Columbus CEO Archives

October 2013 Edition

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Appeals court gives BP a win in settlement dispute

NEW ORLEANS (AP) - A federal appeals court gave new life Friday to oil giant BP PLC's claims that a judge's interpretation of a settlement after the 2010 Gulf of Mexico oil spill could force the company to pay billions of dollars for bogus or inflated claims by businesses.

NY state health care website slammed with 30M hits

ALBANY, N.Y. (AP) - New York's website to allow the uninsured to shop for health insurance under the nation's new health care law has struggled under the surge of nearly 30 million hits in two days.

Appeals court gives BP a win in settlement dispute

NEW ORLEANS (AP) - A federal appeals court has given new life to oil giant BP PLC's claims that a judge's interpretation of a settlement after the 2010 Gulf of Mexico oil spill could force the company to pay billions of dollars for bogus or inflated claims by businesses.

Tesla shares fall after car fire, analyst downgrade

Shares of Wall Street darling Tesla Motors Inc. fell 6 percent Wednesday after the high-flying stock was downgraded by an investment house and pictures and video of a mysterious Tesla Model S fire circulated on the Internet.

Stocks finish lower on 2nd day of shutdown

SAN FRANCISCO - U.S. stocks closed lower Wednesday, paring losses during the trading session as investors looked for a possible thaw in negotiations over the government shutdown after a private-sector jobs report came out weaker than expected.

Video games based on Tom Clancy books

Tom Clancy's action-packed novels also inspired dozens of video games. His name has been associated with such long-running gaming franchises as "Ghost Recon" and "Splinter Cell." Clancy's credit also appears on the upcoming "The Division." His games have sold over 76 million copies worldwide.

BC-Markets-At-A-Glance

NEW YORK (AP) - A snapshot of major stock and commodities market indicators Wednesday:

US Treasury bond market at a glance

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

News Summary: Stocks sag on shutdown, weak hiring

DAY TWO: The stock market opened sharply lower on the second day of a partial shutdown of the U.S. government. It recouped some of the loss following news that President Barack Obama had summoned Congressional leaders to the White House for talks. The Dow Jones industrial average fell as much as 147 points in early trading, then pared its loss to 58 by the end of the day.

PUCO gives Ormet break

Public Utilities Commission of Ohio members have agreed to give the Ormet Corp. a break on electric bills for its aluminum smelter plant at Hannibal, Ohio.

Holiday forecast is for modest retailer cheer

WASHINGTON - The holiday hiring season has started, and it looks as if it will be a challenge to match or surpass last year's strong showing. The sluggish economy is growing, but well below its potential, and competition is fierce from online companies, which hire fewer workers.

Universal to expand film slate by 4 annually

LOS ANGELES (AP) - Comcast Corp.'s Universal Pictures says it is increasing its release slate by four films per year after a record-breaking run at the international box office.

BC-Orange-juice

NEW YORK (AP) - Frozen concentrate orange juice trading on the IntercontinentalExchange (ICE) Wednesday:

Cerberus interested in BlackBerry

TORONTO (AP) - Private equity firm Cerberus is interested in taking a look at BlackBerry's books as a prelude to a possible bid for the troubled smartphone company.

Glencore to close Dominican Republic nickel mine

SANTO DOMINGO, Dominican Republic (AP) - Mining group Glencore Xstrata PLC says it will temporarily close the Falcondo nickel mine in the Dominican Republic that it had been seeking to expand amid environmental opposition.

Tesla stock tumbles after Model S catches fire

SEATTLE (AP) - Shares of electric car company Tesla sank more than 6 percent Wednesday after an Internet video showed flames spewing from one of the company's vehicles following a crash near Seattle.

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Penn Natl Gamingx10-1611-1
x- One share Gaming and Leisure Properties Inc for each share PENN held.
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How the Dow Jones industrial average fared

Weak hiring and worries about a protracted government shutdown pushed the U.S. stock market lower Wednesday. The Dow Jones industrial average fell for the eighth day in ten.

Review-Journal parent execs seek out from Sun case

LAS VEGAS (AP) - The corporate owners of the Las Vegas Review-Journal want a federal judge to drop two top executives and three business entities from a lawsuit by the editor-publisher of the rival Las Vegas Sun that aims to block a buyout attempt.

Health insurance marketplace information sessions

Individuals wanting to learn more about the new health insurance marketplace are invited to attend a free informational meeting. Lauren Miller, director of Athens County Public Libraries, collaborated with the Ohio Association of Foodbanks in Columbus to offer educational sessions for the public. All sessions are 5 p.m. to 8 p.m. Dates and locations are below:

BC-NYSE Bonds Market Diary,0094

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Israel regulators review Google deal

JERUSALEM (AP) - Israel's antitrust authority has opened a review of Google Inc.'s nearly $1 billion acquisition of Israeli navigation app Waze.

Stock market slips as US shutdown continues

NEW YORK (AP) - The stock market is closing slightly lower as investors weigh the possibility that political gridlock may keep the government partially closed for some time.

BC-Cotton

NEW YORK (AP) - Cotton No. 2 Futures on the IntercontinentalExchange (ICE) Wednesday:

BC-Merc Money

CHICAGO (AP) - Foreign money futures trading on the Chicago Mercantile Exchange Wednesday:

Gov't: Court should not allow disclosure

WASHINGTON (AP) - A federal court should not permit communications providers to reveal how often they are ordered to turn over information about their customers in national security investigations, the government argued in papers released Wednesday.

BC-Cotton Bale

NEW YORK (AP) - Cotton futures No. 2 closed $1.30 to $2.65 a bale higher Wednesday.

