Business category, Page 265
Arkansas latest state to ban ‘veggie burger’ labels
When it comes to labeling of “veggie burgers” and “soy milk,” Arkansas will not be outdone by its neighboring states. The Arkansas Bureau of Standards created a law that takes effect on Wednesday bans the use of “meat” in the labeling of products. "Supporters of [laws in Arkansas, Mississippi, and...
Barr: Encryption creates U.S. security risk
NEW YORK — Attorney General William Barr said Tuesday increased encryption of data on phones and computers and encrypted messaging apps are putting American security at risk. Barr’s comments at a cybersecurity conference mark a continuing effort by the Justice Department to push tech companies to provide law enforcement with...
Stocks rise after Coke, Hasbro, others report solid earnings
NEW YORK — U.S. stocks marched broadly higher in afternoon trading Tuesday on Wall Street as several major companies reported solid second quarter earnings. The steady gains built on Monday’s upward momentum and moved stocks closer to record highs reached just over a week ago. Stocks have been volatile in...
Ford reveals all-electric F-150 that tows over 1 million pounds
It’s electric! And it’s got serious power. In 2017, Ford revealed its plans for an all-electric version of its best-selling F-150 pickup truck. Sure, going green would help the environment, but what good would a pickup be without its power? Well, Ford tried to answer that question in a big...
Biogen, four other stocks show rapid revenue growth
Let’s hear it for the top line. The investing public worships at the bottom line — profits. But for sustained growth in profits, a company needs growth in the top line — revenue. You can’t cost-cut your way to riches indefinitely. Rapid revenue growth indicates public demand for a product...
Wyoming eyes ongoing cuts amid prolonged energy downturn
CASPER, Wyo. — Wyoming lawmakers continue to look at spending cuts amid a prolonged downturn in revenue from the energy industry. Wyoming’s latest hit comes from the closure of two huge coal mines in the Powder River Basin in early July. State Budget Director Don Richards tells lawmakers if the...
Greengate Walmart gets pickup tower for online orders
Picking up online orders from the Greengate Walmart Supercenter just got a little easier. The store, located at 2200 Greengate Center Circle in Hempfield, installed a pickup tower on Friday, allowing customers to pick up online orders near the entrance instead of the back of the store. It is the...
Equifax to pay up to $700M in data breach settlement
WASHINGTON — Equifax will pay up to $700 million to settle with the U.S. and states over a 2017 data breach that exposed Social Security numbers and other private information of nearly 150 million people. The settlement with the U.S. Consumer Financial Protection Bureau and the Federal Trade Commission, as...
Delta to stock in-flight medical kits with Narcan
Delta Air Lines plans to stock its on-board emergency medical kits with Narcan, which can reverse the effects of opioid overdose, starting this fall. The Atlanta-based airline made the decision earlier this year, spokesman Michael Thomas said. Narcan is a brand name of the medication naloxone. The Association of Flight...
Passengers on Southwest flight get Nintendo Switch
DALLAS — Passengers on a Southwest Airlines flight got more than a small bottle of water when they boarded their plane. They received a Nintendo Switch system and a download code for the digital version of the “Super Mario Maker 2” game to enjoy as Flight 2246 traveled from Dallas...
Fast-growing web of doorbell cams raises privacy fears
The woodsy community of Wolcott, Conn., doesn’t see a lot of crime. But when the police chief heard about an opportunity to distribute doorbell cameras to some homes, he didn’t hesitate. The police who keep watch over the town of 16,000 raffled off free cameras in a partnership with the...
Hempfield company offers 25% discount to clients of closing competitor
Hempfield-based e-waste recycler CyberCrunch is offering a 25% discount to clients of Arrow Electronics, which is closing its IT asset disposition business by the end of the year. Centennial, Colo.-based Arrow Electronics announced on Thursday that it was closing its ITAD business, known as Arrow Sustainable Technology Solutions, because of...
