Columbus CEO Archives

July 2013 Edition

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Obama admin delays major requirement of health law

WASHINGTON (AP) - In a major concession to business groups, the Obama administration Tuesday unexpectedly announced a one-year delay, until 2105, in a central requirement of the new health care law that medium and large companies provide coverage for their workers or face fines.

ACLU files complaint over Whole Foods Spanish flap

ALBUQUERQUE, N.M. (AP) - A civil rights group has filed complaints against Whole Foods Market with a New Mexico agency for allegedly discriminating against Spanish-speaking employees at an Albuquerque store.

Colo. AG accuses Boobies Rock of misleading donors

DENVER (AP) - The Colorado attorney general says the man behind Boobies Rock and Say No 2 Cancer misled donors and customers around the country into thinking more of their money was going to breast cancer charities.

US Treasury bond market at a glance

Key barometers in the Treasury market late Tuesday, compared with late Monday. Price changes in the 10-year note and 30-year bond are per $100 invested:

News Summary: Stocks end slightly lower

EGYPT UNREST: Intensifying protests in Egypt pushed the price of oil close to the $100 a barrel mark. That unsettled investors and stocks ended the day slightly lower.

Fox News says Megyn Kelly will move to prime time

NEW YORK (AP) - Fox News Channel said Tuesday that Megyn Kelly will soon move into prime time, and the palace intrigue about who - if anyone - she will displace on cable news' most popular and stable lineup begins.

Review: Price for simplicity in new Google phones

NEW YORK (AP) - Two new Android phones will look and sound familiar to those who have been paying attention to phones. That's because these two devices are replicas of Samsung's Galaxy S4 and HTC's One, except they lack most of the bells and whistles added to the original models.

Correction: PokerStars-Atlantic City story

TRENTON, N.J. (AP) - In a story July 1 about a bid by the PokerStars website to buy The Atlantic Club casino, The Associated Press erroneously reported the nature of a ruling by a New Jersey appellate court. The court rejected PokerStars' bid to stop The Atlantic Club from seeking a new buyer while a failed deal with PokerStars is in litigation; it did not reject PokerStars' overall bid to regain the right to buy the casino.

How the Dow Jones industrial average fared Tuesday

The Dow Jones industrial average fell slightly Tuesday after concerns about growing unrest in Egypt pushed oil prices higher. That offset positive news on the U.S. economy that included rising factory orders and strong auto sales.

A look at technical specs for new Google phones

The Google editions of HTC's One and Samsung's Galaxy S4 are among the latest smartphones available in the U.S. The new phones are more expensive, but their specifications are similar to the original models, except that Google isn't selling a version for CDMA networks such as Sprint and Verizon. In addition, Google isn't offering a step-up model with more memory. Here are the technical details on the new devices.

Ex-FBI director to review BP settlement program

NEW ORLEANS (AP) - A federal judge has appointed former FBI Director Louis Freeh to conduct an independent investigation of alleged misconduct by a lawyer who worked for the court-supervised administrator of BP's multibillion-dollar settlement along with a team of private attorneys.

AP reviews new smartphones: Android, iOS and more

New phones are continually coming out. Which should you buy? Here's a summary of The Associated Press' recent phone reviews, including the latest on Google phones running a pure version of Android.

Justice: Hospitals to pay $34 million settlement

ST. LOUIS (AP) - Fifty-five hospitals in 21 states have agreed to pay $34 million to the U.S. government to settle allegations that they used more expensive inpatient procedures rather than outpatient spinal surgeries to get bigger payments from Medicare.

Calif. recommends expansion of hazardous dump

FRESNO, Calif. (AP) - California officials are recommending allowing a major expansion of the largest hazardous waste dump in the western United States, even though some residents blame the dump for birth defects.

'Hardly Workin:"new album out by ex-Groupon CEO

NEW YORK (AP) - Groupon's quirky former CEO, Andrew Mason, has been working hard on a new album, "Hardly Workin,'" since he was ousted from the troubled online deals company in February.

Correction: Paula Deen-The Comeback Trail story

NEW YORK (AP) - In a story June 25 about chef Paula Deen's future in the wake of controversy over her past use of the N-word, The Associated Press incorrectly named the employer of Dara Busch, who commented on the case. Busch works for Rubenstein Public Relations, not Rubenstein Associates.

