Tennessee Gov. Bill Haslam argues that his state is best for business due to sound fiscal strength and investments.» Read More
NEW YORK— FedEx said Monday it approved the repurchase of up to 15 million shares of its stock, which would cost $2.43 billion based on its current share price. Shares of FedEx Corp. are trading at all-time highs and closed at $162.18 on Monday. The Memphis, Tennessee- based company had 283.2 million shares on the market as of Sept. 17.
FRANKFURT/ NEW YORK- Officials from Pimco and its German parent Allianz scramble to contain the fallout from star bond manager Bill Gross' stunning exit last week, and money continues to leave the firm, giving a huge boost to rival bond houses like DoubleLine, which saw record inflows. Canada's Encana to buy Athlon Energy for $5.93 bln.
DETROIT, Sept 29- The United Auto Workers union and two top German labor groups have signed a letter of intent to jointly organize the Volkswagen AG assembly plant in Chattanooga, Tennessee, a top UAW official said on Monday.
DETROIT, Sept 29- The United Auto Workers union and two top German labor groups have signed a letter of intent to jointly organize the Volkswagen AG assembly plant in Chattanooga, Tennessee, a newspaper reported late on Sunday.
Sept 29- Department store operator Macy's Inc said it planned to hire about 86,000 workers for the holiday shopping season, up from about 83,000 last year.
BOSTON— Boston City Council members kicked off a discussion Monday on possibly giving themselves each a $25,000 raise to bring their salaries more in line with their counterparts in New York and other major U.S. cities, even as questions arise over whether the proposal violates Massachusetts law.
DES MOINES, Iowa— The rapidly rising demand for locally grown fruits and vegetables has created a robust new market for refugees who fled violence in their home countries and found peace in farming small plots of land in several U.S. cities.
*Pimco CIO Bill Gross joins Janus Capital. Treasuries prices dipped Friday on news that Pimco Chief Investment Officer Bill Gross is joining rival Janus Capital Group, which spurred concerns Pimco may have to sell Treasuries if investor redemptions at the firm increase.
FRANKFURT/ DETROIT, Sept 26- Daimler's works council boss will travel to the carmaker's factory in Alabama, United States, to explore possibilities for improving worker representation at a plant that is a key target for the United Auto Workers union.
Sept 25- Advisory firms Glass, Lewis& Co and Institutional Shareholder Services each have recommended that Darden Restaurants Inc investors back Starboard Value LP's 12- director slate, which would oust the embattled company's full board.
The usual autumn decline of the price of gasoline is getting an assist from lower global oil prices. Up to 30 states could see an average price below $3 a gallon by the end of the year. Source: AAA, OPIS and Wright Express.
JACKSON, Miss.— Atlanta Federal Reserve President Dennis Lockhart said Thursday that he has increasing confidence in the economy but still wants to see more data to prove that growth is on a sustainable path before raising interest rates, saying he doesn't expect rates to rise until mid-2015 or later.
NEW YORK, Sept 25- Long-dated U.S. The Commerce Department said durable goods orders, for items ranging from toasters to aircraft that are meant to last three years or more, dropped 18.2 percent in August, the largest decline since the series started in 1992..
The head labor official on Daimler AG's supervisory board says he considers it "unacceptable" that the German automaker's Mercedes plant in Alabama stands alone among the company's factories around the world without union representation for its workers.
David Cicilline, D- R.I., and Matt Cartwright, D- Pa., made their plea in a letter to Labor Secretary Thomas Perez. The lawmakers cited a Human Rights Watch report issued in May which said nearly three-quarters of the children it interviewed reported vomiting, nausea and headaches while working on tobacco farms.
WASHINGTON, Sept 23- Backers of the U.S. Export-Import Bank may push again for a long-term extension of its charter as early as November after a nine-month renewal left the bank's future undecided.
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.
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.
More pension funds consider divesting from hedge funds, due to poor performance and high costs. NYT reports.
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.