Columbus CEO Archives

May 2014 Edition

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US to build 2 gasoline reserves in Northeast

NEW YORK (AP) - The federal government offered New Yorkers smarting from Superstorm Sandy some hope Friday that they won't see a repeat of chronic gasoline shortages, announcing plans to create gas reserves to ease future weather-related disruptions.

APNewsBreak: Feds reject LSU hospital deals

BATON ROUGE, La. (AP) - Federal officials have rejected financing plans by Louisiana Gov. Bobby Jindal's administration for privatization deals involving six state-run hospitals.

A tale of 2 US employment surveys, at a glance

The U.S. economy added a whopping 288,000 jobs in April, the biggest monthly gain in more than two years. And the unemployment rate fell to a 5 year low of 6.3 percent from 6.7 percent.

How the Dow Jones industrial average did Friday

Stocks fell Friday as a surprisingly strong report on job gains failed to impress investors. Corporate earnings reports were mixed and news of fighting in eastern Ukraine weighed on stocks.

Coffee Bean & Tea Leaf founder Herbert Hyman dies

CAMARILLO, Calif. (AP) - Herbert Hyman, who founded The Coffee Bean & Tea Leaf in the 1960s and saw the premium coffee chain grow to hundreds of stores around the world, has died in Southern California. He was 82.

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:

Coffee Bean & Tea Leaf founder Herbert Hyman dies

CAMARILLO, Calif. (AP) - Herbert Hyman, who founded The Coffee Bean & Tea Leaf in the 1960s and saw the chain grow to hundreds of stores around the world, has died in Southern California. He was 82.

Finding new frontiers in mutual fund investing

NEW YORK (AP) - Finding stocks that zig when others zag is a key goal for investors, and mutual fund managers say they're finding candidates in places that may be unfamiliar. They're delving deeper into less-developed economies, buying stock in Nigerian breweries, banks in Kazakhstan and cement companies in Colombia.

April job gains broad across US industries

U.S. employers added 288,000 jobs in April as hiring occurred at its strongest pace since January 2012. Almost every industry stepped up hiring, according to the Labor Department's monthly employment report.

Congressman wants airport security improvements

SAN JOSE, Calif. (AP) - California Congressman Eric Swalwell says a teen stowaway who flew to Hawaii in a jet wheel well should never have been able to climb the San Jose International Airport fence undetected.

Drones, cufflinks: Q&A with Etsy's Chad Dickerson

NEW YORK (AP) - There's a lot to browse on Etsy. Check out the $2.50 earrings made from the feathers of a "quail raised with love" on a Colorado farm. Or take a look at the $30,000 pub-style bar made to order from pine and cherry.

Pope backs his new Vatican economy czar

VATICAN CITY (AP) - Pope Francis on Friday publicly backed his new economy czar, who is overhauling the Vatican's administration amid grumblings from some Holy See bureaucrats about a perceived abrasive and secretive style.

Recalls this week: Children's lamps, jackets

IKEA is expanding its recall of children's lamps to include more than 30 million worldwide because they pose a strangulation hazard to babies. Other consumer products being recalled this week include portable chargers that can overheat and dehumidifiers that can short-circuit.

Swiss finance chief meeting US attorney general

WASHINGTON (AP) - Attorney General Eric Holder was meeting in Washington Friday with Swiss finance minister Eveline Widmer-Schlumpf amid an ongoing investigation into Credit Suisse Group.

Alaska troopers killed had been on TV police show

ANCHORAGE, Alaska (AP) - The National Geographic Channel says two Alaska State Troopers who were shot and killed in a remote village had been featured on a show about patrolling the state's wild terrain, but they were not filming at the time of their deaths.

Obama praises jobs growth, says more work remains

WASHINGTON (AP) - President Barack Obama hails April jobs growth but says Congress must still do more to help American workers, including raising the minimum wage and creating more construction jobs by approving public works projects.

