Orchard Supply Hardware Stores has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.
CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
CNBC scores all U.S. states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.
"We will fight for bank secrecy. We are no tax haven," Austria's finance minister said after a group led by Europe's six biggest countries pledged to work together to tackle tax havens.
For many Americans, the improving economy has yet to take hold even as they hear about a stronger stock market and better jobs data.
Three of Dell's largest investors joined Southeastern Asset Management on Friday in objecting to a $24.4 billion buyout of the No. 3 PC maker led by Chief Executive Michael Dell, sources said, as opposition grows to the largest buyout since the start of the financial crisis.
China's largest auto parts maker won U.S. government approval to buy A123 Systems Inc, a bankrupt maker of electric car batteries that was funded with U.S. government money, a source familiar with the situation said on Tuesday.
China's largest maker of auto parts won a politically sensitive auction for A123 Systems, a bankrupt maker of batteries for electric cars that was funded partly with U.S. government money, the investment banker for A123 said on Saturday.
Phillips 66 confirmed that the region's second-largest refinery, the 238,000 barrel-per-day Bayway plant in New Jersey, would likely be shut for another two to three weeks as repairs are carried out, primarily on electrical equipment damaged by saltwater, as Reuters reported earlier.
But the outlook for supplies dimmed as Phillips 66 confirmed that the region's second-largest refinery, the 238,000 barrel-per-day Bayway plant in New Jersey, would likely be shut for another two to three weeks as repairs are carried out, primarily on electrical equipment damaged by saltwater, as Reuters reported earlier.
Nov 4- Energy companies in New York and New Jersey brought more facilities online after commercial power was restored on Sunday but fuel shortages continued to trouble the region with some facilities still offline nearly a week after Hurricane Sandy hit the U.S.
Nov 3- The New York area's energy network remained under strain on Saturday, six days after Hurricane Sandy shut down pipelines, fuel terminals and refineries and left millions without power in the country's most densely populated region.
WILMINGTON, Del.-- A Delaware judge has dismissed a lawsuit challenging the state Labor Department's determination that a company must pay its employees the state's prevailing wage rates.
*Whole Foods dropped Hershey artisan brand. The lawsuit by the Louisiana Municipal Police Employees' Retirement System, a Hershey shareholder, seeks documents which could determine if the candymaker knew its suppliers in Ghana and Ivory Coast used child labor.
The massive storm that started out as Hurricane Sandy slammed into the East Coast and morphed into a huge and problematic system, killing at least 75 people in the United States. Governor lifts state of emergency and authorizes National Guard to continue cleanup support. Governor sends forest rangers to New York City to help with recovery there.
Oct 31- JPMorgan Chase& Co, Citigroup Inc and Wells Fargo& Co said on Wednesday they have reopened more than half of the branches that were closed as Hurricane Sandy battered the U.S. East Coast early this week. JPMorgan said it had reopened 587 Chase branches, about 55 percent of the total in the states of New York, New Jersey and Pennsylvania.
*Home Depot reopens 33 stores. At Home Depot, one of the biggest challenges during the height of the storm was constantly rerouting trucks filled with supplies as local officials ordered roads closed, said Doug Spiron, Emergency Response Captain at the No. 1 home improvement chain's command center. At the peak on Monday, 44 Home Depot stores were closed.
*Three major New York area airports still closed. *JFK, Newark to resume limited services Wednesday.
Late Tuesday, Port Authority of New York and New Jersey said it was possible that there would be limited service on Wednesday at John F. Kennedy International Airport. Airlines said they planned to restart service Tuesday at some East Coast airports, including Boston and Philadelphia.
Oct 30- Citigroup Inc said it was ready for markets to re-open on Wednesday despite power outages in the waterside neighborhood where it is located and flood damage in a building where its investment bankers work. It is also used by Citigroup's transaction services unit, which caters to corporations and governments around the world.