Darden Restaurants said CEO and chairman Clarence Otis is resigning as the company focuses on its Olive Garden chain following the Red Lobster sale.» Read More
NEW YORK— The long-awaited surge in hiring at small businesses appears to be underway. Faulkner Hyundai in Harrisburg, Pennsylvania, is adding seven people to its staff of 92 because new cars are selling at their fastest rate in eight years. As recently as March, an American Express survey found 76 percent of owners planned to hire only when their revenue rose.
The yearlong investigation by Republican staff on the Senate Homeland Security Committee paints a portrait of inspection delays, government errors in risk assessment and industry loopholes in a $595 million terror prevention program passed by Congress in 2006..
The Florida- based software provider ExamSoft Worldwide Inc. said the processing problem created a six-hour backlog that had been cleared by early Wednesday morning.
WASHINGTON, July 29- More than 17,000 U.S. military personnel and other consumers will receive about $92 million in debt relief as part of a settlement over a lender's alleged improper practices, the U.S. consumer watchdog and 13 states announced on Tuesday.
WASHINGTON, July 29- There is currently no evidence of widespread fraud within the U.S. Export-Import Bank, its internal watchdog said, as critics of the bank flagged a wider probe of corruption claims.
SAN FRANCISCO— Dustin Moskovitz has learned a lot about communication since he teamed up with his college roommate Mark Zuckerberg to create Facebook a decade ago.
NEW YORK, July 29- A U.S. federal appeals court has upheld a $67 million jury verdict against TD Bank, part of Canada's Toronto-Dominion Bank, for helping convicted former lawyer Scott Rothstein run a Florida Ponzi scheme that cost investors more than $1 billion.
NEW YORK, July 29- A federal appeals court has upheld a $67 million jury verdict against TD Bank, part of Canada's Toronto-Dominion Bank, for helping convicted former lawyer Scott Rothstein run a Florida Ponzi scheme that cost investors more than $1 billion.
July 29- JPMorgan Chase& Co, the biggest U.S. bank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip, Bloomberg News reported, citing people familiar with the matter. Offices affected include New York, Tampa, Chicago and Dubai, according to the report.
NEW YORK, July 29- With some of Wall Street's more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix. Netflix, along with Gilead Sciences and several other stocks famous for their sharp gyrations, were unusually calm following their latest quarterly reports.
Deceptive practices by Rome Finance Co., more recently doing business as Colfax Capital Corp. and Culver Capital LLC, based in California and Georgia, included failing to accurately disclose charges and interest rates, New York's Attorney General Eric Schneiderman said Tuesday.
EASTON, Pa.— Crayon manufacturer Crayola is building a family attraction in Florida, similar to the one it operates in its home state of Pennsylvania, and more could be on the way around the country if the new place does well. Crayola, a subsidiary of Kansas City, Missouri- based Hallmark Cards Inc., noted Orlando is a top family destination.
WASHINGTON— U.S. home prices rose in May from a year earlier at the weakest pace in 15 months as sales remain modest in the spring buying season. That's down from 10.8 percent in the previous month and the smallest annual gain since February 2013. They accelerated in Charlotte, North Carolina, and were flat in Tampa, Florida.
LONDON, July 29- On the surface at least, much has changed in the London Metal Exchange warehousing business over the past year. The exchange has much more work to do if it wants to rectify a delivery system that has ruptured relations with some of its users and generated a spate of lawsuits in the United States.
NEW YORK, July 29- When Harvey Montijo first moved in with his wife Natalie, he remembers exactly how long it took to get into a tiff about household temperature. "Right from the get-go," remembers the 31- year-old orthopedic resident in Charlotte, North Carolina.
July 29- Spirit Airlines Inc, a low-cost U.S. carrier, on Tuesday reported a higher-than-expected second-quarter profit as it added flights and raised fares. Net income rose 54 percent to $64.8 million, or 88 cents a share, from $42.1 million, or 58 cents a share, a year earlier.
MIRAMAR, Fla.— Spirit Airlines Inc. on Tuesday reported net income that increased by 54 percent in its second quarter, and topped analysts' expectations. The Miramar, Florida- based company said net income increased to $64.8 million, or 88 cents per share, from $42.1 million, or 58 cents per share, in the same quarter a year ago.
TAVARES, Fla.— When Arun and Usha Pancholi were deciding where to spend their retirement years, they wanted a place that combined the culture and camaraderie of life in India with the comforts and conveniences they had grown accustomed to after nearly five decades in Minnesota and Ohio.
WASHINGTON— The Senate on Tuesday unanimously confirmed former Procter& Gamble CEO Robert McDonald as the new Veterans Affairs secretary, with a mission to overhaul an agency beleaguered by long veterans' waits for health care and VA workers falsifying records to cover up delays.
NEW YORK— Within minutes, the line at the food truck parked on a busy Queens thoroughfare extended several people deep. New York City's Department of Education put its first truck in service a couple of years ago, and this year it has four— one that goes to Orchard Beach in the Bronx and three that go to a park and two library branches in Queens.