THE RE­CAP

The Washington Post Sunday - - TAKING STOCK -

Busi­ness

Ford launched a car-shar­ing pro­gram to help cus­tomers rent out their ve­hi­cles to pre-screened driv­ers in a bid to keep up with the chang­ing habits of U.S. driv­ers.

Thirty-five earth­quakes of mag­ni­tude 3.0 or greater over seven days in Ok­la­homa, in­clud­ing some in the Ok­la­homa City area, have forced the state’s energy reg­u­la­tor to ur­gently con­sider tougher re­stric­tions on drilling ac­tiv­ity, said a spokesman, who called the spike a “game changer.”

Google is con­vert­ing an old coal­burn­ing power plant in Alabama into a sleek data cen­ter run­ning on re­new­able energy. The $600 mil­lion pro­ject marks Google’s first com­mit­ment in eight years to build a U.S. data cen­ter.

Boe­ing said it would slow pro­duc­tion of its 747-8 jumbo jet by 23 per­cent to one per month start­ing in March, an ef­fort to keep the pro­duc­tion line run­ning amid slug­gish de­mand for the dis­tinc­tive humped-top plane.

Net­flix will ex­e­cute a seven-for-one stock split next month in a widely an­tic­i­pated move de­signed to make the In­ter­net video ser­vice’s shares more af­ford­able to more in­vestors.

U.S. air­lines con­tinue to col­lect record fees from pas­sen­gers who check suit­cases or make changes to their reser­va­tions. In the first three months of this year, air­lines took in $1.6 bil­lion in such fees, up 7.4 per­cent from a year ago.

Lu­lule­mon Ath­let­ica, which was hit by a high-pro­file re­call of overly sheer yoga pants in 2013, is re­call­ing the draw­strings on more than 300,000 women’s tops be­cause of the risk of in­jury. A New York City con­sumer agency ac­cused Whole Foods of “sys­temic over­charg­ing” for prepack­aged items.

Cap­i­tal Busi­ness

Un­em­ploy­ment rates in Mary­land, Vir­ginia and the Dis­trict re­mained largely un­changed in May. The Bureau of La­bor Sta­tis­tics data were an early in­di­ca­tion that the vi­o­lent protests in Bal­ti­more over Fred­die Gray’s death did not dam­age the re­gion’s econ­omy.

Deals

The Euro­pean own­ers of gro­cery stores Gi­ant, Stop & Shop and Food Lion said they plan to com­bine, cre­at­ing what would be one of the largest su­per­mar­ket chains in the United States. Bri­tish mag­nate Richard

Bran­son an­nounced that Vir­gin Cruises will sail its first ship out of Port Mi­ami in 2020. Tom McAlpin, chief ex­ec­u­tive of Vir­gin Cruises, said the Ital­ian ship­build­ing com­pany Fin­cantieri will build three mid­size ves­sels to be de­liv­ered in 2020, 2021 and 2022, with 1,430 cab­ins to ac­com­mo­date more than 2,800 guests.

Cigna re­jected a $47 bil­lion takeover bid that An­them made, say­ing it was in­ad­e­quate. An­them re­it­er­ated its com­mit­ment to strik­ing a deal with the smaller health in­surer.

Econ­omy

Poor whites tend to live in more af­flu­ent neigh­bor­hoods than mid­dle-class blacks and Lati­nos, ac­cord­ing to a study by scholars at Stan­ford.

The U.S. econ­omy con­tracted in the first quar­ter at a sea­son­ally ad­justed an­nual rate of 0.2 per­cent from Jan­uary through March, bet­ter than last month’s es­ti­mate of a 0.7 per­cent de­crease.

About 1 in 4 peo­ple, or 29 per­cent, don’t have money set aside to cover emer­gen­cies, up from 26 per­cent last year, ac­cord­ing to an an­nual sur­vey from Bankrate.com. The find­ings pointed to the low­est sav­ings rates seen in five years.

Earn­ings

Mon­santo re­ported bet­ter-thanex­pected earn­ings re­sults for the third quar­ter as ex­ec­u­tives of the agri­cul­tural gi­ant con­tin­ued to make a case for a $45 bil­lion takeover of Syn­genta. The Swiss crop-chem­i­cal pro­ducer has re­jected Mon­santo’s un­so­licited of­fers three times.

Nike re­ported a bet­ter-thanex­pected profit for the eighth quar­ter in a row as it sold more high­mar­gin bas­ket­ball shoes and ap­parel at higher prices. Nike’s Jor­dan, LeBron, Kobe and KD bas­ket­ball shoe brands have been es­pe­cially pop­u­lar in the United States, help­ing drive sales for the com­pany’s footwear di­vi­sion.

Washington

Sysco’s planned $3.5 bil­lion takeover of US Foods was blocked by a fed­eral judge, who granted the Fed­eral Trade Com­mis­sion’s re­quest to de­lay a merger of the food dis­tri­bu­tion giants. The case shifts to the FTC’s in-house ad­min­is­tra­tive court, where the agency will seek to per­ma­nently block the deal.

Auto parts gi­ant Takata ig­nored deadly airbag flaws and skipped global safety checks to save money in the years be­fore the largest U.S. auto re­call was launched, ac­cord­ing to a con­gres­sional re­port cited dur­ing a Se­nate hear­ing.

A de­ci­sion on AT&T’s merger with DirecTV is ex­pected any day, and sud­denly fed­eral of­fi­cials are be­ing swarmed with vis­its and calls by the com­pa­nies, which are ar­gu­ing over de­tails of the con­di­tions at­tached to any ap­proval— a good sign for the merger’s chances. Fed­eral reg­u­la­tors handed TMo­bile a de­feat de­spite its mas­sive lob­by­ing blitz for more fa­vor­able treat­ment in an up­com­ing auc­tion of wire­less air­waves.

Tran­si­tions

Lisa P. Jack­son, for­mer head of the En­vi­ron­men­tal Pro­tec­tion Agency and Ap­ple’s top ex­ec­u­tive on en­vi­ron­men­tal is­sues, will be­come Ap­ple’s lead on all pol­icy ini­tia­tives, in­clud­ing en­vi­ron­ment, ed­u­ca­tion and ac­ces­si­bil­ity pro­grams.

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