Twitter cuts staff, kills off Vine app amid pressure to grow

NEW YORK — Twitter, seemingly unable to find a buyer and losing money, is cutting about 9 percent of its employees worldwide.

Forrester named president of Georgia Bank & Trust Co.

Jay Forrester, previously the bank's executive vice president and chief loan officer, joined the company in 1995.
By Damon Cline

Belgian deal clears way for EU-Canada free trade pact

BRUSSELS — The European Union and Canada are on the cusp of sealing a landmark free trade deal after the Belgian government on Thursday overcame an impasse with its regional authorities, which had been seeking more protections from multinationals.

Amazon courts food shoppers

Amazon wants you to order your turkey, stuffing and cranberry sauce online this Thanksgiving — its latest effort to make its Prime subscription service a central part of food shopping, much the way it's done for other consumer goods.

Hyatt House hotel planned for Broad Street

An Augusta-based investment group on Wednesday announced Wednesday it will build a Hyatt House hotel on the 1200 block of Broad Street.
By Damon Cline

Demand is strong despite shortage of properties

WASHINGTON — More Americans bought new homes in September, a sign that demand remains solid despite a shortage of properties on the market.

Boeing records banner quarter, raises forecast

DALLAS — Boeing's third-quarter profit rose 34 percent on lower taxes, and the company raised its forecast for 2016 earnings, revenue and airplane deliveries.

Customers are starting to see the NBC effect on Comcast

NEW YORK — While many are skeptical of the business logic behind AT&T's desire to buy Time Warner, a similar deal from earlier this decade, Comcast's marriage with NBCUniversal, foreshadows some of the possibilities.

Looming deadline: Small businesses prep for overtime rules

Small business owners are rushing to get their companies — in particular their employees — ready for an upcoming change in overtime rules.
By Joyce M. Rosenberg

Articles from the Business section archive

Friday, Oct. 21, 2016

NY enacts restrictions on Airbnb, with fines of up to $7,500

ALBANY, N.Y. — New York state enacted one of the nation's toughest restrictions on Airbnb on Friday with a new law authorizing fines of up to $7,500 for many short-term rentals.

Let’s toast: Jim Beam strike ends with promise to expand

LOUISVILLE, Ky. — Jim Beam ended a nearly weeklong strike at two bourbon distilleries in Kentucky on Friday, toasting a labor settlement that answers the workers' key demand with a commitment to ...

$47 billion offer to create world’s biggest tobacco company

LONDON — British American Tobacco has offered to buy out Reynolds American Inc. for $47 billion in an attempt to gain a strong presence in the U.S., a lucrative market where sales of electronic ...

Employers spice up benefits, offer help with pets, debt

Would you like some pet insurance to go with the health coverage your employer provides? Or maybe you need help paying student loans or saving for your kid's college.

At 4.9 percent, South Carolina unemployment keeps falling

South Carolina's jobless rate has fallen below 5 percent for the first time in more than 15 years.

Survey: More Americans now have access to bank accounts

More Americans have access to a checking or savings account, according to a survey released Thursday by federal regulators, a sign that the improving economy is helping lift the nation's poorest ...

Thursday, Oct. 20, 2016

Online eye exam company sues South Carolina over ban

COLUMBIA — A company that provides prescriptions for glasses and contacts using online exams filed a lawsuit Thursday challenging a South Carolina law banning the practice.

Survey: More Americans now have access to bank accounts

NEW YORK — More Americans have access to a checking or savings account, according to a survey released Thursday by federalregulators, a sign that the improving economy is helping lift the nation's ...

11th US death blamed on defective Takata air bags

DETROIT — A 50-year-old woman who died after a car wreck last month in California is the 11th U.S. victim of Takata Corp.'s defective air bag inflators.

Wednesday, Oct. 19, 2016

Modest gain seen for Obama’s final health care sign-up season

WASHINGTON — Facing new challenges to a legacy law, the Obama administration on Wednesday set modest expectations for the president's final health care sign-up season. The biggest worry: rising ...

California moves forward with public input on self-driving car guideline

SACRAMENTO, Calif. — California regulators asked members of the public Wednesday what they thought about proposed regulations that would– eventually – allow self-driving cars that lack a steering ...

Tuesday, Oct. 18, 2016

Yahoo stumbles again in 3rd quarter

SAN FRANCISCO — Yahoo stumbled through another rough patch in the third quarter, ramping up the pressure on the slumping internet company to complete its $4.8 billion sale to Verizon Communications.
By Michael Liedtke

Social Security checks to go up by $4

WASHINGTON  — Millions of Social Security recipients and federal retirees will get a 0.3 percent increase in monthly benefits next year, the fifth year in a row that older Americans will have ...

More first-time homebuyers enter market

WASHINGTON — For years, the U.S. housing market looked bleak for young couples hoping to buy their first homes but struggling with high student debt, low pay and meager down-payment savings.
By Josh Boak

Some VW owners blast $10 million emissions settlement as insufficient

SAN FRANCISCO — Several angry Volkswagen owners told a federal judge on Tuesday that a $10 billion settlement does not adequately compensate them for the automaker's emissions cheating scandal, ...
By Sudhin Thanawala

Monday, Oct. 17, 2016

United Airlines beats forecasts despite dip in profits

DALLAS - Profit is down and revenue is still falling at United Airlines, as the airline industry struggles with lower average fares. United's third-quarter profit, however, was still enough to ...
By David Koenig

Ground broken on road at corporate park

The improvement will allow workers access to the EdenCrete site on the far end of the Augusta Corporate Park.

Saturday, Oct. 15, 2016

Biz bits

JENNIFER WEEKS Award/honor: Has been selected as Early Heart Attack Person of the Year by the American College of Cardiology and Society of Cardiovascular Patient Care for dedication in improving ...

'Customer surveys' might also be scams

We have all seen the ads, "Take our short survey and receive a $50 gift card!" Offers such as these claim to be gathering customer feedback for legitimate businesses, but many may be promoting ...
By Kelvin Collins
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