Money & Markets

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People make their way into the building that houses the headquarters of Uber, Wednesday, in San Francisco. CEO Travis Kalanick is out as chief executive, resigning under pressure amid a federal investigation and claims of widespread sexual harassment at Uber.

Uber CEO is pushed out as company tries to clean up its act

DETROIT — Under Travis Kalanick's leadership, Uber's "Animal House"-style business plan was to grow as quickly as possible, steamrolling regulators while flouting the rules of workplace conduct. Behavior at the male-dominated company didn't seem to matter. Riders embraced the app-based ...

California Legislature Things To Know

Oil falls again, despite decline in US supplies

LONDON — Oil prices fell further Wednesday, with the international benchmark for crude sliding below $45 a barrel. The recent drop in price indicates that efforts by OPEC and 10 other oil-producing countries to cut their production to reduce a supply glut and push prices higher are falling ...

Flu vaccine ineffective for elderly last winter

NEW YORK — The flu vaccine did a poor job protecting older Americans against the illness last winter, even though the vaccine was well-matched to the flu bugs going around. U.S. health officials on Wednesday released new vaccine data showing it did a so-so job overall. The vaccine was about ...

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European Union flags fly at half staff in front of EU headquarters in Brussels on Monday. The flags were lowered on Monday to show solidarity for the victims of deadly forest fires in Portugal.

As Brexit talks begin, Europe sees economic upswing over UK

LONDON — When Britain voted to leave the European Union a year ago, proponents argued that the British economy was being held back by the slow-growing, dysfunctional bloc. A year on, and with the Brexit divorce talks finally starting, the situation is radically different. Britain's ...

Ford

Ford to move Focus production to China

DETROIT — Ford Motor Co. will export vehicles from China to the U.S. for the first time starting in 2019. Ford said Tuesday it plans to move production of its Ford Focus small car from the U.S. to China, where it already makes the Focus for Chinese buyers. Ford will continue to make the ...

FedEx tops 4Q profit forecasts

MEMPHIS, Tenn. — FedEx Corp.'s latest quarterly profit beat Wall Street expectations thanks to higher rates and an increase in deliveries, as the company continues to benefit from the growth in online shopping. Executives on Tuesday predicted record business during the holiday season later ...

In this May 3, 2017, photo, people stand outside a Whole Foods Market in Upper Saint Clair, Pa. Amazon’s planned $13.7 billion acquisition of Whole Foods signals a massive bet that people will opt more for the convenience of online orders and delivery or in-store pickup, putting even more pressure on the already highly competitive industry. (AP Photo/Gene J. Puskar)

Whole Foods CEO calls deal with Amazon ‘whirlwind courtship’

THE ASSOCIATED PRESS NEW YORK — Whole Foods CEO John Mackey says the deal to be acquired by Amazon was the result of a "whirlwind courtship." Mackey made the remarks during a town hall with Whole Foods employees after the $13.7 billion deal was announced late last week, according to a ...

AP PHOTO
Customers drive past this Whole Foods Market store in Jackson, Miss., Friday. Amazon is buying Whole Foods Market in a deal valued at $13.7 billion, uniting the on-line giant with the grocery store chain that touts fresh organic foods.

Amazon to acquire Whole Foods in $13.7B deal

NEW YORK — Online retail giant Amazon is making a bold expansion into physical stores with a $13.7 billion deal to buy Whole Foods, setting the stage for radical retail experiments that could revolutionize how people buy groceries and everything else. Amazon could try to use automation and ...

People watch from a balcony as people walk during a demonstration following the fire at Grenfell Towers that engulfed the 24-storey building on Wednesday morning, in London, Friday June 16, 2017. Grief over a London high-rise tower fire that killed dozens turned to outrage Friday amid reports that the materials used in a recent renovation of the public housing block may have fueled the inferno. (AP Photo/Tim Ireland)

Anger erupts over flaws at burned London tower

LONDON — Grief turned to outrage Friday over a deadly high-rise tower fire in London amid reports that materials used in the building's renovation could have fueled the inferno that left dozens dead and missing as it decimated the public housing block. Engineering experts say outside ...

