Loading...

Business

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

2022-09-26 21:33:51
by Tom Ramstack
Boeing to Pay $200M After Fraud Accusations

WASHINGTON — Boeing Co. agreed last week to pay $200 million in fines to settle Securities and Exchange Commission allegations... Read More

WASHINGTON — Boeing Co. agreed last week to pay $200 million in fines to settle Securities and Exchange Commission allegations that it deceived investors about the safety of the 737 Max airliner after two deadly crashes. Company executives told investors... Read More

US Sen. Warnock: Electric Car Tax Credit Needs 'Flexibility'

SAVANNAH, Ga. (AP) — U.S. Sen. Raphael Warnock, D, Ga., urged the U.S. Treasury secretary Friday to use “maximum flexibility”... Read More

SAVANNAH, Ga. (AP) — U.S. Sen. Raphael Warnock, D, Ga., urged the U.S. Treasury secretary Friday to use “maximum flexibility” in implementing a revised tax credit for Americans buying electric vehicles, a perk that Hyundai stands to lose as the... Read More

'Art of the Steal': Trump Accused of Vast Fraud in NY Suit

NEW YORK (AP) — Former President Donald Trump padded his net worth by billions of dollars and habitually misled banks... Read More

NEW YORK (AP) — Former President Donald Trump padded his net worth by billions of dollars and habitually misled banks and others about the value of prized assets like golf courses, hotels and his Mar-a-Lago estate, New York’s attorney general... Read More

2022-09-19 13:20:46
by TWN Staff
Family Dollar Initiates Voluntary Recall of Colgate Products

CHARLOTTE, N.C. — Family Dollar is initiating a voluntary product recall of Colgate mouthwash and toothpaste that were shipped and... Read More

CHARLOTTE, N.C. — Family Dollar is initiating a voluntary product recall of Colgate mouthwash and toothpaste that were shipped and stored in multiple states outside of the products’ labeled temperature requirements. All of the products are subject to Food and... Read More

2022-09-15 18:03:23
by Dan McCue
Biden Calls Tentative Railway Deal ‘A Big Win for America’

WASHINGTON — President Joe Biden made a last-minute addition to his public schedule on Thursday, inviting railroad and union leaders... Read More

WASHINGTON — President Joe Biden made a last-minute addition to his public schedule on Thursday, inviting railroad and union leaders to the White House to celebrate their averting a nationwide strike that could have crippled the U.S. economy. Many of... Read More

Biden: Tentative Railway Labor Deal Reached, Averting Strike

WASHINGTON (AP) — President Joe Biden said Thursday that a tentative railway labor agreement has been reached, averting a strike that could... Read More

WASHINGTON (AP) — President Joe Biden said Thursday that a tentative railway labor agreement has been reached, averting a strike that could have been devastating to the economy before the pivotal midterm elections. Railroads and union representatives had been in negotiations for 20... Read More

2022-09-14 16:13:15
by Dan McCue
White House Striving to Avert Crisis as Potential Rail Strike Grows Nearer

WASHINGTON — As President Joe Biden continued to press union leaders and rail companies to make a deal and avert... Read More

WASHINGTON — As President Joe Biden continued to press union leaders and rail companies to make a deal and avert a national railroad strike as of 12:01 a.m. on Friday, the White House is working on contingencies to reduce the... Read More

2022-09-12 20:50:37
by Tom Ramstack
Maryland Court to Decide if Pandemic Requires Insurers to Cover Businesses

ANNAPOLIS, Md. — Maryland's high court is expected to rule soon on whether insurers for corporations whose businesses suffered because... Read More

ANNAPOLIS, Md. — Maryland's high court is expected to rule soon on whether insurers for corporations whose businesses suffered because of the COVID-19 pandemic must cover the lost income. On Friday, the Maryland Court of Appeals heard arguments from fashion... Read More

Biden to Tell Ohioans His Policies Will Revive Manufacturing

WASHINGTON (AP) — President Joe Biden wants to put the spotlight on a rare bipartisan down payment on U.S. manufacturing when he... Read More

