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US home sellers get while the gettin’s good

LOS ANGELES (AP) — Homeowners who held off on selling their home in 2022 as the housing market slowed missed out on a windfall and may have to settle for slimmer profits if they opt to sell this year. The sale of a median-priced U.S. home last year translated into a profit of $112,000, a 21% ...

US economy slowed but still grew at 2.9% rate last quarter

WASHINGTON (AP) — The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession. Thursday's estimate from the Commerce Department showed that the nation's gross ...

Bed Bath & Beyond says it’s in default on its loans

NEW YORK (AP) — Bed Bath & Beyond said Thursday that it's in default on its loans and doesn't have sufficient funds to repay what it owes. The home goods chain said in a Securities and Exchange Commission filing that the default would force it to consider alternatives including ...

FDA declines to regulate CBD; calls on Congress for fix

The Food and Drug Administration said Thursday there are too many unknowns about CBD products to regulate them as foods or supplements under the agency's current structure and called on Congress to create new rules for the massive and growing market. The marijuana-derived products have become ...

Visa 1Q profits rise 6%, new CEO to take over Feb. 1

NEW YORK (AP) — Payment processing giant Visa Inc. said Thursday that its profits rose 6% in its latest quarter from a year earlier, helped by the continued rise of digital payments across the globe. The company also said its current CEO, Al Kelly, will step down on Wednesday. He will be ...

US sweetens pot to study siting for spent nuke fuel storage

ALBUQUERQUE, N.M. (AP) — The U.S. government has long struggled to find a permanent solution for storing or disposing of spent nuclear fuel from commercial nuclear power plants, and opposition to such a site is flaring up again as New Mexico lawmakers debate banning a facility without state ...

FDA’s advisers back plan to simplify COVID-19 vaccinations

The U.S. is poised to make COVID-19 vaccinations more like a yearly flu shot, a major shift in strategy despite a long list of questions about how to best protect against a still rapidly mutating virus. The Food and Drug Administration asked its scientific advisers Thursday to help lay the ...

Toymaker Hasbro laying off 1,000 to cut costs

PAWTUCKET, R.I. (AP) — Toymaker Hasbro said Thursday it is cutting about 1,000 jobs as part of moves announced last year to save up to $300 million annually by 2025. The nearly century-old Rhode Island-based company behind Monopoly, Play-Doh and My Little Pony toys said the layoffs amount to ...

Tale of 2 airlines: Big profit at American, Southwest loss

American Airlines and two smaller carriers gave more proof Thursday of the recovery in air travel, posting better-than-expected profit for the fourth quarter, while Southwest Airlines lost money because of massive flight cancellations last month. Southwest said it expects another loss in the ...

Town where child cancer rose blasts deal over polluted site

TOMS RIVER, N.J. (AP) — In hindsight, it's clear that something was very wrong in this suburban town at the Jersey Shore, where many people worked at or lived near a chemical company that was flushing toxic waste into waterways and burying it in the ground. Men would come home from the ...