Business Headlines

Study: Alabama K-12 Cuts Deepest

Posted: 10/17/2014 - A national study says Alabama's cuts in spending for K-12 education have been deeper than nearly every other state.
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Apple Reveals New iPad Air Tablets at Event

Updated: 10/17/2014 - It's been a year since Apple came out with a lighter, thinner full-size model called the iPad Air. Apple refreshed that with a device that is even thinner, by 18 percent at 6.1 millimeters.
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Gas Prices Are Getting Lower

Updated: 10/16/2014 - The state of Alabama’s current gas price average is below three dollars at $2.98. Travel officials say drivers should expect prices to dip until the Thanksgiving and Christmas holiday season
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Jackson County Political Forum

Updated: 10/16/2014 - The Jackson County chamber of commerce is hosting a political forum at the Madison Street Park in Marianna Thursday night.
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Business News

  • Apple's iPhone sales beat Street but iPad volumes slide

    The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New YorkBy Christina Farr and Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc forecast a strong holiday quarter after a better-than-expected 16 percent jump in iPhone sales, and the strongest growth in Mac computer shipments in years helped the company surpass Wall Street's targets. The company on Monday projected stronger-than-expected revenue of $63.5 billion to $66.5 billion in the December quarter, when new iPads and iPhones vie with rival devices from Microsoft Corp and Amazon.com Inc for consumers' holiday outlays. Shares of Apple rose 1.3 percent to about $101.10 in after-hours trade. ...


  • Asian shares crawl higher on China GDP relief

    A pedestrian uses his mobile phone as he walks past an electronic board showing the stock market indices of various countries outside a brokerage in TokyoBy Lisa Twaronite TOKYO (Reuters) - Asian stocks crept up on Tuesday as investors took solace from data showing the Chinese economy grew slightly more than expected in the third quarter, calming fears of a deepening slowdown in the world's second-largest economy. China's economy grew 7.3 percent between July and September from a year earlier, slightly above expectations. But it slowed from 7.5 percent in the second quarter, the weakest in nearly six years. "By and large, an impressive reading showing resilience of the Chinese economy. ...


  • China's economic growth slows to 7.3 percent in third quarter, near six-year low

    Labourers install steel frames to a new food factory in TaiyuanBEIJING (Reuters) - China's economic growth cooled to 7.3 percent between July and September from a year earlier, the weakest expansion since the global financial crisis and reinforcing expectations that Beijing will need to roll out more stimulus to avert a sharper slowdown. With a faltering property market increasingly dragging on manufacturing and investment, the reading was the slowest for the world's second-largest economy since early 2009, when the growth rate tumbled to 6.6 percent. Economists polled by Reuters had expected third-quarter growth to cool to 7.2 percent from 7. ...


  • AbbVie says $55 billion acquisition of Shire officially dead

    A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange(Reuters) - U.S. drugmaker AbbVie Inc said on Monday it has reached agreement with Shire Plc to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee for walking away from the deal. AbbVie, which last week said its board of directors had withdrawn its recommendation to proceed with the Shire purchase, blamed the unraveling on last month's rules changes by the U.S. Treasury Department aimed at curtailing a wave of such deals in which U.S. ...


  • Valeant says may raise Allergan bid; beats on profit

    The head offices of Valeant Pharmaceuticals International Inc. are seen in Laval, QuebecBy Rod Nickel and Ashutosh Pandey (Reuters) - Valeant Pharmaceuticals International Inc VRX.TO VRX.N said on Monday that it may raise its bid for Botox maker Allergan Inc AGN.N after the Canadian company posted a better-than-expected quarterly profit. Valeant CEO Michael Pearson said a possible revised stock and cash bid would be worth more than $200 per share, assuming that Valeant's stock rises, and would include more cash. The current bid is worth about $52.7 billion or $176 per share. Shares of Laval, Quebec-based Valeant were up 3 percent at C$139.51 in Toronto on Monday. ...


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