Archive for July, 2009

ATS Corporation Schedules Second Quarter 2009 Financial Results Conference Call (Business Wire)

MCLEAN, Va.—-ATS Corporation , will report earnings results for the second quarter of 2009 after the market closes on Wednesday, August 5, 2009. ATSC management will host a conference call at 5:00 PM ET, on August 5, 2009 to discuss the results.

Fitch Affirms Kellogg’s IDRs at ‘A-/F2′; Outlook Stable (Business Wire)

CHICAGO—-Fitch Ratings has affirmed Kellogg Company’s ratings as follows:

India orders arrest of American in Bhopal gas leak (AP)

An Indian court issued a warrant Friday for the arrest of the former head of the American chemical company responsible for a gas leak that killed at least 10,000 people in Bhopal 25 years ago.

U.S. economy likely contracted in Q2, recovery seen (Reuters)

The U.S. economy probably contracted again in the second quarter, pressured by a huge inventory liquidation, but the pace of decline likely slowed from previous periods, according to a Reuters survey.

Darlington cuts prices for 2010 NASCAR race (AP)

Darlington Raceway has trimmed ticket prices on more than half of its seats for its 2010 NASCAR race in light of continuing tough economic times.

Home Prices Tick Up in Britain (BusinessWeek)

Good news for the global economy: For the first time in 18 months, home prices in England and Wales showed a modest rise in June

Fed grant funds to ease Calif. water shortages (AP)

Federal agencies have pledged to send nearly $60 million in grants to help California communities, farms and dairies suffering from ongoing water shortages.

U.S. economy likely contracted in Q2, recovery seen (Reuters)

The U.S. economy probably contracted again in the second quarter, pressured by a huge inventory liquidation, but the pace of decline likely slowed from previous periods, according to a Reuters survey.

US lawmakers pass far-reaching food safety bill (AP)

The U.S. House of Representatives has passed a far-reaching food safety bill requiring more government inspections and imposing new penalties on those who violate the law, reacting strongly to an outbreak of salmonella in peanuts that killed at least nine people.

GDP report is likely to show recession eased in 2Q (AP)

The recession likely eased in the spring, with the U.S. economy no longer in free-fall. Many analysts predict that when the Commerce Department releases its first estimate of second-quarter activity Friday, it will say the economy shrank at a 1.5 percent pace from April though June.