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Nordstrom 1Q profit sinks 24 pct on economy

Luxury retailer Nordstrom Inc. said Thursday its profit fell 24 percent in the first quarter, as recession rumblings in the U.S. crimped even wealthier consumers' shopping habits.

GE awarded $24.7M Navy contract to supply engines

General Electric Aviation, a unit of General Electric Co., received a $24.7 million contract boost to supply seven spare F414-GE-400 engines for the Navy's F/A-18 Hornet fighter jets and its EA-18G Growler attack aircraft, the Defense Department said late Monday.

Talpley hits 2 home runs, including grand slam, as Florida State beats Savannah State 24-4

Stuart Talpley followed a two-run homer in the first inning with a grand slam in the second as Florida State beat Savannah State 24-4 on Sunday.

Portland General Electric raises dividend to 24.5 cents

Portland General Electric Co. said its board raised its quarterly dividend by a penny, to 24.5 cents. The electric utility said the dividend is payable July 15 to shareholders of record June 25.

OIL DATA: China Apr Crude Oil Imports 14.24 Million Tons -Source

BEIJING -(Dow Jones)- China imported 14.24 million metric tons of crude oil in April, equivalent to 3.48 million barrels per day, a person familiar with the data said Friday.

NBC planning 24-hour local news channel

NEW YORK, May 7 (UPI) -- NBC Universal Wednesday announced it plans to establish a 24-hour local news channel in New York.