Global Glance: EPA to regulate airliner pollution, Trade group raises sales forecast

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

EPA moves to regulate climate-warming airliner pollution

WASHINGTON (AP) — The government has found that jet engine exhaust is adding to climate change and endangering human health, and needs to be regulated. The Environmental Protection Agency announced Monday that it will use its authority under the Clean Air Act to impose limits on aircraft emissions. Proposed rules such as imposing fuel-efficiency standards have faced stiff opposition from aircraft makers and commercial airlines. Read more

Trade group raises 2016 sales growth forecast to 3.4 percent

NEW YORK (AP) — A trade group raised its forecast Tuesday for retail sales growth this year to 3.6 percent, with more help from online sales, as the economy improves. That’s up from its previous forecast of 3.1 percent growth, the National Retail Federation said. The revision includes expected 7 percent to 10 percent growth in online and other non-store sales, up from its earlier 6 percent to 9 percent forecast. Read more

Verizon could boost Yahoo ad targeting, but challenges ahead

NEW YORK (AP) — Verizon’s deal for Yahoo could give the phone company a stronger foothold in digital advertising as it takes what it knows about its customers’ whereabouts and combines that with Yahoo’s popular destinations and AOL’s advertising expertise. To boost traffic and revenue even more, Verizon could also ship some phones with Yahoo apps already installed. Ultimately, Verizon could do what Yahoo alone could not: make money off its highly trafficked properties, such as Yahoo Sports and Yahoo Finance. Read more

Judge set to decide on $15 billion Volkswagen settlement

SAN FRANCISCO (AP) — A $15 billion settlement over Volkswagen’s diesel emissions cheating scandal faced a critical test, as a federal judge decided whether to grant it preliminary approval. U.S. District Court Judge Charles Breyer was scheduled to consider the settlement during a hearing on Tuesday and appeared inclined to approve it. Preliminary approval would allow attorneys to notify vehicle owners of the terms, which include a buyback option. Read more

Solar plane’s arrival highlights UAE’s clean-energy push

ABU DHABI, United Arab Emirates (AP) — The United Arab Emirates might not seem like an obvious spot to begin and end a globe-spanning flight promoting renewable energy. Yet this federation of sheikhdoms on the Persian Gulf has emerged as an unlikely champion of clean energy. One way is by backing the Solar Impulse 2 solar plane, which ended its groundbreaking round-the-world flight on Tuesday in Abu Dhabi and counts Emirati renewable-energy company Masdar among its sponsors. Read more

Former Oregon lumber town rides digital wave to a comeback

PRINEVILLE, Oregon (AP) — Amid restrictions on harvesting from federal lands, logging started to freefall around 1990. Mills began closing in Crook County, Oregon. The global recession hit a few years later. Unemployment soared to around 20 percent, the highest in Oregon. Now, the digital revolution is providing Crook County and its main town, Prineville, with a second chance. Read more

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