Money & Markets

AP PHOTO
This July 25, 2016, file photo shows Yahoo and Verizon Wireless logos on a laptop, in North Andover, Mass. Verizon is buying Yahoo in hopes of challenging Google and Facebook in the digital advertising market by combining ad technologies and user profiles from Yahoo and the AOL business it already owns.

Verizon’s first move with Yahoo: eliminate 2,100 jobs

NEW YORK — About 2,100 jobs are on the chopping block as Verizon prepares to combine Yahoo and AOL for a digital advertising offensive. Yahoo's shareholders on Thursday approved the $4.5 billion sale of its key businesses to Verizon. The deal is expected to close by Tuesday. AOL and Yahoo ...

Pot Taxes Crackdown

Marijuana market funds busts of illegal growers

DENVER — The first recreational pot market in the U.S. notched another marijuana first Thursday when Colorado started using marijuana taxes to fund police efforts to crack down on illegal growing operations. A measure signed into law by Gov. John Hickenlooper sets aside nearly $6 million a ...

House votes to roll back post-2008 financial rules

WASHINGTON — The Republican-led House approved sweeping legislation Thursday to undo much of former President Barack Obama's landmark banking law created after the 2008 economic crisis that caused millions of Americans to lose their jobs and homes. The largely party-line vote was 233-186, as ...

AP PHOTO
This May 18 photo shows activist investor John Chevedden outside the Southern California headquarters of Mattel in El Segundo, Calif. One of his recent actions was to push Mattel to allow shareholders to put alternative board candidates on the company's ballot, which Mattel agreed to do.

Shareholder rights may be curtailed with new law

WASHINGTON — If you're a shareholder in a major corporation, having your voice heard may soon become harder. Tucked into a Republican bill to defang the Dodd-Frank financial rules is a provision to make it more difficult to bring proposals to a shareholder vote. It would mean fewer ...

Uber dismisses more than 20 employees after law firm’s probe

DETROIT — Uber has fired more than 20 employees after a law firm investigated complaints of sexual harassment, bullying, discrimination and other violations of company policies. The recent firings included both managers and lower-level workers, some of whom retaliated against employees ...

Amazon Prime Discount

Prime discount offered to those on gov’t benefits

NEW YORK — Amazon is making a play for low-income shoppers. The online leader is offering a discount on its pay-by-month Prime membership for people who receive government assistance. The move, announced Tuesday, is seen by some analysts as an attempt to go after rival Walmart's ...

Pirelli the latest brand to give up on Venezuela

CARACAS, Venezuela — Italian tire manufacturer Pirelli is suspending production in Venezuela, the latest foreign brand to give up on the crisis-wracked country. Pirelli's local affiliate said in a statement Tuesday that imported supplies at its factory in Valencia are due to run out June 16. ...

Apple's John Ternus speaks during an announcement of new products at the Apple Worldwide Developers Conference in San Jose, Calif., Monday, June 5, 2017. (AP Photo/Marcio Jose Sanchez)

Apple unveils ‘HomePod’ speaker

SAN JOSE, California — Apple nodded to several up-and-coming technology trends, unveiling a new "smart" home speaker and device features touching on virtual reality, online privacy and a form of artificial intelligence called machine learning. The "HomePod" speaker unveiled Monday is ...

Armed police on St Thomas Street, London, Sunday June 4, 2017, near the scene of Saturday night's terrorist incident on London Bridge and at Borough Market. Several people were killed in the terror attack at the heart of London and dozens injured. Prime Minister Theresa May convened an emergency security cabinet session Sunday to deal with the crisis. (Dominic Lipinski/PA via AP)

Q&A: Internet extremism and how to combat it

DETROIT — In the wake of Britain's third major attack in three months, Prime Minister Theresa May called on governments to form international agreements to prevent the spread of extremism online. Here's a look at extremism on the web, what's being done to stop it and what could come ...

AP PHOTO
In this March 23, file photo, workers manufacture thermal protection systems for NASA at Bally Ribbon Mills in Bally, Pa. U.S. employers pulled back on hiring in May 2017 by adding only 138,000 jobs. Hiring was still enough to help keep pushing unemployment lower.

