Business & Economy
Associated Press/Photo by Patrick Semansky

Federal Reserve cuts interest rates

by Rachel Lynn Aldrich
Posted 9/19/19, 11:39 am

The Federal Reserve on Wednesday approved the second cut this year to its benchmark interest rate. In an attempt to respond to the uncertainty caused by the trade war with China and a slump in U.S. manufacturing, the Fed reduced its key short-term rate by an additional quarter-point to a range of 1.75 percent to 2 percent. Right now, economic expansion looks pretty durable, with a solid job market and steady consumer spending.

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Facebook/The Ohio State University

Patent office rejects two quirky trademark requests

by Rachel Lynn Aldrich
Posted 9/12/19, 11:53 am

Ohio State University wanted to start using “The” in large letters on promotional materials and merchandise to distinguish itself from other public universities in the state. NBA star LeBron James wanted to trademark the phrase “Taco Tuesday” because he likes tacos and wants to use the phrase without liability. The U.S. Patent and Trademark Office denied both requests this week.

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Associated Press/Photo by Mark Lennihan (file)

Oil magnate, megadonor T. Boone Pickens dies

by Rachel Lynn Aldrich
Posted 9/11/19, 03:48 pm

Oil tycoon and philanthropist T. Boone Pickens died on Wednesday at his home in Dallas. He was 91. Family and friends surrounded him at his death, which occurred by natural causes, his spokesman Jay Rosser said.

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