Ashley Furniture plans groundbreaking at NC site

ADVANCE, N.C. (AP) -- The country's largest furniture maker and retailer plans to break ground on a big new North Carolina complex after a long environmental delay.

Ashley Furniture Industries Inc. planned a groundbreaking ceremony Wednesday for the biggest phase of an $80 million home furnishings complex near the Davie County town of Advance.

Wisconsin-based Ashley Furniture announced a year ago it is building a new production and distribution site employing 550 workers in five years.

The privately owned company could receive special tax breaks of up to $4 million in addition to standard breaks for job creation and investment. State legislators approved a further tax break in 2011 they said was aimed at attracting an Ashley operation that could grow to about 1,100 workers.

  • Coke and Pepsi are finally ditching sugar
    Business Insider

    Coke and Pepsi are finally ditching sugar

    This past week we learned that PepsiCo is finally turning against sugar. On Monday, PepsiCo announced that by 2025, two thirds of its drinks will have 100 calories or fewer from added sugar, per 12 oz serving. Currently, these types if sugary beverages make up 40% of PepsiCo's drinks.

  • Trump Surrogates Continue Their Apologist Tour to Election Day
    The Fiscal Times

    Trump Surrogates Continue Their Apologist Tour to Election Day

    It’s a thankless job being a Donald Trump surrogate these days. The job fell to campaign manager Kellyanne Conway and Republican National Committee Chairman Reince Priebus this weekend, and both twisted themselves in verbal knots casting the Trump campaign as something other than a foundering ship that’s headed to the bottom. After promising to deliver a “closing argument” in a speech on Saturday in Gettysburg, PA, Trump instead dedicated part of his remarks to promising to sue each of the dozen or so women who have accused him of sexual assault.

  • Health
    BBC News

    Blighted lives: The true cost of diabetes

    Steven Woodman walks like an old man. He needs a stick to maintain his balance as he hobbles forward. Steven is only in his late 50s, but the loss of three toes on one foot means he's unsteady on his feet. It is type 2 diabetes that has led Steven to where he is now. More accurately, it's ignoring the warnings and advice around diabetes that has left him facing a life of disability. He was diagnosed with type 2 diabetes, closely linked to lifestyle and weight gain, when he was still a young man. Steven, who lives in Shrewsbury, freely admits that, at the time, he ignored his GP's advice. "I was in denial. I never took it that seriously, so I carried on eating, going to the pub - doing things

  • America's biggest banks are closing hundreds of branches
    Business Insider

    America's biggest banks are closing hundreds of branches

    According to the 3Q earnings report, the bank has 21 million mobile banking active users and 18% of deposit transactions are completed through mobile devices. "That’s better for customers, it’s also better for our shareholders," said Donofrio.

  • Former CEO explains how to nurture star employees
    Yahoo Finance

    Former CEO explains how to nurture star employees

    High-potential performers (or Hi-Pos) stand out due to their associative thinking skills—which help solve problems and drive innovation—their strong emotional awareness, and their incredible perseverance, according to Carter Cast, a clinical professor of innovation and entrepreneurship at the Kellogg School and former CEO of, a division of Walmart (WMT). Putting a mirror up in front of people can help them recognize weaknesses, triggers, and gaps that may be impeding self-regulation and performance.

  • Jeff Bezos, Jamie Dimon, Warren Buffett agree on the No. 1 priority for business
    Yahoo Finance

    Jeff Bezos, Jamie Dimon, Warren Buffett agree on the No. 1 priority for business

    In recent weeks, we’ve heard Warren Buffett, Jamie Dimon and Jeff Bezos talk about managing their businesses. At the Economic Club of Washington DC in September, JPMorgan CEO Jamie Dimon discussed what eventually led to his ouster from Citigroup in 1998. JPMorgan Chase is the largest bank in America.

  • Japan swings back to September trade surplus

    Japan swings back to September trade surplus

    Japan swung to a bigger-than-expected trade surplus in September, as tumbling imports offset lacklustre shipments overseas, official data showed Monday. The value of Japan's exports fell again, with vehicles and steel among the worst hit sectors, as a stronger yen clouds the country's trade picture. It also reversed a surprise trade deficit in August.

