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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.
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NEW YORK, May 17- With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
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WASHINGTON, May 17- Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday. A handful of states, including Illinois, Delaware, Indiana, Wisconsin, Mississippi and New Hampshire saw their jobless rates rise over the year.
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ST. LOUIS, May 17- U.S. authorities have seized two accounts linked to a major operator in the booming Bitcoin digital currency market, Tokyo- based exchange Mt. The price of the volatile currency ballooned in March as a result of the Cyprus bank crisis.
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The traffickers lived modestly and had alleged links to known terrorists, including Omar Abdel-Rahman, the blind cleric serving a life sentence for a conspiracy to blow up New York City landmarks. Arrests also were made in New York City, New Jersey and Delaware.
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WASHINGTON, May 16- The U.S. economy showed fresh signs of slower growth in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking declined at home construction sites. We are seeing a soft start for growth in the second quarter, "said Sam Bullard, an economist at Wells Fargo in Charlotte, North Carolina.
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NEW YORK, May 16- Factory activity in the U.S. mid-Atlantic region contracted in May as new orders fell and its employment index hit a more than three-year low, the latest figures to suggest growth in the second quarter is cooling, a survey showed on Thursday.
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NEW YORK, May 16- Factory activity in the U.S. mid-Atlantic region contracted in May as new orders fell to their lowest level in almost a year, a survey showed on Thursday. The Philadelphia Federal Reserve Bank said its business activity index dropped to minus 5.2 from 1.3 in April, worse than economists' expectations for a slight gain to 2.4.
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With top intelligence officials warning that cyber attacks have replaced terrorism as the leading threat against the United States, the White House and lawmakers have spent months discussing how to improve the flow of information between the government and the private sector.
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PARSIPPANY, N.J.-- Pinnacle Foods Inc., which went public in March, said Wednesday that its first-quarter net income more than doubled. The maker of Birds Eye frozen foods, Duncan Hines frosting and cake mixes and Vlasic pickles earned $24.8 million, or 29 cents per share, up from $9.5 million, or 11 cents per share, in the same quarter of 2012..
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PITTSBURGH-- There's been plenty of controversy over Marcellus Shale natural gas drilling in Pennsylvania, and now tax rates are part of the debate, too.
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Postmaster General Patrick Donahoe said the Postal Service would require a taxpayer bailout in excess of $47 billion by 2017, unless Congress acted. The Postal Service needed to save $20 billion annually by 2016, he said.
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DOVER, Del.-- A Democratic state lawmaker is reintroducing legislation to allow more casinos in Delaware. Dennis Williams of Wilmington calls for two new casinos, one in New Castle County and one in Sussex County.
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WILMINGTON, Del., May 10- An independent examiner's report into the relationship between bankrupt Residential Capital LLC and its parent Ally Financial Inc has been postponed to May 13 at 1200 EDT from an expected release time of noon on Friday, a source familiar with the report told Reuters.
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COEUR D'ALENE, Idaho-- Coeur d'Alene Mines Corp. said Thursday that its first-quarter net income tripled, helped by an accounting adjustment and increased gold production. The silver and gold producer earned $12.3 million, or 14 cents per share, for the three months ended March 31. That's up sharply from $4 million, or 4 cents per share, a year earlier.
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DOVER, Del.-- A Senate proposal to raise Delaware's minimum wage by a dollar over the next two years has been tabled by a House committee. The committee voted 7-3 Wednesday to table the measure, which passed the Senate on 12-9 party-line vote, with only one Democrat voting against it.
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WASHINGTON, May 9- Republican lawmakers on Thursday boycotted a confirmation vote on President Barack Obama's pick to lead the Environmental Protection Agency, saying they were "completely unsatisfied" with answers provided by Gina McCarthy on several topics.
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WASHINGTON, May 9- Republican senators boycotted a confirmation vote on President Barack Obama's pick to lead the U.S. Environmental Protection Agency on Thursday, saying they were "completely unsatisfied" with answers provided by Gina McCarthy on several topics.
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WILMINGTON, Del., May 9- The executive chairman of Ford Motor Co asked for patience from investors who pressed him about the company's languishing stock price at the automaker's annual meeting on Thursday. "Just hang with us," Bill Ford said in response to two questions about the company's stock. "
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Now these same funds may be poised to descend on another landscape: struggling cities and counties- and no place beckons more than Detroit.
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DOVER, Del.-- The state House has passed a bill prohibiting former members of the General Assembly from working as lobbyists for one year after leaving office. John Kowalko, a Newark Democrat, said his bill is aimed at improving government transparency by stopping the "revolving door" that churns lawmakers into lobbyists.