In 36 states electing governors, it's all about the economy. Governors seeking re-election promised to turn things around. Have they?» Read More
The acquisition of Viasystems Group, Inc., of St. Louis, Missouri, is expected to be completed during the first half of 2015 would give TTM 30,000 employees in 10 assembly factories in the U.S., Canada and China. TTM says the acquisition of Viasystems will diversify its business partners and provide entry into the automotive industry.
NEW YORK— The Procter& Gamble Co. is selling its Iams and Eukanuba brands in Europe to Spectrum Brands, shedding the remaining parts of its pet care business. Spectrum Brands Holdings Inc. is a consumer products company whose pet group brands include Tetra, Furminator and Dingo.
With a worldwide gross of over $6.2 billion, "The Lion King" stage musical has now achieved the most successful box office total of any work in any media in entertainment history, The Associated Press has learned.
WASHINGTON, Sept 22- President Barack Obama, stumping for the Democrats ahead of November's congressional elections, has twice invoked Ronald Reagan's seminal campaign question: "are you better off than you were four years ago?"
TSG Consumer Partners will take a minority stake in Pabst. In addition to its namesake beer, Pabst Brewing Co. makes Colt 45, Old Milwaukee and Schlitz, in addition to regional brews such as Lone Star, Rainier and Old Style. Pabst was acquired in 2010 by C. Dean Metropoulos& Co., which is known for investing in food brands, including Twinkie maker Hostess.
MADISON, Wis.— Wisconsin's semi-private job creation agency lacked supporting documentation justifying spending on expenses and grants during the first two years of its existence, according to a report released Friday.
Sept 18- Bank of Montreal was sued on Thursday by a trustee liquidating two Florida funds that claimed to have lost money in a Ponzi scheme operated by Minnesota businessman Thomas Petters.
WASHINGTON, Sept 18- U.S. House of Representatives Speaker John Boehner on Thursday expressed his dissatisfaction with a chronically high jobless rate and complained of a "very sick idea" that the unemployed would "rather just sit around."
Sept 17- Department store operator Kohl's Corp said it is hiring more than 67,000 workers for the holiday selling season, about 34 percent more than what it recruited last season. The Menomonee Falls, Wisconsin- based retailer had hired about 50,000 seasonal employees for the 2013 holiday season.
NEW YORK— Kohl's Corp. plans to hire more than 67,000 seasonal workers nationwide for the holiday shopping season, which the company said is a 15 percent increase over last year. FedEx Corp. also said Wednesday it plans to increase holiday hiring. That's more than double last year, when FedEx announced it would hire 20,000 seasonal workers.
WASHINGTON— Lawmakers and strategists from both parties are gathering to outline a plan to save Social Security, add 25 million jobs and balance the federal budget. A No Labels-backed Problem Solvers caucus formed on Capitol Hill and attracted close to 100 lawmakers. Peter Welch, a Vermont Democrat and a No Labels supporter.
WASHINGTON— Cuts to the nation's food stamp program enacted this year are only affecting four states, far from the sweeping overhaul that Republicans had pushed, an Associated Press review has found. As a result, it's unclear whether the law will realize the estimated $8.6 billion in savings over 10 years that the GOP had advertised.
*FOB soybean offers for October/November shipments fell 7 cents to 173/ 163 cents over CBOT November futures, tracking weaker nearby CIF values- which fell about 25- 30 cents a bushel this week- ahead of the expected record harvest.
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.
WASHINGTON, Sept 16- U.S. lawmakers are considering proposals to deal with a rising number of U.S. companies reincorporating overseas to slash their tax bills.
WASHINGTON— The government's auto safety agency should have discovered General Motors' faulty ignition switches seven years before the company recalled 2.6 million cars to fix the deadly problem, a House committee majority charged Tuesday in a new report.
NEW YORK— Johnson Controls said Monday that it is reorganizing its building efficiency business to drive growth. Johnson Controls said it will separate the unit's North America business from its global products business. Shares of Johnson Controls Inc. slipped 55 cents to $46.03 in afternoon trading Monday.
WASHINGTON— A Wisconsin congresswoman arrested during a protest of wages paid to workers at McDonald's and other fast-food chains will not face an investigation by the House Ethics Committee.
DES MOINES, Iowa— The nation's corn and soybean farmers will bring in by far the largest harvest ever this year, the U.S. Department of Agriculture said Thursday in a new report. Record yields will be set in 18 states, the USDA said, and 10 states including Illinois, Iowa, and Nebraska, the top three producers, have the highest number of ears per corn stalk ever.
WASHINGTON, Sept 11- U.S. corn and soybean production in 2014, already pegged at record highs, will be higher than expected a month ago and somewhat above trade expectations, the U.S. government said on Thursday, triggering a swift drop in Chicago grain markets.