Business

Pensions at heart of Stockton, Calif., bankruptcy

April 2, 2013

SACRAMENTO, Calif. (AP) — On its first official day in bankruptcy, the city of Stockton now must grapple with the hard part of reorganizing its financial affairs — how to share the financial burden equitably among creditors while meeting its massive state pension obligations. At the conclusion of a three-day trial, a judge on Monday Read More

Where’s the beef (from)?

SHERIDAN — Sheridan area ranchers are criticizing a new rule handed down by the U.S. Department of Agriculture, saying it places an undue burden on independent cattle producers. The animal disease traceability rule, which went into effect last month, creates additional livestock identification measures for producers looking to ship animals out of state. Ostensibly, the Read More

Move over chicken: Boston Market introduces ribs

April 1, 2013

NEW YORK (AP) — Boston Market is expanding beyond its well-known rotisserie chicken offering for a new meat: ribs. The Golden, Colo.-based chain hopes the ribs, its biggest new food launch in six years, will help bring new customers into its restaurants.

Is home where the profit is?

NEW YORK (AP) — J.C. Penney is honing in on its home department as part of a bigger plan to turn its stores into mini-malls of sorts. The struggling department-store chain is unveiling revamped home areas within its stores that feature 20 boutiques that highlight 50 new brands. The areas will include an eclectic mix Read More

NYC deal is key in sick days push, advocates say

March 30, 2013

NEW YORK (AP) — Hundreds of thousands of workers in New York City are poised to get paid sick days in what may prove a pivotal moment in a national debate over whether businesses should be required to provide them. After reaching a deal that could affect about 1 million workers in settings ranging from Read More

Dell opens window on efforts to sell company

SAN FRANCISCO (AP) — Dell ‘s financial advisers tried to persuade 71 potential bidders to make an offer for the troubled personal computer maker before two of them emerged to challenge a proposed $24.4 billion deal with the company’s founder, according to documents filed Friday. The wide-ranging efforts to ignite a bidding contest for Dell Read More

NYC Council speaker: Sick leave plan a balance

March 29, 2013

NEW YORK (AP) — A plan to require thousands of New York City businesses to provide paid sick leave balances workers’ needs with businesses’ concerns, City Council Speaker Christine Quinn said Friday, a day after announcing that lawmakers and advocates reached a deal on the hotly contested issue. Meanwhile, Mayor Michael Bloomberg said he’d veto Read More

Monroe, Eisenhower letters to be auctioned

NEW YORK (AP) — Marilyn Monroe’s letter of despair to mentor Lee Strasberg and Dwight D. Eisenhower’s heartfelt missives to his wife during World War II are among hundreds of historical documents being offered in an online auction. Monroe’s handwritten, undated letter to the famed acting teacher is expected to fetch $30,000 to $50,000 in Read More

NY top court OKs tax on online sellers like Amazon

March 28, 2013

ALBANY, N.Y. (AP) — New York’s highest court ruled Thursday the state can collect sales tax from out-of-state retailers, rejecting claims by Amazon.com and Overstock.com that the tax law violates the U.S. Constitution’s Commerce Clause. The Court of Appeals said in a 4-1 ruling that the 2008 amendment meets the U.S. Supreme Court test that Read More

U.S. jobless claims jump 16,000 to 357,000

WASHINGTON (AP) — The number of Americans seeking unemployment benefits jumped by 16,000 last week, the second straight weekly increase. But the longer-term trend in layoffs remained consistent with an improved job market. Applications increased to a seasonally adjusted 357,000 for the week ending March 23, the Labor Department said Thursday. That’s up from 341,000 Read More

Panera trying new pay-what-you-want experiment

March 27, 2013

ST. LOUIS (AP) — Order a bowl of turkey chili at a St. Louis-area Panera Bread cafe and it’ll cost you a penny. Or $5. Or $100. In other words, whatever you decide. Three years after launching the first of five pay-what-you-want cafes, the suburban St. Louis-based chain on Wednesday quietly began its latest charitable Read More

Signed contracts to buy US homes dips slightly

WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in February, but the level stayed close to a nearly three-year high. The report suggests sales of previously occupied homes will keep rising in the coming months. The National Association of Realtors said Wednesday that its seasonally adjusted index for pending home sales dipped to Read More

WCDA: Local housing market challenging for young people

March 26, 2013

SHERIDAN — New figures from the Wyoming Community Development Association suggest that Sheridan County’s rapidly aging population is making it difficult for younger people to gain a foothold in the area’s housing market. While Wyoming’s market remains generally favorable to buyers, affordable housing is harder to come by in Sheridan County than in much of Read More

three free workshops Sat.

