Columbus CEO Archives

February 2015 Edition

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Anadarko argues against $1B penalty in 2010 Gulf oil spill

NEW ORLEANS (AP) - A trial to determine how much BP should pay in Clean Water Act penalties for the 2010 Gulf of Mexico oil spill - which could reach $13.7 billion - has ended in New Orleans, but a decision from the judge is not expected for months.

Obama's budget targets high cost of cutting-edge drugs

WASHINGTON (AP) - With patients facing greater exposure to the high cost of new medications, President Barack Obama on Monday called for government to use its buying power to squeeze drug companies for lower prices.

Federal govt seeks national conversation on transportation

WASHINGTON (AP) - Hoping to start a national conversation about future transportation needs, the Obama administration released a report Monday that identifies key population, environmental, cultural and technology trends expected to shape the way Americans get from one place to another over the next 30 years.

Exxon, Chevron set to boost production just as prices fall

NEW YORK (AP) - Exxon Mobil has been working for years on a fleet of enormous new oil and gas projects in places such as Abu Dhabi, Russia, Papua New Guinea, and the Gulf of Mexico designed to turn around what has been a consistent and alarming slide in oil and gas production.

Exxon, Chevron set to boost production just as prices fall

NEW YORK (AP) - Exxon Mobil has been working for years on a fleet of enormous new oil and gas projects in places such as Abu Dhabi, Russia, Papua New Guinea, and the Gulf of Mexico designed to turn around what has been a consistent and alarming slide in oil and gas production.

Analysis: Obama challenges GOP again, this time with budget

WASHINGTON (AP) - With higher taxes on the wealthy and billions in new spending, President Barack Obama's no-balance budget lays down an audacious challenge to Republicans who swept to full control of Congress last fall and now claim a mandate to eliminate deficits over the next decade.

Apple turning closed Arizona facility into data center

PHOENIX (AP) - Tech giant Apple says it will invest billions of dollars to open a data center in the Phoenix suburb of Mesa that will be the company's fifth in the U.S. and serve as a control facility for the other four.

Apple turning closed Arizona facility into data center

PHOENIX (AP) - Tech giant Apple said Monday it will invest $2 billion over 10 years to open a data center in the Phoenix suburb of Mesa that will be the company's fifth in the U.S. and serve as a control facility for the other four.

Hey, (Not-As) Big Spender! Tech firms hint at more restraint

SAN FRANCISCO (AP) - Technology's big-spending trio of Google, Facebook, and Amazon.com appear to be tightening their belts - at least a notch - in a concession to cost-conscious investors and a strong dollar that's taking a big bite out of their revenue.

Low prices raise alarm in North Dakota oil patch

WATFORD CITY, N.D. (AP) - High crude prices catapulted North Dakota into the top tier of the global oil market and doubled or tripled the size of once-sleepy towns that suddenly had to accommodate a small army of petroleum workers.

Low prices raise alarm in North Dakota oil patch

WATFORD CITY, N.D. (AP) - High crude prices catapulted North Dakota into the top tier of the global oil market and doubled or tripled the size of small towns that had to accommodate a small army of petroleum workers.

Obama's budget targets high cost of cutting-edge drugs

WASHINGTON (AP) - Patients face ever-growing exposure to the cost of revolutionary new medications. Now, President Barack Obama's budget has reopened the debate on using the government's buying power to squeeze drug makers for lower prices.

Obama's budget targets high cost of cutting-edge drugs

WASHINGTON (AP) - With patients facing more exposure to the cost of revolutionary new medications, the budget President Barack Obama released Monday reopened a debate on whether government should use its buying power to squeeze the pharmaceutical industry for lower prices.

Obama says budget must balance economic, national security

WASHINGTON (AP) - President Barack Obama warned congressional Republicans Monday that he won't accept a spending plan that boosts national security at the expense of domestic programs for the middle class. He also called on them not to saddle legislation that pays for homeland security operations with contentious provisions on immigration.

EU, Polish leaders discuss energy security plan

WARSAW, Poland (AP) - The European Union energy commissioner and Polish leaders discussed on Monday plans for an EU energy union aimed at greater security at a time of troubled ties with major gas supplier Russia.

Ebola vaccines testing starts in Liberia

MONROVIA, Liberia (AP) - Large-scale human testing of two potential Ebola vaccines got under way in Liberia's capital Monday, part of a global effort to prevent a repeat of the epidemic that has now claimed nearly 9,000 lives in West Africa.

US factories grew last month at slowest pace in a year

WASHINGTON (AP) - US factories expanded last month at the slowest pace in a year, as orders, production, and hiring all declined. The figures suggested manufacturing may not add much to growth in the first few months of this year.

Founder Wilson resigns from Lululemon board

NEW YORK (AP) - Chip Wilson, the founder of Lululemon Athletica Inc. who resigned as chairman last year after controversy about comments he made about customers' body types, has stepped down from the yoga clothing company's board.

Ecuador president's social media counter attack

QUITO, Ecuador (AP) - Far from laughing along with those who poke fun at him on social media, President Rafael Correa has created a website and Twitter account to marshal digital counterattacks by his supporters against the "defamers."

