Thursday, March 15, 2012

Apple raises stake in UK chip designer Imagination

British chip designer Imagination Technologies PLC said Friday that Apple Inc. has raised its stake in the company to 9.5 percent after buying stock on the market and through a share placement made by the company.

Imagination made no comment on the stake increase beyond the requirement that it report the crossing of the 8 percent threshold to the London Stock Exchange.

Apple uses Imagine …

`I Have to Give Something Back'

Erna Gans last saw her mother in 1942 as they hid from the Nazisin the basement of an apartment building in a Jewish ghetto inLemberg, Poland.

When the soldiers grabbed her mother and younger brother, Gansstarted to come out of her hiding place. Her mother secretlymotioned for the teen to stay out of sight.

As far as Gans knows, her mother and brother were killed inBelzec concentration camp in Poland. Her father and another brotherdied later in camps. Gans spent time in a camp, but lived.

"I don't know why I survived, but I feel that I have to givesomething back," she said. "The only way I can do that is byfighting for remembrance."

Gans has …

Serbia shifting West, away Russia

BELGRADE, Serbia (AP) — Taboos are falling fast in Serbia.

It has opened talks with Kosovo, the cherished breakaway province Serbs consider the cradle of their culture. It has stepped up efforts to capture Ratko Mladic, the war crimes suspect many here idolize as a hero. And it has apologized for atrocities committed during Yugoslavia's violent breakup.

Suddenly, the once fiercely nationalistic country is focused less on pride than on its deep economic problems — and that means turning away from traditional mentor Russia and building bridges with Europe and the United States.

The prize of EU membership is at the root of the transformation: Serbia has come under a growing …

Google CEO's compensation for 2009 falls 52 pct

The total compensation of Google Inc. CEO Eric Schmidt fell 52 percent last year as the Internet search leader cut back on its employee perquisites to help lift its profits during the recession.

Schmidt's 2009 package totaled $245,322, down from $508,764 in 2008, according to documents filed Monday with the Securities and Exchange Commission.

The sharp decrease reflected lower bills for protecting Schmidt and flying his personal guests on jets chartered by Google.

Schmidt's personal security cost Google $233,542 last year compared to $402,562 the previous year. Google spent $10,119 flying Schmidt's friends and family in 2009 after shelling out …

Wednesday, March 14, 2012

Teamster Employees Ratify First Contract

WASHINGTON After 90 years of helping unionized workers across thenation negotiate contracts, employees of the Teamsters on Tuesdayratified their first collective bargaining agreement.

The agreement, negotiated by a local of the Office andProfessional Employees International Union, provides for a $500 lumpsum payment to each of about 200 covered workers.

It also calls for individual increases through ayet-to-be-completed job classification study. The raises, which willaverage 3.1 percent, will go only …

Magic Slim and the Teardrops bringing blues to UIC with Fernando Jones

Magic Slim and the Teardrops bringing blues to UIC with Fernando Jones

As one of the attractions for Black History Month, the 11th Annual Blues Cabaret will be held Friday, Feb. 23 at 7 p.m. in the Illinois Room of the University of Illinois Chicago, featuring Magic Slim and the Teardrops, Fernando Jones and My Band.

Slim is one of the most important proponent of the Mississippi-to-Chicago blues style. His "Big-foot Country" whipping of the blues, augmented with the blasting, electronic projection of the Chicago styles is witnessed on Blind Pig Records with the Teardrops.

Magic Slim, Morris Holt, was born in Torrence, Miss. He became interested in music at an early …

Shiite bloc holds off OK to US-Iraq pact

Prime Minister Nouri al-Maliki's ruling Shiite coalition withheld support Sunday for the proposed security pact that would keep U.S. troops here for three more years, dealing a setback to American hopes of a speedy approval of the agreement.

The statement by the United Iraqi Alliance called for unspecified changes to the draft agreement, which parliament must ratify by the end of the year when the U.N. mandate expires.

The group's move comes a day after tens of thousands of demonstrators, mostly Shiites, took to the streets of Baghdad to show their opposition to the agreement.

The Shiite alliance holds 85 of parliament's 275 seats and al-Maliki needs …