Wire stories category, Page 108
Walgreens to shut 200 U.S. stores as part of cost-cutting plan
NEW YORK — Pharmacy chain Walgreens plans to close 200 stores in the United States as it seeks to cut costs. The company said in a regulatory filing Tuesday the closings are part of its previously announced plan to trim costs by $1.5 billion in a few years. In May,...
U.S. stocks notch solid gains as China stabilizes currency
Stocks closed broadly higher Tuesday as Wall Street regained its footing a day after the market had its biggest decline in a year. The bounce pushed the Dow Jones Industrial Average more than 300 points higher and snapped a six-day losing streak for the market, though the benchmark S&P 500...
Top Trump economic adviser Kudlow sees ‘no signs’ of recession amid trade war
WASHINGTON — Lawrence Kudlow, President Trump’s chief economic adviser, predicted Tuesday that “calmer heads” will prevail in an escalating trade confrontation between the U.S. and China even as he offered few concrete signposts for progress. The former CNBC analyst’s comments come as U.S. and global markets are slumping over worries...
Trump’s tariffs could blot out positive economic story
WASHINGTON — Just last week, solid economic numbers appeared to be helping President Trump’s reelection prospects. The United States had achieved its longest economic expansion. Stock prices were climbing. Job gains were steady. Consumers had scaled up spending. Growth was sturdy enough to presage a second term for a conventional...
Amazon’s self-driving delivery robots head to California
Amazon’s self-driving robots will be roaming the streets of another neighborhood. The online shopping giant said Tuesday that the six-wheeled robots, about the size of a smaller cooler, will begin delivering packages to customers in Irvine, California. It comes after Amazon began testing them in a suburb of Seattle at...
The Apple credit card is here
NEW YORK — The Apple credit card designed primarily for mobile use is here. Some iPhone users who requested a notification about Apple Card will get invites Tuesday to apply through Apple’s Wallet app. The company plans to expand sign-ups more broadly in coming weeks. The card, announced in March...
GateHouse, Gannett to merge for $1.4B, build newspaper giant
NEW YORK — Two of the largest U.S. newspaper companies have agreed to combine for roughly $1.4 billion, creating a new industry giant that hopes to manage the crisis of print’s decline through sheer size. GateHouse Media, a fast-growing chain backed by an investment firm, is buying USA Today owner...
Bid from New Kensington company awarded to rehabilitate I-70 bridges in West VirginiaVideo
WHEELING, W.Va. — West Virginia Gov. Jim Justice has awarded a nearly $215 million bid to improve bridges on Interstate 70. News outlets report the selection of the lowest bid for the project was announced Monday in Wheeling. New Kensington-based Swank Construction won the project to rehabilitate or replace more...
U.S. labels China a ‘currency manipulator’ as stocks fall and trade war worsens
WASHINGTON — The U.S.-China trade war took a dangerous turn for the worse Monday as Beijing allowed its currency to weaken and said it was halting new American farm purchases, sending U.S. stocks in a tailspin and heightening risks of a global economic downturn. The Chinese actions were seen as...
Stocks suffer worst rout of year as China escalates trade warVideo
NEW YORK — stocks plunged to their worst loss of the year Monday and investors around the world scrambled to sell on worries about how much President Trump’s worsening trade war will damage the global economy. China let its currency, the yuan, drop to its lowest level against the dollar...
Japan’s NEC shows ‘flying car’ hovering steadily for minute
ABIKO, Japan — Japanese electronics maker NEC Corp. on Monday showed a “flying car,” a large drone-like machine with four propellers that hovered steadily for about a minute. The test flight reaching 3 meters (10 feet) high was held in a gigantic cage, as a safety precaution, at an NEC...
Ford shows most powerful street-legal Mustang with 760 hp
DETROIT — The most powerful street-legal Ford Mustang ever built will go on sale this fall. A 5.2-liter supercharged V8 will crank out 760 horsepower in the 2020 Shelby GT500. The new version has a beefed-up suspension and brakes. It also has a seven-speed automatic transmission that Ford promises will...
