Columbus CEO Archives

July 2015 Edition

Back to Archived Editions

Bahamas concerned about US ruling for resort developer

KINGSTON, Jamaica (AP) - The Bahamas attorney general expressed frustration Thursday with a decision by the developer of a $2.5 billion hotel-and-casino project in Nassau to file for bankruptcy protection in a U.S. court.

Bahamas concerned about US ruling for resort developer

KINGSTON, Jamaica (AP) - The Bahamas attorney general has expressed frustration with a decision by the developer of a $2.5 billion hotel-and-casino project in Nassau to file for bankruptcy protection in a U.S. court.

How the Dow Jones industrial average fared on Thursday

Stocks ended a tumultuous trading week with a slight loss on Thursday as investors sought safety ahead of an extended Independence Day weekend. Investors sold after the release of a downbeat report from the International Monetary Fund on Greece's finances as the country prepares for a Sunday vote on terms of its bailout. U.S. markets will be closed Friday.

'Citizen of the year' gets 14 years in California fraud case

LOS ANGELES (AP) - A former California real estate developer once honored as his city's citizen of the year was sentenced Thursday to the maximum 14 years in prison for bilking investors who poured millions of dollars into failed development projects.

$18.7B deal clears path for BP to close books on Gulf spill

NEW ORLEANS (AP) - Trying to close the books on the worst offshore oil spill in U.S. history, BP agreed Thursday to provide billions of dollars in new money to five Gulf Coast states in a deal the company said would bring its full obligations to an estimated $53.8 billion.

Egypt passes new budget for fiscal year 2015-2016

CAIRO (AP) - Egypt's president has approved a new budget for fiscal year 2015-2016, slashing the projected budget deficit to 8.9 percent of gross domestic product, the country's finance ministry said Thursday, in a move likely to please international creditors.

'Citizen of the year' gets 14 years in California fraud case

LOS ANGELES (AP) - A former California real estate developer once honored as his city's citizen of the year was sentenced Thursday to 14 years in prison for bilking investors who poured millions of dollars into failed development projects.

Egypt passes new budget for fiscal year 2015-2016

CAIRO (AP) - Egypt's president has approved a new budget for fiscal year 2015-2016, slashing the projected budget deficit to 8.9 percent of gross domestic product in a move likely to please international creditors. The revised budget deficit for the previous year is 10.8 percent.

Cuba launches 1st public Wi-Fi hotspots on Havana avenue

HAVANA (AP) - Cuban authorities have launched public Wi-Fi hotspots along a main avenue that is the heart of Havana's cultural and social life, the first step in government promises to gradually roll out such connectivity options on an island that the Internet revolution has largely passed by.

Federal government to step up bird flu monitoring this fall

MINNEAPOLIS (AP) - The federal government has announced plans to step up monitoring of wild birds for avian influenza this fall to provide an early warning of any resurgence of a disease that devastated poultry farms in the Upper Midwest.

FDA clears drug for leading form of cystic fibrosis

WASHINGTON (AP) - Federal health officials have approved a new combination drug for the most common form of cystic fibrosis, the debilitating inherited disease that causes internal mucus buildup, lung infections and early death.

FDA clears drug for leading form of cystic fibrosis

WASHINGTON (AP) - Federal health officials have approved a new combination drug for the most common form of cystic fibrosis, the debilitating inherited disease that causes internal mucus buildup, lung infections and early death.

Whole Foods CEOs apologize for pricing problems

NEW YORK (AP) - Whole Foods Market's CEOs apologized Thursday for pricing issues at its stores, a week after a New York investigation found that the natural food grocer routinely overcharged for prepackaged fruits, vegetables and deli meats.

Ford recalls 433K cars because of software problem

NEW YORK (AP) - Ford is recalling 433,000 vehicles, including 2015 Focus, C-MAX and Escape models, because of a software problem that could keep their engines running after drivers try to shut them down.

