Business

FILE- In this Jan. 29, 2018, file photo Jeff Bezos, the CEO and founder of Amazon.com, takes a walking tour of the Amazon Spheres in Seattle. Amazon has had a complicated few weeks with its cancellation of a New York headquarters Thursday, Feb. 14, 2019, and extortion claims last week related to intimate photos taken by its founder. Experts say the events are unlikely to pose much of a threat to Amazon’s business. But the company will continue to face more challenges as it grows larger. (AP Photo/Ted S. Warren, File)
February 15, 2019 - 3:46 pm
SAN FRANCISCO (AP) — It's been a complicated few weeks for Amazon, what with its abrupt pullout from a massive New York City development, extortion claims related to intimate photos taken by its founder Jeff Bezos and increasing antitrust scrutiny in Europe . For now, these events seem unlikely to...
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February 15, 2019 - 2:50 pm
NEW YORK (AP) — Italian fashion designer Gucci is announcing a major push to step up its diversity hiring following an uproar over an $890 sweater that resembled blackface. The company also says it will hire a global director for diversity and inclusion, a newly created role. Gucci also is...
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In this Feb. 14, 2019 photo provided by Newark Alliance, Laurie Ross, an actor with the event planners at Life 'O the Party, holds a message reading "NJ & Newark Still Love U, Amazon!" while arriving at an Amazon office in New York. The love note came despite Amazon saying it's not seeking a new site. (Matthew Cossel/Winning Strategies for Newark Alliance via AP)
February 15, 2019 - 2:24 pm
Amazon's breakup with New York was still fresh when other cities started sending their own valentines to the online giant. Officials in Newark, New Jersey, one of the 18 finalists that Amazon rejected in November when it announced plans to put its new headquarters in New York and northern Virginia...
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FILE- In this May 7, 2018, file photo a delivery man unloads cases of soft drinks from a Pepsi truck in New York. PepsiCo Inc. reports earns on Friday, Feb. 15, 2019. (AP Photo/Mark Lennihan, File)
February 15, 2019 - 7:28 am
PURCHASE, N.Y. (AP) — PepsiCo moved to a profit in its fourth quarter, getting a boost from a large tax benefit as sales in its Frito-Lay unit North America strengthened. Shares rose $2.36, or 2.1 percent, to $114.95 in Friday morning trading. The food and beverage company recorded a $5.3 billion...
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FILE- In this Dec. 17, 2018, file photo, a pair of athletic shoes designed for the military are laced up at a New Balance factory in Norridgewock, Maine. On Friday, Feb. 15, 2019, the Federal Reserve reports on U.S. industrial production for January. (AP Photo/Robert F. Bukaty, File)
February 15, 2019 - 7:18 am
WASHINGTON (AP) — U.S. industrial production fell 0.6 percent in January, stemming in large part from an 8.8 percent plunge in the making of motor vehicles and auto parts. The Federal Reserve said Friday that that the manufacturing component of the index dropped 0.9 percent last month, reversing a...
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FILE - In this Jan. 19, 2019, file photo, U.S. Rep. Alexandria Ocasio-Cortez, D-New York, waves to the crowd after speaking at Women's Unity Rally organized by Women's March NYC at Foley Square in Lower Manhattan in New York. On Thursday, Feb. 14, newly-elected Rep. Alexandria Ocasio-Cortez led a chorus of cheers as Amazon announced it was abandoning plans to build a sought-after headquarters in New York City. Activists berated the online giant for a $3 billion package of tax breaks she said the city could better invest in hiring teachers or fixing the subway. (AP Photo/Kathy Willens, File)
February 15, 2019 - 6:59 am
WASHINGTON (AP) — What is happening to the Democrats? Captivated by a handful of liberal superstars, they are venturing where the party has long feared to tread: Steep taxes on the rich. Abolishing an immigration enforcement agency. Proposing "economic transformation" to combat climate change...
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FILE- In this Feb. 5, 2019, file photo trader Andrew Silverman works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 15. (AP Photo/Richard Drew, File)
February 15, 2019 - 6:46 am
NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening higher on Wall Street after Chinese and U.S. officials agreed to continue trade talks in Washington next week. Investors are again weighing quarterly results from major U.S. companies...
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FILE- In this Nov. 7, 2018, file photo a couple walks along Four Freedoms State Park on Roosevelt Island in the Queens borough of New York. Beyond is the Long Island City skyline. According to experts analyzing the e-commerce giant's sudden cancellation of plans to build a massive headquarters in New York City, Amazon's decision to walk away could scare off other tech companies considering moving to or expanding in the city. (AP Photo/Mark Lennihan, File)
February 14, 2019 - 10:01 pm
NEW YORK (AP) — Amazon's decision to walk away from New York City could scare off other tech companies considering moving to or expanding in the city. That's according to experts analyzing the e-commerce giant's sudden cancellation of plans to build a massive headquarters in Queens. The decision on...
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FILE- In this Aug. 9, 2018, file photo, Customers stand outside Ikea's first store in India as it opened in Hyderabad, India. India is a test case for whether Ikea should keep shifting resources toward emerging economies, including Latin America and China, given the saturation of markets in Europe and the United States, and the possibility of another global recession. Six months after Ikea opened its first store in Hyderabad, the 400,000-square-foot cornucopia of furniture, linens, kitchenware and other goodies is drawing between 10,000 and 30,000 visitors per day. (AP Photo/Mahesh Kumar A, File)
February 14, 2019 - 9:23 pm
HYDERABAD, India (AP) — In Hyderabad's bustling Nampally furniture market, customers explore a crowded, dusty labyrinth of shops, haggle over prices and work with carpenters to design made-to-order housewares. This is the competition Swedish giant Ikea faces in tackling the $40 billion Indian...
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People stand in the lobby for Amazon offices Thursday, Feb. 14, 2019, in New York. Amazon will not build a new headquarters in New York City, a stunning reversal to an ambitious plan that would have brought an estimated 25,000 jobs to the city. (AP Photo/Mark Lennihan)
February 14, 2019 - 3:25 pm
NEW YORK (AP) — Amazon abruptly dropped plans Thursday for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and activists objected to the nearly $3 billion in tax breaks promised to what is already one of the world's richest,...
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