Business category, Page 272
Retirees worldwide may run out of money 10 years before they die, report shows
One of the toughest problems retirees face is making sure their money lasts as long as they do. From the U.S. to Europe, Australia and Japan, retirement account balances aren’t increasing fast enough to cover rising life expectancy, the World Economic Forum warns in a report published Thursday. The result...
Florida law lets autonomous vehicles drive without humans
TALLAHASSEE, Fla. — Self-driving vehicles will be able to operate in Florida without a human on board under a bill signed by Republican Gov. Ron DeSantis. DeSantis signed the measure Thursday at a test track for autonomous vehicles. The governor says he wants companies testing the vehicles to move to...
Uber plans to start delivering McDonald’s hamburgers by drone this summer
In just over a decade, Uber has fundamentally transformed the way people get from one place to another, unleashing both chaos and convenience. Now the global ride-hailing behemoth is hoping to revolutionize how people get their food. On Wednesday, the company announced plans to begin testing the first-ever commercial application...
Ford recalls 1.3M vehicles for suspension, transmission woes
DEARBORN, Mich. — Ford is recalling over 1.3 million vehicles mainly in North America to fix rear suspension and transmission control software problems. The largest recall covers over 1.2 million Explorer SUVs from 2011 through 2017. Ford says a rear suspension toe link can break if the suspension moves a...
Uber tests drone food delivery, launches new autonomous SUV
Uber is testing restaurant food deliveries by drone. The company’s Uber Eats unit began the tests in San Diego with McDonald’s and plans to expand to other restaurants later this year. Uber says the service should decrease food delivery times. It works this way: Workers at a restaurant load the...
Canadian store shames shoppers into not using plastic bags
One Canadian grocery story has come up with a pretty ingenious way of discouraging its customers from using plastic bags: shame. The East West Market in Vancouver, British Columbia, is looking to push the green agenda. To that effort, they ordered plastic bags with some rather embarrassing logos on them...
Report: Cereals positive for trace amounts of weed killerVideo
Popular breakfast cereals contain a controversial herbicide found in weed killers, according to a report released Wednesday. The new report, by Environmental Working Group, or EWG, an environmental advocacy group in Washington D.C., found trace levels of glyphosate in 21 oat-based cereals and snack products. Glyphosate is the main ingredient...
The fun is back – pre-orders start for new Atari VCS console
Have you played Atari today? Odds are, probably not. But as early as March, the answer could be yes. Atari, which popularized home video gaming with its legendary cartridge-based Video Computer System, or 2600, is launching a new, retro-styled Atari VCS that the company says will play classic and modern...
State attorneys general sue to block merger between Sprint and T-Mobile
Nine states and the District of Columbia filed a lawsuit Tuesday to block the proposed merger of T-Mobile and Sprint, believing that the combination of the country’s third- and fourth-largest wireless carriers would threaten competition and harm consumers. The lawsuit, led by the attorneys general of New York and California,...
Krispy Kreme goes all in with mega Times Square store
Don’t look now, but a trip to New York City’s Times Square just got a lot sweeter. Krispy Kreme, the doughnut store extraordinaire, announced it is opening the first-of-its-kind flagship store in Times Square in early 2020. With its 4,500 square feet of retail space, the shop “will serve more...
New Jersey mandates panic buttons for hotel room cleaners
ATLANTIC CITY, N.J. — New Jersey Gov. Phil Murphy has signed a law requiring most of the state’s hotels to provide their workers with wearable panic buttons they can press to quickly summon help in an emergency. The Democratic governor signed the bill Tuesday. He and several nationwide unions say...
John Dorfman: Here are the stocks I own
I recommend about 250 stocks a year in this column, but usually hold only about 25 stocks in a typical client portfolio. Naturally, readers ask from time to time, “Well, what do you actually hold?” So, once a year in this column I report on the holdings in my firm’s...
