Columbus CEO Archives

March 2014 Edition

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California governor unsure legal pot is good plan

SAN FRANCISCO (AP) - California Gov. Jerry Brown said he is not sure legalizing marijuana is a good idea in his state because the country could lose its competitive edge if too many people are getting stoned.

Pipeline protesters arrested at White House

WASHINGTON (AP) - Police are arresting a couple hundred people who strapped themselves to the White House fence on Sunday to protest the proposed Keystone XL oil pipeline.

NY, Conn. up heat help in food stamp cut end-run

HARTFORD, Conn. (AP) - Connecticut and New York are boosting spending in federal heating assistance to preserve far greater food stamp money in an end-run around federal budget cuts central to a massive farm bill.

Correction: Republicans-Health Care story

WASHINGTON (AP) - In a story Feb. 28 about health care, The Associated Press incorrectly identified Rep. Cathy McMorris Rodgers as vice chairman of the Republican Conference. She is the chairman of the conference.

Correction: Republicans-Health Care story

WASHINGTON (AP) - In a story Feb. 28 about health care, The Associated Press incorrectly identified Rep. Cathy McMorris Rodgers as vice chairman of the Republican Conference. She is the chairman of the conference.

Report: Tenn. offered contingent incentives to VW

NASHVILLE, Tenn. (AP) - Tennessee's incentive offer to Volkswagen was made contingent on the labor situation at the German automaker's plant in Chattanooga developing to the "satisfaction" of Republican Gov. Bill Haslam's administration, according to documents obtained by WTVF-TV in Nashville.

Report: Tenn. offered contingent incentives to VW

NASHVILLE, Tenn. (AP) - Tennessee's incentive offer to Volkswagen was made contingent on the labor situation at the German automaker's plant in Chattanooga developing to the "satisfaction" of Republican Gov. Bill Haslam's administration, according to documents obtained by WTVF-TV in Nashville.

Report: Tenn. offered contingent incentives to VW

NASHVILLE, Tenn. (AP) - Documents obtained by WTVF-TV in Nashville show that Republican Gov. Bill Haslam's administration made an incentive offer to Volkswagen contingent on labor talks at the plant "being concluded to the satisfaction of the State of Tennessee."

Japan lab says stem cell research data falsified

TOKYO (AP) - A Japanese government-funded laboratory says it has found data in a widely heralded stem-cell research paper was falsified, holding one researcher responsible for the fabrication.

China factory data adds to slowdown signs

HONG KONG (AP) - An official measure of Chinese factory activity barely budged last month while a private survey found manufacturing deteriorated in the first quarter, adding to signs the world's No. 2 economy is slowing.

Dating site protests anti-gay-marriage contributor

SAN JOSE, Calif. (AP) - An online dating service is encouraging its users to stop using the Firefox web browser because the new CEO of the company that makes it supported California's former gay marriage ban.

NHTSA to require rearview cameras in new vehicles

WASHINGTON (AP) - Years late, the Transportation Department issued a rule Monday that will require rearview technology in all new cars and many light trucks - an effort to reduce deaths and serious injuries caused by backup accidents.

Macy's shopper cleared of arrest she said wrongful

NEW YORK (AP) - A defense lawyer says a Venezuelan tourist has been acquitted of shoplifting at Macy's in one of several cases of shoppers saying they were wrongly accused of stealing at major New York City stores.

Hobie Alter, who revolutionized surfing, dies

LOS ANGELES (AP) - Two words - surfboards and Hobie - were all but synonymous in the early 1960s, when teenagers who saw movies such as "Gidget" and "Beach Party" rushed to the shores of Southern California to try a mesmerizing new water sport.

Obama to push minimum wage Wednesday in Conn.

WASHINGTON (AP) - Striving to show momentum on a top legislative priority, President Barack Obama is appearing next week with Northeastern governors who back his push to raise the federal minimum wage to $10.10 an hour and will pledge to lift the earnings of the lowest-paid workers in their states to at least the same level.

Buffett speaks: Highlights from his annual letter

OMAHA, Neb. (AP) - Investors eagerly await Warren Buffett's letter to Berkshire Hathaway Inc. shareholders each year for its plain-spoken insight into the billionaire's financial strategy and economic predictions. Buffett had plenty of good news to discuss Saturday as he recounted the performance of his Omaha, Neb., based company with humor and wit. He also dispensed some investing advice.

Cummins recalling 25,013 engines over fire risk

NEW YORK (AP) - Engine maker Cummins Inc. and its joint venture Cummins Westport Inc. are recalling 25,013 engines because cold weather could cause a sensor to fail, resulting in an exhaust fire.

