The Corporate Perception Indicator is a survey of the population and biz execs from 25 markets, conducted for CNBC and Burson-Marsteller.» Read More
Oct 1- Brookfield Asset Management won the auction for Atlantic City's bankrupt Revel Casino Hotel with a $110 million bid, said two sources familiar with the situation. Revel Casino, which cost $2.4 billion to build, opened in 2012 and closed on Sept. 2 after filing for its second bankruptcy in June.
SACRAMENTO, Calif.— A federal judge could rule Wednesday on a bankruptcy exit plan for Stockton, the largest city in California to file for Chapter 9 protection. "We're looking forward to exiting bankruptcy and implementing our plan," said Connie Cochran, a Stockton spokeswoman.
OAKVILLE, Ontario— Ford Motor Co. of Canada says it is adding 1,000 jobs at its plant in Oakville, Ontario, by the end of this year to build the 2015 Ford Edge crossover SUV for the global market. The automaker said Wednesday it also expects to increase spending on Canadian-made auto parts by $200 million a year.
NEW YORK, Oct 1- U.S. private employers added 213,000 jobs in September, just above economists' expectations, a report by a payrolls processor showed on Wednesday. The numbers came ahead of September data on the U.S. manufacturing sector, with separate reports due at 9:45 a.m. EDT and 10 a.m., and a reading on construction spending due also at 10 a.m..
NEW YORK— Coca-Cola is revising its pay plan for executives after shareholders including Warren Buffett called it excessive. Buffett, whose Berkshire Hathaway is Coke's biggest shareholder, has been a longtime critic of excessive pay packages.
Shares of Angie's List Inc. soared in premarket trading Wednesday after the Financial Times reported that the consumer reviews service was considering a sale of its business. Angie's List provides online access to business ratings and reviews.
NEW YORK— RCS Capital Corp. said Wednesday that it is buying a subsidiary of American Realty Capital Properties Inc. that invests in commercial real estate for at least $700 million. RCS, a New York- based investment banking company, said it is buying Cole Capital in a series of transactions that will take place until April 2015.
FINDLAY, Ohio— Marathon Petroleum's Speedway has completed its $2.82 billion purchase of Hess' retail operations and other assets. The transaction was orchestrated under Speedway LLC and will expand Marathon Petroleum's retail operations from nine states to 23 states along the coast and in the Southeast.
WASHINGTON— U.S. businesses added 213,000 jobs in September, stepping up hiring for the sixth straight month, according to a private survey. Payroll processer ADP said Wednesday that the pace of hiring by private employers was up slightly from 202,000 in August.
Oct 1- Nissan Motor Co reported its U.S. sales for September rose 18.5 percent at 102,955 vehicles, beating analysts' expectations. Nissan's namesake brand showed sales were up 22 percent at 95,118 vehicles and its luxury Infiniti brand sales fell 13 percent at 7,837 vehicles.
BUFFALO, N.Y.— A Buffalo- based website designer and service provider says it will lay off about 70 employees, including 50 who work at the company's downtown headquarters. Synacor Inc. CEO Himesh Bhise said in a statement released Tuesday that about 20 percent of the company's workforce will be laid off in an effort to make the firm "leaner and more agile."
TORONTO, Oct 1- Ford Motor Co will add 1,000 jobs in Canada at its Oakville Assembly, which will produce the 2015 Ford Edge crossover utility vehicle, the company said on Wednesday. With the new hires, more than 4,000 people will work at Oakville Assembly by the end of this year.
HOFFMAN ESTATES, Ill.— Automatic Data Processing Inc., the payroll processor, said Wednesday that it has completed its spinoff of CDK Global Inc.. CDK, which provides technology and marketing services to auto dealers, will start trading on the Nasdaq stock exchange Wednesday.
DETROIT, Oct 1- Chrysler Group LLC on Wednesday reported its third straight month of double-digit gains in the U.S. market, selling 19 percent more vehicles in September than a year ago, an indication that industry strength continued as summer waned.
General Motors and Chrysler hoped to take advantage of Ford, which temporarily closed a truck factory to retool for its new aluminum-clad F-150. Ram pickup sales helped Chrysler Group's sales jump 19 percent in September.
Tekmira Pharmaceuticals Corp., Inovio Pharmaceuticals Inc. and NewLink Genetics Corp. all saw their stocks jump 6 percent or more about two hours before the markets open.
GOLDEN VALLEY, Minn.— General Mills Inc. plans to eliminate 700 to 800 jobs as part of its cost-cutting plan to fight declining sales. General Mills says the job cuts will primarily be in the U.S. The Star Tribune says the job cuts are expected to be completed by spring and will save $125 million to $150 million annually.
Oct 1- Brookfield Asset Management has won the auction for Atlantic City's bankrupt Revel Casino Hotel, said a source familiar with the situation. The company bid $110 million for the casino complex, topping a $90- million bid by Florida real estate developer Glenn Straub, who did not submit a superior bid by 5.00 a.m. ET, the source said.
NEW YORK— General Mills plans to cut approximately 700 to 800 jobs, the second time it's trimmed its work force in a month, as the food company adjusts for a shift by U.S. consumers away from boxed or frozen meals. General Mills Inc. anticipates the current restructuring to be completed by fiscal 2015' s end.
Transgender characters are featured on cable and Internet fare such as the online series "Orange Is the New Black" from Netflix and "Transparent" from Amazon, the media advocacy group said. ABC, which had tied with Fox for first last year at 5.4 percent, dropped to 4.5 percent.