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Here are today’s top business headlines from across the nation and world:
BEIJING (AP) — Facing a possible U.S. tariff hike, one of China’s biggest ball bearing makers, Cixin Group, is weighing plans to rush shipments to American customers before the increase makes its sales unprofitable. The company in the eastern city of Ningbo is among exporters of goods from motorcycle parts to electronics that are scrambling to cope with President Donald Trump’s higher duties by shipping early, raising prices or finding new markets. Read more
WASHINGTON (AP) — Sales Tax: $0. Online shoppers have gotten used to seeing that line on checkout screens before they click “purchase.” But a case before the Supreme Court could change that. At issue is a rule stemming from two, decades-old Supreme Court cases: If a business is shipping to a state where it doesn’t have an office, warehouse or other physical presence, it doesn’t have to collect the state’s sales tax. Read more
LONDON (AP) — Shares in WPP, the world’s biggest advertising company, have fallen as much as 5.6 percent amid speculation it will be broken up after the resignation of CEO Martin Sorrell. Sorrell, who built WPP into a conglomerate during his 33 years at the helm, stepped down after an investigation into allegations he misused company assets. He denies any wrongdoing. Read more
LAS VEGAS (AP) — The low-cost carrier Allegiant Air is under fire following a “60 Minutes” investigation that is raising significant safety concerns. Investigators with the news program found that between Jan. 1, 2016 and October 2017, the Las Vegas airline experienced more than 100 serious mechanical incidents, including aborted takeoffs, rapid descents, flight control malfunctions and midair engine failures. Read more
WASHINGTON (AP) — Deep within President Donald Trump’s plan to combat opioid abuse, overshadowed by his call for the death penalty for some drug traffickers, is a push to expand the use of medication to treat addiction. It’s a rare instance in which Trump isn’t trying roll back Obama administration policies, and where fractious Republicans and Democrats in Congress have come together. Read more
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