Seattle bans plastic straws, eating utensils

A Seattle law banning plastic straws and eating utensils is set to take effect on July 1. The law is designed to reduce the amount of plastic waste that has been contaminating and polluting the city's waterways. Fines won't be issued against establishments that don't adhere to the ban, but city officials will encourage them [...]

2018-06-20T15:08:22+00:00 June 20th, 2018|

General Electric booted from Dow after 110 years

- For the first time in more than a century, General Electric was dropped from the Dow Jones Industrial Average, and will be replaced by Walgreens Boots Alliance. GE was an original member of the Dow in 1896 and served as a continuous member of the elite 30-stock index since November 7, 1907. The Dow [...]

2018-06-20T14:50:36+00:00 June 20th, 2018|

Starbucks to close 150 locations in 2019

Starbucks announced Tuesday it plans to close 150 underperforming stores in the 2019 fiscal year. The company will triple its traditional annual average of closing about 50 stores as part of a streamlining effort including rapidly optimizing its U.S. store portfolio. "While certain demand headwinds are transitory, and some of our cost increases are appropriate [...]

2018-06-19T22:19:38+00:00 June 19th, 2018|

Banking experts: Cryptocurrencies can’t work as real money

- A panel of banking experts have rejected cryptocurrencies as too flawed, too short-sighted and too unstable to become workable fixtures in world monetary matters. The assessment was made in a 24-page report Sunday by Switzerland's Bank for International Settlements, an agency considered a central bank for central banks. The BIS said bitcoin and similar [...]

2018-06-19T13:09:32+00:00 June 19th, 2018|

Theranos founder Elizabeth Holmes charged with wire fraud

June 15 (UPI) -- A federal grand jury indicted Theranos founder Elizabeth Holmes on wire fraud charges for a scheme to defraud investors in the health technology company, federal prosecutors in California announced Friday. The indictment accused Holmes, the former CEO of the company, and former Theranos President Ramesh "Sunny" Balwani of two counts of [...]

2018-06-16T12:43:27+00:00 June 16th, 2018|

Bipartisan lawmakers introduce bill to improve infrastructure in poor neighborhoods

- A bipartisan group of lawmakers introduced a bill on Tuesday that hopes to rebuild infrastructure in poor communities while reducing the national debt. Introduced by U.S. Representatives Mike Kelly, R-Pa., William Lacy Clay, Jr., D-Mo., and Ted Budd, R-N.C., the Generating American Income and Infrastructure Act, or GAIIN Act, would require the Department of [...]

2018-06-15T12:12:49+00:00 June 15th, 2018|

CDC: Kellogg’s cereal source of 31-state salmonella outbreak

Kellogg's Recalls Honey Smacks Cereal Due To Possible Salmonella Link CBS Boston June 15 (UPI) -- The Centers for Disease Control and Prevention said a salmonella outbreak that's sickened 73 people in 31 states is linked to a variety of Kellogg's cereal. The CDC said from March 3 to May 28 the outbreak sent 24 [...]

2018-06-15T12:05:06+00:00 June 15th, 2018|

Self-driving cars could cost 4M jobs, but give boost to economy

-- Self-driving vehicles could result in the loss of 4 million jobs in the United States, but the drop in employment may be offset by an $800 billion annual boost to the economy, a new study indicates. The report, commissioned by Securing America's Future Energy, a non-profit seeking to reduce U.S. reliance on oil, said [...]

2018-06-14T13:29:01+00:00 June 14th, 2018|

Comcast makes $65B bid for 21st Century Fox assets

June 13 (UPI) -- Comcast announced a $65 billion all-cash bid Wednesday for portions of 21st Century Fox that Disney was already seeking to purchase. Comcast sent a letter to the board of directors of 21st Century Fox offering $35 per share in cash for the assets, representing a premium of about 19 percent of [...]

2018-06-14T13:23:23+00:00 June 14th, 2018|

Pepsi plant in Mexico closes over threats of gang violence

- A Pepsi bottling and distribution plant in Mexico has shut down because officials say rising threats of gang violence have made it too dangerous to operate. The move to close Grupo Gepp's Ciudad Altamirano plant comes less than three months after Coca-Cola Femsa similarly closed its plant there, affecting about 100 workers. Employees said [...]

2018-06-13T14:10:00+00:00 June 13th, 2018|