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Business

2021-12-03 20:08:46
by Reece Nations
Holiday Sales Could Be Higher Than Expected Despite Supply Chain, Inflation Woes

WASHINGTON — Holiday shopping appears to be on track to beat out the National Retail Federation’s spending forecast in spite... Read More

WASHINGTON — Holiday shopping appears to be on track to beat out the National Retail Federation’s spending forecast in spite of continued supply chain impediments, rising inflation and the omicron variant. Holiday retail sales for November and December are now... Read More

US Employers Added a Sluggish 210,000 Jobs in November

WASHINGTON (AP) — America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the fewest in nearly... Read More

WASHINGTON (AP) — America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the fewest in nearly a year. Friday’s report from the Labor Department also showed that the unemployment rate fell sharply to 4.2% from 4.6%.... Read More

World Shares, US Futures Slip on Worries Over Omicron Risks

NEW YORK (AP) — Global shares mostly slipped Tuesday as investors cautiously weighed how much damage the new omicron coronavirus... Read More

NEW YORK (AP) — Global shares mostly slipped Tuesday as investors cautiously weighed how much damage the new omicron coronavirus variant may unleash on the global economy. Germany's DAX lost 1.1% to 15,106.35 in afternoon trading. France’s CAC 40 slipped... Read More

2021-11-29 17:04:36
by Dan McCue
Twitter CEO Jack Dorsey Stepping Down

SAN FRANCISCO — Jack Dorsey is stepping aside as the head and CEO of Twitter, believing the social media giant... Read More

SAN FRANCISCO — Jack Dorsey is stepping aside as the head and CEO of Twitter, believing the social media giant “Is ready to move on from its founders.” Dorsey has faced pressure for months over his decision to serve as... Read More

Stores Kick Off Black Friday But Pandemic Woes Linger

NEW YORK (AP) — Retailers are expected to usher in the unofficial start to the holiday shopping season Friday with... Read More

NEW YORK (AP) — Retailers are expected to usher in the unofficial start to the holiday shopping season Friday with bigger crowds than last year in a closer step toward normalcy. But the fallout from the pandemic continues to weigh... Read More

2021-11-24 18:31:59
by Tom Ramstack
Ohio Jury Faults Pharmacies for Spurring Opioid Epidemic

CLEVELAND, Ohio — A landmark jury verdict Tuesday could make major pharmacy chains like CVS, Walgreens and Walmart liable for... Read More

CLEVELAND, Ohio — A landmark jury verdict Tuesday could make major pharmacy chains like CVS, Walgreens and Walmart liable for encouraging the opioid epidemic that kills thousands of Americans each year.  The verdict in federal court in Ohio is the... Read More

2021-11-24 15:54:32
by Dan McCue
Problem Solvers, Senators Renew Call for Fully Funding CHIPS Act

WASHINGTON — Before leaving town for Thanksgiving, Sens. Mark Warner, D-Va., and John Cornyn, R-Texas, joined members of the Problem... Read More

WASHINGTON — Before leaving town for Thanksgiving, Sens. Mark Warner, D-Va., and John Cornyn, R-Texas, joined members of the Problem Solvers Caucus to call for fully funding the CHIPS for America Act, an initiative intended to increase semiconductor production in... Read More

2021-11-24 00:18:21
by Dan McCue
Study Finds Significant Bipartisan Support for Corporate Social Responsibility

WASHINGTON — A new, groundbreaking study suggests not only is there strong bipartisan support for corporate efforts to address environmental,... Read More

WASHINGTON — A new, groundbreaking study suggests not only is there strong bipartisan support for corporate efforts to address environmental, social and governance challenges, but that the bipartisan appeal of these initiatives dramatically increases among Americans under the age of... Read More

2021-11-23 14:17:49
by Tom Ramstack
US Companies Face Dilemma When Business Helps Dictators

WASHINGTON — Foreign policy experts described an enormous challenge Monday for U.S. corporations wanting to improve their international business while... Read More

WASHINGTON — Foreign policy experts described an enormous challenge Monday for U.S. corporations wanting to improve their international business while facing political pressure from authoritarian governments. Some cave to the pressure to increase their revenue while others resist, putting them... Read More

Biden to Keep Powell as Fed Chair, Brainard Gets Vice Chair

WASHINGTON (AP) — President Joe Biden announced Monday that he's nominating Jerome Powell for a second four-year term as Federal... Read More

WASHINGTON (AP) — President Joe Biden announced Monday that he's nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies... Read More

2021-11-19 19:46:38
by TWN
Private Equity Backs Thousands of Small Businesses Across America

