Consumer products and services

September 11, 2018 - 7:11 am
COPENHAGEN, Denmark (AP) — The CEO of Swedish automaker Volvo Cars, owned by China's Geely holding company, says "the timing right now is not optimal" for an initial public offering, citing "an escalating trade war, tariffs and market volatility." CEO Hakan Samuelsson added in a mail to The...
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September 11, 2018 - 4:48 am
BERLIN (AP) — Germany's two main department store chains are set to merge in a deal under which Canada-based Hudson's Bay Co. will form a joint venture with Austria's Signa. The deal announced Tuesday will bring together Karstadt, owned by Signa, and Kaufhof, owned by HBC. It also includes HBC...
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In this Wednesday, Aug. 22, 2018, photo, marijuana samples are organized at Cannalysis, a cannabis testing laboratory, in Santa Ana, Calif. Nearly 20 percent of the marijuana and marijuana products tested in California for potency and purity have failed, according to state data provided to The Associated Press. (AP Photo/Chris Carlson)
September 11, 2018 - 2:12 am
LOS ANGELES (AP) — Nearly 20 percent of marijuana products in California have failed tests for potency and purity since the state started requiring the checks on July 1, a failure rate some in the industry say has more to do with unrealistic standards and technical glitches than protecting consumer...
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Andreas W. Tilp, lawyer of the plaintiff, waits for the opening of a lawsuit against Volkswagen on compensation for the losses of shareholders caused by the Diesel scandal at the higher regional court in Braunschweig, northern Germany, Monday, Sept. 10, 2018. (Swen Pfoertner/dpa via AP)
September 10, 2018 - 11:06 am
FRANKFURT, Germany (AP) — Trial proceedings have begun in the lawsuit brought against Volkswagen by investors alleging the company did not give them timely notice of its scandal over cars rigged to cheat on diesel emissions tests. Investors are seeking almost 9 billion euros ($10.4 billion), saying...
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In this June 25, 2018, photo, Jack Ma, chairman of Alibaba Group attends the ceremony to launch a blockchain-base remittance solution in Hong Kong. Jack Ma, who founded e-commerce giant Alibaba Group and helped to launch China's online retailing boom, announced Monday, Sept. 10, 2018 that he will step down as the company's chairman next September. In a letter released by Alibaba, Ma said he will be succeeded by CEO Daniel Zhang. Ma handed over the CEO's post to Zhang in 2013 as part of what he said was a succession process developed over a decade. (Chinatopix via AP)
September 10, 2018 - 2:49 am
BEIJING (AP) — Jack Ma, who founded e-commerce giant Alibaba Group and helped launch China's online retailing boom, announced Monday that he will step down as the company's chairman next September. In a letter released by Alibaba, Ma said he will be succeeded by CEO Daniel Zhang, an 11-year veteran...
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September 09, 2018 - 4:59 pm
WASHINGTON (AP) — Ford won't be moving production of a hatchback wagon to the United States from China — despite President Donald Trump's claim Sunday that his taxes on Chinese imports mean the Focus Active can be built in America. Citing Trump's new tariffs, Ford on Aug. 31 said it was dropping...
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This Friday, Sept. 7, 2018, combo of file photos shows athletic shoes worn by professional athletes. After years of building billion-dollar brands around sports celebrities, shoe and apparel makers now find themselves flashpoints in the political, racial and cultural clashes surrounding the Trump administration and some athletes are increasingly using their shoes as a form of expression. (AP Photo)
September 07, 2018 - 3:14 pm
A pair of shoes are set aflame with a cigarette lighter, captured on video and shared widely online to protest a political statement made by the manufacturer. The New Balance shoes were burned by their owners two years ago after a spokeswoman indicated the company's support for President Donald...
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This July 25, 2018, photo shows a help wanted sign at a new Zaxby's restaurant in Madison, Miss. On Friday, Sept. 7, the Labor Department reports on job openings and labor turnover for August. (AP Photo/Rogelio V. Solis)
September 07, 2018 - 12:07 pm
WASHINGTON (AP) — The pace of hiring in the United States quickened in August, and wages grew at their fastest pace in nine years — evidence that employers remain confident despite the Trump administration's ongoing conflicts with its trading partners. Employers added a strong 201,000 jobs, and the...
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September 06, 2018 - 7:16 pm
ATLANTIC CITY, N.J. (AP) — The Latest on New Jersey's expanding sports betting market (all times local): Caesars casino says it has received approval to launch online sports betting but has not yet actually done so. The New Jersey Division of Gaming Enforcement said earlier Thursday afternoon that...
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Uber CEO Dara Khosrowshahi speaks during the company's unveiling of the new features in New York, Wednesday, Sept. 5, 2018. Uber is aiming to boost driver and passenger safety in an effort to rebuild trust in the brand.(AP Photo/Richard Drew)
September 06, 2018 - 12:14 pm
NEW YORK (AP) — Ever since he stepped into his role as CEO a year ago, Dara Khosrowshahi has had to deal with wave after wave of major scandals and bad press, much of which he inherited from his predecessor, Travis Kalanick. About two weeks after Khosrowshahi started his job, London's transport...
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