Category Archives: 24/7 Newsroom News

US Tariffs Are Having an Uneven Effect on Holiday Prices and Purchases

US Tariffs Are Having an Uneven Effect on Holiday Prices and Purchases

NEW YORK (AP) — Many U.S. consumers say they’ve noticed higher than usual prices for holiday gifts in recent months, according to a a December poll from The Associated Press-NORC Center for Public Affairs Research. A contributing factor is the unusually high import taxes the Trump administration put on foreign goods. While the worst-case consumer…MORE

FDA Oks Libido-Boosting Pill for Older Women Who Have Gone Through Menopause

FDA Oks Libido-Boosting Pill for Older Women Who Have Gone Through Menopause

WASHINGTON (AP) — U.S. health officials have expanded approval of a drug that boosts libido in women who report stress due to a low sex drive. The Sprout Pharmaceuticals drug, Addyi, is now approved for women up to age 65 who’ve gone through menopause. Previously, the once-a-day pill was only for premenopausal women. The drug…MORE

Ford Scraps Fully-Electric F-150 Lightning as Mounting Losses and Falling Demand Hits EV Plans

Ford Scraps Fully-Electric F-150 Lightning as Mounting Losses and Falling Demand Hits EV Plans

DETROIT (AP) — Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles. Instead it’ll invest in more efficient gasoline-engines and hybrid EVs, the company said Monday. The Detroit automaker, which has poured billions of dollars into electrification along with most of its…MORE

Roomba Maker iRobot Files for Bankruptcy Protection; Will Be Taken Private Under Restructuring

Roomba Maker iRobot Files for Bankruptcy Protection; Will Be Taken Private Under Restructuring

Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company’s primary contract manufacturer. The Bedford,…MORE

Spain Fines Airbnb $75 Million for Unlicensed Tourist Rentals

Spain Fines Airbnb $75 Million for Unlicensed Tourist Rentals

MADRID (AP) — Spain’s government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain’s ongoing efforts to regulate short-term rental companies…MORE

Farmers and Politics Threaten to Put EU’s Free-trade Deal With South America on Ice

Farmers and Politics Threaten to Put EU’s Free-trade Deal With South America on Ice

BRUSSELS (AP) — France is creating a last-minute hurdle for a major trade deal between the European Union and the Mercosur bloc. European farmers are protesting in Brussels, fearing competition from the deal. Negotiators thought they would finalize it this year. The agreement would gradually remove duties on nearly all goods traded between the EU…MORE

Rob Reiner and His Wife Found Dead in Los Angeles Home

Rob Reiner and His Wife Found Dead in Los Angeles Home

LOS ANGELES (AP) — Director-actor Rob Reiner and his wife Michele were found dead Sunday at Reiner’s Los Angeles home, according to a law enforcement official. The official spoke anonymously to The Associated Press. The Los Angeles Fire Department responded to a medical aid request around 3:30 p.m. and discovered a 78-year-old man and a…MORE