WASHINGTON — Sunshine Beverages was a good idea looking to get its grow on. Founded by artisanal entrepreneurs Keith Vest... Read More

WASHINGTON — Sunshine Beverages was a good idea looking to get its grow on. Founded by artisanal entrepreneurs Keith Vest and Joe Parrish in 2013, the energy drink company was the offshoot of Vest’s forward-thinking ad agency, The Variable. Coming... Read More

2021-11-17 22:21:21
by Dan McCue
Biden Administration Suspends Enforcement of Vaccine Mandate

WASHINGTON — The Biden administration on Wednesday suspended enforcement of a vaccine mandate on private companies with 100 or more... Read More

WASHINGTON — The Biden administration on Wednesday suspended enforcement of a vaccine mandate on private companies with 100 or more employees. The decision, which was carried out through the Occupational Safety and Health Administration, comes less than a week after... Read More

2021-11-17 18:49:23
by Alexa Hornbeck
FDA Issues New Guidance For Use Of AI In Health Care

WASHINGTON — The U.S. Food and Drug Administration recently partnered with Health Canada and the UK’s Medicines and Healthcare products... Read More

WASHINGTON — The U.S. Food and Drug Administration recently partnered with Health Canada and the UK’s Medicines and Healthcare products Regulatory Agency to issue guiding principles to align efforts and standards for artificial intelligence and machine learning medical device development... Read More

2021-11-16 23:02:44
by Dan McCue
6th Circuit to Oversee Lawsuits of Employer Vaccination Mandate

WASHINGTON — The 6th U.S. Circuit Court of Appeals will preside over all litigation stemming from the Biden administration’s decision... Read More

WASHINGTON — The 6th U.S. Circuit Court of Appeals will preside over all litigation stemming from the Biden administration’s decision to require companies with at least 100 employees to mandate COVID-19 vaccinations or weekly testing, the U.S. Judicial Panel on... Read More

2021-11-15 21:56:03
by Tom Ramstack
Supreme Court to Hear Worker’s Case to Clarify Arbitration Clause Rights

WASHINGTON — The Supreme Court agreed Monday to hear a case by a fast-food worker who claims employers have no... Read More

WASHINGTON — The Supreme Court agreed Monday to hear a case by a fast-food worker who claims employers have no right to force arbitration on employees after first contesting the workers' lawsuits in pre-trial proceedings. The Taco Bell worker who... Read More

2021-11-15 21:46:25
by Victoria Turner
Future of Supply Chain, Analytics

WASHINGTON — Transparency is imperative as the world navigates a pandemic-induced supply chain disruption and works to improve its resiliency,... Read More

WASHINGTON — Transparency is imperative as the world navigates a pandemic-induced supply chain disruption and works to improve its resiliency, according to a panel of experts at Monday’s Hudson Institute event.  In the U.S. military’s “biggest modernization effort since World... Read More

2021-11-15 16:58:55
by Tom Ramstack
Trump Organization Seals a Deal to Sell Trump International Hotel

WASHINGTON — Donald Trump’s business empire reportedly plans to sell the lease to its Washington, D.C. hotel for $375 million... Read More

WASHINGTON — Donald Trump’s business empire reportedly plans to sell the lease to its Washington, D.C. hotel for $375 million to a Miami-based investment firm. In addition to ending financial problems for the hotel, the deal also is likely to... Read More

2021-11-12 20:47:41
by Victoria Turner
Feds to Launch Inter-Agency Initiative to End Workplace Retaliation

WASHINGTON — The U.S. Department of Labor will launch an inter-agency initiative on Nov. 17 to end rising workplace retaliation,... Read More

WASHINGTON — The U.S. Department of Labor will launch an inter-agency initiative on Nov. 17 to end rising workplace retaliation, according to a press release on Wednesday. Advancing the Memorandums of Understanding between the department and the National Labor Relations... Read More

2021-11-12 15:34:32
by Dan McCue
Aviation Industry, Wireless Providers Clash Over 5G Cellular Expansion

WASHINGTON — Days before President Joe Biden is set to sign the bipartisan infrastructure bill into law, a coalition of... Read More

WASHINGTON — Days before President Joe Biden is set to sign the bipartisan infrastructure bill into law, a coalition of aviation entities is seeking to put the brakes on a key element of the package —  the expansion of 5G... Read More

General Electric to Split Into Three Public Companies

General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will... Read More

General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public companies focused on aviation, healthcare and energy. It is the culmination of an arduous, years-long... Read More

2021-11-09 00:04:02
by Tom Ramstack
Boeing Proposes Settlement to End Claims From Fatal Plane Crashes

