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Tag: business

NASA’s Mightiest Rocket Lifts off 50 Years After Apollo
News

NASA’s Mightiest Rocket Lifts off 50 Years After Apollo

By MARCIA DUNN, AP Aerospace WriterCAPE CANAVERAL, Fla. (AP) — NASA's new moon rocket blasted off on its debut flight with three test dummies aboard Wednesday, bringing the U.S. a big step closer to putting astronauts back on the lunar surface for the first time since the end of the Apollo program 50 years ago.If all goes well during the three-week, make-or-break shakedown flight, the crew capsule will be propelled into a wide orbit around the moon and then return to Earth with a Pacific splashdown in December.After years of delays and billions in cost overruns, the Space Launch System rocket thundered skyward, rising from Kennedy Space Center on 8.8 million pounds (4 million kilograms) of thrust and hitting 100 mph (160 kph) within seconds. The Orion capsule was perched on top and, les...
Stocks Gain Ground After Wholesale Inflation Eases in US
News

Stocks Gain Ground After Wholesale Inflation Eases in US

By DAMIAN J. TROISE, AP Business WriterNEW YORK (AP) — Stocks rose broadly in morning trading on Wall Street Tuesday after the government reported another decline in the pace of wholesale price inflation last month, the latest glimpse of hope that inflationary pressures in the U.S. might be easing.The S&P 500 index rose 1.5% as of 10:13 a.m. Eastern. The Dow Jones Industrial Average rose 273 points, or 0.8%, to 33,807 and the Nasdaq rose 2.4%.Technology stocks and retailers had some of the biggest gains. Apple jumped 3.5%. Walmart surged 6.9% after reporting strong financial results, raising its profit forecast and announcing an opioid settlement.Prices at the wholesale level rose 8% in October from 12 months earlier, the fourth straight decline. Every measure of the latest inflatio...
Campaign Helps Military Members Get Home for Holidays
News

Campaign Helps Military Members Get Home for Holidays

LYNCHBURG, Tenn. (AP) — The Tennessee-based Jack Daniel Distillery is continuing a more than decade-long tradition of helping military service members and their families get home for the holidays.The distillery producing Jack Daniel’s whiskey is again teaming with the military support group Armed Services YMCA for the project.Their joint “Operation Ride Home” program will help nearly 2,000 junior-enlisted service members and relatives travel home this holiday season, distillery officials said.Since its founding in 2011, Operation Ride Home has provided financial assistance to active-duty, junior-enlisted military and their families to travel from their base of duty to homes across the country. More than 10,000 people have traveled by airplane or car through help from the program, the di...
Some Canal District Restaurants Closing – NBC Boston
Business

Some Canal District Restaurants Closing – NBC Boston

The business community in Worcester’s Canal District has seen its share of changes including about a half dozen businesses closing their doors in recent months. The latest announcements came from Smokestack Urban Barbecue and Maddi's Cookery and TapHouse. Both businesses posted updates to social media, generating a lot of reaction from saddened customers. Jillian Nanof, who works at Seed to Stem, says hearing of any business moving on is unfortunate. “Obviously, we're so sad to see some of our favorite places that we also eat at, we suggest people to eat at close” she said. “I mean, it's sad, it really is,” says Julie Sargentelli, who runs the White Eagle Bar & Tavern. “You know, they are our area partners and, you know, we'd like to see people, you know, sur...
US Customs and Border Protection commissioner resigns
Politics

US Customs and Border Protection commissioner resigns

CNN  —  President Joe Biden has accepted the resignation of US Customs and Border Protection Commissioner Christopher Magnus, the White House said Saturday. Biden thanked Magnus for “nearly forty years of service,” according to a statement from White House press secretary Karine Jean-Pierre, and added that he “wishes him well.” Magnus had been asked to resign by Homeland Security Secretary Alejandro Mayorkas this week, according to two sources familiar with the matter. He submitted his resignation to Biden on Saturday, which is effective immediately. Magnus has been criticized internally for being out of touch with the agency and publicly for the handling of the US-Mexico border. Durin...
More NFL Games Likely for Germany, Possibly Soon
News

More NFL Games Likely for Germany, Possibly Soon

By KEN MAGUIRE, AP Sports WriterMUNICH (AP) — The NFL plans to play more regular-season games in Germany, possibly sooner than expected.League commissioner Roger Goodell told a fan forum in Munich on Saturday that the NFL will stage “at least” four games in Germany through 2025.The current agreement includes Sunday's first game in Germany plus an annual game over the next three seasons — with Munich and Frankfurt each hosting twice.“In our commitment, we're going to play the next four years, at least, and with at least four games,” Goodell said ahead of Sunday's game between the Tampa Bay Buccaneers and Seattle Seahawks at Allianz Arena. “I wouldn’t be surprised if it expanded beyond that at some point soon.”Political CartoonsThe commissioner didn't take questions from the media but his...
Embattled Crypto Exchange FTX Files for Bankruptcy
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Embattled Crypto Exchange FTX Files for Bankruptcy

By MATT OTT, AP Business WriterEmbattled cryptocurrency exchange FTX, short billions of dollars, is seeking bankruptcy protection following its collapse this week.FTX and its CEO and founder Sam Bankman-Fried are under investigation by the Department of Justice and the Securities and Exchange Commission to determine whether any criminal activity or securities offenses were committed. The person could not discuss details of the investigations publicly and spoke to The Associated Press on condition of anonymity.The investigation is centering on the possibility that the firm may have used customers’ deposits to fund bets at Bankman-Fried’s hedge fund, Alameda Research. In traditional markets, brokers are expected to separate client funds from other company assets. Violations can be punishe...
German business leaders warn against pulling out of China
Business

German business leaders warn against pulling out of China

BERLIN -- A group of top German business executives is warning against withdrawing from China, while acknowledging that it's right for Germany to redefine its relationship with Beijing.The intervention by eight chief executives in an article Thursday for the daily Frankfurter Allgemeine Zeitung comes as Germany grapples with its future relationship business and political relationship with China. The authors included the CEOs of industrial conglomerate Siemens, chemicals manufacturer BASF, technology company Bosch, auto parts supplier Schaeffler and the port of Hamburg.They said German companies' sites in China and elsewhere in the world contribute significantly to their competitiveness, and that China has become the world's second-biggest and most dynamic market — “so our presen...
Council mows down plan for lawn care business | Business
Business

Council mows down plan for lawn care business | Business

It doesn’t look like a Fenton-area couple’s plans to move their lawn care business will take root.Terry and Kelly Obermiller asked the county to rezone half of a 10-acre lot near Diehl and Old Sugar Creek roads in the Jefferson County portion of Fenton from residential to planned commercial development. They planned to move their Genuine Lawn Care business from 38 E. Lakewood, also in the Fenton area.“We’ve been in business for 20 years,” said Terry Obermiller. “We’ve been looking all over for a place to expand. This place is on the other side of the hill where we live. It would be perfect for us.”The Jefferson County Council, which has the sole authority t...