The market's resilience this year — which has pushed it to a series of records and extended its five-year bull run — is driven by investors' optimism over the growth of the U.S. economy and record corporate earnings. MOSCOW (AP) — Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the downing of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage. A workers' revolt at the Market Basket supermarket chain has led to empty shelves, angry customers and support for a boycott from more than 100 state legislators and mayors. Industry analysts say worker revolts at non-union companies are rare, but what's happening at Market Basket is particularly unusual because the workers are not asking for higher pay or better benefits. CHICAGO (AP) — Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers will discuss the future of the effort that has spread to dozens of cities in less than two years. DETROIT (AP) — The U.S. government's highway safety agency has decided to seek further information from General Motors about air bag failures in some Chevrolet Impala full-size cars. LONDON (AP) — London-based pay TV network BSkyB has agreed to take control of its sister companies in Italy and Germany, creating a multinational European broadcaster. BSkyB said Friday it will buy Sky Italia and 57 percent of Sky Deutschland for 5.35 billion pounds ($9.1 billion) from media giant 21st Century Fox. Besides being chairman and CEO of 21st Century Fox, Murdoch is also BSkyB's largest shareholder with a stake of just over 39 percent. HONG KONG (AP) — McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken filet burgers off the menu after a U.S.-owned supplier in mainland China was accused of selling expired meat. WASHINGTON (AP) — Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans. A category viewed as a proxy for business investment plans rose a solid 1.4 percent, recovering after a revised 1.2 percent drop in May.
Reported by SeattlePI.com 2 hours ago.
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