Business

  • Kohl’s puts up big 2Q numbers, and gets punished
    by The Associated Press on August 21, 2018 at 12:06 pm

    MENOMONEE FALLS, Wis. (AP) — Kohl’s breezed past profit and revenue expectations for the second quarter and raised its outlook for the year, only to be punished by investors before the opening bell Tuesday. The reaction on Wall Street was similar last week when Macy’s topped almost all expectations and raised its expectations for the […]

  • Atlanta leaders seek more details on Amazon-sized project
    by The Associated Press on August 21, 2018 at 12:03 pm

    ATLANTA (AP) — As Amazon.com prepares to select its site for a second headquarters, Atlanta leaders want to know more about plans for a colossal development project downtown. Atlanta city council members want to know how much public money will be spent to develop an underused site known as “The Gulch.” More details could emerge […]

  • Moldova mulls new gas contract with Romania, not Russia
    by The Associated Press on August 21, 2018 at 11:48 am

    BUCHAREST, Romania (AP) — Moldova’s government says it will wait for a new Romanian gas pipeline to be built rather than extend a deal with Russian energy company Gazprom. Economy Minister Chiril Gaburici told the TVC21 cable network that the economically-struggling nation, which relies on Russia for gas, will wait for the construction of a […]

  • After bailout Odyssey, Greece ready to be ‘normal’ again
    by NICHOLAS PAPHITIS on August 21, 2018 at 8:31 am

    ATHENS, Greece (AP) — Greece’s eight-year bailout ordeal will forever be bookended by two of the country’s iconic islands. In choosing the western island of Ithaca to declare the end of the bailout era Tuesday, Greek Prime Minister Alexis Tsipras harked back to one of the country’s legendary heroes from antiquity. Picking the western island […]

  • ‘Crazy Rich Asians’ hoopla elicits mixed feelings in Asia
    by DEREK CAI on August 21, 2018 at 8:11 am

    SINGAPORE (AP) — The craze for “Crazy Rich Asians” is hitting Asia, with a premiere in Singapore followed by openings in several neighboring countries later this week. Much of the movie was set in this wealthy city-state. The red carpet premiere Tuesday night for the over-the-top romantic comedy was expected to draw an enthusiastic crowd […]

  • Iran inaugurates new, all-Iranian-made twin-seat fighter jet
    by The Associated Press on August 21, 2018 at 8:01 am

    TEHRAN, Iran (AP) — Iran displayed a new twin-seat fighter jet Tuesday, saying it’s all Iranian-made and with advanced avionics and fire control systems. The country’s president said it would enhance Tehran’s deterrence capabilities in confronting Washington. State television showed President Hassan Rouhani briefly sitting in the plane’s cockpit inside a hangar just before the […]

  • Malaysian PM says China-financed projects canceled
    by CHRISTOPHER BODEEN on August 21, 2018 at 7:40 am

    BEIJING (AP) — Multibillion-dollar China-financed projects in Malaysia have been canceled because they aren’t needed and will saddle the country with an unsustainable amount of debt, Malaysian Prime Minister Mahathir Mohamad told reporters on the final day of a visit to Beijing on Tuesday. Mahathir told Malaysian reporters that both Chinese President Xi Jinping and […]

  • Malaysian state news agency cites Prime Minister Mahathir as saying multibillion-dollar China-financed projects canceled
    by The Associated Press on August 21, 2018 at 7:17 am

    BEIJING (AP) — Malaysian state news agency cites Prime Minister Mahathir as saying multibillion-dollar China-financed projects canceled. […]

  • Global shares mostly gain, focus on China-US talks, Fed
    by YURI KAGEYAMA on August 21, 2018 at 6:34 am

    TOKYO (AP) — Global shares were mostly higher in subdued trading Tuesday, tracking gains in Asia despite doubts over the prospects for resolving the trade dispute between the U.S. and China. KEEPING SCORE: France’s CAC 40 climbed 0.5 percent to 5,406.69 and Germany’s DAX added 0.5 percent at 12,388.87. Britain’s FTSE 100 was virtually unchanged, […]

  • Alaska seafood organization seeks comments on US tariffs
    by The Associated Press on August 21, 2018 at 5:14 am

    KENAI, Alaska (AP) — An Alaska seafood organization is encouraging industry members to comment on the proposed U.S. tariffs on products imported from China that could negatively affect the state’s seafood industry. The Peninsula Clarion reports the Alaska Seafood Marketing Institute is asking members to comment before the September deadline on the proposed tariff increases […]