SAN FRANCISCO (AP) — U.S. Commerce Secretary Howard Lutnick this week confirmed the federal government is vying for a 10 percent stake in Silicon Valley pioneer Intel in a deal that would deepen the Trump administration’s financial ties with major computer chip manufacturers. The ambitions that Lutnick confirmed in a televised interview with CNBC came [...]
NEW YORK (AP) — Target is counting on a company veteran to revive its magic as it struggles to compete with rivals such as Walmart. The Minneapolis-based retailer earlier this week said that Chief Operating Officer Michael Fiddelke, who has been with Target for 20 years, will become CEO Feb. 1. He succeeds Brian Cornell, [...]
A United States appeals court has temporarily blocked the transfer of federal forest land in Arizona to a pair of international companies that plan to mine one of the largest copper deposits in North America. The transfer was scheduled for Tuesday, but a panel of judges with the 9th U.S. District Court of Appeals issued [...]
Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, which will help strengthen its local news offerings. The transaction, if approved, will bring together two major players in television and the country’s local news landscape. Nexstar oversees more than 200 owned and partner stations in 116 markets nationwide and also runs networks such [...]
Lowe’s is buying Foundation Building Materials, a distributor of drywall, insulation and other products, for approximately $8.8 billion as the home improvement retailer intensifies its focus on professional builders. FBM also provides metal framing, ceiling systems, commercial doors and hardware, and other products that serve large residential and commercial professionals in both new construction and [...]
Walmart has recalled frozen, raw shrimp sold in 13 states — including Ohio — because federal health officials say it could have potential radioactive contamination. The U.S. Food and Drug Administration asked Walmart to pull three lots of Great Value brand frozen shrimp from stores after federal officials detected Cesium-137, a radioactive isotope, in shipping [...]
The Federal Trade Commission filed a lawsuit this week against a ticket broker, alleging the company used illegal tactics to exceed purchasing limits for popular events and then resold tickets at significantly higher prices. In a lawsuit filed in federal court in Maryland, the FTC said Maryland-based ticket broker Key Investment Group has used thousands [...]
SIOUX FALLS, S.D. (AP) — A dozen recently shuttered newspapers across Wyoming and South Dakota are set to publish again, after buyers stepped up within days to prevent the rural communities from becoming “news deserts” where little or no local media remains. The swift rescues stand out in an industry where roughly two and a [...]
A Franklin County appellate panel affirmed a trial court’s judgment in favor of First Bank of Ohio, which sought to collect on an auto loan that was in default. The Tenth District Court of Appeals panel held that the Franklin County Common Pleas Court neither lacked jurisdiction to rule on the complaint nor did it [...]