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Ex-Fed Chair Volcker Dies, Tamed Inflation with Recession

Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died.

Dunkin’ Bans the ‘Double-Cup’ as It Swaps Foam for Paper

The Dunkin’ coffee chain says customers will have to do without a “double cup” for their iced drinks.

No. 1 Milk Company Declares Bankruptcy Amid Drop in Demand

Dean Foods, America’s biggest milk processor, has filed for bankruptcy amid a decades-long drop-off in U.S. milk consumption blamed on changing trends and a growing variety of alternatives.

Google Buys Fitbit for $2.1B, Stepping Back into Wearables

Fitbit is being acquired by Google for about $2.1 billion, a deal that enables the internet company to step back into the hotly contested market for smartwatches and health and fitness trackers.

Disabled California Seniors in Complex Left Behind During Outage

At least 20 seniors with wheelchairs and walkers were essentially trapped, in the dark, in a low-income apartment complex in Northern California during a two-day power shut-off aimed at warding off wildfires.

NCAA Board Approves Athlete Compensation for Image, Likeness

The board asked each of the NCAA’s three divisions to create the necessary new rules beginning immediately and have them in place no later than January 2021.

Coal Giant Murray Energy Seeks Bankruptcy Protection

A major U.S. coal mining company is seeking bankruptcy protection, joining a growing list of struggling coal operations as communities switch away from fossil fuel to less-polluting renewable energy or natural gas.

Blackouts Possible Again as Fire Danger Looms in California

Less than two weeks after blacking out much of Northern California, the state's largest utility is warning that dangerous fire weather could prompt it to shut off power to about a half-million people.

FAA Confronts Boeing Over Internal Messages Revealing Flaws

Boeing turned over a transcript of the messages to Congress and the Transportation Department, and the reaction was swift and negative.

J&J Recalls Baby Powder After Trace Asbestos Found in Bottle

The recall comes as J&J fights thousands of lawsuits in which plaintiffs claim its iconic baby powder was contaminated with asbestos and that it caused ovarian cancer or another rare cancer.

Taco Bell Pulls Beef from Some Stores on Quality Concerns

Taco Bell restaurants in some states are asking customers to try chicken or steak in their burritos after quality concerns pushed it to stop serving seasoned beef temporarily.