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Marijuana opponents using racketeering law to fight industry

Marijuana opponents using racketeering law to fight industry

DENVER (AP) — A federal law crafted to fight the mob is giving marijuana opponents a new strategy in their battle to stop the expanding industry: racketeering lawsuits.
A Colorado pot shop recently closed after a Washington-based group opposed to legal marijuana sued not just the pot shop but a laundry list of firms doing b ... (full story)


An energy ETF



Dear Mr. Berko: I was looking at the Yorkville High Income MLP ETF, which is an energy-related issue that has fallen almost 50 percent in value from its high price but yields a very good 14.2 percent. Though the value of this exchange-traded fund is down a lot, its dividend has fallen only a little bit. This makes the stock look att ... (full story)


US retail sales fall in June as consumers stay cautious

US retail sales fall in June as consumers stay cautious

WASHINGTON (AP) — Americans cut back their spending at stores and restaurants last month, a sign that they remain cautious despite robust job growth in the past year.
Retail sales fell 0.3 percent in June, the Commerce Department said Tuesday, the weakest showing since February's harsh winter weather kept shoppers indoors. ... (full story)


Starbucks jumping into South Africa's growing coffee market

Starbucks jumping into South Africa's growing coffee market

JOHANNESBURG (AP) — Starbucks is jumping into the surging coffee market in South Africa, where the number of cafes has expanded rapidly in recent years.
The company says the first store will open in Johannesburg by mid-2016 through a deal with Taste Holdings, a licensor of global brands in the region.
Even though Starbuc ... (full story)


Investing in Cincinnati Bell



Dear Mr. Berko: My broker is touting a low-priced telephone company called Cincinnati Bell and seems to have an inside track on the company. He thinks that changes in the direction of the company's business to a fiber-optic cable communications company could make it very profitable, as well as a takeover candidate in a few years. He ... (full story)