Got to Category

Wire stories category, Page 43

Pope Francis, first Latin American pontiff, dies at 88
Governor seeks to salvage aluminum mill deal promised to Kentucky
FRANKFORT, Ky. — Gov. Andy Beshear made a pitch Thursday to a steel company that took over plans to build an aluminum plant once promised to Kentucky, hoping to salvage a deal struck by his predecessor. Beshear said his economic development team has reached out to Steel Dynamics Inc., offering...
Home sales fell in June as prices reach new heights 
Sales of previously occupied U.S. homes slowed for the fifth consecutive month in June as higher mortgage rates and rising prices kept many home hunters on the sidelines. Existing home sales fell 5.4% last month from May to a seasonally adjusted annual rate of 5.12 million, the National Association of...
Netflix loses nearly 1 million subscribers, but helped by ‘Stranger Things’
The popularity of sci-fi series “Stranger Things” helped Netflix fight back against a stream of subscriber cancellations. The Los Gatos, Calif.-based streamer said Tuesday that it lost 970,000 subscribers in the quarter, marking the second consecutive quarter of subscriber declines. Nonetheless, the drop was not nearly as bad as the...
How weird could things get if Twitter settles with Elon Musk?
As Elon Musk’s imbroglio with Twitter moves from the boardroom to the courtroom, one might expect that, under the watchful eye of Delaware’s Court of Chancery, things will take on a more predictable trajectory than they have so far. In theory, the lawsuit that the social media platform launched Tuesday...
Retail sales up 1% in June, easing fears of a recession
NEW YORK — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession. U.S. retail sales rose 1% in June, from a...
Crypto plunge is cautionary tale for public pension funds
MINNEAPOLIS — When the Houston Firefighters Relief and Retirement Fund bought $25 million in cryptocurrencies, with the fund’s chief investment officer touting their potential, retired fire Capt. Russell Harris was concerned. Harris, 62, has attended the funerals of 34 firefighters killed in the line of duty. He was already worried...
He worked from home and died suddenly. 5 days passed before his body was found
LOS ANGELES — Dominic Green signed out of work as he always did, exactly at 4:30 p.m. “Good afternoon everyone, my shift has ended,” the 28-year-old emailed from his desk in the living room of his Los Angeles apartment on a winter Wednesday afternoon. A remote contract worker, Dominic had...
Is Twitter down? Service appears to return after outage
Twitter appears to be returning for some users after experiencing an hourlong outage that affected both its app and website on Thursday. Individuals attempting to use the social media platform were met with a message saying “Tweets aren’t loading right now. Try again.” According to Downdetector, users began reporting the...
Rite Aid officially moves HQ from central Pa. to Philadelphia 
It’s the end of an era. One of the most well-known companies in the country no longer has a Camp Hill address. Rite Aid, the long-time East Pennsboro-based pharmaceutical chain has official moved its headquarters to Philadelphia. On Wednesday, Rite Aid opened its new headquarters in the Navy Yard district....
Twitter sues to force Elon Musk to complete his $44B acquisition
SAN FRANCISCO — Twitter sued Tesla CEO Elon Musk on Tuesday, trying to force him to complete his $44 billion takeover of the social media company by accusing him of “outlandish” and “bad faith” actions that have caused the platform irreparable harm and “wreaked havoc” on its stock price. Back...
Amazon Prime Day comes amid slowdown in online sales growth
Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic. The company has long used the two-day event — one of its biggest all year — to lure people to its Prime membership, for which Amazon recently raised the price...
Peloton to stop making its own bikes, treadmills
Peloton will stop making its own interactive stationary bikes and treadmills, outsourcing those duties to a Taiwanese manufacturer as it attempts to revive sales that surged during the pandemic. The New York City company, which recorded its only profitable quarters during the pandemic, is seeking to lower costs after sales...
NerdWallet: How to afford big-ticket items for the year
When Brandy Baxter needed to replace her home’s entire heating and air conditioning system several years ago, she asked contractors if they offered deals at certain times of the year. She learned that if she waited until February, the slow season for such work, she could get a lower price....
