BOSTON, Sept 14- Before gas explosions in Massachusetts sent its shares reeling on Friday, utility NiSource Inc was considered a secure play and its top investor was loading up on shares as part of a push into what it called "the safest, most defensive sector in the S&P 500.". The area is served by the Columbia Gas of Massachusetts unit of NiSource, whose shares were...
NEW YORK— The luxury retailer Henri Bendel, which opened its doors in New York's Greenwich Village at the end of the 19th century, is closing. Henry Bendel was a women's hat maker from Lafayette, Louisiana. The company's flagship store on New York's 5th Avenue, steps away from Trump Tower, is a landmark in Manhattan.
XENIA, Ohio— The Agriculture Department says Bob Evans Farms is recalling nearly 47,000 pounds of pork sausage links because it might contain pieces of plastic. The items have establishment number "EST 6785" and were sold in Indiana, Illinois, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia and Wisconsin.
EAST STROUDSBURG, Pa., Sept 14, 2018- School bus driver Michael Payne was renting an apartment on the 30th floor of a New York City high-rise, where the landlord's idea of fixing broken windows was to cover them with boards. Located about 80 miles northwest of New York City in Monroe County, Pennsylvania, their home resides in one of the sickest real estate markets in...
"Pricing pressure continues to negatively impact comparable sales and margins and we expect competition to remain intense in 2018," Moody's Vice President Mickey Chadha wrote in a note on Thursday. Traditional grocery chains are wrestling with Amazon.com Inc's aggressive expansion into groceries through its purchase of specialty retailer Whole Foods...
NEW YORK— Kroger Co. reported a jump in fiscal second-quarter profit on an investment gain, but a key sales measure fell short of expectations. The Cincinnati- based supermarket chain's profit rose 44 percent to $508 million, or 62 cents per share. Both profit and sales figures topped Wall Street expectations, with analysts expecting 38 cents per share in profit...
VERONA, N.Y., Sept 13- Breaking off from a tour of dairy operations on a farm in upstate New York, U.S. A former Georgia governor and veterinarian whose family farmed about 1,000 acres, Perdue has kept a low profile in volatile Washington but served as a kind of ambassador for Trump across broad swaths of rural America. While many farmers remain loyal to the president,...
COLUMBUS, Ohio— An advertising and media firm to which Ohio gubernatorial candidate Richard Cordray's agency gave government work while he was a federal official now is doing political work for him. Records reviewed by The Associated Press show Washington- based GMMB recently has been making Ohio ad buys for Democrat Cordray's gubernatorial campaign...
WASHINGTON— Over the protests of many Democrats, the Senate on Wednesday evening approved President Donald Trump's choice to become the new head of the IRS. With the midterm elections barely two months away, critics say the new policy announced by the IRS in July will let more dark money— including from foreign interests— flood into the U.S. political system.
WASHINGTON, Sept 12- After months of waging a behind-the-scenes war against President Donald Trump's trade tariffs that have escalated far beyond what business groups once imagined, more than 85 U.S. industry groups launched a coalition on Wednesday to take the fight public. "A lot of other interest groups thought they wouldn't go this long or go this deep, but...
Sept 12- Stanley Black& Decker Inc said on Wednesday it would buy a minor stake in lawnmower maker MTD Products Inc for $234 million, expanding deeper into the outdoor garden equipment market and adding to its diverse line of products. "This investment in MTD increases our presence in the $20 billion global lawn and garden market in a financially and...
ZURICH, Sept 12- Swiss Skies, a low-cost airline that aims to launch in the second half of 2019, said on Wednesday it was seeking to raise more than $100 million in start-up funding this week. The company, which will focus on North American destinations from Basel before expanding to other European bases, expects to have $1.5 billion in revenue within five years and...
Sept 12- Power tool maker Stanley Black& Decker Inc said on Wednesday it had agreed to buy a 20 percent stake in lawnmower maker MTD Products Inc for $234 million, upping investment in the market in outdoor garden equipment. "This investment in MTD increases our presence in the $20 billion global lawn and garden market in a financially and operationally prudent...
Today, old industrial cities such as Pittsburgh, Buffalo and Cleveland are among those offering the greatest returns. "Even at their peak in terms of home flipping profits, these two markets never came close to the potential returns available now in Pittsburgh," said Daren Blomquist, senior vice president at real estate tracking firm ATTOM Data Solutions.
COLUMBUS, Ohio— Ohio awarded another round of prizes totaling $2.4 million Wednesday in its global technology challenge seeking scientific breakthroughs to address the U.S. opioid crisis. Ohio Third Frontier Commission Chairman David Goodman, whose high-tech development panel is leading the effort, said since it was launched last fall, the competition has...
WASHINGTON, Sept 12- After months of waging a behind-the-scenes war against President Donald Trump's trade tariffs that have escalated far beyond what business groups once imagined, more than 60 U.S. industry groups are launching a coalition on Wednesday to take the fight public. "A lot of other interest groups thought they wouldn't go this long or go this deep,...
*China seeks WTO backing to impose sanctions on U.S. NEW YORK, Sept 11- U.S. stocks rose in afternoon trading on Tuesday after a subdued start, as Apple led a jump in technology shares. "That's been the main fuel for the market," said Alan Lancz, president of Alan B. Lancz& Associates Inc, an investment advisory firm, based in Toledo, Ohio.
Republicans in the U.S. House of Representatives plan to unveil tax cuts this week, intended to augment President Donald Trump's 2017 tax overhaul that added $1.5 trillion to the federal deficit through permanent tax cuts for U.S. companies. "Investors are definitely happy and they are reading into the potential of a future tax cut in the short term," said Matt...
Republicans in the U.S. House of Representatives plan to unveil another round of tax cuts this week, ahead of the Nov. 6 congressional elections. Dubbed "Tax Reform 2.0", the package is intended to augment Trump's 2017 tax overhaul, which added $1.5 trillion to the federal deficit through permanent tax cuts for U.S. companies. "Investors are definitely happy and they...
That compared with a 2.6 percent increase to around $56,000 for the country as a whole, according to a Reuters analysis of Labor Department data. On Friday, the Labor Department reported separate data showing average hourly earnings nationwide rose by 2.9 percent in August from a year earlier, the fastest rate in nearly a decade. More than a third of the counties...
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