Netflix subscriber drop hints at streaming-service fatigue
NEW YORK — How much is too much for streaming video? A dramatic slowdown in worldwide growth at Netflix — including the first quarterly drop in its U.S. subscribers since 2011 — is raising questions about just how much people are willing to pay for streaming services. Especially with a...
Spreadshirt to add HD printers at Hempfield printing factory
Spreadshirt, the cotton apparel print-on-demand company, says it plans to install $10 million in new printing equipment at its American and European production facilities, including the one in Hempfield. Spreadshirt, founded in 2002 in Leipzig, Germany, operates a branch office and printing factory at 1572 Roseytown Road. The Hempfield facility...
Impossible Foods wants to make your fish fishless
As impossible as it might sound, vegans might soon have a fish option. The company that brought you the Impossible Whopper and Impossible Supreme pizza is testing the waters for a fishless fish. Impossible Foods has focused much of its work on the biochemistry of fish flavor, the New York...
Prime Day buyer’s remorse? Kohl’s accepts Amazon returns now
For anyone now regretting a purchase made during Amazon Prime Days Monday and Tuesday, returns are now easier than shipping it back as long as a Kohl’s store is nearby. The Wisconsin-based retailer now accepts most of Amazon’s returns at all of its stores. Kohl’s started the collaboration with Amazon...
Pet leasing is real and can catch owners by surprise; New Jersey lawmakers want to ban it
Scott and Patricia Smith were looking for a new furry friend at a Middletown, N.J., pet store when they found Chase, a fluffy white Maltese. It was June 2018, five months after their last dog died, and they quickly fell in love with the pup who curled up in Scott’s...
Plant-based food sales rose 11% in 2018, moved beyond niche status
U.S. sales of plant-based foods grew 11% last year as retailers increasingly put them on shelves next to their animal-based counterpart. The annual numbers show where the plant-based market has matured, such as alternative milks, and where it is just getting started, like plant-based eggs. The sales update, published by...
FaceApp lets you look older but prompts safety concerns
If you’ve ever wondered what you’ll look like when you’re older, you’re in luck. There’s an app for that. FaceApp, which first hit the tech scene about two years ago, has resurfaced this week and gone viral again after a new feature was added that allows you to age yourself...
Credit score up? Build credit smarts, too
Consumers’ grasp of credit is the lowest it’s been in eight years, according to an annual survey by credit scoring company VantageScore and the Consumer Federation of America, a nonprofit association of consumer groups. For example, 62% of those surveyed this year knew that everyone has more than one credit...
Appeals court: NYC can ban ads in Uber and Lyft cars
NEW YORK — Drivers for companies like Uber and Lyft in New York City can be banned from displaying advertisements in their vehicles, a federal appeals court said Tuesday. The 2nd U.S. Circuit Court of Appeals said the ban does not violate the First Amendment as it reversed a February...
Retail rivals crash Amazon’s Prime Day party
NEW YORK — The gravitational pull of Amazon Prime Day is so strong on shoppers it’s benefiting other retailers as well, according to an early analysis from a key data group. On Monday, the first day of its 48-hour sales event, large retailers, those that generated annual revenue of at...
John Dorfman: Here’s a different way to find cheap stocks
A telescope is a fine instrument, but not if you need a microscope. In the stock market, as in science, there are different instruments for different purposes. For finding cheap stocks, the most common gauge is the price/earnings (P/E) ratio – a stock’s price divided by the company’s per-share earnings...
China’s growth cools further as tariff war pressures mount
BEIJING — China’s economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world’s second-largest economy grew 6.2% over a year ago, down from the previous quarter’s...
Trump signs order to make American-made goods more American
WASHINGTON — President Trump signed an executive order Monday that will require federal agencies to purchase products using more American components. The order strengthens the standards that federal agencies must follow under the Buy American Act, which creates a preference for American-made goods. Trump said his order will gradually boost...