NYC eyes plans to prod taxis to take it slower

NEW YORK (AP) - Perpetually rushed New Yorkers have been telling cabbies to "step on it" for as long as there have been taxis, but the city wants to brake that hurry-up habit, in part by attacking the financial incentive to speed.

Buffett posts record profit but loses again to S&P

OMAHA, Neb. (AP) - Warren Buffett's Berkshire Hathaway reeled in record profits in 2013 as its wide-ranging businesses capitalized on the improving U.S. economy, though its performance again failed to keep pace with the surging S&P 500.

Berkshire Hathaway's 4Q profit up 10 percent

OMAHA, Neb. (AP) - Warren Buffett's company says fourth-quarter earnings rose 10 percent to nearly $5 billion as its insurance, rail and energy businesses generated major profit gains.

Odd couple at center of Russian helicopter inquiry

WASHINGTON (AP) - The ties between a former Army colonel and a Russian entrepreneur are at the heart of a criminal investigation into a program that supplies American allies with Russian helicopters.

Arnold Sports Festival

Since 1988, bodybuilders and gym buffs have flocked to Columbus for Arnold Schwarzenegger's signature event.

Can we talk?

Working with ADR professionals to resolve legal disputes saves time, money and relationships.

Notaries on call with Signature Closers

A creative approach to a summer job and teaming up with the right partner has helped Mark Fleming Jr. build a notary-support company with clients across the country.

Gardening app makes growing simple

Sprout it, a gardening app launched by a group of Columbus entrepreneurs, aims to take the guesswork out of growing by boosting users' knowledge and confidence.

Q&A: Andrew Thomas, MD

The Wexner Center's new chief medical officer talks about work-life balance, collaborating with Columbus's hospital executives and how a business education turns doctors into leaders.

You are being watched

This waterproof gadget measures, graphs, then sends to your phone all of your pooch's activities.

Hub sweet spot

Investments in roads and rail keep Columbus a top cargo hub and attract more business.

Back in business

Columbus CEO's new editor, Mary Yost, introduces herself and the March issue

US regulators close 2 small lenders

WASHINGTON (AP) - Regulators have closed small lenders in Virginia and Pennsylvania, bringing U.S. bank failures this year to five after 24 closures in 2013.

BC-SUNBIZ-BUDGET-NYT

The New York Times News Service will move the following business features and commentary for release Sunday, March 2. If you have questions about stories, call 888-346-9867 or 212-556-1927. For questions about photos, call 888-603-1036 or 212-556-4204. To reach the New York Times News Service, phone 888-346-9867 or 212-556-1927. You can also follow the News Service on Twitter: @NYTNewsService.

BP loses effort to see documents in claims probe

NEW ORLEANS (AP) - BP is not entitled to see confidential documents used by a court-appointed investigator who has alleged that some attorneys acted improperly in the claims process arising from the 2010 Gulf oil spill, a federal judge ruled Friday.

BP loses effort to see documents in claims probe

NEW ORLEANS (AP) - A federal judge has ruled that BP is not entitled to see confidential documents used by a court-appointed investigator who has alleged that some attorneys acted improperly in the claims process arising from the 2010 Gulf oil spill.

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:

JPMorgan Chase class-action settlement is approved

ALBANY, N.Y. (AP) - A federal judge approved a settlement Friday of a class-action lawsuit against JPMorgan Chase for its force-placed insurance practices, an agreement that could pay more than $300 million to about 750,000 mortgage borrowers.

JPMorgan Chase class-action settlement is approved

ALBANY, N.Y. (AP) - A federal judge has approved settlement of a class-action lawsuit against JPMorgan Chase for its force-placed insurance practices, an agreement that could pay more than $300 million to about 750,000 mortgage borrowers.

Sands: Some customer data was stolen in hacking

LAS VEGAS (AP) - Computer hackers stole some Las Vegas Sands customers' Social Security and driver's license numbers during a data breach earlier this month, the casino company said Friday.

Stocks stumble, then mostly recover in late trade

NEW YORK (AP) - Stocks were mostly higher in late trading Friday as the market mostly recovered from an afternoon stumble. The Standard & Poor's 500 index edged further into record territory, but weakness in technology stocks held back the Nasdaq composite.

House GOP discuss health care alternative

WASHINGTON (AP) - House Republican leaders took a small step on Friday toward pulling together a viable alternative to President Barack Obama's four-year-old health care law but faced deep divisions over whether the GOP caucus can coalesce around a comprehensive proposal.

Recalls this week: Inline skates, heated gloves

A line of Rollerblade inline skates is being recalled because the boot can separate from the skate frame during use. Other recalled consumer products include garage door openers and heated gloves that both pose fire hazards.

