In states opting out of the Medicaid expansion program, hospitals face higher costs under the Affordable Care Act.» Read More
CHICAGO-- Illinois took a giant step toward fixing its biggest financial problem Thursday by putting a sweeping pension reform on the books, but legislators' inaction on tax incentives aimed at keeping companies and creating new jobs has triggered fresh concerns about the state's business climate.
NEW YORK-- Food Technology Service is being acquired by private equity firm GTCR for about $20.5 million. If the deal is completed it will become part of GTCR's Sterigenics International business, which runs 39 sterilization facilities around the world. Shares of Food Technology Service Inc. traded as high as $6.75 in August.
CHICAGO-- California has Disneyland and Florida has Disney World. Now a California couple who bought the house where Walt Disney was born 112 years ago plans to turn it into a historical site and museum.
NEW YORK, Dec 6- Last year, I needed to find a boarding situation for Katie the poodle while the family went on vacation. I heard about spa kennels where Katie would receive a daily massage, and saw Craigslist ads for dog sitters who said they would allow canine visitors to share their bed at night.
Jos. A. Bank Clothiers Inc. disclosed Thursday that Ohio's attorney general is looking into some of its advertising and marketing practices. Kate Hanson, a representative for Ohio Attorney General Mike DeWine, said the office could not comment under state law.
JACKSON, Miss.-- Southwest Airlines is closing down operations at Jackson-Evers International Airport on June 6, 2014. Bob Jordan, Southwest's executive vice president and chief commercial officer, says the level of local demand no longer allows Southwest to profitably serve Jackson.
*ICD buys Atlantis from Dubai World arm Istithmar. *Sale adds to series of 2013 asset sales by Dubai World. DUBAI, Dec 5- A unit of Dubai World has sold its Atlantis resort, which sits on a palm tree-shaped island in the Gulf, in an asset shuffle between state entities to help the group meet huge debt repayments after a $25 billion restructuring in 2011..
The suit on behalf of the family of Mary DeLorenzo Knight was filed Wednesday morning in federal court in Tampa. Mary DeLorenzo Knight was one of 12 people killed by Aaron Alexis on Sept. 16 before he was killed in a shootout with police. Navy officials have said they found no record that the company alerted the Navy about his mental health.
MIAMI-- A South Florida attorney has been convicted for his role in an $800 million insurance fraud scheme involving investments in death benefits. A jury on Wednesday convicted 64- year-old Anthony Livoti Jr. of money laundering and fraud conspiracy in the Mutual Benefits Corp. case. Company co-founder Joel Steinger is set for trial in April.
*ICD buys Atlantis from Dubai World arm Istithmar. *Sale adds to series of asset sales by Dubai World this yr. DUBAI, Dec 5- A unit of Dubai World has sold its Atlantis resort, which sits at the head of a palm tree-shaped island in the emirate, as the state-owned group raises funds to meet huge debt repayments after a $25 billion restructuring in 2011..
WASHINGTON, Dec 5- Industries with millions of dollars at stake over the U.S. government's plan to lower the amount of biofuel that must be used in 2014 will air their grievances on Thursday in one of the most divisive policy debates of the year.
Researchers at New York University and University of California, Berkeley analyzed 96 metropolitan areas across the United States to see how a lack of economic integration within cities affects people's economic fortunes.
NEW YORK, Dec 4- Portfolio manager Joel Beam has spent the last 13 years investing in a part of the market that even many professional investors aren't familiar with. There are now 41 preferred funds tracked by Morningstar; 10 years ago there were only five, including the Forward fund.
*Stocks down as ADP, home sales data counter services numbers. NEW YORK, Dec 4- U.S. stocks fell back on Wednesday after a brief rebound while Treasury yields edged higher as strong data on U.S. private-sector jobs growth and home sales raised expectations that the Federal Reserve will roll back its stimulus sooner than later.
NEW YORK, Dec 4- U.S. The market stabilized after the Institute for Supply Management's gauge on U.S. services industries fell more than expected in November, suggesting slower growth in that sector and reviving some bids for government bonds.
*Wall Street higher after weak start on mixed data. NEW YORK/ LONDON, Dec 4- Stocks edged higher after a weak start on Wall Street on Wednesday, while Treasury yields rose after strong data on U.S. private-sector jobs growth and home sales raised expectations that the Federal Reserve will roll back its stimulus sooner than later.
SPRINGFIELD, Ill.-- Illinois lawmakers have adjourned without approving bills proposing tax incentives for Archer Daniels Midland Company, chemical distributor Univar and newly-merged OfficeMax and Office Depot. Univar wants to relocate to Illinois from Washington state. Naperville- based OfficeMax merged with Florida- based Office Depot last month.
*Fed to buy up $3.50 billion in medium-term debt. NEW YORK, Dec 4- U.S. "The market is pricing in a slightly higher probability of a tapering in December or January," said Mike Cullinane, head of Treasuries trading at D.A.
LONDON, Dec 4- Supporters of renewables often imply the clean-energy revolution is close to phasing out fossil fuels for electricity generation in the United States, especially polluting coal-fired power plants.
MIAMI-- Lennar Corp. said Tuesday that a jury has awarded it $1 billion in damages in a long-running defamation dispute with a California developer. But Lennar said Tuesday that it is unlikely it will ever collect the award from Marsch, who failed to appear in court this week.