Wire stories category, Page 114
JPMorgan Chase offered customers some financial advice. It didn’t go well.Video
JPMorgan Chase, the country’s largest bank, attempted to offer its financially-strapped customers some advice Monday. It quickly backfired. If their balances are low, the bank suggested customers “make coffee at home” or “eat the food that’s already in the fridge.” JPMorgan Chase’s brief attempt at levity turned into a social...
Marriott looks to challenge Airbnb with push into home-sharing
Marriott is pushing more heavily into home-sharing, confident that its combination of luxury properties and loyalty points can lure travelers away from rivals like Airbnb. The world’s biggest hotel company will soon start taking reservations through its website for 2,000 homes in 100 markets in the U.S., Europe and Latin...
Burger King may sell plant-based burger across U.S.
TORONTO — Burger King could soon be selling plant-based burgers nationwide. Restaurant Brands International, Burger King’s parent, said Monday that a month-long test of the Impossible Whopper at 59 restaurants in St. Louis has gone so well that it will start testing it in additional markets. The company said it...
‘Land no one else wants’ gets solar as coal, nukes fade away
For two decades, coal has been pulled from a Bent Mountain mine in eastern Kentucky. But in a startling move in the heart of coal country, a rival — solar — is preparing to move on to the land. From Appalachia in the United States to Queensland in Australia and...
Westmoreland small-business owners explore co-working conceptsVideo
Deb Cavrak was sitting at home in Penn Township where she runs her business, Design Quack, when she decided there were too many distractions around to properly concentrate on work. Lisa Lauer of Greensburg, a travel agent and owner of Vida Adventures, was having a similar experience. “When you’re at...
Vacant land becoming asset as development returns to Detroit
DETROIT — When Fiat Chrysler began considering where to build its next assembly plant, the automaker didn’t have to look far to find land. A short walk from its Jefferson North plant on Detroit’s east side is 200 acres (80 hectares) of land the company is eyeing as part of...
Amazon to bring 1-day delivery to Prime members
Two-day delivery is going out of style. Amazon, which hooked shoppers on getting just about anything shipped in two days, said this week that it will soon promise one-day delivery for its U.S. Prime members on most items. The company hopes that cutting delivery times in half will make its...
3M shares post biggest 1-day drop in decades
ST PAUL, Minn. — Shares in 3M posted the biggest one-day drop in decades after the company reported first quarter results that fell short of Wall Street projections. The company also announced plans to cut 2,000 jobs worldwide as part of a restructuring due to a slower-than-expected 2019. The maker...
Southwest Airlines grapples with financial fallout from Boeing 737 Max grounding
Airlines are struggling to deal with the financial fallout from the extended grounding of the Boeing 737 Max commercial jetliner, now in its seventh week. Southwest and American Airlines, the two U.S. airlines that owned 737 Max 8 aircraft when they were grounded on March 13, both report earnings this...
UPS shares tumble as earnings fall short
DALLAS — United Parcel Service Inc. reported Thursday that first-quarter profit fell 17% as revenue was flat from a year ago and the package-delivery company ran into higher spending to cope with a series of winter storms. The results fell short of Wall Street expectations, and the shares tumbled in...
Tesla lost $700 million in first quarter on Model 3 problemsVideo
Tesla reported a massive loss in the first quarter of 2019 as it struggled to deliver its mass-market Model 3 and faced challenges including a diminished federal tax credit and slowing demand for its vehicles. The $702 million loss was higher than analysts forecast for the company, slightly less than...
Stocks rally to record on earnings surprisesVideo
The S&P 500 hit an all-time high Tuesday, marking the stock market’s complete recovery from a nosedive at the end of last year. The benchmark index’s previous record was set last September, shortly before the market sank in the fourth quarter amid fears of a recession, an escalating trade war...
Henry Bloch, co-founder of H&R Block, dies at 96
After returning from military service in World War II, 24-year-old Henry Bloch started a two-man bookkeeping shop in his home town of Kansas City, Mo., that offered tax preparation as a sideline. He spent years building the business and placed a help-wanted newspaper advertisement seeking a full-time accountant. The only...
