National Briefs
2 are charged with setting off fireworks inside an empty Harvard Medical School building
BOSTON (AP) — Authorities have arrested two Massachusetts men on charges accusing them of setting off fireworks inside an empty Harvard Medical School building last weekend. Federal officials say 18-year-old Logan David Patterson and 20-year-old Dominick Frank Cardoza were in the Boston area for college Halloween parties last weekend when they set off fireworks before dawn on Saturday inside the Goldenson Building and then fled. No one was injured. The two were arrested Tuesday on charges of conspiracy to damage by means of fire or an explosive. Hours later, they were escorted into U.S. District Court in Boston in handcuffs. Judge Jessica Hedges ordered them released pending trial.
Pizza Hut’s parent company says it’s considering selling the chain
(AP) — Pizza Hut could soon be up for sale. Yum Brands, Pizza Hut’s parent company, said Tuesday it’s conducting a formal review of options for the brand, which has struggled to compete in a crowded pizza market. Yum CEO Chris Turner said Pizza Hut has many strengths, including a global footprint and strong growth in many markets. Pizza Hut has nearly 20,000 stores in more than 100 countries, and its international sales were up 2% in the first nine months of this year. China is its second-largest market outside the U.S. But Pizza Hut gets nearly half its sales from the U.S., where it has around 6,500 stores, and U.S. sales fell 7% in the same period. Pizza Hut was long saddled with large, outdated dine-in restaurants at a time when consumers wanted fast pickup and delivery.
US Steel details plans to invest $11 billion by 2028 across all business segments
NEW YORK (AP) — United States Steel on Tuesday detailed its billion-dollar multiyear growth plan with new owner Nippon Steel that includes modernizing the century-old steelmaker. The announcement comes just five months after Nippon Steel finalized a ” historic partnership ” with the Pittsburgh steelmaker in a deal worth nearly $15 billion. That deal included a “golden share” provision that gave the federal government the power to appoint a board member and a say in some company decisions. The combined company became the world’s fourth-largest steelmaker, and Nippon agreed to invest $11 billion to upgrade U.S. Steel’s facilities. Tuesday the company said it will make the investments by the end of 2028. The plan targets unlocking $2.5 billion in savings from capital investments and another $500 million from operational efficiencies.
At least 3 dead, 11 injured in UPS plane crash in Kentucky
LOUISVILLE, Ky. (AP) — At least people are 3 dead and 11 injured after UPS plane crashed in Kentucky. The governor says Tuesday those numbers are likely to grow. The Federal Aviation Administration said the plane crashed about 5:15 p.m. as it was departing for Honolulu from Louisville’s Muhammad Ali International Airport. Video showed flames on the plane’s left wing and a trail of smoke. The plane then lifted slightly off the ground before crashing and exploding in a huge fireball. Video also revealed portions of a building’s shredded roof next to the end of the runway.
