US OKs construction of NEXUS gas pipeline
CANTON — The Federal Energy Regulatory Commission gave NEXUS Gas Transmission permission Wednesday to begin construction of its 36-inchdiameter natural-gas pipeline, about a month after approving the $2.1 billion project.
The pipeline is to carry up to 1.5 billion cubic feet of natural gas a day from the Utica and Marcellus shales to users in Ohio, Michigan and Canada.
The 255-mile pipeline will start near Hanoverton in Columbiana County and cross northern Ohio into Michigan and Ontario, Canada.
Detroit-based DTE Energy and Spectra Energy, which merged this year with Enbridge, a Canadian company, are partners in the project. now owns, the storied Coach company of New York is changing its name to Tapestry.
The luxury goods company that came to prominence in the “Mad Men” era now owns brands like Stuart Weitzman and Kate Spade & Co. as well. CEO Victor Luis said Wednesday that the name Tapestry is more inclusive.
Coach acquired Stuart Weitzman in 2015 in a deal valued at up to $574 million. It spent $2.4 billion for Kate Spade this year, seeking to broaden its appeal. The Coach brand of bags and other goods is alive and well, but it becomes one of three brands sold by the company that will be called Tapestry. in August to just under 6.1 million, the Labor Department said Wednesday, from 6.14 million in the previous month. July’s figure was revised slightly lower but is still the largest number of available jobs since records began in December 2000.
Job openings have risen as the number of unemployed has fallen to the lowest in a decade. The unemployment rate, currently 4.2 percent, has hit a 16-year low. That has left businesses struggling to fill open jobs.
Even so, average wage growth has been sluggish, suggesting that companies aren’t offering sufficiently healthy pay to entice workers already employed to switch jobs.
Companies also pulled back slightly on hiring, and the number of people quitting their jobs also fell a bit. Overall, the report suggests the job market was healthy but a little less active in August.
The government reported last week that Hurricanes Harvey and Irma caused employers to shed 33,000 jobs in September.