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September 26, 2016

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Business

  • UPS testing drones for package-delivery use

    2 days, 11 hours ago

    (AP) MARBLEHEAD, Mass. — One of the world's largest package delivery companies is stepping up efforts to integrate drones into its system. UPS has partnered with robot-maker CyPhy Works to test the use of drones to make commercial deliveries to remote ...

  • Univision deletes Gawker posts tied to litigation

    15 days, 8 hours ago

    (AP) Univision, which bought Gawker Media, has removed several posts on Gawker websites because they are involved in lawsuits. Gawker Media's executive editor, John Cook, said in a memo to staffers that two Univision executives voted to remove six posts on ...

  • US stocks slide after weak report on service companies

    19 days, 16 hours ago

    (AP) NEW YORK — U.S. stocks are turning lower Tuesday morning after a survey found that services companies grew at their slowest pace in six years in August. That sent consumer companies to hefty losses and pushed bond yields lower. A ...

  • FDA bans antiseptic chemicals from soaps; no proof they work

    23 days, 14 hours ago

    (AP) The federal government Friday banned more than a dozen chemicals long-used in antibacterial soaps, saying manufacturers failed to show they are safe and kill germs. "We have no scientific evidence that they are any better than plain soap and water," ...

  • Tesla plans upgrade to semi-autonomous system

    25 days, 12 hours ago

    (AP) Tesla Motors is planning improvements to its semi-autonomous Autopilot system after a fatal crash earlier this summer. Tesla CEO Elon Musk wrote in a Tweet Wednesday that a software update will be released in a few weeks. He said details ...

  • US stocks inch lower despite solid jobs data

    25 days, 16 hours ago

    (AP) NEW YORK — U.S. stocks are slightly lower Wednesday morning as energy companies and makers of chemicals and other materials take the biggest losses. A survey of private employers showed that hiring continued at a solid pace in August, but ...

  • Franchisee addresses claims of worms on burgers

    29 days, 11 hours ago

    (AP) MAYFIELD, Ky. — A McDonald's franchisee says he's been unable to substantiate claims by two customers who reported finding worms in food at the fast-food chain's restaurants in two Kentucky communities. Michael Love, owner-operator of the two restaurants, says inspections ...

  • Lockheed gets contract worth up to $5 billion to manage Nevada National Security Site

    1 month ago

    (AP) A subsidiary of defense giant Lockheed Martin won a contract worth up to $5 billion Friday to manage the Nevada National Security Site, ending a bid process that drew interest from major firms like Bechtel and the current operator, National ...

  • Howard Johnson restaurant to close; 1 remains

    1 month, 3 days ago

    (AP) One of the last two Howard Johnson restaurants will close in a couple of weeks, taking with it its fried clam strips and ice cream — and a slice of roadside Americana. Howard Johnson hotel owner Sally Patel says the ...

  • Daily fantasy sports could make a comeback in Nevada

    1 month, 3 days ago

    (AP) [{"text":"Daily fantasy sports cleared to resume in New York state ","url":"http://vegasinc.com/business/gaming/2016/aug/23/daily-fantasy-sports-cleared-to-resume-in-new-york/"},{"text":"Gaming pioneer Salerno seeking OK for daily fantasy sports operation","url":"http://vegasinc.com/business/gaming/2016/jun/23/gaming-pioneer-salerno-seeking-ok-for-daily-fantas/"},{"text":"In fantasy sports, Las Vegas tech entrepreneurs see dream come true","url":"http://vegasinc.com/news/2016/mar/22/in-fantasy-sports-las-vegas-tech-enterpreneurs-see/"},{"text":"Sandoval to fantasy sports CEOs: Let’s see your ideas on regulations","url":"http://vegasinc.com/news/2016/mar/07/sandoval-to-fantasy-sports-ceos-lets-see-your-idea/"}] ...

  • Daily fantasy sports cleared to resume in New York state

    1 month, 4 days ago

    (AP) DraftKings, FanDuel and three other daily fantasy sports operators were cleared to resume business in New York on Monday, just in time for the approaching NFL season and Major League Baseball playoffs. The state's Gaming Commission granted temporary permits to ...

  • Speedo USA, 3 other sponsors drop Lochte

    1 month, 4 days ago

    (AP) Less than 24 hours after the close of the Rio Olympics, Ryan Lochte took a major financial hit Monday for a drunken incident he initially tried to pass off as an armed robbery. In quick succession, four sponsors announced they ...

