Search

Sharon McNutt, the 77-year-old mayor of Silver City, Iowa, is keeping alive the tradition of hosting precinct meetings in her home for the Iowa presidential caucuses. While most Republican caucuses are held in public places, McNutt's residence is the only one-of-a-kind venue. The practice of holding caucuses in homes has declined over the years due to increased attendance and global attention, but McNutt continues to host the meetings in her more-than-century-old Queen Anne-style home. She sees it as a grassroots tradition and enjoys the responsibility of hosting her entire Republican precinct. [Extracted from the article]

To win business from competitors in the international-package-delivery sector, FedEx Corp. has taken delivery of six Boeing 777 jets and will buy six more over the next 12 months. FedEx plans to spend $3.2 billion on planes and facility improvements in the current fiscal year.

FedEx Corp.'s second-quarter profit fell 30% to $345 million from $493 million a year earlier. Revenue dropped 9.9% to $8.6 billion. For the third quarter, the shipping company expects per-share earnings of between 50 cents and 70 cents. Full-year per-share earnings will be in the range of $3.45 to $3.75. FedEx also said it would lift its freeze on salary increases.

As part of a cost-reduction program, Fidelity Investments plans to reduce its workforce in November by 3% -about 1,300 jobs- and conduct a second round of layoffs early next year. It is estimated that Fidelity, which has $1.24 trillion in mutual fund assets, had net redemptions of $5.8 billion in October fueled by investor concerns over the state the mutual fund industry.

Byline: JENNIFER LEVITZ AND LIZ RAPPAPORT; WALL STREET JOURNAL STAFF With allegations of wrongdoing over its sales of auction-rate securities mounting, UBS AG has agreed to buy back nearly $19-billion [...]

French company Schneider Electric S.A. is acquiring American Power Conversion Corp. for $6.1 billion. Both companies manufacture equipment that helps corporations withstand power outages. There is a growing demand from corporations for power outage protection, to protect computerized data.

Byline: Jennifer Levitz WEST WARWICK, R.I. _ Al Prudhomme, a mechanic, went home and took a shower. It was time to go to his second job. His second job, but [...]

Byline: Jennifer Levitz ALLENTOWN, Pa._Two van loads of survivors of the Rhode Island nightclub fire descended on Allentown two nights ago to face Jack Russell, whose band Great White set […]

Byline: Jennifer Levitz ALLENTOWN, Pa. _ She found him 277 miles from Rhode Island, in a barroom between a bus terminal and a homeless shelter. She recognized the strings of […]

Byline: Jennifer Levitz PROVIDENCE, R.I. _ On a humid June night, at a church hall in Providence, R.I., Boy Scout Troop 28 welcomes a distinguished guest to its Eagle Court […]

Mutual fund companies are trying novel ways to convince people in their 20's to inves t in 401(k) plans because they are going to need their cash when the baby boomers start to retire.

The article discusses marketing and rebranding efforts by senior centers in U.S. states such as Minnesota, Ohio, and California during the early 21st century to appeal to members of the baby boom generation by offering active programs and abandoning the appellation senior and other euphemisms for old age. The article presents comments from Rochester, Minnesota, Senior Center executive director Sally Gallagher.