Business Highlights

___Uber reveals finances as it gears up for IPOSAN FRANCISCO (AP) — Uber is providing a look under the hood of its business in the lead-up to its hotly anticipated debut on the stock market. New documents released offer the most detailed view of the world’s largest ride-hailing service since its inception a decade ago. The breakdown shows Uber has been generating the robust revenue growth that entices investors, and it turned a profit in 2018, reversing a history of losses.___Apartment rents climbing, and poised to go higherNEW YORK (AP) — It’s a great time to be a landlord in America, not so much if you’re a renter. Apartment rents are continuing to rise this year, fueled by higher demand from millennials seeking a place of their own, strong job growth and rising wages. The U.S. median rent climbed 3.4% in March from a year earlier to $1,535, according to data from online rental housing portal HotPads.___China says trade talks with US ‘moving forward’BEIJING (AP) — China says trade talks with the U.S. are “moving forward” after nine rounds of consultations aimed at ending a standoff that has shaken financial markets and darkened the world economic outlook. Foreign Ministry spokesman Lu Kang says the latest discussions had achieved “new substantial progress.” Three days of talks last week dealt with issues including technology transfer, intellectual property rights protection, non-tariff measures, agriculture and enforcement.___50-year low in jobless claims but not just from few layoffsWASHINGTON (AP) — The fewest people in nearly 50 years sought unemployment benefits last week, a sign of a strong job market and unusually low level of layoffs. Yet the sinking pace of layoffs isn’t due solely to a tight employment picture. Many states have imposed stricter rules on their unemployment insurance programs, from making it harder to qualify to reducing the duration of benefits to cutting payouts.___UK’s May says politicians have duty to complete BrexitLONDON (AP) — Granted a Brexit reprieve by the European Union, British Prime Minister Theresa May is urging lawmakers to pause, reflect on the need for compromise — and then fulfil their “national duty” to approve a Brexit deal and take Britain out of the EU. But there was little sign the U.K.’s divided and exhausted lawmakers had heeded the EU’s plea not to waste the six months of extra time.___‘A monopoly on information’: Russia closes grip on internetMOSCOW (AP) — Russian lawmakers have approved a bill that would expand government control over the internet. Opponents fear the move heralds a new era of widespread censorship. Backers of the bill say it would help Russia from cyberattacks and could shield the country from critical Western media. The bill passed a second reading Thursday, the most crucial phase that lays out the detail of the prospective law.___2020 candidate Warren proposes new tax on corporate profitsWASHINGTON (AP) — Democratic presidential candidate Elizabeth Warren is proposing a new tax on corporate profits that’s designed to prevent business giants from taking advantage of the existing tax code to effectively pay a zero rate. The 7% tax on corporate profits above $100 million is the latest in a series of ambitious policy proposals from the Massachusetts senator. It’s in line with her broader push to rein in such industries as the financial sector and technology firms.___Boeing makes 96 flights to test software on troubled Max jetDALLAS (AP) — Boeing’s CEO says the company has made nearly 100 flights to test a software update to its troubled 737 Max jet. The plane has been grounded after two deadly crashes. Boeing is also meeting with airline officials and pilots in the US, UK, Singapore and China as it seeks to rebuild confidence in its bestselling plane.___Bezos, hunting for big wins, is comfortable with big failsNEW YORK (AP) — Amazon’s Jeff Bezos says the company is getting bigger and he’s comfortable with even bigger failures in the quest for big wins. Bezos released his annual letter to shareholders Thursday and covered a lot of ground, including a challenge to rivals to match Amazon’s starting hourly wage and benefits package for workers.___Top IMF official warns global economy facing various threatsWASHINGTON (AP) — The head of the 189-nation International Monetary Fund says the world is facing a time of high uncertainty with 70 per cent of the global economy caught in a growth slowdown. Christine Lagarde said that slowdown could be worsened by self-inflicted wounds such as unnecessary trade battles.___Stocks struggle to a mixed finish after early rally sputtersNEW YORK (AP) — The major U.S. stock indexes closed unevenly Thursday after an early rally gave way to a mostly sideways day of trading on Wall Street. Losses in health care stocks mostly offset gains in industrial companies, banks and elsewhere in the market. Technology stocks also fell. The listless day of trading came as investors looked ahead to Friday, when major banks are due to report their first-quarter results, paving the way for a wave of company earnings reports the next few weeks.___The S&P 500 index eked out a tiny gain, adding 0.11 of a point, or less than 0.1%, to 2,888.32. The Dow Jones Industrial Average fell 14.11 points, or 0.1%, to 26,143.05. The Nasdaq composite slid 16.88 points, or 0.2%, to 7,947.36. The Russell 2000 gave up 2.41 points, or 0.2%, to 1,579.14.The Associated Press read more

Ohio State mens hockey set to open regular season

Senior forward Alex Szczechura moves the puck forward in a game against Michigan Feb. 23. OSU lost, 6-3. Credit: Shelby Lum / Photo editorThe Ohio State men’s hockey team opens its 2013-2014 regular season Friday, taking on Miami (Ohio) in a home-and-home series.Coming off a 9-1 victory over the University of Toronto Varsity Blues in an exhibition game last Saturday, the Buckeyes (16-17-7 in 2012-13) are looking to start the regular season strong against the No. 2-ranked Redhawks.This will be the Buckeyes’ first regular season game under coach Steve Rohlik, who took over as head coach in April for Mark Osiecki, who was let go after three seasons at the helm. Rohlik said he believes the team’s depth will be advantageous as it plays Miami.“I think we’ve got a lot of guys that can play and contribute, and I think we’ve got to use that to our advantage,” Rohlik said. “We’re not going to depend on one guy all night long or two guys. We’re going to have to play four lines in 60 (minutes) every night, and I think hopefully we can wear teams down.”Senior forward Alex Szczechura said he knows that although the series is non-conference, it still holds as much weight as any Big Ten matchup.“Miami’s a huge rival — they always will be at Ohio State,” Szczechura said. “We’re going to go into this game the same way we always have.”This will be the first season OSU will compete as part of the brand new Big Ten Conference in men’s ice hockey. Previously, the Buckeyes were members of the Central Collegiate Hockey Association. The current six-team Big Ten Conference includes OSU, Michigan, Michigan State, Minnesota, Penn State and Wisconsin.“With football and basketball — they’re in the Big Ten Conference — now they ask you what league you play in, you can say, ‘We play in the Big Ten,’ and it definitely give us a little more publicity,” Szczechura said.Coach Rohlik added that even though OSU will compete as a member of the Big Ten now, it won’t have any bearing on the Buckeyes’ mentality as they take on Miami.“All the leagues have shaken up a little bit here,” Rohlik said. “More importantly, for us, we know we’re playing Miami — it’s right down the road, they’ve got a great program and we’ve had pretty good battles with them over the last few years — and I think more important than what league is versus what, it’s us versus Miami.”Senior forward Travis Statchuk said the team is ready to embrace the changes it has faced — being a part of the newly formed Big Ten Conference, having a new head coach and new additions to the team — and take them head-on.“Obviously, a lot of things went down this year,” Statchuk said. “I think just a whole new league, new staff, new team. Obviously, we’re just really excited to get going.”The teams will face off in the Schottenstein Center Friday and in Oxford Saturday. The puck is set to drop at 7:05 p.m. for both games. read more