Tribune News Service
Business Budget for Wednesday, September 11, 2019
Updated at 6 p.m. EDT (2200 UTC)
Adds PICKENS-OBIT:DA, PUBLIX-GUNS:FL, CPT-LYFT-SAFETY:SJ
This budget is now available at TribuneNewsService.com, with direct links to stories and art. See details at the end of the budget.
^T. Boone Pickens, larger-than-life energy tycoon, dies at 91<
PICKENS-OBIT:DA — T. Boone Pickens, legendary energy executive, philanthropist, ardent Oklahoma State University supporter and one of America's most famous entrepreneurs, died peacefully Wednesday of natural causes at his Dallas home. He was 91.
Pickens had an energy career that went from laborer to corporate take-over raider to tycoon to business soothsayer.
L.A. movie producers would have been hard-pressed to create an exaggerated Hollywood version of the real-life man.
2900 (with trims) by Cheryl Hall in Dallas. (Moved as a national story.) MOVED
^Publix asks customers not to openly carry guns in stores<
^PUBLIX-GUNS:FL—< Publix is the latest retailer asking customers to leave their guns at home.
The Lakeland, Fla.-based supermarket chain joins the growing chorus of national retailers asking customers not to bring guns into stores in states where it is legal to openly carry firearms.
200 by Doreen Christensen in Fort Lauderdale, Fla.. MOVED
^GameStop closing up to 200 stores as video game sales plummet<
GAMESTOP:TB — Acting with a sense of urgency amid falling video game sales, ubiquitous strip mall retailer GameStop is pulling the plug on up to 200 stores by early 2020 — with a much larger set of closings expected within the next two years.
500 by Robert Channick in Chicago. MOVED
^Lyft to add more safety features for riders and drivers<
CPT-LYFT-SAFETY:SJ — After facing lawsuits and criticisms related to the safety of its riders, Lyft said it will implement new measures designed to improve the security of its customers and its drivers.
300 by Rex Crum in San Jose, Calif. MOVED
^Aspiring budtenders learning ins and outs of cannabis dispensary work at first community college course of its kind in Illinois<
CANNABIS-COLLEGE:TB — The new cannabis course at Oakton Community College is far from the blow-off class one might imagine. Students don't touch marijuana inside the classroom in Des Plaines. No one grows a plant, rolls a joint or smokes a bong. Instead, they learn about molecular biology, drug laws and treating terminal illness.
"This is pretty intense," one student commented.
Federal law prohibits college personnel from handling marijuana directly. Instead, Illinois' first and only community college certificate course in cannabis emphasizes technical and practical knowledge meant to help students get a job in the field.
1050 by Robert Mccoppin in Chicago. MOVED
^After fire, Philadelphia refinery paid executives $4,591,500 in bonuses while hundreds were laid off<
REFINERY-BONUSES:PH — Philadelphia Energy Solutions paid out about $4.6 million in retention bonuses to eight key executives after a devastating June fire closed the giant Schuylkill River refinery complex, but before the company declared bankruptcy, court records show.
Most of the payments were made on July 5, while PES was in the process of closing the East Coast's largest refinery, according to a filing with the U.S. Bankruptcy Court in Delaware. At the time, the refinery had announced plans to permanently shut the fuel complex and lay off most of its 1,100 employees without severance pay or health insurance coverage.
900 by Andrew Maykuth in Philadelphia. MOVED
^FDA refutes claims about libido-boosting drug<
FDA-LIBIDODRUG:RA — The U.S. Food and Drug Administration is refuting recent claims by Raleigh-based Sprout Pharmaceuticals that its drug, the female libido pill Addyi, no longer requires health care practitioners or pharmacies to be certified by the FDA to prescribe or dispense the pill.
600 by Zachery Eanes in Raleigh, N.C. MOVED
^Starbucks delivery drivers in Midwest in labor dispute<
STARBUCKS-DRIVERS:MS — Teamster truckers and warehouse workers who supply food, coffee and paper goods to 900 Starbucks stores in Minnesota and three other states are still working to negotiate an extension to a labor contract that expired months ago, union officials said.
However, any food shortages at stores are unrelated to the labor dispute, union and Starbuck officials said.
500 by Dee DePass in Minneapolis. MOVED
^Specialty drug prices leap in Ohio, lifting bottom line for pharmacy benefit managers<
DRUGPRICES-BIGLEAP:OH — When the big ball slowly dropped in Times Square to mark the dawn of 2019, something much less visible happened about 500 miles away: The price tag of specialty drugs for Ohio's neediest residents suddenly jumped.
