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Business

New degree option provides another path for exercise science students

LOWELL, Mass. – A new UMass Lowell course of study for students interested in pursuing a career in fitness and sports management is already proving to be a popular option. Students enrolled in UMass Lowell’s Zuckerberg College of Health Sciences as exercise science majors now have their ...

Stocks close mixed as regulators seek pause in J&J vaccine

A choppy day of trading on Wall Street ended with indexes mixed Tuesday as a drop in bond yields hurt bank stocks but helped big technology companies. The S&P 500 rose 0.3% after briefly slipping into the red in the early going. The modest gain nudged the benchmark index to an all-time ...

IRS chief expects new child payments to start this summer

WASHINGTON (AP) — It's a strain, but the head of the IRS said Tuesday he expects to meet the July 1 deadline in the new pandemic relief law for starting a groundbreaking tax program aimed at reducing child poverty. That means new advance monthly payments of as much as $300 per child could ...

Energy, voting rights loom in congressional special election

SANTA FE, N.M. (AP) — Republican congressional nominee and New Mexico state Sen. Mark Moores is staking out a campaign platform based on support for the oil and natural gas industry, robust police funding and taxation issues, ahead of a rapid-fire special election. The state Republican ...

“Sour Grapes” wine fraud con man deported to Indonesia

LOS ANGELES (AP) — A one-time California man who bilked wine collectors out of millions by selling cheaper booze he rebottled in his kitchen has been deported to his native Indonesia, U.S. immigration officials said Tuesday. Rudy Kurniawan, 44, was deported last week on a commercial flight ...

Fracking ban fails to advance in California Legislature

SACRAMENTO, Calif. (AP) — California lawmakers Tuesday rejected a bill that would have banned fracking in the state, succumbing to pressure from the powerful oil and gas industry and their labor union allies who warned the bill would have cost good-paying jobs. The bill was inspired in part ...

Bally’s to pay $308M for Tropicana hotel on Las Vegas Strip

LAS VEGAS (AP) — The Tropicana Las Vegas Hotel and Casino, a Sin City namesake, is being sold to a new entrant among Las Vegas Boulevard resort owners. Rhode Island-based Bally's Corp. announced Tuesday it will acquire the iconic Strip property from Gaming and Leisure Properties Inc. for ...

Fed leaders agree: Economics has a racial-disparity problem

WASHINGTON (AP) — Top Federal Reserve policymakers on Tuesday underscored their concern that Black and Hispanic people are sharply underrepresented in the economics field, which lessens the perspectives that economists can bring to key policy issues. "If we don't have a diverse group of ...

Boeing sees uptick in airplane orders as travel picks up

Boeing orders picked up in March, fueled by a major deal with Southwest Airlines that helped to offset another round of cancellations for its 737 Max airliner. Boeing said Tuesday that it received 196 orders in March, including the previously announced 100 from Southwest, while losing 156 to ...

Nielsen, networks clash on stats showing fewer viewers

NEW YORK (AP) — People have been stuck at home for a year due to COVID-19 restrictions, with movie theaters closed, concert venues closed, restaurants closed, sports attendance restricted — yet television viewing is down? That makes no sense to networks and cable and satellite providers, ...

Microsoft buying speech recognition firm Nuance in $16B deal

Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion. The acquisition will get Microsoft deeper into hospitals and the health care industry through Nuance's widely used medical dictation and transcription tools. Microsoft ...

World shares, US futures decline on vaccine, virus worries

BANGKOK (AP) — World shares were lower on Monday, as investors grew wary over the recent surge in coronavirus cases in many places while vaccination efforts are making scant headway. Shares fell in London, Paris, Tokyo and Shanghai. U.S. futures also slipped. The declines followed a ...

SKorea’s Moon says EV battery settlement ‘very meaningful’

SEOUL, South Korea (AP) — South Korean President Moon Jae-in on Monday welcomed a decision by two South Korean electric vehicle battery makers to settle a long-running intellectual property dispute that had threatened thousands of American jobs and President Joe Biden's environmental ...

CEOs gather to speak out against voting law changes

More than a hundred top executives and corporate leaders gathered online this weekend to discuss their response to restrictive voting laws under consideration in several states and already enacted in Georgia, according to a statement from organizers of the meeting. The statement didn't ...

Fed’s Powell sees US boom ahead, with COVID still a risk

WASHINGTON (AP) — The U.S. economy is poised for an extended period of strong growth and hiring, the chair of the Federal Reserve said in an interview broadcast Sunday, though the coronavirus still poses some risk. Chair Jerome Powell, speaking to CBS' "60 Minutes," also said that he ...

Business faces tricky path navigating post-Trump politics

WASHINGTON (AP) — For more than a half-century, the voice emerging from the U.S. Chamber of Commerce's monolithic, Beaux Arts-styled building near the White House was predictable: It was the embodiment of American business and, more specifically, a shared set of interests with the Republican ...

Farmer: Vidalia onions could be smaller, a bit pricier

VIDALIA, Ga. (AP) — Georgia's signature sweet onions may be a little smaller and a little more expensive this year. Vidalia onions are scheduled to begin shipping on April 19, arriving in stores in the following days. Farmer Aries Haygood told WMAZ-TV that cooler-than-normal weather has ...

Average US price of gas holds steady at $2.94 per gallon

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline held steady over the past two weeks at $2.94 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the price at the pump was likely to remain stable or drop as wholesale costs begin to ...

Las Vegas pushes to become first to ban ornamental grass

LAS VEGAS (AP) — A desert city built on a reputation for excess and indulgence wants to become a model for restraint and conservation with a first-in-the-nation policy banning grass that nobody walks on. Las Vegas-area water officials have spent two decades trying to get people to replace ...