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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More Business Headlines

Business News

  • Japanese stocks lead sharp Asia rebound as U.S. data reassures

    A pedestrian is reflected in an electronic board displaying various stock prices at a brokerage in TokyoBy Lisa Twaronite TOKYO (Reuters) - Japanese stocks led a rally in Asia on Monday, after solid U.S. data and earnings calmed tumult in global financial markets and reassured investors worried about the health of the world economy. The Thomson Reuters/University of Michigan index of consumer sentiment was surprisingly strong in early October, rising to more than a seven-year high. Other data also showed new housing starts rose more than expected last month, suggesting U.S. economic growth was solid.  The upbeat U.S. ...


  • Market action reinforces need for policy patience: Fed's Rosengren

    The Federal Reserve Bank of Boston's President and CEO Eric S. Rosengren speaks during the "Hyman P. Minsky Conference on the State of te U.S. and World Economies", in New YorkBy Jonathan Spicer BOSTON (Reuters) - The recent volatility in financial markets reinforces the need for the Federal Reserve to be patient with its policy stimulus and to clearly tie an eventual interest-rate rise to improving economic conditions, a top Fed policymaker told Reuters. Boston Fed President Eric Rosengren said that while it would take a few more weeks to understand the real economic fallout from the market selloff, he could "easily imagine" a scenario in which the U.S. central bank keeps rates near zero until 2016. ...


  • Investor group aims to buy Adidas' Reebok unit: WSJ

    Hainer, chief executive officer of Adidas pauses during the company's annual news conference in HerzogenaurachNEW YORK (Reuters) - An investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government is launching a bid to buy Reebok from Adidas AG for about $2.2 billion, the Wall Street Journal reported Sunday. Jynwel Capital, a Hong Kong-based private equity investment and advisory firm run by Jho Low, and the Abu Dhabi government-affiliated funds planned to make the offer imminently in a letter to Adidas directors, the Journal reported, citing unnamed sources close to the matter. ...


  • Japan firms want government action if yen weakens: Reuters poll

    General view of the business district in TokyoBy Tetsushi Kajimoto TOKYO (Reuters) - Nearly half of Japanese firms think the government should start defending the yen at this month's dollar high of 110, a Reuters survey shows, underscoring the threat that rising fuel and other import costs pose to a fragile economy. Over the past two years, Prime Minister Shinzo Abe has sought to boost the economy and cure deflation with bold monetary stimulus that has successfully wrought a much weaker yen. But the yen's descent against the greenback to a six-year low of 110.09 on Oct. ...


  • Pilots extend Lufthansa strikes to long-haul flights

    Lufthansa aircrafts stand on the tarmac during a strike at Frankfurt airportFRANKFURT (Reuters) - German pilots union VC called a strike at Lufthansa on Oct. 21 targeting the airline's long-haul flights, in addition to strikes for the carrier's short and mid-length routes announced for Monday and Tuesday. The walkout for the long-haul flights will be from 0400-2159 GMT, the union said in a statement on Monday. The pilots are in dispute with Lufthansa's management over retirement benefits. (Reporting by Harro ten Wolde; Editing by Ryan Woo)


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