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Critics: Duke Energy needs to expedite coal power retirement

Jul. 21, 2019 9:36 AM EDT

INDIANAPOLIS (AP) — Indiana's largest electric utility needs to move faster to retire its aging network of coal-fired power plants and replace them with cleaner, more renewable power sources, environmentalist said. Duke Energy Indiana officials said they hope to retire all nine of the utility's coal-fired...

China launches STAR, tech stock market to boost industry

Jul. 20, 2019 8:45 PM EDT

BEIJING (AP) — Trading starts Monday on a Chinese stock market for high-tech companies that play a key role in official development plans that are straining relations with Washington. Regulators have approved 25 companies in information technology and other fields seen by communist leaders as a path to...

The Latest: Central Command says US intensifying air patrols

Jul. 19, 2019 7:34 PM EDT

TEHRAN, Iran (AP) — The Latest on developments related to tensions between the U.S and Iran (all times local): 2:10 a.m. U.S. Central Command says the U.S. has intensified air patrols over the Strait of Hormuz in response to the Iranian seizure of a British tanker. A Central Command spokesman, Lt. Col....

Michigan cuts pot fees in 19 cities impacted by drug war

Jul. 18, 2019 5:22 PM EDT

LANSING, Mich. (AP) — Michigan regulators announced Thursday a cut in marijuana licensing fees for prospective business owners living in 19 cities whose residents were disproportionately impacted by the drug war. Under the new "social equity" program, applicants with proposed pot establishments in...

US stock indexes shake off an early loss and close higher

Jul. 18, 2019 4:32 PM EDT

NEW YORK (AP) — U.S. stocks reversed course from an early slump and closed higher Thursday to break a two-day losing streak after technology and bank stocks rallied. Corporate earnings are in full swing and investors have been cautiously assessing results and company statements. The volatile market is...

Netflix subscriber drop hints at streaming-service fatigue

Jul. 18, 2019 3:39 PM EDT

NEW YORK (AP) — How much is too much for streaming video? A dramatic slowdown in worldwide growth at Netflix — including the first quarterly drop in its U.S. subscribers since 2011 — is raising questions about just how much are people willing to pay for streaming services. Especially with a...

University of Alaska credit ratings downgraded due to cuts

Jul. 18, 2019 9:34 AM EDT

FAIRBANKS, Alaska (AP) — The University of Alaska's revenue bond ratings have been downgraded after a cut in state funding, a report said. Moody's Investors Service announced the rating decreases Wednesday, citing the "unprecedented" single-year reduction, The Fairbanks Daily News-Miner reported Wednesday....

ReachNow shutters car-rental in Seattle, Portland

Jul. 18, 2019 8:16 AM EDT

SEATTLE (AP) — ReachNow announced it will shut down its car-rental services in Seattle and Portland this week. The Seattle Times reports the company offered short-term rentals of BMWs and Mini Coopers, and launched a ride-hailing service last year. ReachNow announced in May to some of its customers that it...

China launches STAR, tech stock market to boost industry

Jul. 18, 2019 1:39 AM EDT

BEIJING (AP) — Trading starts Monday on a Chinese stock market for high-tech companies that play a key role in official development plans that are straining relations with Washington. Regulators have approved 25 companies in information technology and other fields seen by communist leaders as a path to...

Netflix's 2Q dud rattles investors as competition heats up

Jul. 17, 2019 8:51 PM EDT

SAN FRANCISCO (AP) — Netflix's video streaming service suffered a dramatic slowdown in growth during its traditionally sluggish spring season, a drop-off coming as the company boosts its prices and girds for even stiffer competition. The service picked up 2.7 million worldwide subscribers for the...