Richard Mellon Scaife, the grand-nephew of Andrew Mellon, has died.» Read More
CHICAGO, July 30- Cargill Inc, one of the nation's largest beef processors, said on Wednesday it plans to close its Milwaukee, Wisconsin, beef-processing plant on Friday, because the size of the U.S. herd has fallen to its smallest in 63 years.
WASHINGTON— In a story July 29 about consumer debt reported to collection agencies, The Associated Press erroneously indicated that 80 percent of Americans have no debt on file. The study released Tuesday by the Urban Institute found that 20 percent of Americans with credit records have no debt on file.
WASHINGTON, July 30- The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing.
*Twitter rallies after blockbuster results. NEW YORK, July 30- U.S. stocks were flat on Wednesday, paring earlier gains as a strong read on second-quarter economic growth sparked concerns the Federal Reserve may adjust its stimulus earlier than expected.
NEW YORK— The long-awaited surge in hiring at small businesses appears to be underway. Faulkner Hyundai in Harrisburg, Pennsylvania, is adding seven people to its staff of 92 because new cars are selling at their fastest rate in eight years. As recently as March, an American Express survey found 76 percent of owners planned to hire only when their revenue rose.
He said some of the fine will be used to increase the training Aramark employees receive. Mohr said Aramark has saved Ohio $13 million since September and likely prevented the state from having to close Hocking Correctional Facility in southeastern Ohio. The Aramark contract is on track to save Ohio more than $16 million next year, Mohr said.
The yearlong investigation by Republican staff on the Senate Homeland Security Committee paints a portrait of inspection delays, government errors in risk assessment and industry loopholes in a $595 million terror prevention program passed by Congress in 2006..
The Florida- based software provider ExamSoft Worldwide Inc. said the processing problem created a six-hour backlog that had been cleared by early Wednesday morning.
PITTSBURGH— More than 2,000 union workers and others organized by the coal industry in Pennsylvania, Ohio and West Virginia joined top state elected officials Wednesday to rally against proposed stricter federal pollution regulations for coal-burning power plants.
WASHINGTON, July 30- U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.
July 29- United States Steel Corp reported a narrower second-quarter loss on Tuesday as steel prices improved, but the impact of bad weather, higher repairs and maintenance costs continued to weigh on earnings. Net loss narrowed to $18 million, or 12 cents a share, in the three months to end-June from $78 million, or 54 cents, a year earlier.
NEW YORK, July 29- A bipartisan group of U.S. lawmakers warned on Tuesday that restricting Mexican sugar imports would inflate food prices and threaten U.S. food manufacturers, the latest sign that pressure is growing on Washington to avoid trade barriers.
*Merck rises as results beat expectations, but Pfizer slips. Windstream Holdings jumped 12.8 percent to $11.88 in its busiest trading day on record after the company filed to spin off assets into a tax-efficient publicly-traded real estate investment trust.
EASTON, Pa.— Crayon manufacturer Crayola is building a family attraction in Florida, similar to the one it operates in its home state of Pennsylvania, and more could be on the way around the country if the new place does well. Crayola, a subsidiary of Kansas City, Missouri- based Hallmark Cards Inc., noted Orlando is a top family destination.
PITTSBURGH— The city of Pittsburgh and the University of Pittsburgh Medical Center have dropped opposing lawsuits over the hospital network's nonprofit status.
The agency is holding hearings this week in Atlanta, Denver, Pittsburgh and Washington on President Barack Obama's plan to cut carbon-dioxide emissions by 30 percent by 2030, with 2005 levels as the starting point. John Kinkaid, a Moffat County, Colorado, commissioner, told the EPA in Denver that the rules would devastate his area, home to a major power plant.
WASHINGTON— More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
WASHINGTON— In a victory for airlines and their workers' unions, the House rejected consumers' complaints and easily passed legislation Monday letting airline advertising emphasize the base price of tickets, before taxes and fees are added.
NEW YORK— As a transgender woman who began her transition about a year ago, Kylie Jack is still figuring out her fashion style, but she wanted one thing right away: well-fitting bras. Friends recommended Petticoat Fair in Austin, Texas, where she lives.
WASHINGTON, July 28- Contracts to buy previously-owned U.S. homes unexpectedly fell in June, but the data did little to change perceptions the housing sector was gradually recovering after slumping in late 2013.. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, fell 1.1 percent to 102.7.