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  • Proposed Texas site for Tesla factory falls short

    AUSTIN, Texas (AP) — Officials with Tesla Motors visited Williamson County at least eight times over six months as they sought a site for the company's $5 billion battery factory, going as far as hiring an Austin lawyer to negotiate in a series of meetings with local and state officials. The...

  • Brookstone President and CEO Speltz resigns

    NEW YORK (AP) — James Speltz, the president and CEO of gadget retailer Brookstone, has resigned. Chief Merchandising Officer Steve Schwartz will serve as interim president and CEO. Speltz helped Brookstone emerge from Chapter 11 bankruptcy protection in June. That month a bankruptcy court...

  • Ikea recalls swing because of breakage risk

    NEW YORK (AP) — Ikea is recalling its Gunggung fabric swing because the suspension fitting that attaches the swing to its steel hooks could break, causing a fall that could injure a child. The U.S. Consumer Product Safety Commission said Ikea is taking about 2,000 units off the market in the...

  • US stocks turn higher at midday

    NEW YORK (AP) — U.S. stocks are turning higher at midday with energy companies leading the gains. The Standard & Poor's 500 index rose 11 points, or 0.6 percent, to 1,995 at 12:03 p.m. Eastern time Tuesday. The Dow Jones industrial average gained 83 points, or 0.5 percent, to 17,116. The...

  • Northeast Utilities, Spectra to expand pipeline

    HARTFORD, Conn. (AP) — Northeast Utilities and Spectra Energy Corp. have announced plans to expand natural gas access to New England and end bottlenecks that have driven up prices when demand spikes in the winter. The companies said Tuesday the $3 billion project expanding a network of...

  • Jury gives woman $15.8M in construction zone crash

    PITTSBURGH (AP) — A Connecticut construction company should pay a western Pennsylvania woman $15.8 million for injuries she suffered in a work zone crash a day before her daughter's wedding five years ago, a western Pennsylvania jury ruled. A spokeswoman for Lane Construction Corp. of Cheshire,...

  • Social Security resumes mailing benefit statements

    WASHINGTON (AP) — The Social Security Administration has resumed mailing statements to workers letting them know the estimated benefits they will get when they retire, the agency announced Tuesday. Social Security began phasing out mailed statements to most workers in 2011 to save an estimated...

  • US CEOs less optimistic about hiring, spending

    WASHINGTON (AP) — Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high in the previous quarter. The Business Roundtable said Tuesday that its CEO outlook index fell to 86.4 in the third quarter, down from 95.4 in the...

  • Clear Channel renamed iHeartMedia

    NEW YORK (AP) — Clear Channel, the largest radio station operator in the U.S., says it has renamed itself iHeartMedia to reflect its transformation into a multi-platform media company that includes iHeartRadio, its digital radio service. The new company, which is privately held, owns 859 radio...

  • World Bank: Palestinian economy to shrink in 2014

    RAMALLAH, West Bank (AP) — The Palestinian economy is expected to contract for the first time in seven years in 2014, the result of the recent Gaza war, continued Israeli and Egyptian restrictions on Palestinian trade and a drop in foreign aid, the World Bank said Tuesday. The bank issued the...

  • Alibaba risk: China's rise leaves out investors

    WASHINGTON (AP) — American investors are clamoring to buy a stake in Chinese e-commerce giant Alibaba, which is launching what may prove the biggest initial public stock offering ever. But history is stacked against them. China's explosive economic rise has delivered virtually nothing to most...

  • Capt. Citrus, face of Florida OJ, gets a makeover

    TAMPA, Fla. (AP) — Captain Citrus was born in 2011 as a big, fat talking orange wearing a green cape. Now he's being transformed into a buff Marvel Comics superhero who will fight evil alongside the likes of Captain America. His first mission? Promote the benefits of orange juice in a country...

  • Ex-congressman resigns from medical pot company

    BOSTON (AP) — A former Massachusetts congressman said he is stepping down as president of a medical marijuana company that sued the state after its dispensary application was rejected. Ex-U.S. Rep. William Delahunt told a meeting of The Patriot Ledger's editorial board on Monday that he...

  • Buffett's firm gets 9 pct interest, stock in deal

    OMAHA, Neb. (AP) — No matter how successful Burger King's acquisition of Canadian fast food chain Tim Hortons is, Warren Buffett's company will profit on the deal. Documents filed with regulators Tuesday detail what Berkshire Hathaway will receive for putting up $3 billion to help finance the...

  • Lilly, AstraZeneca team up on Alzheimer's drug

    INDIANAPOLIS (AP) — Eli Lilly and Co. plans to pay up to $500 million to fellow drugmaker AstraZeneca as part of a collaboration to develop and sell a potential Alzheimer's disease treatment that is in the early stages of clinical testing. Lilly said Tuesday it will make an initial milestone...



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