Apple's Cook tries to tantalize shareholders

CUPERTINO, Calif. (AP) - Apple CEO Tim Cook is still trying to convince shareholders that the iPhone maker remains a step ahead in the race to innovate, even though recent performance of the company's stock lags behind other technology trendsetters.

US rig count down 2 to 1,769

HOUSTON (AP) - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. decreased by two this week to 1,769.

Ukraine airline says Crimea airspace closed

KIEV, Ukraine (AP) - Ukraine International Airlines says it has canceled flights to and from the regional capital of Crimea due to the closure of the airspace over the peninsula.

Retailer: Rival CEO posed as exec to get secrets

TRENTON, N.J. (AP) - The CEO of a sporting goods chain who once appeared on the TV show "Undercover Boss" pretended to be an executive from a rival company in an effort to get confidential information, according to a lawsuit.

GrubHub orders up an IPO

CHICAGO (AP) - Online delivery company GrubHub plans to raise up to $100 million through an initial public offering.

Winter-weary Americans plead: Get me out of here

CHICAGO (AP) - Shannon Frauenholtz has had it with winter. Barely able to stomach the television news with its images of snowbound cars, she heads to the tanning salon, closes her eyes and imagines she's back in Mexico, where she's already vacationed once this winter.

GrubHub orders up an IPO

CHICAGO (AP) - Online delivery company GrubHub plans to raise up to $100 million through an initial public offering of its common stock.

USDA adds foods to moms and kids food program

WASHINGTON (AP) - Pregnant women and mothers who get federal assistance with their grocery bills will now be able to buy more whole-grain foods, yogurt, fish, fruits and vegetables.

AP-USDA-Eastern Cornbelt Hog Report

LMHG209
Des Moines, Iowa Fri, Feb 28, 2014 USDA Market News
EASTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, February 28, 2014 (As of 9:30 AM)
CURRENT VOLUME BY PURCHASE TYPE
BARROWS & GILTS LIVE AND CARCASS BASIS
Estimated Actual...

BC-USDA-Midwest Regional Eggs

NWPY018
Des Moines, IA Fri. Feb 28, 2014 USDA Market News
SHELL EGGS: Daily Midwest Regional Eggs
Midwest delivered asking prices for next week are 15 cents lower for Extra
Large and Large, and 10 cents lower for Medium. Daily producer prices are 5
cents lower for Large and 4 cents lower for Medium. The undertone is...

As NC debates, other states empty coal ash dumps

MONCKS CORNER, S.C. (AP) - Inside pits containing 1.7 million tons of coal ash at the Jefferies Generating Station, the hydraulic arm of a big orange excavator scooped up the toxic gray sludge and dropped it into the back of a dump truck.

EPA starts process that could restrict Pebble Mine

JUNEAU, Alaska (AP) - The U.S. Environmental Protection Agency is taking the first steps toward possibly restricting or even prohibiting development of a massive gold-and-copper prospect near the headwaters of a world-premier sockeye salmon fishery in southwest Alaska.

Covelli donates $9,000 to Nationwide Children's Hospital

At a ribbon cutting this morning held at the new German Village Panera Bread, Covelli Enterprises announced a $9,000 donation to Nationwide Children's Hospital. From this morning's announcement:

Ohio-based Covelli Enterprises, the largest franchisee of Panera Bread, donated...

L Brands decides against opening La Senza stores in U.S. this year

L Brands has put on hold plans to open as many as six La Senza stores in the United States this year. The Columbus-based retailer, parent of chains including Victoria's Secret and Bath & Body Works, bought the Canadian retailer in 2006. Since then, La Senza has been overhauled and many locations were closed.

Stock futures fall on 4Q GDP report

NEW YORK (AP) - Stock futures were pointing to a lower open on Friday, following a report that showed the U.S. economy grew at a slower-than-expected pace in the last three months of 2013.

Gadget Watch: Fastlane in Nokia X shows promise

BARCELONA, Spain (AP) - By design, Nokia's new Android smartphones will underwhelm users of high-end phones. The Nokia X line was created with emerging markets in mind, so the company emphasized keeping prices low, meaning the user interface is relatively simple.

Swiss, Austrians move to block Yanukovych assets

GENEVA (AP) - Authorities in Switzerland and Austria moved Friday to block any assets that Ukraine's fugitive president Viktor Yanukovych and his son Aleksander, might have hidden in the Alpine nations, while the Swiss launched a corruption investigation against them.

Protesters scuffle with riot police in Athens

ATHENS, Greece (AP) - Scuffles broke out Friday between demonstrators and police outside the finance ministry in central Athens, as Greece's international debt inspectors met with ministers to discuss the pace of reforms.

