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  • Guess co-founder steps aside amid misconduct investigation

    NEW YORK (AP) — Guess Inc. says that co-founder Paul Marciano will give up his day-to-day responsibilities at the clothing company until a sexual misconduct investigation is completed. Model and actress Kate Upton told Time magazine earlier this month that Marciano forcibly grabbed her breasts during a Guess photo shoot nearly eight years ago. She […]
  • Trump plan: Less-comprehensive health plans at lower cost

    WASHINGTON (AP) — The Trump administration Tuesday cleared the way for a lower-cost, limited alternative to the comprehensive individual medical plans required under former President Barack Obama’s health law. Proposed regulations from the administration would allow health insurers to sell individual consumers so-called “short-term” policies that can last up to 12 months, have fewer benefits, […]
  • Qualcomm raises bid for NXP to about $43.22B

    Qualcomm is raising its takeover bid for NXP Semiconductors by nearly 16 percent to about $43.22 billion, citing in part NXP’s strong results since the companies first announced their merger in October 2016. The move announced Tuesday comes as Qualcomm itself is in the crosshairs of Broadcom Ltd., which earlier this month raised its own […]
  • Picasso, Monet works up for auction in Rockefeller art trove

    LONDON (AP) — An art collection amassed by billionaire David Rockefeller could raise more than $500 million for charity when it is auctioned this spring. Auctioneer Christie’s is selling hundreds of artworks including major paintings by Claude Monet, Henri Matisse and Pablo Picasso, from the collection of the oil-family scion and his wife Peggy . […]
  • New rules for nursing homes after Irma deaths move slowly

    TALLAHASSEE, Fla. (AP) — New rules for Florida nursing homes after 14 people died from heat exposure in an unpowered center after Hurricane Irma are moving slowly. The Tampa Bay Times reports that after the deaths, Gov. Rick Scott announced nursing homes and assisted living facilities had to install generators within 60 days and have […]
  • Egyptian officials say resumption of Russian flights delayed

    CAIRO (AP) — The planned resumption of Russian flights to Egypt over two years after they were banned by Moscow over security concerns has been postponed until April, Cairo airport officials said Tuesday, citing delays in booking procedures and the reopening of offices of the countries’ national airlines. Modern baggage-scanning equipment has been installed and […]
  • Grocery retailer Albertsons to buy drugstore chain Rite Aid

    The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation’s third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for every 10 shares of […]
  • Report: EU would squeeze US juice, whiskey in trade spat

    BERLIN (AP) — A German newspaper reports the European Union is drawing up a list of U.S. products to target — including orange juice and Kentucky bourbon — if Washington restricts imports of aluminum and steel. The U.S. Commerce Department last week urged President Donald Trump to impose tariffs or quotas on foreign-made metals, citing […]
  • Venezuela’s digital coin makes debut

    CARACAS, Venezuela (AP) — Venezuela on Tuesday will become the first country to launch its own version of bitcoin, a move it hopes will provide a much-needed boost to its credit-stricken economy. Officials say the so-called petro is backed by Venezuela’s crude oil reserves, the largest in the world. Socialist President Nicolas Maduro late last […]
  • Disney unions file federal complaint over promised bonuses

    ORLANDO, Fla. (AP) — A coalition of unions at Walt Disney World Resorts has filed a federal unfair labor practices complaint accusing the company of holding its promised $1,000 bonuses hostage during contract negotiations. The Orlando Sentinel reports Walt Disney Co. announced last month it would give a $1,000 bonus to each employee. But the […]