Stocks rally for second day in a row

U.S. stocks posted their second consecutive day of gains Wednesday, turning the market around after a week’s worth of losses.
After starting out the day lower, the Dow Jones industrial average (INDU) rose 10 points, or 0.1%, to 10,416 the S&P 500 (SPX) inched up 2 points, or 0.2%, to 1,094 and the Nasdaq (COMP) […]

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Lattice Semiconductor CEO to step down

Lattice Semiconductor Corp. CEO Bruno Guilmart will leave the company next month to take a job as CEO of Kulicke & Soffa Industries Inc., a Pennsylvania-based manufacturer of semiconductor equipment.
Guilmart will relocate to Singapore, which Kulicke & Soffa described as the center of the company’s global operations. In a news release, the company said other […]

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Cornell’s files for bankruptcy protection; will remain open

Cornell’s Restaurant in Schenectady will remain open as the company that owns the restaurant’s real estate reorganizes its debts in U.S. Bankruptcy Court, officials said today.
The real estate holding company, 39-45 North Jay Street Corp., filed for Chapter 11 to protect itself from creditors, including American Tax Funding, which handles tax liens for the city […]

Biogen Idec moves forward with trials

Biogen Idec has successfully completed phase 1 and 2a safety trials of its new hemophilia B treatment rFIXFc and has begun phase 3 trials.
The Weston, Mass.-based company (NASDAQ: BIIB) has developed the new drug with Swedish company Orphan Biovitrum AB (STO: SOBI).
The treatment has the potential to improve the lives of hemophilia patients by […]

Consumers more satisfied with travel industry, study finds

A new report card on the travel industry finds customer satisfaction improved across five sectors, but warns they may be short-lived, particularly for airlines.
The American Customer Satisfaction Index, released by the University of Michigan Tuesday, showed airlines, restaurants, hotels, fast food and express delivery services all grew in customer satisfaction. Airline customers were 3 percent […]

Treasurys lower as risk appetite returns

Treasury prices fell Thursday as risk appetite returned to the markets after reassuring remarks out of Europe.
What prices are doing: The benchmark 10-year note fell 1-5/32 to 101-19/32, pushing the yield up to 3.31% on Thursday from 3.18% late Wednesday. Bond prices and yields move in opposite directions.
The 30-year bond dropped 2- 5/32 to […]

Gas prices take slight downturn

The summer vacation season has started, and Southern California drivers have been greeted with lower gasoline prices to start the season.
According to the Automobile Club of Southern California’s Weekend Gas Watch, the average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.006 per gallon, which is 2.4 cents less than last […]

2010 School Guide high school slideshow

The 2010 Guide to Western Pennsylvania Schools features high school students from local schools throughout the region. Click on any of the photos to bring up a slideshow.
A complete list of 11th grade rankings of southwestern Pennsylvania schools is also available on the School Guide homepage.
For more, see:
Upper St bad credit pay day loans. Clair […]

DuPont Fabros Technology boosts earnings 58%

D.C.-based DuPont Fabros Technology Inc., the fastest-growing company in the Washington area last year, grew its top and bottom lines last quarter.
DuPont Fabros, a real estate investment trust that develops and manages data centers, reported net income for the first quarter ended March 31 of $5.2 million, or 8 cents per share, compared with $3.3 […]

Twitter grows up: Take a peek inside

What a week for Twitter.
The mircroblogging firm made nearly a dozen announcements this week, marking a huge shift in Twitter’s business strategy, starting with the fact that it now actually has a business strategy.
At its developer conference, codenamed Chirp, the company unveiled promoted tweets, new official mobile apps, an enhanced geo-tagging feature, a […]