Business

Business

Online pet-product retailer Chewy's stock soars on debut

NEW YORK (AP) — Chewy, the online seller of pet food and squeaky toys, went public Friday and its shares soared 64 percent.

The stock rise puts the value of the 8-year-old company at more than $14 billion.

North Prospect businesses use backup power after car hits utility pole

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CHAMPAIGN — It was business as usual on North Prospect Avenue after a car hit a power pole Friday afternoon near the intersection with Baytowne Drive, knocking out power for several large retailers in the area.

Tom's #Mailbag, June 14, 2019

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Humane society, hockey, history, Hardee's, holes in parking lots and the harvest of trees are among the items in this week's Mailbag.

 

Timber harvest?

New Oregon lab, seed certification bring standards to hemp

AURORA, Ore. (AP) — A unit of wheat is a called a bushel, and a standard weight of potatoes is called a century. But hemp as a fully legal U.S. agricultural commodity is so new that a unit of hemp seed doesn't yet have a universal name or an agreed-upon quantity.

Retail sales rose 0.5% in May, led by online shopping

WASHINGTON (AP) — Americans stepped up their retail spending last month, a sign that recent worries about cautious consumers dragging on growth may have been overdone.

The Commerce Department said Friday that retail sales rose 0.5% in May, after a smaller gain of 0.3% in the previous month. April's figure was revised up from an earlier estimate that had showed a decline.

Industrial production rose in May, but factories struggle

WASHINGTON (AP) — U.S. industrial production improved in May, but manufacturers showed weakness despite eking out a slight gain.

The Federal Reserve said Friday that industrial output, which includes factories, utilities and mines, rose 0.4% in May, after tumbling 0.4% in April.

Tyson Foods looking to get share of market for meat alternatives

The fast-growing market for meat alternatives has a surprising new player: Tyson Foods.

Researchers: Bitcoin's carbon footprint equal to Las Vegas

BERLIN (AP) — The virtual currency bitcoin is responsible for the same amount of carbon dioxide emissions as a city like Las Vegas or Hamburg and efforts to reduce its climate footprint should be considered, researchers said Thursday.

Target ups the ante in online delivery wars

NEW YORK (AP) — How much would you be willing to pay to get those diapers within an hour or so?

In the latest salvo in the delivery wars, Target is offering same-day delivery on thousands of items for $9.99 per order through a delivery startup it purchased nearly two years ago

Businesses showing discontent with Trump's trade policies

WASHINGTON (AP) — President Donald Trump's aggressive and wildly unpredictable use of tariffs is spooking American business groups, which have long formed a potent force in his Republican Party.

Corporate America was blindsided last week when Trump threatened to impose crippling taxes on Mexican imports in a push to stop the flow of Central American migrants into the United States.

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