Industrials

Milestone for Port of Savannah: 4M cargo containers in 2017

The Port of Savannah loaded and unloaded a milestone 4 million shipping container units for the first time in 2017 as larger cargo ships fueled double-digit growth at its docks, the Georgia Ports Authority announced Monday.

Carl Icahn makes push to remove Xerox CEO

Billionaire investor Carl Icahn is calling for the removal of Xerox CEO Jeffrey Jacobson as the copier company reportedly seeks a deal with camera company Fujifilm.

This Week: Home sales, Caterpillar results, 4Q GDP

A look at some of the key business events and economic indicators upcoming this week: EYE ON HOUSING Strong demand has helped lift U.S. home sales to levels last seen at the height of the housing boom a decade ago.

How shutdown affects key parts of federal government

Thousands of federal employees began their weekends gripped with doubt, uncertain of when they'll be able to return to work and how long they'll have to go without being paid after a bitter political dispute in Washington triggered a government shutdown.

Business Highlights

___ US oil output is booming and seen outpacing Saudis, Russia PARIS (AP) — A global energy agency says that U.S. oil production is growing quickly and is forecast to top that of heavyweights Saudi Arabia and Russia this year.

Neutron Jack Welch is going nuclear over GE meltdown

Jack Welch, the former CEO of General Electric, is said to be apoplectic about the mounting problems faced by the once high-flying conglomerate, according to friends and associates who spoke to FOX Business.

GE shares stumble to worst week since financial crisis

General Electric shares tumbled for a fifth straight session on Friday, sending the stock to its biggest weekly percentage drop since the financial crisis, after the company flagged a possible breakup and more than $11 billion in charges earlier in the week.

Arkansas lawmakers approve ban on disputed herbicide

Arkansas lawmakers have approved banning an herbicide that farmers say has drifted onto crops where it wasn't applied and caused damage, but the prohibition still faces a legal challenge from a maker of the weed killer.

After flyers delayed, TSA aims to improve at Atlanta airport

After passengers waited well over an hour to get through security at Atlanta's airport as it struggled to recover from ice and snow, federal officials tried to avoid a repeat of lines that snaked through the airport's atrium and past its food court.

Business Highlights

___ Amazon narrows list to 20 for its second headquarters NEW YORK (AP) — Amazon has narrowed its search for a second headquarters city to 20 locations, concentrated mostly in the East and the Midwest.

Luggage limbo: Bags still missing after JFK airport woes

Newlywed Ziad Dallal and his wife arrived home in New York, with wedding keepsakes in their bags, to find John F. Kennedy International Airport paralyzed by winter weather woes that canceled flights, froze equipment and separated thousands of passengers from their luggage.