Genesis HealthCare to pay $53.6M settlement

LOS ANGELES — Genesis HealthCare has agreed to pay $53.6 million to settle allegations that it submitted false claims to the federal government for unnecessary therapy and substandard nursing care, the Justice Department said Friday. The settlement resolves six federal lawsuits and ...

Nevada forces drugmakers to reveal insulin pricing, profits

CARSON CITY, Nev. — Nevada Gov. Brian Sandoval signed into law Thursday the nation's strictest requirements for pharmaceutical companies to reveal how they set certain prescription drug prices. The bipartisan legislation focuses on insulin — one of many life-sustaining prescription ...

FDA approves new, cheaper rival to EpiPen allergy shot

TRENTON, N.J. — U.S. regulators have approved new competition for EpiPen, the emergency allergy medicine that made Mylan a poster child for pharmaceutical company greed. The Food and Drug Administration on Thursday approved Adamis Pharmaceuticals Corp.'s product, which should go on sale ...

Nike Job Cuts

Nike to slash 1,400 jobs, cut sneaker styles

NEW YORK — Nike wants to be more nimble on its feet. The sneaker maker said Thursday that it plans to focus on the hottest-selling sneakers, slash the number of styles it offers and sell more shoes directly to customers as part of a restructuring in which it also will cut about 1,400 ...

US antitrust regulators OK DuPont, Dow merger

OMAHA, Neb. — The long-delayed $62 billion merger of chemical giants DuPont and Dow has been approved by U.S. antitrust regulators. The Justice Department said Thursday it would approve the deal as long as the companies sell off some herbicide and chemical units to preserve competition. The ...

AP PHOTO
Federal Reserve Chair Janet Yellen speaks in Washington, Wednesday, to announce the Federal Open Market Committee decision on interest rates following a two-day meeting. The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy.

Fed raises key rate and unveils plan to reduce bond holdings

WASHINGTON — The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause ...

VA warns of surprise budget gap, insists no delays in care

WASHINGTON — The Department of Veterans Affairs warned Wednesday it was unexpectedly running out of money for a program that offers veterans private-sector health care, forcing it to hold back on some services that lawmakers worry could delay medical treatment. It is making an urgent ...

The Typewriter Comeback

Typewriters gain fans amid ‘digital burnout’

ALBUQUERQUE, N.M. — Typewriter enthusiasts gather at an Albuquerque restaurant to experiment with vintage Smith Coronas. Fans in Boston kneel in a city square and type stories about their lives during a pro-immigration demonstration. A documentary on typewriters featuring Tom Hanks and ...

N.D. soybean plant seeks more investors

JAMESTOWN, N.D. — Developers of a $240 million soybean processing plant in North Dakota are seeking more investors. Minnesota Soybean Processors is investing $60 million in the plant to be built near Spiritwood and will serve as the company's managing member. North Dakota Soybean ...

AP PHOTO
In this Jan. 7, 2014, file photo, Yahoo president and CEO Marissa Mayer speaks during the International Consumer Electronics Show in Las Vegas. On Tuesday, Verizon took over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet’s best-known brands. Tuesday’s closure of the sale ends Yahoo’s 21-year history as a publicly traded company. It also ends the nearly five-year reign of Yahoo CEO Marissa Mayer, who isn’t joining Verizon.

Verizon takes over Yahoo to complete $4.5B deal

SAN FRANCISCO — Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet's best-known brands. Tuesday's closure of the sale ends Yahoo's 21-year history as a publicly traded ...

11 states sue DOE over stalled energy-use limits

SAN FRANCISCO — New York, California and nine other states sued the Trump administration Tuesday over its failure to finalize energy-use limits for portable air conditioners and other products. The new standards would reduce greenhouse gas emissions, save businesses and consumers billions ...