WASHINGTON — Cigarette maker Altria’s $13 billion investment in the troubled vaping company Juul has gone up in smoke — now worth less than 5% of its original value as U.S. regulators move to ban its e-cigarettes. Altria slashed the value of its Juul investment by more than $1.2 billion […]
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JetBlue buys Spirit for $3.8 billion
JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion and create the nation’s fifth-largest airline if the deal can win approval from antitrust regulators. The agreement Thursday capped a months-long bidding war and arrives one day after Spirit’s attempt to merge with fellow budget carrier Frontier Airlines fell […]
Americans detained abroad as families plead for Biden to help
In September 2016, Kai Li stepped off a plane from the United States to his native China to visit relatives and attend a memorial for his late mother. He never returned. The Chinese government had imprisoned the 59-year-old Li, an act the United Nations has condemned, and which his family […]
US economy shrank 0.9% last quarter, its 2nd straight drop
WASHINGTON — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday in the gross domestic product — the broadest gauge of […]
Shell posts record earnings again as energy prices soar
LONDON — Shell posted record profits Thursday for a second straight quarter as the energy giant benefited from soaring prices of oil and natural gas fueled by Russia’s war in Ukraine. London-based Shell said it’s second-quarter adjusted earnings — which exclude one-time items and fluctuations in the value of inventories […]
Uvalde school district to receive $1.25 million for mental health counseling
Texas Gov. Greg Abbott announced he will provide a $1.25 million grant to the Uvalde Consolidated Independent School District for counseling students and faculty impacted by the mass shooting at Robb Elementary School. “As the community of Uvalde continues to heal, Texas continues working to help improve security and aid […]
Kim threatens to use nukes amid tensions with US, S. Korea
SEOUL, South Korea — North Korean leader Kim Jong Un warned he’s ready to use his nuclear weapons in potential military conflicts with the United States and South Korea, state media said Thursday, as he unleashed fiery rhetoric against rivals he says are pushing the Korean Peninsula to the brink […]
Temperatures could hit triple digits again in Northwest
PORTLAND, Ore. — Heat wave duration records could be broken in the Pacific Northwest this week and authorities are expanding capacity at some cooling centers as temperatures near triple digits are forecast to extend into the weekend. “For the next several days through Saturday we’re going to be within a […]
Hidden Menace: Massive methane leaks speed up climate change
LENORAH, Texas — To the naked eye, the Mako Compressor Station outside the dusty West Texas crossroads of Lenorah appears unremarkable, similar to tens of thousands of oil and gas operations scattered throughout the oil-rich Permian Basin. What’s not visible through the chain-link fence is the plume of invisible gas, […]
Canada says pope’s apology to Indigenous not enough
QUEBEC CITY — The Canadian government made clear Wednesday that Pope Francis’ apology to Indigenous peoples for abuses in the country’s church-run residential schools didn’t go far enough, suggesting that reconciliation over the fraught history is still very much a work in progress. The official government reaction came as Francis […]