Wire stories category, Page 112
Arkansas newspaper gambles on free iPads as the future
HOPE, Ark. — Over a lunch of hamburger steaks, mashed potatoes and green beans, Walter Hussman delivered his pitch to the dozen or so attendees of the Hope, Arkansas, Rotary Club meeting. He promised that if they keep paying their current rate of $36 a month for subscription to the...
The highest-paid CEOs by state
Here are the top paid CEOs by state for 2018, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered only publicly traded companies with more than $1 billion in revenue that filed their proxy statements with federal regulators between Jan. 1 and April 30....
Theme park attendance crosses half-billion mark for 1st timeVideo
ORLANDO, Fla. — Worldwide attendance at the 10 biggest operators of amusement parks increased 4% last year and crossed the half-billion-visitors mark for the first time, according to an industry report released this week. The report by the Themed Entertainment Association and the Economics Practice at AECOM said global attendance...
House passes bill to help workers with retirement savings
WASHINGTON — The House overwhelmingly approved a bill Thursday to promote retirement security by making it easier for small businesses and other companies to offer retirement plans. The bipartisan bill, approved 417-3, also makes it easier for workers to transfer retirement plans when they change jobs and allows part-time workers...
Mnuchin says Harriet Tubman $20 bill design delayed past 2020Video
WASHINGTON — Treasury Secretary Steven Mnuchin said Wednesday the redesign of the $20 bill to feature 19th century abolitionist leader Harriet Tubman has been delayed. The decision to replace Andrew Jackson, the nation’s seventh president, with Tubman on the $20 bill had been made by Mnuchin’s predecessor, former Treasury Secretary...
Borgata casino unveils $12M sports bet, nightspot project
ATLANTIC CITY — Atlantic City’s Borgata casino is investing $12 million in a new sports betting and entertainment project. Casino officials tell The Associated Press it will open a sports bar and sports betting facility named Moneyline Bar & Book on June 29. The name is a reference to the...
U.S., China appear to brace for long haul in trade disputeVideo
WASHINGTON — With negotiations on hold and tariffs piling up, the United States and China appear to be bracing for a prolonged standoff over trade. Beijing is airing Korean War movies (antagonist: America) to arouse patriotic feelings in the Chinese public and offering tax cuts to software and chip companies...
Tech rebound powers U.S. stocks higher, snaps 2-day S&P slump
Technology companies helped power stocks broadly higher on Wall Street Tuesday, snapping the market’s two-day losing streak. The rally followed the U.S. government’s decision to temporarily ease off proposed restrictions on technology sales to Chinese companies. The news gave a boost to technology sector stocks, which took steep losses a...
Department stores troubles increase for Kohl’s, Penney’s
NEW YORK — The outlook for department stores got murkier Tuesday after J.C. Penney and Kohl’s reported fiscal first quarter results that showed they struggled at the start of the year. Penney, which has been trying to turn around its business for several years after a disastrous reinvention plan, reported...
Women’s clothing chain Dressbarn to close all its 650 stores
NEW YORK — Dressbarn, the women’s clothing chain that’s been around for nearly 60 years, is closing all 650 of its stores. The company’s chief financial officer, Steven Taylor, said Dressbarn has not been operating at an “acceptable level of profitability in today’s retail environment.” Its owner, Ascena Retail Group...
Blue Apron latest to suffer in tough meal kit market
Meal kit companies face an ultimatum: Adapt or die. The business is still in its infancy, with the biggest players — Blue Apron and HelloFresh — less than a decade old. But they’re facing serious challenges from restaurant and grocery delivery services, smaller niche players and even home chefs. The...
Seeing a twisting road ahead, Ford cuts 7,000 white-collar jobsVideo
DETROIT — Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. The company has said it was undertaking a major restructuring, and on Monday said that it will have trimmed thousands of jobs by August. The company said that the plan will save...
China’s ban on scrap imports a boon to U.S. recycling plants
ALBANY, N.Y. — The halt on China’s imports of wastepaper and plastic that has disrupted U.S. recycling programs has also spurred investment in American plants that process recyclables. U.S. paper mills are expanding capacity to take advantage of a glut of cheap scrap. Some facilities that previously exported plastic or...
