Articles from the Business section archive

Thursday, Feb. 26, 2015

Regulators OK 'net neutrality' rules for Internet providers

WASHINGTON — Internet service providers now must act in the “public interest” when providing a mobile connection to your home or phone, under rules approved Thursday.
By Anne Flaherty

Sears 4Q loss narrows, sales slide as business shifts

NEW YORK — Sears recorded its fourth straight year of falling profit and revenue, even as cost cutting and store closures helped narrow its loss for the fourth quarter.
By Michelle Chapman

Wednesday, Feb. 25, 2015

GOP lawmakers accuse Fed chief of political bias

WASHINGTON - Federal Reserve Chairwoman Janet Yellen came under fire Wednesday from House Republicans, who challenged the central bank's lack of accountability during her second day of testimony ...
By Martin Crutsinger

Lexus tops auto dependability survey

DETROIT - Lexus is the most dependable car brand for the fourth consecutive year in rankings that increasingly hinge on high-tech features.
By Dee-Ann Durbin

TJ Maxx, Marshalls follow Wal-Mart in raising pay

NEW YORK - The owner of T.J. Maxx, Marshalls and HomeGoods stores became the latest retailer to boost pay for its U.S. workers, putting pressure on other chains to do the same.
By Joseph Pisani and Anne D'Innocenzio

Target reports quarterly losses from Canada pullout

NEW YORK - Target Corp. delivered a cautious profit outlook for the first quarter and reported a loss in its fourth quarter, dragged down by costs associated with liquidating its Canadian stores.
By Anne D'Innocenzio

Lowe's has strong 4Q as job market improves

MOORESVILLE, N.C. — Lowe’s fourth-quarter profit climbed as an improving job market creates marginal improvements in the housing market.

Diet pill alli back in stores after recall

GlaxoSmithKline's popular nonprescription diet pill alli back in new tamper-resistant package.

Tuesday, Feb. 24, 2015

US automakers rise in magazine's top vehicle rankings

Buick is the first U.S.-based automotive brand to crack the top 10 in Consumer Reports magazine's brand report cards. But the top picks were dominated by Japanese and German manufacturers.
By Tom Krisher

Business news

NEW YORK - Shoppers at Home Depot during the holidays helped the home improvement chain beat Wall Street expectations for its fourth-quarter results. 

Efforts promote downtown businesses

A couple of stakeholders in downtown's business community want to take the reins on turning what they see as untapped potential into reality.
By Jenna Martin

Fewer homes for sale pushes up US house prices in December

US home prices rise at steady pace in December, lifted by a limited supply of homes for sale.
By Christopher S. Rugaber

Yellen reiterates Fed's patience in raising rates

Yellen: Fed won't hike interest rates until it sees more economic progress, stronger inflation.
By Martin Crutsinger

US consumer confidence slides after big January gain

Consumer confidence slides after big January gain but remains above pre-recession levels.
By Paul Wiseman

Home Depot 4Q tops Street on holiday; OKs $18B buyback

Home Depot 4Q results top Street on strong holiday showing, approves $18B stock buyback.
By Michelle Chapman

Comcast 4Q profit edges up, adds customers, boosts dividend

Comcast net income edges up, boosts dividend, plans share buyback.
By Mae Anderson

Macy's offers cautious annual profit outlook

Retailer Macy's tops 4th quarter expectations, but forecast for fiscal 2015 falls short.

Solvay invests in Augusta facility

Solvay Specialty Polymers has chosen Augusta over a sister facility in India to build a new high-performance polymer unit.
By Jenna Martin

Monday, Feb. 23, 2015

Honda CEO to resign amid air bag recall scandal

Takanobu Ito, the head of Honda Motor Co., will step aside in June after more than 6.2 million recalls in the U.S. over an air bag safety defect that killed at least six.
By Elaine Kurtenbach

3 carriers to build Google's mobile wallet into new phones

Aiming to undercut Ap­ple's latest hit service, Google is teaming up with AT&T, Verizon and T-Mobile in hopes of getting more people to use its mobile wallet.
By Michael Liedtke

Restaurant inspections

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

Chamber Corner

Ribbon cuttings from the Augusta Metro Chamber of Commerce.

Biz Bits

Biz Bits honor people and businesses that get awards, earn certifications or become appointed to civic boards.

On The Move

On The Move recognizes new hires and promotions.
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