Samsung’s new smartphone illustrates the limits of innovation at time when hardware advances have slowed. The new phone, the Galaxy Note 9, will be faster and will last longer without a recharge. But while earth-shattering new features are in short ...
Read More »Rite Aid, Albertsons call off merger deal ahead of vote
Rite Aid and the grocer Albertsons called off an agreement to become a single company with the deal facing shaky prospects in a shareholder vote. Shares of the drugstore chain plunged after markets opened Thursday. The owner of Safeway and ...
Read More »US producer prices flat in July, restraining inflation
U.S. wholesale prices were unchanged in July after two months of large increases, a sign inflation pressures may have softened. The Labor Department said Thursday that the producer price index — which measures price changes before they reach the consumer ...
Read More »Bellerive eager to produce memorable PGA Championship
Bellerive Country Club is considered one of the “Big Four” of traditional, exclusive St. Louis-area clubs, a picturesque parkland course designed by Robert Trent Jones serving as its centerpiece. For a while, big events bolstered its reputation. Gary Player won ...
Read More »China exports accelerated in July despite rise in US tariffs
China’s exports to the United States surged last month as its merchants rushed to fill orders ahead of a jump in U.S. tariffs on Chinese goods. Its shipments to the United States climbed 13 percent in July from a year ...
Read More »CVS Health tops 2Q forecasts, downplays help from rebates
CVS Health detailed a better-than-expected second quarter Wednesday and then reassured investors that it doesn’t depend heavily on much-criticized prescription drug rebates that regulators may eliminate. Shares of the drugstore chain and pharmacy benefit manager climbed after CEO Larry Merlo ...
Read More »Sinclair, Tribune in talks to overcome regulatory hurdles
The Sinclair broadcasting company says it’s in talks with Tribune Media on how to overcome regulatory hurdles to its $3.9 billion deal to buy Tribune’s 42 TV stations. The deadline for either party to walk away from the deal is ...
Read More »US stocks keep climbing; technology companies lead
U.S. stocks are rising again Tuesday as strong company earnings lift the market. The benchmark S&P 500 index is up for the fourth day in a row and fifth out of the last six. Technology companies and banks are making ...
Read More »Open jobs outnumber US unemployed for 3rd straight month
U.S. employers posted slightly more openings in June than the previous month, resulting in more available jobs than unemployed people for the third straight month, signaling a solid economy. The Labor Department said Tuesday that job openings barely increased, rising ...
Read More »US probes Ford F-150 fires possibly caused by seat belts
U.S. safety investigators are looking into complaints of fires that may have been caused by the seat belts in Ford F-150 pickup trucks. The investigation covers trucks from the 2015 through 2018. Ford sold about 2 million F-150s during those ...
Read More »Icahn warns Cigna investors on Express Scripts deal
Carl Icahn is urging Cigna shareholders to reject the health insurer’s attempted multi-billion dollar takeover of Express Scripts, saying it’s paying too much for a company with a shaky future. The billionaire and activist investor warned that Express Scripts, a ...
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