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Turkmenistan abolishes agencies managing key gas industry

July 16, 2016 • BusinessComments (0)

ASHGABAT, Turkmenistan (AP) — Turkmenistan, which holds the world’s fourth-largest natural gas reserves that are the base of its economy, has abolished two of the primary government agencies responsible for the sector. The government newspaper Neutral Turkmenistan on Saturday said President Gurbanguly Berdymukhamedov had ordered the disbanding of...

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Cloverleaf Cold Storage plans $18M warehouse expansion

July 16, 2016 • BusinessComments (0)

SIOUX CITY, Iowa (AP) — Food processing and storage company Cloverleaf Cold Storage is planning an $18 million expansion of its warehouse in Sioux City. The Sioux City Journal reports that company officials announced the expansion Thursday for the warehouse...

Tesla working on Autopilot radar changes after crash

July 16, 2016 • BusinessComments (0)

DETROIT (AP) — Tesla Motors is working on modifications to its Autopilot system after it failed to stop for a tractor-trailer rig in a Florida crash that killed the driver of a Model S sedan. CEO Elon Musk, in a Twitter post Thursday night, said Tesla is...

Court tosses claims over lost GM car values, allows others

July 15, 2016 • BusinessComments (0)

DETROIT (AP) — A federal judge has ruled that owners of General Motors cars recalled for defective ignition switches can sue the company for any loss in the cars’ value. But the judge threw out broader loss-of-value claims from owners of GM cars that...

Prosecutors nix bail deal in fraud case over $70,000 watch

July 15, 2016 • BusinessComments (0)

In an April 12, 2011 file photo, then Detroit City Council President Charles Pugh is seen during a council meeting in Detroit. The former councilman, who quit in 2013, has been charged with criminal sexual conduct in a case involving a 14-year-old boy a...

Cuba warns cabbies not to raise fares amid energy crunch

July 15, 2016 • BusinessComments (0)

A man cycles alongside taxi drivers near the Capitol building in Havana, Cuba, Friday, July 15, 2016. Authorities warned they will pull the licenses of private taxi drivers who raise fares, after people complained that rates have doubled on some routes....

Hawaii pot dispensaries can legally open, but none are ready

July 15, 2016 • BusinessComments (0)

In this file Feb. 17, 2016, photo, plants grow at the home of Jeremy Nickle, owner of Hawaiian Holy Smokes, in Honolulu, Hawaii. Medical marijuana dispensaries can now legally open in Hawaii, but not one is ready to do so. The state Department of Health said...

Vevo app refresh paves path to breaking free from YouTube

July 14, 2016 • BusinessComments (0)

This photo combo of photos provided by Vevo shows examples of Vevo’s relaunched app. Vevo, the music video brand of labels Sony and Universal, wants to give you a reason to watch videos somewhere other than YouTube. The relaunch of its mobile app...

Employees give CEO a new car after he shared the wealth

July 14, 2016 • BusinessComments (0)

SEATTLE (AP) — The employees of a company whose boss gave them a well-publicized big raise have bought him a new Tesla. The Seattle Times reports that Gravity Payments CEO Dan Price posted the news of the gift on Facebook Thursday, saying “Gravity...

Asian shares surge on solid China data, optimism on earnings

July 14, 2016 • BusinessComments (0)

New York Stock Exchange President Tom Farley, center, takes a selfie with Line character Cony on the bell podium at the NYSE, Thursday, July 14, 2016. Line Chief Strategy & Marketing Officer Jun Masuda is at left, before his company’s IFO. (AP...