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Business

California AG drops challenge to T-Mobile-Sprint merger

NEW YORK (AP) — California’s attorney general said Wednesday that the state will not appeal a judge’s decision approving T-Mobile’s $26.5 billion purchase of Sprint, bringing the companies closer to creating a new wireless giant on par with AT&T and Verizon in size. Attorney ...

Sporting goods chain Modell’s to close its remaining stores

NEW YORK (AP) — Modell’s Sporting Goods, the century-old family-owned sporting goods chain, has filed for Chapter 11 bankruptcy and will be closing its remaining 100-plus stores. It becomes the latest traditional retailer to succumb to a fast-changing environment. In recent years Payless ...

Bond yields sink, stocks fall as investors demand safety

NEW YORK (AP) — Bond yields fell to more record lows as investors continue to demand safety and unload stocks. The yield on the 10-year Treasury note sank as low as 0.66 percent as investors worried that economic damage from the spreading virus outbreak will be worse than previously thought. ...

U.S. consumer borrowing up a moderate $12 billion in January

WASHINGTON (AP) — U.S. consumer borrowing slowed in January as borrowing on credit cards declined following a huge surge in December. The Federal Reserve said Friday that consumer credit rose by $12 billion following a $20.3 billion surge in December. The December number reflected the ...

Insurers will cover virus tests, but check if costs apply

WASHINGTON (AP) — A day after Vice President Mike Pence assured Americans that lab tests for coronavirus would be covered by private and government health insurance, that promise appears to be less than airtight. The bottom line: Medicare, Medicaid, and “Obamacare” insurance plans will ...

Trump administration to allow more seasonal foreign workers

WASHINGTON (AP) — An additional 35,000 temporary foreign workers will be allowed into the U.S. this year to fill seasonal jobs amid a tight labor market, the Trump administration said Thursday. In expanding the number of so-called H-2B visas for temporary non-farm workers, the ...

Doctors try first CRISPR editing in the body for blindness

Scientists say they have used the gene editing tool CRISPR inside someone’s body for the first time, a new frontier for efforts to operate on DNA, the chemical code of life, to treat diseases. A patient recently had it done at the Casey Eye Institute at Oregon Health & Science ...

Wisconsin hosts largest technical dairy competition in world

MADISON, Wis. (AP) — The largest technical cheese, butter and yogurt competition in the world started Tuesday in Wisconsin, with a record 3,667 entries from 26 nations. The 55 judges taste, sniff and inspect the 132 classes of dairy products during the biennial World Championship Cheese ...

Looking for hand sanitizer? Good luck finding it

NEW YORK (AP) — The hand sanitizers on Amazon were overpriced. A Walmart this weekend was completely sold out. Only on his third try was Ken Smith able to find the clear gel — at a Walgreens, where three bottles of Purell were left. He bought two. “I didn’t want to hoard,” says ...

Oklahoma governor’s tribal fight raises ancestry questions

When Republican Kevin Stitt was elected Oklahoma governor in 2018, many Cherokee Nation members felt proud that one of their own had accomplished such a feat, even if their politics didn’t necessarily align with his. But in less than a year in office, Stitt began facing fierce blowback, ...

House approves bill to ban the sale of flavored e-cigarettes

WASHINGTON (AP) — Moving to stem a vaping epidemic among young people, the House approved a bill Friday to ban the sale of flavored e-cigarettes and other flavored tobacco products. The bill would place new restrictions on the marketing of e-cigarettes and ban flavors in tobacco products, ...

American Airlines plans $550 million boost to Oklahoma base

TULSA, Okla. (AP) — American Airlines said Friday it will invest $550 million in a seven-year overhaul of its largest maintenance base, including a new hangar to service the airline’s biggest planes. The base in Tulsa is American’s largest maintenance operation and handles nearly half ...

Beyond Meat narrows 4Q loss as plant-based meat sales jump

Beyond Meat narrowed its losses in the fourth quarter as sales of its plant-based meat soared. The El Segundo, California-based company, which went public last year, said it lost $452,000 in the fourth quarter, down from a loss of $7.5 million in the October-December period last year. But ...

Brewery gunman built weapons from mail-order parts

MILWAUKEE (AP) — A Milwaukee electrician who police identified Thursday as the man who fatally shot five co-workers at one of the nation’s largest breweries enjoyed building guns, according to neighbors. Authorities said 51-year-old Anthony Ferrill opened fire at the Molson Coors Brewing ...

Wells Fargo to pay $3B to resolve probes into fake accounts

LOS ANGELES (AP) — Wells Fargo agreed Friday to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals. Since the fake-accounts scandal came to ...

Trump signals he’s prepared to give farmers more federal aid

WASHINGTON (AP) — President Donald Trump signaled Friday that he’s prepared to tap federal coffers again to help farmers suffering from the tariff fights that he initiated. The Trump administration over the past two years has committed to providing farmers with $27 billion in assistance. ...

Struggling Victoria’s Secret sold as women demand comfort

NEW YORK (AP) — Victoria’s Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner. Now, the big question is whether the once sought after but now struggling brand can be reinvented for a new generation of women demanding ...

Via Rail lays off 1,000 employees amid Canada rail protests

MONTREAL (AP) — Via Rail, the Canadian passenger train service, said Wednesday it is temporarily laying off 1,000 employees due to the continued halt in service on CN Rail’s tracks in eastern Canadian caused by railway blockades protesting a British Columbia pipeline. The government ...

Judge rips PG&E for ghastly safety record leading to fires

SAN FRANCISCO (AP) — A U.S. judge ripped into Pacific Gas & Electric on Wednesday, saying its executives have put greed before safety and telling the utility that has been blamed for huge California wildfires in recent years that it should plan to have at least 1,100 more tree trimmers to ...

UK unveils immigration overhaul for 2021 focused on skills

LONDON (AP) — Britain announced new post-Brexit immigration rules Tuesday that will make it tougher for European Union citizens, but easier for people from many other nations, to move to the U.K. starting next year. Prime Minister Boris Johnson’s Conservative government said the new rules ...