Pete Selleck, chairman and president of Michelin North America, explains why the group has decided to open its ninth plant in South Carolina and its strategy behind new facilities.» Read More
WASHINGTON-- More than 56 million Americans on Social Security will get raises averaging $19 a month come January, one of the smallest hikes since automatic adjustments for inflation were adopted in 1975, the government announced Tuesday.
Former American Airlines baggage handler Victor Bourne was found guilty last year of charges he used his behind-the-scenes access at New York City's busiest airport to orchestrate the smuggling of more than 330 pounds of cocaine from 2000 to 2009.. District Judge Nicholas Garaufis said at the sentencing in federal court in Brooklyn.
DALLAS-- Federal health officials say a Dallas- based meat distributor is recalling about 8,200 pounds of beef and pork products because they weren't inspected and were improperly labeled.
LOS CABOS, Mexico-- Hurricane Paul weakened to a Category 1 storm as it raced toward landfall Tuesday on a sparsely populated stretch of Mexico's southern Baja peninsula.
PRINCE GEORGE, Va.-- An advanced manufacturing research center in Virginia's Prince George County is getting a new partner. Officials say Hermle Machine Company has joined the Commonwealth Center for Advanced Manufacturing as an industry member.
SAN FRANCISCO-- Wells Fargo is forming a new markets division within its investment banking business that aligns services for traders as the nation's biggest mortgage lender reckons with its bigger Wall Street counterparts. Wells Fargo& Co., which is based in San Francisco, is combining investment sales and trading operations under common leadership.
DALLAS-- Tenet Healthcare Corp. said Tuesday that it completed its private offering of $500 million of its 4.75 percent senior secured notes due 2020 and $300 million of its 6.75 percent senior notes due 2020.. The Dallas- based hospital operator plans to use the proceeds to buy its 7.375 percent senior notes due 2013 through a tender offer.
PITTSBURGH-- Pennsylvania's Supreme Court heard arguments Tuesday in a natural gas case that could create chaos for major energy companies and thousands of leaseholders. The Powers estate claims that the reference to "minerals" in the old deed gives them part ownership of the natural gas locked in the Marcellus Shale under the property.
NEW YORK-- The Coca-Cola Co. and Sanofi are partnering to launch a line of "beauty drinks" in France. The Coca-Cola business unit in France said in a statement that the drinks will be sold in a "small scale pilot" limited to a number of pharmacies in the country.
MADISON, Wis.-- Hunters shot and killed at least four wolves in the opening 24 hours of Wisconsin's first organized wolf hunt, the state Department of Natural Resources said Tuesday. Another hunter in Vilas County took a female at 8:30 a.m. A third hunter killed a female at 4:30 p.m. in Iron County and a fourth killed a male at 6:15 p.m. in Eau Claire County.
BOSTON-- Investors, concerned about PNC Financial Services Group Inc.' s ability to grow profit amid record-low interest rates and increasing expenses, drove down the bank's shares Tuesday after its third-quarter results.
CHICAGO-- Northern Trust Corp. said Tuesday that it added Jose Luis Prado, president of Quaker Oats North America, to its board. Prado has been head of Quaker Oats North America, a division of PepsiCo Inc., since 2011. He has held a number of leadership positions at PepsiCo since 1984..
CHARLESTON, W.Va.-- West Virginia's seasonally adjusted unemployment rate rose one-tenth of a percentage point to 7.6 percent in September. WorkForce West Virginia said Tuesday that total employment fell by 3,200. The job losses included 2,100 in the service-providing sector and 1,100 in the goods-producing sector.
On the New York Mercantile Exchange:. _ Benchmark U.S. crude ended up 24 cents to $92.09 a barrel in New York. _ Natural gas lost 5 cents to $3.44 per 1,000 cubic feet.
WEST FARGO, N.D.-- Titan Machinery Inc. said Tuesday that it reached a deal to buy Toner's Inc., which includes three CaseIH agricultural equipment dealerships in Nebraska. The trio also offers cost savings opportunities with Titan's existing stores in a nearby Nebraska town, the company said.
CLEVELAND-- Diversified manufacturer Eaton Corp. said Tuesday that three major independent proxy advisory firms have recommended that Eaton shareholders vote in favor of the company's pending acquisition of Cooper Industries plc.
HARRISBURG, Pa.-- A bill to revamp employment rules for children, particularly those working in entertainment, is on its way to the desk of Pennsylvania Gov. The House voted unanimously Tuesday in favor of the measure, which in many ways is patterned after California's law and brings Pennsylvania closer in line with federal rules.
The Labor Department said the consumer price index rose 0.6 percent last month, the same as in August, with inflation still in check. Benchmark U.S. crude ended up 24 cents at $92.09 a barrel in New York. Brent crude, which is used to price international varieties of oil, lost 40 cents to finish at $114 a barrel in London.
WASHINGTON-- A federal appeals court in Washington is considering whether marijuana should be reclassified from its current status as a dangerous drug with no accepted medical use.
AMSTERDAM-- Thieves broke into a Rotterdam museum on Tuesday and walked off with works from the likes of Picasso, Monet, Gauguin and Matisse potentially worth hundreds of millions. "Those thieves got one hell of a haul," said Chris Marinello, who directs the Art Loss Register.