Money & Markets

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 ...

Travis Kalanick

Uber CEO to take leave following report

SAN FRANCISCO — Uber CEO Travis Kalanick will take a leave of absence for an unspecified period and let his leadership team run the troubled ride-hailing company while he's gone. Kalanick told employees of his decision in a memo Tuesday, just as Uber released a report from former U.S. ...

FDA delays revamped nutrition facts panel

NEW YORK — A revamped nutrition facts panel designed to make it easier for Americans to see how many calories and added sugars are in packaged foods and drinks is being delayed. The Food and Drug Administration said Tuesday it plans to push back the deadline for a rule requiring food ...

Casino industry ramps up effort to repeal sports betting ban

LAS VEGAS — The casino industry's largest lobbying group in the U.S. is ramping up its efforts to repeal a 25-year-old federal law that bans sports betting in most states. The American Gaming Association on Monday announced the creation of a coalition involving organizations of attorneys ...

FILE - In this July 10, 2012 file photo, Uber CEO and co-founder Travis Kalanick arrives at a conference in Sun Valley, Idaho. The New York Times and other media are reporting Sunday, June 11, 2017, that Uber's board is considering placing Kalanick, the CEO of the ride-hailing company, on leave. (AP Photo/Paul Sakluma, File)

New York Times sources say Uber discussing leave for CEO

NEW YORK — The board of Uber was meeting Sunday to consider placing the CEO of the ride-hailing company on leave, according The New York Times and other news outlets. The Times reported that three people with knowledge of the matter have confirmed that Uber's board was meeting to consider ...

AP PHOTO
Britain's Prime Minister Theresa May leaves Conservative party headquarters in London, Friday.

Tick-tock

BRUSSELS — Frustrated by a year of British foot-dragging and faced by more uncertainty in the aftermath of the country's general election, the European Union on Friday had a clear proposal of when to start the Brexit negotiations: How about tomorrow morning? "Half past nine," suggested EU ...

Greece Bailout

Anti-austerity protesters hurl fish at police

ATHENS, Greece — Protesters outside Greece's parliament threw boxes of fish at police on Friday ahead of a vote that approved new austerity measures. Members of a communist-backed labor union hurled the crates of sardines at police as lawmakers debated the cuts, which were added to draft ...

Sirius XM buys stake in Pandora

NEW YORK — Pandora is raising cash to help it take on Spotify and other streaming music services. The online music service is selling a 19 percent stake in its business to satellite radio company Sirius XM for $480 million. Pandora will pay a $22.5 million breakup fee to private equity ...