Articles from the Business section archive

Friday, Aug 8, 2014

Business news

SAN FRANCISCO - A federal judge has decided a $324.5 million settlement isn't enough to cover the damages done to more than 60,000 high-tech workers in a class-action lawsuit.

Cool summer raises expectations of record harvest

DES MOINES, Iowa - A mild summer across much of the nation's heartland has provided optimum growing conditions for the nation's corn and soybean crops.
By David Pitt

Malaysia to delist loss-making flag carrier

KUALA LUMPUR, Malaysia - Malaysia's state investment company said Friday it plans to make Malaysia Airlines fully government owned, removing it from the stock exchange before carrying out an ...
By Eileen Ng

Funds are going smaller-game hunting for dividends

NEW YORK — In the hunt for dividends, biggest doesn’t always mean best. Big, blue chip stocks are often the first stop for many dividend investors. But smaller companies pay dividends too.
By Stan Choe

Third Cook-Out slated for Washington Road

Cook-Out plans to open a third location planned on Wash­ing­ton Road near Interstate 20, but the business owner being evicted from the site says he plans to appeal.
By Jenna Martin

Local resale and rental investments picking up

Local activity in both residential resale and rental properties is picking up again, after the recession scared many away.
By Jenna Martin

Thursday, Aug 7, 2014

FDA: Peanut plant took 5 days to disclose salmonella tests

ALBANY, Ga. - Officers at a Georgia peanut plant took five days to disclose that lab tests found salmonella in some of their products, despite repeated questioning from on-site inspectors.
By Russ Bynum

Fannie, Freddie post profits in 2Q; pay dividends

WASHINGTON — Government-controlled mortgage companies Fannie Mae and Freddie Mac posted profits for the April-June period as the U.S. housing market continued to recover.
By Marcy Gordon

Broad Street building demolition set Monday

Demolition of the Brislan Building on Broad Street will begin Monday, seven months after fire ravaged the historic structure.
By Jenna Martin

US jobless aid applications fell to 289,000

WASHINGTON — Fewer people sought U.S. unemployment benefits last week, as jobless claims remain at relatively low levels that point toward stronger economic growth.
By Josh Boak

Wednesday, Aug 6, 2014

Softbank replaces longtime Sprint boss

NEW YORK - Sprint's new owner is replacing its longtime CEO with a Bolivian billionaire and entrepreneur after dropping its bid for rival wireless carrier T-Mobile US.
By Peter Svensson

Walgreen won't pursue overseas tax relief

Walgreen, the nation's biggest drugstore chain, said Wednesday that it would no longer consider a so-called inversion, which has become popular among large, multi-national health care companies ...
By Tom Murphy

Bank of America nears settlement over sale of securities

WASHINGTON - Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis.
By Eric Tucker

NASCAR driver draws big crowd to new bargain store in Aiken

NASCAR fans flocked to the new Ollie's Bargain Outlet store in Aiken early Wendesday for a meet-and-greet with veteran driver Kevin Harvick but stayed for the shopping.
By Jenna Martin

Tuesday, Aug 5, 2014

Business news

A small Pensacola, Fla.-based tuxedo chain opened July 30 in the Shoppes at North Augusta center. Michael Martin operates the local franchise.

Obama announces $33 billion in new commitments to Africa

WASHINGTON - Seeking to strengthen America's financial foothold in Africa, President Obama announced $33 billion in commitments.
By Julie Pace

Gannett splits publishing, broadcast wings

NEW YORK -USA Today owner Gannett became the most recent major media entity to say it will divide its print and broadcast divisions into separate companies.
By Mae Anderson

21st Century Fox drops attempt to buy Time Warner

NEW YORK - Rupert Murdoch's 21st Century Fox is abandoning its attempt to take over Time Warner in a proposed deal that would have combined two of the world's biggest media companies.

Small business forum planned Aug. 21

The U.S. Small Business Administration's Georgia District and U.S. Rep. John Barrow will host a small business forum Aug. 21 at the Kroce Center.
By Jenna Martin

Biz Bits

PATRICK WARD Award/honor: Certified as a preferred provider in the CSRA Home Connections Local Alliance Co-op Marketing Program. Details: He is owner of Big Country Surveying.

Restaurant inspections

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

On The Move

DENISE KORNEGAY New job title: Associate dean for AHEC Employer: Medical College of Georgia Work experience: She is the executive director of the Georgia Statewide Area Health Education Network based at Georgia Regents University.

Biz Bits

PATRICK WARD Award/honor: Certified as a preferred provider in the CSRA Home Connections Local Alliance Co-op Marketing Program. Details: He is owner of Big Country Surveying.

Day Planner

THIS WEEK MONDAY: Augusta Metro Chamber of Commerce Women In Business luncheon; 11:30 a.m.

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