To raise the minimum wage in his county, one politician asked neighboring counties to join the effort in order to prevent businesses from fleeing.» Read More
HARTFORD, Conn.-- The Connecticut Appellate Court has set aside the corruption convictions of Hartford's former mayor. Eddie Perez was convicted in 2010 of receiving a bribe from a city contractor in the form of home improvements and trying to extort a $100,000 payment from a developer.
NEW YORK-- Incoming Time Warner Cable CEO Rob Marcus said Monday that the company's debt level is "prudent" at the current level, even as other cable TV companies are reportedly examining adding debt to acquire it. Charter is reportedly seeking a new debt package of $25 billion to finance its bid for Time Warner Cable.
WASHINGTON-- Shares of Acura Pharmaceuticals Inc. rose Monday after the company said it met with federal regulators to discuss a new version of the painkiller hydrocodone that uses the company's abuse-resistant technology. Acura said the FDA agreed to review the study and determine whether it could be used to support a new drug application.
As much as 5 inches of snow were forecast for Monday night into Tuesday for an area stretching from Virginia into New York, the National Weather Service said. "I don't think things are going to warm up anytime soon," said Bruce Sullivan, National Weather Service meteorologist.
WASHINGTON _ Commerce Department releases wholesale trade inventories for October, 10 a.m.. WASHINGTON _ Labor Department releases job openings and labor turnover survey for October, 10 a.m.. WASHINGTON _ Senate Finance Committee hearing on President Barack Obama's nominee to head the Internal Revenue Service, 10 a.m..
Monday's ruling by a panel of the 2nd U.S. Circuit Court of Appeals in New York was issued 13 days after the court reversed the May 2012 convictions of the three bankers. The three former GE bankers, Steven Goldberg, Dominick Carollo and Peter Grimm, were released from prison on Nov. 27, according to the Federal Bureau of Prisons.
BOSTON, Dec 9- Massachusetts on Monday announced a $265 million deal with Alpha Appalachia Holdings Inc to settle allegations that the coal miner artificially inflated its stock price by misrepresenting its safety record ahead of a deadly 2010 mine explosion.
WASHINGTON-- The Financial Industry Regulatory Authority said Monday that Oppenheimer& Co. Inc. will have to pay $921,000 in fines and restitution for charging customers unfair prices for municipal securities transactions.
CHICAGO, Dec 9- There is a growing consensus that U.S. stocks, as well as stocks around the world, are going to catch a tailwind going into 2014.. The Vanguard Total World Stock Index ETF owns more than 5,000 stocks, but has its top holdings in mega-cap American companies like Apple Inc, Exxon Mobil Corp and Google Inc..
*Valiant says U.S. clients are less than 1 pct of total. ZURICH, Dec 9- Valiant Holding AG on Monday became the first Swiss bank to say it would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts.
NEW YORK-- YRC Worldwide's stock climbed Monday after the trucking company's union agreed to vote on extending an agreement that would help it refinance some debt. YRC, based in Overland Park, Kan., said that the International Brotherhood of Teamsters union vote will be completed by Jan. 8. YRC Worldwide Inc. has more than 26,000 union employees.
SILVER SPRING, Md.-- Specialty drugmaker United Therapeutics Corp. said Monday that it received a subpoena from federal regulators looking into the company's marketing of three drugs used to treat a form of hypertension. United Therapeutics said it intends to cooperate with the investigation. United Therapeutics shares fell 31 cents to $90.66 in trading.
Jeffrey Lacker, the president of the Federal Reserve Bank of Richmond, will speak at an economic outlook conference in Charlotte, North Carolina, at 12:30 p.m.. St. Louis Fed Bank President James Bullard will also speak on the economy in St. Louis in the afternoon, and Dallas Fed Bank President Richard Fisher will speak in Chicago in the evening.
Dec 9- McDonald's Corp on Monday reported another sluggish month of sales at established restaurants, results that suggest the famed hamburger chain is losing U.S. market share to rivals.
OVERLAND PARK, Kan.-- Restaurant franchisee NPC International Inc. said Monday that it has completed the acquisition of 53 Wendy's restaurants for $30.4 million. NPC is the world's largest Pizza Hut franchisee with 1,252 Pizza hut sites. They will be owned and operated by NPC's wholly-owned subsidiary, NPC Quality Burgers Inc..
WASHINGTON, Dec 9- The U.S. municipal bond market shrank to $3.686 trillion in the third quarter of the year, the smallest since the end of 2009, from $3.721 trillion in the second quarter of the year, according to Federal Reserve data released on Monday.
NEW YORK, Dec 9- Stock markets worldwide rose on Monday and the euro climbed to a six-week high against the dollar after Chinese trade and inflation data boosted optimism about the global economy.
The Linens' N Things brand has been sold to Galaxy Brand Holdings for an undisclosed amount, the companies involved said Monday. Investment firms Hilco Consumer Capital and Gordon Brothers Brands acquired the brand in 2009, and it was re-launched as an online retailer of home goods.
CALGARY, Alberta, Dec 9- Transcanada Corp said on Monday that it has begun filling its new 700,000 barrel per day Gulf Coast pipeline with oil but gave no indication on when it expects the line to begin commercial service.
Baker Hughes Inc. Senior Vice President and Chief Financial Officer Peter Ragauss plans to retire by 2014' s end. Ragauss has worked for the Houston company for eight years. Shares of the oilfield services company fell 30 cents to $53.54 in midday trading.