Columbus CEO Archives

December 2015 Edition

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Cargo ship, crew stuck outside Minnesota harbor nearly month

MINNEAPOLIS (AP) - A German-operated cargo ship and crew have been stuck at anchor outside the Lake Superior port of Duluth for close to a month for unspecified environmental violations, with no resolution in sight despite the upcoming closure of the St. Lawrence Seaway for winter, officials said Wednesday.

General Electric to pay $2.25 million for air pollution

WATERFORD, N.Y. (AP) - General Electric Co. has agreed to pay a $2.25 million penalty for releasing unsafe levels of air pollution from a hazardous waste incinerator in upstate New York and submitting false pollution control records.

Zuckerberg's huge pledge reflects a new era in philanthropy

NEW YORK (AP) - The huge philanthropic pledge by Facebook CEO Mark Zuckerberg and his wife - totaling perhaps $45 billion - reflects the fast-paced emergence of a new Gilded Age of giving. The changes excite many in the charity world but also raise questions about effectiveness, ethics and the impact on older charities that may not share in any windfall.

Zuckerberg's huge pledge reflects a new era in philanthropy

NEW YORK (AP) - The huge philanthropic pledge by Facebook CEO Mark Zuckerberg and his wife - totaling perhaps $45 billion - reflects the fast-paced emergence of a new Gilded Age of giving. The changes excite many in the charity world, but also raise questions about effectiveness, ethics and the impact on older charities that may not share in any windfall.

Yahoo mulls shareholder demand to sell Internet business

SAN FRANCISCO (AP) - Yahoo's board is considering an activist shareholder's demand to sell the Internet services the company is best known for, a maneuver that might help the company dodge a tax bill of more than $10 billion looming over its holdings in China's Alibaba Group.

Cargo ship, crew stuck outside Duluth harbor nearly a month

MINNEAPOLIS (AP) - A German-operated cargo ship and crew have been stuck at anchor outside the Lake Superior port of Duluth for close to a month for unspecified environmental violations and there's no resolution in sight despite the upcoming closure of the St. Lawrence Seaway for the winter, officials said Wednesday.

Self-cleaning litter box fuels online pet supply sales

LOS ANGELES (AP) - Heather and Bobby Hill found their pot of gold in cat poop. Sales of a litter box that automatically cleans itself have been creeping up for years but in the last two, they grew nearly 400 percent and turned December into the couple's busiest time of year instead of its slowest.

How the Dow Jones industrial average fared on Wednesday

Stocks sank Wednesday as a sharp drop in the price of oil dragged down energy companies. U.S. crude closed below $40 a barrel for the first time since August after the government reported a surprise jump in inventories, suggesting slack demand.

India, Brazil resist bid for long-term carbon goals

LE BOURGET, France (AP) - Attempts to inscribe a long-term goal to phase out carbon emissions in an envisioned global climate pact are facing pushback at U.N. talks from big developing countries including India and Brazil.

Clinton promotes $275B infrastructure plan in Florida visit

ORLANDO, Fla. (AP) - Democratic presidential candidate Hillary Clinton said Wednesday that Republican rivals Ted Cruz and Marco Rubio would "slash" spending on projects to fix aging roads and bridges, urging Congress to pass a plan to rebuild the nation's transportation system.

2014 US health spending grew at fastest rate of Obama years

WASHINGTON (AP) - A government report says U.S. health care spending last year grew at the fastest pace since President Barack Obama took office, driven by expanded coverage under his namesake law and zooming prescription drug costs.

2014 US health spending grew at fastest rate of Obama years

WASHINGTON (AP) - U.S. health care spending last year grew at the fastest pace since President Barack Obama took office, driven by expanded coverage under his namesake law and by zooming prescription drug costs, the government said Wednesday.

Yahoo mulls shareholder demand to sell Internet business

SAN FRANCISCO (AP) - Yahoo's board is considering an activist shareholder's demand to sell the Internet services the company is best known for, a maneuver that might help the company dodge a tax bill of more than $10 billion looming over its holdings in China's Alibaba Group.

