Orbitz says it reached an agreement that will allow it to continue selling American Airlines and US Airways tickets on its sites.» Read More
CHICAGO, Sept 2- OSI Group, the U.S.-based supplier at the center of a food safety scandal in China, has handed control of one of its plants there indefinitely to a subsidiary of competitor Golden State Foods Corp, a Golden State spokeswoman said on Tuesday.
CHAMPAIGN, Ill.— The U.S. Environmental Protection Agency on Tuesday said it has approved permits for the FutureGen clean coal project to store carbon dioxide underground, a key step in the longstanding plan to build the project.
WASHINGTON— A $10 billion investment fund backed by the Russian government that has avoided being targeted by U.S. economic sanctions over the invasion of Ukraine redesigned its website Tuesday and made it more difficult to find names of prominent U.S. and European executives on its international advisory board.
*Weak factory data in China, Europe stoke oil demand fears. NEW YORK, Sept 2- Brent crude oil futures fell to the lowest level in 16 months on Tuesday, pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies pushed U.S. prices to a seven-month low.
Sept 2- Home Depot Inc said on Tuesday it was working with law enforcement to investigate "some unusual activity" related to customer data but that it could not confirm if it had become the latest retailer to be hit by a large-scale security breach.
WASHINGTON, Sept 2- The validity of an Indiana state law that bars companies from requiring workers to join a union and pay union dues was affirmed on Tuesday by a U.S. appeals court in a win for "right to work" advocates. The Indiana law does not violate the U.S.
TORONTO, Sept 2- Amtrak, the U.S. passenger rail service, said on Tuesday that it has asked U.S. regulators to investigate "unacceptable train delays" on its Illinois routes that use Canadian National Railway Co tracks.
NEW YORK— McDonald's said it will monitor its suppliers in China more closely after a food-safety scandal in the country hurt the hamburger chain's sales and reputation. McDonald's, based in Oak Brook, Illinois, reported a 7.3 percent drop in July sales at its restaurants in Asia, the Middle East and Africa.
*Weak factory data in China, Europe stoke oil demand fears. NEW YORK, Sept 2- Brent crude oil futures fell to the lowest level in 15 months on Tuesday, pressured by the prospect of slowing oil demand growth in China and Europe, while a strong dollar and ample supplies pressured U.S. prices.
NEW YORK, Sept 2- The dollar jumped to its highest this year against the yen on Tuesday, lifted by strong U.S. economic data, while the euro slipped to a one-year low on speculation the European Central Bank will move toward looser monetary policy when it meets later this week.
CHICAGO— Grain futures were mostly higher Monday in early trading on the Chicago Board of Trade. Wheat for Dec delivery was unchanged at $5.6350 a bushel; Dec corn was 1.25 cents lower at $3.6350 a bushel; Dec oats were unchanged at $3.4225 a bushel; while Nov soybeans gained 9.75 cents to $10.34 a bushel.
*Dollar General ups Family Dollar bid. *Markit factory activity expands in August. Financial data firm Markit said its final U.S.
CHICAGO— Archer Daniels Midland Co. is selling its global chocolate business to Cargill for $440 million. The sale includes chocolate manufacturing operations in Hazleton, Pennsylvania; Milwaukee; Georgetown, Ontario, Canada; Liverpool, U.K.; Manage, Belgium and Mannheim, Germany.
THE SKINNY: Cornell University researchers randomly assigned almost 100 undergraduates to watch one of three 20- minute sessions featuring: "The Island," a 2005 sci-fi thriller starring Scarlett Johansson and Ewan McGregor; that same movie but without the sound; or the "Charlie Rose" show, a public television interview program.
NEW YORK— Concerns over weaker global growth appeared to overshadow strong reports about the U.S. economy Tuesday, nudging the stock market to a tiny loss. Crude prices sank 3 percent, pulling down stocks of oil producers.
DETROIT, Sept 2 Reuters)- Detroit's plan to recover from bankruptcy includes several blueprints for a new future. "What Detroit needed to start with was a reinvestment program," said James Spiotto, managing director of Chapman Strategic Advisors, a municipal finance consultancy.
CHICAGO— Americans' eating habits have improved— except among the poor, evidence of a widening wealth gap when it comes to diet. Yet even among wealthier adults, food choices remain far from ideal, a 12- year study found. Frank Hu of the Harvard School of Public Health.
The Mason City Globe Gazette reports IngeniOz vodka started selling for about $24 a bottle in Iowa stores a month ago. The OZ Spirits company was started in 2012 by Johannes Van Leeuwen after he developed the process for creating vodka with zero impurities at Iowa State University.
PHOENIX— The future of the Frank Lloyd Wright School of Architecture has divided the institution named for the iconic designer. The Scottsdale- based Frank Lloyd Wright Foundation, which operates the school, announced last week that it would not independently incorporate the school as a way to stay accredited.
The repeal movement drew support from tea party groups, but Senate President Pro Tem Del Marsh, a Republican, blocked the bills with the support of one of the state's most powerful business groups, the Business Council of Alabama.