Business

2023-01-28 01:15:37
by Dan McCue
The Rise of the Contract Employee Screams Out for a Rethinking of Policy

WASHINGTON — Hard as it may be to believe, a revolution really did take place while we were all inside,... Read More

WASHINGTON — Hard as it may be to believe, a revolution really did take place while we were all inside, hoping the dark, early shadow of COVID-19 would somehow pass us by.  According to Liz Wilke, principle economist with Gusto,... Read More

2023-01-25 21:49:13
by Tom Ramstack
Justice Dept. Sues Google Again Alleging Monopolistic Ad Tactics

A Justice Department lawsuit filed Tuesday against Google accuses the internet giant of illegally acting like a monopoly with its... Read More

A Justice Department lawsuit filed Tuesday against Google accuses the internet giant of illegally acting like a monopoly with its digital advertising technology. The lawsuit filed in federal court in Virginia seeks a court order to break up Google’s grip... Read More

2023-01-24 15:03:37
by Tom Ramstack
Attorneys General Challenge Social Responsibility Policies for Investing

Some state attorneys general are continuing a conservative backlash against investment strategies that emphasize social responsibility with a challenge to... Read More

Some state attorneys general are continuing a conservative backlash against investment strategies that emphasize social responsibility with a challenge to two corporate advisory companies. A letter written last week to the two companies says forcing social responsibility onto investors could... Read More

2023-01-23 17:19:24
by Dan McCue
EVs Take Center Stage at Washington Auto Show

WASHINGTON — Forget a weeklong vote to get a House speaker, when all is said and done, the biggest news... Read More

WASHINGTON — Forget a weeklong vote to get a House speaker, when all is said and done, the biggest news of the month may well be how electric vehicles dominated center stage at the Washington, D.C., Auto Show. The annual... Read More

Elon Musk Depicted as Liar, Visionary in Tesla Tweet Trial

SAN FRANCISCO (AP) — Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular... Read More

SAN FRANCISCO (AP) — Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular people" or a well-intentioned visionary as attorneys delivered opening statements at a trial focused on a Tesla buyout that never... Read More

2023-01-05 21:45:08
by Dan McCue
Offshore Wind Project Nets $24.1M in Tax Incentives

EAST SETAUKET, N.Y. — A project aimed at transforming a warehouse into a support facility for a pending offshore wind... Read More

EAST SETAUKET, N.Y. — A project aimed at transforming a warehouse into a support facility for a pending offshore wind project has netted $24.1 million in tax breaks from the Town of Brookhaven in New York state. The sales, use... Read More

2022-12-28 16:26:08
by Dan McCue
Good Corporate Citizenship Is a ‘Growth and Learning Experience’

MIDDLETON, Wis. — Established some 63 years ago, it’s no irony that Hy Cite Enterprises set down roots in a... Read More

MIDDLETON, Wis. — Established some 63 years ago, it’s no irony that Hy Cite Enterprises set down roots in a community that long ago dubbed itself “the good neighbor city.” A local, family-owned seller of cook- and kitchenware, its goods... Read More

US Economy Grew 3.2% in Q3, an Upgrade From Earlier Estimate

WASHINGTON (AP) — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2%... Read More

WASHINGTON (AP) — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter... Read More

2022-12-14 20:48:42
by Dan McCue
Japanese Pharma Firm to Pay $4B for Single Drug

TOKYO — Japanese Pharma firm Takeda has agreed to pay $4 billion in cash for a single drug invented by... Read More

TOKYO — Japanese Pharma firm Takeda has agreed to pay $4 billion in cash for a single drug invented by Nimbus Therapeutics, a Boston, Massachusetts-based biotechnology company. The drug Takeda is buying (NDI-034858) blocks selective allosteric tyrosine kinase 2 (also... Read More

Merck, Moderna Detail Potential Skin Cancer Vaccine Progress

Moderna’s stock soared Tuesday after the COVID-19 vaccine maker detailed progress in developing a preventive shot for a deadly form... Read More

Moderna’s stock soared Tuesday after the COVID-19 vaccine maker detailed progress in developing a preventive shot for a deadly form of skin cancer. The company said a possible melanoma vaccine it is studying with pharmaceutical giant Merck fared well in... Read More

Musk's Twitter Disbands Its Trust and Safety Advisory Group

Elon Musk's Twitter has dissolved its Trust and Safety Council, the advisory group of around 100 independent civil, human rights... Read More

