You are on page 1of 1

BUSINESS

SATURDAY, AUGUST 10, 2013 e

GREEN BAY PRESS-GAZETTE

A5

www.greenbaypressgazette.com
COMMUNITY ENGAGEMENT EDITOR AMBER PALUCH apaluch@greenbaypressgazette.com (920) 431-8361

BRIEFCASE
TWO RIVERS NRC increases its oversight of Point Beach plant
The Nuclear Regulatory Commission will increase its oversight of Point Beach Nuclear Plants Units 1 and 2 for failures to ensure appropriate procedures were in place for a potential flood, the agency announced Friday. An NRC inspector identified the violation during an inspection from January to March. The violation involved the failure of the plant to have procedures to prescribe how to protect safety-related equipment in the turbine building and pump house from potential lake flooding, the agency said in a news release. Point Beach is operated by NextEra Energy and is in Two Rivers. The NRC staff held a regulatory conference in July to discuss the risk of the preliminary finding and concluded the violation should be classified as white, meaning it has a low to moderate safety significance. The NRC said Point Beach has taken corrective actions to address the violation and has additional actions planned in order to avoid a recurrence. The NRC said it will conduct a supplemental inspection to ensure that the causes are identified and understood, and that corrective actions are sufficient.
Press-Gazette Media

NEW YORK Priceline stock flirts with historic $1,000 mark


Priceline.com came close Friday to becoming the first stock in the Standard & Poors 500 index to cross $1,000. Investors jumped onboard after the travel booking company reported better than expected second-quarter earnings. The stock rose to almost $995 before leveling off. The stock closed at $969.89. The companys stock hasnt been this high since it had an adjusted closing price of $974.27 on April 30, 1999, a month after going public in the heady days of the dotcom boom. The stock dropped below $10 just two years later. Online travel sites like Priceline, Expedia and Orbitz have their roots in booking airline tickets, but have branched out because of a decline in commissions the airlines pay them. Priceline has been the most aggressive and successful in diversifying through several companyowned sites including Booking.com, Agoda, and Rentalcars.com.
Associated Press

Iconic bike manufacturer makes comeback under new owner Polaris


By Susan Carpenter
Orange County Register

NEW YORK Stocks slide on quiet day, end down for week
Friday was the ho-hum capstone to a ho-hum week in the stock market as unimpressive earnings kept investors feeling wary and news about the U.S. economy left them uninspired. All three major indexes ended lower, and almost everything about the day screamed summer. Trading was light and earnings season was nearly over. The only major economic news the government released was wholesale inventories, and thats hardly a closely watched indicator. Those still at work remarked on the difference that just a week made the S&P 500 and the Dow Jones industrial average both hit their highest closing levels exactly one week before and joked that all their colleagues had already taken off for the Hamptons, a group of tiny beach towns east of Manhattan. Practically the whole financial world is there today, said Jeff Sica, president and chief investment officer of Sica Wealth Management, from his office in Morristown, N.J. Friday marked not just a losing day but also a losing week for the Dow, the S&P 500 and the Nasdaq composite. For the Dow, it was its first weekly loss since June.
Associated Press

nder a wall of video screens declaring choice is here for American motorcycles, three new bikes representing the latest incarnation of Indian Motorcycle rolled into public view for the first time last weekend. The thousands of enthusiastic bikers who arrived at the Sturgis Motorcycle Rally in South Dakota were the first to see the results of Indians 27month ownership by the global power-sports brand Polaris Industries. The cruiser and two touring models come steeped in Indian history and fused with advanced technologies. Priced from $18,999 to $22,999, the base model is the Chief Classic, trimmed in leather and chrome. The Chief Vintage comes with a quick-detach windshield and a distressed-

Art Welch, co-owner of Indian Motorcycle of the Twin Cities, stands in the St. Paul, Minn., showroom. BRUCE BISPING/MINNEAPOLIS STAR TRIBUNE

leather saddle and bags, while the Chieftain is a touring model with a hard fairing, electrically adjustable windshield and Bluetooth connectivity. Each bike draws inspiration from the iconic Indian Chief, introduced by the original manu-

facturer in 1922, with skirted fenders, Indian head ornamentation and an all-new, 111-cubicinch engine. That engine retains the look of a vintage 1950s Indian V-twin, with a downward See INDIAN, A6

Road America hosts one of final events for separate Grand-Am, Le Mans
By Alexandria Valdez
Press Gazette Media

For competing racing series, its time to merge


ELKHART LAKE For sports

ALEX BREITINGER
Commentary

Cattle prices stampeding skyward


attle prices charged to their highest mark in more than four months after a major meatpacker announced it would stop buying cattle that had been fed with a broadly used feed additive. The supplement, known as Zilmax, is used to help promote weight gain in cattle. Cattle prices exploded in the wake of the announcement, climbing the exchanges maximum 3 cents per pound, on fears that U.S. beef supplies would drop in the wake of the decision. Some traders are wary of grabbing this bull market by the horns, especially if other beef
See CATTLE, A6

car driver Spencer Pumpelly, competing at Road America offers a glimpse into the past. The one thing that you dont get here that you get at other tracks is you dont feel the tediousness of multiple, really tight corners, which is all the rage now, Pumpelly said. This is an old track, it was built back in an era when race cars were allowed to go fast, and so its fun to come here and really open up one of these cars and let the thing rip. The four-mile tracks twists, turns and carousel are hosting two headline series this weekend near Elkhart Lake the

A Ferrari exits turn 3 at Elkhart Lakes Road America on Thursday during practice for road races on Saturday and Sunday. GARY C.
KLEIN/GANNETT WISCONSIN MEDIA

American Le Mans series and the Grand-Am Road Racing series. Over the past 10 years, the two series have competed against each other but in 2014 will join together as the United SportsCar Racing series. The decision to join NASCARs Grand-Am series and the 24 Hours of Le Mans-inspired series came in September. Its always been kind of a difficult path to have two enti-

ties that are kind of doing the same thing and have the same products, said Scott Elkins, who is chief operating officer of the International Motor Sports Association and the American Le Mans series, and the managing director of technical regulations and development for Grand-Am. It really
See RACING, A6