Business

Clinton father starts business after making homemade jerky for his diabetic son

Lead BZ 062217 Jerky 01

What began as a Clinton father’s way to provide his son better access to a favorite snack has...

Business

Asian stocks mostly higher after Wall Street closed mixed

South Korea Financial Markets-1

SEOUL, South Korea (AP) — Asian stocks were mostly higher in range-bound trade on Tuesday after Wall Street closed mixed. KEEPING SCORE: Japan’s Nikkei 225 rose 0.3 percent to 20,213.62 while South Korea’s Kospi added 0.1 percent to 2,391.33. Hong Kong’s Hang Seng index advanced 0.2 percent to 25,...


Business

Buffett's bet on Store Capital shows not all retail real estate is equal

(c) 2017, Bloomberg. Warren Buffett is betting that some types of brick-and-mortar real estate will hold up better than others in the age of Amazon. His Berkshire Hathaway took a 9.8 percent stake in Store Capital Corp., sending shares of the real estate investment trust surging Monday. Unlike...


Business

Takata files for bankruptcy, overwhelmed by air bag recalls

Takata Bankruptcy-1

Japanese air bag maker Takata Corp. filed for bankruptcy protection in Tokyo and the U.S. on Monday, saying it was the only way to ensure it could carry on supplying replacements for faulty air bag inflators linked to the deaths of at least 16 people. Most of Takata’s assets will be bought by rival...


Business

China sentences 16 from Australia's Crown Resorts to prison

China Crown Trial

SHANGHAI (AP) — A Chinese court sentenced 16 Australian and Chinese employees of a casino company to nine to 10 months in prison on Monday after they pleaded guilty to gambling-related charges, the company and an Australian official said. Nineteen defendants, including three Australians from the...


Business

Roiled by airbag-recall crisis, Takata files for bankruptcy

(c) 2017, Bloomberg. Takata Corp. filed for bankruptcy protection in the biggest postwar Japanese corporate failure in the manufacturing industry, as the 84-year-old company buckled under liabilities from millions of recalled air bags that have been linked to more than a dozen deaths. The Tokyo-...


Business

Takata bankruptcy filings clear the way for overhaul

(c) 2017, Bloomberg. Takata Corp. filed for bankruptcy protection, paving the way for a restructuring of the troubled Japanese air-bag maker as it looks to tide over the biggest safety recall in automotive industry. It agreed to sell its businesses and assets to Chinese-owned Key Safety Systems Inc....


Business

Coal on the rise in China, US, India after major 2016 drop

Global Coal

BEIJING (AP) — The world’s biggest coal users — China, the United States and India — have boosted coal mining in 2017, in an abrupt departure from last year’s record global decline for the heavily polluting fuel and a setback to efforts to rein in climate change emissions. Mining data reviewed by...


Business

Dusty wheat fields signal peak for glut

(c) 2017, Bloomberg. It’s finally starting to look like the world wheat glut has peaked. Dry, hot weather from the U.S. to Europe is taking its toll on crops, and the U.S. government is forecasting global output will fall for the first time in five seasons. The adverse conditions have pushed...


Business

The U.S. card rewards war is helping credit beat debit

(c) 2017, Bloomberg. Credit or debit? For routine purchases, Americans are likelier to say debit. U.S. card issuers would prefer a different answer. Credit brings in far more revenue. First, the banks charge higher “interchange fees,” fees paid by merchants, on credit card purchases. Then, if you...


Business

Amazon robots poised to revamp how Whole Foods runs warehouses

(c) 2017, Bloomberg. When Amazon’s $13.7 billion bid to buy Whole Foods was announced, John Mackey, the grocer’s chief executive officer, addressed employees, gushing about Amazon’s technological innovation. “We will be joining a company that’s visionary,” Mackey said, according to a transcript of...


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