Global Glance: Fed shows uncertainty about economy, Wal-Mart employee protests in China

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Here are today’s top business headlines from across the nation and world:

Fed minutes show uncertainties about job slowdown and Brexit

WASHINGTON (AP) — Federal Reserve policymakers expressed uncertainty last month about the outlook for the U.S economy because of a sharp slowdown in job growth and the threat posed by a potential vote in Britain to leave the European Union. Minutes of the June 14-15 Fed policy meeting released Wednesday show a consensus to delay further interest rate hikes until data could show whether an anemic U.S. hiring report for May was merely a temporary blip. Read more


Wal-Mart in China faces employee protests

BEIJING (AP) — Wal-Mart faces protests by employees in China over what they say is a drastic change in work schedules as the company overhauls its struggling business amid an economic slowdown and competition from e-commerce. Weakening demand for traditional retailers has added to trouble for Wal-Mart Stores Inc., which has had slow and uneven growth since its first China outlet opened in 1996. It tried to expand into online retailing but sold its operation last month to China’s No. 2 e-commerce operator. Read more


Protestors disrupt Senate vote on genetically modified food

WASHINGTON (AP) — Protesters briefly disrupted the Senate Wednesday, tossing paper money from the visitors’ gallery and chanting, “The Senate can be bought” as lawmakers voted to move ahead with legislation that would require labeling for food products containing genetically modified organisms. The demonstration briefly stunned lawmakers as they voted and the paper cascaded down, but senators voted 65-32 to proceed with the bill. Read more


Obama heads to Europe amid British referendum’s aftershocks

WASHINGTON (AP) — President Barack Obama is slated to embark on a five-day, two-country mission to buck up a beleaguered Europe and brush back an aggressive Moscow on what is expected to be his last presidential visit to the continent. The White House says Obama will arrive with words of reassurance that Britain’s departure from the European Union – whenever it occurs – won’t disrupt the decades-old trans-Atlantic ties that bind. Read more


Coal groups worry CEOs at risk of liability for violations

CHARLESTON, W.Va. (AP) — Coal industry groups from three states are arguing that the conviction of former coal executive Don Blankenship could unfairly expose other industry leaders to criminal conspiracy charges. The Illinois, Ohio and West Virginia Coal Associations shared their concerns in a brief Tuesday with the 4th U.S. Circuit Court of Appeals, which is considering Blankenship’s appeal. Read more


More than 500,000 hoverboards recalled after fires, burns

NEW YORK (AP) — More than 500,000 hoverboards are being recalled after some of the motorized scooters overheated, burned riders and damaged property. There have been 99 reports to the Consumer Product Safety Commission of hoverboard battery packs that exploded or caught fire, the U.S. regulator said Wednesday. Read more


AAA auto club says not all gasoline is the same

Many motorists are clogging their car’s engine by not using gasoline with enough added detergents. That’s the conclusion of a study released Thursday by the AAA auto club. Read more


Danone agrees to buy food maker WhiteWave for $10 billion

PARIS (AP) — Yogurt giant Danone says it reached a $10 billion deal to buy American organic food maker WhiteWave, expanding the French company’s foothold in health foods and the U.S. market. Paris-based Danone said in a statement Thursday that it is paying $56.25 per share in the deal, 24 percent above WhiteWave’s average stock value over the past month. Including debt and other liabilities, the value of the deal reaches $12.5 billion. Read more


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