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Business

Business Briefs for Sept. 16

Laney Lu’s Boutique wins Minnesota’s 2019 Boutique of the Year After more than 340,000 votes were cast, Laney Lu’s Boutique of Redwood Falls was recently named Storefront 2019 Boutique of the Year by shoppers. The Boutique Awards is the only global recognition event for independent ...

Illinois lawsuit filed against top e-cigarette maker

CHICAGO (AP) — An Illinois teenager who fell ill with a lung disease after vaping for over a year sued a leading e-cigarette maker on Friday, accusing it of deliberately marketing to young people and sending the message that vaping is cool. Attorneys filed a lawsuit in Lake County Circuit ...

US stock indexes end mixed; S&P 500 notches third weekly gain

The S&P 500 notched its third straight weekly gain Friday, even as the major U.S. stock indexes ended the day mostly lower. A slide in technology stocks, along with losses in consumer-focused and real estate companies, offset solid gains elsewhere in the market, including big Wall Street ...

House votes to bar Arctic drilling; Senate action unlikely

WASHINGTON (AP) — The Democratic-controlled House on Thursday voted to reinstate a decades-long ban on oil and gas drilling in Alaska’s Arctic National Wildlife Refuge — a largely symbolic move aimed at reversing a plan by President Donald Trump to drill in the pristine refuge. The ...

Stocks rise on fresh optimism ahead of US-China trade talks

Stocks rose on Wall Street Thursday after the U.S. and China took steps to ease tensions in their costly trade war, putting investors in a buying mood. Technology, financial and consumer-focused stocks helped power the modest rally, which extended the market’s solid gains from the day ...

Senate OKs Trump nominee Bowman for Federal Reserve

WASHINGTON (AP) — The Senate on Thursday confirmed President Donald Trump's nominee Michelle Bowman to serve a full 14-year term on the seven-member Federal Reserve board. Bowman was approved on a 60-31 vote, winning the support of 49 Republicans and 11 Democrats. Only one Republican, Sen. ...

Tentative opioids settlement falls short of nationwide deal

HARTFORD, Conn. (AP) — A tentative settlement announced Wednesday over the role Purdue Pharma played in the nation’s opioid addiction crisis falls short of the far-reaching national settlement the OxyContin maker had been seeking for months, with litigation sure to continue against the ...

Vaping group plotted lobbying efforts at Trump’s DC hotel

NEW YORK (AP) — America’s vaping industry has in recent years taken its fight to fend off regulation directly to President Donald Trump’s doorstep, with a lobbying group twice booking annual meetings at his Washington hotel and e-cigarette maker Juul hiring two of his former White House ...

US stocks notch solid gains as China eases trade tensions

Stocks notched broad gains on Wall Street Wednesday as investors drew encouragement from China’s move to exempt some U.S. products from a recent round of tariffs. Technology, health care and communication services stocks powered much of the rally. The benchmark S&P 500 index, which had ...

Judge: Travelers can sue TSA over screener mistreatment

PHILADELPHIA (AP) — A U.S. appeals court says travelers can sue the government over mistreatment by federal airport screeners because the agents can act like law enforcement officers, including when they conduct invasive searches. The 9-4 decision Friday by the 3rd U.S. Circuit Court of ...

US stock indexes end mixed to close out a volatile month

Major U.S. stock indexes ended little changed Friday after a listless day of trading ahead of the Labor Day holiday weekend capped a solid week of gains for the market. A late-afternoon flurry of buying gave the S&P 500 its third straight gain. The benchmark index also snapped a string of ...

United removes Boeing Max from schedule until December

United Airlines is again delaying the expected return date for its grounded Boeing 737 Max jets. The airline said Friday that it has removed the Max from its schedule until Dec. 19, six weeks longer than previously planned. United owns 14 Max jets, which have been grounded since March after ...

EPA moves to revoke rules on oil industry methane leaks

WASHINGTON (AP) — The Trump administration moved Thursday to revoke regulations on methane leaks from oil facilities, a proposal environmental advocates said would renounce key federal authority to regulate the climate-damaging gas. The proposed rule follows President Donald Trump’s ...

Opioid settlement would use a formula to split the money

COLUMBUS, Ohio (AP) — The multibillion-dollar settlement that the maker of OxyContin is negotiating to settle a crush of lawsuits over the nation’s opioid crisis contains formulas for dividing up the money among state and local governments across the country, The Associated Press has ...

Dow surges 326 points on hopes for US-China trade talks

Stocks finished with broad gains on Wall Street Thursday, driving the Dow Jones Industrial Average more than 300 points higher. The buying spree gave the market its second straight gain after a wobbly start to the week. The S&P 500 is now on track for its first weekly gain in five ...

Thanks to consumers, economy is rising steadily if slowly

WASHINGTON (AP) — The U.S. economy slowed in the spring, and most analysts expect it to weaken further in the months ahead. Yet the main driver of growth — consumer spending — remains vigorous enough to keep the economy growing steadily if still modestly. Spending by households, which ...

Business Briefs for Aug. 26

Avera Marshall announces new board member Avera Marshall Regional Medical Center welcomes Stephen Crim to its board of directors. Crim is the director of operational strategy for Avera@Home. Prior to joining Avera, he spent 32 years working with Morrell/Smithfield Foods in Sioux Falls. He ...

This means trade war: Is Trump’s economic team up for it?

WASHINGTON (AP) — Facing a trade war against China that has shaken the global economy, President Donald Trump gathered his most trusted economic aides in the Oval Office. The assembled brain trust for Friday’s urgent consultations included an economics chief best known for his stint as a ...

US stocks tumble as US-China trade war rattles investors

The Dow Jones Industrial Average plunged more than 600 points Friday after the latest escalation in the trade war between the U.S. and China rattled investors. The broad sell-off sent the S&P 500 to its fourth straight weekly loss. Stocks tumbled after President Donald Trump responded ...

Walmart to revamp, reopen El Paso store after mass shooting

EL PASO, Texas (AP) — Walmart plans to reopen the El Paso store where 22 people were killed in a shooting earlier this month, the retail giant said Thursday, but the entire interior of the building will first be rebuilt. The renovated store will include an on-site memorial honoring the ...