Money & Markets

Amazon to cut prices on Whole Foods staples

NEW YORK) — Amazon plans to use its deep pockets to make big changes at Whole Foods, saying it will cut prices on bananas, eggs, salmon, beef and more when it completes its $13.7 billion takeover next week. Helping Whole Foods win back customers who found "good enough" organic and natural ...

Judge allows money laundering charges against Backpage executives

SACRAMENTO, Calif. — California prosecutors can bring money laundering charges against the creators of a website that prosecutors label an online brothel, a judge ruled Wednesday. But he dismissed other charges months after another judge threw out the entire case as violating free speech and ...

This photo combo of images shows, clockwise, from upper left: a Google sign at a store in Hialeah, Fla., the Twitter app displayed on a smartphone, PayPal headquarters in San Jose, Calif., and the Facebook app displayed on an iPad. It took a violent rally to get tech companies, such as these and others, to do what civil rights groups have been calling for for years: take a firmer stand against accounts used to promote hate and violence. (AP Photo)

Tech companies continue efforts to banish extremist accounts

­NEW YORK — Tech companies' efforts to banish extremist groups and individuals are continuing as a social network popular with extremists disappeared from Google's Android app store. Gab had already been unavailable in Apple's store, though it remains accessible on the web. The ...

FILE- In this July 1, 2017, file photo, people line up at the NuLeaf marijuana dispensary in Las Vegas. A judge cleared the way Thursday, July 17, for Nevada to allow more businesses to move marijuana from growers to stores in an effort to keep up with overwhelming demand since recreational pot sales began last month. (AP Photo/John Locher, File)

Nevada judge clears way for expanded recreational marijuana distribution

CARSON CITY, Nev. — A judge cleared the way Thursday for Nevada to allow more businesses to move marijuana from growers to stores in an effort to keep up with overwhelming demand since recreational pot sales began last month. Carson City District Judge James Russell lifted an order blocking ...

Wisconsin Assembly passes $3 billion for Foxconn

MADISON, Wis.— The Wisconsin Assembly approved a $3 billion tax break Thursday with bipartisan support for Taiwan-based Foxconn Technology Group to build a massive display panel factory in the state, a project President Donald Trump touted as a transformational win for the U.S. ...

In this Monday, May 29, 2017 photo, Asahi Breweries employee Kiyoshi Sakai speaks during an interview at a factory in Moriya near Tokyo. Sakai, who has worked at Asahi for 29 years, recalls those days the caps for beer cans had to be placed into machines by hand, a repetitive task that was hard not just on the body but the mind. And so he is grateful for the helping hand from automation. (AP Photo/Koji Sasahara)

Japanese workers treasure automation

MORIYA, Japan — Thousands upon thousands of cans are filled with beer, capped and washed, wrapped into six-packs, and boxed at dizzying speeds — 1,500 a minute, to be exact — on humming conveyor belts that zip and wind in a sprawling factory near Tokyo. Nary a soul is in sight in this ...

Report: Higher premiums if Trump halts ‘Obamacare’ subsidies

WASHINGTON — Premiums for a popular type of individual health plan would rise sharply, and more people would be left with no insurance options if President Donald Trump makes good on his threat to stop "Obamacare" payments to insurers, the Congressional Budget Office said Tuesday. The ...

FILE - In this April 27, 2017, file photo, a performance of the "New York Harbor of Lights" is featured at the grand opening of the new Kosciuszko Bridge span connecting Brooklyn and Queens, in New York. Gov. Andrew Cuomo liked the idea of stringing New York City's bridges with high-tech lights that change color and pulsate to the beats of Broadway showtunes. But the plan, meant to delight tourists and residents alike, is sputtering amid criticism that the money for the lights should have gone to the city's beleagured subway system. (AP Photo/Kathy Willens, File)

Critics throw shade at Cuomo’s plan to light NYC bridges

the Associated Press ALBANY, N.Y. — Critics are throwing shade at Gov. Andrew Cuomo's pricey plan to install high-tech, color-changing lights on New York City's bridges, questioning whether the investment is the best use of public money. Republican lawmakers and Mayor Bill de Blasio say ...

Maui medical marijuana dispensary to close temporarily due to high demand

WAILUKU, Hawaii — Less than a week after it opened, Maui's first state-licensed medical marijuana dispensary is reworking its opening hours as demand for its product outstrips supply because of a backlog. Maui Grown Therapies says it had expected its most recent batch of flowers to clear ...

This Tuesday, May 2, 2017, photo shows Macy's corporate signage at its flagship store in New York. Macy's Inc. reports earnings, Thursday, Aug. 10, 2017. (AP Photo/Bebeto Matthews)

Most department stores see sales metric drop

NEW YORK— It's still a pretty rough time to be a department store. Macy's, Kohl's and Dillard's all said Thursday that a key sales figure fell again in the latest quarter as customers increasingly shop online, at discount stores and elsewhere. Nordstrom, the outlier, saw those sales rise ...

Facebook envisions Watch feature as TV for social media

THE ASSOCIATED PRESS NEW YORK— Facebook envisions its new Watch feature as TV designed for social media, a place where users comment, like and interact with show creators, stars and each other — and never leave. It's a potential threat to Twitter, YouTube, Netflix and other services for ...

