"There is a reasonable basis for the Board to have a high level of confidence in the professional and ethical conduct of Port Authority personnel, and that the Port Authority is conducting its business in a manner that ensures public confidence."» Read More
NEW YORK-- Luxfer Holdings PLC's U.S. shares jumped in their first hours of trading Wednesday on the New York Stock Exchange. The initial public stock offering of the chemicals and metals maker, which is based in the U.K., priced 8 million shares at $10 each. The company had predicted that shares would price higher, from $12 to $14 each.
MIDDLETOWN, R.I.-- Satellite communications company KVH Industries Inc. said Wednesday that it has appointed Peter Rendall as its new chief financial officer. Rendall worked most recently as consulting chief financial officer at information technology recruiting firm JobSmart Partners.
COLUMBIA, S.C.-- An automotive company that specializes in plastic parts says it will build a plant in South Carolina's Greenville County that employs nearly 120 workers. The state Commerce Department said Wednesday that South Carolina Plastics LLC will spend $12 million to build a plant in Fountain Inn.
BECKER, Minn.-- Xcel Energy Inc. says it will cost as much as $200 million to repair the damage from a catastrophic turbine failure at Minnesota's largest power plant last November. Sherco plant director Ron Brevig says Xcel still hasn't determined exactly why turbine broke up, sending debris and metal flying and sparking a fire.
SYRACUSE, N.Y.-- The Post-Standard of Syracuse says it will lay off 115 full- and part-time employees as it moves ahead with plans to combine print and online operations to form two new companies early next year.
NEW YORK-- Shares of homebuilders climbed on Wednesday as recent data continues to point to signs that the housing market is making a sustained comeback. Sales of new homes remained near a two-year high in August, the government said last week.
HONOLULU-- Hawaiian Airlines plans to use a bigger plane when it launches nonstop service between Honolulu and Auckland, New Zealand in March. Hawaiian has been rapidly expanding its service to the U.S. mainland and the Asia-Pacific region. It started new routes to New York City and Fukuoka, Japan earlier this year.
UNCASVILLE, Conn.-- The parent company of the Mohegan Sun casinos says it will pay between $8 million and $10 million in severance costs as it cuts 282 jobs in Connecticut immediately and another 46 at the end of the month. The Mohegan Tribal Gaming Authority said in a regulatory filing that most of the costs will be recorded in its fourth quarter in cash payments.
CASPER, Wyo.-- A Wyoming Business Council study finds that farmers markets contributed over $1 million to the state's economy in 2011.. The results are based on responses collected by the Business Council from 14 of the 44 farmers markets operating in Wyoming. Kim Porter of the Business Council says farmers markets are a tremendous resource for communities.
PORTLAND, Maine-- Three public worker unions have been allowed to join a lawsuit against the Maine Public Employees Retirement System over the elimination of cost-of-living adjustments.
The Tennessee Department of Economic and Community Development announced Tennessee Galvanizing will put $2.3 million into building a new centrifuge process and adding warehouse space.
DALLAS-- American Airlines and its pilots' union have agreed to resume stalled contract negotiations. Thomas Horton, CEO of American parent AMR Corp., which is operating under bankruptcy protection, said Tuesday he was pleased that "intensive bargaining" was scheduled to begin this week.
Hurdler Lolo Jones trash-talked about head injuries to former Rutgers football player Eric LeGrand after he jokingly challenged her to a race on Twitter. What she didn't know was the defensive tackle was paralyzed in a game. After LeGrand tweeted to Jones "want to race me?"
ROME-- Financial police raided the Italian football federation and Napoli club offices Wednesday to seize documents involving the buying and selling of players and relations with agents. The federation said police confiscated contracts, agent relations and other documents involving Napoli players, without citing names of the players involved.
OBERHOFEN, Switzerland-- The International Ski Federation says organizers have cancelled a Snowboard World Cup scheduled at Stockholm on Nov. 17 "due to economical reasons." Snowboarders start earning points at World Cups this season to qualify for the Sochi Winter Olympics in February 2014.
THE HAGUE, Netherlands-- Prosecutors in the Netherlands are asking judges to confiscate just over 1 million in profits made by a businessman from selling chemicals to Saddam Hussein that the Iraqi dictator turned into poison gas. A Dutch court convicted Frans van Anraat of war crimes in 2005. He is serving a 16 1/ 2- year prison sentence.