LL Bean pleased with 2018 performance, awards bonuses
FREEPORT, Maine — L.L. Bean enjoyed a small increase in sales in the past year, enough so that it’s restoring bonuses for its 5,400 eligible workers, officials said Friday. The Maine-based retailer’s...
View ArticleLyft expects to raise $2 billion in the year’s biggest U.S. IPO
NEW YORK — Lyft officially kicked off the road show for its initial public offering with 30 million shares expected to sell for between US$62 and $68 per share. That would raise more than US$2 billion...
View ArticleFirst-of-its-kind US nuclear waste dump marks 20 years
ALBUQUERQUE, N.M. — In a remote stretch of New Mexico desert, the U.S. government put in motion an experiment aimed at proving to the world that radioactive waste could be safely disposed of deep...
View ArticleIcelandic budget airline WOW Air ceases operations, stranding passengers...
REYKJAVIK, Iceland — Icelandic budget airline WOW Air ceased operations on Thursday, stranding passengers across two continents. In a statement on its website the airline, which had earlier suspended...
View ArticleLyft shares are going crazy in market debut
Lyft’s shares soared as the company went public Friday, giving investors their first chance to bet on the future of the ride-hailing industry. The stock opened at US$87.24, up 21 per cent from its...
View Article3 bodies found in plane crash that killed Russian tycoon
BERLIN — German authorities on Monday recovered the bodies of three people, including one of Russia’s richest women, who were killed in a small plane crash near Frankfurt a day earlier. Russian airline...
View ArticleCourt extends new detention for Nissan ex-chair Ghosn
TOKYO — A Japanese court on Friday approved the detention of former Nissan Chairman Carlos Ghosn through April 14 after his latest arrest over financial misconduct allegations, a move that has raised...
View ArticleEU says BMW, Daimler, VW colluded to limit emissions tech
BRUSSELS — European Union authorities said Friday that German automakers BMW, Daimler and Volkswagen colluded to limit the development of emissions-cleaning technology in cars. The EU antitrust...
View ArticleEnvironmental groups to sue Shell over climate change
THE HAGUE, Netherlands — Climate activists delivered a court summons Friday to oil company Shell in a court case aimed at forcing it to do more to rein in carbon emissions. Friends of the Earth...
View ArticleTrump’s pick to head the World Bank wins election
WASHINGTON — David Malpass, the Treasury official nominated by President Donald Trump to head the 189-nation World Bank, was elected to the job on Friday. Malpass was approved unanimously by the bank’s...
View ArticleElon Musk, SEC told to meet for at least 1 hour about tweets
DETROIT — A federal judge in New York has ordered Tesla CEO Elon Musk and U.S. securities regulators to meet for at least an hour to try and settle a dispute over Musk’s tweets. Judge Alison Nathan...
View ArticleBoeing cutting production rate of troubled 737 Max jet
Boeing is cutting production of its grounded Max airliner this month to focus on fixing flight-control software and getting the planes back in the air. The company said Friday that starting in...
View ArticleNissan shareholders OK ouster of ex-chair Ghosn from board
TOKYO — Nissan’s shareholders ousted the automaker’s former chairman Carlos Ghosn from its board on Monday, seeking to shut the door on an era capped by scandal. More than 4,000 people gathered at a...
View ArticlePinterest sets conservative pricing after Lyft drop
NEW YORK — Pinterest, among the gaggle of tech companies hoping to go public this year, set a conservative price range Monday for its initial public offering. It hopes to raise as much as $1.5 billion...
View ArticleChuck E. Cheese returning to public trading after 5 years
IRVING, Texas — Got some spare tokens? Chuck E. Cheese is returning to the public markets. CEC Entertainment Inc., which owns 750 Chuck E. Cheese and Peter Piper Pizza stores in the U.S. and abroad,...
View ArticleFrom jets to cheese: Trump wants to impose new tariffs on EU
LONDON — The United States wants to tax $11.2 billion worth of EU goods — from airplanes to Gouda cheese — in what some experts say marks another attempt by the Trump administration to use tariffs to...
View ArticleEurope hurt by US trade threats, central bank says
FRANKFURT — Global trade conflicts, including U.S. threats to impose tariffs, are holding back the eurozone economy, the European Central Bank’s president said Wednesday as he underlined its readiness...
View ArticleMost of the Fed see rates staying on hold for all of 2019
WASHINGTON — A majority of Federal Reserve officials last month believed that economic conditions would likely warrant keeping the Fed’s benchmark policy unchanged for the rest of this year. Several...
View ArticleJudge threatens to stop Carnival ships from docking in US
MIAMI — A federal judge has threatened to temporarily block Carnival Corp. from docking cruise ships at ports in the United States as punishment for a possible probation violation. The Miami Herald...
View ArticleBoeing makes 96 flights to test software on troubled Max jet
DALLAS — Boeing has made 96 flights to test a software update for its troubled 737 Max jet, according to the company’s CEO. Dennis Muilenburg said Thursday that more test flights are planned in the...
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