WASHINGTON (AP) — President Joe Biden wants to put the spotlight on a rare bipartisan down payment on U.S. manufacturing when he visits Ohio on Friday for the groundbreaking of a new Intel computer chip facility. Biden heads to suburban Columbus to... Read More

FDA Panel Backs Much-Debated ALS Drug in Rare, 2nd Review

WASHINGTON (AP) — A panel of federal health advisers voted Wednesday to recommend approval for an experimental drug to treat... Read More

WASHINGTON (AP) — A panel of federal health advisers voted Wednesday to recommend approval for an experimental drug to treat Lou Gehrig’s disease, a remarkable turnaround for the much-debated medication that was previously rejected by the same group earlier this year. The... Read More

CVS to Buy Home Health Care Provider Signify for $8B

DALLAS (AP) — Drugstore operator CVS Health Corp. said Monday that it will buy home-health provider Signify Health for $8... Read More

DALLAS (AP) — Drugstore operator CVS Health Corp. said Monday that it will buy home-health provider Signify Health for $8 billion. CVS said Signify has more than 10,000 employees including physicians and nurses, a presence in every state, and offers... Read More

2022-09-01 17:37:03
by Dan McCue
Bosch to Invest $200M to Make Hydrogen Fuel Cells in South Carolina

ANDERSON, S.C. — Robert Bosch, the German engineering giant, is investing $200 million in an existing plant in South Carolina... Read More

ANDERSON, S.C. — Robert Bosch, the German engineering giant, is investing $200 million in an existing plant in South Carolina to transform it into the company’s first North American site producing hydrogen-powered fuel stacks for future electric vehicles. The fuel... Read More

2022-08-31 21:34:19
by Madeline Hughes
Roomster Pocketed $27M Through Fake Reviews, Phony Listings, FTC Claims

WASHINGTON — The Federal Trade Commission is suing the online roommate and housing application Roomster for allegedly profiting to the... Read More

WASHINGTON — The Federal Trade Commission is suing the online roommate and housing application Roomster for allegedly profiting to the tune of $27 million from fake reviews and fraudulent listings, it announced Tuesday. “Roomster polluted the online marketplace with fake... Read More

2022-08-26 17:11:24
by Dan McCue
Moderna Sues Pfizer and BioNTech Over COVID Vaccine

CAMBRIDGE, Mass. — Pharma giant Moderna sued Pfizer and BioNTech on Friday, claiming that their popular COVID vaccine was copied... Read More

CAMBRIDGE, Mass. — Pharma giant Moderna sued Pfizer and BioNTech on Friday, claiming that their popular COVID vaccine was copied from groundbreaking science Moderna performed. In a statement posted on its website, Moderna said Pfizer and BioNTech infringed on patents... Read More

2022-08-22 16:16:51
by Dan McCue
More Land Leased for Carbon Capture in Western Louisiana

HOUSTON — 1PointFive and Manulife Investment Management have entered into a lease agreement for approximately 27,000 acres of timberland in... Read More

HOUSTON — 1PointFive and Manulife Investment Management have entered into a lease agreement for approximately 27,000 acres of timberland in western Louisiana for a carbon capture and sequestration project. The agreement provides 1PointFive with access to subsurface pore space and... Read More

2022-08-22 15:34:49
by Dan McCue
Phillips 66 and H2 Energy Europe Enter Into Hydrogen Refueling Station Venture

HOUSTON — Phillips 66 and Zurich, Switzerland-based H2 Energy Europe have entered into a 50-50 joint venture to set up... Read More

HOUSTON — Phillips 66 and Zurich, Switzerland-based H2 Energy Europe have entered into a 50-50 joint venture to set up and operate a network of hydrogen refueling retail sites in Germany, Austria and Denmark. The new venture, to be called... Read More

2022-08-19 19:01:28
by Dan McCue
HHS Preparing to Hand Off Control of Pricing, Coverage of COVID Shots

WASHINGTON — The Biden administration will reportedly convene a meeting on Aug. 30 with state health officials and executives from... Read More