Horse slaughter opponents sue USDA over permits

COLUMBIA, Mo. (AP) - A coalition of animal protection groups is asking a federal court in northern California to block the revival of domestic horse slaughter at commercial processing plants.

Keystone XL foes turn focus to local government

LINCOLN, Neb. (AP) - Frustrated with state and federal officials, opponents of the Keystone XL pipeline are turning to low-level county commissions and zoning boards in a new attempt to slow a project that has become a focal point of national battle over climate change.

Fed approves higher bank capital standards

WASHINGTON (AP) - The Federal Reserve approved higher requirements for the amount of capital reserves banks must hold to cushion against unexpected losses. The change is aimed at preventing a repeat of the 2008 financial crisis.

Keystone XL foes turn focus to local government

LINCOLN, Neb. (AP) - Opponents of the Keystone XL pipeline are turning to low-level county commissions and zoning boards in an effort to slow the project, which is a flash point in the national battle over climate change.

Barry Diller fined $480,000 over Coca-Cola stock

NEW YORK (AP) - The Federal Trade Commission says it has fined billionaire Barry Diller $480,000 tied to complaints that he did not submit the required regulatory filings when he acquired voting shares in the Coca-Cola Co. in 2010 and 2012.

Review: Price for simplicity in new Google phones

NEW YORK (AP) - Two new Android phones will look and sound familiar to those who have been paying attention to phones. That's because these two devices are replicas of Samsung's Galaxy S4 and HTC's One, except they lack most of the bells and whistles added to the original models.

Feds: Tiffany exec stole jewelry worth $1.3M

NEW YORK (AP) - A former executive with Tiffany & Co. stole a little blue box bounty from the jeweler's midtown Manhattan headquarters and resold it for more than $1.3 million, federal authorities said Tuesday.

News Summary: Urban-rural alliance breaks down

DOWN ON THE FARM: The defeat of this year's farm bill - traditionally a sturdy, albeit lonely pillar of cooperation in Washington - highlighted how the country-city political marriage became yet another victim of partisan politics in polarizing times. The divorce throws into doubt the future of sweeping agriculture and nutrition spending.

Fed approves higher bank capital standards

WASHINGTON (AP) - The Federal Reserve approved higher requirements for the amount of capital reserves banks must hold to cushion against unexpected losses. The change is aimed at preventing a repeat of the 2008 financial crisis.

Mayor's Small Biz Expo

Mayor Coleman's office issued a Save-the-Date this morning for the annual Small Business Conference and Expo. The theme of this year's event will be "Go Forward II: New Directions to Small Business Growth and Profitability."

The conference takes place September 26 & 27, 2013. The city has yet to post a registration portal, we'll post link as soon as it goes live.

US factory orders rise 2.1 percent in May

WASHINGTON (AP) - Orders to U.S. factories rose in May, helped by a third straight month of stronger business investment. The gain suggests manufacturing is picking up after a weak start to the year.

Stocks edge gain in early trading on Wall Street

NEW YORK (AP) - Stocks gained early Tuesday, led by financial companies, in quiet trading ahead of the July 4th holiday in the U.S. Ford got a boost after reporting its best June for auto sales since 2006.

US factory orders rise 2.1 percent in May

WASHINGTON (AP) - Orders to U.S. factories rose in May, helped by a third straight month of stronger business investment. The gain suggests manufacturing is picking up after a weak start to the year.

Urban-rural alliance breaks down on farm bill vote

DES MOINES, Iowa (AP) - For decades, country and city interests had come together every few years to pass the farm bill, a measure that provided billions of dollars in subsidies to farmers and businesses in rural areas and food stamp money for urbanites.

FAA probes close call of Spirit jet, small plane

DETROIT (AP) - The Federal Aviation Administration said Monday it is investigating a close call between a Texas-bound Spirit Airlines flight and a skydiving plane that forced the jetliner to dive sharply over Michigan, as screaming passengers feared the plane was going to crash.

News summary: Tribune buys TV stations for $2.73B

GOING LOCAL: Tribune Co. said it would buy Local TV and its 19 TV stations for $2.73 billion. The acquisition makes Tribune the nation's No. 1 local TV broadcaster and broadens its reach to nearly half the country, or more than 50 million households.

