Columbus CEO Archives

July 2014 Edition

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Venture capitalist snaps up bitcoins worth $19M

SAN FRANCISCO (AP) - Silicon Valley venture capitalist Tim Draper is betting that bitcoins will bring more financial stability to countries with shaky economies, even though the digital currency faces an uncertain future itself.

Amazon vows to fight FTC on kids in-app purchases

LOS ANGELES (AP) - Amazon says it is prepared to go to court against the Federal Trade Commission to defend itself against charges that it has not done enough to prevent children from making unauthorized in-app purchases.

Lawsuit: Afghanistan subcontractor cheated workers

INDIANAPOLIS (AP) - Federal investigators are examining whether a military subcontractor underpaid scores of medical workers in Afghanistan, pocketing federal funds that the government intended the company use to pay its employees.

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:

Obama seeks advice from wide variety of economists

WASHINGTON (AP) - For the second time in three weeks, President Barack Obama on Wednesday invited top economists to a private lunch at the White House, tapping a broad array of ideological views as he seeks to assemble an economic agenda for the remaining 30 months of his presidency.

Obama seeks advice from wide variety of economists

WASHINGTON (AP) - For the second time in three weeks, President Barack Obama on Wednesday invited top economists to a private lunch at the White House, tapping a broad array of ideological views as he seeks to assemble an economic agenda for the remaining 30 months of his presidency.

Missouri city opts not to pay for flood protection

CLARKSVILLE, Mo. (AP) - For years, tiny Clarksville has paid for temporary sandbag walls to protect its quaint business district and historic waterfront homes from Mississippi River flooding. But unwilling to raid its coffers again despite rising water levels, the city has left it to individual merchants and residents to safeguard their property.

Recovery of lost jobs by states, at a glance

WASHINGTON (AP) - The United States in May finally recovered all the jobs lost to the Great Recession. But 32 states still don't have as many jobs as they did when the recession officially began in December 2007. The rankings from best to worst:

Lawsuit: Afghanistan subcontractor cheated workers

INDIANAPOLIS (AP) - Federal investigators are examining whether a military subcontractor underpaid scores of medical workers in Afghanistan, pocketing federal funds that the government intended the company use to pay its employees.

Ruling impact on birth-control coverage mixed

NEW YORK (AP) - Business owners who don't want to pay for their employees' birth control are ending that coverage after the Supreme Court said they could choose on grounds of religious belief not to comply with part of the health care law.

Infosys whistleblower files complaint against firm

The whistleblower who helped trigger a federal investigation into visa practices by the outsourcing firm Infosys has filed a new complaint against the company, saying it continues to retaliate against him.

Missouri city opts not to pay for flood protection

CLARKSVILLE, Mo. (AP) - For years, tiny Clarksville has paid for temporary sandbag walls to protect its quaint business district and historic waterfront homes from Mississippi River flooding. But unwilling to raid its coffers again despite rising water levels, the city has left it to individual merchants and residents to safeguard their property.

Venture capitalist snaps up bitcoins worth $19M

SAN FRANCISCO (AP) - Silicon Valley venture capitalist Tim Draper has snapped up nearly 30,000 bitcoins in a U.S. government auction and now plans to sell the digital currency in countries trying to build stronger economies.

Chinese woman charged in trade secrets theft case

DES MOINES, Iowa (AP) - The wife of a Chinese company's chairman was arrested in California after she was charged in an indictment filed Wednesday in federal court in Des Moines with conspiracy to steal trade secrets from U.S. seed corn companies.

Infosys whistleblower files complaint against firm

The whistleblower who helped trigger a federal investigation into visa practices by the outsourcing firm Infosys has filed a new complaint against the company, saying it continues to retaliate against him.

Groups want to see Montana judge's racist emails

BILLINGS, Mont. (AP) - A group of American Indians wants a court to preserve and eventually release an investigative file containing inappropriate emails sent by a federal judge, including a racist message involving President Barack Obama.

Greece faces power cuts as unions plan strikes

ATHENS, Greece (AP) - Greek authorities warned Wednesday of possible power cuts at the heart of the summer tourist season as electric utility workers head for protracted strikes against government plans to break off and sell part of the country's dominant power producer.

Companies charged in NYC construction safety scam

NEW YORK (AP) - Two construction-safety companies dispatched cooks, hairdressers, bellhops and musicians to sign off as licensed safety experts - one of them dead - on inspections at dozens of Manhattan high-rise sites, authorities said Wednesday.

Gov't: Ruling backs nonprofits' birth control plan

WASHINGTON (AP) - The Obama administration said Wednesday that the Supreme Court's ruling in favor of the religious claims of Hobby Lobby and other for-profit businesses supports the government's position in separate, ongoing disputes with religious-oriented nonprofit organizations.

