Columbus CEO Archives

August 2013 Edition

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Congress clears bill to ease military screening

WASHINGTON (AP) - Congress is sending President Barack Obama a bill that would make it easier for wounded or disabled members of the military and veterans to get through airport security screening.

Time Warner Cable drops CBS in NY, LA, Dallas

LOS ANGELES (AP) - Three million Time Warner Cable customers in New York, Los Angeles, Dallas and elsewhere lost access to CBS programming on multiple channels Friday as the cable provider dropped the network in a dispute over fees.

US Treasury bond market at a glance

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

A tale of 2 employment surveys, at a glance

WASHINGTON (AP) - The U.S. economy added 162,000 jobs in June, the fewest since March. Yet the unemployment rate fell to 7.4 percent from 7.6 percent - the largest decline since February.

New Zealand finds botulism signs in milk products

WELLINGTON, New Zealand (AP) - New Zealand dairy giant Fonterra announced Saturday that tests of some ingredients used in infant formula and sports drinks have turned up a type of bacteria that could cause botulism, and customers were urgently checking their supply chains.

News Summary: Tepid jobs growth

TEPID JOBS: The government reported that 162,000 jobs were created last month, fewer than economists had forecast. Stocks fell in the early going but recovered throughout the day. Investors reasoned that the Fed wouldn't be in a rush to exit from its stimulus plan.

Senators offer plan to save cash-strapped USPS

WASHINGTON (AP) - Saturday mail delivery would be ended in a year and the Postal Service could start shipping alcoholic beverages under a plan offered Friday by two key senators seeking to turn around the struggling agency's finances.

Time Warner Cable drops CBS in NY, LA, Dallas

LOS ANGELES (AP) - Three million Time Warner Cable customers in New York, Los Angeles and Dallas are losing the CBS channel, as the cable provider says it is dropping the network in a dispute over fees.

Navigating municipal bonds after Detroit

NEW YORK (AP) - When Detroit became the biggest city in U.S. history to file for bankruptcy last month, it turned public attention to the municipal-bond market, where cities and states go to borrow money. Was this sleepy, often-overlooked area of the financial world actually dangerous?

Calif., Fla., Texas sites get customs program

MONTPELIER, Vt. (AP) - Six locations in California, Florida and Texas are going to be taking part in a pilot program designed to reduce the time people have to wait while entering the country by having the sponsoring organization help pay the costs of additional border officers.

Senators offer plan to save cash-strapped USPS

WASHINGTON (AP) - Saturday and door-to-door mail delivery would be phased out and the Postal Service could start shipping alcoholic beverages under a plan by two key senators seeking to turn around the struggling agency's finances.

Calif., Fla., Texas sites get customs program

MONTPELIER, Vt. (AP) - Six locations in California, Florida and Texas are going to be taking part in a pilot program designed to reduce the time people have to wait while entering the country by land or at airports.

Health care fix spares insurance hike for Congress

WASHINGTON (AP) - Under a forthcoming fix from the Obama administration, American taxpayers will continue paying for most of the health benefit costs for members of Congress and their aides who are being marshaled into new insurance exchanges.

Ex-Green Mountain worker accused of inside trading

WASHINGTON (AP) - Federal regulators have accused a former technology manager at Green Mountain Coffee Roasters Inc. of insider trading, saying he profited by using quarterly earnings data he obtained ahead of company announcements.

Pa. same-sex partner ruling raises pension issues

HARRISBURG, Pa. (AP) - A federal judge granted retirement benefits to the female spouse of a woman who died three years ago in Illinois, a ruling that raises questions about the implications of the U.S. Supreme Court's recent gay marriage decision.

Feds, states want Apple to revamp e-book practices

NEW YORK (AP) - The Justice Department and 33 state attorneys general on Friday said they want to prevent Apple from entering into contracts with sellers of e-books, movies, music and other digital content that are likely to raise prices.

Choices: Closer look at 2 plans for Dell's future

SAN FRANCISCO (AP) - Dell Inc. delayed Friday's vote on founder Michael Dell's plan to take the computer maker private. The postponement came after Michael Dell and Silver Lake Partners added a special dividend of 13 cents per share on top of an already sweetened bid of $24.6 billion, or $13.75 per share. They originally had offered $24.4 billion, or $13.65 per share.

