Category: PMN

Aug 29

US economic growth for last quarter is revised up to a solid 3% annual rate

Article content WASHINGTON (AP) — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment. The Commerce Department had previously estimated that the nation’s gross domestic product — the total output of goods and […]
Aug 25

Kroger and Albertsons hope to merge but must face a skeptical US government in court first

Breadcrumb Trail Links PMN PMN Business Author of the article: The Associated Press Dee-ann Durbin Published Aug 25, 2024  •  4 minute read Article content The largest proposed grocery store merger in U.S. history is going to court. On one side are supermarket chains Kroger and Albertsons, which say their planned merger will help them […]
Aug 25

French authorities arrest Telegram CEO Pavel Durov at a Paris airport, French media report

Article content PARIS (AP) — The founder and CEO of the popular encrypted messaging service Telegram was detained at a Paris airport, French media reported Sunday. Pavel Durov was detained at the Paris Le Bourget airport on Saturday evening after landing in France from Azerbaijan, according to broadcasters LCI and TF1. Investigators from the National […]
Aug 25

China opposes US sanctions on firms over alleged ties to Russia’s war efforts

Article content BEIJING (AP) — China on Sunday expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it will adopt necessary measures to safeguard the rights and interests of the country’s businesses. The U.S. on Friday announced sweeping sanctions on hundreds of firms […]
Aug 24

Diamond Sports will continue to broadcast NHL, NBA games through upcoming season

Article content HOUSTON (AP) — The largest broadcaster of regional sports networks across the country will continue to televise games for more than a dozen NBA teams and nine NHL teams through the 2024-2025 season even as it moves through bankruptcy proceedings, according to court filings on Friday. Diamond Sports Group, which broadcasts the Bally-branded […]