US oil industry pushes back on sanctions against Venezuela

By JOSHUA GOODMAN and ALEXANDRA OLSON THE Associated Press CARACAS, Venezuela— The Trump administration's decision on Wednesday to slap sanctions on eight members of Venezuela's all-powerful constitutional assembly brings to 30 the number of government loyalists targeted for human rights ...

FILE -- In this Monday, July 17, 2017 file photo, Assembly Republican Leader Chad Mayes, R-Yucca Valley, center, discusses the cap-and-trade bill at the Capitol in Sacramento, Calif. Mayes who joined with six of his GOP colleagues in voting for the recent cap-and-trade bill, received $15,300 from the oil industry during the first half of 2017.(AP Photo/Rich Pedroncelli, file)

Climate deal swing votes among the top oil money recipients

SACRAMENTO, Calif. — California Assembly members considered swing votes on legislation to reduce carbon emissions by charging polluters were among the top recipients of donations from oil companies, an analysis of campaign finance filings shows. Records show oil companies in the Western ...

This photo provided by Principal shows Robert Baur, chief global economist for Principal Global Investors. Baur analyzes worldwide trends that help explain why the U.S. stock market has done so well in the past year and what might happen in the near future. (Jose Calderon/Principal via AP)

Insider Q&A: Assessing the stock market boom

WASHINGTON — Why has the U.S. stock market done so well in the past year? What might happen in the near future? Robert Baur, chief global economist for Principal Global Investors, analyzes worldwide trends that help answer such questions. He joined The Principal in 1995 and was global head ...

In this Thursday, July 27, 2017, photo, Cheryl Bast, left, is accompanied by her daughter Liz Pierson, as she works on an application for a position with Omaha Public Schools, during a job fair held at Omaha South High School in Omaha, Neb. On Friday, Aug. 4, 2017, the U.S. government issues the July jobs report. (AP Photo/Nati Harnik)

Jobless rate raises question: How much better can it get

WASHINGTON — A drop in the unemployment rate to a 16-year low raises a tantalizing question about the job market: How much better can it get? Earlier this year, economists worried that the low unemployment rate meant businesses would struggle to find workers and that would drag down the ...

Casino industry in US has new rules

LAS VEGAS — The casino industry's largest lobbying group in the U.S. on Thursday rolled out a new code of conduct with consumer protection measures that it says are meant to promote responsible gambling. The code of the American Gaming Association calls on casino operators to be more ...

Job candidates stand in line outside of a processing tent outside the Amazon fulfillment center in Robbinsville, N.J., during a job fair, Wednesday, Aug. 2, 2017. Amazon plans to make thousands of job offers on the spot at nearly a dozen U.S. warehouses. (AP Photo/Julio Cortez)

Thousands show up for jobs at Amazon warehouses

FALL RIVER, Mass. — Thousands of people showed up Wednesday for a chance to pack and ship products to Amazon customers, as the e-commerce company held a giant job fair at nearly a dozen U.S. warehouses. Although the wages offered will make it hard for some to make ends meet, many of the ...

FILE - In this May 27, 2010 file photo, a worker looks out through the logo at the entrance of the Foxconn complex in the southern Chinese city of Shenzhen. Conservationists are lining up to oppose Republican plans to eliminate key environmental regulations as part of an incentive package to lure a $10 billion Foxconn electronics plant to southeastern Wisconsin. Gov. Scott Walker's incentives bill would exempt the company from environmental impact statements and state permits for filling wetlands and building on lake beds. (AP Photo/Kin Cheung, File)

Trump: Foxconn CEO confided plant deal could swell to $30B

MADISON, Wis. — President Donald Trump casually mentioned Tuesday that Foxconn's chairman told him in confidence the electronics giant's investment could reach $30 billion, triple the size of last week's deal with Wisconsin that some already viewed as optimistically inflated. Trump made ...

Tyson settles lawsuit with northwest Iowa workers for $5.8M

STORM LAKE, Iowa — Tyson Foods has settled a 10-year-old class-action lawsuit and will disburse nearly $6 million to more than 3,900 current and former employees of a pork plant in northwest Iowa. Peg Bouaphakeo and other Storm Lake employees sued the Arkansas-based company in 2007 to ...

FILE - This April 9, 2012 file photo shows construction well underway for two new nuclear reactors at the V.C. Summer Nuclear Station in Jenkinsville, S.C. South Carolina's state-owned public utility has voted to stop construction on two billion-dollar nuclear reactors. The reactors were set to be among the first new nuclear reactors built in the U.S. in decades, but the vote by Santee Cooper’s board on Monday, July 31, 2017 likely ends their future. (AP Photo/Jeffrey Collins)

Billions down the drain as new nuclear plants scrapped

COLUMBIA, S.C. — Billions of dollars spent on two new nuclear reactors in South Carolina went up in smoke Monday when the owners nixed plans to finish them after years of delays and cost overruns, dealing a severe blow to the industry's future. The reactors were set to be among the first ...