Today's Business News
AAA: 31.2M drivers to take Memorial Day road trip
It’s going to be another busy Memorial Day weekend on the nation’s highways. Read more...
Median CEO pay rises to $9.7 million in 2012
CEO pay has been going in one direction for the past three years: up. The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided by a rising stock market, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm. Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
W.Va.’s local-food movement a model for Appalachia
MORGANTOWN, W.Va. — With eight in 10 farmers making less than $10,000 a year, West Virginia will never rival big Midwestern factory farms in producing food. But creative collaborations with food entrepreneurs are seeding a new kind of economy that federal officials say could become a model for 12 other Appalachian states. Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
Apple’s Tim Cook faces Senate questions on taxes
WASHINGTON — The Senate dragged Apple Inc., the world’s most valuable company, into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions in U.S. taxes. Cook said the subsidiaries have nothing to do with reducing its U.S. taxes, a message he struggled to convey to the Senate Permanent Subcommittee on Investigations. “We pay all the taxes we owe — every single dollar,” Cook said. “We don’t depend on tax gimmicks.” Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
Should we let wunderkinds drop out of high school?
NEW YORK — It’s one thing to say tech geniuses don’t need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college. But now we’ve got David Karp, who doesn’t even have a high school diploma. Karp, 26, founded Tumblr, the online blogging forum, and sold it to Yahoo for $1.1 billion. Which raises the question: When is it OK for a wunderkind to drop out of school? Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
Stock indexes head higher in afternoon trading
NEW YORK — The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter. Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
Obama urged to make economy a bigger, bolder topic
WASHINGTON — Five months into President Barack Obama’s second term, allies and former top aides worry that his overarching goal of economic opportunity has been diminished, partly drowned out by controversies seized upon by Republicans in an effort to weaken him. Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
Planners looking at convention center growth
NASHVILLE — Leaders of Nashville’s convention center already are mapping out a possible future expansion of a center that spans six downtown blocks and sits on 19 acres. Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
US gas prices up 11 cents over past 2 weeks
CAMARILLO, Calif. — The average U.S. price of a gallon of gasoline has jumped 11 cents over the past two weeks. Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
GOP hopes IRS scandal will snag health care law
WASHINGTON — Political scandals have strange ways of causing collateral damage, and Republicans are hoping the furor over federal tax enforcers singling out conservative groups will ensnare their biggest target: President Barack Obama’s health care law. Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
GM stock rises above $33 for first time in 2 years
DETROIT — Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years. Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
Silicon Valley-area hub becomes factory town
FREMONT, Calif. — Welcome to Fremont, Calif., a nondescript suburb of 217,000 tucked in the high-tech region between San Francisco and the Silicon Valley where something unique is happening: manufacturing. Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
Record Powerball jackpot inspires office pools
In workplaces across the nation, Americans are inviting their colleagues to chip in $2 for a Powerball ticket and a shared daydream. The office lottery pool is a way to improve your odds and have a little fun with co-workers. Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
A year after IPO, Facebook aims to be ad colossus
NEW YORK — It was supposed to be our IPO, the people’s public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald’s, bigger than Coca-Cola. And it was all made possible by our friendships, photos and family ties. Then came the IPO, and it flopped. Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
Energy Department backs Texas LNG export plan
WASHINGTON — The Energy Department on Friday conditionally approved a Texas company’s proposal to export liquefied natural gas, only the second such project allowed to move forward amid a production boom that has led to glut of domestic natural gas. Subscribe to our e-edition to read more. Only $1/mo. for print subscribers!
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Hiking With Hardtack: ‘The Hitch-in-the-Get-Along Gang’ hits The Appalachian Trail at Springer Mountain
When two Army veterans hit The Appalachian Trail at Springer Mountain, Ga., with Daily Times staffers who are following a thru-hiking United Methodist chaplain, they encounter rain, ice, wind and a crowd of other hikers attempting to reach Mount Katahdin before snow arrives -- plus a whole lot more. Read more...
Hiking with Hardtack: United Methodist chaplain journeys along The Appalachian Trail
Josh "Hardtack" Lindamood, a chaplain commissioned by the Holston Conference of the United Methodist Church to serve hikers along The Appalachian Trail, begins his thru-hike of the approximate 2,183-mile footpath from Springer Mountain, Georgia, to Katahdin, Maine, on April 4, and provides a look at the first few days on The A.T. Read more...