Blackjewel’s coal assets sold at auction; hearing Monday
CHARLESTON, W.Va. — Contura Energy has made a successful bid at an auction for the assets of three Blackjewel LLC coal mines, including two of the top producers in the country. The results are subject to a federal bankruptcy judge’s approval Monday in Charleston. The judge ordered the parties to...
Times Leader newspaper in Pennsylvania sold to Avant
The Times Leader newspaper in Wilkes-Barre has been sold to a North Carolina media company. The newspaper reports that the Times Leader Media Group has been sold to privately held Avant Publications. The purchase price was not disclosed. Avant’s leadership group includes Scott Champion, whose Champion Media owns five dailies...
China threatens retaliation for Trump’s planned tariff hike
BEIJING — China on Friday threatened retaliation if U.S. President Donald Trump’s planned tariff hikes go ahead, while the renewed acrimony between the two biggest global economies sent stock markets tumbling. China’s government accused Trump of violating his June agreement with President Xi Jinping to revive negotiations aimed at ending...
Minivan sales keep falling, but experts say they’ll live on
DETROIT — They were the suburban vehicle of choice in the 1990s and early 2000s, but ever since, minivans appeared to be riding the slow lane to extinction. The soccer moms who once made the boxy people-haulers ubiquitous have shunned them for car-based SUVs with three rows of seats. Many...
Capital One hit with massive data breach affecting more than 100 million customers
SEATTLE — A hacker gained access to personal information from more than 100 million Capitol One credit applications, the bank said Monday as federal authorities arrested a suspect in the case. Paige A. Thompson — who also goes by the handle “erratic” — was charged with a single count of...
FTC fines Facebook $5B, adds oversight for privacy mishaps
WASHINGTON — Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business. But they are only holding CEO Mark Zuckerberg personally responsible in a limited fashion. The fine is the largest the Federal Trade Commission has levied on a tech...
Employers urged to find new ways to address workers’ mental health
In the middle of a work project at a global corporate consulting firm, Katherine Switz was gripped with a debilitating bout of anxiety. Her body froze, her heart raced, her chest tightened, and her mind went blank, which made it nearly impossible for her to concentrate on a computer screen...
Organic Valley rolls out ultrafiltered milk, betting on low sugar, high protein drink
Organic Valley, seeking to respond to demand for nutrient-dense beverages, Monday unveiled the first organic, ultrafiltered milk available nationwide. Ultrafiltered milk boasts 50% more protein and 50% less sugar than regular milk. As people experiment with plant-based alternatives or are restricting traditional milk and cheese for health or dietary reasons,...
Stocks rise after Coke, Hasbro, others report solid earnings
NEW YORK — U.S. stocks marched broadly higher in afternoon trading Tuesday on Wall Street as several major companies reported solid second quarter earnings. The steady gains built on Monday’s upward momentum and moved stocks closer to record highs reached just over a week ago. Stocks have been volatile in...
Wyoming eyes ongoing cuts amid prolonged energy downturn
CASPER, Wyo. — Wyoming lawmakers continue to look at spending cuts amid a prolonged downturn in revenue from the energy industry. Wyoming’s latest hit comes from the closure of two huge coal mines in the Powder River Basin in early July. State Budget Director Don Richards tells lawmakers if the...
Equifax to pay up to $700M in data breach settlement
WASHINGTON — Equifax will pay up to $700 million to settle with the U.S. and states over a 2017 data breach that exposed Social Security numbers and other private information of nearly 150 million people. The settlement with the U.S. Consumer Financial Protection Bureau and the Federal Trade Commission, as...
Delta to stock in-flight medical kits with Narcan
Delta Air Lines plans to stock its on-board emergency medical kits with Narcan, which can reverse the effects of opioid overdose, starting this fall. The Atlanta-based airline made the decision earlier this year, spokesman Michael Thomas said. Narcan is a brand name of the medication naloxone. The Association of Flight...
Passengers on Southwest flight get Nintendo Switch
DALLAS — Passengers on a Southwest Airlines flight got more than a small bottle of water when they boarded their plane. They received a Nintendo Switch system and a download code for the digital version of the “Super Mario Maker 2” game to enjoy as Flight 2246 traveled from Dallas...
