Stocks higher ... Promoting women ... Venezuelan reforms
Aug. 20, 2018
NEW YORK (AP) — Stocks are mostly higher in afternoon trading. Traders are bidding up shares in big department store chains and industrial companies. Macy's jumped more than 4 percent and Boeing rose 1.5 percent. Energy stocks have climbed along with the price of oil. Benchmark U.S. crude was trading above $66 per barrel in New York.
NEW YORK (AP) — A former Silicon Valley CEO will lead one of the oldest organizations dedicated to promoting women in the workplace. Lorraine Hariton becomes CEO at Catalyst. She says the "timing is fantastic." She says the #MeToo movement has created a level of awareness of gender equality that she's not seen since she began her business career at IBM in the 1970s. Hariton has been the CEO at two tech startups, Beatnik and Apptera.
CARACAS, Venezuela (AP) — Venezuela has begun to launch dramatic reforms announced by President Nicolas Maduro to rescue a downward-spiraling economy, including a new currency and a more-than-3,000 percent hike in the minimum wage. The changes start with the introduction of a currency that lops five zeros off the country's fast-depreciating bills. Maduro says he'll also raise gasoline prices to international levels — a combination of measures critics say will only make things worse.
OKLAHOMA CITY (AP) — Frontier Airlines says it has suspended a pilot accused of threatening on Facebook to harm a 12-year-old transgender girl for using the girls' bathroom at her Oklahoma school. Frontier spokesman Jonathan Freed says in a statement that the pilot was suspended Aug. 13 pending an investigation. He declined to release the pilot's name. The Achille (ATCH'-ih-lee) schools closed for two days last week after adults made threatening comments on Facebook about the student's use of a girls' bathroom.
BALLSTON SPA, N.Y. (AP) — A 7-year-old New York boy is selling lemonade again after a state health inspector put the squeeze on him last month. Brendan Mulvaney raised more than $900 this weekend for the family of a 12-year-old girl who's facing surgery this week to fix a bowleg deformity from a rare bone disease. The inspector had shut down Brendan's stand in Ballston Spa because he didn't have a permit to sell 75-cent lemonade. State officials say vendors from a nearby county fair had complained.