Clinton promotes $275B infrastructure plan in Florida visit

ORLANDO, Fla. (AP) - Democratic presidential candidate Hillary Clinton says Republican rivals Ted Cruz and Marco Rubio would "slash" spending on projects to fix aging roads and bridges, urging Congress to pass a plan to rebuild the nation's transportation system.

Cargo ship, crew stuck outside Duluth harbor nearly a month

MINNEAPOLIS (AP) - A German-operated cargo ship and crew have been stuck at anchor outside the Lake Superior port of Duluth for close to a month for unspecified environmental violations and there's no resolution in sight despite the upcoming closure of the St. Lawrence Seaway for the winter, officials said Wednesday.

Man guilty in Web dating scam; also ran Pharrell show scheme

PITTSBURGH (AP) - A man who the FBI says conned a South Korean steel company out of $375,000 by falsely claiming he could help them book a Pharrell concert has pleaded guilty to online dating scams that cost a western Pennsylvania woman and others nearly $1 million.

Chinese president in South Africa to discuss trade

PRETORIA, South Africa (AP) - Welcomed by a military band and a guard of honor, Chinese President Xi Jinping began a state visit to South Africa on Wednesday, part of China's effort to strengthen economic ties with Africa.

List: Yahoo's top 10 searches of the year

NEW YORK (AP) - Internet company Yahoo on Wednesday released its list of the top 10 searches made on the site in 2015. Most of top searches were celebrities, including Kim Kardashian and Jennifer Aniston.

Yellen says economy on track ahead of expected rate hike

WASHINGTON (AP) - Federal Reserve Chair Janet Yellen on Wednesday indicated that the U.S. economy is on track for an interest rate hike this month, but she said the Fed will need to review incoming data before making a final decision.

Nokia shareholders give green light to Alcatel acquisition

HELSINKI (AP) - Nokia shareholders have overwhelmingly approved the acquisition of ailing French telecom Alcatel-Lucent, removing one of the last hurdles to the 15.6 billion euro deal that will make the Finnish company a market leader in networks.

Portugal's new PM promises tax relief for middle class

LISBON, Portugal (AP) - Portugal's new anti-austerity prime minister said Wednesday he intends to free the country's middle-class from "suffocating taxes" as part of his plan to relaunch the economy, despite fears the belt-loosening could bring back the eurozone country's debt problems.

Wisconsin lab settles Medicare fraud allegations

MADISON, Wis. (AP) - A laboratory company in western Wisconsin and its owners have agreed to pay the federal government $8.5 million to settle claims it submitted false billing information to Medicare.

Toyota Tacoma adds power and towing capacity for 2016

Toyota's 2016 Tacoma is a tough, capable pickup with new interior, more power than ever, better fuel efficiency than its predecessor and a built-in GoPro camera mount next to the rearview mirror to capture every adventure.

Small businesses maintain slower pace of hiring in November

DOWNBEAT TREND: Small business hiring continued at a slower pace in November, with companies adding 81,000 jobs, payroll provider ADP said Wednesday, relying on data provided by its customers. Small company hiring has slowed in the second half of 2015, with an average 75,400 jobs added per month, compared to 107,000 the first six months of the year. In September, only 52,000 jobs were created.

Russia: Turkish president benefits from IS oil trade

MOSCOW (AP) - Sharply raising the stakes in Moscow's spat with Ankara, Russia's top military brass on Wednesday accused Turkish President Recep Tayyip Erdogan and his family of personally profiting from oil trade with Islamic State militants.

Chinese president in South Africa to discuss trade

PRETORIA, South Africa (AP) - Welcomed by a military band and a guard of honor, Chinese President Xi Jinping began a state visit to South Africa on Wednesday, part of China's effort to strengthen economic ties with Africa.

US productivity grows at 2.2 percent rate in third quarter

WASHINGTON (AP) - U.S. productivity this summer grew at a faster rate than first thought, though it still lagged the pace set in the spring. Labor costs were also revised up, but the modest upward pace does not raise concerns about inflation.

