Bezos buying Post
From our wire services
Amazon.com founder Jeff Bezos is buying The Washington Post and other newspapers for $250 million. The longtime publisher, The Washington Post Co., said Bezos is buying the paper as an individual. Amazon.com Inc. is not involved.
Pa. slots decline
The Pennsylvania Gaming Control Board said July revenue from slot machine play at the 12 operating casinos was $205 million, 3.7 percent lower than the same period a year ago, when one of them (the Lady Luck Casino Nemacolin) wasn't opened yet. For the 11 casinos operating in both periods, slot revenue decreased 4.8 percent.
Three bidders who fell short in their attempts to purchase The Boston Globe say they offered more than Boston Red Sox owner John Henry's winning $70 million bid and criticized the decision of the seller, The New York Times Co., to make a deal with him. Springfield, Mass., television station owner John Gormally, West Coast investment executive Robert Loring and U-T San Diego chief executive John Lynch all said their groups' bids bested Henry's.
The Massachusetts Gaming Commission has disqualified the owners of the Plainridge Racecourse from pursuing the state's sole slots parlor license. The commission said Plainridge's owners failed to present "clear and convincing evidence as to business practices that will likely lead to a successful gaming operation."
Twinkies are back on shelves, and the new owners of Drake's cakes say Coffee Cakes, Devil Dogs, Ring Dings and Yodels will return next month. McKee Foods Corp. plans to bring back the snack cakes in the third week of September. The company hasn't decided whether to bring back Funny Bones.
Worldwide shipments of tablet computers slowed down in the second quarter because Apple didn't release a new model of its trend-setting iPad, research firm IDC said. Shipments totaled 45.1 million units in the April-June period, down nearly 10 percent from the first three months of the year but up nearly 60 percent from a year ago.
A botulism scare has prompted China and Russia to stop importing New Zealand milk powder and other dairy products, denting the country's reputation as a supplier of safe, high- quality food. New Zealand dairy giant Fonterra announced Saturday that up to 1,000 tons of products could be tainted.
IMF warns Japan
The International Monetary Fund said Japan's economy is recovering from years of stagnation, but far-reaching reforms and a "credible plan" are needed to reduce its debt mountain and sustain growth in the long run.
It forecasts that Japan's economy will grow 2 percent in 2013, but will expand only 1.2 percent in 2014.
Chevron pays $2M
Chevron on Monday agreed to pay $2 million in fines and restitution and pleaded no contest to six charges in a fire at its refinery in the San Francisco Bay Area city of Richmond. Charges included failing to correct deficiencies in equipment and failing to require the use of certain equipment to protect employees from potential harm.
Soda limit appeal
New York State's highest court should consider New York City's effort to put a 16-ounce size limit on nondiet sodas and other high-calorie soft drinks sold at many restaurants, city lawyers argued in an appeal. The request had been expected after a mid-level appeals court ruled last week against the measure.