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The latest business news delivered in a convenient, AD-FREE, easy-to-read stream. Brought to you by News Plexus, a pioneer in sustainable news publishing.

The latest business news delivered in a convenient, AD-FREE, easy-to-read stream. Brought to you by News Plexus, a pioneer in sustainable news publishing.
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NewsPlexus Media September 5, 2019

Judge orders Anheuser-Busch to halt 'corn syrup' labels
A federal judge on Wednesday ordered Anheuser-Busch to stop using Bud Light packaging that implies rival brews made by MillerCoors contain corn syrup. The order extends an injunction issued in May that barred Anheuser-Busch from making those claims in television, billboard and print advertising.
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NewsPlexus Media September 5, 2019

Carmakers to add alerts to prevent child heatstroke deaths
By the 2025 model year, nearly all new vehicles sold in the U.S. will come with electronic alerts to remind people to not leave children behind in the back seats. Twenty automakers representing 98% of new vehicles sold have agreed to install reminders in an effort to stop heatstroke deaths. So far this year 39 children have died in the U.S. after being left alone in cars during hot weather. The advocacy group Kids and Cars says a record 54 children were killed last year.
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NewsPlexus Media September 4, 2019

Walmart introduces new gun restrictions but will they help?
Walmart has won praise from gun control advocates for its decision to discontinue sales of certain gun ammunition and request that customers no longer openly carry firearms in its stores. But whether the moves will translate into fewer guns on the street remains an open question.
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NewsPlexus Media September 4, 2019

Walmart to stop some ammo sales, ask to not open carry guns
Walmart says it will stop selling handgun and short-barrel rifle ammunition, while requesting that customers not openly carry firearms in its stores, even where state laws allow it. The announcement comes just days after a mass shooting claimed seven lives in Odessa, Texas, and follows back-to-back shootings last month, one of them at a Walmart store.
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NewsPlexus Media September 3, 2019

Survey: US manufacturing activity contracted in August
U.S. factory activity shrank in August for the first time since August 2016, a sign that the trade war with China is weighing down a crucial sector of the economy. The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index slid to 49.1 last month, from 51.2 in July. Any reading below 50 signals a contraction. That's the lowest for the index since January 2016.
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NewsPlexus Media September 3, 2019

Niche home-sharing sites roll out welcome mat for minorities
Every few months, social media lights up with a story or viral video about discrimination in home-sharing: A host kicks out a black guest or cancels a gay couple's booking or doesn't respond to a Muslim woman's inquiry. The dominant brands — Airbnb, Booking.com and VRBO — work quickly to contain the damage. They may ban the host, find new housing for the guests and remind followers of their anti-bias policies. But a handful of smaller competitors are trying to ease fears of discrimination by catering to specific minority groups, and this alternate approach has carved out a small but thriving piece of the home-sharing market.
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NewsPlexus Media September 3, 2019

In escalating trade war, US consumers may see higher prices
The United States and China on Sunday put in place their latest tariff increases on each other's goods, potentially raising prices Americans pay for some clothes, shoes, sporting goods and other consumer items before the holiday shopping season. President Donald Trump said U.S.-China trade talks were still on for September. "We'll see what happens," he told reporters as he returned to the White House from the Camp David presidential retreat. "But we can't allow China to rip us off anymore as a country."
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NewsPlexus Media September 2, 2019

Marriott banning little shampoo bottles by 2020
Marriott International, the world's largest hotel chain, said Wednesday it will eliminate small plastic bottles of shampoo, conditioner and bath gel from its hotel rooms worldwide by December 2020. They'll be replaced with larger bottles or wall-mounted dispensers, depending on the hotel. The move follows a similar announcement last month by IHG, which owns Holiday Inn, Kimpton and other brands.
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NewsPlexus Media September 2, 2019

Lord & Taylor sold for $100M to rental clothing company
Lord & Taylor, one of the nation's oldest department stores, is being sold for $100 million to a rental clothing company. Le Tote Inc. is buying the company from Hudson's Bay Co., which gets a minority stake in Le Tote and will control two seats on its board.
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NewsPlexus Media September 2, 2019

