Macon Telegraph : Business News

Without a doubt, the trio of 3,000-pound, 310-gallon containers that arrived Monday will be important to the success of the Macon Beer Co.

Warm weather is a sign of a couple of things to come. One, mild temperatures may unfortunately be gone for a few months, and two, summer scams may be around the corner. A common scam that tends to surface during the warm days of summer is the driveway repair scam and the BBB wants you to know how you can avoid it.

What’s open, what’s not for Fourth of July

Cuba said Monday that its economy will grow by no more than 3 percent this year, about the same as in 2012 but far short of the 3.6 percent goal and another indication that President Raul Castro's reforms are generating little new economic activity.

Texas Attorney General Greg Abbott is leading a group of states that have joined the Justice Department's investigation of the proposed merger of American Airlines and US Airways.

The attorney general of Texas and counterparts in other states joined a U.S. Department of Justice review of the proposed merger between American Airlines and US Airways.

The IRS has informed Tyco International Ltd. that it has disallowed roughly $2.86 billion in interest and deductions recognized by the company in its U.S. tax returns for the 1997-2000 tax years, according to a filing Monday with the Securities and Exchange Commission.

College financial aid directors hope that members of Congress will return from their July 4 recess and reverse the doubling of the interest rate on new federal loans for financially needy students.

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Google Inc. won an important round Monday in a long-running legal battle over the company's plan to digitize the world's books, as a federal appeals court dealt a setback to an authors organization that is opposing the project.

The director of the embattled Vatican bank and his deputy resigned Monday, the latest heads to roll in a broadening finance scandal that has already landed one Vatican monsignor in prison and added urgency to Pope Francis' reform efforts.

The Walt Disney Co.'s board wants Chairman and CEO Robert A. Iger to stick around a bit longer.

Federal regulators say an executive at Michigan-based Dow Chemical tipped a Texas pal about the company's 2008 takeover of Rohm & Haas.

Zynga Inc. is getting a new CEO - video game industry veteran Don Mattrick.

Gold and other metals are ending higher. Crude oil is also ending higher, while crop prices are lower.

Claims by former Bank of America Corp. employees that they were offered incentives to deny mortgage modifications have caught the attention of the national mortgage settlement's monitor.

LESS FED CONCERN: Stocks gained after two economic reports, one on manufacturing, one on construction spending, added to evidence that the economy is muddling along, rather than powering ahead. That's good for stock investors betting that the Federal Reserve will keep up its stimulus.

The Dow Jones industrial average and the Standard & Poor's 500 index gained as investors judged that the economy still isn't growing fast enough for the Federal Reserve to ease back on its stimulus program. Reports on U.S. manufacturing and construction spending added to evidence that the economy is growing steadily, but modestly.

An early rally on Wall Street has faded away in afternoon trading, leaving indexes modestly higher on the first day of the month.

For nearly two years, refineries in the Midwest have been buying crude oil at steep discounts, thanks to a glut of U.S. and Canadian oil. But drivers in the Midwest haven't seen a corresponding decrease in gasoline prices. In fact, they sometimes pay more at the pump than people in other parts of the country, even as windfall profits flow to BP, Koch Industries Inc. and other large Midwestern refiners.