Business Headlines

The Labor Day Experience

Posted: 09/01/2014 - Some spent today's Labor Day relaxing, others had to work the holiday. News 4's Brandon Rook hit the Dothan streets to talk to a few folks about their Labor Day experience.

Labor Day Weekend Safety

Updated: 08/30/2014 - If you're looking forward to some barbecue this Labor Day weekend make sure you watch out for the traffic.
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Zack's Family Restaurant 'Southern Style Cooking'

Updated: 08/28/2014 - Zack's Family Restaurant has been known for its southern-style cooking for almost two decades now. The restaurant now has three different locations. News 4's Brandon Rook stopped by one of them to see what all the rage is about.
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  • Risk appetite flickers in Europe, ECB speculation holds down euro

    A man stands in front of an electronic board, showing the various stock prices, outside a brokerage in TokyoBy Marc Jones LONDON (Reuters) - Risk appetite flickered back into life in financial markets on Tuesday with the dollar and European and Japanese shares rising while safe-haven bonds, the yen and gold all took a step back. The dollar rose to its highest since January against the yen and the euro sank to a one-year low against the greenback as another drop in euro zone producer prices heightened speculation about what the ECB will do when it meets on Thursday.


  • Quantitative easing hopefuls may be disappointed as Draghi plays for time

    European Central Bank President Draghi speaks during the bank's monthly news conference in FrankfurtBy Eva Taylor FRANKFURT (Reuters) - Expectations for further policy action at the European Central Bank's meeting on Thursday are running high after ECB President Mario Draghi pledged to use all available tools to keep prices in check. Draghi told a central bank conference in Jackson Hole on Aug. 22 that financial market inflation expectations were falling significantly and the ECB would use "all available instruments needed to ensure price stability". In a dramatic departure from debt-cutting orthodoxy, he also said there was scope for fiscal policy - more government spending - to play a greater role in reviving growth, an apparent acknowledgement of the limits of the ECB's powers.


  • McDonald's to boost China supplier audits after food safety scandal

    People walk by a McDonald's store in downtown ShanghaiMcDonald's Corp will increase the number of audits it conducts of suppliers in China, the firm said on Tuesday, after a food scandal in July dented China sales at the U.S. Industry insiders had told Reuters that suppliers in China often knew about audits in advance. McDonald's will push for more video monitoring at its Chinese suppliers and send more quality control specialists to all meat production facilities, it added. The firm has also created a new role to oversee food safety governance in China and will launch a hotline later this year for whistleblowers to report food safety issues.


  • Eric Cantor to join investment bank Moelis as vice chairman

    House Majority Leader Cantor leaves after a news conferenceHouse Majority Leader Eric Cantor will join investment bank Moelis & Co as vice chairman and managing director, the company said, adding that Cantor will also be elected to its board. Cantor, who was defeated in June by a Tea Party challenger in a Republican primary election, will provide strategic counsel to the company's corporate and institutional clients on key issues, Moelis said. "Eric has proven himself to be a pro-business advocate and one who will enhance our boardroom discussions with CEOs and senior management as we help them navigate their most important strategic decisions," Moelis CEO Ken Moelis said in a statement. Cantor, the No.2 Republican in the House of Representatives, was beaten by college economics professor David Brat, who accused Cantor of betraying conservative principles on spending, debt and immigration.


  • Burger King has maneuvered to cut U.S. tax bill for years

    A man talks on his phone underneath a Burger King logo outside the restaurant in the Brooklyn borough of New YorkBy Tom Bergin LONDON (Reuters) - Burger King may have taken a lot of flack in the past week for a deal that should curb its U.S.


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