Elon Musk's Twitter has dissolved its Trust and Safety Council, the advisory group of around 100 independent civil, human rights and other organizations that the company formed in 2016 to address hate speech, child exploitation, suicide, self-harm and other problems... Read More

Biden to Visit Arizona Computer Chip Site, Highlight Jobs

President Joe Biden on Tuesday plans to visit the building site for a new computer chip plant in Arizona, using... Read More

President Joe Biden on Tuesday plans to visit the building site for a new computer chip plant in Arizona, using it as a chance to emphasize how his policies are fostering job growth in what could be a challenge to... Read More

2022-11-30 21:41:32
by Dan McCue
House Passes Legislation to Avert Nationwide Rail Strike

WASHINGTON — The House passed legislation Wednesday to avert a nationwide rail strike, the first step in avoiding an economic... Read More

WASHINGTON — The House passed legislation Wednesday to avert a nationwide rail strike, the first step in avoiding an economic calamity at the height of the holiday shopping season. The chamber passed the main resolution in a 290-137 vote, sending... Read More

2022-11-29 22:53:01
by Dan McCue
Treasury Dept. Clarifies Labor Rules for Green Energy Tax Credits

WASHINGTON — The U.S. Treasury Department has unveiled its initial guidance on the labor requirements that employers must meet in... Read More

WASHINGTON — The U.S. Treasury Department has unveiled its initial guidance on the labor requirements that employers must meet in order to qualify for bonus tax benefits for clean energy projects. The guidance announced Tuesday will be published in the... Read More

2022-11-29 22:49:18
by Tom Ramstack
Big Grocery Merger Gets Chilly Reception by Senators Worried About Price and Quality

WASHINGTON — A Senate panel showed a cynical attitude toward a proposed $24.6 billion merger of major grocery chains Kroger... Read More

WASHINGTON — A Senate panel showed a cynical attitude toward a proposed $24.6 billion merger of major grocery chains Kroger Co. and Albertsons Cos. during a hearing Tuesday. The chief executive officers promised consumers would benefit if the Federal Trade... Read More

Biden Calls on Congress to Head Off Potential Rail Strike

OMAHA, Neb. (AP) — President Joe Biden on Monday asked Congress to intervene and block a railroad strike before next month’s deadline... Read More

OMAHA, Neb. (AP) — President Joe Biden on Monday asked Congress to intervene and block a railroad strike before next month’s deadline in the stalled contract talks, and House Speaker Nancy Pelosi said lawmakers would take up legislation this week to impose... Read More

2022-11-23 18:30:40
by Dan McCue
Senate Panel to Hold Hearing on Taylor Swift Ticket Fiasco

WASHINGTON — When you’re Taylor Swift, things get noticed — even in the halls of Congress. Just days after the... Read More

WASHINGTON — When you’re Taylor Swift, things get noticed — even in the halls of Congress. Just days after the reigning pop superstar scored six wins at the 2022 American Music Awards, the Senate subcommittee that handles antitrust and consumer... Read More

Starbucks Workers Strike at More Than 100 US Stores

Starbucks workers at more than 100 U.S. stores are on strike Thursday in their largest labor action since a campaign... Read More

Starbucks workers at more than 100 U.S. stores are on strike Thursday in their largest labor action since a campaign to unionize the company’s stores began late last year. The walkouts coincide with Starbucks’ annual Red Cup Day, when the... Read More

2022-11-10 22:28:15
by Dan McCue
FTC Taking Dim View of Musk Action Amid Twitter Turmoil

WASHINGTON — A letter posted to Twitter’s Slack feed by a company lawyer, detailing the utter chaos the social media... Read More

WASHINGTON — A letter posted to Twitter’s Slack feed by a company lawyer, detailing the utter chaos the social media outlet has descended into since Elon Musk took control of it, has prompted a rare public rebuke from the Federal... Read More

2022-11-10 14:59:08
by TWN
Thinking Differently Ushers in Changes, Brand New Day at Philip Morris International

NEW YORK — The Well News caught up with Philip Morris International’s Chief Executive Officer at the company's soon-to-be former... Read More

NEW YORK — The Well News caught up with Philip Morris International’s Chief Executive Officer at the company's soon-to-be former corporate headquarters in midtown Manhattan ahead of its big move to Stamford, Connecticut, beginning Nov. 10. Jacek Olczak appeared to... Read More

2022-11-03 21:26:57
by Dan McCue
Retailers Predict Healthy Holiday Sales Despite Inflation

WASHINGTON — Holiday retail sales during November and December will grow between 6% and 8% compared to last year, and... Read More

