January 18, 2020

Daily Leader Extra : Business

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Business

Starbucks, home of the $4 latte, is moving into poor areas

DETROIT (AP) -- Starbucks has a point to prove: There's more to the company than selling $4 lattes to rich people.

Recent Headlines

Thursday 01/16/2020
Nation's largest retail trade group: holiday sales rose 4.1%

NEW YORK (AP) -- The nation's largest retail trade group says holiday sales increased 4.1%, the top end of its forecast.

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Wednesday 01/15/2020
Volkswagen hits record sales in bid to top auto industry

FRANKFURT, Germany (AP) -- Volkswagen has announced record annual sales that could determine whether it keeps its crown as the world's largest automaker.

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Tuesday 01/14/2020
MGM Resorts selling MGM Grand real estate assets for $2.5 billion

LAS VEGAS (AP) -- MGM Resorts International is selling the real estate assets of the MGM Grand on the Las Vegas Strip to a joint venture for about $2.5 billion.

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Monday 01/13/2020
China auto sales fall again in 2019 amid trade war

BEIJING (AP) -- China's auto sales fell for a second year in 2019 as a trade war with Washington and an economic slowdown depressed consumer confidence and demand for electric vehicles weakened, an industry group reported Monday.

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Friday 01/10/2020
Ghosn's lawyer slams minister's gaffe on proving innocence

TOKYO (AP) -- A lawyer for Carlos Ghosn, Nissan's former chairman who skipped bail in Japan and fled to Lebanon, on Friday slammed a gaffe by the Japanese justice minister who said that Ghosn should "prove" his innocence.

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Thursday 01/09/2020
Soaring pork prices keep China's inflation at 7-year high

BEIJING (AP) -- Soaring pork prices that nearly doubled in December over a year ago kept inflation at a seven-year high despite government efforts to ease meat shortages caused by a disease outbreak, official data showed Thursday.

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Wednesday 01/08/2020
Japan issues arrest warrant for Nissan ex-chair's wife

TOKYO (AP) -- Tokyo prosecutors obtained an arrest warrant Tuesday for former Nissan chairman Carlos Ghosn's wife on suspicion of perjury, adding to the couple's legal troubles in the country where he once was revered as a star executive.

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Tuesday 01/07/2020
Tesla delivers first Chinese-made Model 3 to customers

BEIJING (AP) -- Tesla's Shanghai factory delivered its first cars to customers Monday and chief executive Elon Musk said the electric automaker plans to set up a design center in China to create a model for worldwide sales.

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Monday 01/06/2020
Oil price keeps rising as industry eyes Iran-US conflict

PROVIDENCE, Rhode Island (AP) -- The global benchmark for crude oil rose above $70 a barrel on Monday for the first time in over three months, with jitters rising over the escalating military tensions between Iran and the United States.

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Friday 01/03/2020
U-Haul International to stop hiring smokers in 21 states

PHOENIX (AP) -- U-Haul International has announced plans to stop interviewing and hiring nicotine users, including people who use e-cigarettes and vaping products.

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Tuesday 12/31/2019
After ebullient 2019, Wall Street warns of slower road ahead

NEW YORK (AP) -- After a year of nirvana, investors may need to get ready for something a little more normal.

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Friday 12/27/2019
Calif. law will force small businesses to rethink staffing

NEW YORK (AP) -- A California law that makes it harder for companies to treat workers as independent contractors takes effect next week, forcing small businesses in and outside the state to rethink their staffing.

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Thursday 12/26/2019
Online sales make up a larger portion of overall sales again

NEW YORK (AP) -- More people did their shopping online this year during one of the shortest holiday shopping seasons in years, helping to push total sales higher.

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Tuesday 12/24/2019
Boeing ousts its CEO after two deadly 737 Max crashes

NEW YORK (AP) -- Boeing ousted CEO Dennis Muilenburg on Monday with no end in sight to the crisis that has engulfed the vaunted American aircraft manufacturer since the crash of two of its 737 Max airliners.

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Monday 12/23/2019
Catalog retailers see reason for optimism after declines

PORTLAND, Maine (AP) -- Catalogs, those glossy paper-and-ink offerings of outdoor apparel, kitchenware and fruit baskets, are not yet headed for the recycling bin of history.

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Friday 12/20/2019
United pulls 737 Max until June, adding to Boeing woes

NEW YORK (AP) -- United Airlines says the Boeing 737 Max has been pulled from its flight schedule until June, the latest in a string of troubling news plaguing the airplane manufacturer.

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Thursday 12/19/2019
Toyota unveils upgraded version of its humanoid robot

TOKYO (AP) -- Toyota Motor Corp. has unveiled an upgraded version of its human-shaped T-HR3 robot. The robot, which is controlled remotely by a person wearing a headset and wiring on his or her arms and hands, now has faster and smoother finger movements because the controlling device is lighter and easier to use.

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Wednesday 12/18/2019
Microsoft keeps building in N Carolina with 500 more jobs

RALEIGH, N.C. (AP) -- Microsoft Corp. plans to further expand its North Carolina workforce with 500 new jobs in the Raleigh-Durham area announced on Tuesday, less than two months after the software and cloud-computing giant unveiled additional positions for Charlotte.

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Tuesday 12/17/2019
Ripples from Boeing's 737 Max troubles begin to spread

Acknowledging that it will take longer to get the 737 Max back in the air, Boeing plans to suspend production of its marquee jet next month in a decision that could ripple across the entire U.S. economy.

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