  • Chesapeake Energy Analysts Change Their Tune

    Chesapeake Energy Analysts Change Their Tune

    On Wednesday evening, Chesapeake Energy Corp. (NYSE: CHK) stock closed at $6.72. Shares dropped by more than 5% to $6.36 early Thursday morning as the company kicked off its first investor day presentation in two years. The downturn was very likely the result of the company’s forecast for 2016 and 2017. Production growth is estimated at flat to up 3% for 2016 and at down 5% to flat for 2017. And that comes at the cost of higher capital spending. We looked at Chesapeake’s presentation in some detail on Thursday. By the end of the day Thursday, Chesapeake stock had regained all its lost ground and added 2.8% besides to close at $6.91. But by the early afternoon Friday, shares traded down about

  • The $1.7 Trillion Oil Industry Isn’t Going Anywhere

    The $1.7 Trillion Oil Industry Isn’t Going Anywhere

    This week’s oil prices put the industry at a value of $1.7 trillion – almost three times larger than the $660 billion in revenues generated from all major raw metals and minerals combined. Figures compiled by the Visual Capitalist show that the sheer magnitude of international oil consumption will increase as countries leave coal behind and plan for the spread of natural gas and green energy. Oil producers extract 34 billion barrels of oil from the planet every year to provide the 94 million bpd the planet consumes to travel, build and illuminate.

    Bloomberg Video

    6th Party Plenum: What Is China's Agenda?

    Oct. 24 -- Liu Li-Gang, chief China economist at Citigroup, discusses China's 6th party plenum in Beijing and what could come out of it. He speaks to Bloomberg's Stephen Engle and Rishaad Salamat on "Bloomberg Markets."

  • Before You Hire a Contractor, Learn From Couple's Basement Woes
    ABC News

    Before You Hire a Contractor, Learn From Couple's Basement Woes

    Read Jerry’s original letter to the ABC News Fixer below, and see how The Fixer helped get their money back. Also, check out The Fixer’s tips for the next time you need to hire a contractor for work on your home. Dear ABC New Fixer: We hired a contractor to design and build a bar for our basement. He took our $4,000 deposit and never provided the design and gave us the runaround for months. We've asked for our money back multiple times, but every time, he says he doesn’t have it or it's “a cash flow issue." Interestingly, he has his own reality show on the Discovery Channel about building high-quality bars. He also opened a tavern next to his workshop. How could a guy with his own TV show and

  • AT&T agrees to buy Time Warner for $85 billion

    AT&T agrees to buy Time Warner for $85 billion

    By Greg Roumeliotis and Jessica Toonkel NEW YORK (Reuters) - AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its high-speed network to attract a growing number of online viewers. The biggest deal in the world this year will, if approved by regulators, give AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. It will likely face intense scrutiny by U.S. antitrust regulators worried that AT&T might try to limit distribution of Time Warner material.

  • World
    WSJ Live

    Islamic State Burns Sulfur Stocks Near Mosul

    On Saturday a plume of noxious smoke drifted over a base with U.S. troops involved in the Iraqi offensive to retake the city of Mosul. Islamic State militants had set fire to sulfur stocks at a factory south of Mosul on Thursday. Photo: Reuters

  • Business
    Money Talks News

    9 Tips to Ensure You’ll Have Enough to Retire

    Life expectancy for women and men in 1970 was just short of 71 years, for example, so retirement funds did not have to see most people to age 90 or 100. Today, those of us approaching retirement are playing a very new game. Will Social Security be your primary source of income in retirement?

  • 8 Things You Should Never Keep in Your Wallet

    8 Things You Should Never Keep in Your Wallet

    That overstuffed wallet of yours can’t be comfortable to sit on. It’s probably even too clunky to lug around in a purse, too. And with every new bank slip that bulges from the seams, your personal information is getting less and less safe. With just your name and Social Security number, identity thieves can open new credit accounts and make costly purchases in your name. If they can get their hands on (and doctor) a government-issued photo ID of yours, they can do even more damage, such as opening new bank accounts. These days, con artists are even profiting from tax-return fraud and health-care fraud, all with stolen IDs. We talked with consumer-protection advocates to identify the eight things

  • 3 Great Dividend Stocks That Could Double Their Payments -- The Motley Fool
    The Motley Fool

    3 Great Dividend Stocks That Could Double Their Payments -- The Motley Fool

    According to the latest economic data, average household income is down 2.4% from its peak in 1999. That implies that most Americans have not gotten a real raise in years. That said, while employers are stingy to their employees, companies are pretty generous to their investors. In fact, the following three companies are likely to double the income streams they pay investors over the next few years. A pipeline of income growth One of the reasons why refining giant Phillips 66 (NYSE:PSX) launched its midstream MLP Phillips 66 Partners (NYSE:PSXP) was to give investors an opportunity to collect a rapidly growing cash flow stream. That is why, when the MLP went public in late 2013, it stated that

  • Technology
    Associated Press

    Attacks on the internet keep getting bigger and nastier

    Manchester, New Hampshire-based Dyn Inc. said its server infrastructure was hit by distributed denial-of-service, or DDoS, attacks. The attack temporarily blocked some access to popular websites from across America and Europe such as Twitter, Netflix and PayPal. Members of a shadowy hacker group that calls itself New World Hackers claimed responsibility for the attack via Twitter, though that claim could not be verified.