Gov't: Ruling backs nonprofits' birth control plan

WASHINGTON (AP) - The Obama administration said Wednesday that the Supreme Court's ruling in favor of the religious claims of Hobby Lobby and other for-profit businesses supports the government's position in separate, ongoing disputes with religious-oriented nonprofit organizations.

Ruling won't alter birth-control coverage for many

NEW YORK (AP) - Don't expect a massive wave of companies to stop paying for employees' contraceptives after this week's Supreme Court decision allowing some businesses to refuse to cover birth control.

Ruling won't alter birth-control coverage for many

NEW YORK (AP) - Don't expect a massive wave of companies to stop paying for employees' contraceptives after this week's Supreme Court decision allowing some businesses to refuse to cover birth control.

Groups want emails from reprimanded Montana judge

BILLINGS, Mont. (AP) - A group of American Indians wants a court to preserve and eventually release an investigative file containing inappropriate emails sent by a federal judge, including a racist message involving President Barack Obama.

As House Passes NSA Restrictions, Lawmakers Backed by Defense Industry Log Votes Against Reform

On Thursday, June 19, 2014, the House of Representatives passed an amendment to the defense appropriations bill that would cut off funding to the National Security Agency (NSA) and Central Intelligence Agency (CIA) for installing surveillance "back doors" into software and physical devices. The amendment would also block the NSA and CIA from using funds appropriated by the bill to query intelligence information about U.S. persons without a warrant.

Stocks hold at highs as hiring surges in June

NEW YORK (AP) - Stocks held at record levels Wednesday following a report that business hiring surged in June, a promising sign for economic growth. The report comes a day after news of stronger manufacturing in the U.S. and China helped push the stock market to another all-time high.

Greece faces power cuts as unions plan strikes

ATHENS, Greece (AP) - Greek authorities are warning of possible power cuts at the heart of the summer tourist season as electric utility workers head for protracted strikes against government plans to break off and sell part of the country's dominant power producer.

Judge won't toss charges against P&G protesters

CINCINNATI (AP) - A judge refused to dismiss burglary charges Wednesday against nine Greenpeace activists who staged an eye-catching protest involving a zip-lining tiger at Procter & Gamble's headquarters in downtown Cincinnati.

BC-USDA-Eastern Cornbelt Hog Report

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

Lohan sues over 'Grand Theft Auto V' game

NEW YORK (AP) - Lindsay Lohan is suing the makers of the "Grand Theft Auto" video games. The actress says the latest installment used her image and created a character based on her without her permission.

BC-USDA-Midwest Regional Eggs

NWPY018
Des Moines, IA Wed. Jul 02, 2014 USDA Market News
SHELL EGGS: Daily Midwest Regional Eggs
Daily producer prices are 3 cents higher for Large and Medium. Midwest
delivered prices are steady.The undertone is higher. Retail and food
service demand is fairly good. Offerings are light to moderate.

Lohan sues over 'Grand Theft Auto V' game

NEW YORK (AP) - Lindsay Lohan is suing the makers of the "Grand Theft Auto" video games. The actress says the latest installment used her image and created a character based on her without her permission.

For-profit college co. doesn't seal deal with feds

WASHINGTON (AP) - The troubled for-profit education company Corinthian Colleges Inc. and the Education Department failed to meet a deadline to map out the future of the company's more than 100 campuses, but both sides on Wednesday expressed optimism that a consensus would be reached.

Yellen sees little threat to financial stability

WASHINGTON (AP) - Federal Reserve Chair Janet Yellen says she doesn't see a need for the Fed to start raising interest rates to address the risk that extremely low rates could destabilize the financial system.

For-profit college co. doesn't seal deal with feds

WASHINGTON (AP) - The troubled for-profit education company Corinthian Colleges Inc. and the Education Department have failed to meet a deadline to map out the future of the company's more than 100 campuses. But both sides are expressing optimism that a deal will soon be reached.

Rain on a plane: leak forces flight's turnaround

LOS ANGELES (AP) - Water flowed down the aisles and rained down on passengers of a double-decker Qantas Airways flight bound for Australia after a leak that forced the plane to return to Los Angeles late Tuesday, airline officials and passengers on the flight said.

The connected car? Audi has it in the 2015 A3

After just a few months on the U.S. market, Audi's new, entry luxury 2015 A3 sedan is on track to make the German brand fashionable with a new group of customers - young millenials.

Norwegian firms to build wind farm off UK coast

HELSINKI (AP) - Norwegian energy companies Statoil and Statkraft have announced plans to build a wind farm off the British coast in a 15 billion kroner ($2.4 billion) investment, expected to be completed in 2017.

NASA launches carbon satellite after 2009 failure

VANDENBERG AIR FORCE BASE, Calif. (AP) - A rocket carrying a NASA satellite lit up the pre-dawn skies Wednesday on a mission to track atmospheric carbon dioxide, the chief culprit behind global warming.