EU, Polish leaders discuss energy security plan

WARSAW, Poland (AP) - The European Union energy commissioner and Polish leaders have discussed plans for an EU energy union aimed at greater security at a time of troubled ties with major gas supplier Russia.

Exxon 4Q profit sags, but taxes, Venezuela ruling help

IRVING, Texas (AP) - Exxon Mobil Corp.'s earnings fell 21 percent in the fourth quarter because of a sharp drop in global crude oil prices. But results still beat Wall Street expectations on lower taxes, a favorable ruling in a dispute with Venezuela, and a strong performance from its chemical division.

Sysco in deal to sell 11 distribution centers

HOUSTON (AP) - Food supply company Sysco has agreed to sell 11 distribution centers to Performance Foods Group in order to alleviate Federal Trade Commission concerns over its pending $3.5 billion acquisition of rival U.S. Foods.

Exxon beats 4Q profit forecasts

IRVING, Texas (AP) - IRVING, Texas (AP) - Exxon Mobil Corp. (XOM) on Monday reported fourth-quarter earnings of $6.57 billion.

Sysco in deal to sell 11 distribution centers

HOUSTON (AP) - Food supply company Sysco has agreed to sell 11 distribution centers to Performance Foods Group in order to alleviate Federal Trade Commission concerns over its pending $3.5 billion acquisition of rival U.S. Foods.

Saudi prince's new news channel halts broadcasting

MANAMA, Bahrain (AP) - A new pan-Arab news channel backed by a billionaire Saudi prince was suspended from broadcasting from its home in Bahrain on Monday, just hours after it went on air and carried an interview with a prominent opposition activist.

Woman's claims about Prince Andrew, others reignite sex case

MIAMI (AP) - First came the allegations late last year that Britain's Prince Andrew and a prominent American lawyer took part in a wealthy sex offender's abuse of teenage girls aboard private jets, in luxury homes and on the financier's Caribbean island.

Rules are coming on payday loans to shield borrowers

WASHINGTON (AP) - Troubled by consumer complaints and loopholes in state laws, federal regulators are putting together the first rules on payday loans aimed at helping cash-strapped borrowers avoid falling into a cycle of high-rate debt.

Payday loan usage rates, by state

The share of people in each state who reported taking out a payday loan in the past five years, which ranged from 1 percent to 13 percent, according to a 2012 survey by Pew Charitable Trusts. Because the Pew survey was only conducted in the continental U.S., the figures do not include Alaska or Hawaii. In cases where states had too few survey respondents, the percentage is not reported and marked with an X:

O'Malley points to financial regulation as a campaign issue

MYRTLE BEACH, S.C. (AP) - Former Maryland Gov. Martin O'Malley, who is considering entering the Democratic presidential race, said Saturday that financial regulation needs to be at the forefront of the 2016 campaign and suggested big banks need to be broken up if they might harm the nation.

Better plane tracking trialed after Malaysia plane mystery

SYDNEY (AP) - Australia, Indonesia and Malaysia will lead a trial to enhance the tracking of aircraft over remote oceans, allowing planes to be more easily found should they vanish like Malaysia Airlines Flight 370, Australia's transport minister said Sunday.

Officials meet to address safety after aviation calamities

WASHINGTON (AP) - Government and aviation industry officials from dozens of countries are meeting in Montreal this week to try to find consensus on how to keep from losing airliners like the one that vanished without a trace in Asia and another shot down in Eastern Europe.

APNewsBreak: Obama ties foreign profits tax to public works

WASHINGTON (AP) - President Barack Obama's budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials said.

Regulators prepare rules on payday loans to shield borrowers

WASHINGTON (AP) - Troubled by consumer complaints and loopholes in state laws, federal regulators are putting together the first-ever rules on payday loans aimed at helping cash-strapped borrowers avoid falling into a cycle of high-rate debt.

A look at rates for payday loan usage, broken down by state

The share of people in each state who reported taking out a payday loan in the past five years, which ranged from 1 percent to 13 percent, according to a 2012 survey by Pew Charitable Trusts. Because the Pew survey was only conducted in the continental U.S., the figures do not include Alaska or Hawaii. In cases where states had too few survey respondents, the percentage is not reported and marked with an X:

Officials meet to address safety after aviation calamities

WASHINGTON (AP) - Government and aviation industry officials from dozens of countries are meeting in Montreal this week to try to find consensus on how to keep from losing airliners like the one that vanished without a trace in Asia and another shot down in Eastern Europe.

Obama budget offers contrasts, long-shot deals with GOP

WASHINGTON (AP) - With a blend of tax hikes and spending increases, President Barack Obama's budget spells out a policy agenda that will distinguish him from Republicans who now control Congress. It also will contain what amount to opening bids for some long-shot compromises.

US prosecutors: New spy case shows Russia up to old tricks

NEW YORK (AP) - Three men accused in the latest Russian spy case didn't hide behind fake identities and weren't stealing military secrets. The evidence even suggests they were annoyed that their assignment wasn't more like a James Bond film.

Family Business Spotlight: Resource International

A woman-owned engineering-consulting firm, Resource International Inc. provides civil engineering; construction management and administration; IT; surveying, geotechnical and environmental services.

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