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  • Amazon, Buffett, JPMorgan pick Gawande to lead health firm

    Three corporate giants seeking to attack rising health care costs have turned to a Harvard professor who has written books about the system’s many flaws. Amazon, JPMorgan Chase and Berkshire Hathaway have named Dr. Atul Gawande CEO of a venture the companies announced earlier this year: an independent company focused on improving the care delivered […]
  • US home sales fell 0.4 percent in May amid inventory crunch

    WASHINGTON (AP) — U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring home-buying. The National Association of Realtors said Wednesday that homes sold at a seasonally adjusted annual pace of 5.43 million in May, the second straight monthly decline. Sales have tumbled 3 percent […]
  • EU to tax Harleys, bourbon and other US goods from Friday

    BRUSSELS (AP) — The European Union will start taxing a range of U.S. imports Friday, including quintessentially American goods like Harley-Davidson bikes and cranberries, in response to President Donald Trump’s decision to slap tariffs on European steel and aluminum. The 28-nation EU’s trade chief, Cecilia Malmstrom, said Wednesday that the bloc would introduce the tariffs […]
  • AMC taking on MoviePass with new movie ticket program

    LEAWOOD, Kan. (AP) — AMC Theatres is rolling out its own movie ticket program as it looks to take on the success of MoviePass. MoviePass, a startup that was letting customers watch a movie a day at theaters for just $10 a month, announced in April that it’s limiting new customers to four movies a […]
  • Markets Right Now: Stocks end mostly higher, though Dow dips

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are ending mostly higher Wednesday, although the Dow Jones industrials are posting a seventh straight loss due to weakness in McDonald’s and Travelers. The Dow slid 42.41, or 0.2 percent, to 24,657.80. It’s fallen 2.6 percent during the […]
  • AMC Theatres unveils $20-a-month rival to MoviePass

    NEW YORK (AP) — AMC Theatres, the world’s largest movie theater chain, on Wednesday unveiled a $20-a-month subscription service to rival the flagging MoviePass. The theater chain announced a new service to its loyalty program, AMC Stubs, allowing subscribers to see up to three movies a week for a monthly fee of $19.95. That’s more […]
  • Fed chair signals gradual rate hikes in tame inflation era

    WASHINGTON (AP) — The U.S. Federal Reserve will likely keep raising short-term interest rates at only a gradual pace, Fed chair Jerome Powell said Wednesday, partly because there are few signs, so far, that the ultra-low U.S. unemployment rate is pushing up inflation. In a speech in Portugal, Powell said that with the unemployment rate […]
  • Over 100 arrested in immigration raid at meatpacking plant

    TOLEDO, Ohio (AP) — More than 100 workers were arrested at an Ohio meatpacking plant by federal agents following a yearlong immigration investigation, the second large raid in the state in the past two weeks. The investigation focused on whether the company knowingly hired people who are in the country illegally and used fake identities […]
  • FDA reconsiders added sugar label for maple syrup, honey

    MONTPELIER, Vt. (AP) — The U.S. Food and Drug Administration is reconsidering its plan to require that pure maple syrup and honey be labeled as containing added sugars. Maple syrup producers had rallied against the plan, saying the nutrition labels updates were misleading, illogical and confusing and could hurt their industries. No sugar is added […]
  • The Mouse chases the Fox: Disney makes $71B counteroffer

    NEW YORK (AP) — The mouse is chasing the fox. Disney is offering more than $71 billion for Fox’s entertainment businesses in a counterbid to Comcast’s nearly $66 billion offer . The battle for Twenty-First Century Fox reflects a new imperative among entertainment and telecommunications firms. They are amassing ever more programming to better compete […]
  • Tariff troubles: Volvo opens 1st US plant in changed economy

    COLUMBIA, S.C. (AP) — Volvo Cars opened its first plant in the U.S. on Wednesday in a much different trade environment than when it announced its expansion across the Atlantic three years ago. The Swedish automaker threw a glitzy party for the reveal of its redesigned S60 sedan, which will roll off a South Carolina […]
  • Beer may lack fizz in Europe amid carbon dioxide shortage

    LONDON (AP) — No beer at this time of year? A British trade group says there’s a shortage of carbon dioxide in Northern Europe, sparking fears that drinks may lack fizz just as thirsty soccer fans fill pubs for the World Cup. Gavin Partington, director-general of the British Soft Drinks Association, says the shortage is […]
  • Flames sweep through barn, killing 5,000 pigs

    COLUMBUS, Ohio (AP) — Authorities are trying to determine what sparked a barn fire that left about 5,000 pigs dead. The fire started Tuesday afternoon at the Straathoff Swine Farm in Ohio. The farm is about 45 miles (72 kilometers) southwest of Columbus. The Fayette County Sheriff’s Office says the flames spread quickly, causing heavy […]
  • The Latest: Merkel says refugees ‘central global question’

    PARIS (AP) — The Latest on global migration and World Refugee Day (all times local): 2:35 p.m. German Chancellor Angela Merkel says that the number of refugees worldwide is “simply unthinkable” and that people fleeing is “a central global question of our time.” The U.N. refugee agency reported Tuesday that nearly 69 million people fleeing […]
  • Hyundai Motor, Audi join hands for fuel cell technology

    SEOUL, South Korea (AP) — Hyundai Motor Group said Wednesday it signed an agreement with Audi AG to jointly develop electronics vehicles powered by fuel cell. Under the multi-year agreement, Hyundai’s affiliates including Kia and Audi’s parent company Volkswagen AG will share components, supply chains and patent licensing. The duration of the partnership wasn’t disclosed. […]