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Column: NASCAR bullish on future after promising rebound

Nov. 18, 2019 5:58 PM EST

HOMESTEAD, Fla. (AP) — The freefall is over, rock bottom hit more than a year ago, the restart button officially activated. Just how cool is NASCAR these days? Michael Jordan said before Sunday’s championship race he sets his clock to watch every week. NASCAR needs more fans to want to be like Mike,...

Kylie Jenner sells stake in beauty empire to CoverGirl owner

Nov. 18, 2019 12:38 PM EST

NEW YORK (AP) — Kylie Jenner is selling a stake of her beauty business to CoverGirl owner Coty, in a deal that values the reality TV star’s company at about $1.2 billion. Coty said Monday that it will pay $600 million for a 51% stake in Kylie Cosmetics. It plans to launch more products under the...

Yogurt sales sour as US breakfast culture changes

Nov. 18, 2019 10:49 AM EST

What’s eating yogurt? Despite shelves full of new varieties — from Icelandic to Australian to coconut-based — U.S. yogurt sales are in a multiyear slump. Yogurt companies are confident that more new products can boost sales. But some analysts are skeptical, saying larger trends — like...

Yahoo Japan, Line to merge business to form online giant

Nov. 18, 2019 4:17 AM EST

TOKYO (AP) — Online services Yahoo Japan and Line Corp. have announced they are merging. Z Holdings Corp., which owns SoftBank Corp. that operates Yahoo Japan, and Naver Corp. of South Korea, which owns a majority stake in Line, said Monday they are aiming for a final agreement by next month. The...

‘Ford v Ferrari’ speeds to No. 1; ‘Charlie’s Angels’ fizzles

Nov. 17, 2019 9:35 PM EST

NEW YORK (AP) — “Ford v Ferrari” left its competition in the rearview mirror, racing to an estimated $31 million debut at the box office in a No. 1 finish that counted as a win for big-budget originality. James Mangold’s racing drama rode into the weekend with strong reviews and Oscar...

Saudi Aramco seeks record-setting IPO with value up to $1.7T

Nov. 17, 2019 1:12 PM 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, potentially becoming the most-valuable initial public offering in history. The newly released figures...

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...