Pinterest to direct vaccine-related searches to health orgs
Pinterest said Wednesday it will try to combat misinformation about vaccines by showing only information from health organizations when people search. Social media sites have been trying to combat the spread of misinformation about vaccines. Pinterest previously tried blocking all searches for vaccines with mixed results.
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NewsPlexus Media August 29, 2019

Apple apologizes for use of contractors to eavesdrop on Siri
Apple is apologizing for allowing outsiders to listen to snippets of people's recorded conversations with its digital assistant Siri, a practice that undermined its attempts to position itself as a trusted steward of privacy. As part of the apology posted Wednesday, Apple reiterated an earlier pledge to stop keeping audio recorded through Siri unless consumers give their permission.
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NewsPlexus Media August 29, 2019

McDonald's offering harassment training to all US workers
McDonald's is introducing a new training program for its U.S. employees after dozens of workers complained about sexual harassment. The Chicago-based company said Wednesday that its franchisees have committed to provide the training — a combination of online work and in-person discussions — to 850,000 employees. Beginning in October, it will educate workers about harassment and bullying, tell them how to report it, teach them ways to diffuse situations with customers or co-workers and discuss what bystanders can do.
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NewsPlexus Media August 29, 2019

Target teams up with Disney to open shops
Target is hoping to bring the magic of such characters as Mickey Mouse and Elsa to its own customers by opening permanent Disney shops at a cluster of stores starting this fall. As part of the collaboration with The Walt Disney Co., the Minneapolis-based discounter says it will open 25 Disney-branded stores starting on Oct. 4, with 40 additional locations opening by October 2020.
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NewsPlexus Media August 28, 2019

Trump order on China will hurt us, small businesses say
Although President Donald Trump has told U.S. companies to stop dealing with China, small business owners say complying would hurt, even devastate them.
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NewsPlexus Media August 28, 2019

US exports to lobster-loving China go off cliff amid tariffs
U.S. lobster exports to China have fallen off a cliff this year as new retaliatory tariffs shift the seafood business farther north. China, a huge and growing customer for lobster, placed heavy tariffs on U.S. lobsters in July 2018 amid rising trade hostilities between the Chinese and the Trump administration. Meanwhile, business is booming in Canada, where cargo planes are coming to Halifax, Nova Scotia, and Moncton, New Brunswick, to handle a growing bump in exports.
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NewsPlexus Media August 28, 2019

KFC partners with Beyond Meat
Kentucky Fried Chicken plans to test plant-based chicken nuggets and boneless wings Tuesday at one of its restaurants in Atlanta. Depending on customer feedback, the chain could expand the test to other markets.
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NewsPlexus Media August 27, 2019

Retailers' results show sharp divide between losers, winners
The divide between retail winners and losers is widening. That became even more evident Wednesday with the latest batch of earnings reports: Big-box stores and off-price retailers have been responding faster to shoppers' increasing shift online with expanded deliveries and better merchandise. But many mall-based clothing chains and department stores continue to suffer weak sales as they struggle to lure in shoppers.
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NewsPlexus Media August 27, 2019

Facebook rolls out tool to block off-Facebook data gathering
Soon, you could get fewer familiar ads following you around the internet — or at least on Facebook. Facebook is launching a long-promised tool that lets you limit what the social network can gather about you on outside websites and apps.
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NewsPlexus Media August 27, 2019

Target thrives in intense retail environment
Target topped expectations in just about any way measureable during the second quarter as it pushed faster delivery for customers and invested heavily in new private label brands. Comparable store sales, which include online sales, rose 3.4 % as customer traffic jumped 2.4%. The measure includes sales at stores open at least a year and online sales. Sales at established stores rose 1.5 %. Online sales soared 34%.
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NewsPlexus Media August 27, 2019

