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Trader's Blog
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Today's News
Southern Co. CEO defends Miss. power project
1 hour, 33 minutes ago
The head of Southern Co. called the decision to write off $540 million in extra costs on a Mississippi power plant "a bitter pill for us to swallow," but he defended the project Wednesday as a long-term investment for the large utility. Losses from the plant, a project of Southern Co. subsidiary Mississippi Power, proved a drag on the parent company's net income, which fell 78 percent to $81 million during the first three months of the year compared to $368 million during the same period last year. Mississippi Power said it will not pass the extra costs on to its customers.
Rhode Island Senate OKs minimum wage hike
1 hour, 33 minutes ago
Rhode Island's minimum wage would go up 25 cents to $8 per hour next year under legislation approved Wednesday by the state Senate. The state's minimum wage is now $7.75, compared with the federal minimum of $7.25, while the minimum wage is $8 in Massachusetts and $8.25 in Connecticut. Supporters of the raise said many Rhode Islanders are forced to work multiple minimum-wage jobs to afford rent, food and transportation. An extra quarter an hour _ or about $10 a week _ might help make ends meet, they said.
WikiLeaks case file fight moves to federal court
1 hour, 33 minutes ago
The WikiLeaks organization and a handful of journalists asked a federal judge Wednesday to order greater transparency in the court-martial of an Army private who has acknowledged sending reams of classified document to the WikiLeaks website. It also seeks to have the lawyers and military judge "reconstitute" in open court certain conferences they have held out of public view.
Fisher-Price moving, eliminating about 100 NY jobs
1 hour, 35 minutes ago
Toy maker Fisher-Price said Wednesday it's moving or eliminating roughly 100 jobs from its operations New York as part of restructuring by parent company Mattel Inc. Most of the affected employees work at Fisher-Price's East Aurora headquarters near Buffalo, and the rest are in New York City. The cuts do not affect employees in toy design and development at the 900-employee East Aurora campus, Fisher-Price spokeswoman Brenda Andolina said.
