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Business & Lifestyle

Starbucks to close all 379 Teavana locations

Ray Downs, United Press International Writer SEATTLE (UPI) -- Starbucks announced it will close all 379 of its Teavana locations after the tea shop showed poor sales and little hope of improving. "Following a strategic review of the Teavana store business, the company concluded that despite efforts to reverse the trend through creative merchandising and new store designs, the underperformance was likely to continue," Starbucks said in a press release disclosing its earnings. The closures are expected to affect more than 3,000 employees […]

todayJuly 28, 2017 1

Business & Lifestyle

House passes spending bill with $1.6 billion to begin border wall

Ray Downs, United Press International Writer WASHINGTON (UPI) -- The House approved a $788 billion national security bill Thursday that includes $1.6 billion towards a wall along the U.S.-Mexico border. The bill, which passed along mostly party lines, 235-192, mostly allocates money for programs other than beginning construction of the wall -- including energy, water, defense, the Army Corps of Engineers, and implementing a 5% raise in veteran's programs. GOP leaders praised the bill as a fulfillment of one of President Donald […]

todayJuly 27, 2017 4

Business & Lifestyle

Twitter loses users in U.S. as revenue declines

Allen Cone, United Press International Writer SAN FRANCISCO (UPI) -- Twitter, the social media powerhouse, had stagnant worldwide growth of users last quarter and lost users in the United States. Twitter, in an financial filing Thursday, said its monthly user base in the United State declined two million to 68 million from the previous quarter. Globally, the number of users stayed at 328 million. From the same period a year earlier, the company's revenue fell 5 percent to $574 million. Twitter's adjusted […]

todayJuly 27, 2017 10

Business & Lifestyle

U.S. warns Americans of possible ‘tainted’ alcohol in Mexico

Andrew V. Pestano, United Press International Writer WASHINGTON (UPI) -- The U.S. Department of State has warned people traveling to Mexico about possibly tainted or substandard alcohol, and to drink responsibly after the death of a Wisconsin woman. The department on Wednesday updated its alerts and warnings page on Mexico, where travelers can find different information on embassies, local laws and visa requirements. The Milwaukee Journal Sentinel earlier reported that 20-year-old Abbey Connor became sick while drinking alcohol during a Mexican vacation in January. She […]

todayJuly 27, 2017 10

Business & Lifestyle

1 dead, several injured after ride malfunction at Ohio State Fair

Ray Downs, United Press International Writer COLUMBUS, Ohio (UPI) -- At least one man was killed and seven were injured after a ride malfunctioned at the Ohio State Fair Wednesday, authorities said. The Columbus Fire Division said the riders were thrown from the Fire Ball ride on Wednesday night, reported the Columbus Dispatch. The dead man was killed immediately, officials said. Five of the injured were in critical condition and two were stable. One of the injured is a 13-year-old girl, reported WSYX-TV. Battalion […]

todayJuly 26, 2017 1

Business & Lifestyle

Minneapolis police must turn on body cameras after Damond shooting

Ed Adamczyk and Danielle Haynes, United Press International Writers MINNEAPOLIS, Minn. (UPI) -- Minneapolis police officers must now turn on their body cameras as soon as they are dispatched to any call as part of a new policy in the wake of the shooting death of Australian woman Justine Damond, the police chief said Wednesday. Officers also are required to turn on the recording devices during "self-initiated activity." "What good is a camera if it is not being used when it […]

todayJuly 26, 2017 4

Business & Lifestyle

Rep. Steve Scalise discharged from Washington hospital

Andrew V. Pestano, United Press International Writer WASHINGTON (UPI) -- The MedStar Washington Hospital Center said it has discharged Rep. Steve Scalise, who is in "good spirits" following the shooting during a congressional baseball practice that threatened his life. The hospital said it discharged Scalise on Tuesday after the congressman made "excellent progress in his recovery from a life-threatening gunshot wound six weeks ago." "Awesome news. Can't wait to have you back to work," U.S. Speaker of the House Paul Ryan said in a […]

todayJuly 26, 2017

Business & Lifestyle

Samsung releases its first biosimilar drug in U.S.

Danielle Haynes, United Press International Writer SEOUL, South Korea (UPI) -- Electronics giant Samsung made its first foray into U.S. pharmaceuticals Monday when it joined efforts with Merck to release a lower-cost version of a rheumatoid arthritis drug. Samsung Bioepis, a subsidiary of the South Korean producer of televisions and smartphones, and Merck Biosimilars released Renflexis, a version of Johnson & Johnson's Remicade. The U.S. Food and Drug Administration gave approval in April to the drug, which the companies said would be sold for […]

todayJuly 24, 2017 13

Business & Lifestyle

Private equity firm KKR to buy WebMD for $2.8 billion

Andrew V. Pestano, United Press International Writer NEW YORK (UPI) -- Health information website WebMD on Monday said it's agreed to be acquired by the KKR private equity company in a deal valued at nearly $3 billion. WebMD said it established an agreement with KKR's Internet Brands portfolio in which a subsidiary will formally make an offer by Aug. 3 to acquire all issued and outstanding shares of WebMD's common stock for $66.50 per share -- or $2.8 billion. The companies […]

todayJuly 24, 2017 1

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