Business News

Success Symposium will be held Tuesday


On Tuesday, Augusta Staffing, Aiken Staffing and Job Shop Inc. will present the Success Symposium, which will include recruiter consultations, motivational seminars and résumé coaching.

The symposium will be from 11 a.m. to 4 p.m. at DoubleTree Hotel, 2651 Perimeter Parkway in Augusta. The employment agencies have career opportunities and represent companies such as Bridgestone, Comcast, Fiamm, Sonoco, RBW Logistics, Hubbell Power Systems, South Carolina Metal Products, Augusta Sportswear and Paine College.

From noon to 2 p.m., participants can attend motivational seminars, which will offer information about interviewing and applying and tips for success after landing the job.

Planes lead rise in new factory orders

WASHINGTON --- Businesses ordered more manufactured goods from U.S. factories in January, but excluding a big surge in demand for airplanes, the rise in demand was the smallest in three months.

Excluding the volatile transportation category, orders rose 0.7 percent in January, the weakest showing since October, the Commerce Department reported Friday. A key category that serves as a proxy for business investment plans fell by the largest amount in two years.

Helped by the surge in demand for commercial aircraft, total business orders rose 3.1 percent in January, the biggest gain in more than four years. That pushed total orders up to $445.6 billion, a level that economists view as healthy and 26.3 percent above the recession low hit in March 2009.

S&P cuts credit rating for troubled Toyota

TOKYO --- Standard & Poor's cut Toyota's credit rating on Friday to AA- because profitability at Japan's top automaker is not recovering as quickly as at its rivals.

Toyota Motor Corp. has been plagued by defects in a range of models and has recalled more than 14 million vehicles globally since late 2009.

In announcing its decision, S&P said it reflected the view that Toyota's profitability in the next one to two years is unlikely to recover to the level appropriate for its earlier AA rating.

S&P also cited the tough business environment, including higher prices for raw materials and gasoline.

The decision lowers Toyota's long-term corporate credit rating one notch to the fourth-highest rank of AA-.