Columbus CEO Archives

October 2014 Edition

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Prosecutor: Keep extra security for Russian inmate

SEATTLE (AP) - A federal prosecutor asked a judge to deny requests for changes in the custody of a Russian man charged with hacking into U.S. businesses, arguing his lawyers have illegally given him access to a cellphone and mail.

FAA chief to visit sabotaged Chicago-area facility

CHICAGO (AP) - The head of the Federal Aviation Administration will visit a regional control center sabotaged by a fire that shut down Chicago's two international airports and snarled air traffic nationwide, U.S. Sen. Dick Durbin said Thursday.

Facebook tightens research guidelines

NEW YORK (AP) - Facebook has tightened its research guidelines following uproar over its disclosure this summer that it allowed researchers to manipulate users' feeds to see if their moods could be changed.

Gun foes plan to match NRA spending in fall races

WASHINGTON (AP) - Gun control groups say this is the year they finally go toe-to-toe with the National Rifle Association and match their foe's imposing campaign spending for congressional candidates.

Sandy-damaged tunnels could cause Amtrak nightmare

NEW YORK (AP) - Repairs on Superstorm Sandy-damaged rail tunnels used by trains linking New York with the rest of the Northeast Corridor could cause a service nightmare for hundreds of thousands of people.

Judge eyes Trump Entertainment pension obligations

WILMINGTON, Del. (AP) - A Delaware bankruptcy judge is weighing a request by Trump Entertainment Resorts to be relieved of its pension obligations under a collective bargaining agreement with workers at the Taj Mahal casino in Atlantic City, New Jersey.

How the Dow Jones industrial average did Thursday

The stock market sputtered to an indecisive close Thursday, taking a pause after three straight days of losses. Small-company stocks, which have slumped 10 percent from their early-July peak into what's known as a "correction," recovered the most.

Facebook tightens research guidelines

NEW YORK (AP) - Facebook has tightened its research guidelines following uproar over its disclosure this summer that it allowed researchers to manipulate users' feeds to see if they could change their mood.

Prosecutor: Keep extra security for Russian inmate

SEATTLE (AP) - A federal prosecutor says extra security for a Russian man charged with hacking into U.S. businesses should stay in place because prison officials say one of his lawyers illegally brought a cellphone into the Seattle facility.

Can a football stadium be as 'smart' as a phone?

SANTA CLARA, Calif. (AP) - It's a tough challenge for the National Football League to entice fans off their comfy couches and into stadiums when ticket prices are almost as high as the sport's TV ratings.

President, health care law star in state races

WASHINGTON (AP) - President Barack Obama is not looking to return to the U.S. Senate or the state legislature, but he's popping up in hundreds of thousands of ads for those offices, an analysis of campaign advertising released Thursday found.

California teens arrested in 920 chicken deaths

FRESNO, Calif. (AP) - Deputies have arrested four young men - one adult and three juveniles - suspected of breaking into a Foster Farms chicken ranch and killing more than 900 birds with a golf club in California.

Official named in porn office emails case resigns

HARRISBURG, Pa. (AP) - Pennsylvania's top environmental regulator resigned Thursday, becoming the first high-level casualty in a growing scandal surrounding office emails containing pornography in the attorney general's office.

Coast Guard heads to fire at offshore gas platform

ANCHORAGE, Alaska (AP) - A fire Thursday at an offshore liquefied natural gas platform in Alaska's Cook Inlet forced four people to evacuate, but the environmental risk was considered minimal, the Coast Guard said.

Vintage 66 Route motel to get $16M renovation

ALBUQUERQUE, N.M. (AP) - A crumbling motel along Route 66 will get a $16 million upgrade as part of an ongoing plan to revitalize a section of the iconic highway as it winds through Albuquerque.

Obama touts economic gains under his watch

EVANSTON, Ill. (AP) - President Barack Obama laid claim to an economic recovery Thursday that he said has made steady progress even as he blamed Republicans for rejecting steps he said would help families with little to show for an upturn that has lowered unemployment, beefed up corporate accounts and fueled the stock market.

'Alien: Isolation' game an homage to original film

LOS ANGELES (AP) - By the end of the original "Alien" film, warrant officer Ellen Ripley had been attacked by an android, stalked by an extraterrestrial and stranded in space. That's just the beginning of the interstellar mayhem that awaits Ripley's daughter in "Alien: Isolation," a video game out Tuesday that aims to pay interactive tribute to filmmaker Ridley Scott's seminal 1979 sci-fi horror movie.

Argentine stocks plunge after central banker quits

BUENOS AIRES, Argentina (AP) - Argentina's Merval stock index is dropping nearly 9 percent in a sell-off sparked by the naming of a new central bank chief who many believe will favor interventionist policies.

