Wire stories category, Page 57
Kmart is down to its last 4 stores in the country
AVENEL, N.J. — On a busy stretch of Route 35 near Rahway, N.J., one of the nation’s last Kmart stores looks like a relic from the past. Its big red K is faded and cracked. Inside this most American of retail stores, popular for K Cafe luncheonettes and Bluelight Specials,...
Stocks fall again, handing Wall Street another losing week
Stocks are closing lower on Wall Street Friday, leaving indexes with a second weekly loss in a row after another bout of turbulence shook markets. The S&P 500 fell 0.7%, the Dow Jones Industrial Average lost 0.7% and the Nasdaq fell 1.2%. Investors have been watching the latest developments in...
January home sales rise ahead of expected rate hikes
Sales of previously occupied homes rose in January as a surge in buyers with cash and others eager to avoid higher mortgage rates snapped up properties, leaving the number of available houses on the market at a record low. Existing home sales rose 6.7% last month from December to a...
Construction wraps on problem-plagued Mariner East pipeline
PHILADELPHIA — Work is finished on a multibillion-dollar pipeline system that connects the vast Marcellus Shale gas field in western Pennsylvania to an export terminal near Philadelphia, according to its corporate owner, which faces criminal charges that it fouled waterways and residential water supplies during pipeline construction. Energy Transfer said...
U.S. approves new headlights that won’t blind oncoming drivers
DETROIT — Anyone who has ever been temporarily blinded by high-beam headlights from an oncoming car will be happy to hear this. U.S. highway safety regulators are about to allow new high-tech headlights that can automatically tailor beams so they focus on dark areas of the road and don’t create...
Disney World: No more masks indoors for vaccinated visitors
ORLANDO, Fla. — Starting this week, the masks are coming off for vaccinated visitors to Walt Disney World in Florida. The theme park resort announced Tuesday that face coverings will be optional for fully-vaccinated visitors in all indoor and outdoor locations, with one exception. Face masks still will be needed...
Stocks close lower as Wall Street watches Ukraine tensions
Stocks on Wall Street shed early gains and closed broadly lower Monday as the United States moved to close its embassy in Ukraine amid heightened tensions over the thousands of Russian troops that have been amassing on the border. The S&P 500 fell 0.4% after having been down as much...
Super Bowl ads look toward the future — and the past
NEW YORK — Super Bowl advertisers this year want Americans to forget about pandemic woes and focus on the future: of electric vehicles, mind reading Alexas, robots and cryptocurrency — and also to harken back to the nostalgic past of ’90s movies like “Austin Powers” and “The Cable Guy.” The...
Why cage-free eggs becoming norm: It’s what people want
DES MOINES, Iowa — Without much fuss and even less public attention, the nation’s egg producers are in the midst of a multibillion-dollar shift to cage-free eggs that is dramatically changing the lives of millions of hens in response to new laws and demands from restaurant chains. In a decade,...
From Arnold to Zendaya, celebs pack Super Bowl adsVideo
Who is your favorite celebrity? Chances are, they’re in a Super Bowl ad this year. While Super Bowl ads usually feature a bevy of big names, this year, advertisers have gone even further. “The vast majority of ads are including big star power, from athletes to actors to chefs,” said...
Stocks rise broadly on Wall Street with more help from techVideo
Technology companies led a broad rally for stocks Wednesday on Wall Street, pushing the market further into the green for the week. The S&P 500 rose 1.5%, the Dow Jones Industrial Average gained 0.9% and the tech-heavy Nasdaq composite rose 2.1%. The indexes started off the day headed higher and...
Entertainment Weekly, InStyle and Health to go only-digital
NEW YORK — A clutch of lifestyle and pop culture magazine titles — including Entertainment Weekly, InStyle and Health — will end their print editions and go digital-only. The six magazines — also counting EatingWell, Parents and People en Español — were formerly owned by Meredith Corporation and will be...