Shootings raise level of alarm at small businesses
The shootings in public places in recent years have made many small business owners and managers aware that they and their staffers need to be educated about workplace violence. They need to know not only how to improve their chances of survival but also how to recognize any warning signs, a possibility if the assailant is a current or former employee or is involved in a domestic dispute with an employee. Security consultants and human resources providers say they're getting more inquiries and requests for training sessions following this month's shooting that killed 22 people and wounded dozens of others in an El Paso, Texas, Walmart than they did after previous mass shootings.
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NewsPlexus Media August 27, 2019

US has 501,000 fewer jobs than first reported
The U.S. job market isn't quite as strong as originally believed — with revised figures showing that the economy had 501,000 fewer total jobs this March than initially reported.
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NewsPlexus Media August 22, 2019

Economic twilight zone: Bonds that charge you for lending
Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you'll lose. Sounds absurd, but increasingly that's the global bond market these days. A rising share of government and corporate bonds are trading at negative interest yields — a financial twilight zone that took hold after the financial crisis and has accelerated on fear that a fragile global economy will be further damaged by the U.S.-China trade war.
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NewsPlexus Media August 22, 2019

Autonomous vehicle company Waymo to test in Florida rain
Google autonomous vehicle spinoff Waymo says it will start testing on public roads in Florida to better experience heavy rain.
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NewsPlexus Media August 22, 2019

Uber to open regional hub in Dallas, resulting in 3,000 jobs
Uber will receive a $24 million incentive package from Texas officials and open a new administrative hub in Dallas, bringing with it about 3,000 jobs, Gov. Greg Abbott announced Tuesday. The offices that will open in the historic Deep Ellum section of Dallas will house various corporate functions, officials said.
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NewsPlexus Media August 22, 2019

Execs starting to worry about tariffs' effects on consumers
Americans continue to shop, vacation and buy cars at a brisk clip. But corporate America is starting to worry out loud that President Donald Trump's tariffs will depress consumer spending and undermine the economy. Home Depot, the nation's largest home improvement chain, said as much on Tuesday, when it reported higher-than-expected profits for the quarter but cut its sales expectations for the year, citing the tumbling price of lumber and the "potential impacts to the U.S. consumer arising from recently announced tariffs."
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NewsPlexus Media August 22, 2019

Monopoly maker Hasbro to cut plastic use in toy packaging
Hasbro is giving plastic packaging the boot. The toy maker said Tuesday that all its packaging for new products will be mostly plastic free by the end of 2022. It plans to stop using plastic bags, elastic bands and the shrink wrap that's usually found around Monopoly, Scrabble and other board games.
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NewsPlexus Media August 20, 2019

US extends limited reprieve on tech sales to China's Huawei
The Trump administration has extended a limited reprieve on U.S. technology sales to Huawei, even as questions remain over how much of an effect broader sanctions are having on the Chinese technology giant. Huawei has become enmeshed in the trade war between Washington and Beijing, with President Donald Trump showing a willingness to use the sanctions as a bargaining chip.
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NewsPlexus Media August 20, 2019

74% of economists in survey see US recession by end of 2021
A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business Economics, in a report released Monday, mostly didn't share Trump's optimistic outlook for the economy, though they generally saw recession coming later than they did in a survey taken in February.
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NewsPlexus Media August 20, 2019

Wide implications as Germany teeters toward recession
Germany, Europe's industrial powerhouse and biggest economy, with companies like Volkswagen, Siemens and BASF, may be entering a recession, according to a gloomy report from the country's central bank Monday — a development that could have repercussions for the rest of the eurozone and the United States.
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NewsPlexus Media August 20, 2019

Top US CEOs rethink the meaning of shareholder value
A group of influential CEOs is changing its view on corporations, saying it’s no longer just about shareholders. The Business Roundtable said Monday that its new statement on “the purpose of a corporation” emphasizes that all stakeholders are important, which includes workers, suppliers, customers and the communities their businesses are in.
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NewsPlexus Media August 20, 2019

