Noncriminal immigrants could be housed in hotels, nursing homes under detention reformsWASHINGTON — Former hotels, nursing homes and other sites would be used to hold immigrants who are not criminals or violent as part of a larger plan to reform immigration detention proposed by the homeland security secretary, according to documents obtained Monday by The Associated Press. Bankrupt Chicago Sun-Times left with just 1 suitor when no more bids come in before deadlineCHICAGO — No one else stepped forward with a bid for the bankrupt Chicago Sun-Times before a Monday evening deadline, leaving just one offer for the storied newspaper that’s rapidly running out of the cash it needs to stay in business. Document production to government agency subject of Freedom bankruptcy hearingWILMINGTON, Del. — A Delaware bankruptcy judge has declined to rule immediately in a dispute over document production in the Chapter 11 case of Freedom Communications Holdings Inc. Harris & Harris announces proposed follow-on public stock offeringNEW YORK — Harris & Harris Group Inc. announced a proposed follow-on public offering of its common shares on Monday. Toyota tells gov’t it is recalling 3.8 million vehicles, including top-selling Camry and PriusWASHINGTON — Toyota Motor Corp. officially recalled 3.8 million vehicles in the United States on Monday to address problems with floor mats that could cause the gas pedal to stick and cause a crash. Symetra Financial files registration statement with SEC for proposed initial public offeringBELLEVUE, Wash. — Symetra Financial Corp. on Monday said it filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of common stock. Disney Channels president Rich Ross named to take over studio chair from ousted Dick CookLOS ANGELES — The Walt Disney Co. on Monday named Disney Channels Worldwide top executive Rich Ross as its movie studios chairman, following a year of disappointing movie results and the abrupt departure of its former chief, Dick Cook. FTC: Bloggers must disclose freebies or payments; testimonials to reflect typical resultsThe Federal Trade Commission on Monday took steps to make product information and online reviews more accurate for consumers, regulating blogging for the first time and mandating that testimonials reflect typical results. Restaurant operator Yum Brands to report on its third-quarter earnings TuesdayLOUISVILLE, Ky. — Yum Brands Inc. is scheduled to report its earnings for its fiscal third quarter on Tuesday after the market closes. The following is a summary of key developments and analyst opinion related to the period. Chrysler CEO shakes up management in bid to boost sales; splits Dodge into truck, car groupsDETROIT — With sales down sharply and pressure to start generating cash before government loans run out, Chrysler CEO Sergio Marchionne shook up his executive team Monday, replacing two of his brand managers after just four months and splitting Dodge into car and truck units. Plenty of airfare sales around, but it may not pay to wait for a lower priceThe great airline sale of 2009 may be ending. Stocks rise as service industry index signals growth for first time in a year; Dow jumps 112NEW YORK — The first growth in the service industry in a year and upbeat comments about big banks pulled investors into the stock market after two losing weeks. Hynix likely to get dimes on the dollar for Eugene factoryEUGENE, Ore. — The Hynix computer chip plant in west Eugene likely will be sold for a fraction of what it cost to build. Fighting cocaine addiction with vaccine-like shots shows promise in government-funded researchCHICAGO — Vaccine-like shots to keep cocaine abusers from getting high also helped them fight their addiction in the first successful rigorous study of this approach to treating illicit drug use. Britain plans cutback on salary increases for 750,000 senior government workersLONDON — The British government plans to freeze the salaries of top bureaucrats and offer only minimal increases to other senior workers in an effort to control the country’s spiraling deficit, a treasury official said Monday. With Gourmet magazine gone, the American dinner table is a little less lavishAfter nearly 70 years of fine eating, the lavish meal known as Gourmet magazine is over. AP Enterprise: United States has no reliable system to track defective medical implantsNEW YORK — Three years ago, the maker of a surgical clip called the Hem-o-lok issued an urgent recall notice warning doctors to stop using the fasteners on living kidney donors. It said the clips could dislodge in their bodies, with “serious, even life-threatening consequences.” Universal replaces top movie studio executives following summer of box-office bustsLOS ANGELES — Universal Studios on Monday replaced two of its top movie executives in an apparent effort to reverse the box-office slump that has dropped it from fourth to last place among the six major Hollywood studios. Tough anti-doping laws could become a requirement for countries hoping to host the OlympicsCOPENHAGEN — Countries could be barred from hosting the Olympics, starting with the 2018 games, if they don’t have laws that empower police to raid and investigate those suspected of helping athletes use performance-enhancing drugs. PepsiCo names Jaya Kumar president of Quaker Food & Snacks segmentPURCHASE, N.Y. — PepsiCo Inc., the soft drink and snacks maker, said Monday it named Jaya Kumar president of its Quaker Food & Snacks unit. Caris analyst says September sales will come in strong for retailers this weekNEW YORK — Shares of major department-store operators rose on Monday amid positive comments from an analyst who predicted strong same-store sales in September. The broader market rose, as well. Conde Nast to shutter Gourmet, the nation’s oldest food magazine, as ad slump persistsNEW YORK — Conde Nast Publications is closing Gourmet, the nation’s oldest food magazine, and three other money-losing titles as the high-end publisher tries to weather a devastating advertising slump. Mass. court upholds $2M award to Wal-Mart pharmacist who claimed male co-workers got more payBOSTON — A former pharmacist at Wal-Mart Stores Inc. who claimed she was fired after asking to be paid the same as her male colleagues is entitled to $2 million in damages awarded by a jury, the state’s highest court ruled Monday. AmExpress President Kelly to step down in early 2010; wants to run a company as CEONEW YORK — American Express Co. said Monday its president, Alfred F. Kelly Jr., will step down early next year. Analyst lifts PetSmart to ‘Buy,’ says co. likely to benefit when discretionary spending liftsNEW YORK — PetSmart Inc. climbed Monday as an analyst upgraded the pet food and products retailer, saying the company will likely benefit when discretionary spending picks up with an potential 2010 economic recovery. ManTech International receives $23.3M contract from NASA for engineering support servicesFAIRFAX, Va. — Government contractor ManTech International Corp. said Monday that it received a $23.3 million contract from NASA for engineering support services. Belgian retailer Delhaize in talks to buy assets of southern grocery chain BI-LOBelgian international food retailer Delhaize Group is in talks to buy shops and inventory worth $425 million from South Carolina-based BI-LO, a grocery chain that entered bankruptcy proceedings earlier this year. American Express President Alfred Kelly Jr. to step down in early 2010NEW YORK — American Express Co. says its president, Alfred F. Kelly Jr., will step down early next year. Stocks advance as service industry index signals growth for first time in a yearNEW YORK — The first growth in the service industry in a year and an upgrade of big banks pulled investors into the stock market after a two-week slide. Oil stays below $70 as markets look to corporate earnings for clues on economyOil prices dropped below $69 a barrel Monday at the start of a week filled with third quarter company earnings reports that could hint at the health of the U.S. economy. |
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