WASHINGTON — The Biden administration will reportedly convene a meeting on Aug. 30 with state health officials and executives from the drug and pharmacy industries to lay the groundwork for transferring greater control of pricing and coverage for COVID-19 shots... Read More

Trump CFO’s Plea Deal Could Make Him a Prosecution Witness

NEW YORK (AP) — The chief financial officer of Donald Trump's company, Allen Weisselberg, is expected to plead guilty to tax violations... Read More

NEW YORK (AP) — The chief financial officer of Donald Trump's company, Allen Weisselberg, is expected to plead guilty to tax violations Thursday in a deal that would require him to testify about illicit business practices at the Trump Organization, two people... Read More

Companies Facing First Tax on Stock Buybacks in Biden Bill

WASHINGTON (AP) — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care:... Read More

WASHINGTON (AP) — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable. Under the bill... Read More

2022-08-11 12:59:18
by Madeline Hughes
FCC Rejects Subsidies for Musk’s Starlink, LTD Broadband

WASHINGTON — The Federal Communications Commission officially denied applications from SpaceX to deploy Starlink satellites to help bridge the broadband... Read More

WASHINGTON — The Federal Communications Commission officially denied applications from SpaceX to deploy Starlink satellites to help bridge the broadband gap and from another company, LTD Broadband, that would expand its wireless internet. “After careful legal, technical and policy review,... Read More

Trump Says He's Testifying Wednesday in NY Investigation

WASHINGTON (AP) — Former President Donald Trump will be questioned under oath Wednesday in the New York attorney general’s long-running civil investigation into his... Read More

WASHINGTON (AP) — Former President Donald Trump will be questioned under oath Wednesday in the New York attorney general’s long-running civil investigation into his dealings as a real estate mogul, he confirmed in a post on his Truth Social account. Trump’s testimony comes amid... Read More

Billions Pour Into Bioplastics as Markets Begin Ramping Up

CLEVELAND (AP) — In a world increasingly troubled by the persistent harm that plastic — manufactured in petrochemical plants —... Read More

CLEVELAND (AP) — In a world increasingly troubled by the persistent harm that plastic — manufactured in petrochemical plants — has had on the environment, companies are investing billions of dollars to ramp up production of plastics made from natural,... Read More

Pfizer Buying Spree Continues With $5.4B Hematology Deal

Pfizer will spend about $5.4 billion to buy Global Blood Therapeutics as the pharmaceutical giant continues to invest some of... Read More

Pfizer will spend about $5.4 billion to buy Global Blood Therapeutics as the pharmaceutical giant continues to invest some of the cash influx reaped during the COVID-19 pandemic. Pfizer said Monday that the acquisition will boost its capabilities in rare... Read More

2022-08-08 13:18:14
by Kate Michael
Employers Worldwide Clamoring for ESG-Skilled Workers

WASHINGTON — More than seven in 10 employers are looking to hire talent for sustainability related initiatives over the next... Read More

WASHINGTON — More than seven in 10 employers are looking to hire talent for sustainability related initiatives over the next two years according to a study by NTUC LearningHub, which also found that the demand for specialized talent in the... Read More

2022-08-03 16:05:25
by Dan McCue
Pallone Blasts Oil Companies Over Profits As Consumers Suffer at the Pump

WASHINGTON — Rep. Frank Pallone, Jr., D-N.J., chairman of the House Energy and Commerce Committee ripped into four major oil... Read More

WASHINGTON — Rep. Frank Pallone, Jr., D-N.J., chairman of the House Energy and Commerce Committee ripped into four major oil companies who reported record high profits in the first half of the year as consumers continued to suffer sticker shock... Read More

Stephen King Set to Testify for Govt in Books Merger Trial

WASHINGTON (AP) — As the Justice Department bids to convince a federal judge that the proposed merger of Penguin Random House... Read More

WASHINGTON (AP) — As the Justice Department bids to convince a federal judge that the proposed merger of Penguin Random House and Simon & Schuster would damage the careers of some of the most popular authors, it is leaning in part on... Read More

1 2 3 4 5 ... 17
Straight From The Well