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Two sets of bedroom furniture, including cardboard beds, for the Tokyo 2020 Olympic and Paralympic Villages are shown in a display room Thursday, Jan. 9, 2020, in Tokyo. Tokyo Olympic athletes beware - particularly larger ones. The single bed frames in the Athletes Village at this year's Olympics will be made of cardboard. The single bed frames will be recycled into paper products after the games. The mattress components - the mattress are not made of cardboard - will be recycled into plastic products.. (AP Photo/Jae C. Hong)

An Olympic First: Cardboard beds for Tokyo Athletes Village

Jan. 9, 2020 1:13 AM EST

TOKYO (AP) — Tokyo Olympic athletes beware — particularly larger ones. The bed frames in the Athletes Village at this year's Olympics will be made of cardboard. Sturdy cardboard. “Those beds can stand up to 200 kilograms,” explained Takashi Kitajima, the general manager of the Athletes...

Strike by millions of workers hit businesses in India

Jan. 8, 2020 4:00 AM EST

NEW DELHI (AP) — Banking and other businesses across India suffered Wednesday as millions of workers went on strike protesting the Hindu nationalist government’s economic policies, especially the planned sale of several state-owned companies including Air India. Protesters marched on the streets of...

Hotel operator buys The Times-Dispatch building in Richmond

Jan. 2, 2020 4:32 PM EST

RICHMOND, Va. (AP) — A hotel operator has purchased The Times-Dispatch building in Virginia’s capital city, but the Richmond newspaper will remain in the downtown building under a long-term lease, the companies announced Thursday. The Times-Dispatch reports that its newsroom, advertising and...

St. Louis' dollar house program leads to just 4 sales

Jan. 1, 2020 10:23 AM EST

ST. LOUIS (AP) — The city of St. Louis has sold just four city properties under a program launched last year that allows people to buy homes for just $1. St. Louis developed the Dollar House Pilot Program in hopes of selling tax delinquent properties that the city's Land Reutilization Authority has...

Nestle sells majority stake in German sausage maker Herta

Dec. 19, 2019 2:50 PM EST

BERLIN (AP) — Nestle is selling a majority stake in German sausage maker Herta as the Swiss food and drinks giant focuses more on non-meat products. Nestle said Thursday it's selling a 60% stake of Herta to Spanish family-run firm Casa Tarradellas for an unspecified sum. The Vevey-based owner of brands...

FILE - In this April 13, 2008, file photo, a bottle of Fat Tire Amber Ale, made by New Belgium Brewing Co., sits on the bar in the club level of the Pepsi Center in Denver. Employees approved the sale of one of the largest U.S. craft breweries to a subsidiary of Japanese beverage company Kirin in a vote that ended Tuesday, Dec. 17, 2019, clearing the way for the sale to close by the end of the year. New Belgium Brewing Co. declined to release the number of employees who voted in favor of the sale to Lion Little World Beverages of Australia or a breakdown of how they voted, the Coloradoan reported. (AP Photo/David Zalubowski, File)

New Belgium Brewing workers back sale to Kirin subsidiary

Dec. 18, 2019 1:37 PM EST

FORT COLLINS, Colo. (AP) — Employees approved the sale of one of the largest U.S. craft breweries to a subsidiary of Japanese beverage company Kirin in a vote that ended Tuesday, clearing the way for the sale to close by the end of the year. New Belgium Brewing Co. declined to release the number of...

FILE - In this Feb. 28, 2009, file photo, a State Grid Corp. sign is seen above its training center in Beijing. The Chinese state-owned utility said Tuesday, Dec. 17, 2019, it has bought 49% of the power distribution grid in the Gulf nation of Oman. State Grid Corp. described the purchase as part of China's multibillion-dollar Belt and Road initiative to build trade-related infrastructure across Asia to Europe. (AP Photo/Greg Baker, File)

Chinese utility buys 49% of Oman power grid

Dec. 17, 2019 5:18 AM EST

BEIJING (AP) — A Chinese state-owned utility says it has bought 49% of the power distribution grid in the Gulf nation of Oman. State Grid Corp. described the purchase as part of China's multibillion-dollar Belt and Road initiative to build trade-related infrastructure across Asia to Europe. State Grid...

Saudi Arabia's state-owned oil company Saudi Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco's initial public offering (IPO) on the Riyadh's stock market in Riyadh, Saudi Arabia, Wednesday, Dec. 11, 2019. (AP Photo/Amr Nabil)

Saudi stock offering creates world's most valuable company

Dec. 11, 2019 5:01 PM EST

RIYADH, Saudi Arabia (AP) — Saudi Arabian oil company Aramco surpassed Apple as the world's most valuable public company Wednesday when its shares made their debut on the Saudi stock exchange, part of an ambitious shift away from the very fossil fuels the country's economy depends on. The shares' 10%...

FILE - This Oct. 8, 2019, file photo shows the logo for Chevron on the floor of the New York Stock Exchange. Chevron Corp. reports financial results Friday, Nov. 1. Chevron said Tuesday, Dec. 10, it will book a charge of at least $10 billion because lower long-term prices for oil and natural gas are making some projects less valuable.  (AP Photo/Richard Drew, File)

Chevron will write down assets by at least $10 billion

Dec. 10, 2019 7:04 PM EST

SAN RAMON, Calif. (AP) — Chevron Corp. said Tuesday it will book a charge of at least $10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets. More than half the write-down is related to gas drilling operations in Appalachia. The huge fourth-quarter write-down...

FILE- In this Nov. 27, 2018, file photo a banner depicting the Chevrolet Cruze model vehicle is displayed at the General Motors' Lordstown plant in Lordstown, Ohio. General Motors is selling the Ohio assembly plant it closed in March to a new company that plans to begin making electric trucks in late 2020. The company called Lordstown Motors Corp. said Thursday, Nov. 7, 2019, that it initially intends to hire 400 production workers but still needs more money from investors. (AP Photo/John Minchillo, File)

GM lending $40M to startup company buying closed Ohio plant

Dec. 9, 2019 4:04 PM EST

TOLEDO, Ohio (AP) — General Motors has agreed to loan $40 million to a newly formed company that wants to make electric pickup trucks at a massive Ohio assembly plant GM shut down earlier this year. The agreement between the two companies also would allow GM to buy back the plant up until next May,...