*Japan inflation slows, highlights BOJ's struggles. Market participants expected it would still take a bit of time for business to resume in full swing, with key markets in the region such Australia, Hong Kong and Singapore closed on Friday. There is no change to our view that the yen will continue to weaken as the recovery in U.S. economic fundamentals, which is at...» Read More
WASHINGTON-- U.S. companies restocked their shelves at a solid pace in August while sales rose for a second straight month. Business inventories grew 0.6 percent in August following a July gain of 0.8 percent that had been the strongest since January, the Commerce Department said Monday. Total business stockpiles rose to $1.60 trillion.
Transportation Secretary Ray LaHood is expected to discuss regional transit and a proposed passenger rail system in Detroit during a meeting including area officials. Rick Snyder says the governor plans to meet with LaHood, Detroit Mayor Bing and others on Monday afternoon.
The shows will take place on Nov. 25 and 29 at London's O2 Arena, followed by gigs on Dec. 13 and 15 at the Prudential Center in Newark, New Jersey, just outside of New York. The shows mark the first time in five years that the Stones have performed live, with Mick Jagger, Keith Richards, Charlie Watts and Ronnie Wood all coming together once more.
NEW YORK-- Industrial parts supplier ITT Corp. said Monday it has signed an agreement to buy Bornemann Pumps, a German company that makes pump systems for the oil and gas industry. ITT said the deal is worth about $267 million, but it didn't specify whether that figure includes debt. Shares of ITT rose 31 cents to $20.86 in morning trading.
DEARBORN, Mich.-- AAA Michigan says gasoline prices have fallen roughly 14 cents during the past week to a statewide average of about $3.77 per gallon. Of the Michigan cities it surveys, AAA Michigan said the cheapest price for self-serve unleaded fuel is in the Benton Harbor and Flint areas, where it's about $3.71 a gallon.
PORTLAND, Maine-- Gas prices in Maine have fallen by a nickel a gallon in the past week. Price-monitoring website MaineGasPrices.com reports Monday that gas dropped to an average of $3.88 per gallon in Maine in the past week. Prices are now about 14 cents a gallon lower than a month ago, but 35 cents higher than a year ago.
CHICAGO-- Chicago Mayor Rahm Emanuel has ordered an independent audit of the city's 75- year, $1.15 billion parking meter deal. The audit will look at the agreement with Chicago Parking Meters LLC to make sure the company's revenue collections match the number of parking meters used around the city.
NEW YORK-- Amazon has alerted its Kindle customers that they are entitled to a credit on prior electronic book purchases as part of settlements between some major e-book publishers and the government.
NEWARK, N.J.-- The Rolling Stones are coming to "The Rock." Mick Jagger and the band will perform two concerts at Newark's Prudential Center on Dec. 13 and 15.. Presale tickets will be available at noon on Oct. 20.
FARGO, N.D.-- The North Dakota Soybean Council is hosting a group from the Philippines for a day. The guests on Monday are touring a greenhouse, feed mill and commodity trade room at North Dakota State University, as well as the Northern Crops Institute. The council says the goal is to promote soybeans grown in North Dakota.
BERLIN-- Berlin police say they're investigating an apparent arson attack on a car belonging to Greece's military attache in the German capital. Police said the car was spotted ablaze early Monday in downtown Berlin.
A big unknown is whether the governor will include expanding Medicaid eligibility as called for under the federal health care reform law in his own budget. Sandoval last week said he is reserving his decision on Medicaid until after the elections and state revenue projections are made later this year.
NEW YORK-- Shareholders of Chinese biodiesel and copper products company Gushan Environmental Energy Ltd. have agreed to take the company private by selling its outstanding shares to Trillion Energy Holdings Ltd., Gushan said in a statement Monday. Trillion, a British Virgin Islands company, is owned by Jianqiu Yu, Gushan's chairman and principal executive.
COLUMBUS, Ohio-- Ohio motorists are seeing lower gas prices compared with last week. The average price for a gallon of regular gas in the state was $3.62 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. The national average Monday was $3.79, down 3 cents from a week ago.
NEW YORK-- The Metropolitan Transportation Authority is set to outline its latest fare hike proposals on its rails, bridges and subways. The proposals include increasing the base subway and bus fare and weekly and monthly MetroCards. They also call for eliminating the 7 percent MetroCard bonus.
TOPEKA, Kan.-- Several Kansas food companies have been working to boost their export opportunities. The Kansas Department of Agriculture says in a release Friday that five Kansas food companies participated in a forum this month in Chicago where to develop business with representatives from 30 countries.
MONTPELIER, Vt.-- Public meetings are planned this week in Vermont on a sticky issue _ a proposed change to the state's grading system for maple syrup. The change would unify the classification system across the United States and Canada. Vermont's syrup would go from Grade A Fancy to "Golden Delicate."
BERLIN-- There were cheers around Germany when Chancellor Angela Merkel announced last year, in the wake of the Fukushima disaster in Japan, a swift end to nuclear power in favor of renewable energy sources like wind and solar.
BROWNSVILLE, Texas-- When the federal government began seizing private land along the U.S.- Mexico border to build a towering fence, Teofilo Flores was offered $1,650 for a slice of his backyard. And another nearby farmer pocketed $1 million in exchange for his cooperation.
NEWARK, N.J.-- New Jersey Transit officials may soon decide whether they will stop providing free rides for some employees and retirees. NJ Transit says the move could bring in an additional $1.6 million annually. Similar measures have been approved by the New Jersey Turnpike Authority, Delaware River Port Authority and Port Authority of New York and New Jersey.