PRAGUE, Sept 5- CEFC China Energy Company has acquired a 10 percent stake in airline operator Travel Service and plans to raise its stake even further, it said on Saturday. Travel Service is the second-largest shareholder in Czech Airlines, after Korean Air. CEFC said it planned to acquire a further 39.92 stake in Travel Service as part of the deal.» Read More
NEW YORK-- Small business owners may be pessimistic about the economy and their own companies right now, but they're getting optimistic about the future. A survey released Tuesday by the National Federation of Independent Business shows that owners became more pessimistic during September as employment and sales remained weak.
CASE RESOLVED: Alcoa agreed to pay $85 million to Aluminum Bahrain BSC, or Alba, to settle a bribery lawsuit without admitting liability. THE DETAILS: Bahrain- controlled Alba sued Alcoa and associated companies in 2008, alleging they paid millions of dollars in bribes to Bahrain officials and others.
MILWAUKEE-- A.O. Smith appointed its chief operating officer as CEO Tuesday. President and COO Ajita Rajendra, the new CEO, joined A.O. Smith in 2005 as president of its Water Products Co., which makes residential and commercial water heaters and boilers. Shares of A.O. Smith Corp. fell 40 cents to $57.45 in afternoon trading.
The State Board of Education voted Tuesday to seek a $643 million, or 4.4 percent, spending increase next year for Florida's public schools and colleges. The total $15.6 billion spending request for the budget year beginning July 1, 2013, includes $9.88 billion in basic funding for kindergarten through 12th grade.
CHILLY RECEPTION: German Chancellor Angela Merkel's first visit to Greece since its debt crisis erupted three years ago sparked mostly peaceful protests attended by some 50,000 demonstrators Tuesday in Athens.
ALBANY, N.Y.-- Although profits continue to grow on a still rocky Wall Street, jobs are declining along with tax revenue that's vital to the state and New York City, according to a key annual earnings and employment report released Tuesday by New York state Comptroller Thomas DiNapoli.
ALBUQUERQUE, N.M.-- Stories like Jim Stanek's are common and quickly multiplying: An Iraqi war veteran with posttraumatic stress disorder and traumatic brain injury, he says his life was saved by a dog that gave him the confidence to do seemingly simple things, like go out to dinner and look his wife in the eye rather than watch his own back.
1. "NCIS," CBS, 18.87 million. 3. "60 Minutes," CBS, 15.96 million. 4. "The Big Bang Theory," CBS, 15.18 million.
NEW YORK-- It may not qualify as a revolution, but after years of relentless bad news in the ratings, NBC has opened the new television season with some positive signs. Sunday night football leads the way, as is often the case for NBC. " While third in the ratings race last week, NBC won among viewers ages 18- to-49, the demographic where it concentrates its business.
WASHINGTON-- Top Republican lawmakers have called on Veterans Affairs Secretary Eric Shinseki to fire his chief of staff for approving two training conferences that led to $762,000 in questionable spending.
MIAMI-- Two-time NBA champion Dwyane Wade is signing with Chinese sportswear provider Li-Ning, which is giving the Miami Heat guard his own brand within the company along with plenty of creative and strategic input.
FRESNO, Calif.-- Farmers in California's agricultural heartland say record-high gas and diesel prices are putting pressure on their bottom lines, but economists say it's unlikely that will translate into significantly higher food prices across the U.S.
The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea. On the New York Mercantile Exchange:. Benchmark crude rose $3.06 to finish at $92.39 per barrel.
NEW YORK-- The price of gold fell more than $10 an ounce Tuesday after the International Monetary Fund cut its forecast for world economic growth. Gold for December delivery fell $10.70 an ounce to close at $1,765. December silver fell 3.2 cents per ounce to $33.985, and January platinum lost $3.50 to close at $1,695.30 per ounce.
TRENTON, N.J.-- New Jersey state labor officials have taken another step to combat the theft of unemployment benefits. Officials say anti-fraud efforts over the last 18 months have saved New Jersey $153 million.
NEW YORK-- Alcoa has agreed to pay $85 million to settle allegations that the aluminum manufacturer and related companies paid millions in bribes that resulted in a Bahrain- controlled company overpaying for raw materials. Alcoa agreed to pay $85 million in cash to Aluminum Bahrain BSC, or Alba, without admitting liability.
AKRON, Ohio-- Jury selection began Tuesday in the murder trial of a teenager who was befriended by a self-styled chaplain accused in a deadly scheme to lure victims with phony Craigslist job offers. He and his co-defendant, Richard Beasley, 53, of Akron, have pleaded not guilty.
CHARLESTON, W.Va.-- Century Aluminum Co. is rejecting a proposal meant to aid the restart of its West Virginia smelter. The California- based metals producer announced Tuesday that the electricity rate offer from the state Public Service Commission falls short.