Musk abandons deal to buy Twitter; company says it will sue
Elon Musk announced Friday that he will abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts. Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal. The likely unraveling of the...
Wall Street ends winning week with mixed close on jobs data
Wall Street capped a winning week with a sputtering finish Friday, as stocks waffled following a stronger-than-expected report on the U.S. jobs market. The S&P 500 slipped 0.1% after earlier flipping between a loss of 0.9% and a gain of 0.4%. Despite its weak finish, the benchmark index delivered just...
Sysco accuses 4 largest beef processors of price fixing
OMAHA, Neb. — The nation’s largest food distributor has joined the other businesses accusing the four largest meat processors of working together to inflate beef prices. Sysco recently filed a federal lawsuit in Texas accusing Tyson Foods, JBS, Cargill and National Beef of price fixing. The lawsuit said those companies...
With U.S. dollar nearly equal to euro, impact is being felt
WASHINGTON — The U.S. dollar has been surging so much that it’s nearly equal in value to the euro for the first time in 20 years. That trend, though, threatens to hurt American companies because their goods become more expensive for foreign buyers. If U.S. exports were to weaken as...
Average long-term U.S. mortgage rates retreat this week
WASHINGTON — Average long-term U.S. mortgage rates eased again this week as the Federal Reserve remains likely to raise its benchmark borrowing rate in its ongoing battle to bring down inflation. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate fell to 5.30% from 5.70% last week. One year...
Amazon Prime adding free Grubhub meal delivery for members
Amazon will give its U.S. Prime members free access to meal delivery service Grubhub for a year under a deal announced Wednesday. The Grubhub Plus membership — which normally costs $9.99 per month — lets customers order from thousands of restaurants with no delivery fees on most orders. Amazon Prime...
Job openings slip, but employment landscape remains solid
WASHINGTON — U.S. employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained strong. Employers posted 11.3 million job openings at the end of May, the Labor Department said Wednesday, down from nearly 11.7 million in April. Job openings reached...
Add rent to the rising costs bedeviling small businesses
NEW YORK — The rent has come due for America’s small businesses and at a very inopportune time. Landlords were lenient about rent payments during the first two years of the pandemic. Now, many are asking for back rent, and some are raising the current rent as well. Meanwhile, most...
World shares mostly higher ahead of U.S. holiday
BANGKOK — World shares are mostly higher. Benchmarks rose in London, Paris, Frankfurt and Tokyo but fell in Hong Kong and Seoul. Last week was the fourth losing week in the last five for Wall Street as investors fret over high inflation and the possibility that higher interest rates could...
Illinois town braces for future without U.S. Steel plant
GRANITE CITY, Illinois — News got around quickly in this town across the Mississippi from St. Louis: The steel mill’s death knell was sounding again, and this time, the end might really be near. At the Daylight Donuts down the street from the plant, a group of regulars relayed what...
Auto sales could hit below pandemic 2020 levels amid low inventory challenges
Low inventory levels led Cox Automotive analysts to again revise their full-year U.S. 2022 new-vehicle sales forecast downward. At a discussion Tuesday with media, analysts projected 14.4 million sales this year, below the 14.6 million sold in pandemic year 2020. Cox initially forecast 16 million sales for the year before...
U.S. Steel to make $150M investment in Minnesota operations
U.S. Steel plans to invest $150 million in a new Iron Range facility in Minnesota that would make taconite pellets tailored for electric arc steel mills. The Pittsburgh-based company said Tuesday it plans to break ground this fall on the facility, which will be located at one of its two...


Editor's Picks

Front Porch Theatricals’ musical ‘Baby’ is a labor of love

Washington townhouse on the market for $1,225,000
Folk legend Bruce Cockburn gives uplifting performance at City Winery
‘Champagne & Chapeaux’: Westmoreland Symphony’s annual soiree for a good cause
Jimmy Stewart’s P-51 Mustang stops in hometown for museum anniversary
More Editor's Picks >