Global stocks mostly lower … Moonves accusations review … Some of CA’s marijuana products are getting an ‘F’
BEIJING (AP) – Major global stock markets were mostly lower today after Wall Street’s gains as investors waited for a new U.S. tariff hike in a trade battle with China. In early trading, Germany’s DAX lost 0.1 percent, London’s FTSE 100 fell 0.3 percent and France’s CAC 40 was little-changed. The Shanghai Composite and Hong Kong’s Hang Seng closed down. Tokyo’s Nikkei closed up. Futures suggest that the Dow and S&P 500 will open unchanged.
NEW YORK (AP) – CBS says there will be a review of sexual misconduct accusations against ousted chief executive Les Moonves before it decides if he will receive any of the $120 million severance package set aside. The review is being handled by outside lawyers. Moonves resigned Sunday following the publication of a story by The New Yorker alleging misconduct. He’s denied the accusations of a total of 12 women who say they were mistreated by Moonves.
WASHINGTON (AP) – The Pentagon says that the State Department has approved the possible sale of up to nine early warning aircraft to Japan for about $3.1 billion. The department says Japan will use the Navy’s E-2D Advanced Hawkeye aircraft for greater awareness of activities in the air and sea in the Pacific region. It says the twin turbo-prop aircraft will also improve Japan’s ability to defend itself.
BERLIN (AP) – Germany’s two main department store chains are set to merge in a deal under which Canada-based Hudson’s Bay Co. will form a joint venture with Austria’s Signa. The deal announced today will bring together Karstadt, owned by Signa, and Kaufhof, owned by HBC.
LOS ANGELES (AP) – Nearly 20 percent of the marijuana and marijuana products tested in California for potency and purity have failed. That’s according to state data provided to The Associated Press. California started testing on July 1. In the first nine weeks nearly 2,000 of almost 11,000 samples failed. Testing has been especially tough on infused cookies and candies: about one-third have failed. Some in the marijuana industry say the standards are too strict and blame technical glitches for the failure rate.