BC-Cash Grain

SPRINGFIELD, Ill. (AP) - Truck and rail bids for grain delivered to Chicago. Quotations from the USDA represent bids from terminal elevators, processors, mills and merchandisers after 1:30 p.m. Central time.

Obama seeks to strike a balance during shutdown

WASHINGTON (AP) - President Barack Obama's strategy during the partial shutdown of the federal government is aimed at keeping up the appearance of a leader focused on the public's priorities while avoiding looking tone deaf to those forced off the job.

Pressure mounts to fix health insurance exchanges

The pressure is on for the federal government and states running their own health insurance exchanges to get the systems up and running after overloaded websites and jammed phone lines frustrated consumers for a second day as they tried to sign up for coverage using the new marketplaces.

Beanie Babies billionaire pleads guilty to tax evasion

Suburban Chicago businessman Ty Warner, who became a billionaire after creating Beanie Babies collectibles, entered a guilty plea Wednesday for tax evasion, apologizing in a choked-up voice and telling a federal judge he had known his tax forms weren't accurate.

Costco leads Easton Gateway expansion

The Easton Gateway shopping district will debut this Friday with the Costco opening. The food wholesaler has a location on Gemini Parkway at Polaris as well.

Easton expands to the corner of I-270 and Morse with the new 54-acre Easton Gateway. Easton...

Feds in NY shut down underground drugs website

NEW YORK (AP) - A hidden website operated by a San Francisco man using an alias from "The Princess Bride" became a vast black market bazaar that brokered more than $1 billion in transactions for illegal drugs and services, according to court papers made public on Wednesday in New York.

Penske inks Keselowski, Miller Lite through '17

CHARLOTTE, N.C. (AP) - It took 22 years for Miller Lite to make it to the top of NASCAR, and Brad Keselowski made it worth the wait when he cheerfully chugged the beer from on oversized glass during a live televised interview while celebrating his first Sprint Cup championship last November.

Shutdown leaves Wall Street 'flying blind'

NEW YORK - The partial shutdown of the federal government has brought to a near-halt the flow of real-time statistical information about the economy needed by financial markets.

BC-Merc Table

CHICAGO (AP) - Futures trading on the Chicago Mercantile Exchange Wed:

BC-Wheat KX

KANSAS CITY (AP) - Wheat futures on the Kansas City Board of Trade Wed:

BC-PLATINUM

NEW YORK (AP) - Futures trading on the New York Mercantile Exchange Wed:

BC-OILS

NEW YORK (AP) - Futures trading on the New York Mercantile Exchange Wednesday:

Review-Journal parent execs seek out from Sun case

LAS VEGAS (AP) - The corporate owners of the Las Vegas Review-Journal want a federal judge to drop two top executives from a lawsuit by the editor-publisher of the rival Las Vegas Sun that aims to block buyout attempts.

Dell jumps back into tablet computer market

AUSTIN, Texas -- Dell Inc. has been playing around with mobile devices for more than three years now, but now it finally looks to be making a serious entry into that market.

Burlington Stores shares climb in market debut

BURLINGTON, N.J. (AP) - Shares of Burlington Stores Inc. soared in their trading debut Wednesday, underscoring investors' appetite for a stake in retailers who sell popular brands at deep discounts.

Private sector added disappointing 166,000 jobs in September

WASHINGTON - The private sector added a disappointing 166,000 net new jobs last month and significantly revised down its estimate for August in a sign that labor market growth weakened through the summer, payroll processing firm ADP said Wednesday.

Expert: Mark Cuban not barred from selling shares

DALLAS (AP) - A financial expert is telling jurors in Mark Cuban's insider-trading trial that he talked to the billionaire about a transaction that would lower the value of one of his stock holdings.

Feds: Court shouldn't disclose surveillance

WASHINGTON (AP) - The government says a federal court should not permit communications providers to reveal how often they are ordered to turn over information about their customers in national security investigations.

Spain's jobless up again after 6 months of falls

MADRID (AP) - The number of people registered as unemployed in Spain rose by 25,572 in September, bringing an end to a six-month streak of gradual declines, the country's Labor Ministry said Wednesday.

Oracle defends CEO's pay amid shareholder unrest

SAN FRANCISCO (AP) - Oracle is trying to ward off a shareholder rebellion against policies that have consistently made its billionaire co-founder, Larry Ellison, one of the best-paid CEOs in the world.

BP executive: Well could have been sealed sooner

NEW ORLEANS (AP) - BP could have ended its massive oil spill in the Gulf of Mexico sooner if it had built a capping stack before the 2010 blowout of its well off the coast of Louisiana, a company executive said under cross-examination Wednesday at a trial over the deadly disaster.

Soil and water conservation district meeting

The October board meeting of the Athens Soil and Water Conservation District will be held on Wednesday beginning at 3 p.m. in the Ag-Natural Resource Service Center, 69 S. Plains Road, The Plains. Those planning to attend should call 797-9686.

Cinemark to renovate south Dayton theater

The Rave Cinemas Dayton South 16 theater in West Carrollton will boast the region's only Cinemark XD auditorium following a renovation announced by owner Cinemark Holdings Inc.

Health care Q&A for small business employees

NEW YORK (AP) - If you're one of the nearly 60 million people in the U.S. who work at small businesses, the nation's new health care law likely will affect you in some way. Starting this week, public exchanges, or marketplaces, are opening up in each state to sell health insurance.

APNewsBreak: Enterprise Holdings to hire 11,000

ST. LOUIS (AP) - Enterprise Holdings, the nation's largest rental car company, plans to hire 11,000 new full-time workers by the middle of next year, the company told The Associated Press on Wednesday.

Ferry rail crossing becomes exempt

MARTINS FERRY - Drivers who travel Ohio 7 will no longer have to stop at the railroad crossing that stretches across that roadway in Martins Ferry.

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