Business

Super Bowl betting brings big business to sports books

  • Feb 04, 2020

ATLANTIC CITY, N.J.  — Business was brisk at sports books around the country on Super Bowl Sunday, with customers risking money on everything from the coin toss at the start of the game, to the color of the Gatorade dumped on the winning coach, Kansas City’s Andy Reid, at the end of it. The

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2 top execs leaving newspaper publisher Tribune amid turmoil

  • Feb 04, 2020

Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a hedge fund known for cutting newsroom jobs, and grapples with a decline in revenue as the print-ad business shrinks. The Chicago-based company, which owns the Chicago Tribune, New York Dai

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Financial adviser admits stealing from elderly clients

  • Feb 01, 2020

KANSAS CITY, Mo. — An Independence, Missouri, financial adviser admitted Friday to stealing more than $1 million from two elderly clients. Kraig Gier, 59, pleaded guilty in federal court to two counts of wire fraud. Gier, who operated Security Planning Corporation, admitted that he stole a

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FDA approves first treatment for kids with peanut allergy

  • Feb 01, 2020

WASHINGTON  — The first treatment for peanut allergies is about to hit the market, a big step toward better care for all kinds of food allergies -- but still a long way from a cure. Friday’s approval by the Food and Drug Administration promises to bring some relief to families who’ve l

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Stocks sink on fears virus outbreak will dent global economy

  • Feb 01, 2020

Stocks fell sharply on Wall Street Friday as fears spread through the markets that a virus outbreak emanating from China will dent global growth. The Dow Jones Industrial Average skidded more than 600 points and the S&P 500 index erased its gains for January. Technology companies, which do a lot

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Johnson & Johnson ordered to pay $344M in pelvic mesh case

  • Jan 31, 2020

SAN DIEGO  — A San Diego judge on Thursday ordered Johnson & Johnson to pay nearly $344 million in penalties for deceptively marketing pelvic mesh devices for women. Superior Court Judge Eddie Sturgeon ruled against the medical giant in a lawsuit brought in 2016 by the California Department of

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Hummer is making a comeback, but this time it’s electric

  • Jan 31, 2020

DETROIT  — The Hummer, once a gas-guzzling target for environmentalists, is making a comeback. But this time around it won’t burn fuel or spew greenhouse gases. General Motors announced Thursday that it will start selling a battery-powered Hummer pickup truck in September of 2021. At least p

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American Airlines pilots sue to halt flights to China

  • Jan 31, 2020

DALLAS — The pilots’ union at American Airlines sued on Thursday to stop the carrier from flying to China and told members not to operate flights there because of the spreading coronavirus outbreak. The Allied Pilots Association, which represents American’s 15,000 pilots, asked a state dist

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Commerce secretary: China virus could bring jobs back to US

  • Jan 31, 2020

WASHINGTON  — Commerce Secretary Wilbur Ross suggested Thursday that the viral outbreak in China might offer an unexpected benefit for the U.S. economy: It could encourage American manufacturers in China to return to the United States. “I think it will help to accelerate the return of jobs t

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