Rep. Issa accuses IRS of obstructing investigation

WASHINGTON (AP) - A GOP lawmaker accused the Internal Revenue Service of obstructing congressional investigations into the agency's targeting of tea party groups, a charge the head of the IRS denied.

News Summary: US consumer spending up in June

BIGGER SPENDERS: Consumers increased their spending by 0.5 percent in June, the fastest pace in four months. But income growth slowed to 0.3 percent after a 0.4 percent gain in May.

Bay Area transit workers give strike warning

OAKLAND, Calif. (AP) - Two transit unions issued a 72-hour strike notice, alerting the more than 400,000 San Francisco Bay area commuters that the system could be shut down during Monday's commute if labor issues aren't resolved.

Carnival posts onboard cruise crime data

NEW YORK (AP) - Carnival Corp. released data about 127 alleged crimes reported on its North America-based cruise lines in the past three years as part of a voluntary effort by several large cruise companies to be more accountable to the public.

NC challenges Alcoa's property rights for dams

RALEIGH, N.C. (AP) - North Carolina officials filed a lawsuit Friday in a long-running fight with Alcoa Inc. over who will control the water and electric power that comes from the state's second-largest river system for the next 50 years.

WTO backs US in chicken trade dispute with China

WASHINGTON (AP) - The World Trade Organization ruled in favor of the U.S. on Friday in a long-standing trade dispute over allegations China unfairly imposed anti-dumping tariffs that restricted American poultry exports.

France tries 1 more cure for volatile suburbs

PARIS (AP) - Two weeks after a spurt of rioting in a far-flung Paris suburb, President Francois Hollande is injecting a new dose of funds to help cure one of France's most persistent problem areas - the suburban housing projects with their volatile mix of joblessness, high immigration, crime and despair.

US rig count up 6 this week to 1,782

HOUSTON (AP) - Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. increased by six this week to 1,782.

Viacom 3Q net income rises 20 pct

NEW YORK (AP) - Viacom Inc. said Friday that its fiscal third-quarter net income rose 20 percent, as it reaped more in fees for its cable TV channels and advertising revenue got a boost from improved ratings at key networks.

News Summary Viacom 3Q net income rises 20 pct

THE RESULTS: Viacom Inc.'s fiscal third-quarter net income rose 20 percent. The company's adjusted profit fell a penny short of Wall Street expectations, but its revenue came in higher than expected.

Review: Motorola phone notable for customization

NEW YORK (AP) - In the four decades since Motorola first showed off a prototype of the world's first cellphone, the company has watched Apple, Samsung and other innovators surpass it in sales. With Google as its new owner, Motorola is introducing the Moto X, a phone notable for innovations in manufacturing, as part of an attempt to regain its stature.

News Summary: Orders placed with US factories up

TWIN PEAKS: Orders placed with U.S. factories rose 1.5 percent in June as strong demand for airplanes, machinery and autos pushed the economic indicator to a record high for the second consecutive month. Total orders peaked at $496.7 billion.

AP-USDA-Eastern Cornbelt Hog Report

LMHG209
Des Moines, Iowa Fri, Aug 02, 2013 USDA Market News
EASTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, August 2, 2013 (As of 9:30 AM)
CURRENT VOLUME BY PURCHASE TYPE
BARROWS & GILTS LIVE AND CARCASS BASIS
Estimated Actual...

Greek protesters take campaign to Acropolis

ATHENS, Greece (AP) - Greek civil servants protesting mass staff cuts took their campaign to the gates of the ancient Acropolis on Friday, after the government announced that 500 workers at the culture ministry would be suspended next month.

A look at technical specs for selected phones

Motorola, the inventor of the cellphone, is hoping to regain its stature with the Moto X, the first smartphone designed under its new owner, Google. The new Moto X offers a range of customization options. Here are the technical details on the new device along with Samsung's Galaxy S4, HTC's One and Apple's iPhone 5.

AP reviews new smartphones: Moto X and more

New phones are continually coming out. Which should you buy? Here's a summary of The Associated Press' recent phone reviews, including Motorola's new Moto X phone, which is coming out in the U.S. in about a month.

Issa accuses IRS of obstructing investigation

WASHINGTON (AP) - A GOP lawmaker accuses the Internal Revenue Service of obstructing congressional investigations into its targeting of tea party groups. The head of the IRS denies the charge.