No sign of expansion at plant where UAW dealt loss

NASHVILLE, Tenn. (AP) - Friday marks the end of the two-week period within which U.S. Sen. Bob Corker promised Volkswagen would announce another line at its factory in Tennessee if workers rejected representation by the United Auto Workers union.

US economy expanded at 2.4 percent in 4th quarter

WASHINGTON (AP) - The U.S. economy grew at a 2.4 percent annual rate in the October-December quarter, significantly slower than first thought, reflecting slower consumer spending than initially estimated.

Analysis: Tesla's risk isn't for every investor

Once upon a time, there was an electric car company whose stock traded at nearly 1,200 times its earnings under generous accounting rules - it actually lost $74 million in 2013 - with a CEO who could sell igloos in a desert.

EU ministers discuss trade deal with Ukraine

ATHENS, Greece (AP) - Ministers from the European Union's Foreign Affairs Council were discussing developments in Ukraine and trade with the United States during an informal meeting on Friday in the Greek capital.

Protesters scuffle with riot police in Athens

ATHENS, Greece (AP) - Scuffles have broken out between demonstrators and police outside the finance ministry in central Athens, as Greece's international debt inspectors met with ministers to discuss the pace of fiscal reforms.

EU ministers discuss trade, Ukraine in Athens

ATHENS, Greece (AP) - Ministers from the European Union's Foreign Affairs Council are holding an informal meeting in Athens that is due to focus on a trade agreement being negotiated between the EU and United States, but is also likely to address the Ukrainian crisis.

Eurozone unemployment, inflation stable

BRUSSELS (AP) - Official data show the unemployment rate for the 18-country eurozone was unchanged in January at a near-record 12 percent and inflation was stable.

Push for Web addresses in era of search, apps

BARCELONA, Spain (AP) - In the early days, you typed in a domain name address to reach a website. Then came the ability to reach websites directly through a search engine. The mobile era brought us phone apps for accessing services without either.

Airline pilot shortage? Not clear, report says

WASHINGTON (AP) - It's not clear there is a shortage of airline pilots even though regional airlines report difficulty over the past year in finding enough pilots to hire, according to a draft report by a government watchdog obtained by The Associated Press.

Anaheim Hotelier: Don't Take 'Family Legacy' for Streetcar

In 1962, Carmen E. Scalzo, a Sicilian immigrant and entrepreneur, built a hotel in south Anaheim across the street from Disneyland, and in the ensuing decades his family's business thrived due largely to its proximity to the world's most famous theme park.

Airline pilot shortage? Not clear, report says

WASHINGTON (AP) - It's not clear there is a shortage of airline pilots even though regional airlines report difficulty over the past year in finding enough pilots to hire, according to a draft report by a government watchdog obtained by The Associated Press.

BBB offers rebate advice

DAYTON - Some shoppers may be enticed by rebates offered by manufacturers on items they're considering purchasing. A rebate is an amount paid by way of reduction, return or refund on what has already been paid or contributed. It's a sales promotion which uses incentives or supplements to help sell an item.

A long clean up battle may be soon over

BEAVERCREEK - The long legal battle over an EPA Superfund site here seems to be moving toward resolution as federal officials announce public hearings on final clean up plans.

Utah governor rejects full Medicaid expansion

SALT LAKE CITY (AP) - Utah's Republican governor announced Thursday he wants to reject a full Medicaid expansion that would enroll more people in the government program, and instead seek federal dollars to cover the poor in private plans.

Gap's 4th-quarter profit down 12.5 percent

NEW YORK (AP) - Gap Inc. reported a 12.5 percent drop in fourth-quarter profit on a 3 percent decline in revenue as the clothing retailer was forced to discount heavily over the holiday shopping season to entice customers.

World Bank delays loan to Uganda over anti-gay law

WASHINGTON (AP) - The World Bank has postponed a $90 million loan to Uganda over its anti-gay law that has drawn widespread criticism from Western governments, the United Nations and rights groups.

A look at key moments in Arizona governor's career

PHOENIX (AP) - As Gov. Jan Brewer approached the podium and read a carefully worded statement on her veto of a bill that would've let businesses refuse service to gays, she found herself in the familiar territory: the national spotlight.

How the Dow Jones industrial average did Thursday

The Standard & Poor's 500 index climbed to an all-time high on Thursday after stocks got a boost from strong earnings from a number of U.S. companies, including the drugmaker Mylan and several retailers. The Dow Jones industrial average also advanced but remains about 2 percent below its record high of 16,576 set Dec. 31.

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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