Wire stories category, Page 110
Federal Reserve Chairman Jerome Powell: Economy facing growing uncertainties
WASHINGTON — Federal Reserve Chairman Jerome Powell said Tuesday the economic outlook has become cloudier since early May, with rising uncertainties over trade and global growth causing the central bank to reassess its next move on interest rates. Speaking to the Council on Foreign Relations in New York, Powell said...
Financial analyst: New Kraft Heinz CEO faces ‘monumental challenge’
A financial securities analyst says the Kraft Heinz Company may be running out of cash, and its new CEO has a “monumental challenge” on his hands. Guggenheim Securities analyst Laurent Grandet told Yahoo! News that Miguel Patricio, who will take the company’s CEO reins on July 1, will need to...
Slurpees incoming! 7-Eleven begins delivery in public spaces
NEW YORK — Craving a Slurpee from 7-Eleven but you’re stuck in the park? Not to worry: The convenience-store chain is launching a service that lets customers order everything from its famed frozen drink to a battery charger and have it delivered to a public place like a park or...
Steelmakers are next in the crosshairs as climate pressure grows
Flames leap from cauldrons brimming with molten iron as they’re tipped into giant vats at one of Europe’s largest steel mills. Heated to over 1,800 degrees in furnaces fired by coal, the liquid metal sloshing at Thyssenkrupp’s facility in Duisburg, Germany, will eventually wind up in automobiles, wind turbines and...
Toys ‘R’ Us, back from the dead, will open U.S. stores in 2019
Maybe American kids will only have to live through one Christmas without Toys “R” Us. About a year after shuttering U.S. operations, the remnant of the defunct toy chain is set to return this holiday season by opening about a half dozen U.S. stores and an e-commerce site, according to...
Restaurants could be 1st to get genetically modified salmon
NEW YORK — Inside an Indiana aquafarming complex, thousands of salmon eggs genetically modified to grow faster than normal are hatching into tiny fish. After growing to roughly 10 pounds (4.5 kilograms) in indoor tanks, they could be served in restaurants by late next year. The salmon produced by AquaBounty...
MediaNews plans to cut 81 jobs at Reading Eagle
The new owners of the Reading Eagle plan to lay off more than a third of the staff after they assume control of the 150-year-old newspaper and the company’s other assets later this month. MediaNews Group stepped forward to buy the Reading Eagle Co. for $5 million after the family-owned...
Fed leaves its key rate unchanged but hints of future cuts
WASHINGTON — The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it’s prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats. The Fed kept its benchmark rate — which influences many consumer and business loans — in...
Survey: Owners having problems with driver-assist systems
As auto companies continue to fix buggy touch-screen infotainment systems, a survey of new-vehicle buyers has found there’s a different technology posing problems: driver assist systems such as automatic emergency braking. The annual survey by J.D. Power found that as the electronic safety systems find their way into more mainstream...
GM seeks to avoid Takata recalls for fourth straight year
DETROIT — General Motors is trying to avoid recalling potentially deadly Takata air bag inflators in thousands of full-size pickup trucks and SUVs for the fourth straight year, leaving owners to wonder if vehicles are safe to drive. The automaker petitioned the National Highway Traffic Safety Administration to exempt it...
New England newspaper owner fights to save local journalism
PITTSFIELD, Mass. — These days, the news about local news seems relentlessly bad: Newsroom employment, down by nearly half over the past 15 years. Waves of layoffs continuing to hit both traditional newspaper chains and digital news startups. Cities and towns so denuded of coverage that they’re described as “news...
Facebook plans its own currency for 2 billion-plus users
SAN FRANCISCO — Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce...
Trump is about to face his biggest test yet on the economy
WASHINGTON — President Trump faces a number of major decisions on trade and the budget in the coming months just as the U.S. economy faces the biggest head winds of his tenure, forcing him to decide whether to recalibrate as recession fears mount for next year. Trump has threatened to...
Boeing says ‘sorry’ for Max crashes, seeking renewed trust
LE BOURGET, France — Boeing executives apologized Monday to airlines and families of victims of 737 Max crashes in Indonesia and Ethiopia, as the U.S. plane maker struggles to regain trust of regulators, pilots and the global traveling public. Kevin McAllister, CEO of Boeing’s commercial aircraft, told reporters at the...
Target stores’ registers are down across the country
Registers at Target stores across the country were down Saturday afternoon, bringing checkout lines to a standstill and sending shoppers to Twitter to vent their frustrations. The company said on Twitter that it was “aware of a systems issue” in its stores and was working to resolve it. It was...
Spirit Airlines’ new strategy: A pleasant flight
When low-cost carrier Spirit Airlines begins new service from Hollywood Burbank Airport to Las Vegas later this month, passengers may be surprised to find the carrier do something it hasn’t been known for: Arrive on time. And when the Florida-based carrier lands in Sin City, the chances that Spirit fliers...
Concerns over Persian Gulf escalation weigh on markets
TOKYO — Global shares mostly fell Friday as investors fretted over the mounting crisis in the Persian Gulf and lingering worries about trade conflict between the U.S. and China. The U.S. has blamed the suspected attacks Thursday on two oil tankers near the strategic Strait of Hormuz on Iran and...
Tyson enters plant-based meat market
The fast-growing market for meat alternatives has a surprising new player: Tyson Foods. Tyson, one of the world’s largest meat producers, will begin selling nuggets made from pea protein at grocery stores this summer. A blended burger made from beef and pea protein will follow this fall. Both will be...
Amazon’s HQ2 is already making Virginia county’s housing prices skyrocket
The flood of prosperity Amazon’s HQ2 was supposed to bring to Arlington, Va., is already causing housing prices to spike and inventory to contract, according to new research from local real estate analysts. When the controversial HQ2 decision was announced, critics warned of the havoc it could wreak on the...
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...
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...
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,...
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...
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....
