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Business News

Walmart CEO announces surprise retirement at 59

NEW YORK (AP) — Walmart CEO Doug McMillon, who turned America's largest retailer into a tech-powered giant and spearheaded a period of robust sales growth since becoming chief executive in 2014, plans to retire early next year, the company said Friday in a surprise announcement. John ...

Fifty-year mortgage has notable benefit, number of drawbacks

NEW YORK (AP) — The White House says it is considering backing a 50-year mortgage to help alleviate the home affordability crisis in the country. But the announcement drew immediate criticism from policymakers, social media and economists, who said a 50-year mortgage would do little to ...

Wall Street drifts around its records as AMD rallies

NEW YORK (AP) — U.S. stocks drifted around their records in a mixed day of trading Wednesday. The S&P 500 added 0.1% and neared its all-time high set a couple weeks ago. The Dow Jones Industrial Average jumped 327 points, or 0.7%, to set a record for the second straight day, while the ...

EDA honors Gladstone with Mighty Oak award

ESCANABA — It is with great pleasure that during the Delta County Chamber of Commerce’s annual dinner on Oct. 9, I presented to the City of Gladstone the Mighty Oak (Century) Award — an award that celebrates a community whose deep roots, enduring strength and lasting impact have shaped ...

US airlines cancel 1K flights to comply with shutdown order

Anxious travelers across the U.S. felt a bit of relief Friday as airlines mostly stayed on schedule while still cutting more than 1,000 flights largely because of the government shutdown. Plenty of nervousness remained, though, as more canceled flights are coming over the next week to comply ...

Stocks clock first weekly loss in the past four

NEW YORK (AP) — Stocks wavered to a mixed finish on Wall Street Friday and notched their first weekly loss in the last four. Major indexes wobbled throughout most of the week, but ultimately pulled back from records set the prior week. Technology stocks once again determined the broader ...