New housing data show the consumer environment is still healthy, investment pros tell CNBC.» Read More
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.
GAZA CITY, Gaza Strip— Six people— including an Associated Press video journalist— were killed Wednesday when leftover ordnance believed to have been dropped in an Israeli airstrike blew up in the Gaza Strip.
WASHINGTON— The clock is ticking for hundreds of thousands of people who have unresolved issues affecting their coverage under the new health care law. Of the 8 million people who signed up for private coverage through President Barack Obama's law, more than 2 million at one point had discrepancies of some sort that affected their eligibility.
WASHINGTON— Hundreds of thousands of people who signed up under the new health care law risk losing their taxpayer-subsidized insurance unless they act quickly to resolve questions about their citizenship or immigration status.
Samuel Lightsey continued testifying as a prosecution witness against his former boss at Peanut Corp. of America, Stewart Parnell, and two others. The first time he ever saw a positive test for salmonella was in August 2008, not long after he joined Peanut Corporation, he said.
NEW YORK— Marvel Entertainment, which muscled into pop culture with comic books, TV cartoons and movies, is gambling on attracting new fans as it tackles 3- D— but forget the silly glasses. "We pushed ourselves so much on this project to do things that have never been done before," said producer Juliette Feld, who is a Feld Entertainment executive vice president. "
VAISHALI, India— The executives mingled over tea and sugar cookies, and the chatter was upbeat. "We're here not only to run our businesses, but to also serve the nation," said Abhaya Shankar, a director of India's Asbestos Cement Products Manufacturers Association.
The Associated Press reviewed all 15 petitions filed by drivers with the National Highway Traffic Safety Administration since 2010 and found the agency missed the legal deadline to grant or deny the requests 12 times.
Samuel Lightsey is a key government witness against his former boss, Peanut Corporation of America owner Stewart Parnell, and two others.
MONROVIA, Liberia— Liberia announced Monday that it would soon receive doses of an experimental Ebola drug and give it to two sick doctors, making them the first Africans to receive some of the scarce treatment in a spiraling outbreak.
NEW YORK, Aug 10- General Motors Co has lost its bid to dismiss a lawsuit accusing the automaker of concealing critical evidence about a faulty ignition switch linked to the death of a Georgia woman in 2010..