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Apple to open data center in China with government ties

SAN FRANCISCO (AP) — Apple will open a data center in mainland China with ties to the country’s government, raising concerns about the security of iCloud accounts that store personal information transferred from iPhones, iPads and Mac computers there. The data center announced Wednesday will be located in the Guizhou province and run by a company owned by the Chinese government. Apple is teaming up with the company, Guizhou on the Cloud Big Data, to comply with a new Chinese law requiring data-storage providers to keep the information of mainland China customers on computers ...

Business Highlights

FDA advisers endorse what could be 1st US gene therapy A panel of cancer experts Wednesday recommended approval of what could become the first gene therapy available in the U.S. he FDA usually follows recommendations of its expert panels, but isn’t obligated to do so. The therapy could be the first of a wave of treatments custom-made to target a patient’s cancer. Yellen says Fed watching slowdown in inflation WASHINGTON (AP) — Federal Reserve Chair Janet Yellen raised the possibility Wednesday that the Fed would consider slowing the pace of its interest rate increases if ...

Abercrombie takes itself off the block and shares plunge

NEW YORK (AP) — Abercrombie & Fitch is no longer up for sale, a development that isn’t sitting well with investors hoping for white knight to rescue the struggling teen retailer. Shares plunged 21 percent to a 17-year low Monday. Abercrombie said in May, after closing dozens of underperforming stores, that it was it in talks with several parties about a potential deal. The company said Monday that it has ended all such negotiations. More people are shopping at lower-cost, fast-fashion stores like H&M and Forever 21, and that has wreaked havoc on one-time mall mainstays like ...

US consumer credit up $18.4 billion in May, most in 6 months

WASHINGTON (AP) — American consumers increased their borrowing in May at the fastest pace in six months, reflecting a sharp rebound in the category that includes credit cards. The Federal Reserve reported Monday that total consumer borrowing rose by $18.4 billion in May, the strongest gain since a $25.1 billion increase in November. In addition, April’s gain of $8.2 billion, the weakest increase in nearly six years, was revised up to a more respectable increase of $12.9 billion. Consumer borrowing is closely watched for signals it can provide about consumer spending ...

First Choice donates to WSX

Supported by a generous contribution from First Choice America Community Federal Credit Union, the Weirton Steel 25-Year Club will stage its 71st Ladies and Men’s annual Summer Picnic 11 a.m. to 4 p.m. July 15 at the Serbian Picnic Grounds in Weirton. Pictured are (front, from left) Ernie ...

Salem Medical Center receives AHA/ASA achievement award

SALEM — Salem Regional Medical Center (SRMC) has received the American Heart Association/American Stroke Association’s Get With The Guidelines-Stroke Gold Plus Quality Achievement Award for providing high-quality stroke care. The award recognizes the hospital’s commitment and success in ensuring stroke patients receive the most appropriate treatment according to nationally recognized, research-based guidelines based on the latest scientific evidence. To receive the Gold Plus Quality Achievement Award, hospitals must have achieved 85 percent or higher adherence to all ...