Softbank invests $250M in Legendary Entertainment

NEW YORK (AP) - Japanese telecommunications and Internet company SoftBank Corp. is investing $250 million in media company Legendary Entertainment, known for films such as "The Dark Knight" and "Man of Steel."

Correction: Bank of America-Chairman story

CHARLOTTE, N.C. (AP) - In a story Oct. 1 about Bank of America's board of directors electing CEO Brian Moynihan chairman, The Associated Press reported erroneously that Jack Bovender Jr. has held a seat on the board since 2002. Bovender has been on the board since 2012.

Fashion district gets new cash reporting rules

LOS ANGELES (AP) - Federal authorities on Thursday slapped new financial reporting rules on 2,000 businesses in the fashion district of Los Angeles in an effort to curtail suspected Mexican drug money laundering after massive amounts of cash were seized in a raid.

Feds: Trader made $1.5M by manipulating prices

CHICAGO (AP) - Chicago prosecutors say a high-frequency trader in New Jersey has been indicted for allegedly manipulating commodities prices by using software that executes trades within milliseconds.

IMF head: Improved policies needed to boost growth

WASHINGTON (AP) - The head of the International Monetary Fund says six years after the financial crisis struck, the world is still mired in a disappointing economic recovery and will only be able to regain momentum through improved government policies.

MIT, Twitter team up on $10M social media project

CAMBRIDGE, Mass. (AP) - The Massachusetts Institute of Technology and Twitter are teaming up on a $10 million project to better understand social networks and figure out new ways to benefit from them.

AP NewsBreak: Mine safety violations down

WASHINGTON (AP) - The number of chronic safety violators among mine operators has fallen sharply in recent years, according to government figures released Thursday.

Next Ferrari chief focuses on F1

PARIS (AP) - The incoming boss of Ferrari has one "very high" priority: getting his cars back on top of the Formula One podium.

German train drivers vote for strikes

BERLIN (AP) - A union representing train drivers at Germany's national railway says its members have voted overwhelmingly to strike over a pay dispute.

Emaar Malls shares jump 12 percent on listing

DUBAI, United Arab Emirates (AP) - Shares in the owner of the Middle East's largest mall jumped a little past 12 percent Thursday in the first day of trading on the Dubai stock exchange after its initial public offering.

AP NewsBreak: Mine safety violations down

WASHINGTON (AP) - The number of chronic safety violators among mine operators has fallen sharply in recent years, according to government figures being released Thursday.

US factory orders fall record 10.1 percent

WASHINGTON (AP) - Orders to U.S. factories fell in August by the largest amount on record, but the big drop was heavily influenced by a plunge in volatile aircraft orders.

European car chiefs 'reeling' from Ford warning

PARIS (AP) - Fiat-Chrysler CEO Sergio Marchionne says fellow car bosses "are still reeling" from the profit warning that rival Ford announced on the eve of the biennial gathering in Paris.

German insurer Allianz appoints new CEO

BERLIN (AP) - German insurer Allianz SE says board member Oliver Baete will take over as chief executive in May when current CEO Michael Diekmann steps down after more than a decade in charge.

Applications for US jobless benefits drop to 287K

WASHINGTON (AP) - The number of people seeking U.S. unemployment benefits dropped 8,000 last week to a seasonally adjusted 287,000, as the total number of beneficiaries dropped to its lowest level in more than eight years.

Emaar Malls shares jump 12 percent on listing

DUBAI, United Arab Emirates (AP) - Shares in the owner of the Middle East's largest mall jumped over 12 percent in the first day of trading on the Dubai stock exchange after its initial public offering.

Ruling lets bankrupt city cut pension benefits

SACRAMENTO, Calif. (AP) - U.S. bankruptcy law allows the California city of Stockton to cut pension benefits because it can treat its obligations to the public retirement fund like other debts, a federal judge said in a ruling that could help clarify who gets paid first by financially strapped cities around the nation - pension funds or creditors.

California teens arrested in 920 chicken deaths

FRESNO, Calif. (AP) - Deputies in central California have arrested four people - one adult and three juveniles - who are suspected of breaking into a Foster Farms chicken ranch and killing more than 900 birds with a golf club.

Applications for US jobless benefits drop to 287K

WASHINGTON (AP) - The number of people seeking U.S. unemployment benefits dropped 8,000 last week to a seasonally adjusted 287,000, as the total number of Americans collecting benefits dropped to its lowest level in more than eight years.

Angry Birds maker Rovio to cut jobs

HELSINKI (AP) - Mobile game developer Rovio Entertainment Ltd. says it plans to cut some 16 percent of its workforce amid signs that its Angry Birds game is losing some of its luster.

