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Wire stories category, Page 84

Pope Francis, first Latin American pontiff, dies at 88
Mark Cuban to host SiriusXM Radio business show
NEW YORK — Mark Cuban is ready to talk business — or whatever else his radio listeners want to discuss. The outspoken Dallas Mavericks owner will host specials on SiriusXM’s Business Radio on the next two Thursdays, speaking about business issues and answering questions from callers. “Ask Me Anything with...
Former Bumble Bee CEO gets jail in price fixing conspiracy
SAN FRANCISCO — A former CEO of Bumble Bee Foods has been sentenced to more than three years in jail for his role in a canned tuna price-fixing conspiracy involving three major companies, the U.S. Justice Department said. Christopher Lischewski was also ordered Tuesday to pay a $100,000 fine in...
J.C. Penney starts liquidation sales at closing stores, including Pittsburgh Mills, Monroeville Mall
Liquidation sales at 136 J.C. Penney stores slated to close, including several in Western Pennsylvania, began Wednesday. Stores at the Pittsburgh Mills in Frazer, Monroeville Mall, the Clearview Mall near Butler and the Beaver Valley Mall in Center Township are among the stores to close and are holding going-out-of-business sales....
Coal union seeks order protecting miners from coronavirus
CHARLESTON, W.Va. — A union representing coal miners asked a court Tuesday to force the federal government to take unspecified measures to protect them from the coronavirus. The petition asked the U.S. Circuit Court of Appeals for the District of Columbia for an expedited order against the U.S. Mine Safety...
Stocks erase an early loss after Fed widens bond purchases 
NEW YORK — Wall Street rallied back from a sharp, early slump on Monday to notch modest gains after the Federal Reserve unveiled its latest push to prop up the economy. The S&P 500 climbed 0.8% in the latest day of big swings for global markets, as a remarkable, weekslong...
Fed’s Jerome Powell to bring sober message this week to Capitol Hill
WASHINGTON — Federal Reserve Chairman Jerome Powell will deliver a cautionary message about the economy and covid-19 when he appears twice this week on Capitol Hill. His remarks to lawmakers are widely expected to echo the mostly downbeat assessment he gave Wednesday after policymakers held interest rates near zero at...
George Floyd’s death hastens shift in police pop culture portrayals
NEW YORK — Gary Phillips, a prize-winning crime novelist from Los Angeles, grew up on TV shows that showed a world nothing like the one he lived in. “I watched them all, ‘Dragnet,’ ‘Adam 12,’ ‘The Wild, Wild West,’ ‘Mannix,’ ‘Cannon,’ ‘Peter Gunn’ reruns and on and on. Now these...
Stocks bounce higher on Wall Street a day after big rout
Stocks moved higher on Wall Street in afternoon trading Friday, recouping some of their losses a day after the market had its biggest rout since mid-March. The S&P 500 was up 0.7% a day after dropping 5.9%. The benchmark index is still headed for a weekly loss following three weeks...
Dow sinks 1,800 as virus cases rise, deflating optimism 
The Dow Jones industrials lost more than 1,800 points, nearly 7%, as increases in coronavirus cases deflated optimism that the economy could recover quickly from its worst crisis in decades. The pullback Thursday comes after the market has been screeching higher for more than two months at a pace that...
Just Eat swallows Grubhub creating restaurant delivery giant
Two pioneers in restaurant delivery — Just Eat Takeaway.com and Grubhub — are combining in a $7.3 billion deal that will create one of the world’s largest delivery companies. Amsterdam-based Just Eat Takeaway.com said late Wednesday that it was acquiring Chicago-based Grubhub, snatching it away from ride-hailing giant Uber, which...
Fed to keep buying bonds and sees no rate hike through 2022
WASHINGTON — The Federal Reserve says it will keep buying bonds to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. The Fed has cut its benchmark short-term rate to...
CrossFit founder, dropped by Reebok, apologizes about tweet
SILVER SPRING, Md. — The founder of CrossFit is apologizing for a Twitter post he made about racial inequality protests after Reebok cut ties with his company. On Saturday, the Institute of Health Metrics and Evaluation tweeted: “Racism is a Public Health Issue.” In a response, also on Twitter, CrossFit...