A prescription for 90 tablets of Capecitabine, a chemotherapy drug, cost about $1,175 on Dec. 31, 2018. That eye-opening price looked downright cheap next to the one on Jan. 1, 2019: more than $2,000, a 70% increase.
Sildenafil, which relieves high blood pressure in the lungs, cost about $31 for 90 pills at the end of last year. When this year dawned, the price was eight times as much, nearly $250.
1050 by Darrel Rowland in Columbus, Ohio. MOVED
^The world's largest Starbucks will open soon in Chicago. Here's what to expect<
STARBUCKS-CHICAGO:TB — The highly anticipated Starbucks Reserve Roastery Chicago is scheduled to open Nov. 15 on the Magnificent Mile, marking the last and largest of the chain's grand coffee palaces.
650 by Alexia Elejalde-Ruiz in Chicago. MOVED
^Electric vehicle sales are up sharply in California, mostly due to Tesla<
^AUTO-CALIF-ELECTRICVEHICLES:LA—<Sales of new electric vehicles in California shot up 63.7% in the first half of the year, to 51,750 units, largely on the strength of the Tesla Model 3.
But that doesn't mean a golden age of electric vehicles has dawned. Pure electric cars still total only 5.5% of California car sales. Consumers, for the most part, are shrugging at EV offerings from car companies not named Tesla. And Tesla sales could be topping out.
850 by Russ Mitchell. MOVED
^TECHNOLOGY STORIES <
^Momentum grows for a digital watchdog to regulate tech giants<
CPT-TECH-WATCHDOG:BLO — With Big Tech accused of everything from decimating industries to abusing privacy, calls are growing for the creation of a federal regulator.
Presidential candidates, consumer advocates and some antitrust enforcers have focused on breaking up Amazon.com Inc., Apple Inc., Facebook Inc. and Alphabet Inc.'s Google — or at least forcing them to unwind past acquisitions. Yet those moves could take years and face lengthy court challenges.
1250 (with trims) by Ben Brody in Washington. MOVED
^The ultimate guide to virtual trading and stock market simulators<
^CPT-BANKRATE-VIRTUALTRADING:MCT—<Stock market simulators are a great way to get a feel for what it's really like to trade stocks, whether you want to do that as a full-time job or as a hobby. You can get into virtual trading for free and not risk losing any money, but the real appeal is often the ability to simply track your progress, keep up with some of your favorite stocks and dream a little bit about making outsized returns on your mock portfolio.
1500 by James Royal. MOVED
^DAILY MARKETS GRAPHIC <
Find here a daily Wall Street roundup graphic featuring Dow Jones Industrial Average, S&P 500 and Nasdaq data.
The 1-column x 4-inch graphic, Wall Street, will be posted by 6:30 p.m. EDT Monday through Friday.
To find the graphic, visit the Graphics section of TribuneNewsService.com.
Those with questions regarding the graphic should contact the graphics team at 312-222-4131 or email@example.com.
^Lee Schafer: Will tariffs hit Target's customers or its suppliers?<
^SCHAFER-COLUMN:MS—<It's not clear Target literally meant what it said last week by insisting suppliers hold the line on prices and bear the whole burden of new tariffs on Chinese imports. But it was a helpful reminder of how companies with a lot of market power, like Target, really act.
When faced with a problem, they make it their suppliers' problem.
1050 by Lee Schafer. MOVED
These features regularly move on Wednesday:
^Tech review: The Eufy Video Doorbell packs a ton of features, including local storage and a wireless chime, for a very affordable price<
^CPT-TECHREVIEW:DA—<It's job to try the new things, so I recently took the Ring Pro off my front door and installed the Eufy my Video Doorbell ($159.99 at eufylife.com ). Eufy is made by Anker, which makes great charging banks, USB chargers and cables ( anker.com ).
The Eufy Video Doorbell looks very much like the Ring Pro it replaced, but there are some big differences.
1050 by Jim Rossman. MOVED
^Tech Q&A: How to end or prevent online hacking harassment<
^CPT-TECHQA:MS—<Q: Over the last three years, I've been the victim of harassment via the internet and cellphone calls. I've reported it to the police and the FBI, but they haven't been able to stop it. Do you have any idea what I can do about the following:
550 by Steve Alexander. MOVED
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