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The Spokesman-Review Newspaper

Sunday, January 20, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: national-business


UPDATED: Thu., Jan. 10, 2019, 1:39 p.m.

Eddie Lampert raises offer to keep Sears open to more than $5 billion

Eddie Lampert’s ESL Investments is sweetening its offer to keep Sears Holdings Corp. in business, outlining a $5 billion plan to buy the retailer out of bankruptcy.


Jaguar Land Rover to cut 4,500 jobs, starting in Britain

Jaguar Land Rover said Thursday it will cut 4,500 jobs as the carmaker addresses slowing demand in China and growing uncertainty about the U.K.’s departure from the European Union.


UPDATED: Wed., Jan. 9, 2019, 4:41 p.m.

Stocks post 4th straight gain as hopes build on China trade

Stocks cinched their fourth consecutive gain Wednesday as indexes around the world build on their early 2019 rally. The gains for U.S. indexes faded slightly after President Donald Trump and …


UPDATED: Tue., Jan. 8, 2019, 3:13 p.m.

Stocks rise again as investors hope for trade breakthrough

Stocks rise for the third day in a row, led by industrial, technology, internet and energy companies as representatives from the U.S. and China continue their latest round of trade …


UPDATED: Tue., Jan. 8, 2019, 7:41 p.m.

Samsung, like Apple, feels sting of slowing global growth

Samsung expects its quarterly operating profit to fall 29 percent compared with last year, potentially unsettling a tech sector already skittish about slowing global economic growth.


UPDATED: Mon., Jan. 7, 2019, 4:23 p.m.

No words: Mastercard to drop its name from logo

The company is removing the word Mastercard from the pair of interlocking red and yellow circles where it has resided for more than 50 years.


UPDATED: Mon., Jan. 7, 2019, 5:06 p.m.

Kroger, Microsoft create futuristic grocery store. Amazon, take note.

Kroger Co. and Microsoft are joining forces to bring the ease of online shopping to brick-and-mortar grocery stores.


UPDATED: Mon., Jan. 7, 2019, 4:43 p.m.

Eli Lilly to spend about $8B on Loxo Oncology

Eli Lilly is spending about $8 billion in cash to buy Loxo Oncology, as the drugmaker seeks to bulk up on cancer treatments that target certain gene abnormalities. Loxo Oncology’s …


UPDATED: Mon., Jan. 7, 2019, 4:41 p.m.

CBS News president steps down, replaced by veteran producer

CBS said Sunday that its news division president, David Rhodes, is stepping down following a troubled year that saw morning anchor Charlie Rose and the top executive at “60 Minutes” …


Seattle City Council members heading to New York City to share Amazon ‘lessons, mistakes’

Two Seattle City Council members are scheduled to appear Monday in New York City at a summit set up by unions and community groups that oppose Amazon’s plan to expand …


Startups can lead kids to water but it’s harder to make them drink

Most kids don’t drink enough water, according to a 2015 study in the American Journal of Public Health. But they’re so accustomed to sugary drinks that they find clear, unsweetened …


UPDATED: Sun., Jan. 6, 2019, 9:31 a.m.

Alaska Airlines flights back in the air after power outage

Alaska Airlines flights are back in the air after a nationwide ground stop that was apparently caused by a power outage.


Motley Fool: A buy-and-hold contender

Amazon shares were recently down about 34 percent from their 52-week highs, and there’s good reason to believe that buying now could pay off handsomely in the long run.


UPDATED: Thu., Jan. 3, 2019, 3 p.m.

For-profit college owner agrees to end $500M in student debt

A company that owns two national for-profit college chains said Thursday that it will erase nearly $500 million in debt incurred by former students as part of a settlement with …


UPDATED: Wed., Jan. 2, 2019, 11:20 a.m.

Netflix criticized for yanking comedian’s episode in Saudi Arabia

Netflix faced criticism Wednesday from human rights groups for pulling an episode in Saudi Arabia of comedian Hasan Minhaj’s “Patriot Act” series that criticized the kingdom’s powerful crown prince.


UPDATED: Wed., Jan. 2, 2019, 4:37 p.m.

Stocks waver after an early drop as markets stay volatile

The roller coaster ride on Wall Street resumed on Wednesday, the first trading day of the new year, as stocks plunged in the morning and then climbed much of the …


UPDATED: Wed., Jan. 2, 2019, 1:42 p.m.

Tesla cuts prices as 4Q deliveries miss analysts’ estimates

Shares of electric car and solar panel maker Tesla Inc. tumbled Wednesday morning after the company cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of …


UPDATED: Tue., Jan. 1, 2019, 9:31 p.m.

Tri-City company awarded $152 million Hanford contract

The Department of Energy has awarded a Hanford contract valued at up to $152 million to a Kennewick company.


UPDATED: Tue., Jan. 1, 2019, 9:41 p.m.

Hawaii avocado industry expects growth as exports begin

Shipments of Sharwil avocados from Hawaii and their resulting profits could expand exponentially in coming years, industry officials said.


Get ready for ‘explosive’ grain market as shutdown quiets USDA

As the partial U.S. government shutdown enters its second week, the lack of data from the U.S. Department of Agriculture is sending market participants to Twitter and other sources to …


Mega Millions jackpot swells to $415 million for New Year’s Day drawing

It’s been a record-breaking, memory-making year for Mega Millions. Yet as 2018 closes, the lottery game is bringing on 2019 with a bang.


UPDATED: Mon., Dec. 31, 2018, 8:10 p.m.

Markets stage late rally but 2018 decline still worst in a decade

U.S. markets trimmed 2018 losses in a Monday rally, but it was not enough to prevent the worst yearly decline for stocks since 2008.


Tesla names two new directors

Tesla announced two new independent directors Friday, naming Oracle founder Larry Ellison and Kathleen Wilson-Thompson, a Walgreens Boots Alliance executive, to its board.


In Cornwall, shortage of pub hands shows the future of work after Brexit

Cornwall, the southwest peninsula of Britain, is struggling to find enough bartenders to serve the millions who flock to the rocky coastline every year. This gets to the heart of …


Canada battery maker says flow storage costs to tumble by half

CellCube Energy Storage Systems Inc., a Canada-listed maker of batteries that can last for as long as two decades, said the cost of its technology may halve within four years, …


UPDATED: Mon., Dec. 24, 2018, 6:19 p.m.

Walmart heirs promote charter schools among black community

Amid fierce debate over whether charter schools are good for black students, the heirs to the Walmart company fortune have been working to make inroads with advocates and influential leaders …


Looking for a socially-conscious holiday gift? You may have to decide between principles and price.

Byrne’s conundrum is one shared by shoppers wanting to support eco-friendly, social-justice oriented or politically-savvy brands without breaking the bank. Especially around the holidays, retailers make a point of promoting …


UPDATED: Sun., Dec. 23, 2018, 9:49 p.m.

WeWork keeps pushing. Now landlords and rivals are pushing back.

WeWork Cos. is increasingly stepping on the turf of landlords and real estate brokers – and the industry is starting to push back.


Strength in U.S. growth at end of year likely to fade in 2019

The Commerce Department estimated Friday that the economy, as measured by the gross domestic product, grew at a brisk 3.4 percent annual percent rate in the July-September quarter. That


UPDATED: Thu., Dec. 20, 2018, 5:45 p.m.

Dow sinks another 400 points as slowdown fears worsen

Stocks went into another slide in what is shaping up as the worst December on Wall Street since the depths of the Great Depression.