Economy

Economy

Raytheon, United Technologies joining to create defense giant

WALTHAM, Mass. (AP) — Raytheon and United Technologies will join to create a massive aerospace and defense company in a sector that is already rapidly consolidating.

U.S. employers hired a record number in April

WASHINGTON (AP) — U.S. employers hired the most people on record in April, while the number of open jobs was largely unchanged, evidence that the job market remains solid.

The Labor Department said Monday that businesses filled 5.9 million jobs that month, 4.2% more than in March and the most since records began in December 2000.

Trump insists there's more to Mexico deal than meets the eye

STERLING, Va. (AP) — Stung by criticism that his deal to avert threatened Mexican tariffs mostly ramps up existing efforts, President Donald Trump is insisting there's more to it than meets the eye.

In a pair of tweets Monday morning, Trump claimed that Mexico had agreed to more than what was revealed in the Friday announcement, teasing that more would be announced soon.

Jim Dey | New state budget includes the usual flim flam

The smoke is starting to clear from last weekend's legislative session in which our public servants engaged in another of their patented, last-minute, bill-passing frenzies.

Tom Kacich | Capital program full of benefits for area

For an area that has been the recipient of so much government largesse — three interstate highways, a land grant university in Urbana, a federal airfield in Rantoul, a veterans hospital and state prison in Danville and a construction engineering research center in Champaign — people here still can get quite enraged about any level of government spending.

Facebook stops Huawei from pre-installing apps on phones

LONDON (AP) — Facebook said Friday it has stopped letting its apps come pre-installed on smartphones sold by Huawei in order to comply with U.S. restrictions, a move that deals a fresh blow to the Chinese tech giant.

The social network said it has suspended providing software for Huawei to put on its devices while it reviews recently introduced U.S. sanctions.

Walmart service to deliver groceries inside homes

NEW YORK (AP) — The online delivery wars are heating up inside shoppers' homes.

Walmart is now offering to have one of its employees deliver fresh groceries and put them in your refrigerator when you're not home.

Pence: U.S. 'encouraged' by Mexico's proposals as tariffs loom

WASHINGTON (AP) — U.S. and Mexican officials claim to be making progress as they labored for a second day to avert import tariffs. But President Donald Trump is still threatening to impose them as he tries to pressure Mexico into stemming the flow of Central American migrants across the United States' southern border.

Barnes & Noble sold to hedge fund

NEW YORK (AP) — The one-time bookselling giant Barnes & Noble is being acquired by a hedge fund for $476 million.

The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com and other online sellers. Independent bookstores have also persisted in the face of digital publishing.

Undone by Brexit, May steps down as Conservative leader

LONDON (AP) — British Prime Minister Theresa May formally stepped down as Conservative Party leader on Friday, defeated by the Brexit conundrum.

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