Business

  • Number of motor vehicle fatalities down slightly in 2018
    by The Associated Press on June 17, 2019 at 4:53 pm

    WASHINGTON (AP) — An estimated 36,760 people died in motor vehicle crashes last year, about a 1% decrease from the year before, according to the National Highway Traffic Safety Administration’s Early Estimates of Motor Vehicle Fatalities in 2018. To be included in the NHTSA’s Fatality Analysis Reporting System, a crash must involve a motor vehicle […]

  • Shell fined for explosions, gas leak at Dutch chemical plant
    by The Associated Press on June 17, 2019 at 3:59 pm

    THE HAGUE, Netherlands (AP) — A Dutch court has fined oil giant Shell 2.5 million euros ($2.8 million) for breaching Dutch labor and environmental laws in a case linked to two explosions and a gas leak at a chemical plant south of Rotterdam. The East Brabant court ruled Monday that Shell did not take sufficient […]

  • Fed likely to leave rates alone but signal readiness to cut
    by MARTIN CRUTSINGER on June 17, 2019 at 3:56 pm

    WASHINGTON (AP) — Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference, the message will likely […]

  • Part of bourbon warehouse collapses in western Kentucky
    by The Associated Press on June 17, 2019 at 3:25 pm

    OWENSBORO, Ky. (AP) — Part of a bourbon warehouse in western Kentucky collapsed during a thunderstorm. News outlets report the partial collapse of the O.Z. Tyler Distillery rickhouse was reported early Monday. Master Distiller Jacob Call says around 20,000 barrels are stored at the location and it appears that about 4,000 were affected. He says […]

  • Domino’s teams up with Nuro to test autonomous delivery
    by The Associated Press on June 17, 2019 at 3:25 pm

    ANN ARBOR, Mich. (AP) — Domino’s plans to test pizza delivery using fully autonomous vehicles in Houston. The world’s biggest pizza company is teaming up with Nuro, a Silicon Valley startup that makes unmanned delivery vehicles. Nuro is also partners with Kroger Co. It has been delivering groceries autonomously in Arizona and Houston since late […]

  • Lockheed Martin announces $142M expansion of Arkansas plant
    by The Associated Press on June 17, 2019 at 3:01 pm

    LITTLE ROCK, Ark. (AP) — Lockheed Martin says it is spending $142 million and hiring 326 new workers over the next few years as it expands its south Arkansas facility. The Maryland-based company on Monday announced the expansion of its plant in Camden, about 85 miles (140 kilometers) southwest of Little Rock. The Camden facility […]

  • US stocks edge higher after 2 weeks of gains
    by DAMIAN J. TROISE on June 17, 2019 at 2:34 pm

    NEW YORK (AP) — U.S. stocks edged higher in midday trading on Wall Street Monday following two weeks of gains. Trading remained choppy as uncertainty continued over several ongoing trade disputes and their possible effect on economic growth. Technology companies were among the early gainers. Qualcomm, Facebook and Netflix rose. Retailers also gained ground. Amazon […]

  • Markets Right Now: Stocks rise, building on recent gains
    by The Associated Press on June 17, 2019 at 1:42 pm

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are moving broadly higher on Wall Street as the market builds on two weeks of gains. Technology and communications companies rose more than other sectors in midday trading Monday. Most Read StoriesEmirates negotiations may deal blow to key […]

  • Patrick Drahi taking Sotheby’s private in deal worth $3.7B
    by The Associated Press on June 17, 2019 at 1:29 pm

    NEW YORK (AP) — Billionaire entrepreneur and art collector Patrick Drahi is taking auction house Sotheby’s private in a deal valued at $3.7 billion. Drahi, through his BidFair USA company, will pay $57 per share, which is a 61% premium to the company’s Friday closing stock price. “This acquisition will provide Sotheby’s with the opportunity […]

  • First flight of Boeing’s new 777X delayed at least until the fall
    by Dominic Gates on June 17, 2019 at 1:24 pm

    PARIS, FRANCE — Boeing’s big new 777X jet, the first of which rolled out of the Everett assembly plant in early March, cannot fly until at least the fall because of a problem with the new GE9X engine. The long delay is a blow to Boeing, already struggling to cope with the crisis in its […]