US employers add modest 138K jobs; rate dips to 4.3 pct

WASHINGTON — U.S. employers pulled back on hiring in May by adding only 138,000 jobs, though the gains were enough to help nudge the unemployment rate down to a 16 year-low. The Labor Department said Friday that the jobless rate fell to 4.3 percent the lowest level since 2001, from 4.4 ...

NY AG: Exxon misleading investors on cost of climate regs

DALLAS — The New York attorney general said Exxon Mobil is misleading investors about how it estimates the potential cost of climate-change regulations. The New York Attorney General Eric Schneiderman said in a court filing Friday that Exxon's calculations "may be a sham." He said the ...

Walmart-Shareholders Meeting

Walmart touts people, tech to shareholders

FAYETTEVILLE, Ark. — Walmart CEO Doug McMillon touted the company's investments in people and technology, but also said the company may have reached an employment peak and urged employees not to be afraid of automation. Speaking Friday at the annual shareholders' meeting, McMillon ...

Frozen tuna recalled for hepatitis contamination

OKLAHOMA CITY — Some imported frozen tuna cubes and steaks are being recalled after testing showed they could be contaminated with the hepatitis A virus. The U.S. Food and Drug Administration says Hawaii-based Hilo Fish Company told the agency it recalled yellowfin tuna that tested positive ...

US job market looks solid 8 years after recession ended

WASHINGTON — Exactly eight years after the Great Recession ended, the U.S. job market has settled into a sweet spot of steadily solid growth. The 4.4 percent unemployment rate matches a decade low. Many people who had stopped looking for jobs are coming off the sidelines to find them. More ...

Walmart Employee Deliveries

Walmart testing store employee delivery of US online orders

BENTONVILLE, Ark. — In its latest effort to compete with online giant Amazon, Walmart is testing a delivery service using its own store employees, who will deliver packages ordered online while driving home from their regular work shifts. The "associate delivery" program would use Walmart's ...

AP PHOTO
This April 25, photo, shows an Exxon service station sign in Nashville, Tenn. On Wednesday, Exxon Mobil shareholders pushed the company to share more information about whether regulations designed to reduce climate change will hurt the oil giant's business.

Investors press Exxon on climate change impact disclosure

DALLAS — Disregarding the company's opposition, Exxon Mobil shareholders asked the oil giant to provide more information about the impact that climate-change policies could have on its business. The measure was approved Wednesday by investors holding 62 percent of Exxon shares. A similar ...

Analysts: Leaving climate deal likely wouldn’t add US jobs

WASHINGTON — President Donald Trump has declared that abandoning the Paris climate agreement would be a victory for the American economy. Many economists have big doubts. They say the agreement would likely help create about as many jobs in renewable energy as it might cost in polluting ...

Space Station

SpaceX taking recycling all the way to orbit

CAPE CANAVERAL, Fla. — SpaceX is taking recycling to a whole new realm — all the way to orbit. On this week's supply run to the International Space Station, SpaceX will launch a Dragon capsule that's already traveled there. The milestone comes just two months after the launch of its first ...

Caterpillar laying off 85 workers in N.C.

MORGANTON, N.C. — Caterpillar will close a plant in North Carolina and 85 workers will lose their jobs. The company notified North Carolina officials that it would close its plant in Morganton this summer as part of a previously announced cost cutting measure. Local media reported the ...

AP PHOTO
In this Sept. 18, 2013, file photo, two Wal-Mart employees walk past a sign in the lobby at the Walmart.com office in San Bruno, Calif. Wal-Mart’s acquisition of Jet.com is accelerating its progress in e-commerce as it works to narrow the gap between itself and online leader Amazon. Wal-Mart is betting its online future on essentials like produce and groceries and has adjusted its shipping strategy. But Amazon keeps innovating too.

Wal-Mart works to close gap between itself and Amazon

HOBOKEN, N.J. — Even after an online spending spree, it may be hard for Wal-Mart to escape the Amazon in the room. Wal-Mart's acquisition of Jet.com and brands that appeal to younger shoppers have given it an e-commerce boost as it works to close the gap between itself and the online ...