CNBC's Mary Thompson reports why companies are hiring Advanced Technology Services to maintain its factory equipment.» Read More
Frank Perkins Hixon Jr., 55, was sentenced in federal court in Manhattan by Judge Ronnie Abrams. The government said Hixon generated a $260,000 profit by trading on information he knew because he headed an Evercore team advising on a deal by a liquid storage company to sell off some assets. Evercore fired Hixon in January after investigating his trades.
WASHINGTON— A sixth straight month of solid 200,000- plus job growth in July reinforced growing evidence that the U.S. economy is accelerating after five years of sluggish expansion. WASHINGTON— U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year.
Aug 1- Biota Pharmaceuticals Inc said its influenza treatment failed to meet the main goal in a mid-stage study, about two months after the company lost a key government contract supporting the drug's development.
NEW YORK, Aug 1- Summer jobs: The very mention brings up memories of low pay, long hours and sweaty, clueless teenagers who don't really know what they're doing. JASON MRAZ, SINGER AND SONGWRITER. "My dad was a fence contractor in Mechanicsville, Virginia, so my first paying gig was building fences.
Aug 1- Biota Pharmaceuticals Inc said its experimental influenza drug failed to meet the main goal in a mid-stage study. The U.S. Department of Health and Human Services in April pulled out of a contract to support the drug's development with $231 million, after which the company said it would stop work on the drug.
ALBANY, Ga.— A Georgia peanut plant linked to a deadly salmonella outbreak cut corners and sent fake lab results to customers, endangering consumers nationwide, federal prosecutors said Friday as they opened a rare case seeking criminal punishment for corporate workers over food poisoning.
Private prison companies Geo Group and competitor Corrections Corporation of America, for example, stand to gain if Congress approves any emergency funding for family detention facilities.
WASHINGTON— For months, CIA Director John Brennan stood firm in his insistence that the CIA had little to be ashamed of after searching the computers of the Senate Intelligence Committee. His defiant posture quickly collapsed after a devastating report by his own inspector general sided against the CIA on each key point of the dispute with the Senate.
July 31- Online travel agency Expedia Inc reported better-than-expected quarterly results, driven by higher hotel and flight bookings.
CALHOUN, Ga.— Mohawk Industries Inc. on Thursday reported earnings that nearly doubled in its second quarter, and topped analysts' expectations. The Calhoun, Georgia- based company said profit increased to $152.8 million, or $2.08 per share, from $84.6 million, or $1.16 per share, in the same quarter a year ago.
That's what$ 1 million will buy you in the Phoenix suburb of Mesa. The Bay Area saw a record number of houses and condos going for $1 million and above in the spring, pushing the median selling price into the cool million-dollar range for the first time in June, real estate research firm CoreLogic DataQuick said Thursday.
NEW YORK— Coca-Cola is reversing course after fans of Vitaminwater complained about the drink's new sweetener. The Atlanta- based company promised Thursday the drink would go back to its previous taste after fans flooded Vitaminwater's Facebook page with negative comments.
ALBANY, Ga.— After three days of jury selection, a panel with plenty of extra members was seated Thursday to hear the case of three people charged in connection with a deadly salmonella outbreak traced to a southwest Georgia peanut plant five years ago.
The Labor Department said Thursday that applications for jobless aid increased 23,000 to a seasonally adjusted 302,000. The less volatile four-week moving average dipped to 297,250, the lowest reading since April 2006. New York: Down 18,663, due to fewer layoffs in education, transportation and warehousing, and health care and social assistance.
ATLANTA— Beazer Homes USA Inc.' s fiscal third quarter loss widened, stung by a loss on debt extinguishment. The Atlanta homebuilder reported a loss of $12.4 million, or 47 cents per share, for the period ended June 30. That compares with a loss of $5.8 million, or 23 cents per share, in the same quarter a year earlier.
July 30- Two airline trade groups asked a U.S. appeals court on Wednesday to review fee increases on airplane tickets imposed by the Transportation Security Administration, saying the agency is "improperly" raising taxes on travelers and hurting carriers.
National Transportation Safety Board investigators say the plane with Vein Guys medical practice employees aboard hit the unlighted pole at the Thomson-McDuffie County Airport near Augusta the night of Feb. 20, 2013.
ALBANY, Ga.— The trial of three people charged in a deadly salmonella outbreak linked to a southwest Georgia peanut plant could keep jurors tied up for more than two months, the trial judge said Wednesday.
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.
PITTSBURGH— More than 2,000 union workers and others organized by the coal industry in Pennsylvania, Ohio and West Virginia joined top state elected officials Wednesday to rally against proposed stricter federal pollution regulations for coal-burning power plants.