New housing data show the consumer environment is still healthy, investment pros tell CNBC.» Read More
BRISTOL, Tenn.— Roush Fenway Racing has landed Ortho as a sponsor for "roughly half" of Greg Biffle's races next season. Biffle's team is losing sponsor 3 M after this season. Roush Fenway Racing President Steve Newmark said Friday it was unclear which races will run with Ortho as the primary sponsor.
Aug 22- General Motors Co said it opened a fourth IT center in the United States in Phoenix, Arizona as it aims to improve performance and cut operational costs. The automaker said it expects to hire 1,000 employees at the center over the next five years. GM's three other IT centers are in Warren, Michigan, in Austin, Texas and in Roswell, Georgia.
NEW YORK— In a story Aug. 20 about lending to women-owned businesses, Maria Coyne, head of small business banking at KeyBank, was quoted by The Associated Press as saying the Federal Deposit Insurance Corp. examines banks' lending records and makes a judgment about whether they're being prudent lenders.
NEW YORK— Home Depot said Thursday that Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1. Frank Blake has been Home Depot's chairman and CEO since 2007, and he will remain chairman of the company.
ATLANTA, Aug 21- Appearing thin but smiling, a Texas doctor who weeks ago entered an Atlanta hospital in a full-body biohazard suit to be treated for Ebola said on Thursday he was "thrilled to be alive" as doctors declared him virus-free and safe for release.
ATLANTA, Aug 21- Two American aid workers who just weeks ago were gravely ill with Ebola they contracted in Liberia now pose no health risk to the public after being cleared of the virus and released from an Atlanta hospital, one of their doctors said on Thursday.
ATLANTA, Aug 21- Two American aid workers discharged from an Atlanta hospital after being treated for Ebola pose no health risk to the public, an Emory University Hospital doctor said on Thursday.
The TVA said the plant consumes about 7,200 tons of coal daily. TVA already has announced plans to shut down coal-fired boilers at plants in Alabama, Kentucky and Tennessee. The U.S. government-owned utility supplies power to about 9 million people in Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.
NEW YORK— Retailer Aaron's said Thursday that longtime Chief Financial Officer Gilbert Danielson will become its interim CEO at the end of August. Aaron's announced earlier this month that CEO Ronald Allen will retire Aug. 31. Aaron's Inc. sells and leases furniture and accessories and offers flexible payment plans for people with credit problems.
ABIDJAN, Aug 21- An American doctor who contracted Ebola treating victims of the deadly virus in Liberia has recovered and will be discharged on Thursday by the U.S. hospital that treated him with an experimental drug, his charity said.
LAS VEGAS— While gay couples still can't get married in the marriage capital of the world, Las Vegas wants to let them know they— and their money— are more than welcome to the buffet of other activities Sin City has to offer.
WASHINGTON— Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds— $7 billion of it geared for consumer relief— offers a glint of hope for desperate homeowners. "It is certainly better than nothing," said Bruce Marks, chief executive of the nonprofit Neighborhood Assistance Corporation of America.
PITTSBURGH— The National Park Service has banned drones from flying over the Appalachian Trail. The Park Service said Wednesday the interim rule prohibits launching, landing or operating unmanned aircraft from or on Appalachian National Scenic Trail lands.
Some customers of The UPS Store may have had their credit and debit card information exposed by a computer virus.
NEW YORK— Women are a growing force in the business world, but if they own a company, they may still struggle to get a loan from a bank. Carrie Charlick and Marcia Cubitt have $4 million in sales but have been rejected for $500,000 credit lines since 2012. Their 11- year-old company, Essential Body Wear, sells women's underwear at parties at customers' homes.
NEW YORK— American cities looking to be more innovative in how they address local issues can now get a helping hand from former New York City Mayor Michael Bloomberg's charitable foundation. "We're asking cities to do so much more," said James Anderson, who leads the government innovation programs at the foundation.
Aug 20- Departures and primary losses for 28 Republicans in the U.S. House of Representatives have created opportunities for a new wave of conservative and Tea Party- backed candidates. The Republican nominee to replace him is Gary Palmer, a fund raiser for a conservative think tank in Alabama who is backed by the anti-tax group Club for Growth.
WASHINGTON, Aug 20- Mike Yack has left the workforce twice in the last eight years and calls himself retired, yet at age 62 the former General Motors employee does not consider his working life over. Yack, who says he can get by on Social Security and his GM pension, is among millions of Americans who could re-enter the U.S. labor force if the economy improves.
It all makes Sonia Rao, a stay-at-home mother of a 1- year-old in Mountain View, California, "a little uncomfortable." WASHINGTON— U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines.
Aug 19- Southeastern Grocers LLC, which operates supermarket chains Winn- Dixie and BI-LO, called off its plans for an initial public offering, joining a list of companies that have pulled their offerings this year. The company runs more than 650 BI-LO and Winn- Dixie stores in southeastern U.S. states of Florida, Alabama, Louisiana and Georgia.