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Saudi Aramco to sell 1.5% stake, valuing company up to $1.7T

Nov. 17, 2019 3:28 AM EST

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale. The newly released figures also revealed a valuation for the company that’s between $1.6...

Central New Mexico battles for control of electric systems

Nov. 16, 2019 11:57 AM EST

SOCORRO, N.M. (AP) — Socorro is charged up about building its own electric utility to offer cheaper, cleaner electricity to local consumers than they get from the 75-year-old Socorro Electric Cooperative. Mayor Ravi Bhasker and city councilors are pursuing an independent contract with Guzman Energy LLC, an...

No waiters or dining area, just restaurant fare

Nov. 16, 2019 3:01 AM EST

WINTER PARK, Fla. (AP) — Jeff Covington called out orders as a display of multiple tablets chimed during a Friday night dinner service. “Build-your-own, Bolognese, side Caesar,” he relayed to the rest of the kitchen staff. Another chime, this one triggered by the door, signaled when it was...

Perdue defends, celebrates USDA agency moves to Missouri

Nov. 15, 2019 5:52 PM EST

KANSAS CITY, Mo. (AP) — U.S. Secretary of Agriculture Sonny Perdue said Friday that he has “absolutely zero regrets” about moving the headquarters of two research agencies from Washington, D.C., to Kansas City, despite continuing criticism that the move would harm agricultural research and...

US approves new drug to manage sickle cell disease

Nov. 15, 2019 5:46 PM EST

U.S. regulators on Friday approved a new medicine that can help reduce extremely painful sickle cell disease flare-ups. The Food and Drug Administration approved Novartis AG’s Adakveo for patients 16 and older. The monthly infusion, which halves occurrences of sickle cell pain episodes, will carry a list...

Stocks end week of milestones at new highs; Dow tops 28,000

Nov. 15, 2019 5:41 PM EST

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly...

Twitter details political ad ban, admits it’s imperfect

Nov. 15, 2019 4:13 PM EST

Twitter’s new ban on political ads will cover appeals for votes, solicitations for campaign contributions and any political content. But the company quickly acknowledged Friday that it expects to make mistakes as individuals and groups look for loopholes. Twitter is defining political content to include...

Markets Right Now: Trade hopes send stocks to records

Nov. 15, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing at all-time highs after U.S. officials said they’re making progress in the latest push for a trade agreement with China. Technology stocks were the biggest winners Friday. Applied Materials...

FDA warns Dollar Tree about flagged Chinese manufacturers

Nov. 15, 2019 2:36 PM EST

WASHINGTON (AP) — Government regulators have again warned Dollar Tree’s parent company about importing drugs and cosmetics that could be tainted due to improper product testing during manufacturing. The Food and Drug Administration said that Greenbrier International also did not properly perform its...

US panel backs wider use of fish oil to prevent heart attack

Nov. 14, 2019 6:17 PM EST

WASHINGTON (AP) — Government health experts on Thursday recommended broader use of a prescription-strength fish oil drug to help many more patients at risk for heart attack, stroke and related health problems. Currently the drug, Vascepa, is approved for a relatively narrow group of patients with extremely...