Stocks flat following mixed earnings, more hiring

NEW YORK (AP) - Stocks are little changed in midday trading as investors' enthusiasm about a surge in U.S. hiring last month was held back by mixed earnings news and a flare-up in tensions in Ukraine.

AP-USDA-Eastern Cornbelt Hog Report

LMHG209
Des Moines, Iowa Fri, May 02, 2014 USDA Market News
EASTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Friday, May 2, 2014 (As of 9:30 AM)
CURRENT VOLUME BY PURCHASE TYPE
BARROWS & GILTS LIVE AND CARCASS BASIS
Estimated Actual...

US to build 2 gasoline reserves in Northeast

WASHINGTON (AP) - The government is establishing its first emergency reserves of gasoline to address future fuel disruptions in the New York City area and New England like those caused by Superstorm Sandy in 2012, the Energy Department announced Friday.

AP-USDA-Midwest Regional Eggs

NWPY018
Des Moines, IA Fri. May 02, 2014 USDA Market News
SHELL EGGS: Daily Midwest Regional Eggs
Midwest delivered asking prices for next week are 1 cent higher for Medium
with prices for all other sizes unchanged. Daily producer prices are 1 cent
higher on Medium. The undertone is steady to higher. Retail and...

Eurozone jobless down again in March

LONDON (AP) - Further evidence emerged Friday to show that unemployment across the 18-country eurozone is falling on a consistent basis and that the region's recovery is on a sounder footing.

Cyprus lifts almost all domestic capital controls

NICOSIA, Cyprus (AP) - Cyprus has reached another milestone in getting rid of capital controls it put in place after being bailed out last year, saying all domestic controls have been lifted except the opening of new bank accounts.

US stocks edge higher as unemployment rate drops

NEW YORK (AP) - U.S. stocks are inching higher in early trading Friday after the government reported that employers added more jobs than expected in April and the unemployment rate hit its lowest level in five years. Several companies fell after reporting mixed earnings for the latest quarter.

US factory orders increase 1.1 percent in March

WASHINGTON (AP) - Orders to U.S. factories advanced strongly for a second month in March while demand in a key category that signals business investment plans increased by the largest amount in more than a year.

EU, Ukraine, Russia to hold gas price talks

WARSAW, Poland (AP) - The European Union energy commissioner says the bloc will hold gas price talks this month with Russia and Ukraine in an effort to avoid the disruption of deliveries.

Cardinal's bottom line hit by lost Walgreen contract

The absence of its $22 billion-a-year contract with Walgreen was evident in Cardinal Health's sales and earnings report yesterday, but company officials remain optimistic that its plans to diversify are beginning to pay off. Revenue at the Dublin-based pharmaceutical and medical-supply company was $21.4 billion for its third fiscal quarter, a 13 percent drop from the previous year.

US stock futures rise as unemployment rate drops

NEW YORK (AP) - U.S. stock futures are up slightly after the U.S. unemployment rate hit its lowest level in more than five years. The government reported the unemployment rate sank to 6.3 percent.

Apple, Samsung jury deliberating

SAN JOSE, Calif. (AP) - A California jury will enter another day of deliberations Friday in an effort to reach a verdict on a legal fight between Apple and Samsung over smartphone technology.

CVS Caremark 1Q profit jumps 18 percent

WOONSOCKET, R.I. (AP) - CVS Caremark says its first-quarter earnings jumped 18 percent as generic drugs and an acquisition helped the drugstore and pharmacy benefits manager weather rough winter storms and a later Easter holiday.

CVS Caremark 1Q profit jumps 18 percent

WOONSOCKET, R.I. (AP) - CVS Caremark says its first-quarter earnings jumped 18 percent as generic drugs and an acquisition helped the drugstore and pharmacy benefits manager weather rough winter storms and a later Easter holiday.

Royal Bank of Scotland profits triple

LONDON (AP) - Royal Bank of Scotland's first-quarter profit more than tripled as the one-time global powerhouse benefited from efforts to transform itself into a smaller institution focused on Britain.

