US Manufacturing Growth Slips to Seven-Month Low
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CNBC's Jane Wells explains how Charles Ramsey came to the rescue at McDonald's.
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COLUMBUS, Ohio-- A northeast Ohio injection-well operator whose former senior officer faces federal charges of violating the Clean Water Act told a state regulatory panel Wednesday that the company can't be blamed for the acts of "a bad person."
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COLUMBUS, Ohio-- Democrats in the Ohio Senate suggested Wednesday that budget writers take millions of dollars from a proposed income tax cut for higher wage earners and direct it to schools instead, as work intensified on the state's spending plan.
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LOS ANGELES-- The incoming mayor of Los Angeles was able to defeat a fellow Democrat by depicting her as a pawn of utility union bosses in a city long friendly to labor, an outcome expected to echo beyond California as unions nationwide face threats to their clout.
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WASHINGTON, May 22- Three congressional hearings during the past week have allowed lawmakers to vent their anger at the U.S. tax agency for its targeting of conservative groups for extra scrutiny, but the sessions have yielded few answers about who was responsible.
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COLUMBUS, Ohio-- L Brands Inc., which owns stores including Victoria's Secret and Bath and Body Works, reported Wednesday that its fiscal first-quarter net income increased 14 percent and nudged up its outlook for the year. The company, which was formerly known as Limited Brands, earned $142.5 million, or 48 cents per share, for the quarter that ended May 4.
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Lawmakers have accused top IRS officials of lying to Congress and not being more forthcoming about what they knew about the targeting. Here is what is publicly known about the IRS scandal, based on the Treasury audit, congressional investigators and IRS officials' recent testimony:.
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*Bernanke touts benefits of Fed easing, but hints could act.
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By Kim Dixon and Patrick Temple-West. WASHINGTON, May 22- The Internal Revenue Service official at the center of a scandal about extra tax scrutiny of conservative groups told Congress on Wednesday she had done nothing wrong but invoked her constitutional right not to answer questions.
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CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
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Lois Lerner, the IRS official at the center of the political targeting scandal plans to assert her constitutional right not to answer questions from a congressional committee.
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We score all the states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.
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*Former IRS chief says enforcement "very, very difficult". WASHINGTON, May 21- As they joined Republicans on Tuesday in bashing the Internal Revenue Service for targeting conservative groups that sought tax-exempt status, Senate Democrats had another target: the regulations that require the U.S. tax agency to weigh the political activity of such groups.
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WASHINGTON, May 21- Top Internal Revenue Service officials told Congress on Tuesday they were unaware of the agency's targeting of conservative groups for extra tax scrutiny until recently and did not deliberately mislead lawmakers last year when they did not reveal the practice.
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After weeks of near-constant coverage of the big decision- will JPMorgan Chase shareholders keep Jamie Dimon as chairman and CEO or relegate him to just CEO? -the verdict came at JPMorgan's annual meeting in Tampa, Florida.
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WASHINGTON, May 21- Top Internal Revenue Service officials told Congress on Tuesday they were unaware of the agency's targeting of conservative groups for extra tax scrutiny until recently and were not deliberately misleading lawmakers last year when they did not reveal the practice.
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WASHINGTON, May 21- With the White House already reeling from three major controversies, some Republican lawmakers are zeroing in on what they perceive is another possible scandal tied to President Barack Obama's landmark health reform law just as it nears implementation.
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WASHINGTON, May 21- A U.S. Senate panel will try on Tuesday to pry more details out of current and former officials of the Internal Revenue Service about the agency's targeting of conservative groups for extra scrutiny when they sought tax-exempt status.
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After a Treasury Department report last week confirmed the targeting by the IRS, the tax agency became the focus of a criminal probe by the Justice Department.
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*Yahoo's board approves $1.1 bln Tumblr acquisition. NEW YORK, May 20- U.S. stocks slipped by afternoon trade on Monday as indexes struggled to break above their record levels with investors hesitant to rush into the market.
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The state has received a $2.1 million federal grant to provide increased reviews for more than 100,000 workers who serve patients in Medicaid- and Medicare- funded settings. John Kasich's administration said last week that Ohio also will provide $700,000 in state funds to improve background checks.