NM gun shop holding prairie dog killing contest

LOS LUNAS, N.M. (AP) - A New Mexico gun shop that drew international fire for sponsoring a coyote hunting contest last year is holding another competition aimed at another animal - the prairie dog.

AP-USDA-Midwest Regional Eggs

NWPY018
Des Moines, IA Fri. Aug 02, 2013 USDA Market News
SHELL EGGS: Daily Midwest Regional Eggs
Midwest delivered asking prices for next week are 1 cent lower for Extra
Large and Large, and 3 cents higher for Medium. Producer prices are steady
for Large, 2 cents higher for Medium, and 1 cent lower for Small.

US stocks slip after disappointing jobs report

NEW YORK (AP) - Stocks fell in early trading after the U.S. economy added fewer jobs than forecast in July, blunting optimism that the economy is poised to pick up strength in the second half of the year.

Spain: driver received 3 signals to slow down

MADRID (AP) - Investigators say the driver of a Spanish train that crashed, killing 79 people, received three warnings to reduce speed in the two minutes before the train hurtled off the tracks.

RBS names new CEO to replace Stephen Hester

LONDON (AP) - Stephen Hester reported his last set of results for bailed-out Royal Bank of Scotland Friday as he prepares to hand over the reins to New Zealander Ross McEwan.

Bus drivers' strike continues in Phoenix suburbs

TEMPE, Ariz. (AP) - A strike by transit bus drivers affecting tens of thousands of riders in Phoenix's eastern suburbs is in its second day, though there are indications of progress in contracts talks.

Futures mixed after jobs report

NEW YORK (AP) - Stock futures were mixed Friday after the U.S. reported that the unemployment rate dropped to 7.4 percent in July, the lowest level in more than four years.

Greek protesters take campaign to Acropolis

ATHENS, Greece (AP) - Greek civil servants protesting mass staff cuts took their campaign to the gates of the ancient Acropolis on Friday, after the government announced that 500 workers at the culture ministry would be suspended next month.

Viacom 3Q net income rises 20 pct

NEW YORK (AP) - Viacom Inc. says its fiscal third-quarter net income rose 20 percent, boosted by higher affiliate fees and advertising revenue.

Futures rising ahead of July jobs numbers

NEW YORK (AP) - Big jobs numbers, a revival in manufacturing activity and a Federal Reserve seemingly committed to keeping interest rates low are driving U.S. stock futures higher after the S&P surpassed 1,700 for the first time this week.

AP Interview: USPS takes photos of all mail

WASHINGTON (AP) - The Postal Service takes pictures of every piece of mail processed in the United States - 160 billion last year - and keeps them on hand for up to a month.

Toyota profit up on cheap yen, forecasts raised

TOKYO (AP) - Toyota Motor Corp. said its profit for the first quarter of the fiscal year nearly doubled from a year ago, and set an ambitious, worldwide production goal that would break industry records if reached.

Spain's jobless figure drops 5th month in a row

MADRID (AP) - Spain's Labor Ministry said Friday the number of people registered as unemployed dropped for a fifth consecutive month in July as the busy summer tourist season continued to create jobs.

IAG says restructuring at Iberia taking hold

LONDON (AP) - International Airlines Group, the parent company of British Airways and Iberia, has reported a second-quarter net income of 127 million euros ($168 million) as restructuring at the Spanish airline begins to take hold.

Bus drivers begin strike in some Phoenix suburbs

TEMPE, Ariz. (AP) - Tens of thousands of bus riders in Phoenix's sprawling eastern suburbs were left without rides to work Thursday after drivers went on strike in a dispute with the company that just took over operations for the area's regional transit system.

Toyota profit up on cheap yen, forecasts raised

TOKYO (AP) - Toyota Motor Corp. said its profit for the first quarter of the fiscal year nearly doubled from a year ago, and set an ambitious, worldwide production goal that would break industry records if reached.

Judge to decide whether to block horse slaughter

ALBUQUERQUE, N.M. (AP) - A federal judge in Albuquerque is expected to decide Friday whether companies in New Mexico and Iowa can begin legally slaughtering horses, for the first time in the country since it was effectively banned in 2006.

