Business

US, China putting trade war on hold after progress in talks

China US Trade

The world's two biggest economies are pulling back from the brink of a trade war after making...

Business

Boeing-backed startup lands Jetsuite for electric plane's debut

(c) 2018, Bloomberg. Boeing-backed startup Zunum Aero plans to deliver its first hybrid-electric plane in 2022 to JetSuite Inc., setting the stage for a new era in regional flying. JetSuite, a small charter airline with plans to expand a commercial operation nationally, eventually will receive as...


Business

GE jumps as $11.1 billion Wabtec rail deal speeds overhaul

(c) 2018, Bloomberg. General Electric shares rose the most in a month as Chief Executive Officer John Flannery took the biggest step yet in his plan to revitalize the beleaguered manufacturer: merging its century-old locomotive business with Wabtec Corp. in a deal valued at $11.1 billion. GE and...


Business

Lumber prices hit all-time high in Fairbanks amid trade spat

FAIRBANKS, Alaska (AP) — Lumber prices in Fairbanks have hit an all-time high. Fairbanks lumber store Northland Wood is selling sheets of plywood commonly used for the exterior of new homes for $23.50 each, up from $16.95 five years ago, the Fairbanks Daily News-Miner reported . Eight-foot (2.4-...


World

Stars Bardot, Marceau lead fight to amend French food bill

France Animal Welfare

PARIS (AP) — Actresses Brigitte Bardot and Sophie Marceau are leading campaigns for mandatory cameras in French slaughterhouses and a ban on the sale of eggs from caged hens as France’s parliament prepares to debate a food industry bill Tuesday. Thirteen animal rights associations have called on...


World

Social media under microscope in emotive Irish abortion vote

Ireland Abortion

DUBLIN (AP) — In homes and pubs, on leaflets and lampposts, debate is raging in Ireland over whether to lift the country’s decades-old ban on abortion. Pro-repeal banners declare: “Her choice: vote yes.” Anti-abortion placards warn against a “license to kill.” Online, the argument is just as...


Business

Trump pulls back from brink of trade war with China

US China Trade

WASHINGTON (AP) — President Donald Trump on Monday hailed his administration’s temporary truce with China on trade, even as his Treasury secretary and China struck a note of caution on the latest agreement. After high-level talks in Washington last week, Beijing has agreed to “substantially reduce”...


Business

Markets Right Now: Easing trade tensions send stocks higher

Financial Markets Wall Street

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are solidly higher after the U.S. and China appeared to make progress in trade talks. Industrial companies and banks made some of the biggest gains Monday. Boeing rose 3.3 percent and Bank of New...


Government

US Postal Service issuing scratch-and-sniff stamps

Scratch and Sniff Stamps

WASHINGTON (AP) — Letter writers will soon be able to express their sentiments in words and smells. The U.S. Postal Service announced Monday that it will soon issue its first scratch-and-sniff stamps. The stamps feature illustrations of ice pops. The agency says the stamps will “add the sweet scent...


Business

Correction: Earns-Ducommun story

SANTA ANA, Calif. (AP) — In a story May 10 about Ducommun Inc.‘s earnings — generated by Automated Insights using data from Zacks Investment Research — The Associated Press erroneously described the company. Ducommun is an aerospace and defense supplier, not a maker of construction supplies. A...


Business

`Tested by fire,' default veterans kept in charge by Putin

(c) 2018, Bloomberg. Russia’s economy has long moved past the government’s 1998 debt default, but President Vladimir Putin may never get over what a witness to the events calls the “terrible humiliation.” While Russia’s balance sheet is now the envy of emerging markets, the trauma still shapes the...


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