  • Viacom CEO out as company settles lawsuits

    1 month, 7 days ago

    (AP) The messy legal battle over Sumner Redstone's media empire appears to have come to an end. According to an internal memo provided by Viacom on Friday, CEO Philippe Dauman will step down, making Thomas E. Dooley, currently chief operating officer, ...

  • US stocks little changed; utilities rally and retailers fall

    1 month, 9 days ago

    (AP) NEW YORK — U.S. stocks are little changed Wednesday afternoon with utility companies rising and consumer companies falling after weak results from retailers like Target and Lowe's. The Federal Reserve said it could raise interest rates soon, but investors appeared ...

  • Cisco laying off 5,500 employees, or 7 percent of workforce

    1 month, 9 days ago

    (AP) SAN JOSE, Calif. — Cisco Systems says it will lay off 5,500 employees as the internet gear maker scrambles to adapt to technology changes that have reduced demand for its main products. The shake-up announced Wednesday means about 7 percent ...

  • Viewing numbers down, streaming up for Olympics

    1 month, 10 days ago

    (AP) While NBC's prime-time television ratings are down, fans are clearly seeking out the Olympics on other devices. The network said Tuesday it had surpassed 2 billion minutes of live streamed action from the Rio de Janeiro Games. Not only does ...

  • Gawker sold to Univision after Hulk Hogan case

    1 month, 10 days ago

    (AP) Spanish-language broadcaster Univision won an auction Tuesday for Gawker Media, which was put on the block in the aftermath of a $140 million judgment against it in the Hulk Hogan invasion-of-privacy case. Univision is paying $135 million for the online ...

  • Buffett's company adds to stakes in Apple and Phillips 66

    1 month, 11 days ago

    (AP) OMAHA, Neb. — Warren Buffett's company is taking an even bigger bite of Apple stock and adding to its already sizeable stake in Phillips 66. Berkshire Hathaway Inc. filed an update with regulators Monday on its roughly $130 billion U.S. ...

  • Meet the young buyer of the Playboy Mansion

    1 month, 26 days ago

    (AP) Last month, when the 32-year-old co-owner of Hostess Brands plunked down $100 million for the Playboy Mansion, the snickering was instant: Hugh Hefner’s pleasure palace had sold to the maker of snack cakes like Twinkies and Ho Hos. The buyer, ...

  • Verizon could boost Yahoo ad targeting, but challenges ahead

    2 months, 2 days ago

    (AP) NEW YORK — Verizon's deal for Yahoo could give the phone company a stronger foothold in digital advertising as it takes what it knows about its customers' whereabouts and combines that with Yahoo's popular destinations and AOL's advertising expertise. To ...

  • Wal-Mart allows phone payment at all US stores

    2 months, 21 days ago

    (AP) Wal-Mart will now let you pay with its phone app at all 4,600 stores nationwide. The effort is part of Wal-Mart's strategy to make shopping easier and faster, while learning more about consumer behavior. With Wal-Mart Pay, the cashier scans ...

  • China-led development bank approves first loans

    3 months, 2 days ago

    (AP) BEIJING — A new Chinese-led development bank has approved its first loans and expects to suffer no impact from Britain's vote to leave the European Union, the bank's president said Saturday at its first annual meeting. The Asian Infrastructure Investment ...

  • U.S. stocks rise as Yellen takes careful tone before Congress

    3 months, 6 days ago

    (AP) NEW YORK — U.S. stocks rose Tuesday as investors were relieved to hear Federal Reserve Chair Janet Yellen say the Fed would remain cautious in raising interest rates. Stocks hardly budged for most of the day as investors were occupied ...

  • Disney opens ‘distinctly Chinese’ Shanghai park

    3 months, 12 days ago

    (AP) Walt Disney Co. opened its Shanghai theme park Thursday, its first in mainland China, with speeches by Communist Party leaders, a Chinese children's choir, Sleeping Beauty and other Disney characters. A Chinese vice premier joined Disney CEO Bob Iger in ...

  • Monte Carlo rebrands as Park MGM and NoMad

    3 months, 24 days ago

    (AP) Today’s announcement that Monte Carlo will be redesigned as two hotels — Park MGM Grand and NoMad Las Vegas — keeps a promise by MGM Resorts International Chairman and CEO Jim Murren to refrain from naming properties for international tourist ...

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