Intel President Renee James to leave chipmaker

NEW YORK (AP) - Intel said Thursday that President Renee James, who has worked at the chipmaker for 28 years, plans to leave the company early next year to seek a CEO role elsewhere.

US factory orders fell 1 percent in May

WASHINGTON (AP) - Orders to U.S. factories fell in May by the largest amount in three months, while a key category that signals business investment plans dropped for a second month.

US factory orders fell 1 percent in May

WASHINGTON (AP) - Orders to U.S. factories fell in May by the largest amount in three months, while a key category that signals business investment plans dropped for a second month.

Bleisure Bits: Convention diversions in Big Sky, Montana

BIG SKY, Mont. (AP) - The morning stretched ahead of me with my breakfast meeting finished and my lunch meeting hours away. So while the rest of the conference attendees headed for the next presentation, I played hooky to try hooking a trout on one of Montana's blue-ribbon streams that just happened to be across the roadway.

Barnes & Noble names Sears Canada CEO for retail business

NEW YORK (AP) - Barnes & Noble, which is splitting into two companies next month, named Sears Canada CEO Ronald Boire to lead its retail operations and said company CEO Michael Huseby will become executive chairman its educational wing.

China's Evergrande Taobao team applies for stock listing

HONG KONG (AP) - Chinese soccer team Guangzhou Evergrande Taobao, owned by e-commerce giant Alibaba and one of the country's biggest property developers, could become the first club listed in Asia after applying to the Chinese stock market.

Barnes & Noble taps Sears Canada CEO for retail business

NEW YORK (AP) - Barnes & Noble, which plans to split into two companies next month, has tapped Sears Canada CEO Ronald Boire to lead the bookseller's retail business. After the split, current CEO Michael Huseby will become executive chairman of the separate college bookstore business.

Greek vote campaign begins amid grinding cash crisis

ATHENS, Greece (AP) - The battle for Greek votes entered full swing Thursday ahead of a crucial weekend referendum that could decide whether the country falls out of the euro. For Greeks, particularly the elderly, the daily struggle to get cash ground on in the face of uncertainty.

US employers add 223K jobs; jobless rate falls to 5.3 pct.

WASHINGTON (AP) - U.S. employers added a solid 223,000 jobs in June, and the unemployment rate fell to 5.3 percent, a seven-year low. The numbers show the job market moving close to full health and raising expectations that the Federal Reserve will start raising interest rates as early as September.

Scripps buys controlling share in Polish broadcaster

WARSAW, Poland (AP) - The U.S. media company Scripps Networks Interactive Inc. has finalized an agreement for a controlling stake in Poland's largest commercial broadcaster, a 584 million-euro ($650 million) deal that comes as the U.S. company expands into Europe.

French court: No compensation over faulty breast implants

PARIS (AP) - A French appeals court ruled Thursday that a German product-testing company does not have to compensate more than 3,000 women with leak-prone breast implants - and now the women may have to pay back more than 11 million euros ($12 million) in collective damages they received in a lower-court ruling.

Taiwan pilot in February TransAsia crash described as hasty

TAIPEI, Taiwan (AP) - A pilot described by colleagues as nervous and hasty mistakenly throttled down a still-running engine following a glitch with the other engine in an airline crash that killed 43 people in Taiwan in February, flight safety officials said Thursday.

Macy's dumps Trump; New York City reviewing contracts

LOS ANGELES (AP) - The Macy's department store chain joined an ongoing exodus from association with Donald Trump and New Mexico's governor and New York City's mayor slammed him over his comments on Mexican immigrants.

Greece in limbo: Shuttered banks keep lifeline

ATHENS, Greece (AP) - Greece braced for more chaos on the streets outside its mostly shuttered banks Thursday, as Athens and its creditors halted talks on resolving the country's deepening financial crisis until a referendum this weekend.

