Business

Uber acknowledges getting complaints about Kalamazoo shooting suspect

Dalton admitted to gunning down randomly chosen victims in and around Kalamazoo, Mich., - attacks apparently carried out over hours during which he also ferried passengers around town as an Uber driver. The San Francisco-based ride-hailing service says Dalton cleared a background check and was approved to be a driver on January 25. He had given about 100 rides, the company said.

Business

JCPenney Launches 'Penney Days' to Sell Items for a Penny

The retailer will sell some items up for just a penny, while others items will only be eligible for the discount if another item is bought at full price. "We want to be the shopping mecca for the modern American mom, which means we need to dimensionalize the idea of worth". West declined to specify other items that will be available for a penny, saying they will be "a five-star-rated item from within our private brand portfolio that customers tell us that they love".

Business

China's Zhou Xiaochuan says further rate cuts on agenda

Since October, China has kept benchmark interest rates at record lows as they inject liquidity into the markets and guide interest rates lower as they shift to a market-based monetary framework. In response to questions regarding China's currency exchange rate and record capital outflows, Zhou said there was "no basis for persistent yuan depreciation" and that the decline in foreign exchange reserves was only temporary.

Business

Snyder emails look behind scenes at efforts to manage crisis

On October 14 2014, after General Motors said it would stop using Flint water because it was corroding auto parts, Brader advised that Flint reconnect to the Detroit water supply. Snyder, state agencies and others have released in the aftermath of the Flint crisis. Flint - Gov. Rick Snyder on Friday acknowledged he and his staff failed to "connect the dots" on early warnings about Flint's water quality, saying the state "clearly could have done better" in the run-up to the ...

Business

US consumer spending up solid 0.5 percent in January

January economic data posted Friday by the Commerce Department was positive on a number of fronts: consumer spending rose at the fastest pace in eight months as incomes continue to post gains, and inflation is starting to firm up. Although financial markets have eliminated bets for a March rate hike, the combination of solid consumer spending, a strengthening labor market and steadily rising inflation suggests further monetary policy tightening can not be ruled out this year.

Business

New test results from Flint show lead-removal filters are working

Rick Snyder on Wednesday outlined a plan to replace pipes leaching lead into Flint's drinking water, a three-step process that the city's mayor criticized as too slow. In April 2014, a state-appointed emergency manager switched the city's water supply from the Detroit Water Plant to the Flint River as a cost-saving measure.