Business

What does the devalued Yuan mean for the U.S.?

China has surprised global investors by weakening the yuan almost 5 percent. Its central bank may even weaken it further.Why did the PRC make this move? Its long-booming economy is in a slump. Most notably, Chinese exports have taken a major fall. In July, they were down 8.3 percent ...

Garland joins WYK Associates Inc.

Jordan Garland joined WYK Associates Inc. this summer. She serves as WYK's client relationship manager and also focuses on marketing for WYK Associates.Prior to moving back to West Virginia, Garland worked in Washington, D.C., as a government affairs specialist for Worldwide Regulatory, ...

More than 10,000 items ‘stuffed’ into bus in Barbour County

PHILIPPI - A Philippi business collected copious amounts of school supplies that were then "stuffed" into a school bus Monday to donate to county schools.Perfectly Pampered Salon, located at 46 S. Main St. in Philippi, has been collecting the items for the last couple weeks as part of their ...

Beverly man facing three felony counts

ELKINS - A Randolph County man is behind bars after allegedly giving a false address to law enforcement officials.Keith Odell McCourt, 46, of Beverly, is charged with three felony counts of failure to register as a sexual offender (lifetime). He is currently being held at Tygart Valley Regional ...

Misery deepens in Puerto Rico

SAN JUAN, Puerto Rico (AP) - Most tables are empty at Walter Martin's coffee shop in San Juan's colonial district. His brow is furrowed with concern and glistens with sweat in the sweltering Caribbean morning.He's turned off the air conditioning to lower his power bill. With fewer customers, ...

U.S. stocks drop again

NEW YORK (AP) - Another bad day for the energy sector pulled down stocks on Monday.Energy stocks slumped as the price of oil dropped to its lowest in more than four months. Oil has fallen sharply since the end of June on evidence that a global supply glut is building at the same time demand ...

Oil prices slide as more worries about global supply glut mount

By The Associated PressThe slump in oil prices deepened Monday, pulling down the price of U.S. crude to the lowest level in more than four months.The move came as traders braced for softer demand amid an increase in the number of active rigs and signs of weakness in U.S. construction spending ...

Delta says it will ban shipping of trophies

NEW YORK (AP) - Delta Air Lines had a major change of heart about shipping hunting trophies, announcing Monday afternoon that it would no longer accept lion, leopard, elephant, rhinoceros and buffalo trophies.As recently as May, the Atlanta-based airline had said that it would continue to allow ...

Business Briefcase

Greek stock market sheds 16.2 percentATHENS, Greece (AP) - Greece suffered its worst stock market bloodbath in decades on Monday, when it opened after a forced five-week closure, and new data showed a dismal outlook for the bailout-dependent country's shrinking economy.The main stock index shed ...

Economic rebound sets stage for Fed hike

WASHINGTON (AP) - The U.S. economy isn't moving at warp speed, but it looks like it will be strong enough to handle an expected interest rate increase later this year.Fueled by solid consumer spending, Thursday's report on the gross domestic product underscored the steady growth that is likely ...

Tsipras prevails in Greece

ATHENS, Greece (AP) - Greek Prime Minister Alexis Tsipras has defeated a bid by dissenters in his left-wing Syriza party to push for an end to bailout talks and an exit from the euro currency.Syriza's governing central committee early Friday backed a proposal by Tsipras to hold an emergency ...

Business Briefcase

Suit accuses CVS of overchargingSAN FRANCISCO (AP) - CVS deliberately overcharged some pharmacy customers for generic drugs by submitting claims to their insurance companies at inflated prices, according to a lawsuit filed on Thursday in federal court in San Francisco.The suit says those ...

Online university being investigated

WASHINGTON (AP) - The University of Phoenix, an online college popular among military veterans, is under federal investigation for possible deceptive or unfair business practices, its parent company the Apollo Education Group announced Wednesday.The for-profit, publicly traded company is the ...

Vegas looks to tame Freemont

LAS VEGAS (AP) - A bawdy gauntlet of street performers and tip-seeking costumed characters crowding Las Vegas' Fremont Street have been driving tourists away, city leaders said Wednesday as they moved toward imposing new rules to rein in the rowdy atmosphere.Sin City already has banned people ...

Stocks end day higher

NEW YORK (AP) - U.S. stocks rose on Wednesday after Federal Reserve policymakers voted to keep interest rates unchanged and gave no indication that a rate rise was imminent. A modest rebound in Chinese stocks also helped push the market higher.The Dow Jones industrial average rose 121.12 ...

Business Briefcase

Whole Foods: Sales hurt by bad publicityNEW YORK (AP) - Whole Foods says its sales are hurting from bad publicity over its overcharging of customers in New York City.The grocery chain known for its organic offerings noted that sales growth slowed sharply in the last two weeks of the quarter ...

AT&T announces 4G LTE upgrade in Barbour County

AT&T on Tuesday announced an upgrade to its mobile Internet cell service in Barbour County.AT&T reports it has upgraded an additional mobile Internet cell site in Barbour County at the intersection of U.S. 119 and U.S. 250 (near Blue and Grey Park) to expand AT&T 4G LTE ...

Micrologic opening new center

BUCKHANNON - Micrologic, a leading provider of telecommunications solutions in the region, recently announced the opening of its state-of-the-art Network Operations Center in Buckhannon.This new NOC can alert Micrologic to problems with its client's communications systems and help optimize ...