Deal creating top German mobile company gets OK

BRUSSELS (AP) - In a deal that creates Germany's biggest mobile phone company in terms of customers, the European Union's antitrust authority on Wednesday approved network operator Telefonica's bid to buy its competitor E-Plus under certain conditions.

Lawsuit: Inmate tried to buy influence in prison

NEW HAVEN, Conn. (AP) - A former driver for an imprisoned hedge-fund founder says he was asked to help funnel money from his former boss to other inmates at a federal prison in Massachusetts.

US stock futures edge up after jobs survey

NEW YORK (AP) - U.S. stock futures are edging up Wednesday following a report that business hiring surged in June, a promising sign for economic growth. The report comes a day after news of stronger manufacturing activity helped push the stock market to another all-time high.

Kroger to buy vitamin seller Vitacost.com

NEW YORK (AP) - Supermarket chain Kroger said Wednesday that it is buying online vitamin seller Vitacost.com Inc. in a deal the company said is valued at $280 million.

Tyson moving forward with Hillshire deal

SPRINGDALE, Ark. (AP) - Tyson Foods Inc. has signed a definitive deal to purchase Hillshire Brands Co. for $7.75 billion, two days after the maker of Jimmy Dean sausages and Ball Park hot dogs was let out of its agreement to buy Pinnacle Foods.

ING's insurance arm begins trading as NN Group

AMSTERDAM (AP) - The insurance arm of Dutch financial firm ING has begun trading as the independent company NN Group, effectively completing ING's split into a bank and an insurance company, as required by EU authorities.

AB InBev buys Czech 'Budweiser' brewer

PRAGUE (AP) - Anheuser-Busch InBev, the world's largest brewer, has acquired a small Czech brewery, Samson, in an effort to strengthen its claim to the trademark name of Budweiser.

German, French defense companies plan alliance

BERLIN (AP) - German defense company Kraus-Maffei Wegmann and France's Nexter Systems have announced plans for an alliance that they say will make it possible to keep jobs and skills in Europe.

EU clears Telefonica's takeover of German E-Plus

BRUSSELS (AP) - The European Union's antitrust authority has approved mobile network operator Telefonica's 8.55 billion-euro ($11.7 billion) bid to buy its competitor E-Plus under certain conditions, creating Germany's biggest mobile phone company in terms of customers.

With Seoul visit, China leader sends message north

SEOUL, South Korea (AP) - Xi Jinping's first visit to the Korean Peninsula as China's president is to Seoul, not Pyongyang, meaning that North Korea's best friend has snubbed it for its most bitter rival. A flurry of recent rocket and missile tests, the latest on Wednesday, has made the North's displeasure crystal clear.

Roche buying Seragon in US for up to $1.7 billion

GENEVA (AP) - Roche Holding AG says its U.S.-based biotech company Genentech has agreed to acquire American biotechnology firm Seragon Pharmaceuticals, Inc. for up to $1.725 billion in cash and contingency payments.

Black farmer head wants part of Indian settlement

HELENA, Mont. (AP) - The president of the National Black Farmers Association says he's being stiffed by the attorneys behind a $3.4 billion government settlement with Native American landowners who asked him to lobby Congress to fund the payout.

New VA secretary nominee not a health care expert

WASHINGTON (AP) - A onetime Army Ranger and former CEO of a Fortune 500 consumer products company, Robert McDonald may face his toughest challenge yet in fixing the huge, scandal-plagued Veterans Affairs Department.

T-Mobile accused of making money off bogus billing

WASHINGTON (AP) - Federal regulators are urging consumers to go through their phone bills line by line after they accused T-Mobile US of wrongly charging customers for premium services, like horoscope texts and quirky ringtones, the customers never authorized.

Dead ahead: A pothole in highway construction aid?

WASHINGTON (AP) - As the summer driving season swings into full gear, states can expect a large pothole in their construction budgets if Congress doesn't reach an agreement quickly on how to pay for federal highway and transit programs, President Barack Obama and his top officials are warning.

NSA's Internet monitoring said to be legal

WASHINGTON (AP) - An independent panel says the National Security Agency's collection of Internet data within the United States passes constitutional muster and employs "reasonable" safeguards designed to protect the rights of Americans.

New VA secretary nominee not a health care expert

WASHINGTON (AP) - Robert McDonald is a onetime Army Ranger and former CEO of consumer products giant Procter & Gamble. Now he may face his toughest challenge yet in fixing the scandal-plagued Veterans Affairs Department.

NSA's Internet monitoring said to be legal

WASHINGTON (AP) - The first time the bipartisan Privacy and Civil Liberties Oversight Board dissected a National Security Agency surveillance program, it found fundamental flaws, arguing in a January report that the NSA's collection of domestic calling records "lacked a viable legal foundation" and should be shut down.