SHERIDAN — Landon’s Greenhouse and Nursery invites the public to three free workshops Saturday.The day will start at 8:30 a.m. with “Plotting the Veggie Garden: Companion Planting, Raised Beds and More.” Janelle Gray and Phil Gilmore will explain the many styles of vegetable gardens including raised beds, vertical and square foot gardening. Plant placement for Read More

British teen entrepreneur strikes deal with Yahoo

LONDON (AP) — One of Britain’s youngest Internet entrepreneurs has hit the jackpot after selling his top-selling mobile application Summly to search giant Yahoo. Seventeen-year-old Nick d’Aloisio, who dreamed up the idea for the content-shortening program when he was studying for his exams, said he was surprised by the deal. As with its other recent Read More

Investment orders drop in February

WASHINGTON (AP) — U.S. orders for long-lasting goods that signal business investment plans fell in February by the largest amount in seven months, although the decline followed a strong month in January and may prove to be a temporary setback.The Commerce Department says orders for core capital goods declined 2.7 percent in February. Demand weakened Read More

T-Mobile gets rid of contracts for cellphones

March 25, 2013

NEW YORK (AP) — T-Mobile USA, the struggling No. 4 cellphone company, is ditching plans centered on familiar two-year contracts in favor of selling phones on installment plans. T-Mobile is the first major U.S. carrier to break from the contract model. The company changed its website over the weekend to begin selling the new plans. Read More

Brother of NY hedge fund founder pleads not guilty

NEW YORK (AP) — The brother of a jailed one-time billionaire hedge fund boss pleaded not guilty to federal fraud charges Monday after rushing from his Brazil home to the United States upon learning last week that he was swept up in a massive insider trading prosecution.Rengan Rajaratnam, 42, “dropped everything and headed to the Read More

FCC Chairman Genachowski to step down

March 22, 2013

NEW YORK (AP) — The chairman of the Federal Communications Commission, Julius Genachowski, on Friday announced his resignation in the “coming weeks.” The country’s top telecommunications regulator told a staff meeting of his decision Friday morning. His impending departure was reported Thursday by several news outlets.

Ga. lawmakers OK crackdown on so-called pill mills

March 21, 2013

ATLANTA (AP) — As Southern states cracked down on so-called pill mills, Georgia’s lax regulation made it a magnet for clinics known for prescribing powerful painkillers to drug dealers and addicts for an illicit high. The dozens of pain clinics across Georgia that authorities believe are illegally prescribing or dispensing the drugs often have parking Read More

Ky. court disbars class-action specialist Chesley

LOUISVILLE, Ky. (AP) — An Ohio attorney known as the godfather of the modern class-action lawsuit was disbarred Thursday by the Kentucky Supreme Court, which said Stanley Chesley acted unethically in a $200 million settlement involving the makers of the diet drug fen-phen. The high court concluded that Chesley, who was based in Cincinnati, crossed Read More

Report: Jobs picture for veterans improved in 2012

March 20, 2013

WASHINGTON (AP) — The jobs picture for the nation’s veterans improved significantly last year, particularly for those who have served since the Sept. 11 terrorist attacks, the Labor Department said Wednesday. The annual report from the Bureau of Labor Statics shows that the unemployment rate for the latest generation of veterans fell from 12. 1 Read More

HP to face testy shareholders at annual meeting

SAN FRANCISCO (AP) — Hewlett-Packard Co.’s annual meeting will give shareholders an opportunity to vent their frustration over the personal computer maker’s botched acquisitions and other follies that have been plaguing the Silicon Valley pioneer for several years. The meeting, scheduled to be held Wednesday afternoon at a personal computer museum in Mountain View, Calif., Read More

US to revise cigarette warning labels

March 19, 2013

RICHMOND, Va. (AP) — The U.S. government is abandoning a legal battle to require that cigarette packs carry a set of large and often macabre warning labels depicting the dangers of smoking and encouraging smokers to quit. Instead, the Food and Drug Administration will go back to the drawing board and create labels to replace Read More

Judges asked to rule on warrantless GPS tracking

PHILADELPHIA (AP) — A federal appeals court was asked Tuesday to decide whether the government must obtain a warrant before placing a GPS tracker on a suspect’s car. The case before the 3rd U.S. Circuit Court of Appeals in Philadelphia involves three brothers suspected of robbing several pharmacies. Authorities placed a GPS device on their Read More

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