Bay Area transit workers give strike warning

OAKLAND, Calif. (AP) - Two transit unions issued a 72-hour strike notice, alerting the more than 400,000 San Francisco Bay area commuters that the system could be shut down during Monday's commute if labor issues aren't resolved.

Lufthansa loses money in H1, stands by outlook

FRANKFURT, Germany (AP) - German airline Lufthansa AG recorded a net loss of 204 million euros ($270.01 million) in the first six months of the year as restructuring costs, fuel prices and slower business in Asia and the Middle East sapped earnings.

AP Interview: USPS takes photos of all mail

WASHINGTON (AP) - The Postal Service takes pictures of every piece of mail processed in the United States, and keeps them on hand for up to a month. Postmaster General Patrick Donahoe says the photos are used mostly for the mail sorting process - but are available for law enforcement, if requested.

Chinese court rules against J&J in monopoly suit

BEIJING (AP) - A Chinese court has ordered American medical products supplier Johnson & Johnson to pay damages to a former distributor in a case brought under the country's anti-monopoly law.

A look at technical specs for selected phones

Motorola, the inventor of the cellphone, is hoping to regain its stature with the Moto X, the first smartphone designed under its new owner, Google. The new Moto X offers a range of customization options. Here are the technical details on the new device along with Samsung's Galaxy S4 and Apple's iPhone 5.

AP reviews new smartphones: Moto X 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 new Moto X phone from Motorola.

Review: Motorola phone notable for customization

NEW YORK (AP) - In the four decades since Motorola first showed off a prototype of the world's first cellphone, the company has watched Apple, Samsung and other innovators surpass it in sales. With Google as its new owner, Motorola is introducing the Moto X, a phone notable for innovations in manufacturing, as part of an attempt to regain its stature.

'Putting Cheyenne on the data center map'

CHEYENNE -- "Putting Cheyenne on the Data Center Map" is one of the messages on the Green House Data web page. Green House Data officials took more steps toward that goal by breaking ground for the first $35 million phase of the company expansion Aug. 27.

Fla. education chief resigns amid grading scandal

TALLAHASSEE, Fla. (AP) - Florida's education commissioner resigned Thursday amid allegations that he changed the grade of a charter school run by a major Republican donor during his previous job as Indiana's school chief.

News Summary: LinkedIn impresses investors again

GETTING THE JOB DONE: LinkedIn Corp. topped analysts' financial estimates for the ninth consecutive quarter, preserving the online professional service's uninterrupted streak since the company went public in May 2011.

News Summary: AIG posts higher 2Q profit

BIGGER PROFIT: American International Group's net income grew 17 percent in the second quarter. The insurer benefited from higher net premiums, prices and income from investments.

Bus drivers begin strike in some Phoenix suburbs

TEMPE, Ariz. (AP) - Tens of thousands of bus riders in Phoenix's sprawling eastern suburbs were left without rides to work Thursday after drivers went on strike in a dispute with the company that just took over operations for the area's regional transit system.

AIG posts higher 2Q profit; declares dividend

American International Group Inc. said Thursday that its profit grew 17 percent in the second quarter as the insurer benefited from higher net premiums, prices and income from investments.

Judge views Saudi's interview by Vegas police

LAS VEGAS (AP) - A video aired in open court shows a Saudi Arabia air force sergeant telling a Las Vegas police detective he had sex with a 13-year-old boy at a Las Vegas Strip hotel on New Year's Eve.

Judge views Saudi's interview by Vegas police

LAS VEGAS (AP) - A video aired in open court shows a Saudi Arabia air force sergeant telling a Las Vegas police detective he had sex with a 13-year-old boy at a Las Vegas Strip hotel on New Year's Eve.

GOP prepares bill to cut food stamps by 5 percent

WASHINGTON (AP) - House Republicans are preparing legislation that would cut food stamps by as much as $4 billion annually in an effort to downsize a program that many conservatives say has become too bloated in recent years.

Money market fund assets fall $9.66 billion

NEW YORK (AP) - Total U.S. money market mutual fund assets fell $9.66 billion to $2.612 trillion for the week that ended Wednesday, according to the Investment Company Institute.

Netflix allows 5 viewing profiles on same account

SAN FRANCISCO (AP) - Netflix's latest attraction will enable families and other people sharing the same account to set up separate identities so the Internet video service can give them better recommendations on what to watch next.

US Treasury bond market at a glance

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

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