More Business Articles

  • Glazers set to raise $150m by selling Man U shares

    Manchester United's American owners are set to raise around $150 million by selling more of their club shares on the New York Stock Exchange. The English Premier League club announced Wednesday that the Glazer family is selling 8 million shares with reduced voting rights, which equates to...

  • Boeing will handle final assembly of 787-10 in SC

    NEW YORK (AP) — Boeing said final assembly of its 787-10 plane, a planned larger version of its "Dreamliner" aircraft, will take place in South Carolina. The company says the work will be done in North Charleston, South Carolina, because the plane is too large to efficiently transport it from...

  • Business Highlights

    ___ A more vigorous US economy appears to be emerging WASHINGTON (AP) — The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year. That was the general view of analysts Wednesday after the government estimated that the economy grew at...

  • Ohio: 2nd fine levied against prison food vendor

    COLUMBUS, Ohio (AP) — The state on Wednesday announced a second fine against the private vendor that took over the job of feeding inmates last year as the company defended its operations before a prisons oversight committee. The $130,200 fine against Philadelphia-based Aramark Correctional...

  • Report: Jet hit unlisted pole in fatal Ga. crash

    THOMSON, Ga. (AP) — A private jet hit a utility pole that wasn't listed on aeronautical charts before running into trees and bursting into flames last February, killing a Georgia vascular surgeon and four colleagues, federal investigators said in a report released Wednesday. National...

  • Bank scandal tarnishes powerful Portuguese family

    LISBON, Portugal (AP) — Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, record...

  • Argentina officials stage 11th-hour talks in NYC

    NEW YORK (AP) — Argentina's economy minister led a last-gasp effort Wednesday to strike a deal with U.S. creditors that would prevent the South American country from slipping into default. With a midnight deadline looming, Minister Axel Kicillof arrived at the New York City office of a mediator...

  • Correction: Exxon Mobil-Gay Rights story

    IRVING, Texas (AP) — In a story July 22 about new federal anti-discrimination rules, The Associated Press reported erroneously the value of Exxon Mobil Corp. shares held by investors who supported amending the company's equal employment opportunity statement. The New York state comptroller said...

  • Revel executives to make millions if casino sells

    CAMDEN, N.J. (AP) — A federal bankruptcy judge says she would approve bonuses worth a total of $1.75 million for executives at Atlantic City's Revel Casino Hotel if they manage to sell the property. Judge Gloria Burns has not said which executives are in line for the bonuses. But the Press of...

  • Terror threats at chemical plants underestimated

    WASHINGTON (AP) — The government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it considers particularly vulnerable to terrorists, congressional investigators say. The yearlong...

  • Ratings agency: Argentina in 'selective default'

    NEW YORK (AP) — Standard & Poor's says some Argentine bonds are in 'selective default' in what could be the start of a wave of downgrades amid a standoff between the South American country and some creditors. The ratings agency says it lowered its rating on some Argentine bonds because the...

  • Market Basket CEOs: workers must return by Monday

    BOSTON (AP) — The chief executives of the Market Basket supermarkets say employees who have stayed off the job to demand the return of fired CEO Arthur T. Demoulas must return to work by Monday. The statement Wednesday said the workers can return without penalty. It also says the company will...

  • Connecticut's debt maintains negative rating

    HARTFORD, Conn. (AP) — A ratings agency has maintained Connecticut's debt rating as negative, saying the state's budget relies on one-time fixes and calling the state's economic recovery "slow and uneven." The analysis by Fitch Ratings released Tuesday said the General Assembly relied on...

  • Fed offers a dual message on health of US economy

    WASHINGTON (AP) — The Federal Reserve offered a mixed message on the U.S. economy Wednesday: Growth is strengthening, and the unemployment rate is steadily falling. Yet by some measures, the job market remains subpar. A statement the Fed issued after a two-day policy meeting suggested it wants...

  • Opponents press Snyder to cancel prison contract

    LANSING, Mich. (AP) — Opponents are pressing Gov. Rick Snyder's administration to cancel the state's contract with a company that provides food in the prison system. The liberal advocacy group Progress Michigan says local officials on Thursday will demand cancellation of Aramark's contract in a...



From the Weekly Standard