htm Fri, 09 May 2008 18:19:43 EDT