WASHINGTON (AP) — The good news is that Americans are saving more than ever for college. The bad news is that the average amount wouldn’t come close to getting a person a degree. In a report released Tuesday, the College Savings Plans Network found that the average college savings or prepaid tuition account known as […]
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Job openings remain high
WASHINGTON (AP) — The number of U.S. job openings remained near the highest level in 13 years in July, and companies also stepped up hiring that month to the fastest pace in nearly seven years, two signs the job market is slowly healing. The tally of available jobs ticked down 2,000 to 4.67 million in […]
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Blueberry barrens
A s Dave Bell drove on the gravel road stretching across vast blueberry barrens being harvested in Columbia recently, he noted how the industry has changed over the decades. The back roads leading to the blueberry barrens used to be clogged with traffic during the blueberry harvest, recalled Bell, general manager of Cherryfield Foods, when […]
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L.L. Bean and Bangor
BANGOR While the closing of a local L.L. Bean call center runs counter to otherwise positive trends in Maine call center employment, some Bangor leaders are concerned the reasons behind the closure signal a larger, negative shift for brick-and-mortar businesses and tax revenue. Ben Sprague, chairman of the Bangor City Council, said the L.L. Bean […]
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PG&E penalized $1.4B for pipeline blast
SAN FRANCISCO (AP) — California regulatory judges issued a $1.4 billion penalty on Tuesday against the state’s largest utility for a lethal 2010 gas pipeline explosion that engulfed a suburban San Francisco neighborhood in flames, killing eight people and prompting national alerts about the oversight of aging pipelines. The California Public Utilities Commission said the […]
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Manufacturing grows at fastest in 3.5 years
WASHINGTON (AP) — U.S. manufacturing grew in August at the strongest pace in more than three years as factories cranked out more goods and new orders rose. The Institute for Supply Management’s manufacturing index rose to 59 from 57.1 in July, the ISM said Tuesday. That was the highest reading since March 2011. Any measure […]
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Dollar General raises bid to $9.1B
GOODLETTSVILLE, Tenn. (AP) — Dollar General upped its bid for the rival Family Dollar chain and addressed an earlier roadblock, saying that it will more than double the number of stores it would shed to ease the antitrust concerns of its takeover target. The newest bid is worth $9.1 billion, or $80 per share, up […]
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Halliburton reaches $1B spill settlement
NEW ORLEANS (AP) — Halliburton’s agreement to pay more than $1 billion to settle numerous claims involving the 2010 BP Gulf of Mexico oil spill could be a way for the company and victims of the spill to avoid years of costly litigation — if all the pieces fall into place. A federal judge still […]
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More Atlantic City slots stop spinning
ATLANTIC CITY, N.J. (AP) — Gamblers at two Atlantic City casinos got in their final bets over Labor Day weekend as Revel Casino Hotel and the Showboat Casino Hotel became the latest victims of Atlantic City’s drastic slide. Atlantic City, which started the year with 12 casinos, will have eight before summer is over. Trump […]
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Detroit bankruptcy trial to resume
DETROIT (AP) — An attorney for Detroit is set to resume his opening statement at the city’s historic bankruptcy trial, after saying on the first day that Detroit needs the restructuring to survive. Opening statements also are expected today from supporters of the city’s debt restructuring plan and creditors that oppose it. The trial over […]