Stocks close higher, bond yields reach pre-pandemic high
Technology companies and banks helped drive stocks higher Tuesday on Wall Street, as the market bounced back from an early slide to more than make up its losses from the day before. The S&P 500 rose 0.8% after having been down 0.4%. More than three fourths of the stocks in...
Peloton co-founder steps down after rough ride
The co-founder of Peloton is stepping down as chief executive after an extended streak of tumult at the exercise and treadmill company. Barry McCarthy, who served as CFO at Spotify as well as at Netflix, will take over the CEO position held by John Foley, effective Wednesday. McCarthy will also...
Stocks end another up-and-down day with mixed resultsVideo
Another wobbly day on Wall Street ended Monday with an uneven finish for the major stock indexes as losses by communication and technology companies kept gains elsewhere in the market in check. The S&P 500 fell 0.4%, giving back some of its recent gains. The Dow Jones Industrial Average was...
U.S., Japan reach deal to make most steel imports tax-free
U.S. government officials said Monday that they reached an agreement to essentially lift the 25% tariff that former President Donald Trump imposed on imported Japanese steel. The deal with Japan would exclude the first 1.25 million metric tons of imported steel from the tax. That amount of steel is equal...
Peter Thiel leaving board of Facebook parent Meta
MENLO PARK, Calif. — Peter Thiel, a Silicon Valley billionaire and advisor to former President Donald Trump, is leaving the board of directors of Facebook parent company Meta. The company said Monday that Thiel will stay on until Meta’s next shareholder meeting later this year, where he will not stand...
IRS to end use of facial recognition to identify taxpayers
WASHINGTON — The IRS said Monday it will suspend the use of facial recognition technology to authenticate people who create online accounts after the practice was criticized by privacy advocates and lawmakers. The agency said it would no longer use a third-party service, called ID.me, for facial recognition. Critics of...
Frontier bids $2.9 billion for rival budget airline Spirit
Frontier Airlines and Spirit Airlines are proposing to combine in a $2.9 billion deal that would create a larger discount airline to compete against the nation’s dominant carriers and, they say, promote lower fares. Both are ultra-low-cost carriers that tempt travelers with rock-bottom prices for no-frills service but often generate...
Hershey Co. raising candy prices, including Kit Kats, Reese’s
Sorry chocolate lovers, even your favorite candy isn’t immune from inflation. The Hershey Co. announced recently it is planning “list price increases across all segments” as a way to drive sales growth. The company said the hikes will offset rising labor and ingredient costs. “Pricing will be an important lever...
Delta asks Justice Department to put unruly passengers on national no-fly list
ATLANTA — Delta Air Lines is asking the U.S. Justice Department to create a national no-fly list of passengers who have been convicted for on-board disruptions. Ed Bastian, CEO of Delta, wrote a letter to U.S. Attorney General Merrick Garland this past week saying such a “national, comprehensive unruly passenger...
Kohl’s: Buyout offers undermine value of business
NEW YORK — Kohl’s says that recent offers to purchase the department store chain undervalue its business and that it is adopting a shareholder rights plan to head off any hostile takeovers. The shareholder rights plan, known as a “poison pill,” is effective immediately and set to expire on Feb....
News Corp says it was hacked; believed to be linked to China
News Corp, publisher of The Wall Street Journal, said Friday that it had been hacked and had data stolen from journalists and other employees, and a cybersecurity firm investigating the intrusion said Chinese intelligence-gathering was believed behind the operation. The news company, whose publications and businesses include the New York...
U.S. employers shrug off omicron, add 467,000 jobs in January
U.S. employers added a burst of 467,000 jobs in January despite a wave of omicron infections that sickened millions of workers, kept many consumers at home and left businesses from restaurants to manufacturers short-staffed. The government’s report Friday also drastically revised up its estimate of job gains for November and...
Amazon to increase cost of Prime; annual sales rise 22%Video
Amazon is increasing the cost of its Prime membership for U.S. customers, in part to offset rising expenses associated with wages and transportation, the company announced ahead of its quarterly earnings call Thursday. The monthly fee for Prime membership will go up from $12.99 to $14.99, and the annual membership...
