Wire stories category, Page 110
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...
Trump, Xi hit reset button on trade negotiations
WASHINGTON — Once again, Presidents Trump and Xi Jinping have hit the reset button in trade talks between the world’s two biggest economies, at least delaying an escalation in tension between the U.S. and China that had financial markets on edge and cast a cloud over the global economy. But...
Changes to lobster fishery to help whales might arrive 2021
FREEPORT, Maine — Changes to the Maine lobster fishery designed to help a critically endangered species of whale might arrive in 2021 after a lengthy rulemaking process. A team assembled by the federal government has called for the removal of half the vertical trap lines from the Gulf of Maine...
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...
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...
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,...
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...
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...
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...
