By BRUCE SCHREINER and REBECCA REYNOLDS Associated Press Heavy rains have caused flash flooding and mudslides as storms pound parts of central Appalachia. Kentucky Gov. Andy Beshear says it’s some of the worst flooding in state history. He says officials expect lives have been lost, and property damage has been massive, with hundreds losing their
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By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Altria reports its nearly $13 billion investment in troubled vaping company Juul is worth 95% less than it originally paid. The tobacco giant on Thursday took a $1.2 billion financial hit on its investment in the e-cigarette maker, writing down its value to less than $500
Continue Reading By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Altria reports its nearly $13 billion investment in troubled vaping company Juul is worth 95% less than it originally paid. The tobacco giant on Thursday said its stake in the e-cigarette maker is now worth less than $500 million after U.S. regulators announced plans to ban
Continue ReadingBy Gerry May Click here for updates on this story SHREVEPORT, Louisiana (KTBS) — There’s an alarming rise in carjackings this week. And police say they could all be related. Since Monday morning, there’ve been reports of at least four such crimes. The first one happened shortly after 7 a.m. Monday on Penick near Jewella.
Continue Reading By DAVID KOENIG and MICHELLE CHAPMAN AP Business Writers 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
Continue Reading By DAVID KOENIG and MICHELLE CHAPMAN AP Business Writers 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
Continue Reading By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — 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
Continue Reading By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — 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
Continue ReadingBy Martha White and Alicia Wallace, CNN Business The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday. Gross domestic product, a wide-ranging measure of economic activity, fell by 0.9% on an annualized basis from April through June. That decline marks a key symbolic threshold for the most commonly
Continue ReadingBy Jennifer Hansler, Chandelis Duster, Darya Tarasova, Kylie Atwood and Kaitlan Collins, CNN Biden administration officials are frustrated that Moscow has yet to respond in a meaningful way to their proposal to return convicted Russian arms trafficker Viktor Bout as part of a deal to secure the release of US citizens Brittney Griner and Paul
Continue ReadingBy Web staff Click here for updates on this story TRANSYLVANIA COUNTY, North Carolina (WLOS) — A hiker suffered a serious leg injury after falling 50 feet from Looking Glass Rock in Transylvania County. The fall happened about 10:30 a.m. Tuesday. Rescuers responded to the Sunwall Trail off of FS Road 475B to reach the
Continue Reading VEVEY, Switzerland (AP) — Global food giant Nestle has reported higher sales in the first half of the year, even as it increased prices by 6.5% as inflation soared around the world. The Swiss company that makes Purina pet food, KitKat candy bars and Gerber baby food said Thursday that total reported sales grew by
Continue ReadingKristen Rogers and Yenny Sanchez, CNN The ancient skeleton of a Gorgosaurus went up for auction for the first time today and sold for just over $6 million. Whoever bought it — which is currently unknown — now also has the unusual opportunity to name it. About 77 million years old, the Gorgosaurus is a
Continue ReadingBy Hannah Mackenzie Click here for updates on this story ASHEVILLE, North Carolina (WLOS) — An Asheville man was charged with failing to reduce speed after hitting and injuring a cyclist in the Fairview area on Tuesday, July 26, according to the North Carolina Department of Public Safety. The cyclist, Dustin Baker, is a U.S.
Continue ReadingBy Julia Horowitz, CNN Business Before the Federal Reserve announced another supersized interest rate hike on Wednesday, investors told Before the Bell they had no problem with the central bank’s messaging that it would continue to aggressively fight decades-high inflation. In fact, they relished it, viewing it as a sign the Fed was taking its
Continue Reading By CHRIS MEGERIAN and ZEKE MILLER Associated Press WASHINGTON (AP) — President Joe Biden will speak Thursday morning with China’s Xi Jinping, the fifth conversation of their presidencies, as the two leaders chart the future of their complicated relationship at a time of simmering economic and geopolitical tensions. The call, at 8:30 a.m. EDT, comes
Continue Reading Associated Press Wall Street pointed toward a modestly lower open Thursday following the Federal Reserve’s interest rate hike and ahead what will be the first look at U.S. economic growth during the rocky second quarter. Futures for the Dow Jones Industrial average ticked down 0.1% and futures for S&P 500 lost 0.2% before the bell.
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By JONATHAN LANDRUM Jr. AP Entertainment Writer LOS ANGELES (AP) — Tyler Perry will receive an honorary AARP award for uplifting communities and helping people “overcome various obstacles” through his foundation. The organization announced Thursday that Perry will receive the honorary AARP Purpose Prize award during a live ceremony on Oct. 25. The famed filmmaker-actor-
Continue ReadingBy Elizabeth Cohen, CNN Senior Medical Correspondent Testing for monkeypox, a crucial part of containing the growing outbreak, has gotten off to a sluggish start at the five commercial laboratories that have nearly all the US’s monkeypox testing capacity, CNN has learned. Mayo Clinic Laboratories, for example, has the capacity to process 1,000 monkeypox samples
Continue Reading By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — The number of homes on the market has been rising, albeit from very low levels. Home listings rose on an annual basis in May and June, snapping a streak of annual declines going back three years. But many would-be buyers looking for a more modestly
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