Stocks edge higher...Kroger considers selling convenience stores...JetBlue says hurricanes were costly
NEW YORK (AP) — Stock indexes are edging higher in early trading on Wall Street. Household goods makers and health care companies are rising, while banks and energy companies fall. Kroger is jumping after saying it will consider selling its convenience store business. Luxury handbag maker Coach is falling after saying it will change its name to Tapestry.
NEW YORK (AP) — Supermarket operator Kroger says it’s considering selling its gas station convenience stores, such as KwikShop, Loaf ’N Jug and Turkey Hill Minit Markets. Kroger Co. says the business, which has more than 780 stores and 11,000 employees, would be more valuable outside the company. A sale would leave Kroger with about 2,800 supermarkets.
NEW YORK (AP) — JetBlue Airways says hurricanes will cost the airline more than $100 million in lost revenue and cut into profits for the third and fourth quarters. JetBlue says the storms cut revenue by $44 million in the third quarter and between $70 million and $90 million in the fourth quarter. The airline flies to many destinations in Florida and the Caribbean, where several airports were closed due to storm damage.
MOUNTAIN VIEW, Calif. (AP) — Mark Zuckerberg has apologized for showcasing Facebook’s virtual reality capability with a tour of hurricane-ravaged Puerto Rico. The Facebook founder and another executive discussed the platform’s virtual reality project through avatars in a video recorded live Monday. The video begins with the avatars pictured on the roof of Facebook’s headquarters before heading to Puerto Rico, using a 360-degree video recorded by National Public Radio as a backdrop. Zuckerberg says he’s sorry to anyone who was offended.
NEW YORK (AP) — Remember when your parents first let you shop at the mall by yourself? Amazon is trying to replicate that feeling for the digital generation. The online retail giant says teens can now shop on Amazon on their own, if their parents let them. Adults can add up to four teenagers to their Amazon account and give them their own login information to buy stuff from the Amazon app. Parents get notifications when something is bought, and they can set spending limits and cancel orders.