Twitter shuts Chinese accounts targeting Hong Kong protests
Twitter said Monday it has suspended more than 200,000 accounts that it believes were part of a Chinese government influence campaign targeting the protest movement in Hong Kong. The company also said it will ban ads from state-backed media companies, expanding a prohibition it first applied in 2017 to two Russian entities.
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NewsPlexus Media August 19, 2019

Beer named for Pacific island nuke test site draws criticism
A Texas-based company is facing criticism for naming a beer after the location of nuclear tests that resulted in the contamination of a Pacific island chain, a report said. Manhattan Project Beer Company is under scrutiny by Marshall Islanders who were exposed to high levels of radiation by U.S. government research from 1946 to 1958. The government and residents of the Republic of the Marshall Islands have objected to the company's beer named Bikini Atoll, an area of the island chain that remains uninhabitable.
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NewsPlexus Media August 17, 2019

Bro bling: Tiffany introduces men's jewelry collection
Tiffany & Co. is launching its first comprehensive jewelry collection for men in October as it seeks to diversify its traditional customer base. The line announced Thursday is part of the Tiffany's strategy to attract younger shoppers and pump up sales, which have been dampened by a decline in spending by tourists from China and elsewhere.
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NewsPlexus Media August 17, 2019

Virgin Galactic reveals futuristic outpost for space tourism
Spaceport America is no longer just a shiny shell of hope that space tourism would one day launch from this remote spot in the New Mexico desert. The once-empty hangar that anchors the taxpayer-financed launch and landing facility has been transformed into a custom-tailored headquarters where Virgin Galactic will run its commercial flight operations.
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NewsPlexus Media August 17, 2019

Report: Levi's, Wrangler, Lee seamstresses harassed, abused
Women sewing blue jeans for Levi's, Wrangler, Lee and The Children's Place faced sexual harassment and gender-based violence and some were coerced into having sex with supervisors to keep their jobs in African factories, labor rights groups say. In response to the revelations, the brands have agreed to bring in outside oversight and enforcement for more than 10,000 workers at five Lesotho factories, according to a report from the Washington-based Worker Rights Consortium released on Thursday.
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NewsPlexus Media August 17, 2019

US retail sales rise strongly in sign of consumer optimism
Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a persistent trade war that have roiled financial markets have yet to dampen consumer confidence. Retail sales rose a healthy 0.7% last month after a 0.3% gain in June, the Commerce Department said Thursday. Online retailers, grocery stores, clothing retailers and electronics and appliance stores all reported strong gains.
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NewsPlexus Media August 17, 2019

Walmart delivers big in 2Q
Walmart offered a dose of optimism amid growing concerns over weakening economic growth by raising its annual outlook after a strong second quarter. Sales at stores opened at least a year rose 2.8%, its 20th consecutive quarter in the right direction as the world's largest retailer continues to expand its grocery delivery services. U.S. online sales increased 37%.
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NewsPlexus Media August 17, 2019

JCPenney halves losses, will begin selling used clothing
Shares of J.C. Penney surged after the ailing department store cut its quarterly losses in half and announced that it would begin selling used clothing to staunch fading sales. Retailers have been searching for ways to get people back into their stores in the decade since the global economic downturn altered consumer behavior, a period that has run parallel with the ascent of Amazon.com.
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NewsPlexus Media August 16, 2019

Weak global growth likely to mean US slowdown, not recession
How fragile is the global economy? The U.S.-China trade war is weakening businesses in both countries, Germany's economy shrank in the second quarter, and Britain appears headed for a disruptive exit from the European Union this fall. Those trends have hammered American manufacturers and caused global financial markets to plunge on fears that the world's largest economy could slip into a recession. Yet most analysts expect the U.S. economy to power through the rough patch, at least in the coming months, on the strength of solid consumer spending and a resilient job market.
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NewsPlexus Media August 16, 2019

