Columbus CEO Archives

September 2014 Edition

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In light of celebrity hacks, how to protect data

NEW YORK (AP) - The circulation of nude photographs stolen from celebrities' online accounts has thrown a spotlight on the security of cloud computing, a system used by a growing number of Americans to store personal information over the Internet.

Switzerland, Singapore, US top economic rankings

GENEVA (AP) - The United States' competitiveness among global economies has risen to the No. 3 spot behind Switzerland and Singapore in rankings published annually by the World Economic Forum.

US rejects Norwegian Air bid for US-Europe flights

WASHINGTON (AP) - In a case that has labor and trade policy implications, the Obama administration on Tuesday rejected a request that would have immediately permitted a low-cost air carrier to begin flights between the U.S. and Europe while the government is still reviewing its application for new service.

US rejects Norwegian Air bid for US-Europe flights

WASHINGTON (AP) - The Obama administration has rejected a request by a low-cost air carrier to begin flying immediately between the U.S. and Europe in a case that has significant labor and trade policy implications.

Halliburton reaches $1B Gulf oil spill settlement

NEW ORLEANS (AP) - Halliburton's agreement to pay more than $1 billion to settle numerous claims involving the 2010 BP Gulf of Mexico oil spill could be a way for the company and victims of the spill to avoid years of costly litigation - if all the pieces fall into place.

How the Dow Jones industrial average fared Tuesday

Concerns over weaker global economic growth appeared to outweigh a pair of strong reports on the U.S. economy Tuesday, nudging stocks to a tiny loss. Crude oil prices sank 3 percent, pulling Exxon Mobil, Chevron and stocks of other oil producers down.

Spotify's Top 10 most viral tracks

The following list represents the most viral tracks on Spotify, based on the number of people who shared it divided by the number who listened to it, from Monday, August 25 to Sunday, August 31 via Facebook, Tumblr, Twitter and Spotify.

How to protect your data in the cloud

NEW YORK (AP) - The circulation of nude photographs stolen from celebrities' online accounts has raised questions about the security of storing information over the Internet, a growing practice known as the cloud.

Spotify's Top 10 most streamed tracks

The following list represents the most streamed tracks on Spotify, based on the number of people who shared it divided by the number who listened to it, from Monday, August 25 to Sunday August 31 via Facebook, Tumblr, Twitter and Spotify.

Mexico plans $9.2B airport project for capital

MEXICO CITY (AP) - President Enrique Pena Nieto announced the construction of a new international airport for Mexico City on Tuesday, saying it will quadruple the capacity of the current one.

Adviser bio page vanishes from Russian fund site

WASHINGTON (AP) - Until last weekend, the Russian Direct Investment Fund touted prominent U.S. and European executives who serve on its international advisory board by posting their names on its website. On Tuesday, that list was suddenly no longer accessible after one adviser recently stepped down.

Ex-Mamtek CEO pleads guilty to theft, fraud

ST. CHARLES, Mo. (AP) - The man who persuaded a rural Missouri town and the state to invest millions in bonds and incentives for an artificial sweetener plant that never materialized pleaded guilty Tuesday to three felony charges.

PG&E fined $1.4B for deadly 2010 gas line blast

SAN FRANCISCO (AP) - California regulatory judges have issued a $1.4 billion penalty against the state's largest utility for a 2010 gas pipeline explosion that engulfed a suburban San Francisco neighborhood in fire, killing eight people and prompting national alerts about aging pipelines.

PG&E fined $1.4B for deadly 2010 gas line blast

SAN FRANCISCO (AP) - California regulatory judges issued a $1.4 billion penalty on Tuesday against the state's largest utility for a 2010 gas pipeline explosion that engulfed a suburban San Francisco neighborhood in fire, killing eight people and prompting national alerts about aging pipelines.

Irish tax haul jumps, signals kinder 2015 budget

DUBLIN (AP) - Ireland's tax collections are beating targets and have put the country on course to achieve normal deficit levels after six years of austerity, the government announced Tuesday.

Rates mixed at weekly US Treasury bill auction

WASHINGTON (AP) - Interest rates on short-term Treasury bills were mixed in Tuesday's auction with rates on three-month bills falling to the lowest level since late April while rates on six-month bills were unchanged.

