Business category, Page 261
Marathon Petroleum and Prudential have dividend appeal
With impeachment and trade war in the air, the stock market probably won’t roar ahead in the next 12 months. Anything can happen, but my guess is that the coming 12 months will see a normal gain of 10% or less. In that environment, wouldn’t it be nice to have...
China’s trade with U.S. shrinks again in September
BEIJING — China’s trade with the United States fell by double digits again in September amid a tariff war that threatens to tip the global economy into recession. Exports to the United States, China’s biggest foreign market, fell 21.9% to $36.5 billion, a deterioration from August’s 16% decline, customs data...
California governor signs fur sales, circus performance bans
SACRAMENTO, Calif. — California will ban the sale and manufacture of new fur products and bar most animals from circus performances under a pair of bills signed Saturday by Gov. Gavin Newsom. Under the first-in-the-nation fur law, residents will no longer be able to sell or make clothing, shoes or...
Judge will halt lawsuits against Purdue Pharma, its owners
A judge will halt lawsuits against Purdue Pharma and its owners for six months in hopes of finalizing a settlement over the OxyContin maker’s role in the national opioid crisis, he said Friday. In a hearing, U.S. Bankruptcy Judge Robert Drain strongly brushed aside the argument from a group of...
U.S. consumers snap up Italian Parmesan before tariffs hitVideo
MILAN — U.S. consumers who appreciate the tang of aged Italian Parmesan cheese as an aperitif or atop their favorite pasta dish are stocking up ahead of next week’s tariff hike and as dairy producers in the two countries square off. The Italian agricultural lobby Coldiretti said Friday that sales...
West Virginia farmers quadrupled their hemp crop this year
MORGANTOWN, W.Va. — Farmers more than quadrupled West Virginia’s industrial hemp crop this year. Agriculture Commissioner Kent Leonhardt’s office says about 130 farmers grew 641 acres of industrial hemp in 2019, up from 155 acres in 2018. And more’s coming: The department’s statement says more than 400 applications have been...
Stocks climb for 2nd straight day on U.S.-China trade optimism
Stocks closed broadly higher on Wall Street for the second straight day Thursday as the U.S. and China kicked off a new round of negotiations in their long-running trade war. Technology companies and banks led the rally as investors turned hopeful that the 13th round of trade talks will bring...
Boeing to team with Porsche on electric flying carVideo
The idea of a flying car just got a bit of class. And environmental friendliness. Reuters reports planemaker Boeing Co. announced Thursday it is working with Porsche — owned by Volkswagen — on a concept electric flying car. Boeing has been in competition with other companies to build aerial vehicles...
Social Security checks to rise modestly amid push to expand benefitsVideo
WASHINGTON — Millions of retirees will get a modest 1.6% cost-of-living increase from Social Security in 2020, an uptick with potential political consequences in an election year when Democrats are pushing more generous inflation protection. The increase amounts to $24 a month for the average retired worker, according to estimates...
‘Jesus Shoes’ filled with holy water sell out for $3,000
Is it the holy water in the soles? Perhaps it’s the crucifix on the laces. Or maybe it’s the stitched “MT 14:25” on the side. We know it can’t be the bargain basement price: $3,000. Whatever it is, the Jesus Shoe is one hot item. The sneakers that appear to...
U.S. stocks notch broad gains amid renewed trade deal hopes
Stocks notched broad gains Wednesday on Wall Street as investors regained some of their optimism about the prospects for progress in the trade war between the U.S. and China. A day after escalating trade tensions led to a sharp sell-off, investors drew encouragement from reports that Beijing signaled it is...
Dick’s Sporting Goods destroyed $5 million worth of guns, CEO Edward Stack saysVideo
Dick’s Sporting Goods destroyed $5 million worth of assault rifles instead of returning them to their manufacturers, the Findlay-based company’s CEO told CBS in an interview. CEO Edward Stack spoke to CBS national correspondent Lee Cowan in an interview that aired on “CBS Sunday Morning.” “If we really think these...
