News

Business

Hormel said to mull bid for $600 million Chinese wasabi maker

(c) 2018, Bloomberg. Hormel Foods Corp., the maker of Spam canned meat and Skippy peanut butter, is among suitors studying potential bids for Chinese condiment producer Jiahao Foods, people with knowledge of the matter said. Chinese buyout firm Citic Capital is also weighing an offer for Jiahao...


State

Pac-12's 5 new coaches wrap up spring practices

Spring Wrap Pac-12 Football

PHOENIX (AP) — The Pac-12 has five new coaches this season, so there was extra importance placed on spring football at UCLA, the two Arizona schools and the two Oregon schools. After months of talking about how they would do things differently, the new coaches had a chance to implement their...


Business

Anger over banks' gun policies snags $600M road plan

BATON ROUGE, La. (AP) — Louisiana’s plans to finance about $600 million in interstate projects got tangled up Thursday in a dispute over moves by two banking giants to restrict gun sales by their business customers. The State Bond Commission, which regulates the roadwork financing plans, disagreed...


Business

1st-quarter U.S. GDP pothole seen as less deep than recent years

(c) 2018, Bloomberg. The U.S. economy probably hit its usual first-quarter pothole, and we’re about to find out how deep it was this time. Gross domestic product grew at a 2 percent annualized rate over the past three months, a step down after three straight quarters exceeding or near a 3 percent...


Business

Facebook and other big tech stocks rally as US indexes climb

Hong Kong Financial Markets

NEW YORK (AP) — U.S. stocks are rising Thursday as Facebook leads a big rally for technology companies. The social media platform jumped after its recent data privacy scandal didn’t appear to affect business in the first quarter. Other big technology companies also moved higher, as did retailers....


Business

The Latest: MGM, Wynn tamp down Boston casino intrigue

Massachusetts Gambling MGM

BOSTON (AP) — The Latest on MGM’s plans to open a casino in Massachusetts (all times local): 1 p.m. Executives for MGM and Wynn are tamping down speculation the companies are quietly in talks over Wynn’s Boston-area casino. MGM Resorts International CEO Jim Murren said Thursday it would have to be...


Business

Why all your favorite apps are serving you new privacy prompts

(c) 2018, The Washington Post. Users of Facebook, Google and other popular technology platforms are likely to benefit from stricter privacy regulations that, beginning next month, will require new disclosures, new forms of consent and new power to limit how personal data is stored and utilized. The...


Government

Trump rips Comey, says he won't be involved in Russia probe

Trump Russia Probe Mueller

WASHINGTON (AP) — President Donald Trump insisted Thursday that he “won’t be involved” in the special counsel investigation into Russian election meddling, even as he warned he could change his mind, blasted his own Justice Department and accused former FBI Director James Comey of lying about...


Business

US lawmakers assail EPA chief over ethical missteps

EPA Pruitt-2

WASHINGTON (AP) — Lawmakers assailed Environmental Protection Agency chief Scott Pruitt on Thursday for the ethics and spending scandals that have prompted bipartisan calls for his ouster. On the defensive, the EPA chief said “half-truths” and “twisted” allegations were an effort to undermine the...


Business

Chipotle rises most since 2006 as investors warm to new CEO

(c) 2018, Bloomberg. It’s a new day for Chipotle Mexican Grill, and ideas that the company previously spurned -- such as drive-throughs and new menu items -- are now on the table. Shareholders are energized by these new potential ingredients in the burrito chain’s business mix, sending the stock up...


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