Wire stories category, Page 71
Shoppers go back to stores, but retailers face challenges
NEW YORK — Americans are going back to one of their favorite past times: store shopping. With more people getting vaccinated and dropping their face masks, retailers from Walmart to Macy’s are seeing an eager return to their stores after more than a year of their customers migrating online during...
Stocks close modestly higher after choppy day on Wall Street
A choppy day of trading on Wall Street ended with stocks closing higher Wednesday, reversing much of the S&P 500’s modest pullback the day before. The benchmark index ended just under 0.2% higher after wavering between small gains and losses. Retailers and other companies that rely on consumer spending made...
New Era apologizes, pulls hats mocked on social media
NEW YORK — New Era says it pulled a lampooned line of Major League Baseball hats from its website Tuesday and is apologizing for design inaccuracies on the caps meant to pay homage to communities with big league clubs. New Era spokesman Mark Maidment said in a statement Wednesday to...
Workers return to weirder offices with moveable walls and touchless elevators
Masked, desk-bound and unable to recognize their colleagues in an elevator, people are starting to return to offices in cities around the world where the pandemic is receding. Many will find their offices transformed, too. In the challenge to make offices both covid-19-safe and attractive places to work, firms have...
Stocks give up an early gain and end lower on Wall Street
Wall Street capped a listless day of trading Tuesday with a modest pullback for the major U.S. stock indexes, giving back some of the market’s gains after a solid start to the week. The S&P 500 slipped 0.2% after spending much of the day wavering between small gains and losses....
Board fight at Exxon intensifies spotlight on climate change
NEW YORK — ExxonMobil is facing a major challenge from a group of investors in one of the biggest fights a corporate boardroom has endured over its stance on climate change, an issue of rising urgency for many shareholders. The investor group is pushing to replace four of the oil...
D.C. files antitrust case vs Amazon over treatment of vendors
The District of Columbia has sued Amazon, accusing the online retail giant of anticompetitive practices in its treatment of sellers on its platform. The practices have raised prices for consumers and stifled innovation and choice in the online retail market, the D.C. attorney general alleges in an antitrust suit. The...
Peloton plans to build 1st U.S. factory in Ohio, add 2K jobs
Peloton plans to spend about $400 million to build its first U.S. factory in Ohio. The exercise equipment maker said Monday that the Peloton Output Park will make the Peloton Bike, Bike+ and Peloton Tread starting in 2023. It will have more than 200 acres and more than 1 million...
Stocks climb on Wall Street as appetite for risk returns
Stocks closed higher Monday on Wall Street, and the broad rally helped the S&P 500 claw back more than half of its losses over the past two weeks. The benchmark index rose 1%, led by solid gains in technology and communication companies such as Microsoft, Google’s parent company, Facebook and...
Stocks end a wobbly day mixed; S&P 500 posts a weekly loss
Wall Street racked up more losses Friday on a choppy day of trading that left the major indexes mixed and the S&P 500 with its second straight weekly decline. The S&P 500 ended 0.1% lower after having been up 0.7% in the early going. The benchmark index, which hit an...
Ford CEO says U.S. needs to regulate automated driving systems
DETROIT — The CEO of America’s second-largest auto company is calling for the federal government to set standards for fully or partially automated vehicles to tighten the safety of electronic driving systems. In urging federal regulation, Ford CEO Jim Farley becomes the highest-profile auto executive to publicly recognize a need...
Kia recalls vehicles a 2nd time, warns owners to park outside
DETROIT — Kia is recalling more than 440,000 cars and SUVs in the U.S. for a second time to fix a problem that can cause engine fires. And the automaker is telling owners to park them outdoors and away from structures because fires could happen when the engines aren’t running....
Stocks end higher on Wall Street, breaking a 3-day slump
Technology companies led broad gains for stocks on Wall Street Thursday, ending a three-day losing streak for major U.S. indexes. Investors were encouraged by the latest jobs data that showed fewer Americans filing for unemployment benefits, another sign that the economic recovery is underway. The S&P 500 gained 1.1%. The...