WILMINGTON, Del. — Boeing is proposing a $237.5 million lawsuit settlement to end complaints about its troubled 737 MAX airliners... Read More

WILMINGTON, Del. — Boeing is proposing a $237.5 million lawsuit settlement to end complaints about its troubled 737 MAX airliners but the bigger question is whether the payment will allow the company to fully recover from the crashes that killed... Read More

2021-11-08 21:36:11
by Tom Ramstack
Facebook Accused of Deceit in Suit by Defunct Competitor

NEW YORK — Facebook used illegal trade practices to run former competitor and photo app Phhhoto Inc. out of business,... Read More

NEW YORK — Facebook used illegal trade practices to run former competitor and photo app Phhhoto Inc. out of business, officials from the now-defunct company said in a lawsuit filed Thursday. It represents the latest antitrust challenge to the social... Read More

Musk: I'll Sell 10% of Tesla Stock Based on Twitter Poll

SILVER SPRING, Md. (AP) — Tesla shares slumped in premarket trading on Monday after its CEO Elon Musk said he... Read More

SILVER SPRING, Md. (AP) — Tesla shares slumped in premarket trading on Monday after its CEO Elon Musk said he would sell 10% of his holdings in the electric car maker — more than $20 billion worth by most calculations... Read More

2021-11-07 14:18:15
by Dan McCue
Fifth Circuit Imposes Temporary Stay on Business Vaccine Mandate

NEW ORLEANS — The 5th U.S. Circuit Court of Appeals on Saturday temporarily blocked a mandate from the Biden administration... Read More

NEW ORLEANS — The 5th U.S. Circuit Court of Appeals on Saturday temporarily blocked a mandate from the Biden administration that businesses with more than 100 employees require them to be vaccinated against the coronavirus by early January. The White... Read More

2021-11-05 18:31:05
by Dan McCue
Air Travel Up in August, Though COVID-19 Still Proved a Drag

WASHINGTON – The number of airline flights in the U.S were up 50.4% in August compared to a year earlier,... Read More

WASHINGTON – The number of airline flights in the U.S were up 50.4% in August compared to a year earlier, but the pace of recovery of the industry continued to be impacted by the drag on travel caused by the... Read More

US Hiring Rebounded in October, With 531,000 Jobs Added

WASHINGTON (AP) — America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July... Read More

WASHINGTON (AP) — America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession may be overcoming a virus-induced slowdown. Friday’s report from the Labor... Read More

2021-11-04 14:15:22
by Dan McCue
Biden Administration Publishes Vaccine Mandate for Large Businesses

WASHINGTON — The Biden administration rolled out a new COVID-19 vaccine mandate Thursday morning, giving large companies until Jan. 4... Read More

WASHINGTON — The Biden administration rolled out a new COVID-19 vaccine mandate Thursday morning, giving large companies until Jan. 4 to ensure that their workforces are fully vaccinated. In a conference call with reporters Wednesday night, a senior administration official... Read More

2021-11-03 17:59:00
by Reece Nations
After Capitol Rally, Paid Leave Back in Social Spending Bill

WASHINGTON — House Speaker Nancy Pelosi announced Wednesday in a Dear Colleague letter that she is requesting paid family and... Read More

WASHINGTON — House Speaker Nancy Pelosi announced Wednesday in a Dear Colleague letter that she is requesting paid family and medical leave be added back into Democrats’ proposed Build Back Better framework. After weeks of back-and-forth priority shifting and despite... Read More

2021-11-02 20:53:53
by Dan McCue
Schumer, Pelosi, Moderates Strike Deal to Lower Prescription Drug Prices

WASHINGTON — Senate Majority Leader Chuck Schumer, D-N.Y., announced Tuesday that Democrats have reached a deal on legislation to lower... Read More

WASHINGTON — Senate Majority Leader Chuck Schumer, D-N.Y., announced Tuesday that Democrats have reached a deal on legislation to lower prescription drug prices. "It's not everything we all wanted. Many of us would have wanted to go much further, but... Read More

2021-11-02 20:19:37
by Tom Ramstack
Senate Hears how Criminals Infiltrate Online Sales with Stolen or Fake Goods

WASHINGTON — While toy makers warn Christmas shoppers to beware counterfeit or stolen toys in online purchases, a Senate panel... Read More

WASHINGTON — While toy makers warn Christmas shoppers to beware counterfeit or stolen toys in online purchases, a Senate panel on Tuesday examined options for stopping them. The Senate Judiciary Committee also heard about how knockoff online sales are moving... Read More

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