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.» Read More
NEW YORK, May 22- Stocks, bonds and currencies took a wild ride on Wednesday, as remarks by Federal Reserve Chairman Ben Bernanke failed to provide the clear picture investors had hoped for of the likely continuation of the U.S. central bank's bond-buying program, with sentiment ultimately driven by expectations of tapering.
LOS ANGELES, May 22- Caesars Entertainment Group said it plans to go live this summer with an online poker site in Nevada, the only U.S. state so far to offer legal Internet gambling, and will promote the nascent service to thousands of poker players at its World Series of Poker tournament in Las Vegas starting May 29.
*Bernanke touts benefits of Fed easing, but hints could act.
NEW YORK, May 22- Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's massive bond-buying program would remain in place for now, even as the Fed considers cutting back stimulus in coming months.
CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
We score all the states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.
Jack Markell is joining officials with GE Aviation to tout the addition of about 70 jobs at the company's Newark plant. GE Aviation, a unit of General Electric Co., says it plans to add 70 jobs at the Newark site. The state Council on Development Finance voted in March to approve state grants of $1.1 million for the expansion.
WASHINGTON, May 20- The U.S. Supreme Court on Monday agreed to hear a patent dispute concerning Medtronic Inc over medical devices it manufactures that give the heart electrical jolts when it fails to pump blood properly.
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.
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.
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.
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.
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.
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.
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.
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.
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..
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.
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.
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.