Fastest-growing nuclear business is tearing down U.S. plants
The fastest growing part of the nuclear industry in the U.S. involves a small but expanding group of companies that specialize in tearing reactors down faster and cheaper than ever before. After Entergy Corp. shut its Vermont nuclear plant in 2014, the utility planned to wait until 2068 to dismantle...
The highest paying entry level jobs, according to Glassdoor
A decade after the Great Recession, when new college grads walked into an abysmal job market with long-lasting effects, the Class of 2019 is joining the workforce during an economic upswing, complete with historically low unemployment and rising wages. For technically minded graduates, the prospects are even brighter, according to...
Pirates owner Bob Nutting visits bankrupt Reading Eagle newspaper
Word swept through the Reading Eagle last Friday that newspaper baron and Pittsburgh Pirates owner Robert Nutting was touring the presses and offices, triggering speculation that his Ogden Newspapers could bid on the distressed 230-employee Pennsylvania newspaper. Nutting could not be reached in several attempts to contact him at Ogden...
Judge: No site permit needed for refinery near national park
BISMARCK, N.D. — A North Dakota judge has ruled that regulators properly refrained from getting involved in a dispute over the location of an $800 million oil refinery planned near Theodore Roosevelt National Park, sparing developers from a potentially lengthy delay in construction. The Public Service Commission last year declined...
Co-working spaces: Not just for start-up bros anymore
LOS ANGELES — Co-working is often more pleasant these days than putting in eight hours at a traditional office. If you’d prefer a workspace that looks like a chic hotel lobby with waiters at your service, that can be arranged. Want to be around other women in a cabana on...
California cafe touts its $75 coffee as the world’s priciest
SAN FRANCISCO — A California cafe is brewing up what it calls the world’s most expensive coffee — at $75 a cup. Klatch Coffee is serving the exclusive brew, the Elida Natural Geisha 803, at its branches in Southern California and San Francisco. The 803 in the coffee’s name refers...
Under soda tax, beverage sales at chain stores in Philly dropped 51%, study finds
PHILADELPHIA — Sales of soda and other sweetened beverages have declined by 51% at chain stores in Philadelphia since the city’s controversial tax on beverages took effect in 2017, according to a study released Tuesday, one week before city primary elections in which the tax is a key issue. Total...
Bayer’s stock falls after $2 billion verdict against Roundup maker Monsanto
Bayer’s stock fell 2% Tuesday afternoon, one day after a California couple was awarded more than $2 billion over allegations that its Roundup weed killer causes cancer. The decision marked the third consecutive jury verdict against the company over its top-selling herbicide. The company has said it will appeal the...
Jury: Monsanto to pay $2 billion in weed killer cancer case
OAKLAND, Calif. — A jury on Monday ordered agribusiness giant Monsanto Co. to pay a combined $2.05 billion to a couple claiming that the company’s popular weed killer Roundup Ready caused their cancers. The jury’s verdict is third such courtroom loss for Monsanto in California since August. The state court...
As China retaliates on tariffs, stock markets take deep diveVideo
U.S. markets plunged Monday as China said it would raise steep tariffs on $60 billion in U.S. goods, upping the stakes of a trade war that threatens to imperil the global economy. The Dow Jones industrial average closed down 617 points, or nearly 2.4%, as investors feared that a trade...
Escalating U.S.-China trade war sinks stocks
NEW YORK — U.S. stocks moved sharply lower Monday on Wall Street and extended the market’s slide into a second week as investors seek shelter from an escalating trade war between the U.S. and China. The world’s largest economies had seemed on track to resolve the ongoing trade dispute that...
Supreme Court rules against Apple, allowing lawsuit targeting App Store to proceed
Apple suffered a significant defeat at the Supreme Court on Monday, when the justices ruled that consumers could forge ahead with a lawsuit against the iPhone giant over the way it manages its App Store. The 5-4 decision could spell serious repercussions for one of Apple’s most lucrative lines of...
