‘Business’ Archives
Smart Meter Installation Faces Stiff Opposition
A barrage of complaints has been lodged against Pacific Gas & Electric Co. as they begin plans to install 9.3 million digital electric and gas meters—otherwise known as "smart" meters—by 2012. The meters will contribute to state and national efforts to cut power-plant emissions in the coming years. The new meters wirelessly transmit [...]
Burger King To Be Acquired By 3G Capital Management
Burger King agreed on Thursday to sell itself to 3G Capital Management, a New York investment firm backed by prominent Brazilian businessmen. The company has agreed to acquire the chain for $24 a share, a 46% premium on Burger King's August 31 closing price. With a value of about $4 billion including debt, the Burger King/3G deal is the [...]
Jobless Rate Worsens Less Than Expected
The nation's jobless rate worsened slightly last month, moving up to 9.6% from 9.5% in July, according to a government report issued Friday. Nonfarm payrolls decreased by 54,000. The decrease was due to U.S. Census cutbacks, while the private sector increased its payrolls by 67,000. Both July and June's private-sector job figures were upwardly [...]