Easton’s Weyerbacher Brewing files for bankruptcy, announces new majority owner
Weyerbacher Brewing Co. Inc., the 24-year-old Easton business known for its big Belgian-style brews, is restructuring its operations. The company on Monday announced it has finalized a partnership with 1518 Holdings LLC, a Philadelphia private investment group that will take a 55% ownership stake in Weyerbacher. As part of that...
Consumers are hanging onto old mobile phones in record numbers
Wireless customers are hanging on to their old phones longer than ever. That’s the message from Verizon Communications Inc., which said its upgrade rate fell to a record low last quarter – a harbinger of tough times ahead for the iPhone and other devices. Faced with $1,000 price tags on...
U.S. expands probe into air bag failures to 12.3M vehicles
DETROIT — U.S. auto safety regulators have expanded an investigation into malfunctioning air bag controls to include 12.3 million vehicles because the bags may not inflate in a crash. The problem could be responsible for as many as eight deaths. Vehicles made by Toyota, Honda, Kia, Hyundai, Mitsubishi and Fiat...
America’s elderly are twice as likely to work now than in 1985Video
Just as single-income families began to vanish in the last century, many of America’s elderly are now forgoing retirement for the same reason: They don’t have enough money. Rickety social safety nets, inadequate retirement savings plans and sky high health-care costs are all conspiring to make the concept of leaving...
Starbucks adding needle-disposal boxes to restrooms
Starbucks, recognizing it’s often a safe space for the most vulnerable visitors, has installed needle-disposal boxes in some locations. The coffee giant started adding the boxes in several U.S. markets in January after receiving requests from employees last year, a spokeswoman said. It will add them to any store where...
Tesla gears up for fully self-driving cars amid skepticism
SAN FRANCISCO — Tesla CEO Elon Musk appears poised to transform the company’s electric cars into driverless vehicles in a risky bid to realize a bold vision that he has been floating for years. The technology required to make that quantum leap is scheduled to be shown off to Tesla...
Earth, meet Polo: Ralph Lauren unveils plastic bottle shirt
NEW YORK — Polo Ralph Lauren on Thursday launched a version of its iconic polo shirt made entirely of recycled plastic bottles and dyed through a process that uses zero water. David Lauren, the youngest son of the company’s founder and its chief innovation officer, told The Associated Press ahead...
U.S. trade deficit narrows to $49.4 billion in February
WASHINGTON — The U.S. trade deficit fell for the second straight month in February, and the politically sensitive deficit in the trade of goods with China narrowed. The Commerce Department says the gap between the goods and services that the United States sells and what it buys from the rest...
Bulging stockpiles to weigh on 2019 U.S. growth
The rising stockpiles of cars, furniture and other goods that helped the U.S. economy boom in 2018 are poised to cause a hangover this year. Inventory accumulation added an average 1.2 percentage point to U.S. growth in the third and fourth quarters, government figures show, and were a key to...
Banks lead U.S. stocks to slight gains amid mixed earnings
Stocks closed slightly higher on Wall Street on Tuesday, erasing the market’s modest losses from a day earlier. The gains, which followed a rally in overseas stock indexes, came as investors sized up the latest batch of company earnings reports. Financial stocks led the way higher as bond yields rose,...
It’s ‘up to Herman Cain’ if he wants to pursue Fed seat, White House says
WASHINGTON — The White House appears to be giving Herman Cain an out in his candidacy for a seat on the Federal Reserve board of governors amid Republican senators’ mounting opposition. President Trump said this month he is considering Cain for the central bank’s leadership. The president has voiced his...
Apple, Qualcomm settle bitter dispute over iPhone technology
SAN FRANCISCO — Apple and mobile chip maker Qualcomm have settled a bitter financial dispute centered on some of the technology that enables iPhones to connect to the internet. The surprise truce announced Tuesday came just as the former allies turned antagonists were facing off in a federal court trial...
