Obama targets corporate tax loophole

LOS ANGELES - Staking out a populist stand ahead of the midterm elections, President Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers.

Partridge Inn one step closer to new owners

A $4.25 million online bid was approved by the sellers of The Partridge Inn.
By Jenna Martin

Across US job market, layoffs are becoming rare

As the U.S. economy has improved and employers have regained confidence, companies have been steadily shedding fewer workers.

Visitor spending in August expected at $1.8 million

The Augusta Convention & Visitors Bureau and Augusta Sports Council expect the city will draw nearly $1.8 million in visitor spending next month.

American Airlines boosts profit on higher revenue

Flush with more revenue, American Airlines posts profit, declares first dividend since 1980.

Augusta unemployment rate rises

Metro Augusta's unemployment rate increased to 7.4 percent in June, the Georgia Department of Labor announced Thursday.
By Tim Rausch

Eli Lilly reports lower profits on expiring drug patents

Eli Lilly and Co., which operates the Elanco plant in east Augusta, reported lower quarterly revenues because of multiple drug patent expirations.

Cabela's posts lower earnings, higher revenue in Q2

Outdoor retailer Cabela's on Thursday said it made $43.5 million in profit for the second quarter.

Ford 2Q net income rises 6 percent to $1.3 billion

Ford's second quarter net income up 6 percent to $1.3 billion as Europe makes money again.
By Dee-Ann Durbin

GM profit 2Q falls 85 percent on recall costs

Recall costs chopped $1.5 billion from General Motors' bottom line in the second quarter, cutting its net income by 85 percent.

Caterpillar 2Q profit rises, revenue declines

Caterpillar 2nd-quarter profit rises, revenue falls; lifts full-year earnings forecast.

Biz Bits

Faye Davis was named top relocation agent for May by Century 21 Larry Miller Realty
Databases

Restaurant inspections

Search databases of the latest restaurant inspection reports for Richmond, Columbia and Aiken counties.

Construction roundup

Construction Maintenance Co.; B&S Machine Tool Co., 158 Old Wagener Road, Aiken; commercial building, $125,000

On The Move

Amy Cook is a new residential sales agent at Meybohm Realtors.

Biz Bits

Ray Chadwick was appointed to the Georgia Commission of Dispute Resolution by the Supreme Court of Georgia. He is with Chadwick Mediation Services LLC.

Top headlines

Mother of newborn left in car to face possible indictment

Richmond County Civil and Magistrate Court Presiding Judge H. Scott Allen ruled at the conclusion of a preliminary hearing for 20-year-old Alicia Manigault that her case would be bound over to a ...
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