But Congress will have to act fast. Foxx's warnings this week echo ones by President Barack Obama, who cautioned in February that unless Congress finished a bill by summer's end then "we could see construction projects stop in their tracks."
More than a dozen companies were lined up to go public this week but four, including Lombard Medical and Stalwart Tankers, failed to price on Thursday. Zoe's Kitchen raised about $87.5 million after its IPO of 5.83 million shares was priced at $15, the upper-end of the expected price range.
Thieves have claimed billions of dollars in bogus tax refunds from the IRS by swiping the Social Security numbers and identities of ordinary people.
TOLEDO, Ohio— Laura Hankins knew something was wrong when she filed her daughter's tax return and it was rejected hours later: An identity thief already had sent in a return using the 19- year-old's personal information.
April 10- Zoe's Kitchen Inc priced its initial public offering at $15 on Thursday, valuing the Mediterranean-style restaurant chain at about $276 million. The company earlier this week expected the IPO to be priced between $13 and $15 per share. Birmingham, Alabama- based Zoe's Kitchen is selling all the shares in the offering.
A government report released in November said the IRS issued nearly $4 billion in fraudulent tax refunds over the previous year to thieves who were using other people's personal information. Two men pleaded guilty in Georgia last year to trying to get a tax refund by using his name, Social Security number and date of birth on tax forms.
NEW YORK— At a time when interest in American civil rights memorabilia is rekindled, a lifetime's worth of Rosa Parks' belongings— among them her Presidential Medal of Freedom— sits in a New York warehouse, unseen and unsold.
NEW YORK— Hotels advertise "bleisure" packages. The Thai Tourism Authority is promoting "honeyteering." But they do "come in handy in a business sector where there's often a need to come up with clever marketing spin," said Ben Zimmer, executive producer of Vocabulary.com and language columnist for The Wall Street Journal. "
The Federal Railroad Administration had asked a freight rail industry advisory committee to make recommendations on whether two-man crews should be required, but the industry officials were unable to reach a consensus after working on the issue for months. The crew proposal was prompted by an accident last July in the town of Lac-Megantic in Quebec, Canada.
WASHINGTON, April 8- U.S. lawmakers said on Tuesday they would include a ban on military contact with Russia and other measures to punish Moscow's aggression against Ukraine in the annual defense authorization bill, bringing their push for a more assertive U.S. reaction to a new front.
*Deal will also let Energen fund Permian basin drilling. *Energen shares up as much as 4 pct, Laclede falls as much as 3 pct. April 7- Energen Corp will sell its 150- year old natural gas utility Alabama Gas Corp to Laclede Group Inc for $1.28 billion in cash, helping it repay debt and fund drilling for oil and gas in the Permian basin.
COLUMBIA, S.C.— South Carolina Gov. Nikki Haley is making a trade trip to India in November, returning for the first time since she was a toddler to the country where her parents were born.
ALBUQUERQUE, N.M.— The U.S. Supreme Court rejected an appeal Monday from a studio that refused to photograph a lesbian couple's commitment ceremony, letting stand a New Mexico high court ruling that helped spur a national debate over gay rights and religious freedom.
BIRMINGHAM, Ala.— The Laclede Group Inc. is acquiring Alabama Gas Corp., the natural gas utility business of Energen, for about $1.28 billion in cash. For Energen Corp., the sale pushes it closer to becoming a pure exploration and production company. Energen shares added 17 cents to reach $81.69.
FLORENCE, Ala.— Hillshire Brands Co. said Friday it plans to close the company's meat plant in Florence, Ala., which employs about 1,100 people. Hillshire Brands said it will provide severance and other assistance to employees.
The company has a deal with Forest Laboratories for co-creation of a dementia drug, which is pending FDA approval. Ally Financial Inc.- The finance company's offering could make taxpayers whole for a $17.2 billion government bailout during the financial crisis. Ally, known as GMAC Inc. at the time of its bailout, had been the auto lending arm for General Motors.
The Californian from a competitive, increasingly Hispanic district is one of a handful of GOP proponents of reform whose hopes for a vote have been quashed this election year. Mo Brooks, R- Ala., circulated a letter among his colleagues opposing any attempt to add immigration legislation to the defense bill.
Supreme Court ruling that struck down the overall cap on federal election contributions is sending ripples across American politics, as states have begun backing away from their own restrictions on donations and lawyers are forecasting a new wave of challenges to campaign finance laws nationwide.
WASHINGTON, April 3- A group of 10 U.S. lawmakers on Thursday urged Pentagon acquisition chief Frank Kendall to revamp the U.S. Army's $5 billion competition for a new armored vehicle to allow both tracked and wheeled vehicles to compete.
*MannKind shares soar as diabetes drug gets FDA backing. NEW YORK, April 2- The S&P 500 closed at another record high on Wednesday as signs of steady private-sector hiring suggested that the economy was slowly building momentum after a winter-related pullback.