Eurozone jobless down again in March

BRUSSELS (AP) - Official figures show that unemployment across the 18-country eurozone is falling as the region continues to recover from its longest-ever recession.

Pfizer sweetens bid for AstraZeneca

LONDON (AP) - Drug maker Pfizer sweetened its takeover offer for U.K.-based AstraZeneca on Friday and outlined measures it hopes will ease British government concerns over the deal.

White House seeks stronger privacy laws for data

WASHINGTON (AP) - The White House is asking Congress to pass new privacy laws that would add more safeguards for Americans' data and provide more protections for emails sought in the course of a law enforcement investigation.

Pfizer sweetens bid for AstraZeneca

LONDON (AP) - Pfizer Inc. has sweetened its offer for AstraZeneca PLC and outlined measures it hopes will ease British government concerns over the takeover.

Police use new tool to source crowds for evidence

LOS ANGELES (AP) - Authorities are employing a new crowdsourcing tool to help with a Southern California investigation into an annual party gone awry last month that left dozens of people injured including several police officers.

Apple, Samsung jury deliberating

SAN JOSE, Calif. (AP) - A California jury will enter another day of deliberations Friday in an effort to reach a verdict on a legal fight between Apple and Samsung over smartphone technology.

Police use new tool to source crowds for evidence

LOS ANGELES (AP) - Authorities are employing a new crowdsourcing tool to help with a Southern California investigation into an annual party gone awry last month that left dozens of people injured including several police officers.

St. Louis trial highlights gender bias in pay

ST. LOUIS (AP) - From male-only corporate jets to guys' golf outings and hunting trips, Francine Katz says her time in the Anheuser-Busch executive suite was rife with exclusion, intentional slights and outright discrimination. But it wasn't until the King of Beers' 2008 sale to Belgian brewer InBev in a hostile takeover that she realized the boy's club atmosphere was costing her millions in salary and bonuses.

Group sues San Francisco to stop company shuttles

SAN FRANCISCO (AP) - A group of transportation activists have filed a lawsuit against the city of San Francisco seeking to block commuter shuttles from using Municipal Railway bus stops, a practice that has sparked protests by local residents.

LinkedIn posts 1Q loss as execs focus on long term

SAN FRANCISCO (AP) - LinkedIn began the year with its largest quarterly loss since going public as the online professional networking service ramped up its investments in projects aimed at attracting more users on the lookout for better jobs and career advice.

Apple v. Samsung: Jurors end day without verdict

SAN JOSE, Calif. (AP) - California jurors have ended the day without reaching a verdict and will continue deliberating in a legal fight between Apple and Samsung over smartphone technology.

LinkedIn post 1Q loss as execs focus on long term

SAN FRANCISCO (AP) - LinkedIn began the year with its largest quarterly loss since going public as the online professional networking service ramped up its investments in projects aimed at attracting more users on the lookout for better jobs and career advice.

News Summary: April auto sales rise 8 percent

HIBERNATION ENDS: U.S. auto sales rose 8 percent in April as warmer temperatures and sunshine brought hibernating consumers into showrooms. Sales picked up to just under 1.4 million cars and trucks. It was the best April since 2005.

GM recalling 50,000 Cadillac SUVs

DETROIT (AP) - General Motors is recalling more than 50,000 luxury SUVs to fix a computer error that can delay acceleration for three or four seconds.

Lawsuit seeks access to more secret court opinions

WASHINGTON (AP) - The Obama administration has failed to turn over documents under public-records requests detailing still-secret court orders about the scope and legality of National Security Agency surveillance, according to a lawsuit filed Thursday in federal court.

Biographical details of Ford's new CEO

Ford Motor Co. said Thursday that company veteran Mark Fields will become CEO on July 1, replacing retiring CEO Alan Mulally. Here are some details about Fields.

