Business News for Thursday October 28, 2010

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LED lamp maker to open plant in New York KINGSTON, N.Y. (UPI) -- A Florida firm developing LED lights to replace incandescent and fluorescent bulbs will move some production to New York from China, officials said Wednesday. The Leds America Inc. move to a converted Kingston, N.Y., IBM Corp. campus known as TechCity will add some 100 manufacturing jobs within 12 months, officials said. The Kingston operation will serve the U.S. and Canadian markets, while the Chinese plant will serve the rest of the world, said ... Continue Reading... Post a Comment | Share | Print Homeowners show restraint at refinancing WASHINGTON (UPI) -- U.S. homeowners refinancing mortgages in the third quarter showed high levels of restraint, the U.S. Federal Home Loan Mortgage Corp. said Wednesday. While taking advantage of lower interest rates to refinance in the third quarter, 33 percent of homeowners brought cash to the closing to immediately lower their loan's principal, Freddie Mac said. On the other side of the coin, only 18 percent of homeowners added to their loans by asking for extra cash at the ... Continue Reading... Post a Comment | Share | Print Court shuts down file-sharing Web site NEW YORK (UPI) -- File-sharing U.S. Web site LimeWire posted an online notice Wednesday telling visitors it had been court-ordered to stop any illegal content distribution. The notice appears like a sign nailed to the door of a building, advising its visitors that a court had shut the Web site down. U.S. District Judge Kimba Wood issued the order after four years of court battles with the Recording Industry Association of America, which negotiated settlements on ... Continue Reading... Post a Comment | Share | Print Advertisement How to build an effective marketing business on the 'Net Free Zippo Lighter! FTC ends Google investigation WASHINGTON (UPI) -- The U.S. Federal Trade Commission said Wednesday it is ending its investigation of Google's inadvertent gathering of WiFi data via its "Street View" program. The FTC sent a letter to a Google attorney Wednesday indicating the inquiry into the data-collection controversy is closed, InformationWeek reported. In May, Google made public the fact the Internet giant had gathered private data, including passwords, over individuals' WiFi networks as its "Street... Continue Reading... Post a Comment | Share | Print     More Headlines • Data helps trim U.S. market losses • Crude oil prices hold near $82 • Grain futures mostly higher in Chicago • Novartis to expand in Cambridge, Mass. • Data fails to halt market correction     More News From ArcaMax Current News Entertainment News Business News Sports Political News Weird News Religious News Lifestyles

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