Stocks fall for a 3rd straight day; Bitcoin sinks after a wild ride
Wall Street racked up more losses Wednesday as the stock market pulled back for the third straight day. The broad sell-off went beyond stocks, with the price of Bitcoin and other cryptocurrencies falling sharply. The S&P 500 index dropped 0.3% after recovering from a 1.6% slide earlier in the day....
Report: Colonial confirms it paid $4.4M to pipeline hackers
The operator of the nation’s largest fuel pipeline confirmed it paid $4.4 million to a gang of hackers who broke into its computer systems, according to a report Wednesday from the Wall Street Journal. Colonial Pipeline’s CEO, Joseph Blount, told the Journal he authorized the payment after the May 7...
Airline passengers may soon get weighed before boarding flight
Passengers boarding an airplane may soon be asked to step on a scale to measure their weight before the flight, according to a report by View from the Wing. The preboarding weight check would come in order to comply with FAA rules. According to the report, the calculations airlines have...
A late drop leaves Wall Street indexes lower, led by techVideo
Stocks closed lower Tuesday on Wall Street as a late-afternoon sell-off in technology companies helped nudge stock indexes into the red for the second straight day. The S&P 500 lost 0.9%, with most of the pullback coming in the last hour of trading. Apple, Facebook and Google’s parent company all...
EU, U.S. agree to temporarily suspend tariffs in steel dispute
BRUSSELS — The European Union and the United States on Monday decided to temporarily suspend measures at the heart of a steel tariff dispute that is seen as one of the major trade issues dividing the two sides. With the decision, “we are walking the talk in our efforts to...
Stocks fall in morning trading on Wall Street as tech lags
Stocks fell in morning trading on Wall Street Monday as the market comes off of its worst weekly decline since February. Big Tech stocks were the heaviest weights pulling the major indexes lower. The sector has been responsible for big swings in either direction over the last few weeks as...
Report: Microsoft investigated Bill Gates before he left board
NEW YORK — Board members at Microsoft Corp. made a decision in 2020 that it wasn’t appropriate for its co-founder Bill Gates to continue sitting on its board as they investigated the billionaire’s prior romantic relationship with a female Microsoft employee that was deemed inappropriate, according to a report in...
Gas crunch from cyberattack intensifies in nation’s capital
Gas shortages at the pumps have spread from the South, all but emptying stations in Washington, D.C., following a ransomware cyberattack that forced a shutdown of the nation’s largest gasoline pipeline. Though the pipeline operator paid a ransom, restoring service was taking time. As Georgia-based Colonial Pipeline reported making “substantial...
Delta will require new hires to be vaccinated against coronavirus
Delta Air Lines will require new employees to be vaccinated against covid-19 starting Monday. The airline won’t impose the same requirement on current employees, more than 60% of whom are vaccinated, a Delta spokesman said Friday. Delta has about 74,000 employees. American, United, Southwest and Alaska airlines, however, said they...
Passing on your password? Streaming services are past it
Many of us were taught to share as kids. Now streaming services ranging from Netflix to Amazon to Disney+ want us to stop. That’s the new edict from the giants of streaming media, who are hoping to discourage the common practice of sharing account passwords without alienating subscribers who’ve grown...
Stocks move higher, but are still headed for weekly losses
Stocks were solidly higher in morning trading Friday, but the market is still on track to end the week in the red after three days of steep drops earlier in the week. Investors continue to focus on the possibility of inflation as the U.S. economy recovers from the coronavirus pandemic....
Amazon seeks to hire 75,000; offers $100 to vaccinated hires
NEW YORK — Amazon is seeking to hire 75,000 people in a tight job market and is offering bonuses to attract workers, including $100 for new hires who are already vaccinated for covid-19. The jobs are for delivery and warehouse workers, who pack and ship online orders. Amazon, which already...
