News

Business

Slowing online sales send Walmart's stock tumbling nearly 10 percent

(c) 2018, The Washington Post. For months now, Wall Street has rewarded Walmart for engineering the kind of e-commerce turnaround that has eluded so many traditional retailers. But when the merchandising giant reported Tuesday that online growth had slowed during the critical holiday season,...


Business

US floods market with $179 billion of debt in just one day

(c) 2018, Bloomberg. The U.S. Treasury on Tuesday sold $179 billion of securities as it works to rebuild its cash balance, with yields at its auctions of three-month and six-month debt rising to levels unseen since 2008. The government auctioned $51 billion of three-month bills at a yield of 1.64...


National

Investors are winners as companies lay out tax-saving plans

Tax Overhaul Corporate Spending

NEW YORK (AP) — It’s just what the GOP said we’d hear from a CEO after being handed a big tax break. But when Charles Scharf announced plans last month to spend his company’s tax savings on higher wages and technology, investors began selling. The Bank of New York Mellon CEO said he had a...


Government

Trump Administration Proposes Rule To Loosen Curbs On Short-Term Health Plans

Insurers will again be able to sell short-term health insurance good for up to 12 months under a proposed rule released Tuesday by the Trump administration that could further roil the marketplace. This Kaiser Health News story can be republished for free ( details ). “We want to open up affordable...


World

Insiders: Russia troll farm even zanier than indictment says

Russia Trump Probe

MOSCOW (AP) — A Clinton-Obama sex tape using body doubles. A Facebook page promoting Texas independence riddled with grammatical mistakes. Islamic State anthems blasting out during the nightshift. The U.S. indictment centered on a Russian troll farm only scratches the surface of the St. Petersburg...


Business

Guess chairman cedes day-to-day duties after Upton accusation

(c) 2018, Bloomberg. Guess Inc. Chairman Paul Marciano is relinquishing his day-to-day duties at the company in the wake of sexual-harassment accusations by model Kate Upton and other women. The board and Marciano agreed that he should step away from the business -- without drawing a salary --...


Business

Preventive treatment for peanut allergies succeeds in study

Peanut Allergy Treatment

The first treatment to help prevent serious allergic reactions to peanuts may be on the way. A company said Tuesday that its daily capsules of peanut flour helped children tolerate nuts in a major study. Millions of children have peanut allergies, and some may have life-threatening reactions if...


State

Outspoken Utah Democrat won't seek re-election

DUI Threshold-1

The Salt Lake City state senator said in a statement Tuesday he’s stepping down after six years.


State

Bundy to speak to Independent American Party of Nevada

SPARKS, Nev. (AP) — Southern Nevada rancher and state’s rights activist Cliven Bundy has agreed to give the keynote speech on Friday at the Independent American Party of Nevada’s state convention in Sparks. Party officials announced Tuesday Bundy’s wife, Carol, and son, Ryan, also plan to attend...


Business

Getting a new iPhone battery is often a frustrating, weeks-long process

(c) 2018, The Washington Post. Some people across the country are reporting that they’re having a tough time getting their iPhone batteries replaced through Apple’s battery replacement program that launched after the company admitted that it slows down phones with older batteries to preserve the...


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