West Virginia Gov. Jim Justice slams Michael Bloomberg’s clean energy plan
CHARLESTON, W.Va. — Former New York City Mayor Michael Bloomberg’s $500 million effort to close the nation’s coal plants isn’t sitting well in West Virginia. West Virginia Gov. Jim Justice criticized the clean energy plan at a news conference Monday, saying it will destroy the economy of his coal-producing state....
Seniors more likely to work longer in big metropolitan areas
CHICAGO — Seniors in major metropolitan areas, especially in the Northeast and around Washington, D.C., are more likely to continue working past age 65 than those in other areas around the country, according to an analysis of Census data by The Associated Press-NORC Center for Public Affairs Research. “Those are...
Strong job market hampers FEMA hiring in flood-hit states
LINCOLN, Neb. — The Federal Emergency Management Agency is facing an unexpected challenge in meeting the needs of the many people affected by this spring’s widespread flooding and violent storms: a strong economy. Tasked with responding to natural disasters that seem ever more frequent and destructive, the agency finds itself...
Trump’s trade wars may be pressuring both economy and Fed
WASHINGTON — A sharp slowdown in U.S. hiring for May intensified fears that the economy has weakened and that many employers have grown nervous, in part from President Trump’s escalating trade wars. Yet the stock market soared and bond yields fell because investors found a reason to cheer: The tepid...
FDA: ‘Influencers’ promoted vaping without suitable warnings
WASHINGTON — U.S. regulators moved to discipline vaping companies for inappropriately promoting their flavored nicotine formulas through so-called influencers on Facebook, Twitter and other social media sites. The Food and Drug Administration sent warning letters Friday to four companies that used paid social media influencers to pitch nicotine solutions to...
Tariffs have already wiped out tax bill savings for average Americans
President Trump’s trade wars have already wiped out all but $100 of the average American household’s windfall from Trump’s 2017 tax law. And that’s just the beginning. That last $100 in tax-cut gains also could soon disappear — and then some — because of additional tariffs Trump has announced or...
Broadway insiders are quietly betting on streaming musicals
NEW YORK — This would seem like a strange moment to worry about Broadway’s future. The oldest entertainment business in the United States is thriving. Thanks to shows such as “Dear Evan Hansen,” “Be More Chill,” “Hamilton” and “Harry Potter and the Cursed Child,” young people are flocking to Broadway’s...
Ram pickups recalled because air bags may not work in crash
DETROIT — Fiat Chrysler is recalling nearly 343,000 Ram pickup trucks worldwide because the air bags may not inflate in a crash. The recall covers the Ram 1500 mainly from the 2019 model year, although the company has a small number of 2020 models. Fiat Chrysler says a software error...
Once a book selling giant, Barnes & Noble sold to hedge fund
NEW YORK — The beleaguered bookseller Barnes & Noble is being acquired by a hedge fund for $476 million. The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com and other online competitors. Independent bookstores have also persisted in the face of digital...
S&T Bank and DNB First announce merger
Indiana-based S&T Bancorp Inc., the holding company for S&T Bank, and DNB Financial Corp., the holding company for DNB First, announced a definitive merger agreement on Wednesday. Based on S&T’s Tuesday price of $38.75 per share, the transaction will have an aggregate value of $206 million and will expand S&T’s...
Google’s streaming game service Stadia to launch in November
NEW YORK — Google will start its Stadia streaming service to challenge the video game industry in November — but initially only as part of a $130 bundle that includes hardware and a pass for a friend. Google announced the game service in March with few details. On Thursday, Google...
Regulators give phone companies new tools to fight robocalls
NEW YORK — Federal regulators are giving phone companies the right to block unwanted calls without getting customers’ permission first. Thursday’s vote by the Federal Communications Commission could make call-blocking widespread and help consumers dodge annoying robocalls. The agency expects phone companies to offer these tools for free. But it...
Poll: Some younger workers not happy with graying workforce
A rising share of older Americans is forgoing the concept of a traditional retirement at the age of 65, a trend that some younger workers aren’t particularly thrilled to see. A recent poll by The Associated Press-NORC Center for Public Affairs Research found that workers under the age of 50...