MGM, AEG break ground on Las Vegas Strip arena

LAS VEGAS (AP) - Officials have broken ground on a 20,000-seat arena along the Las Vegas Strip that's expected to improve the city's chances of attracting professional sports teams.

Seattle mayor proposes phased-in $15 minimum wage

SEATTLE (AP) - Seattle Mayor Ed Murray on Thursday proposed a phased-in increase of the city's minimum wage to $15 an hour over the next seven years - a compromise endorsed by both business and labor.

Health law: 8 million chose new plan under law

Blue or red, a majority of states have exceeded their health care sign-up targets under President Barack Obama's law - something that would have been hard to imagine after last fall's botched rollout of insurance markets.

Small business hiring streak at 7 months

HIRING STREAK: Small business owners increased their payrolls for a seventh straight month during April, according to a survey by the National Federation of Independent Business. The survey of nearly 1,700 NFIB members showed they added an average of 0.07 workers per business last month. That's down from 0.11 in March. Still, it's the longest hiring streak since 2006, before the recession.

NYSE, 3 affiliates paying $4.5M penalty

WASHINGTON (AP) - The New York Stock Exchange and three affiliates have agreed to pay a $4.5 million penalty to settle federal regulators' charges that they repeatedly violated rules governing the handling of orders and other practices.

Oil-train wreck brings demands for more regulation

LYNCHBURG, Va. (AP) - The latest in a string of fiery oil-train wrecks brought renewed demands Thursday that the Obama administration quickly tighten regulations governing the burgeoning practice of transporting highly combustible crude by rail.

California girl, 12, among youngest yogis in US

ENCINITAS, Calif. (AP) - Jaysea DeVoe, a popular Southern California yoga instructor who leads a weekly class through the lion, monkey, upward-facing dog and other poses, has three years of experience - and she's only 12 years old.

Man charged in Washington bomb plot dead in cell

SEATAC, Washington (AP) - A Washington state man charged this week with plotting to blow up a Wal-Mart and two gas stations as a diversion for a robbery spree has been found dead in his cell.

Young EU members celebrate decade in rich club

WARSAW, Poland (AP) - It has been a time of monumental change for several former Soviet satellite states that joined the European Union 10 years ago: open markets and the free movement of people has spurred economic growth that at times dwarfed worldwide trends. The goods they produced reached millions of new consumers. But it also left some feeling they threw away the yoke of an overbearing Moscow for an unaccountable Brussels.

White House calls for more privacy laws

WASHINGTON (AP) - The White House is calling for Congress to pass new privacy laws that would add more safeguards for Americans' data and provide more protections for emails sought in the course of a law enforcement investigation.

Murray Energy sues Labor Dept over coal dust rule

WASHINGTON (AP) - An Ohio-based coal operator is suing the Obama administration, claiming that new federal regulations to cut the amount of coal dust in coal mines are overly burdensome and costly to industry.

Tribe, Robert Redford group OK wild horses plan

FLAGSTAFF, Ariz. (AP) - The Navajo Nation and a group founded by former New Mexico Gov. Bill Richardson and actor Robert Redford have agreed on a plan to manage thousands of wild horses on the reservation.

NYSE, 3 affiliates paying $4.5M penalty

WASHINGTON (AP) - The New York Stock Exchange and three affiliates have agreed to pay a $4.5 million penalty to settle federal regulators' charges that they repeatedly violated rules governing the handling of orders and other practices.

Bipartisan bill approves pipeline construction

WASHINGTON (AP) - Senate supporters of the long-delayed Keystone XL pipeline have introduced legislation authorizing its immediate construction and say they expect the measure will come to a vote in the coming days.

UK judge halts fraud case in dispute over lawyers

LONDON (AP) - A British judge halted a complex fraud case Thursday because the five defendants couldn't find qualified lawyers willing to represent them under new rates offered by the government for legal aid.

Microsoft releases security update for Explorer

LOS ANGELES (AP) - Microsoft is releasing a security update for Internet Explorer that closes a gap that allowed attackers to take complete control of a computer. It also issued the update to Windows XP users, despite dropping support for the older operating system last month.

