Wire stories category, Page 21
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....
Federal Reserve still foresees 3 rate cuts this year but envisions higher rates in future
WASHINGTON — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation stayed surprisingly high at the start of the year. Yet they foresee fewer rate cuts in 2025, and they slightly raised their inflation forecasts. After...
IRS chief zeroes in on wealthy tax cheats in AP interview
WASHINGTON — IRS Commissioner Danny Werfel has a message for high-wealth tax cheats who are wrongly deducting private jet travel and otherwise shorting the government on their taxes: Pay your fair share so “others aren’t shouldering the burden of funding our government.” He also has a thought for ordinary taxpayers...
Doing business in China is growing tougher, more uncertain, European business group says
BEIJING — Uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China, a report by a European business group said Wednesday. The lengthy paper by the European Union Chamber of Commerce in China urges China’s leaders to do more to address concerns that it says have “grown...
Reddit is preparing to sell shares to the public. Here’s what you need to know
SAN FRANCISCO — Reddit, that vast, lively and sometimes chaotic repository of internet discussion, is expected to carry a valuation up to $6.4 billion when it conducts its initial public offering on the stock market. The offering also makes Reddit one of the first online companies to offer shares to...
Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies
NEW YORK — Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and some pandemic-era hobbies. In a Monday statement, the Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of...
Boeing plane found to have missing panel after flight from California to Oregon
PORTLAND, Ore. — A Boeing 737-800 was found to have a missing panel after a United Airlines flight arrived at its destination in southern Oregon on Friday, airport officials said. United Flight 433 left San Francisco at 10:20 a.m. and landed at Rogue Valley International-Medford Airport in Medford shortly before...
Home sellers cutting list prices as spring buying season starts with higher mortgage rates
LOS ANGELES — More homeowners eager to sell their home are lowering their initial asking price in a bid to entice prospective buyers as the spring homebuying season gets going. Some 14.6% of U.S. homes listed for sale last month had their price lowered, according to Realtor.com. That’s up from...
February retail sales up 0.6%, but some cracks emerge in what has been a driving force for economy
NEW YORK — Shoppers picked up their spending a bit in February after a pullback the previous month, reflecting the mixed feelings Americans have in an economy where prices are up, but jobs are plentiful. Retail sales rose 0.6% last month after falling a revised 1.1% in January, dragged down...
TikTok won’t be banned if it finds new owner, lawmakers say. But that’s easier said than done.
U.S. lawmakers are threatening to ban TikTok but also say they are giving its Chinese parent company a chance to keep it running. The premise of a bipartisan bill headed for a vote in the U.S. House of Representatives is that TikTok fans in the U.S. can keep scrolling through...
Most automated driving systems are lousy at making sure drivers pay attention, insurance group says
DETROIT — Most electronic systems that take on some driving tasks for humans don’t adequately make sure drivers are paying attention, and they don’t issue strong enough warnings or take other actions to make drivers behave, according to an insurance industry study published Tuesday. Only one of 14 partially automated...
Boeing to face ‘enormous’ scrutiny after mishaps, Transportation Secretary Pete Buttigieg says
U.S. Transportation Secretary Pete Buttigieg said the Federal Aviation Administration will rigorously assess The Boeing Co. after the blowout of a fuselage section on an Alaska Airlines flight in January. To maintain airline safety, “that means an enormous amount of rigor in dealing with Boeing, in dealing with any regulatory...
Federal judge orders U.S. minority business agency to serve all races
NEW YORK — A federal judge in Texas has ordered a 55-year-old U.S. agency that caters to minority-owned businesses to serve people regardless of race, siding with white business owners who claimed the program discriminated against them. The ruling was a significant victory for conservative activists waging a far-ranging legal...
Federal safety officials say Boeing fails to meet quality-control standards in manufacturing
The Federal Aviation Administration said Monday its audit of 737 Max manufacturing at airplane-maker Boeing and its key supplier turned up “multiple instances” of them failing to make sure manufacturing met quality standards. The FAA said that it found “non-compliance issues” with Boeing’s manufacturing-process control and parts handling and storage....
Trader Joe’s chicken soup dumplings recalled for possibly containing permanent marker plastic
NEW YORK — More than 61,000 pounds of steamed chicken soup dumplings sold at Trader Joe’s are being recalled for possibly containing hard plastic, U.S. regulators announced Saturday. The Agriculture Department’s Food Safety and Inspection Service noted that the now-recalled dumplings, which are produced by the California-based CJ Foods Manufacturing...
Some doorbell cameras sold on Amazon and other online sites have major security flaws, report says
NEW YORK — Some doorbell cameras sold by Amazon and other online retailers have security flaws that could allow bad actors to view footage from the devices or control them completely, according to an investigation published Thursday by Consumer Reports. Researchers from the product-review organization said they found major vulnerabilities...
Anheuser-Busch, Teamsters reach labor agreement that avoids U.S. strike
Budweiser brewer Anheuser-Busch has reached a contract agreement with the Teamsters union that avoids a strike at its U.S. plants. The union had threatened a strike at the brewer’s 12 U.S. plants if an agreement on a new five-year contract wasn’t reached by 11:59 p.m. EST Thursday. The Teamsters union...
Macy’s to close 150 stores as sales slip as it pivots to luxury at Bloomingdale’s, Blue Mercury
NEW YORK — Macy’s will close 150 stores over the next three years and 50 by the end of 2024, the department store said Tuesday after posting a fourth quarter loss and declining sales. At the same time the company signaled a pivot to luxury. It said it would open...
Consumers are increasingly pushing back against price increases — and winning
WASHINGTON — Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation. Fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name...
AT&T says some customers will receive credits as a result of network outage
AT&T said that it plans to reimburse customers for the nearly 12-hour network outage that took place Feb. 22. The company announced in a news release late Saturday that it will issue a $5 credit to “potentially impacted” AT&T Wireless customers, which it says is the “average cost of a...
Warren Buffett uses annual letter to warn about Wall Street
OMAHA, Neb. — Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he has received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or financial advisers who...
