While manufacturing alone no longer dominates the state's economy, its fortunes still rise and fall with the health of the state's industries.» Read More
JetBlue Airways Corp. CEO Dave Barger will step down in February and be replaced by the company's president, ending months of speculation about leadership at the airline, which is profitable but has lagged its rivals.
Fewer than 1 percent of large partnerships were audited by the IRS in 2012, compared with 27 percent of large corporations, the GAO said, defining both as having $100 million or more in assets, and in the case of partnerships, 100 or more partners.
NEW YORK— Kristin Gazlay, an editor who has held major leadership positions at The Associated Press over a career extending more than three decades, has been appointed the news service's director of top stories, Senior Managing Editor Michael Oreskes announced Thursday.
PITTSBURGH— Energy company Range Resources said Thursday it has agreed to pay a $4.15 million fine for environmental violations at a western Pennsylvania site that handled natural gas drilling waste.
LONG BEACH, Calif.— A JetBlue airliner that experienced engine problems soon after takeoff returned to the Long Beach Airport on Thursday after smoke filled the cabin and passengers evacuated onto the runway using the plane's emergency slides.
AUSTIN, Texas— Texas Agriculture Commissioner Todd Staples said Thursday he will quit his statewide-elected office early to become president of the Texas Oil and Gas Association, one of the state's most powerful trade groups. "I will continue to fight for Texas to be the leader in our national and world economy," Staples said in a statement.
CARY, N.C.— Indian information technology services company HCL Technologies said Thursday its American subsidiary will add about 1,200 jobs in North Carolina over the next five years by continuing to prepare not-fully-ready workers to fill the IT jobs.
NEW YORK— Shares of Pier 1 Imports slumped 11 percent before the opening bell after the home decor retailer cut its outlook for the year and fell short of most second-quarter expectations. Pier 1 Imports Inc. cut its full-year earnings outlook to a range of 95 cents to $1.05 per share.
WASHINGTON— The nation's economic recovery has been slow to reach the Philadelphia metropolitan area and income inequality has widened, hurt in part by an exodus of residents and a continued collapse in mid-wage jobs. Philadelphia posted the largest income drop among large metro areas outside the Sun Belt, a sign of its persistently weak job market.
WASHINGTON— Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday. "Borrowers should see the writing on the wall," said Greg McBride, chief financial analyst at Bankrate.com.
Sept 18- The mothballed Hovensa refinery, once the largest in the Western hemisphere, could be the latest "zombie refinery" to come back to life, revived by the U.S. shale boom.
VANCOUVER, Sept 17- The Supreme Court of British Columbia has rejected a local municipality's bid for a temporary injunction to stop survey work for an oil pipeline expansion project proposed by Kinder Morgan Energy Partners.
DALLAS- Federal Reserve Bank of Dallas President Richard Fisher moderates panel, "Perspectives on the Fed's Role in International Crises" before a conference hosted by the Federal Reserve Bank of Dallas- 2100 GMT.
FORT WORTH, Texas— Pier 1 Imports Inc. on Wednesday reported net income of $9.2 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share. Analysts expected $427.3 million, according to Zacks.
*Sulzer worth $4.6 bln, Dresser-Rand worth $5.6 bln. Sept 17- Swiss pump maker Sulzer said on Wednesday it is in talks on a potential combination with U.S. compressor and turbine maker Dresser-Rand, a deal that would create a machinery company with a combined market valuation exceeding $10 billion.
WASHINGTON— The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar. "In the Fed's mind, the economy still has work to do, but it's improving," said Mike Arone, an investment strategist with State Street Global Advisors.
NEW YORK— What do small business owners need to pay attention to this fall?
2015 Cadillac Escalade 4 WD Premium. BASE PRICE: $71,695 for 2 WD Standard; $74,295 for 4 WD Standard; $75,695 for 2 WD Luxury; $78,295 for 4 WD Luxury; $80,195 for 2 WD Premium; $82,795 for 4 WD Premium.
WASHINGTON— China's military hacked into computer networks of civilian transportation companies hired by the Pentagon at least nine times, breaking into computers aboard a commercial ship, targeting logistics companies and uploading malicious software onto an airline's computers, Senate investigators said Wednesday.
Sept 17- Twenty-two partners have jumped ship en masse from Bingham McCutchen's marquee restructuring practice, raising questions about the fate of the law firm's closely watched merger talks with the larger Morgan Lewis& Bockius.