More Business Articles

  • Medicaid insurers seek more from state

    BOSTON (AP) — Companies that insure Medicaid patients in Massachusetts are pressing for an increase in the payments they receive from the state for serving low-income residents. The health insurers say $140 million in losses since the start of the year are the result of an expensive new...

  • Mandatory Pa. casino theft fine ruled tossed out

    PITTSBURGH (AP) — The Pennsylvania Supreme Court has ruled unconstitutional a mandatory $75,000 fine imposed on a Pittsburgh casino poker dealer convicted of having stolen $200 worth of chips. The unanimous ruling Tuesday by the state's highest court called the fine "strikingly...

  • Some Bank of England board members seek rate hike

    LONDON (AP) — Consensus among policymakers at the Bank of England has been shattered, with two of nine members of the monetary policy committee voting to increase interest rates from a record low of 0.5 percent. Minutes published Wednesday for the August meeting showed policymakers breaking...

  • Eaton closing Charlotte plant, 84 lose jobs

    CHARLOTTE, N.C. (AP) — A company that makes clutch-assemblies in Charlotte plans to close the plant, eliminating 84 jobs. The Charlotte Observer reported (http://bit.ly/1totgNV) that Eaton plans to move the work done in Charlotte to plants in Indiana and Mexico. A notice filed with North...

  • Target cuts annual profit outlook

    NEW YORK (AP) — Target has slashed its annual profit outlook as the retailer continues to reel from a massive data breach, a disappointing expansion in Canada and sluggish sales in the U.S. The nation's third-largest retailer also said Wednesday that its second-quarter earnings dropped 61.7...

  • Egypt says it will end blackouts in 4 months

    CAIRO (AP) — Top officials in Egypt have promised to end the rolling blackouts hitting the country in four months, blaming the outages on a fuel shortage, hot weather and poor maintenance of power plants. Neighborhoods in Egypt sink into darkness for hours during the day, leaving millions...

  • La. job-matching site launches

    BATON ROUGE, La. (AP) — State officials say more than 700 job seekers visited the Louisiana's new online service for matching employers' needs with workers' skills. On Monday, LouisianaJobConnection.com became available for the first time to job applicants. By that time, LJC Executive Director...

  • Judge finds firm discriminated against women

    SPRINGFIELD, Mo. (AP) — A federal judge has found that a Missouri-based trucking company had a pattern of discrimination against its female drivers. The judge ruled Monday that Springfield-based New Prime Inc. violated federal law by requiring female drivers to be trained only by other female...

  • Massachusetts cutlery maker files for bankruptcy

    BUCKLAND, Mass. (AP) — The nation's oldest cutlery manufacturer has filed for bankruptcy after 177 years of making knives and other kitchen tools. The Recorder of Greenfield (http://bit.ly/1n9sVuo ) reports that Lamson & Goodnow Manufacturing Co. of Shelburne Falls filed for Chapter 11...

  • Short-term home rentals get Biloxi's attention

    BILOXI, Miss. (AP) — Biloxi officials say 160 property owners are advertising on the Internet to rent their homes and condos for a few days to a few weeks. Jerry Creel, community development director, tells The Sun Herald (http://bit.ly/1BBc79E) that most aren't licensed or aren't paying taxes...

  • Dubai's Nakheel to pay $2.1 billion in debt early

    DUBAI, United Arab Emirates (AP) — Dubai's developer Nakheel behind the famed man-made palm-shaped islands says it is repaying 7.9 billion dirhams, or roughly $2.1 billion, four years before the last installment is due. The indebted state developer was scheduled to repay the credit over three...

  • Fortune Brands to sell window business for $130M

    NEW YORK (AP) — Fortune Brands Home & Security Inc. said Wednesday that it has agreed to sell its Simonton Windows business to building products maker Ply Gem Holdings Inc. for about $130 million. The deal is expected to close in October. Fortune Brands, which makes Master Lock padlocks,...

  • Texas-based lender axing 90 more Nebraska jobs

    SCOTTSBLUFF, Neb. (AP) — Nebraska authorities say a Texas-based mortgage company will be eliminating 90 more jobs at its Scottsbluff office in the Nebraska Panhandle. Twin Cities Development executive director Rawnda Pierce says the Nationstar Mortgage layoffs will occur in September and...

  • $250,000 grant aims to promote Kansas exports

    WICHITA, Kan. (AP) — The Kansas Department of Commerce is joining forces with Kansas Global Trade Services to increase awareness of the importance of exports to the state's economy. Gov. Sam Brownback said Tuesday that a $250,000 grant from the Legislature will allow the nonprofit trade...

  • Wood-recycling plant set for southwestern Indiana

    BUCKSKIN, Ind. (AP) — A recycling company that turns wood and other wastes into animal bedding, compost and mulch is moving ahead with plans to build a plant in southwestern Indiana. The Gibson County Council has approved a five-year tax abatement incentive for Borden, Indiana-based...



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