Calendar quirk puts pressure on retailers to deliver

Calendar quirk puts pressure on retailers to deliver

NEW YORK

With Christmas on a Monday, most retailers have one less day to get packages delivered on time. It’s especially important that they hit the mark after some notable missteps with orders earlier in the season and because Amazon has the advantage of delivering on Sundays. And after promoting the convenience of buying online with store pickup, retailers are also trying to satisfy lots of customers coming in to collect their orders.

Report: Rich will get still richer unless policies change

TOKYO

Global income inequality has worsened over the past four decades, a report finds, with the wealthiest 1 percent of the world’s population capturing twice as much income growth as the bottom half.

The world’s middle class, made up mostly of people in North America and Europe, has by some measures fared the worst. Globalization has boosted incomes for hundreds of millions of people in developing countries, particularly China and India. And it has lowered pay for manufacturing workers and other middle-income employees in the developed world.

The World Inequality Report 2018 is based on an interactive collection of data compiled by an international team of researchers that includes renowned economists Thomas Piketty and Emmanuel Saez.

US industrial production rose 0.2% in November

WASHINGTON

U.S. industrial production rose 0.2 percent in November due to a rebound in extracting oil and natural gas after a stoppage due to Hurricane Nate.

The Federal Reserve said Friday that mining activity climbed 2 percent last month, while manufacturing activity rose 0.2 percent. Production of machinery and primary metals contributed to gains in the factory sector, while the overall growth for industrial output largely came from restarting oil and natural gas drilling.

Associated Press

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .1242.680.33

Aqua America, .71 38.13 0.58

Avalon Holdings,2.140.09

Chemical Bank, .2755.371.51Community Health Sys.4.250.70

Cortland Bancorp, .2820.000.25

Farmers Nat., .1615.05 0.40

First Energy, 1.44 31.83-0.29

Fifth/Third, .5230.030.36

FirstMerit Corp.,— —

First Niles Financial, .1211.000.00

FNB Corp., .4813.880.31

General Motors, 1.5240.950.14

General Electric, .9217.810.17

Huntington Bank, .28 14.580.25

iHeartMedia Inc.,0.61 0.00

JP Morgan Chase, 1.92106.061.40

Key Corp, .3419.760.24

LaFarge, .34— —

Macy’s, 1.51 24.60-0.20

Parker Hannifin, 2.52 194.262.56

PNC, 2.20144.911.94

Simon Prop. Grp., 6.60167.742.11

Stoneridge 23.71 0.99

United Comm. Fin., .12 9.460.15

Selected prices from Friday’s 4 p.m. close.