Business category, Page 282
AP Sources: Jeffrey Epstein arrested in NY on sex charges
NEW YORK — Wealthy financier and registered sex offender Jeffrey Epstein was arrested Saturday in New York on sex-trafficking charges involving allegations that date to the 2000s, according to law enforcement officials. Epstein, a wealthy hedge fund manager who once counted as friends former President Bill Clinton, Great Britain’s Prince...
W.Va. coal billionaire Chris Cline killed in helicopter crash
CHARLESTON, W.Va. — Coal tycoon Chris Cline, who worked his way out of West Virginia’s underground mines to amass a fortune and become a major Republican donor, has died in a helicopter crash outside a string of islands he owned in the Bahamas. Cline and his 22-year-old daughter Kameron were...
U.S. adds solid 224,000 jobs; Fed rate cut may be less certain
WASHINGTON — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion. The strength of the jobs report the Labor Department issued Friday could complicate a decision for the Federal Reserve late this...
Boeing to pay $100 million to crash families, communities
Boeing said Wednesday that it will provide an “initial investment” of $100 million over several years to help families and communities affected by two crashes of its 737 Max plane that killed 346 people. The Chicago-based company said some of the money will go toward living expenses and to cover...
Pet owners have some tools to fight veterinary sticker shock
That cuddly new puppy can be pretty intimidating if pet owners consider the veterinary bills it might produce. A pet’s torn knee ligaments or a broken leg that needs surgery could cost a few thousand dollars. Even stitches to close a bite wound after a scrap with another dog can...
Blackjewel CEO confident bankrupt coal operator will rebound
CHARLESTON, W.Va. — The CEO of one of the nation’s largest coal producers says he’s confident the company will bounce back despite the shutdown of several mines after it filed for federal bankruptcy protection. Milton-based Blackjewel LLC filed for Chapter 11 bankruptcy protection Monday in U.S. Bankruptcy Court for southern...
Facebook to make jobs, credit ads searchable
BOSTON — Facebook says it will make advertisements for jobs, loans and credit card offers searchable for all U.S. users under a legal settlement designed to eliminate discrimination on its platform. The plan disclosed in an internal report Sunday voluntarily expands on a commitment the social medial giant made in...
Trump says U.S. ‘winning’ trade war after reviving China talks
WASHINGTON — President Trump declared the U.S. was “winning” the trade war a day after reaching a temporary truce with Chinese President Xi Jinping. On a visit to South Korea following the Group of 20 summit in Japan, Trump said at a news conference the Federal Reserve “has not been...
Report: Apple to shift assembly of Mac Pro from U.S. to China
SAN FRANCISCO — A newspaper is reporting that Apple will manufacture its new Mac Pro computer in China, shifting away from a U.S. assembly line it had been using for that product in recent years. The Wall Street Journal reported the plan Friday, citing unidentified people familiar with the move....
Lego strikes deal to buy Legoland, Madame Tussauds
COPENHAGEN, Denmark — The owners of toy maker Lego are teaming up with a group of investors to buy Merlin Entertainment, a British company that operates theme parks like Legoland and the Madame Tussauds wax museums. Kirkbi Invest said Friday it is joining forces with private equity firm Blackstone and...
Trucking company to expand Indiana County operations, add 25 jobs
PGT Trucking Inc., a flatbed transportation company, will expand its Indiana County operations and add 25 jobs, Gov. Tom Wolf said Thursday. PGT Trucking plans to expand its Burrell Township location to improve its training operations and maintenance capabilities. The project includes significant expansion of the primary training facility for...
Trade tensions, India tariffs put California almonds at risk
MODESTO, Calif. — Along large swaths of California’s lush central valley, almonds in the fuzzy hulls of tree leaves blow in the wind on thousands of acres of orchards. Thousands of miles away in India, customers browse the nut sections of busy street markets and grocery stores in search of...
