While other Republicans are thinking about 2016, former Florida Gov. Jeb Bush is busy tending to a personal business empire.» Read More
SAN FRANCISCO— A national marijuana advocacy group took steps Wednesday to begin raising money for a campaign to legalize recreational pot use in California in 2016, a move with potential to add a dose of extra excitement to the presidential election year.
The company raised about $161.4 million after its offering was priced at $12 per share, the low end of its expected price range of $12- $14. Smart and Final, backed by private equity firm Ares Management LP, is selling all the 13.45 million shares in the offering. Ares Management bought Smart and Final from Apollo Global Management LLC in 2012 for $975 million.
BOSTON/ DETROIT, Sept 23- General Motors Co on Tuesday named an engineer to serve as its first cybersecurity chief as the No. 1 U.S. automaker and its rivals come under increasing pressure to better secure their vehicles against hackers. "So that's the competitive advantage we're trying to really put in place for General Motors."
SAN FRANCISCO— State and federal officials sought Tuesday to bring order to California's boom for renewable-energy plants in the Mojave and other southern California deserts, releasing a roadmap covering 22.5 million acres that designates some areas for large-scale solar, wind and geothermal plants and others for conservation of desert habitat and animals.
RENO, Nev.— Nevada utility officials said Tuesday they will turn over all data demanded by state regulators investigating whether smart electricity meters pose a fire danger.
LOS ANGELES— An alliance of four companies proposed an $8 billion project Tuesday that within a decade could send wind power generated on the plains of Wyoming to households in Southern California.
RICHMOND, Va.— A former developer was sentenced to 20 years in prison Tuesday for fraudulently obtaining tax credits and then plotting to flee the country while he was supposed to be liquidating assets to raise money to repay his victims.
CORAL GABLES, Fla.— While other Republicans considering the 2016 presidential race are openly laying the foundations of potential campaigns, former Florida Gov.
LAS VEGAS— Taylor Swift didn't divulge any more new secrets about her forthcoming album when she took the stage at the iHeartRadio Music Festival in Las Vegas, but the crowd's enthusiasm about her bouncy new single, "Shake it Off," seems to bode well for the new record.
ATLANTIC CITY, N.J.— New Jersey's fledgling Internet gambling market lost its first provider Friday when Ultimate Gaming accused its partner, the Trump Taj Mahal Casino Resort, of multiple contract breaches and said it is pulling out of New Jersey.
The Labor Department says unemployment increased in 24 states, fell in 15 and was unchanged in 11. Hiring picked up in 35 states, while it fell in 15.. Georgia's unemployment rate jumped to 8.1 percent from 7.7 percent in July to the highest among all the states. Previously, Nevada, Michigan and Rhode Island have had the highest.
LAS VEGAS— Nevada's unemployment rate ticked down last month to its lowest level in six years, helped by rebounds in the construction and business services industries, state officials said.
JetBlue Airways Corp. CEO Dave Barger will step down in February and be replaced by the company's president, ending months of speculation about leadership at the airline, which is profitable but has lagged its rivals.
Google Inc got permits for testing 25 adapted Toyota Motor Corp Lexus SUVs, and two permits each went to Daimler AG's Mercedes-Benz and Volkswagen AG's Audi, said Bernard Soriano of the California Department of Motor Vehicles. Lexus, Mercedes-Benz and Audi are all luxury brand vehicles.
Sept 18- Mercedes-Benz, the luxury brand of Daimler AG, has received one of the first California licenses for self-driving cars, the company said on Thursday.
Sept 18- UBM Plc, a British communications and events company, confirmed that it was in talks to acquire Advanstar, a privately held U.S. trade show organiser. Reuters reported on Tuesday that UBM was in advanced talks to acquire Advanstar for around $900 million. 1/ 8 ID: nL1N0RH0ZO.
ALBUQUERQUE, N.M.— New Mexico saw a spike in the number of people living in poverty last year and maintained the nation's second-highest percentage, according to U.S. Census Bureau numbers released Thursday. Only Mississippi had a poverty rate higher than New Mexico in 2013 with 24 percent of that state's residents living in poverty.
Sept 17- Farmland prices in Iowa, the top U.S. corn and soybean state, were down an average 3.4 percent over the past six months, and more than 8 percent from a year ago- pressured by lower grain prices and firmer interest rates, a twice-yearly survey of realtors said on Wednesday.
RENO, Nev.— Wells Fargo Bank has agreed to pay $290,000 to four tellers in Nevada to settle a same-sex sexual harassment case brought by the U.S. Equal Employment Opportunity Commission.
Sept 17- Two years after it began flying tourists over the Grand Canyon, Air Methods Corp is looking to expand its U.S. travel business as a lucrative sideline to its air ambulance services. Chief Executive Aaron Todd, however, expects tourism to be a significant driver of revenue for Air Methods as U.S. consumer confidence returns.