WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Former executives of Haslam-owned chain face fraud charges
NASHVILLE, Tenn. (AP) — The former president of a Tennessee company owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam is charged along with seven others with conspiracy to commit mail fraud and wire fraud. Mark Hazelwood...
Feb 9, 2016 | 11:09 AM
Red Lobster enjoys sales surge after mention in Beyonce song
NEW YORK (AP) — Red Lobster says it’s feeling the “Beyonce Bounce.” The seafood chain known for its cheddar biscuits says sales surged 33 percent on Sunday from a year ago. The increase came after the release of “Formation,...
Feb 9, 2016 | 10:09 AM
Gap reports 7 pct drop for a key sales figure for 4Q
NEW YORK (AP) — Gap Inc. reported slumping sales at all three brands for the crucial fourth-quarter, which covers the holiday season. The company, which operates Gap, Old Navy and Banana Republic stores, said Monday that a key revenue measure,...
Feb 9, 2016 | 10:09 AM
Rates drop on 3-month and 6-month US Treasury bills
WASHINGTON (AP) — Interest rates on short-term Treasury bills fell in Monday's auction to the lowest levels in two weeks. Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills, a popular index for making...
Feb 9, 2016 | 10:09 AM
Business Highlights
WASHINGTON (AP) — Things looked so clear back when the Federal Reserve raised its benchmark interest rate from record lows, and it signaled the likelihood of four more hikes in 2016. Technology shares, which soared last year, were targeted for...
Feb 9, 2016 | 10:09 AM
US senator calls for investigation of cruise ship in storm
MIAMI (AP) — Federal transportation officials might soon be looking into a Royal Caribbean cruise ship that ran into high winds and rough seas in the Atlantic Ocean over the weekend. Sen. Bill Nelson has called for the National Transportation Safety...
Feb 9, 2016 | 10:09 AM
Publisher to pay $14M in ‘Happy Birthday’ copyright case
LOS ANGELES (AP) — Music publisher Warner/Chappell Music will return $14 million in fees to settle a lawsuit that challenges its claim to “Happy Birthday,” one of the world’s best-known songs. A federal judge ruled in September...
Feb 9, 2016 | 10:09 AM
Suspension of Turkey flights costs Russian airports heavily
MOSCOW (AP) — A top official at Russia’s busiest airport says the halt or reduction of flights to Turkey, Ukraine and Egypt over the past three months has cost the country’s airports six billion rubles ($77 million). Denis Nuzhdin, the...
Feb 9, 2016 | 10:09 AM
A look at Obama’s final budget proposal for 2017
WASHINGTON (AP) — President Barack Obama proposed a record $4.1 trillion budget on Tuesday. Here’s a look at each agency and department: AGRICULTURE Up or down? Down 5.3 percent Highlight: Most Read StoriesSeahawks' Marshawn Lynch announces...
Feb 9, 2016 | 10:09 AM
Ikea recalls ceiling lamps for risk of falling glass shades
HELSINKI (AP) — Swedish furniture retailer Ikea is recalling two types of ceiling lamps because of a risk that the glass shades might fall and injure people. The company says that after receiving complaints from customers that the shades of some...
Feb 9, 2016 | 9:09 AM