Google employees call for pledge not to work with ICE
Hundreds of Google employees are calling on the company to pledge it won't work with U.S. Customs and Border Protection or Immigration and Customs Enforcement. It's the latest in a year full of political and social pushback from the tech giant's workforce. A group of employees called Googlers for Human Rights posted a public petition urging the company not to bid on a cloud computing contract for CBP, the federal agency that oversees law enforcement for the country's borders
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NewsPlexus Media August 16, 2019

Company stirs debate with defense of Taco Tuesday trademark
"Taco Tuesday" may be a well-known term for a themed dinner night out or at home, but as restaurants across the U.S. have learned, it's also trademarked. Cheyenne-based Taco John's — which has nearly 400 locations in 23 states — put its legal stamp on "Taco Tuesday" 30 years ago and has since zinged cease-and-desist letters at offenders far and wide.
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NewsPlexus Media August 15, 2019

Verizon sells early social-media darling Tumblr
Verizon is selling Tumblr, a darling of early social media, to the owner of blogging platform WordPress. Tumblr is known for its devoted fan base and has been home to angry posts from celebrities like Taylor Swift.
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NewsPlexus Media August 15, 2019

After Mississippi ICE raids, job fair draws hopeful workers
Days after immigration agents arrested 680 Latino workers in a massive workplace sting at seven Mississippi chicken processing plants, job seekers flocked to an employment fair Monday in hopes of filling some of those now-empty positions. Koch Foods, based near Chicago, held the job fair to recruit new workers at one of its Morton plants, after Immigration and Customs Enforcement agents on Wednesday arrested 243 workers suspected of working without legal authorization.
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NewsPlexus Media August 14, 2019

Colombia antitrust regulator fines Uber for blocking probe
Colombia's antitrust regulator is fining ride-sharing app Uber $625,000 for allegedly obstructing an investigation into its operations in the country.
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NewsPlexus Media August 13, 2019

Samsung ditches headphone jack after jabs at jackless rivals
Samsung executives have long poked fun at rivals for ditching the headphone jack in smartphones. With the new Galaxy Note 10, the company will now be doing exactly the same thing. The Note 10, announced Wednesday, squeezes in more battery power and other goodies, but at the cost of the familiar old jack. So now the company is doing an about-face and declaring that many people use wireless headphones anyway.
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NewsPlexus Media August 12, 2019

Walmart pulls violent game displays; no change on gun sales
Walmart has ordered workers to remove video game signs and displays that depict violence from stores nationwide after 22 people died in a shooting at one of its Texas stores, but the big box retailer will continue to sell guns. In an internal memo, the retailer told employees to remove any violent marketing material, unplug Xbox and PlayStation consoles that show violent video games and turn off any violence depicted on screens in its electronics departments.
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NewsPlexus Media August 9, 2019

The Apple credit card is here
The Apple credit card designed primarily for mobile use is here. Some iPhone users who requested a notification about Apple Card got invites Tuesday to apply through Apple's Wallet app. The company plans to expand sign-ups more broadly in the coming weeks.
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NewsPlexus Media August 9, 2019

Walmart wrestles with how to respond to active shooters
Like most retailers, Walmart is accustomed to the everyday dealings of shoplifters. Now, it's confronting a bigger threat: active shooters. Three days after a man opened fire at one of its stores in El Paso, Texas, and left at least 22 dead, the nation's largest retailer is faced with how to make its workers and customers feel safe.
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NewsPlexus Media August 9, 2019

Amazon's self-driving delivery robots head to California
Amazon's self-driving robots will be roaming the streets of another neighborhood. The online shopping giant said Tuesday that the six-wheeled robots, about the size of a smaller cooler, will begin delivering packages to customers in Irvine, California.
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NewsPlexus Media August 6, 2019

Survey: US services sector slips to worst growth in 3 years
The pace of expansion for U.S. services companies fell to its slowest pace in nearly three years, as gauges of business activity and new orders weakened. The Institute for Supply Management, an association of purchasing managers, said Monday that its non-manufacturing index fell to 53.7 from 55.1 in June.
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