Where things stand with Detroit's bankruptcy plan

DETROIT (AP) - More than a year after Detroit filed for the largest public bankruptcy in U.S. history, a federal judge is hearing evidence on whether he should approve the city's plan to emerge from billions of dollars in debt. Here's a look at the past, present and future of the city's finances:

Tips on auto financing if you have poor credit

Easy credit and longer-term loans currently being offered at auto dealerships can make buying an expensive car alluring. Greg McBride, chief financial analyst at the Bankrate.com website, says consumers with poor credit shouldn't bite.

Seismic activity calms down near Iceland volcano

LONDON (AP) - Experts say the seismic activity near the Bardarbunga volcano on Iceland is calming down while tall fountains of fire and lava continue to lick the air along a volcanic fissure, producing a huge plume of steam and gas.

Irish tax take jumps, signals kinder 2015 budget

DUBLIN (AP) - Ireland's Finance Department says tax collections from a growing economy are unexpectedly strong and have put the country on course to achieve normal deficit levels after six years of austerity.

Greece seeks to ease emergency taxes

PARIS (AP) - Finance officials from Greece have started talks in Paris with the country's rescue creditors, and are hoping to ease emergency taxes that have helped fuel recession.

US stocks are mostly lower at midday

U.S. stocks are mostly lower at midday as energy stocks weigh on the market and investors wait to see what actions central banks take later this week.

Ukraine economy at risk, may need another bailout

BRUSSELS (AP) - While Ukraine's leaders are trying to win the war against Russian-backed separatists in the east, they appear to be losing the battle to resurrect the country's battered economy.

IMF: Ukraine may need another bailout due to war

BRUSSELS (AP) - The International Monetary Fund says Ukraine will need billions of dollars in additional support if the fighting between the military and Russian-backed separatists in the country's east persists.

New York: Bank didn't lend to blacks in Buffalo

ALBANY, N.Y. (AP) - A bank refused to offer mortgages to African-Americans living in Buffalo, New York's attorney general said in a lawsuit that he said was part of a wider investigation into an illegal practice known as redlining.

US construction spending up 1.8 percent in July

WASHINGTON (AP) - U.S. construction spending staged a strong rebound in July, rising by the largest amount in more than two years. All major categories of construction showed gains in an encouraging sign that spending on building projects will help boost the economy in the second half of this year.

Euro continues descent ahead of ECB meeting

LONDON (AP) - The euro fell to a one-year low against the dollar on Tuesday as it continued to lose support from speculation that the European Central Bank could start pumping money into the ailing eurozone economy to spur growth.

Scottish opinion poll knocks the British pound

LONDON (AP) - The British pound slipped sharply after an opinion poll showed that those advocating Scottish independence from the United Kingdom have gained ground, a little more than two weeks before the vote.

US construction spending up 1.8 percent in July

WASHINGTON (AP) - U.S. construction spending staged a strong rebound in July, rising by the largest amount in more than two years. All major categories of construction showed gains in an encouraging sign that spending on building projects will help boost the economy in the second half of this year.

Scottish opinion poll knocks the British pound

LONDON (AP) - The British pound slipped sharply after an opinion poll showed that those advocating Scottish independence from the United Kingdom have gained ground, a little more than two weeks before the vote.

Netflix unveils new way to share recommendations

SAN FRANCISCO (AP) - Netflix is giving its Internet video subscribers a more discreet way to recommend movies and TV shows to their Facebook friends after realizing most people don't want to share their viewing habits with large audiences.

Giant Eagle CEO loves competitive Columbus grocery market

Giant Eagle CEO Laura Karet attends almost every store opening, from the unglamorous GetGo gas stations to the swanky Market District groceries. On Friday, she's scheduled to be back in town to cut her third ribbon in central Ohio in less than a month - at the Grandview Yard Market District store.

Netflix unveils new way to share recommendations

SAN FRANCISCO (AP) - Netflix is giving its Internet video subscribers a more discreet way to recommend movies and TV shows to their Facebook friends after realizing most people don't want share their viewing habits with large audiences.

Dominion, Duke to build $5B natural gas pipeline

NEW YORK (AP) - Dominion Resources, Duke Energy and other partners have proposed building a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.

Select Income REIT adds to portfolio in $2.7B deal

NEWTON, Mass. (AP) - Select Income REIT will spend about $2.7 billion in cash and stock to buy Cole Corporate Income Trust in a deal that adds 64 office and industrial properties to the real estate investment trust's portfolio.

Dollar General raises Family Dollar bid to $9.1B

GOODLETTSVILLE, Tenn. (AP) - Dollar General upped its bid for the rival Family Dollar chain and addressed an earlier roadblock, saying that it will more than double the number of stores it would shed to tamp down the antitrust concerns of its takeover target.