Toys R Us is back (online) and partnering with TargetVideo
You can’t keep a good toy store down. Toys R Us made a return (of sorts) Tuesday by launching a new website. Of course, it’s getting a little help from its friends. At Target. Toys R Us’ parent company, Tru Kids Brands, is teaming with Target Corp. to relaunch Toysrus.com,...
Kroger, Walgreens to stop selling e-cigarettes in U.S.
NEW YORK — Two major retailers say they will no longer sell e-cigarettes in the U.S. amid mounting health questions surrounding vaping. Supermarket chain Kroger and drugstore chain Walgreens announced Monday they would discontinue sales of e-cigarettes at their stores nationwide, citing an uncertain regulatory environment. The vaping industry has...
John Dorfman: Diamondback, Oshkosh make the Casualty List
Stocks that are wounded often make the best buys. That’s why I compile a Casualty List each quarter of stocks that have landed in the market’s hospital — and that I think have outstanding potential to recover. The list you are about to read is the 66th one I’ve done...
Tesla cars could add fart noises to warn pedestriansVideo
Well, you can’t say that Elon Musk doesn’t have a sense of humor. When you gotta get someone’s attention, what’s better than fart noises? The Tesla CEO revealed plans to offer customizable alerts — including fart noises and goat sounds — that his electric cars would use as a warning...
UAW says negotiations with General Motors have ‘taken a turn for the worse’Video
DETROIT — The UAW’s lead negotiator said Sunday that talks with General Motors have “taken a turn for the worse.” The surprise negative development followed reports of progress in recent days and adds more uncertainty to when the UAW’s 3-week-old strike against GM might come to an end. In fact,...
Pittsburgh-based company gets grant to help women entrepreneurs
Pittsburgh-based Innovation Works has received a $50,000 award from the U.S. Small Business Administration to help women entrepreneurs and tech startups. The company was one of 60 winners of the SBA’s annual Growth Accelerator Fund Competition. Accelerators and incubators in 39 states will receive $3 million to support startups and...
U.S. stocks notch solid gains as job report allays worries
Wall Street ended a choppy week of trading with a broad rally that drove the Dow Jones Industrial Average more than 370 points higher. The gains Friday also gave the S&P 500 index its best day in seven weeks, though the benchmark index still finished with its third straight weekly...
Europeans keep out hope for talks with U.S. over tariffs
BERLIN — European officials said Friday they hope to engage the United States in talks on the new tariffs it has imposed on the EU, but are ready to respond with taxes on American goods if needed. German Foreign Minister Heiko Maas said that the U.S. government is “going down...
U.S. jobless rate falls to 50-year low of 3.5%
WASHINGTON — The U.S. unemployment rate fell in September to a new five-decade low of 3.5%, while employers added a modest 136,000 jobs. The Labor Department says that despite the ultra-low unemployment rate, which was down from 3.7% in August, average hourly wages slipped by a penny. Hourly pay rose...
Company shames job applicant for bikini photo: ‘This is not doing you any favors’
A marketing company got itself some bad publicity after it used a job applicant’s bikini photo to advise women to be more modest online. Emily Clow, 24, from Austin, Texas, had applied for marketing coordinator internship with Kickass Masterminds, reports Yahoo News. The marketing company, founded and primarily run by...
Stocks drop again to worst loss in weeks on economy worries
NEW YORK — Stocks tumbled again on Wednesday as worries about a weakening global economy boomeranged around the world. For a second straight day, the S&P 500 dropped to its worst loss in five weeks. The latest wave of selling came after a report showed hiring by U.S. companies slowed...
Stocks sink as U.S. manufacturing shrinks again amid trade war
NEW YORK — U.S. stocks sank to their worst loss in five weeks on Tuesday after a surprisingly limp report on the nation’s manufacturing stirred worries about the economy’s strength. The report showed that manufacturing weakened in September for the second straight month as President Donald Trump’s trade war with...
Manufacturing sinks to decade-low, stoking economic fearVideo
WASHINGTON — U.S. factory activity hit a decade low last month in the face of President Donald Trump’s trade conflicts, adding to a weakening picture of the global economy. The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index shrank for a second straight...
