Owing money in retirement isn't ideal— but most people do. Seventy percent of U.S. households headed by people ages 65 to 74 had at least some debt in 2016, according to the Federal Reserve's latest Survey of Consumer Finances. "It is much easier to keep working for another year or two than to try and come back into the workforce when they are older and the employer...
MADISON, Wis.— Companies that Republican U.S. Senate candidate Kevin Nicholson worked for as a consultant laid off nearly 1,900 people since 2015, shutting down plants in Wisconsin and across the country as they moved to save money and shift production overseas. The examples were provided to The Associated Press by American Bridge, a liberal advocacy group, as...
July 20- AT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5 G, by the end of the year. AT&T Chief Technology Officer Andre Fuetsch said in an interview the mobile 5 G network is expected to launch toward the end of the year, but declined to specify a date.
COLUMBUS, Ohio— Mark Wahlberg wants you to see the U.S.A. in a Chevrolet. The 47- year-old actor, producer, businessman and former rapper on Thursday announced he's launching his first car dealership, Mark Wahlberg Chevrolet in Columbus, Ohio. Wahlberg is partnering with businessman Jay Feldman, who owns eight Chevy dealerships throughout southeast and mid-...
LAS VEGAS— Nevada twice has come close to carrying out its first execution in 12 years. The delays are raising questions about whether Nevada can overcome legal hurdles to execute its first inmate since 2006 and whether the political will exists to find a way to carry out capital punishment at all. States, including Nevada, have increasingly run up against...
ATLANTA _ Fidelity Southern Corp. on Thursday reported second-quarter profit of $9.4 million. The holding company for Fidelity Bank posted revenue of $81.7 million in the period. Fidelity Southern shares have climbed 19 percent since the beginning of the year.
ATLANTA _ Genuine Parts Co. on Thursday reported second-quarter profit of $227 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share. Genuine Parts expects full-year earnings in the range of $5.60 to $5.75 per share.
BALL GROUND, Ga. _ Chart Industries Inc. on Thursday reported second-quarter profit of $12.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share. Chart Industries expects full-year earnings in the range of $1.85 to $2.05 per share, with revenue in the range of $1.2 billion to $1.25 billion.
survey@ July 18- Tariffs featured heavily in the Federal Reserve's latest "Beige Book," a summary of the state of U.S. business across the central bank's 12 regional districts, with respondents describing the trade spat as creating effects such as "panic buying" and a "rush to purchase metals." One can manufacturer in Maryland said he anticipated losing business...
The company's YKK North America division manufactures zippers in Georgia— and now has some of the contracts Dunlap lost. Division president Jim Reed said in a statement that his company filed the complaint against Dunlap because the price of products offered by "certain competitors" was too low for them to have been completely manufactured in the U.S.
Orrin Hatch, the Republican chairman of the Senate Finance Committee, said that if the administration continues "with its misguided and reckless reliance on tariffs," he'll push for legislation. Hatch has been a critic of the administration's imposition of tariffs but has so far focused on working behind the scenes to influence the White House.
DETROIT— In March of 2016, Keith Reynolds flew from California to Atlanta so he could claim his spot in line at 4 a.m., and get a three-hour head start on his West Coast competitors. Tesla was taking $1,000 deposits for its new electric car, the Model 3, priced starting at $35,000. Then it drops to $3,750 for six months and $1,875 for another six months before ending...
FITZGERALD, Ga. _ Colony Bankcorp Inc. on Tuesday reported second-quarter profit of $3.1 million. The Fitzgerald, Georgia- based bank said it had earnings of 36 cents per share. Colony Bankcorp shares have risen 21 percent since the beginning of the year.
SEATTLE— Dollar for dollar, the beleaguered movement to bring charter schools to Washington state has had no bigger champion than billionaire Bill Gates. The review looked at 52 groups noted by a U.S. Department of Education website as official charter school resources in the 44 states plus Washington, D.C., that currently have a charter law, as well as the...
President Donald Trump's threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of "pre-emptive buying in anticipation of the tariffs", said Ben Hackett, founder of international maritime consultancy Hackett Associates. The volume of loaded shipping containers from China to all U.S. ports was up 6.3 percent...
ST. LOUIS— In a story on July 12 about a jury ruling on claims that asbestos in Johnson& Johnson talcum powder contributed to ovarian cancer, The Associated Press erroneously reported that the case was the first against the company that focused on asbestos in the powder. A St. Louis jury on Thursday awarded nearly $4.7 billion in total damages to 22 women and their...
President Donald Trump's threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of "pre-emptive buying in anticipation of the tariffs", said Ben Hackett, founder of international maritime consultancy Hackett Associates. The volume of loaded shipping containers from China to all U.S. ports was up 6.3 percent...
President Donald Trump's threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of "pre-emptive buying in anticipation of the tariffs", said Ben Hackett, founder of international maritime consultancy Hackett Associates. The volume of loaded shipping containers from China to all U.S. ports was up 6.3 percent...
NEW YORK, July 13- As the United States ramps up import tariffs and long-date U.S Treasury debt yields remain low, stocks in so-called defensive sectors may have room to run higher in price, even though expectations for the currently quarterly earnings seasons are high. Stocks in defensive sectors, which generally pay steady dividends and have steady earnings,...
ATLANTA— The Centers for Disease Control and Prevention says a popular Kellogg's cereal has been linked to a salmonella outbreak that has infected 100 people in 33 states. The CDC announced Thursday that customers should avoid Honey Smacks, tweeting, "Do not eat this cereal." The agency says it found salmonella in samples of Honey Smacks, which has been subject to a...