Eurozone inflation stays low as ECB prepares for action

BRUSSELS (AP) - Inflation across the 19-country eurozone remained at a low annual rate of 0.1 percent in November, official figures showed Wednesday, in a development that strengthens the case for the European Central Bank to deliver a further big stimulus for the region this week.

Thai aviation authorities acknowledge US safety downgrade

BANGKOK (AP) - Thai officials on Wednesday acknowledged weaknesses that caused the United States to downgrade the safety rating of the country's aviation industry, saying its growth outpaced the ability of regulators to keep up.

Spanish unemployment figures drop ahead of election

MADRID (AP) - Official figures show the number of Spanish people registered as unemployed fell by 27,071 in November, the biggest drop on record for that month and welcome news for the conservative government ahead of Dec. 20 general elections.

Growing push to expose more students to computer science

MARYSVILLE, Wash. (AP) - Moving her finger over the laptop trackpad, 6-year-old Lauren Meek drags and drops a block of code to build a set of instructions. She clicks the "run" button and watches as the character moves through a maze. She then pumps her fist in excitement.

Growing push to expose more students to computer science

MARYSVILLE, Wash. (AP) - For this first time this fall, most elementary school students in the Marysville School District in Washington state are getting 40-minute weekly computer science lessons as part of their core instruction.

Air quality issues topic of Utah Supreme Court hearing

SALT LAKE CITY (AP) - Environmental advocates will try to persuade the Utah Supreme Court Wednesday that the state's approval of an oil refinery expansion would add to air quality woes in northern Utah, parts of which suffer from some of the nation's worst air in winter.

Air quality issues topic of Utah Supreme Court hearing

SALT LAKE CITY (AP) - Environmental advocates will try to persuade the Utah Supreme Court on Wednesday that the state's approval of expansion at the Tesoro oil refinery would add to northern Utah's air-quality woes.

Lawsuit: NYC landlords pushing out seniors, disabled

NEW YORK (AP) - A lawsuit filed in New York City claims seniors and disabled tenants are being forced out of their apartments by landlords who are increasingly converting rentals into lucrative condos and co-ops.

Lawsuit: NYC landlords pushing out seniors, disabled

NEW YORK (AP) - Inspired by his own experience living in a New York City apartment building that was converted into high-priced condos, a 71-year-old former state regulator is taking on developers citywide on behalf of seniors and disabled tenants.

Facebook CEO, now a father, will give away most of his money

SAN FRANCISCO (AP) - Talk about birth announcements: Facebook CEO Mark Zuckerberg and his wife say they'll devote nearly all their wealth - roughly $45 billion - to solving the world's problems in celebration of their new baby daughter, Max.

Congress reaches deal on 5-year transportation bill

WASHINGTON (AP) - The House and Senate have reached agreement on a 5-year, $281 billion transportation bill that would increase spending to address the nation's aging and congested highways and transit systems - a legislative feat that lawmakers and President Barack Obama have struggled throughout his administration to achieve.

Giving Guide: Six Central Ohio Companies Discuss Corporate Philanthropy

Charitable giving is big business, and big businesses are increasingly strategic and thoughtful in how they approach their philanthropy. To examine how corporate philanthropy is changing, Columbus CEO and the Columbus Foundation teamed up to invite six local companies to discuss their approaches.

Figures on government spending and debt

Figures on government spending and debt
WASHINGTON (AP) Figures on government spending and debt (last six digits are eliminated).
The government's fiscal year runs Oct. 1 through Sept. 30.
Total public debt subject to limit Nov 3018,787,182
Statutory debt limitsuspended
Total public debt outstanding Nov 3018,827,323
Operating balance Nov...

Gulf oil spill: Judge fines minority owner $159M

NEW ORLEANS (AP) - A federal judge says a minority owner of the well that spewed 130 million gallons of oil into the Gulf of Mexico in 2010 must pay $159.5 million in Clean Water Act fines.