Select Income REIT adds to portfolio in $2.7B deal

NEWTON, Mass. (AP) - Select Income REIT is spending about $2.7 billion in cash and stock to buy Cole Corporate Income Trust in deal that adds 64 office and industrial properties to the real estate investment trust's portfolio.

Revel casino goes dark after just 2 years

ATLANTIC CITY, N.J. (AP) - Revel Casino Hotel opened with a bang a little more than two years ago amid high hopes of turning around Atlantic City's struggling casino market.

Report: Water shortages crimp China shale gas plan

BEIJING (AP) - More than 60 percent of China's vast shale gas deposits are in regions with scarce water resources, complicating plans by the energy-hungry country to tap the natural gas, according to a U.S.-based research group.

Report: Water shortages crimp China shale gas plan

BEIJING (AP) - A research group says more than 60 percent of China's vast shale gas deposits are in regions with scarce water resources, complicating plans by the energy-hungry country to tap the natural gas.

Dollar General raises Family Dollar bid to $9.1B

GOODLETTSVILLE, Tenn. (AP) - Dollar General is boosting its bid for rival Family Dollar to approximately $9.1 billion and says it's now willing to more than double the number of stores it would shed to avoid trouble with regulators.

$2.4B Revel casino shuts down after just 2 years

ATLANTIC CITY, N.J. (AP) - Revel Casino Hotel closed its doors Tuesday morning, a little more than two years after opening with high hopes of turning around Atlantic City's struggling casino market.

Euro continues descent ahead of ECB meeting

LONDON (AP) - The euro has fallen to a one-year low against the dollar as Europe's single currency remains under pressure ahead of this week's policy meeting of the European Central Bank.

Asia stocks mostly higher, wages data boosts Japan

TOKYO (AP) - Asian stocks were mostly higher Tuesday after a jump in average wages boosted Japan's market. Hong Kong's benchmark was recovering after initially retreating on weak Chinese data and concerns over tensions with Beijing.

$2.4B Revel casino to shut down early Tuesday

ATLANTIC CITY, N.J. (AP) - Little more than two years after opening with high hopes of turning around Atlantic City's struggling casino market, Revel will close its doors Tuesday morning.

Survey: Foreign companies in China feel 'targeted'

BEIJING (AP) - Foreign companies in China feel increasingly targeted for unfair enforcement of anti-monopoly and other laws and might cut investment if conditions fail to improve, a U.S. business group said Tuesday.

Detroit's historic bankruptcy trial to begin

DETROIT (AP) - Lawyers for Detroit will attempt to convince a federal judge at the city's bankruptcy trial that its plans to wipe out billions of dollars in debt should be approved.

British migrant rights activist faces Thai trial

BANGKOK, Thailand (AP) - A British human rights activist who investigated alleged abuses at a Thai fruit processing factory went on trial Tuesday in the first of a series of criminal lawsuits filed against him by the company.

Top South America hackers rattle Peru's Cabinet

LIMA, Peru (AP) - The Peruvian hackers have broken into military, police, and other sensitive government networks in Argentina, Colombia, Chile, Venezuela and Peru, defacing websites and extracting sensitive data to strut their programming prowess and make political points.

Survey: Foreign companies in China feel 'targeted'

BEIJING (AP) - An American business group warned Tuesday that foreign companies in China feel increasingly targeted for unfair enforcement of anti-monopoly and other laws and said investment might decline if conditions fail to improve.

AP Source: US and Brazil resolve trade fight

WASHINGTON (AP) - The United States and Brazil have resolved a decade-long trade battle over subsidies Washington provided to American cotton growers, an official close to the negotiations said late Tuesday.

AP Source: US and Brazil resolve trade fight

WASHINGTON (AP) - An official close to the negotiations says the United States and Brazil have resolved a decade-long trade battle over subsidies Washington provided to American cotton growers.

Civil disobedience expected in fast-food pay fight

NEW YORK (AP) - McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers.

Austerity debate flares as Europe recovery fades

FRANKFURT, Germany (AP) - Europe's economic recovery is in danger. Governments are under pressure to save it, but struggling with political obstacles and disagreement among themselves over what to do.

Civil disobedience expected in fast-food pay fight

NEW YORK (AP) - McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers.

