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Wire stories category, Page 13

Pope Francis, first Latin American pontiff, dies at 88
Express files for Chapter 11 bankruptcy protection, announces store closures
NEW YORK — Express Inc — once a trendsetter of casual office attire that has struggled to compete with the likes of Zara and H&M — has filed for Chapter 11 bankruptcy protection. The retailer based in Columbus, Ohio, and founded in 1980 also said Monday it is seeking to...
Tesla cuts the price of its Full Self Driving system by a third to $8,000
NEW YORK — Tesla knocked roughly a third off the price of its Full Self Driving system — which can’t drive itself and so drivers must remain alert and be ready to intervene — to $8,000 from $12,000, according to the company website. Tesla CEO and billionaire Elon Musk promised...
Netflix now has nearly 270 million subscribers after another strong showing to begin 2024
Netflix gained another 9.3 million subscribers to start the year while its profit soared with the help of a still-emerging expansion into advertising, but caught investors off guard with a change that will make it more difficult to track the video streaming service’s future growth. The performance announced Thursday demonstrated...
Seafood chain Red Lobster considering bankruptcy
Red Lobster is considering filing for Chapter 11 bankruptcy, according to a report. The seafood chain is considering a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to a Bloomberg News report citing people with knowledge of the matter. The chain is looking to rid itself...
Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
LOS ANGELES — The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March from the previous month to a seasonally adjusted annual rate of 4.19 million, the National Association...
Starbucks introducing cold drink cup made with less plastic
Booming sales of cold drinks at Starbucks have created a problem: growing amounts of plastic waste from the single-use cups that Frappuccinos, Refreshers, cold brews and other iced drinks are served in. The coffee giant said Thursday it plans to alleviate some of that waste with new disposable cups that...
Biden administration recruits 15 states to help enforce airline consumer laws
The Biden administration is enlisting the help of officials in 15 states to enforce consumer-protection laws covering airline travelers, a power that by law is limited to the federal government. The Department of Transportation said Tuesday that the states, which include California, New York and Illinois, will help ensure that...
Cheap mortgages deter workers from relocating for $250,000 jobs
Manager recruits in the industrial Midwest are shunning offers to move to the American South — in part because they’re locked into super-low 30-year mortgages. A tight labor market that’s allowing workers to stay closer to home, rising housing costs and a post-pandemic shift toward remote or hybrid-work arrangements are...
The IRS is quicker to answer the phone on this Tax Day
WASHINGTON — On this Tax Day, the IRS is promoting the customer service improvements the agency rolled out since receiving tens of billions in new funding dollars through Democrats’ Inflation Reduction Act. From cutting phone wait times to digitizing more documents and improving the “Where’s My Refund” tool to show...
Bob Casey, Sherrod Brown press Biden to stop U.S. Steel-Nippon deal
WASHINGTON — Two steel-state Democrats in tough reelection fights are urging President Joe Biden to do more to stop the proposed acquisition of U.S. Steel by Japan-based Nippon Steel Corp. “We’re pushing the White House on national security grounds and on trade enforcement,” Sen. Sherrod Brown of Ohio told Bloomberg...
Goofy sued for negligence, inflicting trauma, in Disneyland collision
LOS ANGELES — Oh, Goofy, what have you done now? Katrina Amian Redfern Griffin was bent over, tying her daughter’s shoes during a trip to Disneyland in April 2022, when a park employee dressed as Goofy — the klutzy but lovable cartoon canine — barreled straight into her, according to...
Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates
WASHINGTON — Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it. The Labor Department reported Thursday that filings for unemployment claims for the week ending April 6 fell by 11,000 to 211,000 from the previous week’s...
Internet providers must now be more transparent about fees, pricing, FCC says
NEW YORK — Much like nutritional labels on food products, “broadband labels” for internet packages will soon tell you just what is going into the pricing of your service, thanks to new rules adopted by the Federal Communications Commission this week. “If you’ve ever shopped for home or mobile internet,...
2 years after its historic win, a divided Amazon Labor Union lurches toward a leadership election
Two years after clinching a historic victory at a warehouse in New York City, the first labor union for Amazon workers in the United States is divided, running out of money and fighting over an election that could determine who will lead the group in the near future. Despite campaigns...
Will China flood the globe with EVs, green tech? What’s behind latest US-China trade fight
WASHINGTON — China’s burgeoning production of electric cars and other green technologies has become a flashpoint in a new U.S.-China trade fight, highlighted by Treasury Secretary Janet Yellen during her five-day visit to China and seized on by former President Donald Trump in incendiary remarks on the campaign trail. China...
P&G recalls 8.2 million bags of Tide, Gain and other laundry detergents over packaging defect
NEW YORK — Procter & Gamble is recalling more than 8 million bags of Tide, Gain, Ace and Ariel laundry detergent packets sold in the U.S. and Canada due to a defect in the products’ child-resistant packaging. According to Friday notices from both P&G and product-safety regulators in the U.S....
Justice Department can reopen Realtors case, court says
The Justice Department can reopen an antitrust probe into the National Association of Realtors, an appeals court ruled Friday, rejecting a bid by the real estate trade group to enforce a 2020 settlement with the Trump administration to close the case. “The fact that DOJ ‘closed its investigation’ does not...
Target’s latest ads feature Kristen Wiig’s SNL ‘Target Lady’ and Prince’s music
Target has brought the “Target Lady” back with her bowl cut, red vest and overexuberant approach to customer service and all things “Tergit” to help get out the word out about Target Circle Week and changes to the retailer’s loyalty program. It’s the first time the Minneapolis-based retailer has tapped...
Google to purge billions of files containing personal data in settlement of Chrome privacy case
SAN FRANCISCO — Google has agreed to purge billions of records containing personal information collected from more than 136 million people in the U.S. surfing the internet through its Chrome web browser. The massive housecleaning comes as part of a settlement in a lawsuit accusing the search giant of illegal...
Trump Media stock falls more than 21% after company discloses $58 million loss for 2023
NEW YORK — Less than a week after a flashy stock market debut, Donald Trump’s social media company Monday disclosed it lost nearly $58.2 million last year, sending its stock tumbling more than 21%. Losses in 2023 for Trump Media & Technology Group — whose flagship product is Truth Social...
UPS to become the primary air cargo provider for the United States Postal Service
UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. Postal Service that significantly expands an existing partnership between the two. UPS will move the majority of air cargo...
How to successfully negotiate real estate commissions
In a real estate transaction, there’s always some level of negotiation. If you’re the seller, you face haggling not only with prospective buyers, but also with the person you’re working with to seal the deal: your real estate agent. Thanks to a federal lawsuit that was recently settled, the way...
Do you want fries with that? Krispy Kreme doughnuts are coming to McDonald’s
NEW YORK — Krispy Kreme and McDonald’s are getting together over breakfast. The doughnut chain and the fast food giant unveiled plans Tuesday to offer Krispy Kreme products at McDonald’s locations across the United States. A phased rollout is expected to start later this year, the companies said, with availability...
FBI tells passengers on Alaska Airlines flight that lost panel they might be crime victims
The FBI has told passengers on the Alaska Airlines Boeing 737 Max that lost a door-plug panel in midflight they might be victims of a crime. “I’m contacting you because we have identified you as a possible victim of a crime,” a victim specialist from the federal agency’s Seattle office...
Reddit, the self-anointed ‘front page of the internet,’ soars in Wall Street debut
NEW YORK — Reddit’s stock soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange. Reddit, which priced its IPO at $34 a share, debuted Thursday afternoon at $47 a share....


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