Local San Diego News From Around The County

Robert H. Reid, a veteran correspondent who has led coverage of the wars in Iraq and Afghanistan and covered major stories from the fall of the Shah of Iran to the Balkan conflicts, will return to Cairo as the new Middle East regional editor for The Associated Press.

Government contractor Science Applications International Corp. said Monday it has agreed to buy Reveal Imaging Technologies Inc., a company that makes equipment for screening baggage at airports.

Federal Reserve Chairman Ben Bernanke suggests the country faces a long road ahead to get back to good economic health.

Hertz Global Holdings Inc. said Monday that Canadian antitrust regulators have approved its proposed $1.17 billion acquisition of fellow car-rental operator Dollar Thrifty Automotive Group Inc.

An industry trade group says growth in the manufacturing sector weakened in July to the slowest pace this year.

Construction spending edged up in June but all the strength came from the government. Private sector activity in both housing and nonresidential projects fell.

Industry group ISM says manufacturing growth weakened in July to slowest pace this year.

Stocks kicked off the new month with a big gain Monday, after strong economic and earnings reports overseas added to hopes that the global recovery is picking up pace.

Specialty vehicle maker Oshkosh Corp. said Monday it turned a profit in the fiscal third-quarter due to soaring sales for defense vehicles and parts.

Treasury Secretary Timothy Geithner says the Obama administration will move quickly to implement new financial regulations while eliminating those that are outdated.

Higher leg prices, more stable breast prices and improving efficiencies should help chicken processor Pilgrim's Pride Corp.'s performance this year, an analyst said Monday.

Occidental Petroleum Corp. says it has named its president and chief financial officer, Stephen I. Chazen, as its new chief operating officer.

The UAE's telecom regulator says BlackBerry e-mail, messaging and Web browsing services will be blocked for foreign visitors too.

HealthSouth Corp., which provides inpatient rehabilitation services, said Monday posted a profit for the second quarter compared to a loss a year ago, when a securities litigation settlement dragged down performance.

Wealthy Americans aren't spending so freely anymore. And the rest of us are feeling the squeeze.

Henry Schein Inc. said Monday its second-quarter profit rose 15 percent on a boost in dental and animal health sales in North America.

An ultra-strong glass that has been looking for a purpose since its invention in 1962 is poised to become a multibillion-dollar bonanza for Corning Inc.

Citing signs of a slowdown in corporate demand in the second half of the year, along with rising inventories among other reasons, a Baird analyst downgraded several semiconductor companies on Monday.

Earlier this month, President Barack Obama signed a new financial reform law. But what does the law mean and how is it supposed to prevent another financial crisis? Find out here.

Global sales of semiconductors grew 7.1 percent in the second quarter to $74.8 billion from $69.9 billion in the first quarter, an industry group says.