Greenland calls for early elections next month

COPENHAGEN, Denmark (AP) - Greenland has called for early elections next month after four government members quit and the prime minister went on leave amid a scandal involving the use of public funds.

European Central Bank keeps rates on hold

NAPLES, Italy (AP) - Markets are waiting to hear whether the European Central Bank is willing to offer more stimulus to a dangerously weak economy, after the bank's governing council left interest rates unchanged Thursday.

Texting apps required gear for Hong Kong protests

HONG KONG (AP) - Just as protesters in Egypt depended on Twitter three years ago, the latest digital tools have become required gear for tens of thousands of people demanding democratic reforms on the streets of Hong Kong.

Putin: state will support sanctions-hit sectors

MOSCOW (AP) - Russian President Vladimir Putin says the state will offer support to sectors of the economy that have been hit by international sanctions, but says the country in general is unconcerned about the sanctions' consequences.

ECB buying bundles of loans could spur lending

The European Central Bank plans to start buying a type of bonds known as asset-backed securities. The move is aimed at spurring bank lending to companies and getting a slack economy moving again.

Samsung China supplier sues US labor watchdog

SEOUL, South Korea (AP) - A Chinese supplier of Samsung Electronics Co. filed a lawsuit accusing a New York City-based labor watchdog of spreading false rumors of child labor, but the labor group says it has evidence to back up its report.

New EU economy chief vows tough budget oversight

BRUSSELS (AP) - The European Union's incoming economy chief, Pierre Moscovici, vowed Thursday to be an impartial and tough enforcer of the bloc's deficit rules even though he failed to implement them as French finance minister.

Germany's Rocket Internet makes bumpy market debut

FRANKFURT, Germany (AP) - Germany's Rocket Internet AG, which specializes in launching e-commerce startups, has made a bumpy market debut - with its shares falling on their first day of trading in Frankfurt.

Samsung China supplier sues US labor watchdog

SEOUL, South Korea (AP) - A Chinese supplier of Samsung Electronics Co. has filed a lawsuit accusing a New York-based labor watchdog of spreading false rumors of child labor, but the labor group says it has evidence to back up its report.

New economics head vows tough EU budgets oversight

BRUSSELS (AP) - The European Union's incoming economics chief vows to be an impartial and tough enforcer of the bloc's budget and deficit rules even though he failed to implement them as French Finance Minister.

Judge's ruling strikes at pension fund's sanctity

SACRAMENTO, Calif. (AP) - A federal judge has struck a blow against the sanctity of public pensions in California by ruling that U.S. bankruptcy law permits the city of Stockton to treat pension fund obligations like other debts, allowing the city to cut benefits.

Gov't website for doc payments not up to snuff

WASHINGTON (AP) - The government's new "Open Payments" website is intended to let you find out whether your doctor is getting freebies, travel or other financial benefits from drug companies and medical device manufacturers. But it doesn't make it easy.

Guilty plea set in $7.5 million Miami Heat fraud

COLUMBUS, Ohio (AP) - A man preparing to plead guilty in a multimillion-dollar scam involving three former Miami Heat players and the team itself wants to take responsibility for his actions and move on.

Guilty plea set in $7.5 million Miami Heat fraud

COLUMBUS, Ohio (AP) - A man charged with a multimillion-dollar investment scam involving three former Miami Heat players and the team itself wants to take responsibility for his actions and move on, his attorney said ahead of an expected plea deal.

Hong Kong protests hit city's role as finance hub

HONG KONG (AP) - Shops in Hong Kong have closed and the local stock market has plunged but protesters are gambling their agitation for greater democracy will pay off by preserving institutions that made this former British colony a profitable asset to China.

European Central Bank to detail stimulus plan

NAPLES, Italy (AP) - European Central Bank head Mario Draghi is expected Thursday to underline the bank's willingness to deploy more economic stimulus measures, a stance that could send the euro skidding even lower.

Sheldon Adelson criticizes Internet gambling

LAS VEGAS (AP) - Billionaire Sheldon Adelson repeated his distaste for Internet gambling during a talk Wednesday night at the G2E Global Gaming Expo in Las Vegas, saying there was no reason casinos should be in the pockets of every single American.

Flight operations at Chicago airports improving

CHICAGO (AP) - The Federal Aviation Administration says that despite the sabotage last week at a suburban Chicago air traffic control center, air traffic controllers managed more operations at O'Hare International Airport on Tuesday than at any other airport.

North Texas town voting on fracking ban

DENTON, Texas (AP) - Anti-fracking activists and campaigners backed by big oil and gas companies sparred outside of voting sites on the last day of early voting in a North Texas university town that's considering a ban on new permits for hydraulic fracturing.

