Cardinals go green for season with help from SRP

The Arizona Cardinals will have a green season as the University of Phoenix and Salt River Project will be using renewable power for the team’s home games.
SRP will provide the energy — roughly 1.14 million kilowatt-hours of power — for eight regular-season and two preseason games. It’s the amount of power equal to about what […]

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Manpower: More Raleigh-Cary employers plan to hire in 3Q

More Raleigh-Cary employers plan to hire during the third quarter, giving hope to those seeking jobs.
According to Manpower’s quarterly employment outlook survey, 19 percent of employers in the Raleigh-Cary area plan to hire in sometime during July, August and September while just 5 percent plan to cut their staffs.
The result is a net employment outlook […]

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Cardinal exec added to Wexner Center Foundation board

The foundation arm of Ohio State University’s Wexner Center for the Arts has added a Cardinal Health Inc. communications executive to its boardroom.
The Wexner Center Foundation this week appointed to its board Shelley Bird, executive vice president of public affairs at Dublin-based Cardinal (NYSE:CAH). At the pharmaceutical and health-care products distributor, she’s in charge of […]

Hiring is up, but so is unemployment

Despite growing unease in the financial markets, the American economy is gathering steam, adding an unexpectedly large number of jobs last month.
The Labor Department’s monthly snapshot of the job market, released on Friday, showed that employers added 290,000 jobs in April, the largest gain in four years, and that they did so […]

GM recall - 1.3 million Chevrolets and Pontiacs

General Motors has recalled 1.3 million Chevrolet and Pontiac models in North America for power steering failures that are tied to 14 crashes and one injury in the United States, the company said Tuesday.
The recall affects 2005-2010 Chevrolet Cobalt and 2007-2010 Pontiac G5 models sold in the United States, 2005-2006 Pontiac Pursuit vehicles […]

Laclede reports lower first quarter profit

Laclede Group Inc., the owner of Missouri’s largest natural gas utility, said fiscal first-quarter profit fell 27 percent on lower margins and sales from its wholesale gas marketing unit.
Net income for the quarter ended Dec. 31 was $22.9 million, or $1.03 per share, compared with $31.3 million, or $1.41, a year earlier.
[…]

China Trade Surplus to Fall 19% as Imports Surge, Merrill Says

China’s trade surplus may slide 19 percent in 2010 as imports surge because of growing domestic demand, Bank of America-Merrill Lynch said.
The amount will narrow to $160 billion from an estimated $198 billion this year, Lu Ting, a Hong Kong-based economist for Merrill, said in an interview today.
A smaller surplus may reduce […]

Greenspan Says Stock Rally Means Lower Stimulus Need

The biggest stock market advance in seven decades is reducing the need for additional government stimulus measures, according to former Federal Reserve Chairman Alan Greenspan.
The Standard & Poor’s 500 Index’s 64 percent jump since March made Americans richer by restoring $5.4 trillion to U.S. equities and helped spur a 1.3 percent increase in […]

U.S. pay czar brings in limit on fat bonuses

WASHINGTON–The Obama administration’s pay czar is limiting the cash compensation for executives at companies that received the largest taxpayer bailouts to $500,000.
The 25th through the 100th top earners at Citigroup, GMAC, American International Group and General Motors must also take more than half their compensation in stock, and at least half must be […]

IBM profit grows despite sales drop

International Business Machines posted third-quarter results on Thursday that met analysts’ forecasts, then raised its expectations for the rest of the year, citing improving sales trends during the quarter.
But investors were unimpressed: IBM shares dropped 5% in after-hours trading.
IBM (IBM, Fortune 500) said its net income for the quarter rose to […]