Making a $1B investment in the US? Trump pledges expedited permits -- but there are hurdles
WASHINGTON (AP) -- President-elect Donald Trump is promising expedited federal permits for energy projects and other construction worth more than $1 billion. But like other Trump plans, the idea is likely to run into regulatory and legislative hurdles, including a landmark law that requires federal agencies to consider the environmental impact before deciding on major projects. Environmental groups called the plan a clear violation of the National Environmental Policy Act. The chief policy advocacy officer at the Natural Resources Defense Council says Trump should be careful what he wishes for. She said, "What if someone wants to build a waste incinerator next to Mar-a-Lago or a coal mine next to Bedminster golf course?"
Trump says he'll name Andrew Ferguson head of FTC and Kimberly Guilfoyle as ambassador to Greece
WASHINGTON (AP) -- President-elect Donald Trump has made another flurry of job announcements. He said Tuesday that he had selected Andrew Ferguson as the next chair of the Federal Trade Commission, Kimberly Guilfoyle as the ambassador to Greece and Tom Barrack as the ambassador to Turkey. Ferguson is already one of the FTC's five commissioners and will replace Lina Khan. She became a lightning rod for Wall Street and Silicon Valley by blocking billions of dollars' worth of corporate acquisitions and suing Amazon and Meta while alleging anticompetitive behavior. Guilfoyle became engaged to Don Trump Jr. in 2020, adn Tom Barrack is a longtime friend who was also the former Trump inaugural chair.
Proposed merger of supermarket giants Kroger and Albertsons is halted by federal, state judges
The proposed $24.6 billion merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the deal. A federal judge in Oregon temporarily blocked the proposed merger until an in-house administrative judge at the Federal Trade Commission considers it. Shortly afterward, a judge in Washington state issued a permanent injunction barring the merger in that state, saying it lessens competition. Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. But the Federal Trade Commission and the state of Washington sued earlier this year. Kroger and Albertsons said Tuesday they are disappointed in the decisions and are reviewing their options.
Biden says he was 'stupid' not to put his name on pandemic relief checks like Trump did
WASHINGTON (AP) -- President Joe Biden says he was "stupid" not to put his own name on pandemic relief checks in 2021, like Donald Trump had done in 2020. He noted Tuesday in a speech at the Brookings Institution that Trump likely got credit for helping people out through this simple, effective act of branding. Biden did the second-guessing as he defended his economic record and challenged Trump to preserve Democratic policy ideas when he returns to the White House next month. Trump's decision to add his name to the checks sent by the U.S. Treasury to millions of Americans struggling during the coronavirus marked the first time a president's name appeared on any IRS payments.
Former chairman of state-owned bank China Everbright Group jailed for 12 years for corruption
BEIJING (AP) -- Chinese official broadcaster CCTV says a former chairman of the state-owned bank China Everbright Group has been jailed 12 years for embezzlement and bribery. Tang Shuangning, who had also held senior posts at the People's Bank of China and the China Banking Regulatory Commission, was arrested in January, part of a wider wave of prosecutions of senior officials accused of financial crimes. A court in the city of Tangshan, about 100 miles east of Beijing, found him guilty of taking advantage of his position at the state-owned bank in "seeking convenience for others" in jobs and loans, in exchange for illegal payments. The court said he had accepted illegal property with a total value of more than $1.5 million.
Trustee over Infowars auction asks court to approve The Onion's winning bid
A trustee who oversaw the bankruptcy auction of Alex Jones' Infowars is asking a judge to approve The Onion's winning bid for the conspiracy-filled platform. Trustee Christopher Murray took the stand Tuesday in the second day of testimony at a hearing where a judge is scrutinizing the satirical news outlet's winning offer. He told U.S. Bankruptcy Judge Christopher Lopez in Houston that he was asking the court to approve the sale of Infowars' parent company to The Onion's parent company. It is not clear how quickly Lopez will rule. The Onion wants to turn Infowars' website and social media accounts into parodies.
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
DETROIT (AP) -- General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit. Instead the Detroit automaker will focus on development of partially automated driver-assist systems like its Super Cruise, which allows drivers to take their hands off the steering wheel. In a statement Tuesday, GM said it would get out of robotaxis due to what it described as the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market.
What did you Google in 2024? From the elections to Copa América, here's what search trends show
NEW YORK (AP) -- Remember what you searched for in 2024? Google does. Google has released its annual "Year in Search," rounding up 2024's top trending searches. It shows terms that saw the highest spike in traffic compared to last year. Sports -- particularly soccer and cricket -- dominated overall search trends, led by queries for Copa América, the UEFA European Championship and ICC Men's T20 World Cup. Meanwhile, the U.S. election led news-specific searches worldwide. Queries about excessive heat and this year's Olympic Games followed. U.S. President-elect Donald Trump topped searches in Google's people category this year -- followed by Catherine, Princess of Wales, U.S. Vice President Kamala Harris and Algerian boxer Imane Khelif.
US defense secretary in Japan to support alliance as Osprey aircraft safety causes concern
TOKYO (AP) -- U.S. Defense Secretary Lloyd Austin has met with officials in Japan to reaffirm the importance of their alliance and Washington's commitment to regional security as threats rise from China and North Korea. Austin's visit on Tuesday also came amid growing concerns over the safety of Ospreys. The military aircraft have been grounded in the United States following a near crash at Cannon Air Force Base in New Mexico last month. The incident was caused by weakened metal components. It was similar to a fatal crash off southwestern Japan last year. The U.S. measure prompted the suspension of Ospreys operated by Japan's Ground Self-Defense Force.
Small businesses plan events, start marketing earlier to deal with shorter holiday shopping season
The holiday shopping season is underway, and this year small businesses have less time to capitalize on the busy shopping period. Only 27 days separate Thanksgiving and Christmas -- five fewer than last year. But there are still ways to make the most of a shorter season. One key strategy is for owners to promote deals to customers wherever they can, from social media to physical ads. The National Retail Federation predicts that retail sales will rise between 2.5% and 3.5% compared with same period a year ago. Online shopping is expected to grow too. Adobe Digital Insights predicts an 8.4% increase online for the full season.