Business

FILE - Top, in a Feb. 17, 2019, file photo, William Byron (24) and Alex Bowman (88) lead the field to start a NASCAR Daytona 500 auto race at Daytona International Speedway, in Daytona Beach, Fla. Bottom, in an April 28, 2019, file photo, Brad Keselowski (2) leads a pack of cars through the oval during the NASCAR Cup Series auto race at Talladega Superspeedway, in Talladega, Ala. NASCAR is buying International Speedway in a deal worth about $2 billion. The International Speedway Corp. owns some of the most well known car racing facilities in the United States, including the Daytona International Speedway in Florida, where it’s based, and the Talladega Superspeedway in Alabama. The companies said Wednesday, May 22, that deal is expected to close this year.(AP Photo/File)
May 22, 2019 - 1:44 pm
NASCAR announced a $2 billion merger agreement with International Speedway Corp. on Wednesday, an aggressive move to gain control of key racetracks and set itself up for sweeping changes that could save America's most popular racing series. The deal is expected to close by the end of the year. ISC...
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FILE - This combination of Sept. 27, 2012, file photos, show Jay Peak Resort co-owner Ariel Quiros, left, and Jay Peak Resort co-owner and CEO Bill Stenger at a news conference in Newport, Vt.  Fraud charges were filed Wednesday, May 22, 2019, against former Jay Peak owner Ariel Quiros, of Florida, and former president, William Stenger, of Newport. The pair are accused in a multimillion-dollar fraud case on multiple federal charges over a failed plan to build a biotech facility using foreign investors' money. (Robin Smith/Caledonian-Record via AP, File)
May 22, 2019 - 1:43 pm
BURLINGTON, Vt. (AP) — The former owner and former president of a Vermont ski resort accused in a multimillion-dollar fraud case have been indicted on multiple federal charges over a failed plan to build a biotechnology plant using foreign investors' money. The fraud charges against former Jay Peak...
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FILE - In this May 9, 2019, file photo trader Ryan Falvey works on the floor of the New York Stock Exchange. Banks and retailers pushed the market broadly lower in morning trading on Wall Street Wednesday, May 22. (AP Photo/Richard Drew, File)
May 22, 2019 - 12:50 pm
NEW YORK (AP) — Technology and energy companies, along with retailers, pushed the stock market broadly lower in midday trading on Wall Street Wednesday. Technology stocks have been particularly volatile as the U.S. and China jostle over trade. They've swung between gains and losses this week after...
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May 22, 2019 - 12:50 pm
READING, Pa. (AP) — A federal bankruptcy judge said Wednesday he intends to approve the sale of the Reading Eagle to a large newspaper chain known for taking over struggling papers and then making deep newsroom cuts. MediaNews Group, better known as Digital First Media, offered $5 million for the...
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Treasury Secretary Steven Mnuchin testifies before the House Committee on Financial Services on Capitol Hill in Washington, Wednesday, May 22, 2019. (AP Photo/Carolyn Kaster)
May 22, 2019 - 12:42 pm
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Wednesday he has no idea who wrote a confidential Internal Revenue Service legal memo that says that tax returns must be given to Congress unless the president asserts executive privilege. Appearing before the House Financial Services...
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Britain's Prime Minister Theresa May leaves 10 Downing Street to attend the weekly session of Prime Ministers Questions in Parliament in London, Wednesday, May 22, 2019. (AP Photo/Kirsty Wigglesworth)
May 22, 2019 - 12:38 pm
LONDON (AP) — British Prime Minister Theresa May dug in Wednesday against a growing push by both rivals and former allies to remove her from office as her attempts to lead Britain out of the European Union appeared to be headed for a dead end. May resisted calls to rip up her tattered Brexit...
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FILE - In this Tuesday, Feb. 26, 2019 file photo, a man holds the new Huawei Mate X foldable 5G smartphone during the Mobile World Congress wireless show, in Barcelona, Spain. Two British mobile phone companies, EE and Vodafone, said Wednesday May 22, 2019, they are putting on hold plans to sell new 5G mobile phones from China's Huawei. (AP Photo/Manu Fernandez, File)
May 22, 2019 - 11:21 am
LONDON (AP) — British and Japanese mobile phone companies said Wednesday they're putting on hold plans to sell new devices from Huawei, in the latest fallout from U.S. tech restrictions aimed at the Chinese company. Britain's EE and Vodafone and Japan's KDDI and Y! Mobile said they are pausing the...
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FILE - In this Nov. 6, 2018 file photo, attendees look at the latest technology from Qualcomm at the China International Import Expo in Shanghai. Qualcomm’s stock is tumbling before Wednesday’s market open on May 22, 2019, after a federal judge ruled that the company unlawfully stifled cellphone chip market competition and charged excessive licensing fees. (AP Photo/Ng Han Guan, File)
May 22, 2019 - 11:17 am
NEW YORK (AP) — The Latest on federal judge's ruling against Qualcomm (all times local): 11:15 a.m. A federal ruling against Qualcomm is likely to reduce the licensing fees paid on the sales of smartphones. But it's unclear if device makers such as Apple will pass on any of their savings and lower...
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FILE- This May 3, 2017, file photo shows the Target logo on a store in Upper Saint Clair, Pa. An aggressive campaign at Target to let customers do more online is paying off. The retailer on Wednesday, May 22, 2019, exceeded first quarter expectations on just about every level, saying the same day services it's rolled out in recent years drove more than 25 percent of comparable sales growth. (AP Photo/Gene J. Puskar, File)
May 22, 2019 - 10:32 am
NEW YORK (AP) — An aggressive campaign at Target to let customers do more online is paying off. The retailer exceeded first quarter expectations on just about every level, saying the same day services it's rolled out, including picking up online orders at the store, drove more than 25% of...
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FILE - This June 14, 2018 file photo shows bettors waiting to make wagers on sporting events at the Borgata casino in Atlantic City hours after it began accepting sports bets. On May 22, 2019, the Borgata announced it will spend $12 million on a new sports betting bar and lounge project. (AP Photo/Wayne Parry)
May 22, 2019 - 10:04 am
ATLANTIC CITY, N.J. (AP) — Atlantic City's Borgata casino is investing $12 million in a new sports betting and entertainment project. The casino tells The Associated Press it will open a sports bar and sports betting facility named Moneyline Bar & Book on June 29. It will also open a bar and...
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