Bipartisan bill approves pipeline construction

WASHINGTON (AP) - Senate supporters of the long-delayed Keystone XL pipeline have introduced legislation authorizing its immediate construction and say they expect the measure will come to a vote in the coming days.

Young EU members celebrate decade in rich club

WARSAW, Poland (AP) - For elevator engineer Leonard Kukiel, Poland's entry into the European Union helped him get a good job and improved the roads and railways in his country. For former Czech President Vaclav Klaus, the 28-member European bloc is anti-democratic.

NYC, teachers work on deal that could be template

NEW YORK (AP) - Negotiations between New York City and the union that represents teachers in the nation's largest public school district returned to the bargaining table Thursday with hopes of hammering out a new contract.

AP-USDA-Eastern Cornbelt Hog Report,304

LMHG209
Des Moines, Iowa Thu, May 01, 2014 USDA Market News
EASTERN CORNBELT DAILY DIRECT MORNING HOG REPORT BASED ON STATE OF ORIGIN
PLANT DELIVERED PURCHASE DATA FOR Thursday, May 1, 2014 (As of 9:30 AM)
CURRENT VOLUME BY PURCHASE TYPE
BARROWS & GILTS LIVE AND CARCASS BASIS
Estimated Actual...

Internet giants eye cheerleader's defamation suit

CINCINNATI (AP) - An appeals court is considering whether an Arizona-based gossip website should have been allowed to be sued for defamation by a former Cincinnati Bengals cheerleader convicted of having sex with a teenager.

AP-USDA-Midwest Regional Eggs

NWPY018
Des Moines, IA Thu. May 01, 2014 USDA Market News
SHELL EGGS: Daily Midwest Regional Eggs
Daily producer prices are steady. Midwest delivered prices are steady. The
undertone is steady. Retail and food service demand is light to moderate at
best. Export demand into Mexico has improved. Offerings and supplies...

Avon to pay $135 M to settle bribery charges

NEW YORK (AP) - Avon Products Inc. will pay $135 million to settle a long-standing U.S. government probe into whether the cosmetics company paid bribes in China and other countries to gain favors.

FDA approves first-of-a-kind sleep apnea implant

WASHINGTON (AP) - Sleep deprived Americans have a new option to address hard-to-treat nighttime breathing problems: a first-of-kind device that keeps airways open by zapping them with an electrical current

Central Ohio facility to be Google Glass hub

Central Ohio is playing a major role as Google Glass, the wearable computer, is made available to more people. That's because VSP, part of the vision-care group VSP Global, is planning to make its operation on the South Side near Lockbourne a major hub for adding prescription lenses to Google Glasses.

Columbus exports are lagging other cities'

Columbus has some catching up to do if it wants to export as much as other big cities in Ohio. A report released yesterday by the economic-development group Columbus 2020 finds that the region's exports as a share of the local economy lag most of Ohio's other big cities and several in surrounding states as well.

Avon to pay $135M to settle bribery charges

NEW YORK (AP) - Avon Products Inc. says it will pay $135 million in fines and other fees to settle a long-standing U.S. government probe into whether the cosmetics company paid bribes in China and other countries to gain favors.

Yellen says Fed seeks to avoid undue regulations

WASHINGTON (AP) - As the Federal Reserve works to ensure that the nation's largest banks pose no undue threats to the financial system, it will avoid imposing unnecessary rules on small banks, Fed Chair Janet Yellen said Thursday.

US stock futures mixed; jobless claims rise

NEW YORK (AP) - U.S. stock futures were mixed on Thursday after the number of Americans applying for unemployment benefits rose last week to the highest level since February.

US applications for unemployment hit 2-month high

WASHINGTON (AP) - The number of Americans applying for unemployment benefits rose last week to the highest level since February, more disappointing news for an economy that is supposed to be gaining momentum.

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