  • Business

    In insurance, Big Data could lower rates for optimistic tweeters

    This could lead to future insurance cover based on "sentiment analysis", in which Big Data and artificial intelligence make predictive models ever more accurate. Swiss Re says technological advances will cut the price of insurance protection and help individuals and firms make better decisions through programmes that offer advice and incentivise improvements in areas such as health and driving. Social media monitoring is one of several advances insurers are examining to improve the pricing of policies.

  • Dominos CEO: We got ahead of the curve in technology
    Yahoo Finance

    Dominos CEO: We got ahead of the curve in technology

    Other than the company’s new recipe rolled out in 2010, in one word: technology. “We got into it early,” said CEO Patrick Doyle. Doyle said a big part of the company’s success is “early investment.” And he added the company hasn’t stopped.

  • Business

    Australia's largest private trade delegation to visit China

    Australia's largest ever private trade delegation is due to arrive in China on Sunday, just over a week after 18 employees from Australian gaming giant Crown Resorts Ltd were detained there for alleged gambling crimes. More than 200 delegates, including Queensland state ministers, agricultural producers and exporters will be on the visit to Shanghai aimed at building on the A$160 billion ($120 billion) trade relationship between Australia and China. "We have brought together businesses from banks to exporters and freight companies," Ben Lyons, the group's leader, said in a statement.

  • Sports

    Hamilton beats title rival Rosberg to pole

    By Alan Baldwin AUSTIN, Texas (Reuters) - Triple Formula One world champion Lewis Hamilton won a qualifying battle with Mercedes team mate and title rival Nico Rosberg on Saturday to secure pole position for the U.S. Grand Prix. Hamilton, 33 points behind the German with four rounds remaining, has won three of the past four races in Austin but had never before managed to seize top slot on the starting grid in Texas. The Briton's fastest lap of one minute 34.999 seconds was 0.216 quicker than Rosberg, who starts alongside him on the front row, and also the quickest yet at the Circuit of the Americas.

  • GM

    GM to add SUV production line at China JV in 2017: Xinhua

    General Motors Co plans to launch a new SUV production line at its joint venture factory in the Chinese central city of Wuhan during the first half of 2017, the official Xinhua News Agency reported on Sunday, citing company sources. SAIC General Motors (SGM), a joint venture between China's SAIC and General Motors, started operations at the Wuhan plant last year. The new production line will be able to produce 360,000 vehicles a year, bringing the combined capacity to 600,000, Xinhua said.

  • Stock Market Update from

    Stock Market Update from

    8:05 am: [BRIEFING.COM] S&P futures vs fair value: +9.30. Nasdaq futures vs fair value: +27.10. U.S. equity futures trade on a higher note with the S&P 500 futures floating nine points above fair value. Index futures are on the rise this morning amid

  • Russia’s Oil Industry Is Making The Most Of A Weak Ruble

    Russia’s Oil Industry Is Making The Most Of A Weak Ruble

    While Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices, oil and natural gas companies have actually increased investments or only seen modest declines, according to the EIA. This was due to the rapid devaluation of the ruble due to international sanctions and lower oil prices. The country currently taxes hydrocarbon extraction and heavy oil exports in a structure that levies lower tax rates on companies under lower crude oil prices.

  • ExxonMobil’s CEO Thinks Saudi Arabia’s Oil Market Outlook Is Dead Wrong -- The Motley Fool
    The Motley Fool

    ExxonMobil’s CEO Thinks Saudi Arabia’s Oil Market Outlook Is Dead Wrong -- The Motley Fool

    Saudi Arabia's energy minister recently warned that there could be a global oil supply shortfall in the coming years, which could push crude prices much higher. Driving this view is the expectation that production from legacy wells will decline by a significant amount over the next few years and that there is not enough production in the pipeline from megaprojects to offset these declines. It is a view shared by others in OPEC, with its former secretary general also warning about a potential future crude shortage and price spike. That said, ExxonMobil (NYSE:XOM) CEO Rex Tillerson thinks this view is incorrect. In his opinion, the Saudis are missing the fact that shale drilling has dramatically