WASHINGTON — Holiday retail sales during November and December will grow between 6% and 8% compared to last year, and come in somewhere in excess of $942.6 billion despite stubbornly persistent inflation woes, the National Retail Federation said on Thursday.... Read More

Trump Asks Justices to Keep Tax Returns From House Committee

WASHINGTON (AP) — Former President Donald Trump is going to the Supreme Court, again, this time to try to stop... Read More

WASHINGTON (AP) — Former President Donald Trump is going to the Supreme Court, again, this time to try to stop his tax returns from being handed to a congressional committee. In an emergency appeal filed Monday, Trump wants the court... Read More

2022-10-31 12:58:02
by Dan McCue
BMW Investing $1.7B to Expand EV Manufacturing Footprint in South Carolina

SPARTANBURG, S.C. — BMW Group, long a driver of economic development in South Carolina, has announced it is investing $1.7... Read More

SPARTANBURG, S.C. — BMW Group, long a driver of economic development in South Carolina, has announced it is investing $1.7 billion to dramatically expand its capability to produce electric vehicles in the state. About $1 billion of the investment will... Read More

2022-10-28 21:06:54
by Tom Ramstack
Musk Pledges Big Changes After Buying Twitter for $44B

WASHINGTON — Elon Musk completed his $44 billion buyout of Twitter late Thursday. One of his first acts was to... Read More

WASHINGTON — Elon Musk completed his $44 billion buyout of Twitter late Thursday. One of his first acts was to fire top executives of one of the world’s most influential social media companies. The multibillion-dollar company dropped off the New... Read More

2022-10-27 20:58:25
by Tom Ramstack
SEC Requires Executives to Pay Back Bonuses Tied to Flawed Financial Reports

WASHINGTON — The U.S. Securities and Exchange Commission on Wednesday finalized a rule that eliminates the right of corporate executives... Read More

WASHINGTON — The U.S. Securities and Exchange Commission on Wednesday finalized a rule that eliminates the right of corporate executives to collect bonuses if there are accounting errors in their companies’ regulatory filings. One of the agency’s motivations is to... Read More

2022-10-17 15:14:00
by Dan McCue
Enel North America Opens Oklahoma City Office

OKLAHOMA CITY — Enel North America, the subsidiary to Italian multinational Enel S.p.A., has opened a new office and training... Read More

OKLAHOMA CITY — Enel North America, the subsidiary to Italian multinational Enel S.p.A., has opened a new office and training space in midtown Oklahoma City, Oklahoma, capping a decade of rapid growth in the state. According to the company, which... Read More

2022-10-05 19:26:55
by Tom Ramstack
Musk Changes His Mind to Proceed With $44B Twitter Purchase

WILMINGTON, Del. — Elon Musk reversed course Tuesday by saying he plans to proceed with his original $44 billion deal... Read More

WILMINGTON, Del. — Elon Musk reversed course Tuesday by saying he plans to proceed with his original $44 billion deal to buy social media giant Twitter Inc. Musk notified the Securities and Exchange Commission of his change of plan in... Read More

2022-10-03 19:45:03
by Dan McCue
IKEA Home Deliveries to Be Fully Electric by 2025, CEO Says

LONDON — The CEO of the world's largest furniture retailer said on Monday that all of the company’s home deliveries... Read More

LONDON — The CEO of the world's largest furniture retailer said on Monday that all of the company’s home deliveries will be made by electric vehicles as early as 2025 as part of a drive to dramatically reduce its greenhouse... Read More

UnitedHealth Closes Roughly $8B Deal for Change Healthcare

MINNETONKA, Minn. (AP) — UnitedHealth Group said Monday that it completed its acquisition of Change Healthcare, closing the roughly $8... Read More

MINNETONKA, Minn. (AP) — UnitedHealth Group said Monday that it completed its acquisition of Change Healthcare, closing the roughly $8 billion deal a couple weeks after a judge rejected a challenge from federal regulators. UnitedHealth is merging the technology company... Read More

US Case Against American Airlines and JetBlue Heads to Court

DALLAS (AP) — The government's antitrust lawsuit against American Airlines and JetBlue begins Tuesday and the outcome could determine how... Read More

DALLAS (AP) — The government's antitrust lawsuit against American Airlines and JetBlue begins Tuesday and the outcome could determine how closely the Biden administration examines other airline deals, including JetBlue's pending attempt to buy Spirit Airlines. The Justice Department and... Read More

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