New housing data show the consumer environment is still healthy, investment pros tell CNBC.» Read More
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.
He was indicted along with his former boss, Peanut Corporation of America owner Stewart Parnell, and two others. It also charges Stewart Parnell and the plant's quality assurance manager, Mary Wilkerson, with obstructing justice.
ATLANTA— Home Depot's fiscal second-quarter net income surged 14 percent thanks to a rebound in its spring selling season. "These results support the view of a continued recovery in the U.S. home-improvement market," Frank Blake, Home Depot's CEO, told investors during its earnings call. Home Depot also has been helped of late by an improving U.S. housing market.
The probe covers trucks from the 2000 to 2012 model years made by Ohio- based Sutphen Corp.. The National Highway Traffic Safety Administration says two ladders fell after the trucks were recalled in May of last year. Six people were hurt in incidents in Belle Valley, Pennsylvania, and Hall County, Georgia.
WASHINGTON— Washington may be a sea of dysfunction, but the current Congress is offering a few reminders about how a bill becomes a law: compromise. However, when it came to improving veterans' health care, overhauling job training programs, authorizing water projects and "unlocking" cellphones for use in other networks, Congress managed to get the job done.
The Labor Department said Monday that unemployment rates fell in eight states in July and were unchanged in 12. At the same time, hiring rose in 36 states, fell in 13, and was unchanged in Iowa. Mississippi had the highest unemployment rate in July, at 8 percent, its first month with the highest since the 2008-2009 Great Recession.
The latest announcement came this week from executives at SCANA Corp., which has been warned by its builders the startup of the first of two new reactors in South Carolina could be delayed two years or more.
ATLANTA— Coca-Cola Co. will acquire a 16.7 percent stake in Monster Beverage Corp. for $2.15 billion as part of an effort to boost growth. Coca-Cola will also place two directors on the Corona, California- based energy drink company's board.
The SEC said Toth called his financial advisor and arranged to buy 5,000 shares of O'Charley's after his client revealed the impending acquisition during a tax-planning meeting. Nash bought 10,000 shares, while Schlossberg tipped his business partner, Moshe Manoah, and the two of them jointly bought stock using an account held by Manoah's wife, the SEC said.
JACKSON, Miss.— Mississippi Power Co. says a key part of its $5.5 billion Kemper County power plant is operational. It comes even as Mississippi Power completes the permanent fuel source, a part of the plant that will turn lignite coal into synthetic gas.
Aug 14- With the cost of college textbooks surpassing $1,000 a year for many students, soon-to-be sophomore Matt Schroeder came up with a smart way to trim costs. "My calculus book that usually costs $180, I got for the semester for $10 and a Chick-fil-A biscuit," says Schroeder, 19, who attends Covenant College in Georgia.
ALBANY, Ga.— A former manager of a south Georgia peanut processing plant blamed for a deadly salmonella outbreak lied to federal investigators to protect the company he worked for but decided to come clean after realizing how many people had been sickened, he testified Thursday.
NEW YORK— You can have Bill Cosby in the palm of your hand. Netflix is announcing performances by both comics and three more, set to roll out this fall. Taped at Boston's Wilbur Theatre, it finds Jefferies weighing in on diverse topics such as politics, new fatherhood, orgies and Neil Diamond.
ATLANTA— State labor officials say Georgia's unemployment rate has risen to 7.8 percent. The Georgia Department of Labor on Thursday announced the new jobless figure, which is up from 7.4 percent in June. State Labor Commissioner Mark Butler said the increase is mostly due to temporary, seasonal layoffs in local government and manufacturing.