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SAN FRANCISCO:

A 40-foot (12.19-meter) electric bus from Proterra Inc traveled 1,101.2 miles (1,772.21 km) at low speed without recharging, cruising to a new electric vehicle range record, the California manufacturer said on Tuesday.

Bus and truck companies are beginning to launch electric models, typically for light- and medium-duty tasks. The new technology often carries a high price, though, and a major challenge is creating vehicles with acceptable range at a competitive price.

A typical Proterra bus costs around $750,000 compared with roughly $500,000 for a typical diesel bus, chief commercial officer Matt Horton said in an interview. RTRS)

NEW YORK:

Apple Inc’s newest operating system for iPhones and iPads introduces changes to its marketplace for third-party software to satisfy app developers and add new so-called augmented reality apps.

The system, called iOS 11, is being released on Tuesday ahead of its two newest phone handsets, the iPhone 8 and iPhone X, set to start shipping to customers on Friday and Nov. 3, respectively. The most visible changes will come to App Store. The App Store is the backbone of Apple’s services segment, which brought in $21.5 billion in revenue in the past nine months, a 19 percent increase over the previous year and a bright spot as overall sales grew only 5 percent. (RTRS)

NEW YORK:

Walgreens, Rite Aid revise store purchase deal to $4.38B

Walgreens and Rite Aid have finally devised a combination of the nation’s largest and third-largest drugstore chains that will get past antitrust regulators.= Walgreens and Rite Aid have finally devised a combination of the nation’s largest and third-largest drugstore chains that will get past antitrust regulators.

The companies said Tuesday that they have Federal Trade Commission clearance for a slimmer version of a store-purchase agreement announced in June. Walgreens will now spend $4.38 billion on 1,932 stores, three distribution centers and inventory. (AP)

NEW YORK:

Industry analysts say Adidas has surpassed Brand Jordan as the second most popular sneaker line in the US.

The NPD Group tracks consumer sales and says Adidas sneaker sales jumped by the more than 50 percent in August 2017 compared with the same month last year. The group says the German company’s share of the overall sneaker market was boosted by nearly half to 13 percent.

NPD Group analyst Matt Powell calls Adidas’ rise to No. 2 in US sneaker sales an achievement he never thought he’d see in his lifetime. (AP)

ST LOUS:

Bob Evans Farms is being sold to Post in a deal worth about $1.53 billion, giving the cereal maker a stronger presence in the grocery store through Bob Evans’ valuable refrigerated sides business.

Bob Evans makes things like refrigerated potato, pasta and frozen convenience food items under a number of brands other than Bob Evans, such as Owens, Country Creek and Pineland Farms. Bob Evans, founded in 1948, also has a foodservice business that sells products including sausage, sausage gravy, breakfast sandwiches and side dishes. It sold its restaurant chain to Golden Gate Capital in April. (AP)

MENOMEE FALLS:

Kohl’s, which is opening some in-store Amazon shops, will start accepting returns for the online retailer at some of its stores in Los Angeles and Chicago starting next month.

Kohl’s Corp said Tuesday it will pack and ship eligible Amazon return items for free at the 82 stores offering the service. There will be designated parking spots near the Kohl’s store entrances for those doing Amazon returns. While the service will allow Kohl’s customers to skip their local post office for Amazon returns, it also gets them into Kohl’s stores — where they might then shop. (AP)

HAGATNA, Guam:

Delta Air Lines has announced it will end flights between Japan and Guam because of low demand just days after another airline delayed Japan-Guam flights because of North Korea’s threat to attack the US island territory.

Demand was not strong enough for Delta to maintain the route and the last flight will take place in January, said airline spokesman Hiroko Okada.

The carrier’s decision leaves United Airlines as the only US airline with flights between Guam and Japan. Japan Airlines also has flights from Narita airport to Guam.

Delta’s decision came after HK Express delayed Japan-Guam flights until next summer, “citing geopolitical concerns in the region.” (AP)

LONDON:

Industrial equipment rental company Speedy Hire said it expects full-year adjusted pretax profit to be well ahead of the prior year and slightly ahead of its expectations.

Analysts expect adjusted pretax profit of 20.52 million pounds for the year to March 31, according to Thomson Reuters I/B/E/S, up from 16.2 million in 2016. Speedy Hire’s stock was up 4.9 percent at 53.75 pence at 0711 GMT, making it the biggest gainer on the FTSE All Share Support Services Index. (RTRS)

BERLIN:

Airlines Condor and Eurowings plan to provide flights to the Caribbean from Duesseldorf, meeting demand from Germans seeking winter sunshine after cancellations by insolvent Air Berlin.

Air Berlin filed for bankruptcy protection in August after major shareholder Etihad pulled the plug on funding. It has been forced to scrap long-haul flights from its two bases of Duesseldorf and Berlin after a leasing company asked for its planes to be returned. (RTRS)

LISBON, Portugal:

Portugal’s telecom regulator has blocked an attempt by international operator Altice to buy control of local company Media Capital, saying it could create “significant obstacles” to competition.

The National Communications Authority, known as Anacom, said in a statement on its website Tuesday the deal needs to be reconfigured.

Netherlands-based Altice N.V., through its Portuguese telecoms company MEO, agreed in July to pay Spain’s Prisa 440 million euros ($527 million) for its 94.7 percent stake in Media Capital. (AP)