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October 9, 2018
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October 10, 2018
Financial News





Muted trading … Trump ethanol shift … Trashing recyclables


TOKYO (AP) – Global shares have been mixed in muted trading today amid continuing worries about trade tensions and slowing global economic growth. In early trading, France’s CAC 40 shed 0.5 percent. Germany’s DAX fell nearly 0.3 percent and Britain’s FTSE 100 edged down nearly 0.2 percent. Japan’s Nikkei closed up 0.2 percent, South Korea’s Kospi lost 1.1 percent and the Shanghai Composite gained nearly 0.2 percent. Wall Street is expected to open lower with Dow and S&P futures each down 0.1 percent.


WASHINGTON (AP) – The Trump administration will allow year-round sales of gasoline with higher blends of ethanol, a boon for Iowa and other farm states that have pushed for greater sales of the corn-based fuel. President Donald Trump announced Tuesday that he is lifting a federal ban on summer sales of high-ethanol blends.


WASHINGTON (AP) – A year after losing a $300 million no-bid contract to restore Puerto Rico’s hurricane-shattered electric grid, Whitefish Energy Holdings has quietly been seeking and winning U.S. government contracts. Founded in 2015 in Interior Secretary Ryan Zinke’s tiny Montana hometown, Whitefish had just two employees when Hurricane Maria hit in September.


ALBANY, N.Y. (AP) – A crash in the global market for recyclables has pushed the U.S. recycling industry to the breaking point. Mountains of paper have piled up at sorting centers, worthless. Cities and towns that once made money on recyclables are instead paying plants to take them. Some financially strapped recycling processors have shut down entirely. The crisis stems from a policy shift in China that rejected all but the most pristine recyclables.


SAN FRANCISCO (AP) – A San Francisco jury’s $289 million verdict in favor of a school groundskeeper who says Roundup weed killer caused his cancer will face its first court test. Agribusiness giant Monsanto will argue at a hearing on today that Judge Suzanne Bolanos should throw out the verdict that was in favor of DeWayne Johnson. Johnson’s attorneys responded in court documents that the jury was attentive and well-educated and reached a reasonable verdict.



AP-WF-10-10-18 1059GMT