NY man gets time served in Fla. hotel heir's death

WHITE PLAINS, N.Y. (AP) - A New York man who admitted being the driver for two other men in the beating death of a Florida millionaire was sentenced Monday to time served in connection to the 2009 killing.

IRS disallows $2.86B in deductions taken by Tyco

The IRS has disallowed roughly $2.86 billion in interest and deductions recognized by Tyco International Ltd. for the 1997-2000 tax years, according to a Securities and Exchange Commission filing.

Nuptials at midnight as gay marriage hits Minn.

MINNEAPOLIS (AP) - Dozens of Minnesota gay couples made last-minute preparations Wednesday for midnight marriages, determined to exchange vows at the earliest possible moment under a new state law legalizing same-sex marriage.

CBS 2Q beats Street as dispute goes on

LOS ANGELES (AP) - CBS Corp. said Wednesday that net income rose 11 percent in the latest quarter, beating the expectations of analysts as the company continues to benefit from the types of fees that are at the center of a dispute with one of its key cable TV distributors.

Whistleblower suit: Hospitals defrauded Medicaid

ATLANTA (AP) - A federal whistleblower lawsuit alleges that two large hospital operators paid kickbacks to clinics that directed expectant mothers living in the country illegally to their hospitals and filed fraudulent Medicaid claims on those patients.

On an Upswing

The office space market is improving, with some lower vacancy rates and higher rents. But the industry isn't out of the woods yet.

Property Protection

Ohioans can now set up trusts to shield personal assets from creditors. Proponents say the change is good for residents as well as the state.

Young Professional Payoff

Seven years ago, city and business leaders launched a campaign to lure and keep young professionals in Central Ohio. So far, the effort is paying dividends.

Samsung Galaxy S4

The current Samsung strategy is to throw almost every possible feature into a smartphone in order to be the best.

Men and Breast Cancer

"When my doctor told me it was breast cancer, I thought he was joking," says Ron Coleman, a six-year survivor.

Custom Creations

A woodworking hobby evolved into a money-making venture for an airline pilot and his business partner.

Q&A with David Blom

The president and CEO of OhioHealth Corp. is striving to be 'part of the solution.'

FAA probes close call of Spirit jet, small plane

DETROIT (AP) - The Federal Aviation Administration said Monday it is investigating a close call between a Texas-bound Spirit Airlines flight and a skydiving plane that forced the jetliner to dive sharply over Michigan, as screaming passengers feared the plane was going to crash.

Not guilty verdict for San Diego chalk protester

SAN DIEGO (AP) - A jury on Monday acquitted an activist of vandalism charges for chalking anti-bank slogans on San Diego sidewalks, delivering a swift verdict on a prosecution that the city's own mayor said was "stupid."

Zynga CEO steps down, Microsoft exec to take post

NEW YORK (AP) - He's not heading out to pasture, but the CEO of "FarmVille" maker Zynga Inc. is stepping aside as the troubled online game company looks to revive itself and lift its stalled stock price.

News Summary: Stocks gain as Fed fears ease

NEW YORK (AP) - LESS FED CONCERN: Stocks gained after two economic reports, one on manufacturing, one on construction spending, added to evidence that the economy is muddling along, rather than powering ahead. That's good for stock investors betting that the Federal Reserve will keep up its stimulus.

Not guilty verdict for San Diego chalk protester

SAN DIEGO (AP) - A jury on Monday acquitted an activist of vandalism charges for chalking anti-bank slogans on San Diego sidewalks, delivering a swift verdict on a prosecution that the city's own mayor said was "stupid."

Yahoo buys Bignoggins for more bright ideas

SUNNYVALE, Calif. (AP) - Yahoo is making another small acquisition as part of the Internet company's effort to make more compelling applications for smartphones and tablet computers.

How the Dow Jones industrial average fared Monday

The Dow Jones industrial average and the Standard & Poor's 500 index gained as investors judged that the economy still isn't growing fast enough for the Federal Reserve to ease back on its stimulus program. Reports on U.S. manufacturing and construction spending added to evidence that the economy is growing steadily, but modestly.

