Costco Wholesale CFO Richard Gallanti talks about competition and deflationAs consumers have limited their spending, retailers have become increasingly competitive to lure them into their stores — typically focusing on value to draw the cost-conscious. At the same time, retailers are seeing prices drop on some items as manufactures adjust to lower demand, lower input prices and other factors. Morale boost: Small business owners try talking, paying, partying to lift employee spiritsNEW YORK — As Bart Cleveland talks to employees of his ad agency, he sees the strain. Visteon judge rejects insider bonuses, approves incentives for lower managersWILMINGTON, Del. — A Delaware bankruptcy judge has rejected a request by auto parts supplier Visteon Corp. to approve bonuses of up to $8.1 million for its 12 top officers. Ky. veterans hospital nurse charged with giving patient a lethal dose of morphine 3 years agoLOUISVILLE, Ky. — A nurse at a Veterans Affairs hospital in Lexington is accused of killing a 90-year-old patient with a morphine injection three years ago, according to an indictment released Wednesday. Google CEO: Economic recovery underway in Europe as well as in the USNEW YORK — Google Inc. is seeing an economic recovery under way, not just in the U.S., but also in Europe, CEO Eric Schmidt said Wednesday. NC Internet marketing company to expand SC operations, add 1,000 jobs over next 5 to 7 yearsCOLUMBIA, S.C. — Officials say a North Carolina Internet marketing and sales company will expand and move its headquarters to South Carolina, creating 1,000 new jobs in the next few years. Seed maker Monsanto posts larger 4Q loss as herbicide sales slump, adjusted earns top viewST. LOUIS — Monsanto Co., the world’s biggest seed maker, said Wednesday its fourth-quarter loss widened to $233 million in the fourth quarter on lower revenue, led by a drop in sales of its Roundup herbicide which is facing on onslaught of generic competition. Patrick Birmingham named publisher of Knoxville News Sentinel, will oversee Ind., SC papersKNOXVILLE, Tenn. — Patrick Birmingham, president and publisher of the Corpus Christi Caller-Times in Texas, has been named president and publisher of the Knoxville News Sentinel. GM’s US sales chief leaves as company tries to boost market shareDETROIT — General Motors Co.’s North American sales chief is leaving the automaker as it continues its furious effort to get leaner and boost its slipping market share, GM CEO Fritz Henderson said Wednesday. Iraqi PM: Number of security forces strains budget, hinders reconstructionBAGHDAD — Iraq’s government payroll has become so heavy with soldiers and police that it’s now hindering reconstruction, Iraq’s prime minister warned Wednesday, raising the possibility of security force cutbacks just as U.S. combat troops are pulling out. Ciena offers $521 million for Nortel business units, path open to higher bidsTORONTO — Ciena Corp. is offering cash and stock worth $521 million to acquire some of Nortel’s most-prized remaining business units as the fallen telecommunications company continues to liquidate. Kroger feeds store-brand product lines from own network of food-manufacturing plantsSPRINGDALE, Ohio — Ice cream swooshes out of metal nozzles and swirls into 38,000 “party pails” per day here, one of many ways Kroger Co. is using its massive manufacturing capability to feed growing demand for low-priced store brands. Report: Thousands of Indian women die needlessly in maternal deathsNEW DELHI — Tens of thousands of Indian women die needlessly every year during pregnancy or because of childbirth-related problems, a human rights group said Wednesday, blaming a medical system hobbled by poor planning, caste discrimination, a lack of accountability and limited access to emergency care. Thousands of Romanian workers protest low wages outside government HQ; traffic blockedBUCHAREST, Romania — Thousands of Romanian workers from all over the country protested low wages in the capital on Wednesday, rallying outside government headquarters to demanded leaders do something to increase their pay. Colo. Safeway, King Soopers workers reject latest contract offer, ask for more talksDENVER — A union representing Colorado grocery workers says members statewide have voted to reject the latest contract offers from Safeway and the Kroger Co.’s King Soopers and City Market chains. Colo. Safeway workers reject latest contract offer, ask company to return to bargaining tableDENVER — A union representing Colorado grocery workers says members have voted overwhelmingly to reject the latest contract offer from Safeway. ID woman killed by garage door at paramedics building lured workers away with fake 9-1-1 callBOISE, Idaho — An Idaho woman who died after being pinned under a garage door at the paramedic building where she used to work first lured emergency workers away with a fake 9-1-1 call. Utah Gov. Gary Herbert meets with gay rights group after opposing anti-discrimination lawsSALT LAKE CITY — Utah Gov. Gary Herbert met with a gay rights advocacy group Tuesday for the first time since saying he opposes providing legal protections for gay and transgender people. Awaiting pay czar’s rules, largest bailout recipients rework compensation for top earnersWASHINGTON — Several firms that received large taxpayer bailouts have adjusted executive compensation to trim cash payouts before the Obama administration’s pay czar issues new rules. Some fear those rules will go too far, preventing them from attracting the talent they need to remain competitive. Democrats seek to effectively reverse another Supreme Court ruling on job discriminationWASHINGTON — Democrats in Congress are trying to counter another Supreme Court decision on employment discrimination, this time taking aim at a ruling that makes it harder for older workers to prove age bias. Utah Gov. Gary Herbert meets with gay rights groups after opposing anti-discrimination lawsSALT LAKE CITY — Utah Gov. Gary Herbert met with gay rights advocacy groups Tuesday for the first time since saying he opposes providing legal protections for gay and transgender people. Hanged Ky. census worker’s body released; police still not saying if death was homicideLONDON, Ky. — Authorities have released the body of a part-time census worker but were still providing little information about the death of Bill Sparkman nearly a month after the substitute teacher was found in a remote Appalachian forest with a rope around his neck and the word “Fed” scrawled on his chest. British Airways says it is shedding 1,000 jobs, will reduce size of cabin crews at HeathrowLONDON — British Airways PLC says it is shedding 1,000 fulltime jobs and putting 3,000 more employees on part-time work and reducing size of cabin crews at Heathrow in an effort to get the troubled airline’s finances back in order. Britain’s Conservatives plan unpopular policies to cut country’s mounting debtMANCHESTER, England — Britain’s main opposition Conservatives pledged Tuesday to make Britons work longer before retirement, cut child benefits and freeze government salaries — a program they acknowledged would likely be unpopular as they bid to win office. Greek Socialist leader Papandreou sworn in as prime minister after landslide election winATHENS, Greece — Greece’s new Socialist Prime Minister George Papandreou has named his government, in which he will also be responsible for foreign affairs. Noncriminal immigrants could be confined outside of jails under proposed detention reformsWASHINGTON — Homeland Security Secretary Janet Napolitano promised immigration enforcement would continue even though her agency is considering new ways to house nonviolent immigrants who have not committed crimes. 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. 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. 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. 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. |
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