North Korean ship symbolizes hopes for Japan ties

WONSAN, North Korea (AP) - The barbecues are all fired up along the jetty and the beach is dotted with sunbathers. Divers plunge into the water in search of clams, which are dipped in hot sauce and eaten raw right there on the spot. Wonsan, a sleepy port on North Korea's east coast, is gearing up for a busy summer and, if talks with Japan go as North Korea hopes, maybe a return to livelier days.

Privacy board: NSA's Internet monitoring is legal

WASHINGTON (AP) - The National Security Agency programs that collect huge volumes of Internet data within the United States pass constitutional muster and employ "reasonable" safeguards designed to protect the rights of Americans, an independent privacy and civil liberties board has found.

FAA places new restrictions on flights over Iraq

WASHINGTON (AP) - The Federal Aviation Administration is restricting U.S. airlines from flying at or below 30,000 feet over Iraq because of what it calls "the potentially hazardous situation created by the armed conflict" there.

Congress votes final passage on highway bill

WASHINGTON (AP) - Congress gave final approval Thursday to a $10.8 billion bill to keep federal highway funds flowing to states through the summer construction season and the fall elections.

Congress sends VA overhaul to White House

WASHINGTON (AP) - Congress passed a landmark bill Thursday to help veterans avoid long waits for health care and fix other problems at the Department of Veterans Affairs.

WTC steel company CEO arrested on fraud charges

NEW YORK (AP) - The Canadian owner of a company that won nearly $1 billion in contracts to provide steel for the construction of the World Trade Center's tallest building and a transit center was arrested Thursday on charges he defrauded a program meant to benefit minority- and women-owned businesses.

Ex-New Mexico Gov. Johnson named pot company CEO

ALBUQUERQUE, N.M. (AP) - A Nevada-based startup that plans on selling medical and recreational marijuana products named former New Mexico governor and U.S. Libertarian presidential candidate Gary Johnson as its CEO and president, the company announced Tuesday.

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:

US-Turkish Bechtel-Enka wins $820M deal in Kosovo

PRISTINA, Kosovo (AP) - Kosovo's Infrastructure Ministry says a $820 million deal has been signed with American-Turkish consortium Bechtel-Enka to build a 60 kilometer (37 miles) highway that will link Kosovo with Macedonia.

House alters reporting of lawmakers' free trips

WASHINGTON (AP) - The House is no longer requiring lawmakers to report some free trips they take on the annual forms they file about their personal finances, drawing fire from advocates of more transparency in government.

Ex-New Mexico Gov. Johnson named pot company CEO

ALBUQUERQUE, N.M. (AP) - A Nevada-based startup that plans on selling medical and recreational marijuana products named former New Mexico governor and U.S. Libertarian presidential candidate Gary Johnson as its CEO and president, the company announced Tuesday.

Top 10 new vehicles sold in the US in June

Automakers released U.S. vehicle sales for June on Tuesday. Here are the top 10 sellers, the number of vehicles sold and the percent sales rose or fell compared with June 2013.

How the Dow Jones industrial average fared Tuesday

Evidence that global manufacturing is expanding pushed the stock market to another all-time high on Tuesday. The Dow Jones industrial average climbed within two points of 17,000 for the first time after separate surveys showed that manufacturing grew in both China and the U.S., the world's two largest economies.

Justices sometimes do agree: Your privacy matters

WASHINGTON (AP) - Supreme Court justices found more common ground than usual this year, and nowhere was their unanimity more surprising than in a ruling that police must get a judge's approval before searching the cellphones of people they've arrested.

Recalls raise questions about ignition switches

DETROIT (AP) - General Motors issued a new round of recalls for faulty ignition switches this week, but the company says the problem is different than the ignition switch defect that sparked recalls in February. At the same time, Chrysler is recalling vehicles for a similar ignition switch defect.

Newspapers: Disputed deal saving Salt Lake Tribune

SALT LAKE CITY (AP) - The corporate owners of The Salt Lake Tribune and CEO of the Deseret News say in new court filings that changes to terms of a joint operating agreement aren't intended to put the Tribune out of business.

Recalls raise questions about ignition switches

DETROIT (AP) - General Motors issued a new round of recalls for faulty ignition switches this week, but the company says the problem is different than the ignition switch defect that sparked recalls in February. At the same time, Chrysler is recalling vehicles for a similar ignition switch defect.

FTC: T-Mobile made millions in bogus charges

WASHINGTON (AP) - T-Mobile USA knowingly made hundreds of millions of dollars off its customers in potentially bogus charges, a federal regulator alleged Tuesday in a complaint likely to mar the reputation of a household name in wireless communications.

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