Business news

Business news

Products to be sold tax free in Georgia


Sales tax will be exempt on energy- and water-efficient products purchased this weekend across Geor­gia.

The sales tax holiday, which starts Friday and runs through Sunday, is limited to appliances and other products that cost no more than $1,500 and bear an Energy Star or Water Sense label, according to the state’s Department of Revenue office.

Products purchased for a business or trade use, or those being rented or leased, do not apply.

APPLICABLE ENERGY-EFFICIENT PRODUCTS: Air conditioners, ceiling fans, clothes washers, dehumidifiers, dishwashers, doors, fluorescent light bulbs, programmable thermostats, refrigerators and windows

APPLICABLE WATER-EFFICIENT PRODUCTS: Bathroom sink faucets, faucet accessories, toilets, urinals, showerheads and irrigation controllers.

ADP: 166,000 jobs added in September

WASHINGTON — U.S. businesses added just 166,000 jobs in September, only slightly more than the previous two months. The lack of improvement in hiring, along with the threat of a prolonged government shutdown, could help persuade the Federal Reserve to delay scaling back its stimulus.

Payroll company ADP said Wednesday that private employers added just 159,000 jobs in August and 161,000 in July. Both were lower than the previous estimates.

The figures are taking on greater importance because they might be the only measure of the September job market for some time. The Labor Department will have to delay its September jobs report, scheduled for Friday, because of the government shutdown.

Ty billionaire pleads guilty, breaks down

CHICAGO — The billionaire who created Beanie Babies broke down crying in court Wednesday as he pleaded guilty to one count of tax evasion for hiding
$25 million in income in secret Swiss bank accounts.

H. Ty Warner, 69, also apologized as he stood before a federal judge in Chicago, wiping away tears as he struggled to regain his composure.

“I have so much to be thankful for,” said the businessman, his voice breaking as he cited his Illinois-based company, TY Inc.

“There is no excuse for my actions.”

The plea deal says guidelines call for a prison term of around four years – a calculation that makes it likely he’ll serve time behind bars. It also requires he pay a $53 million civil penalty.

In other news

AGRICULTURAL BUSINESS giant Monsanto Co. reported worse-than-expected losses for its fiscal fourth quarter Wednesday, because of lower sales of its genetically engineered seeds. The company forecast for fiscal 2014 also came in below Wall Street expectations.

AMAZON.COM IS HIRING thousands of seasonal workers for its distribution centers in Spartanburg and Lexington counties in South Carolina. The Seattle-based company announced Tuesday the jobs are part of the online retailer’s plans to hire at least 70,000 temporary workers nationwide during the holiday season.



Mon, 12/11/2017 - 22:42

Burke County seeks burglary suspect