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Australian telecom Telstra to ax 8,000 jobs to save $740M

Rod McGuirk, Associated Press  |  Posted Jun 20th - 1:10am

Telstra Corp., Australia's largest telecommunications company, announced on Wednesday that it will ax 8,000 jobs — one in four employees — over three years in a bid to save 1 billion Australian dollars ($740 million).

Canadian senate passes weed bill but legalization delayed

Rob Gillies, Associated Press  |  Posted Jun 20th - 12:38am

Canada's Senate gave final passage Tuesday to the federal government's bill to legalize cannabis, though Canadians will have to wait at least a couple of months to legally buy marijuana as their country becomes the second in the world to make pot legal nationwide.

Asian stocks take a breather from trade tensions; markets up

Annabelle Liang, Associated Press  |  Posted Jun 20th - 12:20am

Asian markets were mostly higher on Wednesday as traders sidelined tariffs that the U.S. and China have threatened to impose on one another, focusing on positive housing data instead.

Fixing a massive NYC plumbing leak, 55 stories underground

Michael Hill, Associated Press  |  Posted Jun 19th - 11:58pm

New York City is in the midst of a plumbing repair job of monumental proportions.

South Korean crypto exchange loses $31 million from hack

Youkyung Lee, Associated Press  |  Posted Jun 19th - 11:31pm

A leading South Korean cryptocurrency exchange said Wednesday that $31 million worth of virtual currencies have been stolen by hackers, a latest in the series of recent hacks that raised security concerns.

Survey: Companies in China feel pressure to give up tech

The Associated Press  |  Posted Jun 19th - 11:30pm

One in five foreign companies in China feels compelled to hand over technology for market access, a business group said Wednesday, highlighting a key irritant in an escalating U.S.-Chinese trade dispute.

Commerce chief denies transactions involved insider trading

Marcy Gordon, Associated Press  |  Posted Jun 19th - 10:52pm

Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company.

DC voters nominate mayor for another term, approve tips law

Ashraf Khalil, Associated Press  |  Posted Jun 19th - 10:52pm

Washington, D.C., Mayor Muriel Bowser easily secured the Democratic Party nomination as she seeks a second term in office.

Convicted Republican businessman's company targets Democrats

Julie Carr Smyth, Associated Press  |  Posted Jun 19th - 10:08pm

An Ohio telemarketing company whose Republican owner spent more than a year in prison following a campaign finance probe has organized employees and suppliers in a retaliatory effort to bring down two prominent Democrats, The Associated Press has learned.

Atlantic City's Ocean Resort Casino (ex-Revel) seeks license

Wayne Parry, Associated Press  |  Posted Jun 19th - 10:06pm

Eight days before it plans to open, Atlantic City's Ocean Resort Casino will go before state gambling regulators to seek a casino license.

Unionized MGM workers in Las Vegas ratify contract

Regina Garcia Cano, Associated Press  |  Posted Jun 19th - 9:56pm

Thousands of unionized workers at Las Vegas casino-resorts operated by MGM Resorts International, including Bellagio, Aria and Mandalay Bay, approved a new five-year contract Tuesday.

The Latest: Unionized MGM workers in Las Vegas OK contract

The Associated Press  |  Posted Jun 19th - 9:52pm

The Latest on the ratification of a contract covering unionized workers of MGM Resorts International in Las Vegas (all times local):

Asian stocks take breather from trade tension; markets mixed

Annabelle Liang, Associated Press  |  Posted Jun 19th - 9:28pm

Asian markets were mixed on Wednesday as traders sidelined tariffs that the U.S. and China have threatened to impose on one another, focusing on positive housing data instead.

Honolulu mayor vetoes bill to limit Uber, Lyft 'surge' fares

The Associated Press  |  Posted Jun 19th - 7:49pm

Honolulu's mayor has vetoed a bill aimed at setting limits for what ride-hailing services such as Uber and Lyft can charge during peak demand.

Washington, D.C., passes ballot initiative that would eliminate 2-tiered minimum wage for tipped employees

The Associated Press  |  Posted Jun 19th - 7:39pm

Washington, D.C., passes ballot initiative that would eliminate 2-tiered minimum wage for tipped employees.

California lawmakers move closer to regional electric grid

Jonathan J. Cooper, Associated Press  |  Posted Jun 19th - 7:19pm

A contentious proposal to link oversight of California's electric grid with other states in the U.S. West narrowly cleared a legislative hurdle Tuesday, keeping alive a proposal that has divided environmentalists over the best way to expand renewable energy.

After query, Ross shorted stock in Kremlin-tied firm: report

Marcy Gordon, Associated Press  |  Posted Jun 19th - 7:16pm

Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company.

Starbucks to accelerate store closings next year

The Associated Press  |  Posted Jun 19th - 6:17pm

Starbucks says it will accelerate its store closings in the U.S. next year as it tries to boost sluggish sales.

Google, Facebook, others speak out against child separation

Dee-Ann Durbin, Associated Press  |  Posted Jun 19th - 6:06pm

if any — they will have.