Hyatt Hotels, union resolve dispute

WASHINGTON (AP) - Hyatt Hotels Corp. has reached a tentative contract with the union representing thousands of it employees, ending a four-year dispute that led to dozens of protests and a global boycott against the Chicago-based hotel chain.

An early rally fades on Wall Street

NEW YORK (AP) - An early rally on Wall Street has faded away in afternoon trading, leaving indexes modestly higher on the first day of the month.

Dispatch debut

On July 1, 1871, theColumbus Dispatchdebuted as a four-page newspaper calledThe Daily Dispatch.For three cents, readers could catch up on the afternoon news.

The paper was founded by a group of 10 veteran printers with $900 in capital and was published from a rented building at N. High and Lynn Alley, according...

Columbus Recognized As a Good Place for YPs

Columbus has earned yet another bit of national recognition, this time from NerdWallet, a consumer finance website, which ranked the city on its list of the top 10 U.S. cities for recent college graduates.

News Summary: Coal country on the defensive

COAL CHUTE: After taking a beating from the weak economy, new pollution rules and cheap natural gas, the coal industry was on the rebound this year in the Western U.S. Now coal is on the defensive again with President Barack Obama's push to rein in climate change.

Fannie and Freddie make $66.3 billion payment

WASHINGTON (AP) - The U.S. government said Monday that it has received $66.3 billion in dividend payments from Fannie Mae and Freddie Mac after both reported stronger earnings at the start of the year.

Rally for the Ranch

The Buckeye Ranch's newest fundraiser is bound to get some folks' motors running.

Pa. McDonald's franchise to offer more pay options

SCRANTON, Pa. (AP) - A McDonald's franchise in Pennsylvania says it will give employees more payment options after it was sued by a former employee who says she was charged a fee to access her wages from a debit card.

White House has coal country on the defensive

COLSTRIP, Mont. (AP) - After several years of taking a beating from the poor economy, new pollution rules and a flood of cheap natural gas, the coal industry was on the rebound this year as mining projects moved forward in the Western U.S. and demand for the fuel began to rise, especially in Asia.

News Summary: Energy drinks try to go natural

GOING NATURAL? As energy drink sales soar like a caffeine-fueled rocket, more drinks are promoting organic ingredients, added juices, natural caffeine and so-called "clean" energy.

News Summary: Merck sleep drug approval delayed

REGULATORY ROADBLOCK: The Food and Drug Administration says it won't approve high doses of Merck & Co.'s experimental insomnia drug, suvorexant, because of safety concerns. It could approve lower doses than Merck wanted, but new studies will be needed.

Fannie and Freddie make $66.3 billion payment

WASHINGTON (AP) - The U.S. government says it has received $66.3 billion in dividend payments from Fannie Mae and Freddie Mac, reflecting stronger earnings at the start of the year. The payments are a key reason the government expects its smallest budget deficit in five years.

Ex-KPMG partner pleads guilty in Los Angeles

LOS ANGELES (AP) - A former partner at accounting firm KPMG has pleaded guilty in Los Angeles to a securities fraud charge for providing insider information to a friend who plied him in return with cash bribes, a Rolex watch and other luxury items.

White House has coal country on the defensive

COLSTRIP, Mont. (AP) - After several years of taking a beating, the coal industry was on the rebound this year as mining projects moved forward in the Western U.S. and demand for the fuel began to rise, especially in Asia.

Student loan rates double without Congress' action

WASHINGTON (AP) - College students taking out new loans for the fall term will see interest rates twice what they were in the spring - unless Congress fulfills its pledge to restore lower rates when it returns after the July 4 holiday.

US factory activity expands in June, jobs decline

WASHINGTON (AP) - U.S. manufacturing activity grew in June behind a pickup in new orders, exports and production. Better economic growth overseas is boosting U.S. exports and could help American factories rebound in the second half of the year.

Merck: FDA wants more studies of insomnia drug

WHITEHOUSE STATION, N.J. (AP) - Drugmaker Merck & Co. says federal regulators have ruled that they won't approve high doses of its experimental insomnia medication because of concerns about their safety.

US stocks advance as stimulus concerns fade

NEW YORK (AP) - Stocks rose on Wall Street Monday as investors judged that the economy still isn't growing fast enough for the Federal Reserve to cut back on its stimulus program.

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