Business News

FILE - This Oct. 21, 2016 file photo shows a Rite Aid location in Philadelphia. The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for every 10 shares of Rite Aid. A deal value was not disclosed in a statement released Tuesday, Feb. 20, 2018, by the companies. (AP Photo/Matt Rourke)
February 20, 2018 - 7:45 am
The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for...
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FILE - This Oct. 21, 2016 file photo shows a Rite Aid location in Philadelphia. The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for every 10 shares of Rite Aid. A deal value was not disclosed in a statement released Tuesday, Feb. 20, 2018, by the companies. (AP Photo/Matt Rourke)
February 20, 2018 - 7:45 am
The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for...
Read More
FILE - This Oct. 21, 2016 file photo shows a Rite Aid location in Philadelphia. The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for every 10 shares of Rite Aid. A deal value was not disclosed in a statement released Tuesday, Feb. 20, 2018, by the companies. (AP Photo/Matt Rourke)
February 20, 2018 - 7:45 am
The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for...
Read More
FILE - In this Feb. 23, 2015, file photo, Prince Addy of Manassas, Va., straightens up the shelves of roofing products at the Home Depot in Falls Church, Va. Home Depot a reports financial results Tuesday, Feb. 20, 2018. (AP Photo/Susan Walsh, File)
February 20, 2018 - 6:41 am
NEW YORK (AP) — A strong home-improvement market pushed Home Depot's profit higher in the fourth quarter, topping expectations. The Atlanta company's profit rose 5.6 percent to $1.78 billion, or $1.52 per share, for the three months ended Jan. 28. Earnings, adjusted for pretax expenses, were $1.69...
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February 20, 2018 - 6:34 am
BERLIN (AP) — A German newspaper reports the European Union is drawing up a list of U.S. products to target — including orange juice and Kentucky bourbon — if Washington restricts imports of aluminum and steel. The U.S. Commerce Department last week urged President Donald Trump to impose tariffs or...
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FILE - In this Sunday, July 13, 2007 file photo, Governor of the Bank of Latvia Ilmars Rimsevics speaks during an interview with The Associated Press in Riga, Latvia. Latvia's state broadcaster said Saturday Feb. 18, 2018, that the national anti-corruption agency raided the office and a property of the head of the country's central bank, Ilmars Rimsevics. (AP Photo/Roman Koksarov, File)
February 20, 2018 - 5:38 am
RIGA, Latvia (AP) — The head of Latvia's central bank says he will not resign following an investigation into suspected bribery and an Associated Press report on allegations that he sought bribes from a local bank. Ilmars Rimsevics, who is also on the European Central Bank's top policymaking...
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Wynn Resorts new CEO Matt Maddox reacts as he speaks during an interview at Wynn Las Vegas Monday, Feb. 19, 2018, in Las Vegas. Maddox says he was not aware of any of the sexual misconduct accusations against casino mogul Steve Wynn before they surfaced in a news report last month. He was appointed CEO on Feb. 6 after Wynn resigned. (AP Photo/Isaac Brekken)
February 20, 2018 - 12:56 am
LAS VEGAS (AP) — The new CEO of Las Vegas-based Wynn Resorts said he was not aware of any of the sexual misconduct accusations against casino mogul Steve Wynn before they surfaced last month. Matt Maddox, who was appointed CEO on Feb. 6 after Wynn resigned, added that people should "hold off making...
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People walk past a HSBC local branch in Hong Kong Tuesday, Feb. 20, 2018. HSBC says its annual pretax profits by 11 percent on strong earnings from Asia, in the latest sign that the London-based global bank's restructuring to focus even more on the region reaps further dividends. (AP Photo/Vincent Yu)
February 20, 2018 - 12:28 am
HONG KONG (AP) — HSBC said Tuesday that profits rose on strong earnings from Asia, in the latest sign that the London-based global bank's restructuring to focus even more on the region is paying off. The bank said pretax profit, after adjusting for one-off items and currency fluctuations, increased...
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Wynn Resorts new CEO Matt Maddox reacts as he speaks during an interview at Wynn Las Vegas Monday, Feb. 19, 2018, in Las Vegas. Maddox says he was not aware of any of the sexual misconduct accusations against casino mogul Steve Wynn before they surfaced in a news report last month. He was appointed CEO on Feb. 6 after Wynn resigned. (AP Photo/Isaac Brekken)
February 19, 2018 - 10:33 pm
LAS VEGAS (AP) — The new CEO of Las Vegas-based Wynn Resorts said he was not aware of any of the sexual misconduct accusations against casino mogul Steve Wynn before they surfaced last month. Matt Maddox, who was appointed CEO on Feb. 6 after Wynn resigned, added that people should "hold off making...
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FILE - In this Aug. 21, 2014 file photo, authorities remove some of the marijuana plants found growing in a corn field in southeast Terra Bella, Calif. Nearly two months after recreational marijuana became legal in California, less than 1 percent of the state's known growers have been licensed, according to a report released Monday, Feb. 19, 2018, by a pot industry group. (Chieko Hara/The Porterville Recorder via AP, File)
February 19, 2018 - 9:12 pm
LOS ANGELES (AP) — Nearly two months after recreational marijuana became legal in California, less than 1 percent of the state's known growers have been licensed, according to a report released Monday by a pot industry group. The 38-page report from the California Growers Association says 0.78...
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