Former federal agent pleads guilty to extortion

SAN FRANCISCO (AP) - A former undercover drug agent pleaded guilty Wednesday to extortion and other charges after authorities said he used his position to steal more than $700,000 in digital currency, most of it siphoned from an online drug bazaar known as Silk Road that he infiltrated as part of a federal investigation.

A look at Hillary Clinton's 2007-2014 federal tax returns

Federal income tax returns from 2007 through 2014 for Hillary Rodham Clinton and her husband, former President Bill Clinton, show a surge in earnings in recent years and provide new details on aspects of their business dealings.

US sues to block GE appliance business sale to Electrolux

NEW YORK (AP) - The U.S. government is seeking to stop Electrolux from buying General Electric's appliance division, saying the combined company would dominate sales of ovens and other cooking-related kitchen appliances, especially to customers like home builders, property managers, hotels, and governments.

Hewlett-Packard moves forward with plan to split in 2

SAN FRANCISCO (AP) - Hewlett-Packard is moving forward with plans to split into two companies, filing paperwork to create a new entity that will sell commercial technology, while a separate spinoff will sell personal computers and printers.

Former federal agent pleads guilty to stealing bitcoins

SAN FRANCISCO (AP) - A former undercover federal agent pleaded guilty to extortion and related charges after acknowledging he channeled more than $700,000 in digital currency from the Silk Road online drug bazaar he was investigating.

California slips back to No. 8 economy in world

SACRAMENTO, Calif. (AP) - Less than a month after edging out Brazil, California has slipped back to its ranking as the eighth-largest economy in the world based off an update of global economic data released Wednesday.

How the Dow Jones industrial average fared on Wednesday

Stocks closed higher Wednesday as investors became optimistic that a deal could be struck on Greece's debt issues. Hopes were raised after Greece's government appeared to soften its stance toward its creditors. However, European officials ruled out any deal before a Greek referendum on the matter, scheduled for this weekend.

CEOs of mortgage giants Fannie and Freddie get big raises

NEW YORK (AP) - The CEOs of government-backed mortgage giants Fannie Mae and Freddie Mac are getting large raises, to about $4 million a year, as the government relaxes rules that were imposed on the companies after they suffered big losses and were bailed out.

Argentina recalls its financial crisis, advises Greece

BUENOS AIRES, Argentina (AP) - As Argentines closely watch the financial turmoil in Greece recalling their own worst crisis 14 years ago, the architect of the South American country's recovery has a message for the European nation: renegotiate your debt.

CEOs of mortgage giants Fannie and Freddie get big raises

NEW YORK (AP) - The CEOs of government-backed mortgage giants Fannie Mae and Freddie Mac are getting large raises, to about $4 million a year, as the government relaxes rules that were imposed on the companies after they suffered big losses and were bailed out.

Golf organizations distance themselves from Trump

Four golf organizations that have tournaments scheduled at Donald Trump courses do not share his views - not on Mexican immigrants, or recent comments that the golf industry knows that he's right.

US sues to block GE appliance business sale to Electrolux

NEW YORK (AP) - The U.S. government is suing to stop Electrolux from buying General Electric's appliance division, saying the combined company would dominate sales of kitchen appliances to customers like home builders, property managers, hotels, and governments.

Obama in Tennessee to talk about improving health care law

NASHVILLE, Tenn. (AP) - President Barack Obama is using the momentum from a recent Supreme Court victory for his health care law to change the conversation from talk about undoing his signature domestic achievement to talk about how to improve it.

Noah's ark developer seeking lost Kentucky tax incentive

FRANKFORT, Ky. (AP) - Lawyers for a Christian ministry that's building a Noah's ark theme park in Kentucky say state officials violated First Amendment religious protections when they denied the project a state tax incentive worth millions.

Obama in Tennessee to talk about improving health care law

NASHVILLE, Tenn. (AP) - President Barack Obama is using the momentum from a recent Supreme Court victory for his health care law to change the conversation from talk about undoing his signature domestic achievement to talk about how to improve it.

Back to Archived Editions