• Japanese company to open facility in Kentucky Monday, 22 Sep 2014 | 11:49 AM ET

    FRANKFORT, Ky.— A Japanese metalworking company said Monday it plans to spend $8.6 million and hire 30 people to open a plant, joining a growing number of Japanese businesses that have come to the state following Toyota's decision to put its largest North American plant in Kentucky.

  • AutoZone shares drop after 4Q results Monday, 22 Sep 2014 | 9:16 AM ET

    MEMPHIS, Tenn.— AutoZone Inc. on Monday reported fiscal fourth-quarter net income of $373.7 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $11.23 per share. Analysts expected $3.06 billion, according to Zacks.

  • Will more pensions dump hedge funds? Sunday, 21 Sep 2014 | 12:00 AM ET
    The California Public Employees' Retirement System building in Sacramento, Calif.

    More pension funds consider divesting from hedge funds, due to poor performance and high costs. NYT reports.

  • OSHA investigates death of elephant caretaker Friday, 19 Sep 2014 | 10:49 AM ET

    PORTLAND, Maine— Federal workplace safety officials have launched an investigation into the death of a Maine man who was crushed by one of the two elephants in his care.

  • Alabama unemployment declines to 6.9 percent Friday, 19 Sep 2014 | 9:24 AM ET

    MONTGOMERY, Ala.— Alabama's unemployment rate decreased slightly in August to 6.9 percent, but remained above last year's rate for last month. Robert Bentley announced Alabama recorded 6.9 percent in August, compared to 7.0 percent in July and 6.5 percent in August 2013.

  • VANCOUVER, Sept 17- Workers at a FedEx Corp warehouse in western Canada have successfully unionized, the first employees besides pilots at the package delivery company to organize in North America, a local Teamsters union said on Wednesday.

  • Family Dollar opposes Dollar General overture Wednesday, 17 Sep 2014 | 8:49 AM ET

    MATTHEWS, N.C.— Family Dollar has told shareholders to reject an unsolicited, $9.1 billion takeover bid from its rival, Dollar General. Family Dollar is currently trying to arrange a sale to another bargain chain, Dollar Tree Inc..

  • FedEx to add 50,000 seasonal jobs Wednesday, 17 Sep 2014 | 7:46 AM ET

    DALLAS— Growth in online shopping is boosting profit at FedEx, and the company plans to hire more than 50,000 extra workers to handle what is shaping up as another record year for holiday-season package deliveries. The hiring plan from FedEx Corp. came a day after rival UPS said it would hire up to 95,000 seasonal workers.

  • FedEx to hike ground, express delivery rates Tuesday, 16 Sep 2014 | 5:33 PM ET

    MEMPHIS, Tenn.— FedEx says it will raise U.S. rates for express, ground and home-delivery shipments by an average of 4.9 percent in January. The company said Tuesday that rates also will change for FedEx SmartPost, which uses the U.S. Postal Service for final delivery, although it didn't say how much. Shares of FedEx Corp. shares rose 62 cents to close at $154.66.

  • Cargill to close corn milling plant in Memphis Tuesday, 16 Sep 2014 | 1:32 PM ET

    MEMPHIS, Tenn.— Cargill will close its corn milling plant in Memphis, Tennessee early next year, citing its location outside of the corn belt and underutilization. The milling plant has about 440 workers, with 120 of those being contract employees. In July Cargill announced plans to close a Milwaukee beef-processing plant due to a cattle shortage.

  • According to the SEC, AgFeed's Chinese management kept two sets of books- a real one and a fake one to present to investors. The case has garnered some attention because the SEC also charged the company's former U.S.-based independent audit committee chairman, a rare move by the agency.

  • Dominion to buy 2 solar projects in Calif. Monday, 15 Sep 2014 | 10:11 AM ET

    RICHMOND, Va.— Dominion Resources is planning to buy two solar projects in California. The projects in Kings, Kern and Marin counties in California would add 42 megawatts of solar power to its portfolio.

  • PARIS, Sept 15- Nissan boss Carlos Ghosn is preparing to cut battery manufacturing, people familiar with the matter said, in a new reversal on electric cars that has reopened deep divisions with alliance partner Renault.

  • Report: Wealth gap could threaten Indiana revenues Monday, 15 Sep 2014 | 12:01 AM ET

    INDIANAPOLIS— Rising income inequality in the U.S. appears to be slowing tax revenue growth in Indiana and other states, according to a new report by the credit rating agency Standard& Poor's.

  • Income inequality complicates Ga. consumption tax Monday, 15 Sep 2014 | 12:01 AM ET

    ATLANTA— A new study suggests the growing share of income paid to the rich could raise the costs of a Republican proposal to replace Georgia's income tax with an expanded sales tax. As part of the study, researchers compared states more dependent on income tax collections, such as Georgia, against states more reliant on sales tax collections.

  • Tennessee voters to decide ban on income tax Monday, 15 Sep 2014 | 12:01 AM ET

    Regardless of the outcome of constitutional amendment, it's unlikely that Tennessee lawmakers would seriously consider a state income tax— which has become a toxic political issue since the last serious attempt to impose one failed in 2002 amid raucous Capitol protests that included a brick being thrown through the window of the governor's office and demonstrators banging on the doors of the Senate chamber while lawmakers sought to conduct their business within.

  • Report: Income inequality affects Missouri taxes Monday, 15 Sep 2014 | 12:01 AM ET

    JEFFERSON CITY, Mo.— A national increase in income inequality appears to be negatively affecting tax revenues in Missouri and other states, according to a new report from a credit rating agency. From the 1950 s through the 1970 s, Missouri averaged more than 9 percent annual growth.

  • Treasury sold $13 billion in 30- year bonds to solid demand. "If it comes in stronger, the market will continue to ignore weak payrolls and focus on all the positive data we've seen," said Richard Gilhooly, an interest rate strategist at TD Securities in New York.

  • Eastman Chemical buying Taminco for about $1.73B Thursday, 11 Sep 2014 | 10:59 AM ET

    ALLENTOWN, Pa.— Eastman Chemical Co. is buying specialty chemical company Taminco for approximately $1.73 billion. Eastman Chemical said in a statement that the acquisition will strengthen Eastman Chemical's presence in markets such as food, feed and agriculture.

  • Man pleads not guilty in tainted steroid case Thursday, 11 Sep 2014 | 3:06 AM ET

    BOSTON— A pharmacist who worked for a Massachusetts company blamed for a nationwide meningitis outbreak that killed 64 people pleaded not guilty to a mail fraud charge Thursday as his lawyer said he is concerned he could be made a scapegoat. Glenn Adam Chin, 46, of Canton, entered his plea during a brief arraignment in federal court in Boston.