Wall Street’s rally zooms higher after surprise gain in jobs
For weeks, critics said Wall Street’s big rally made no sense when the economy seemed set for only more despair. On Friday, it got a bit of validation. The S&P 500 jumped another 2.6% after a report said the U.S. job market surprisingly strengthened last month, bolstering hopes that the...
Pilgrim’s Pride CEO among indicted for chicken price fixing
The CEO of Pilgrim’s Pride is one of four current and former chicken company executives indicted Wednesday on charges of price-fixing. The U.S. Department of Justice said a federal grand jury in Colorado found that executives from Colorado-based Pilgrim’s Pride and Georgia-based Claxton Poultry conspired to fix prices and rig...
U.S. job losses in May could raise 3-month total to 30 million
The epic damage to America’s job market from the viral outbreak will come into sharper focus Friday when the government releases the May employment report: Eight million more jobs are estimated to have been lost. Unemployment could near 20%. And potentially fewer than half of all adults may be working....
Stocks extend gains on Wall Street to a 3rd straight day
Stocks closed broadly higher on Wall Street on Tuesday, extending the market’s winning streak to a third day. The latest gains, which followed a rally in global stocks, were driven by optimism that the global economy will begin to recover as governments gradually allow businesses that were closed due to...
CNN improves ratings while increasingly turning lens on itself
Since becoming the first 24-hour cable news channel 40 years ago this week, CNN has covered natural disasters, wars and political campaigns. But increasingly it’s become the story itself. Between having one of its reporters arrested while on camera, demonstrators descending on its Atlanta offices, and its anchors clashing with...
SpaceX captures the flag, beating Boeing in cosmic contest
The first astronauts launched by SpaceX declared victory Monday in NASA’s cosmic capture-the-flag game. They quickly claimed the prize left behind at the International Space Station nearly a decade ago by the last crew to launch from the U.S. “Congratulations, SpaceX, you got the flag,” NASA astronaut Doug Hurley said...
Protests force Target, CVS and Walmart to close some stores
U.S. retailers large and small have closed some of their stores across the country because of disruptions caused by the widespread street protests over the police killing of George Floyd in Minneapolis. Target, CVS, Apple and Walmart all said Sunday that they had temporarily closed some locations for safety reasons....
‘We don’t have law and order’: Black and Latino business owners face destruction in Minneapolis
MINNEAPOLIS — Abdishakur Elmi looked on in horror as flames raged and smoke billowed from the roof of the brick building next to his restaurant. A single truck and a few firefighters battled the blaze that had already consumed several neighboring businesses overnight in a gentrified section of East Lake...
White House punts economic update as election draws near 
WASHINGTON — The White House took the unusual step on Thursday of deciding not to release an updated economic forecast as planned this year, a fresh sign of the administration’s anxiety about how the coronavirus has ravaged the nation just months before the election. The decision, which was confirmed by...
Airlines increase job cuts as pandemic crushes air travel 
Major airlines on both sides of the Atlantic are cutting even more jobs as they struggle to cope with a plunge in air travel that will leave the airline industry much smaller than it was before the coronavirus pandemic and economic collapse. EasyJet said Thursday that it will cut up...
Great Clips sites in Missouri close after virus-related threats
O’FALLON, Mo. — Great Clips has temporarily closed its salons in Springfield, Missouri, after threatening messages that followed news that two hairstylists potentially exposed 140 clients to the coronavirus. Great Clips Inc., which has thousands of franchises in the U.S. and Canada, said in a news release Thursday that its...
In pandemic, drones used to drop medical supplies from sky 
With a loud whir and a whoosh, a fixed-wing drone slingshots out of a medical warehouse, zips through hazy skies at 80 mph, pops open a belly hatch and drops a box of medical supplies. Slowed by a little parachute, the box drifts downward and lands with a plop, less...
Big Oil loses appeal as climate suits go to California courts
LOS ANGELES — A U.S. appeals court ruled Tuesday against major oil companies in lawsuits brought by California cities and counties seeking damages for the impact of climate change. A panel of the 9th U.S. Circuit Court of Appeals said state courts are the proper forum for lawsuits alleging Big...


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