Space tourism rocket crash stirs mixed emotions

The explosion of Virgin Galactic's passenger rocket ship is stirring up mixed emotions as scientists and others involved in the space industry wait for more details on what happened over the Mojave Desert on Friday.

Colombians jailed in Venezuela for $15 grocery run

BOGOTA, Colombia (AP) - A $15 grocery run has cost two single mothers from Colombia 48 days in jail, along with the threat of a 14-year prison sentence, as a result of a crackdown on smuggling in Venezuela that is ratcheting up tensions and highlighting growing economic distortions between the neighbors.

Space tourism rocket crash stirs mixed emotions

The explosion of Virgin Galactic's passenger rocket is stirring up mixed emotions as scientists and others involved in the space industry wait for more details on what happened over the Mojave Desert on Friday.

Virgin Galactic's allure: space and celebrities

The explosion of a Virgin Galactic rocket ship during a test flight over California has almost certainly dashed founder Richard Branson's goal of starting passenger flights next spring. Information about Virgin Galactic, its backers, and its goals:

Judge: City must pay creditors and pension fund

SACRAMENTO, Calif. (AP) - A federal judge ruled Wednesday that U.S. bankruptcy law allows Stockton, California, to treat public pension fund obligations like other debts, meaning the city could trim its pension obligations.

Man with Ebola virus flew roundabout trip to US

The first reported case of Ebola in the United States is spooking airline investors and raising the prospect that some frightened travelers might stay home despite repeated reassurances from public-health experts.

Complaint: Racial slurs, threats at Daimler plant

PORTLAND, Ore. (AP) - Oregon's labor commissioner has filed a complaint against heavy-duty truck and school bus manufacturer Daimler Trucks North America, alleging five employees at its Portland plant were subjected to racial slurs and threats.

'Vultures' hover over Argentina -US relations

BUENOS AIRES, Argentina (AP) - Relations between Argentina and the United States have sunk so low the South American nation's president is blaming the Obama administration for her country's debt crisis and suggesting Washington might even want to have her killed.

AP-GfK Poll: Top issues in the midterm election

WASHINGTON (AP) - It's October and in some places, voters are already voting. The latest Associated Press-GfK poll finds those likely to cast a ballot are focused more on the economy than other issues. But that hasn't stopped campaigns from trying to appeal on other topics as well. Here's a look at what voters think on the top issues of the election cycle.

Prison for bank exec who used firm's card for wine

PORTLAND, Maine (AP) - A former TD Bank executive who used a company credit card to buy $240,000 in Champagne and lap dances at strip clubs to ease his stress from work has been sentenced to 18 months in prison.

US OKs $1.75 billion arms sale to Saudi

WASHINGTON (AP) - The Obama administration has approved a $1.75 billion sale of Patriot missiles and associated items to Saudi Arabia to bolster the air defenses of the key U.S. ally in the Arab world.

AP-GfK Poll: Divided voters still focus on economy

WASHINGTON (AP) - It's not Obamacare or climate change. It's not yet terrorism or fear of the Islamic State group. Those issues are on the minds of voters as they begin casting ballots in this year's midterm elections, but nothing matters to American voters as much the economy.

How the AP-GfK Poll was conducted

The Associated Press-GfK poll on the midterm elections was conducted by GfK Public Affairs and Corporate Communications September 25-29. It is based on online interviews of 1,845 adults who are members of GfK's nationally representative KnowledgePanel.

How the Dow Jones industrial average did Wednesday

It was a rough start to October for financial markets Wednesday, with the Dow Jones industrial average dropping more than 200 points as investors reacted to a round of negative economic news in the U.S. and abroad.

CEO Insights recap: Jeni's CEO John Lowe talks basketball, secrets to success

A sold out crowd attended the October edition of the Columbus Chamber's CEO Insights forum this morning at Dawson. (Columbus CEO is a proud presenting sponsor, fyi.) The big draw? Ice cream. Or more specifically John Lowe, CEO of Jeni's Splendid Ice Creams. In case you missed it, Jeni's growth from small business to mid-size manufacturer was the subject of

Manager Orr on stand in Detroit bankruptcy trial

DETROIT (AP) - Emergency manager Kevyn Orr testified in bankruptcy court Wednesday that when he took over Detroit's finances, he found a city with poor services for residents, next to no cash flow and significant neighborhood blight.

Greece's govt to call confidence vote

ATHENS, Greece (AP) - Greece's troubled coalition government said Wednesday it would call a vote of confidence in parliament next week, hours after the country's leftwing opposition demanded early elections citing ongoing austerity measures.

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