The Connecticut Senate approved raising the minimum wage to $10.10 an hour by 2017, the same rate the president wants for the federal minimum wage.» Read More
BOSTON, April 9- Templeton Global Bond Fund manager Michael Hasenstab, who has a multibillion-dollar bet on Ukraine bonds, says he is confident the country can flourish over the next decade and that the international community can put together a reform package to solve any short-term liquidity and solvency issues.
NEW YORK, April 9- U.S. retail and institutional investors pulled cash from broad commodity exchange-traded funds for a fifth straight quarter even as coffee, natural gas and hogs prices had their best run in years, data from Thomson Reuters Lipper showed on Wednesday.
April 9- Hearst TV said on Wednesday it signed an agreement with Dish Network Corp ending a blackout that affected Dish subscribers who could not see programs from ABC, NBC and CBS broadcast affiliate stations in 25 markets. "We appreciate the support and patience of our viewers, advertisers and local communities served by our stations," Hearst said in a statement.
Wall Street analysts had estimated a potential market of $3 billion for the devices made by Medtronic Inc, Boston Scientific Corp and St Jude Medical Inc. But failure of the high-stakes clinical trial set off a heated debate between doctors who believe the approach is worth saving and those who say results show it provides no clear benefit.
April 9- Dish Network Corp customers in 25 markets across the United States can no longer view programs from ABC, NBC and CBS broadcast affiliate stations due to an impasse between the satellite provider and Hearst Television. Hearst owns 29 local TV broadcast affiliate stations in 25 markets, including Baltimore, Boston and New Orleans.
NEW YORK— Small businesses are in limbo as they wait for Congress to make decisions that could save them a lot of money. Bills in Congress would extend tax deductions widely used by small businesses making equipment or property purchases.
LONDON, April 9- Borrow-low, invest-high carry trades in foreign exchange markets are back again after a bad few months, as anticipation of a U.S.-led global recovery lures investors to return to risky emerging currencies, with the euro a likely loser.
PROVIDENCE, R.I.— Two Rhode Island lawmakers are launching a push to lower the state's 7 percent sales tax in an effort they say will help the economy. Malik says Rhode Island businesses are at a disadvantage because Massachusetts and Connecticut have lower sales taxes. Rhode Island's sales tax generates $900 million a year.
The SEC, which announced the settlement on Tuesday, said CVS failed while marketing a $1.5 billion bond offering in September 2009 to disclose having recently lost significant Medicare and contract revenue streams in its pharmacy benefits manager business, including from the former Caremark Rx Inc that it bought in March 2007.
MONTPELIER, Vt.— The Vermont House bucked the wishes of Gov. Peter Shumlin on Tuesday by calling for an increase in the state's minimum wage to $10.10 per hour starting in January, rather than 2017.. A January 2015 start date to $10.10 per hour would make Vermont the first state to break the $10 mark on its minimum wage.
DETROIT— Electric car maker Tesla Motors Inc. says it will begin leasing cars to small and midsize businesses. Leasing a base Model S for 36 months would cost $1,012 per month with roughly $6,000 up front, according to Tesla's website.
SANDS POINT, N.Y.— Tanisha Verdejo loves to surf the Internet for online shopping deals. She chats on Facebook, learns about new recipes and enjoys sending emails to friends and family.
Zogenix filed suit in U.S. District Court in Massachusetts on Monday requesting that the court temporarily stop Massachusetts Governor Deval Patrick's executive order. The San Diego- based company argues in its lawsuit that Governor Patrick's order is at odds with the U.S. Food and Drug Administration, which approved use of Zohydro for severe pain in October.
WASHINGTON— The Federal Trade Commission says the operators of a website called Jerk.com are the ones behaving badly. The commission said Monday the website harvested personal information from Facebook to create profiles labeling people a "Jerk" or "not a Jerk".
BOSTON, April 7- Harvard University said on Monday it adopted a set of environmental and social investing principles backed by the United Nations for its huge endowment fund, a move that could add pressure on companies in its portfolio to make more disclosures on areas like carbon emissions.
NEW YORK, April 7- U.S. Treasuries prices rose on Monday, extending last week's gains as a deepening sell-off on Wall Street inspired a flight into safer government debt, sending the 30- year yield to its lowest in a week.
The SUVs were originally sold or registered in 20 states and Washington, D.C., where salt is used to clear snow and ice from roads. The Escapes covered by the recall were built from Oct. 22, 1999 through Dec. 19, 2003 at the Kansas City Assembly plant, and from May 1, 2003 through Jan. 23, 2004 at the Ohio Assembly plant, Ford said in a statement issued Monday.
The agency fined National Grid $18.7 million for Tropical Storm Irene in August 2011 and for a rare October snowstorm. The storms had a "catastrophic impact" on the overhead electric system and given the severity of damage National Grid acted "diligently and reasonably to restore service safely and promptly," the company argued.
NEW YORK, April 7- Wall Street stocks sank on Monday, joining a broad retreat in global equities markets from a six-year high touched last week, while U.S. The dollar fell against major currencies as comments from European Central Bank policymakers curbed expectations for more stimulus and boosted the euro against the greenback.
NEW YORK— Chili's has canceled a fundraiser for a group that says that autism can be triggered by vaccinations, a position widely discredited by the medical community. To honor National Autism Awareness month, the restaurant chain had planned on donating a portion of its sales on Monday to the National Autism Association.