Financial
Anheuser-Busch, Teamsters reach tentative deal PDF  | Print |  E-mail
Written by Associated Press   
Sunday, 23 March 2014 06:53

ST. LOUIS (AP) — Anheuser-Busch and the International Brotherhood of Teamsters say they have reached a tentative deal on a five-year contract for workers at the beverage-maker's 12 U.S. breweries.

The company and union say in a statement dated Friday and posted on the company's website that the deal is subject to ratification by the union members. They say their negotiators are focused on finalizing the contract language.

Anheuser-Busch is based in St. Louis and is a subsidiary of Anheuser-Busch InBev. It has U.S. breweries in Missouri, California, Colorado, Texas, Florida, Georgia, Virginia, Ohio, New Jersey, New York and New Hampshire.


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Icy Lake Superior means slow shipping season start PDF  | Print |  E-mail
Written by Associated Press   
Sunday, 23 March 2014 06:45

DULUTH, Minn. (AP) — This year's shipping season is getting off to a slow start due to record levels of ice on the Great Lakes, including ice that's five feet thick in some parts of the Duluth harbor.

Coast Guard cutters and local tugs are working hard to break up the ice, but maps from the National Oceanic and Atmospheric Administration showed that as of last week, 90 percent of Lake Superior was still covered by ice. That's down from a peak of 95 percent earlier this year.

"Because of the severe ice conditions, several fleets have delayed their first sailing until early April," Jim Sharrow, with the Duluth Seaway Port Authority, told KSTP-TV.

Nine Coast Guard cutters across the Great Lakes are prepared to clear channels and escort ships, and two more cutters are on the way from Canada, Sharrow said.

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Inventor battling U.S. over patents sought in 1970s PDF  | Print |  E-mail
Written by KEN RITTER, Associated Press   
Sunday, 23 March 2014 06:52

LAS VEGAS (AP) — One by one, Gilbert Hyatt pointed to the adding machine, the first-generation Sony PlayStation console, the television, the handheld video recorder and the telephone switching device arrayed on the conference-room table.

Each has technology that he invented and patented, he said.

Hyatt, 75, of Las Vegas, said he has obtained more than 70 patents since the 1960s, including one on a single-chip microcomputer that was widely licensed and became a component of the many products on the table.

Now, Hyatt is fighting patent officials, accusing them of stalling two applications that he sought more than 40 years ago and are still pending.

He filed a lawsuit in January against the U.S. Patent and Trademark Office in federal court in Las Vegas seeking a final decision on the applications he submitted in 1971 and 1972 for a device he calls a square-wave signal processor. He said the device converts analog and digital signals in control systems on machines, including those that make circuit boards and integrated circuits.

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Obama signs relief from flood insurance hike PDF  | Print |  E-mail
Written by NEDRA PICKLER, Associated Press   
Saturday, 22 March 2014 06:42

WASHINGTON (AP) — Homeowners living in flood-prone areas are getting relief from big spikes in insurance costs under legislation President Barack Obama signed into law Friday.

Lawmakers from both parties supported the measure in response to angry homeowners who faced sharp premium hikes after an overhaul of the government's flood insurance program two years ago.

Democratic Sen. Robert Menendez of New Jersey said he was hearing from constituents still reeling from Superstorm Sandy, "many who came to me in tears, expressing horror stories of skyrocketing flood insurance premiums that threatened to force them from their homes."

The 2012 rewrite was aimed at weaning those in flood-prone areas off of subsidized rates and required extensive updating of the flood maps used to set premiums. But its implementation left homeowners along the Atlantic and Gulf coasts and in flood plains facing often unaffordable rate increases.

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