US eating habits improve a bit _ except among poor

CHICAGO (AP) - Americans' eating habits have improved - except among the poor, evidence of a widening wealth gap when it comes to diet. Yet even among wealthier adults, food choices remain far from ideal, a 12-year study found.

Modi visit draws pledges of support from Japan

TOKYO (AP) - Japan and India agreed Monday to step up their economic and security cooperation as visiting Prime Minister Narendra Modi won pledges of support for his effort to revitalize the lagging Indian economy.

NC offered $100M for Toyota HQ, twice Texas bid

RALEIGH, N.C. (AP) - North Carolina business recruiters offered Toyota more than $100 million for the world's largest carmaker to move its North American headquarters to Charlotte rather than a Dallas suburb but still lost out to a Texas offer half that size.

NC offered $100M for Toyota HQ, twice Texas bid

RALEIGH, N.C. (AP) - North Carolina business recruiters offered Toyota more than $100 million in incentives for the world's largest carmaker to move its North American headquarters to Charlotte rather than a Dallas suburb, but still lost out to a Texas offer half that size.

Iran president urges clerics to tolerate Internet

TEHRAN, Iran (AP) - Iran's president urged the country's clerics Monday to be more tolerant of the Internet and new technologies, which are often the target of criticism by influential hard-liners in the Islamic Republic.

Austerity debate flares as Europe recovery fades

FRANKFURT, Germany (AP) - Europe's recovery is in danger. Governments are under pressure to save it, but struggling with political obstacles and disagreement among themselves over what to do.

Pro-Russian rebels lower demands in peace talks

MOSCOW (AP) - Pro-Russian rebels softened their demand for full independence Monday, saying they would respect Ukraine's sovereignty in exchange for autonomy - a shift that reflects Moscow's desire to strike a deal at a new round of peace talks.

David Muir takes over at ABC's 'World News'

NEW YORK (AP) - Among the stories David Muir will introduce during his first week as ABC's "World News" anchor is one he reported about a generation of Syrian refugees missing out on an education.

Anti-euro party's success poses dilemma for Merkel

BERLIN (AP) - The success of a new anti-euro party in a German state election intensifies a dilemma for Chancellor Angela Merkel: how to handle a rival whose rise could make it more difficult for her party to form coalition governments around the country.

Finnish nuclear plant further delayed until 2018

HELSINKI (AP) - Finnish utility TVO says construction of the country's fifth nuclear reactor has been delayed again, with the plant not expected to go online until 2018 - nine years later than initially forecast.

Sony wooing Japanese to PS4 with Dragon Quest

TOKYO (AP) - Sony is trying to woo Japanese game fans to the PlayStation 4 home console that went on sale in November in the U.S. and Europe, but didn't arrive at stores here until February.

Obama promoting economic gains as elections near

WASHINGTON (AP) - Boosted by recent economic gains, President Barack Obama is sounding more bullish about the nation's recovery from the Great Recession and the White House is encouraging Democrats to show similar optimism as they head into the November mid-term elections.

Sony wooing Japanese to PS4 with Dragon Quest

TOKYO (AP) - Sony is trying to woo Japanese game fans to the PlayStation 4 home console that went on sale in November in the U.S. and Europe, but didn't arrive at stores here until February.

Obama promoting economic gains as elections near

WASHINGTON (AP) - Boosted by recent economic gains, President Barack Obama is sounding more bullish about the nation's recovery from the Great Recession and the White House is encouraging Democrats to show similar optimism as they head into the November mid-term elections.

Alibaba IPO comes with unusual structure

BEIJING (AP) - Foreigners who want to buy Alibaba Group shares in the Chinese e-commerce giant's U.S. public offering will need to get comfortable with an unusual business structure.

Merkel aide downplays anti-euro party's success

BERLIN (AP) - A top aide to German Chancellor Angela Merkel is downplaying a new anti-euro party's strong showing in a state election, arguing that it's too early to say its long-term success is assured.

Revel starts shutdown Monday after just 2 years

ATLANTIC CITY, N.J. (AP) - The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling begins to play out Monday when the $2.4 billion Revel Casino Hotel empties its hotel.

Revel starts shutdown Monday after just 2 years

ATLANTIC CITY, N.J. (AP) - The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling begins to play out Monday when the $2.4 billion Revel Casino Hotel empties its hotel.

Alibaba IPO comes with unusual structure

BEIJING (AP) - Foreigners who want to buy Alibaba Group shares in the Chinese e-commerce giant's U.S. public offering will need to get comfortable with an unusual business structure.

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