Politicians’ tweets could get slapped with warning labels
SAN FRANCISCO — Presidents and other world leaders and political figures who use Twitter to threaten or abuse others could find their tweets slapped with warning labels. The new policy, announced by the company on Thursday, comes amid complaints from activists and others that President Donald Trump has gotten a...
Future is in doubt for cheaper versions of biologic drugs
TRENTON, N.J. — They were the drugs that were supposed to save the U.S. tens of billions of dollars. Called “biosimilars,” they are near-copies of complex and expensive biologic drugs to treat cancer, rare diseases and autoimmune disorders like rheumatoid arthritis and colitis. But U.S. sales have been so limited...
Apple recalls some MacBook Pro laptops due to fire hazard
NEW YORK — Apple is recalling some MacBook Pro laptops due to a fire hazard. The batteries in the laptops can overheat, posing a safety risk. The recalled MacBook Pros have a screen that measures 15-inches diagonally and were sold between September 2015 through February 2017 in the United States...
How did 7-Eleven get its name? It was all timing
What’s in a name? 7-Eleven, with more than 68,000 locations across 17 countries, including nearly 10,000 in the United States, is among the world’s most widely recognized convenience store chains. The story behind its seemingly unique name is … well … not very unique at all. Originally named Tote’m Stores,...
Facebook enlists plain English to clarify how it makes money
SAN FRANCISCO — Facebook is updating its terms and services guidelines to clarify how it makes money from the personal information of its users. The changes reflect its ongoing attempts to satisfy regulators in the U.S. and Europe, which have urged the company to make sure users know what they...
Starbucks is losing money in Britain
Starbucks reported an annual loss in its United Kingdom operations, saying foot traffic at its cafes declined in a downbeat economy and as consumers want coffee delivered to their homes or desks. The company’s British store arm lost about $22 million in the year ended September 2018, after a profit...
Ford restructuring to cost 12,000 jobs in Europe
FRANKFURT, Germany — Carmaker Ford said Thursday it is shedding 12,000 jobs in Europe to increase profitability, part of a global trend of cost cuts by automakers facing shifting consumer tastes and heavy investments in electric cars. The job losses amount to about a fifth of Ford’s work force in...
Alabama car dealership offers gun, Bible and American flag with every sale
A car that comes fully loaded now has an entirely new meaning. In an appeal to patriotism, a car dealership in Chatom, Ala., is offering a Bible, an American flag and a 12-gauge shotgun with any new or used vehicle as part of its Fourth of July sales promotion through...
Artist’s viral Juneteenth doodle leads to job offer from Google
Who says passive-aggression doesn’t earn any friends? It might not, but it reportedly earned artist Davian Chester a job with search engine-giant Google this past week. Chester, 26, called out Google for what he described as the company’s failure to highlight an important milestone for his ancestors, according to VladTV....
Gas prices could rise after fire-stricken refinery closes in Philly
The largest oil refinery on the East Coast said Wednesday that it will close after a devastating fire last week that set off explosions and damaged equipment, and analysts said consumers could see gas prices rise as summer travel hits full swing. Philadelphia Energy Solutions sent a notice to state...
Instagram CEO Adam Mosseri says company is exploring ‘new experience’ on platformVideo
Instagram is currently rethinking use of its app, leading to what chief Adam Mosseri claims the company is “rethinking the whole experience” for the user. Mosseri told Gayle King on “CBS This Morning” that the social media platform may plan to make the “like” function private. The rationale behind the...
Apple buys more self-driving car technology in latest deal
CUPERTINO, Calif. — Apple has bought a struggling self-driving car startup as the iPhone maker continues to explore the potential market for robotic vehicles, despite recently curtailing its work on the technology. The Cupertino, California, company confirmed its acquisition of Drive.ai Wednesday without disclosing the price. A recent filing with...
Feds crack down on robocallers from coast to coast
The Federal Trade Commission has stepped up its fight against robocalls. The commission worked with federal, state and local law enforcement agencies on “Operation Call it Quits” this week, charging three companies and one individual that are allegedly responsible for a combined 1 billion spam calls. “We’re all fed up...
