Dec 11- Canadian department store operator Hudson's Bay Co reported a lower-than-expected adjusted quarterly profit due to higher expenses, but same-store sales at its Lord& Taylor chain in the United States returned to growth. Excluding acquisition-related and restructuring costs, Hudson's Bay earned C $8.9 million, or 7 Canadian cents per share.» Read More
COLUMBUS, Ohio-- Ohio motorists will see gas prices holding steady as they begin a new work week. A month ago, the average gas price in Ohio was $3.89. This time last year, the Ohio average was $3.22.
BISMARCK, N.D.-- A lawmaker says he's expecting the North Dakota Legislature to take up the issue of whether workers who are locked out of their jobs should get unemployment benefits. The North Dakota Supreme Court is considering whether state law provides jobless benefits for about 400 locked-out workers at American Crystal Sugar Co..
The Lobster Academy runs from Monday through Thursday in St. Andrews, New Brunswick. The dean of the school is Bob Bayer, the head of the University of Maine's Lobster Institute. The academy evolved from the Lobster Institute's Lobster College, which was held in Boothbay Harbor and Winter Harbor for several years.
WICHITA, Kan.-- Seven men accused of cheating investors out of $132 million with false promises about companies that leased oil rigs are due in federal court in Wichita, Kan.. Six of the defendants are from Kansas; the other is from Oklahoma. Magistrate Judge Karen Humphreys in Wichita.
SUGAR LAND, Texas-- CVR Energy's refining subsidiary plans to raise up to $300 million in an initial public offering. CVR Refining LP plans to list its common units on the New York Stock Exchange under the ticker symbol "CVRR." Shares of CVR Energy Inc., based in Sugar Land, Texas, gained $3.70, or 10.1 percent, to $40.45 in morning trading.
MONTPELIER, Vt.-- The Randolph- based Vermont Technical College is getting a $3.4 million federal grant for training programs for state industries that support agriculture, food production, waste disposal and energy production.
TVA said contractors will begin work this week to replace 108 sirens and add four more in its nuclear plant emergency zone in Bradley and Hamilton counties. TVA has done similar siren work at Browns Ferry Nuclear Plant near Athens, Ala., and plans an upgrade at Watts Bar Nuclear Plant in Spring City. TVA says it's investing $7 million in the project.
WASHINGTON-- U.S. builders spent more to construct homes in August, further evidence of a housing rebound. Overall construction spending dipped 0.7 percent in August from July, the Commerce Department reported Monday. The decline lowered construction spending to a seasonally adjusted annual rate of $834.4 billion.
CHATHAM, Va.-- Leaders of the Virginia county that is home to one of the world's largest uranium deposits are set to debate the state's 30- year ban on the mining of the radioactive ore. The Pittsylvania County Board of Supervisors is scheduled to vote Monday on a resolution introduced by Supervisor Marshall Ecker.
KALAMAZOO, Mich.-- Medical device maker Stryker Corp. on Monday named Kevin Lobo, the president of its orthopedics business, as its new president and CEO, effective immediately.
DETROIT-- Honda is recalling 573,000 Accord midsize cars in the U.S. to fix a defective power steering hose that can leak fluid and catch fire. Honda says one fire was reported but no injuries. The National Highway Traffic Safety Administration says the hoses can deteriorate prematurely, causing cracks and leaks.
WASHINGTON-- The Supreme Court won't hear a Florida man's attempt to challenge the use of full-body scanners at airports.
LONDON-- Global markets rose Monday as investors cautiously welcomed the result of stress tests of Spain's banks and upbeat U.S. economic data and looked past the threat that Moody's might downgrade the country's debt rating to junk status.
COLUMBUS, Ga.-- Carmike Cinemas Inc. said Monday that it has bought 16 theaters for $19 million in cash, part of Carmike's push to expand through acquisitions. The theater chain bought the theaters, which have 251 screens, from Rave Reviews Cinemas LLC, which is owned by investment firm BV Investment Partners.
The Institute for Supply Management, a trade group of purchasing managers, said Monday its index of factory activity was buoyed by a jump in new orders. A separate report from the Commerce Department says U.S. builders trimmed their activity for a second straight month in August. Benchmark crude rose 43 cents to $92.62 around 10:30 a.m. in New York.
NEW YORK-- Red Lobster isn't just for the seafood lover in you. Red Lobster also is increasing the number of dishes that cost less than $15 to attract customers who have cut back on spending. The chain, which is owned by Darden Restaurants Inc., says a quarter of the items on its menu will be non-seafood dishes, up from 8 percent.
WASHINGTON-- The Supreme Court on Monday declined to hear an appeal from a national anti-gay marriage group that tried to thwart Maine's campaign disclosure law requiring it to release its donor list.
RICHMOND, Va.-- Tredegar, which makes plastic films and aluminum extrusions, said Monday it bought aluminum extrusion maker AACOA Inc. for about $50.8 million. Tredegar said that the acquisition will add fabrication capabilities to the products and services of its subsidiary, The William L. Bonnell Co..
LAGOS, Nigeria-- The traffic begins long before dawn in Nigeria's largest city. The poor crowd onto benches welded inside dented, clattering buses. In Lagos, which is predicted to overtake Cairo as Africa's most populous city in 2015, the traffic jams that Nigerians call "go-slows" can strike at any moment.