Congress reaches deal on 5-year transportation bill

WASHINGTON (AP) - The House and Senate have reached agreement on a 5-year, $281 billion transportation bill that would increase spending to address the nation's aging and congested highways and transit systems - a legislative feat that lawmakers and President Barack Obama have struggled throughout his administration to achieve.

Zuckerberg is a dad, and he's giving away most of his money

SAN FRANCISCO (AP) - Facebook CEO Mark Zuckerberg and his wife announced the birth of their daughter Max as well as plans to donate most of their wealth, or roughly $45 billion, to a new organization that will tackle a broad range of the world's ills.

How the Dow Jones industrial average fared on Tuesday

Stocks started off December on a strong note, helped by improving economic data from Japan and Europe as well as hopes that the European Central Bank will expand its stimulus program. Trading remained relatively quiet ahead of the release later this week of the U.S. government's monthly jobs survey and a Federal Reserve meeting later this month.

AP EXPLAINS: Puerto Rico's struggle with $72B of public debt

Puerto Rico is staggering under a $72 billion public debt load that its governor has said the U.S. territory cannot pay and must restructure. The island has missed a debt payment and its worsening economic crisis has spooked investors who fear it's headed toward default, with no options for a bailout or bankruptcy declaration. Here's a brief explanation of how Puerto Rico accumulated so much debt, how its territorial status complicates matters and how it could emerge from a nearly decade-long...

Ford adding 2,000 jobs to make 2017 aluminum-body Super Duty

LOUISVILLE, Ky. (AP) - Ford Motor Co. said Tuesday that it will add 2,000 jobs and invest $1.3 billion at the Kentucky Truck Plant to support production of new aluminum-body Super Duty trucks, deepening the automaker's ties to a city where it has two large production facilities.

FIFA sponsors demand 'independent oversight' of reforms

LONDON (AP) - Five World Cup sponsors have written to FIFA's executive committee demanding "independent oversight" of the reform process in their latest intervention that highlights concerns about their links to soccer's scandal-battered governing body.

Puerto Rico makes debt payment, warns of dwindling funds

SAN JUAN, Puerto Rico (AP) - Puerto Rico narrowly avoided a multimillion-dollar default on Tuesday by announcing a last-minute bond payment while warning that a deepening financial crisis has forced the government to divert money slated for future debt payments to avoid a shutdown of basic services.

Copper clothing maker to settle on deceptive ads

NEW YORK (AP) - A company that makes copper-infused clothing agreed to pay $1.35 million to settle government charges that it falsely claimed that its garments could relieve pain and inflammation caused by arthritis, multiple sclerosis and other diseases.

BC-Business News Digest

Here are AP Business News' latest coverage plans, top stories and promotable content. All times EST.

Congress reaches deal on 5-year transportation bill

WASHINGTON (AP) - The House and Senate have reached agreement on a 5-year, $281 billion transportation bill that would increase spending to address the nation's aging and congested highways and transit systems.

Copper clothing maker to settle on deceptive ads

NEW YORK (AP) - A company that makes copper-infused clothing will pay $1.35 million to settle government charges that it claimed falsely that its garments could relieve pain and inflammation caused by arthritis, multiple sclerosis and other diseases.

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 Friday Nov. 20, to Thursday, Nov. 26, via Facebook, Tumblr, Twitter and Spotify.

Jurors still deadlocked in ex-coal CEO Blankenship trial

CHARLESTON, W.Va. (AP) - Jurors said Tuesday they are still deadlocked in the trial of ex-Massey Energy CEO Don Blankenship, prompting a federal judge to advise them they can return a partial verdict if they agree on a portion of the charges.

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 Friday Nov. 20 to Thursday, Nov. 26, via Facebook, Tumblr, Twitter and Spotify.

UnitedHealth CEO terms ACA exchange growth a 'bad decision'

UnitedHealth CEO Stephen Hemsley offered a mea culpa Tuesday for his company's decision to dive deeper into the Affordable Care Act's public insurance exchanges, a move that ultimately forced the nation's largest health insurer to cut its earnings forecast.

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