COMPANIES

Energy Conversion bond holders hire advisors-source

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Debt holders of Energy Conversion Devices have formed an ad-hoc committee and hired legal and restructuring advisors, as the company faces the same pressures that led to the high-profile bankruptcy of Solyndra, said a source familiar with the matter.
iPhone 4S customers in line

Opening Day for the iPhone 4S Starts Early

It was 68 degrees by 8:00 in the morning Friday, but the loyal fans who had lined up outside the Apple Store at 1 Stockton Street in San Francisco had already braved (slightly) less hospitable temperatures.
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Samsung loses Dutch bid to ban Apple products

A Dutch court on Friday turned down Samsung Electronics' request for an injunction against all of Apple's mobile products that use 3G telecommunications technology, denying it revenge over a similar move by Apple.The two technology giants have been lo
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Freddie Mac: Mortgage Rates Up After Record Lows

An employment report that was better than market expectations helped to lift long-term Treasury bond yields and mortgage rates as well, Frank Nothaft, vice president and chief economist for Freddie Mac, said in a statement.
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Gibson Guitar CEO Slams U.S. Raids as 'Overreach'

Gibson Guitar Corp.'s chief slammed the U.S. government on Wednesday for sending armed agents to raid two Tennessee factories under a law aimed at curbing the illegal harvest of tropical hardwoods.
Sign for Safeway grocery store shown in San Francisco

Safeway Profit Tops Street; Shares Rise

Safeway Inc reported a quarterly profit that beat analysts' low expectations, benefiting from higher fuel sales and cost cuts, and its shares rose nearly 4 percent.
Vijay Mallya, co-owner of the Force India Formula One team, extends his hand to Sahara Group Chairman Subrata Roy at a news conference in New Delhi

Sahara Group Invests $100 mln in Force India

Indian business conglomerate Sahara group has invested $100 million in Force India and taken a 42.5 percent stake in the Formula One team which it now co-owns with liquor baron Vijay Mallya while Dutch entrepreneur Michiel Mol takes a backseat.
Apple CEO Tim Cook speaks at Apple headquarters in Cupertino, California

After iPhone's debut, Cook must reposition Apple brand

Apple Inc debuts its fifth generation iPhone this week minus its visionary leader for the first time. But CEO Tim Cook may already be thinking ahead to his greatest challenge: repositioning the company's fabled marketing apparatus to safeguard the brand.
Blackberry Bold 9900

Q&A on RIM's secretive BlackBerry network

Research in Motion is blaming technical problems in its highly secretive communications network for a three-day disruption in service to millions of BlackBerry users around the globe.
Peter pan peanut butter

Peanut Butter Prices to Skyrocket at Supermarkets Nationwide this Fall

Thanks to a hot summer which devastated the peanut crop, peanut butter prices are set to inevitably skyrocket this fall at supermarkets nationwide, and possibly even double. Looks like November, which is National Peanut Butter Lover’s Month according to Chase’s Calendar of Events published by McGraw-Hill, will be pretty costly for consumers.
Air Canada, union offer conflicting strike messages

Air Canada, union offer conflicting strike messages

The government, Air Canada and one of its unions sent out conflicting signals on Wednesday on the chance of an Air Canada strike, prompting mass confusion from travelers booked to fly on the country's largest airline.
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Three-day BlackBerry outages spread to North America

A three-day disruption of BlackBerry services spread to North America on Wednesday, frustrating millions of users of the Research In Motion smartphones and putting more pressure on the company for sweeping changes.
UAW, Chrysler Begin Contract Talks

Tentative Labor Deal Reached by Chrysler, UAW

The deal negotiated by Chrysler and the United Auto Workers includes a boost in hourly wages, additional bonuses, and an agreement by the company to bring over 2,000 jobs to the United States.
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US Takes Action Against Execs of Failed Calif. Bank

Two former executives of a bank that received a $300 million federal bailout before its collapse during the financial crisis are facing criminal and civil fraud charges for their role in trying to conceal loan losses.
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BoA-ML, TerraPass in California CO2 Offset Deal

Bank of America Merrill Lynch has joined forces with U.S.-based carbon portfolio manager TerraPass Inc in a bid to enter the nascent Californian emissions market, the bank said on Tuesday.

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