Museums invites five firms for fourth building design-build
The National Museum of the U.S. Air Force named five contractors Whiting-Turner M.A. Mortenson Turner Hensel Phelps and Archer Western Butt Construction to submit design-build proposals for the 224000 square foot fourth building. The U.S. Army Corps of Engineers Louisville oversees the second phase while proposals are due by October 2 and followed a May qualifications review.
MENTIONED IN THIS ARTICLE
National Museum of the U.S. Air Force
Whiting-Turner Contracting Co
Greenbelt
M.A. Mortenson’ Construction
Minneapolis
Turner Construction Co
Washington, D.C
Hensel Phelps
Chantilly
Archer Western/Butt Construction
Chicago
U.S. Army Corps of Engineers
Louisville
tHom AS Gnau
PNC says fed probe into mortgage pricing being examined
PNC Financial Services said the Justice Department and federal regulators are examining its mortgage practices, including loan pricing, to determine if pricing by National City and PNC had a disparate impact on protected classes. A spokesman declined to comment.
MENTIONED IN THIS ARTICLE
PNC Financial Services
Justice Department
Federal
Civil Rights Division
Consumer Financial Protection Bureau
National City
PNC
Associated Press
J C Penney stock rises on CEO search report
J C Penney shares rose about 7 percent after a media report that the retailer has started a new CEO search to replace Mike Ullman who has led the firm since 2004 with a brief return in 2011. CNBC cited an accelerated process urged by activist investor Bill Ackman in a letter to the board.
MENTIONED IN THIS ARTICLE
J.C. Penney
Mike Ullman
Ullman
Penney
Ron Johnson
CNBC
Bill Ackman
Associated Press
Fewer layoffs but hiring lags in US jobs data
Applications for unemployment benefits fell to 335,500 for the four weeks ending in late June, the lowest since November 2007. Despite fewer layoffs, hiring remains weak as employers added about 4.3 million jobs per month this year through June, below pre recession levels.
MENTIONED IN THIS ARTICLE
Washington
U.S
Labor Department
Slow start to back-to-school season hits retailers
Retailers report a sluggish July as consumers focus on discounted summer items over fall apparel. The International Council of Shopping Centers notes a 3.8 percent rise in same-store sales, the slowest since March, with weak traffic and aggressive discounting cited by American Eagle and Aeropostale. Families with school-age children are expected to spend about 634.78 on clothing and supplies, down from 688.62 last year.
MENTIONED IN THIS ARTICLE
New York
International Council of Shopping Centers
Costco Wholesale Corp
Ken Perkins
RetailMetrics
American Eagle Outfitters Inc
Aeropostale Inc
National Retail Federation
Prosper Insights & Analytics
GM says no dividend plans despite revived outlook
General Motors Chief Financial Officer Dan Ammann said there are no current plans to pay a dividend on common shares and gave no time frame. CEO Dan Akerson noted consideration of future dividends and buybacks. GM last paid in May 2008 and suspended payments two months later amid bankruptcy. Treasury owns about 13.8 percent. GM nears truck lineup overhaul with the Silverado and Sierra launch.
MENTIONED IN THIS ARTICLE
Traverse City
Mich
General Motors Co
U.S
Dan Ammann
Michigan
Dan Akerson
Detroit
U.S. Treasury
Ford Motor Co
Treasury
AES beats estimates with second quarter earnings rise
AES Corp reports adjusted earnings of 32 cents a share for the April-June period, above analysts' 26-cent forecast. The gain comes from lower tax rate, new capacity and higher Chilean availability, cost cuts, and share repurchases totaling 63 million dollars for 5.3 million shares at 11.81. AES CEO Andrès Gluski says the company is on track to meet full-year projections despite Latin America headwinds.
MENTIONED IN THIS ARTICLE
AES Corp
Dayton Power & Light
Global Power Company
Chile
AES
Latin America
Andrés Gluski
U.S
Indianapolis
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