WASHINGTON (AP) — The Federal Reserve’s preferred inflation measure last week provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next. Prices rose just 0.1 percent from July to August, the Commerce Department said, down from the previous month’s 0.2 [...]
Three weeks after being asked to modify a $2.78 billion deal that would dramatically change college sports, attorneys excised the word “booster” from the mammoth plan in hopes of satisfying a judge’s concerns about the landmark settlement designed to pay players some of the money they help produce. As expected, the changes filed in court [...]
DALLAS (AP) — Southwest Airlines executives last week unveiled their vision for Southwest 2.0, an airline that for the first time will give passengers assigned seats, charge them extra for more legroom and offer red-eye flights. And bags still will fly free. The airline also will repackage its sale of vacation packages. It will seek [...]
VAN BUREN TOWNSHIP, Mich. (AP) — A federal agency said it has resumed sending hazardous waste to a Michigan landfill from Ohio while communities in suburban Detroit continue their legal fight to bar waste from a World War II-era site in New York. The U.S. Army Corps of Engineers has been sending material from Luckey, [...]
ALEXANDRIA, Va. — An expert witness testifying for Google says the U.S. government’s antitrust case against the tech giant drastically underestimates the company’s competition. Mark Israel, an economist who prepared a report on Google’s behalf, said the government’s claims that Google holds a monopoly over advertising technology are improperly focused on a narrow market the [...]
The Supreme Court of Ohio recently reversed a Board of Tax Appeals holding that resulted in some state woodlands — forested lands that produce timber — being overtaxed. The 7-0 court remanded the issue, which centers on an arbitrary $1,000-per-acre clearing-cost rate used for the valuation of agricultural land, to state Tax Commissioner Patricia Harris [...]
WASHINGTON (AP) — The president of the Federal Reserve’s Richmond branch says he supports reducing the central bank’s key interest rate “somewhat” from its current level but isn’t yet ready for the Fed to fully take its foot off the economy’s brakes. In an interview with The Associated Press, Tom Barkin also said the economy [...]
WASHINGTON (AP) — The U.S. government has seized a luxury jet used by Venezuelan President Nicolás Maduro that officials say was illegally purchased through a shell company and smuggled out of the United States in violation of sanctions and export control laws. The Dassault Falcon 900EX was seized in the Dominican Republic and transferred to [...]
WASHINGTON (AP) — A decision on whether to reclassify marijuana as a less dangerous drug in the United States won’t come until after the November presidential election, a timeline that raises the chances it could be a potent political issue in the closely contested race. The U.S. Drug Enforcement Administration last week set a [...]