Behind the numbers is a disconcerting brew of statistics that shows the jobs market is far from full health.» Read More
NEW YORK-- Fifth& Pacific Cos. cut its 2012 earnings guidance Monday, citing weak sales of Juicy Couture products. Fifth& Pacific cut its estimated 2012 EBITDA by $25 million and also forecast a weak third quarter.
--AdvancePierre Foods is refinancing its existing debt and paying a special dividend to its shareholders. Rating Action On Oct. 1, 2012, Standard& Poor's Ratings Services affirmed its' B' corporate credit rating on Cincinnati, Ohio- based AdvancePierre Foods Inc. The rating outlook is stable.
COLUMBUS, Ohio-- Ohio State University has signed an agreement with a northwestern Ohio wind farm to provide enough energy to meet as much as 25 percent of the Columbus campus' electrical needs.
WASHINGTON-- The Supreme Court plunged into its new term Monday with a high-stakes dispute between businesses and human rights groups over accountability for foreign atrocities. Cases involving some of the most emotional issues in American life are likely to be decided after voters choose a president and new Congress next month.
DETROIT-- Workers rejected a judge's "ridiculous" order Monday to end a strike protesting job cuts at the Detroit regional water department, a union lawyer said. Union attorney George Washington called federal Judge Sean Cox's injunction "outrageous" and said he would file a motion to dissolve it.
PITTSBURGH-- Bass fishing, gas drilling and downtown Pittsburgh collided at a professional fishing tournament last week, and the unlikely partnership prompted cheers and concerns from anglers, environmentalists and the general public. One of the fishermen at the event said that even having a tournament in Pittsburgh is a sign of progress.
COLUMBUS, Ohio-- Ohio motorists will see gas prices holding steady as they begin a new work week. A month ago, the average gas price in Ohio was $3.89. This time last year, the Ohio average was $3.22.
NEW YORK-- Red Lobster isn't just for the seafood lover in you. Red Lobster also is increasing the number of dishes that cost less than $15 to attract customers who have cut back on spending. The chain, which is owned by Darden Restaurants Inc., says a quarter of the items on its menu will be non-seafood dishes, up from 8 percent.
As the government closed the books Sunday with a $1.1 trillion deficit for the year, which required borrowing 32 cents for every dollar it spent, budget analysts have little confidence in either man's plan to address the accumulating debt, now at about $16 trillion.
NEW YORK-- Macy's Inc. plans to hire about 80,000 seasonal workers this holiday season, a 2.5 percent increase from last year when the Cincinnati- based operator of Macy's and upscale Bloomingdale's hired 78,000 workers.
Ikea believes the shift to the longer-lasting bulbs will help set an environmentally friendly example in the industry and also save the company about $10 million to $20 million a year, or 10 percent, in lighting costs at its 300 stores around the globe, said Steve Howard, the company's chief sustainability officer.
NEW YORK-- An analyst lowered his rating on Wendy's Co. on Monday, saying that he has concerns that a key revenue metric may disappoint in the third quarter.
WASHINGTON-- The U.S. Chamber of Commerce, which has spent tens of millions of dollars on television ads to help boost Republican congressional candidates, launched an extensive effort on Monday to mobilize voters. It also will include information on House and Senate races and a comparison of the candidates on the issues.
CLEVELAND-- A former fugitive suspected of running a $100 million cross-country scam collecting donations for Navy veterans has been identified as a Harvard- trained attorney wanted on unrelated fraud charges since 1987, authorities said Monday.
WASHINGTON-- The Supreme Court opened its new term Monday with a high-stakes dispute between businesses and human rights groups over accountability for foreign atrocities.
The Obama administration plans to file a broad trade case at the World Trade Organization in Geneva on Monday accusing China of unfairly subsidizing its exports of autos and auto parts, a senior administration official said late Sunday, in a move with clear political implications for the presidential elections less than two months away.
New polls show that Medicare ranks as the third most crucial issue to likely voters in Florida, Ohio and Wisconsin, and that more respondents in those crucial states trust President Obama to manage the program, The New York Times reports.
Check out the major metropolitan housing markets with the most affordable homes for sale, counting down to number one.
If television ad spending is any guide, the White House race will come down to nine states that have absorbed an eye-popping $350 million in commercials so far.
CNBC presents a list of 10 foreign-owned brands, businesses and landmarks that are perceived by the public to be as American as it gets.