The makers of ByHeart infant formula say tests of products tied to a botulism outbreak show that all of the company’s products may have been contaminated. Laboratory tests of 36 samples of formula from three different lots showed that five samples contained the type of bacteria that can lead to the rare and potentially deadly…… MORE
Stocks Climb on Hopes for Lower Interest Rates as Dow Rallies 660 Points
NEW YORK (AP) — Stocks climbed again on hopes for a coming cut to interest rates. The S&P 500 rose 0.9% Tuesday after breaking out of a morning lull and is back within 1.8% of its all-time high. The Dow Jones Industrial Average rallied 664 points, and the Nasdaq composite rose 0.7%. Stocks got a…… MORE
China’s Pressure on Japan is a Familiar Tactic That Could Last for Some Time
BEIJING (AP) — China is turning to a well-used playbook to express its displeasure with Japan over a statement by its prime minister on Taiwan. Beijing is using its economic clout to pressure Tokyo while hurling a barrage of invective at its government. A Chinese advisory against travel to Japan has led to cancellations for…… MORE
Federal Agency Boosts Size of Most Single-Family Loans the Government Can Guarantee to $832,750
The Federal Housing Finance Agency is increasing the size of home loans that the government can guarantee against default as it takes into account rising housing prices. Beginning next year, mortgage buyers Fannie Mae and Freddie Mac will be able to acquire loans of up to $832,750 on single-family homes in most of the country,…… MORE
Tyson’s Beef Plant Closure in Nebraska Will Impact a Reliant Town and Ranchers Nationwide
OMAHA, Neb. (AP) — Tyson Foods’ decision to close a beef plant in Lexington, Nebraska, could devastate the small city and undermine the profits of ranchers nationwide. The closure of the plant and one of two shifts at a plant in Texas will reduce beef processing capacity nationwide by 7-9% and lead to lower cattle…… MORE