Latest Retail industry News

Counties: Drug companies shipped suspicious opioid orders

Jul. 19, 2019 9:53 PM EDT

COLUMBUS, Ohio (AP) — Companies that make and distribute opioids didn't abide by a requirement that they refuse to ship orders of the powerful prescription painkillers when they deemed them suspicious, helping fuel a national addiction and overdose crisis, two Ohio counties said in a legal filing Friday....

Bigger tires in store for Formula One

Jul. 19, 2019 5:28 PM EDT

NEWPORT, R.I. (AP) — Formula One tires are getting a makeover to make them look more like the ones auto racing fans can buy for their own cars. The circuit will switch to 18-inch tires beginning in the 2021 season, one of a series of changes it is making as it embarks on a new contract with the Italian...

Q&A: Newly public data maps opioid crisis across US

Jul. 19, 2019 12:39 PM EDT

The release of a massive trove of data from lawsuits over the nation's opioid crisis provides the most detailed accounting to date of the role played by the major pharmaceutical companies and distributors. In legal cases across the country, they have defended themselves as being little more than bystanders...

Buried in opioids, sickened community eyes drugmakers' role

Jul. 18, 2019 6:15 PM EDT

JACKSON, Ohio (AP) — The numbers are staggering: An average yearly total of 107 opioid pills per resident were distributed over a seven-year period in this rural Appalachian county. The newly released federal data is shocking even to people who live here in Jackson County, where nearly everyone seems to...

Drug company, 4 people indicted in US painkiller probe

Jul. 18, 2019 4:53 PM EDT

CINCINNATI (AP) — A wholesale drug distributor linked to the flood of opioids into Appalachia and two of its former executives were charged with conspiring to illegally distribute millions of painkiller pills, federal authorities said Thursday. The former executives of Ohio-based Miami-Luken — the...

Toys R Us plans a small comeback with 2 stores this year

Jul. 18, 2019 2:37 PM EDT

NEW YORK (AP) — The first two new Toys R Us stores — one in Texas, the other in New Jersey — will open in November as part of a small comeback of the defunct iconic toy chain in the U.S. Richard Barry, a former Toys R Us executive and now CEO of the new company called Tru Kids Brands, says an...

Data show many companies contributed to US opioid crisis

Jul. 17, 2019 7:26 PM EDT

WASHINGTON (AP) — The maker of OxyContin has been cast as the chief villain in the nation's opioid crisis. But newly released government figures suggest Purdue Pharma had plenty of help in flooding the U.S. with billions of pills even as overdose deaths were accelerating. Records kept by the federal Drug...

With Big Tech's dominance under scrutiny, EU probes Amazon

Jul. 17, 2019 4:53 PM EDT

BRUSSELS (AP) — While the U.S. Congress talks about reining in big tech companies, Europe is taking action. The European Union said Wednesday it is investigating whether Amazon uses data from independent retailers to gain an unfair advantage, a decision that could lead to changes in how the internet's...

Fed survey finds widespread concerns over trade

Jul. 17, 2019 2:29 PM EDT

WASHINGTON (AP) — The Federal Reserve's latest nationwide survey released Wednesday reveals that despite growing worries about the impact of President Donald Trump's trade battles, the overall economy remained solid. The Fed said that many of its 12 regions saw slight gains in retail sales and home sales....

Kansas to begin beer, wine sales at Memorial Stadium

Jul. 17, 2019 1:55 PM EDT

LAWRENCE, Kan. (AP) — Kansas announced Wednesday that it will begin selling beer and wine at home football games this season, joining a growing number of Big 12 schools to offer alcohol sales at sporting events. Cue the jokes about the Jayhawks' long-suffering football team. Kansas athletic director Jeff...