Shares mixed … The fight to save Toys R Us … Look into my Crystal Ball Frappucino
BANGKOK (AP) – Shares were mixed in Asia today after U.S. stock indexes finished with small losses Wednesday following the Federal Reserve’s interest rate hike. China said it was prepared to defend its interests as the administration of President Donald Trump prepared to announce tariffs on imports from China. In early trading, shares were down in Britain, Germany and France. In Asian markets, Japan’s Nikkei and the Kospi in South Korea closed up. Hong Kong’s Hang Seng and the Shanghai Composite index closed down.
NEW YORK (AP) – The CEO of MGA Entertainment, the maker of Bratz dolls, says saving Toys R Us will be good for the toy industry. Isaac Larian and other investors have pledged some $200 million in financing, and they hope to raise four times that much in crowdfunding in an effort to save up to 400 Toys R Us U.S. stores being liquidated in bankruptcy. A bankruptcy judge would have to agree to the plan.
WASHINGTON (AP) – The Trump administration is facing off against AT&T to block the telephone giant from absorbing Time Warner, in a case that could shape how consumers get – and how much they pay for – streaming TV and movies. Opening arguments come today in the landmark antitrust case in federal court. The Justice Department has sued to block the $85 billion deal, saying it would hurt competition and consumers would have to pay more to watch their favorite shows, on TV screens, smartphones or tablets.
TEMPE, Ariz. (AP) – Two experts say a video of a deadly crash involving a self-driving Uber shows the pedestrian should have been within range of the SUV’s laser and radar sensors. Authorities investigating the crash in a Phoenix suburb released video of the Uber SUV striking a woman as she walked from a darkened area onto a street. Two experts who viewed the video told The Associated Press that the SUV’s sensors should have spotted the 49-year-old woman and her bicycle in time to brake.
NEW YORK (AP) – Starbucks is releasing its latest sugary concoction. The Crystal Ball Frappucino, festooned with candy sparkles, will be available for five days, and comes after the coffee chain released similar limited-time drinks, such as its color-changing Unicorn Frappuccino. Starbucks hopes it will be photographed by customers and spread on social media.