Business & Economy
Associated Press/Photo by Julio Cortez

Jobs report brings good news

by Rachel Lynn Aldrich
Posted 2/01/19, 10:43 am

U.S. employers added 304,000 jobs to the economy in January, the most in nearly a year, the federal government reported Friday. The gain follows a decade of economic expansion, with the United States seeing added jobs for 100 straight months, the longest such period ever reported. Hiring has accelerated since last summer despite December job growth coming in below predictions.

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Associated Press/Photo by Tony Avelar (file)

California utility filing for bankruptcy after wildfires

by Kiley Crossland
Posted 1/14/19, 10:35 am

The Pacific Gas and Electric Company said Monday it will file for bankruptcy in the face of massive potential liabilities for deadly California wildfires in recent years. CEO Geisha Williams resigned Sunday, and the share price of the publicly traded utility plunged by 50 percent Monday morning. PG&E provides natural gas and electricity to about 16 million people in most of the northern two-thirds of California. State fire investigators have blamed the company for wildfires that broke out in Northern California in October 2017.

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Associated Press/Photo by Ng Han Guan

Apple traces hard times to China

by Rachel Lynn Aldrich
Posted 1/03/19, 10:18 am

Apple Inc. sales in the fourth quarter of 2018 fell well below expectations in a downturn CEO Tim Cook blamed on China. In a letter released to shareholders Wednesday, Cook said demand for iPhones was waning. Other global companies like Tiffany & Co. and the Ford Motor Company also saw declines in Chinese sales.

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