Business

2021-10-29 21:04:18
by TWN Staff
Report: Pandemic Pushed Local Officials to Rewrite Rules for Home Businesses

WASHINGTON — Though it wasn’t the only factor in decision-making, the COVID-19 pandemic appears to have sped up the rate... Read More

WASHINGTON — Though it wasn’t the only factor in decision-making, the COVID-19 pandemic appears to have sped up the rate at which local officials rewrote long-standing zoning and permitting rules to allow for home businesses, a new report from the... Read More

2021-10-26 15:08:48
by Tom Ramstack
Consumer Confidence Grew in October as Concerns Over Delta Variant Eased

NEW YORK — Consumer confidence grew in October, reversing three month of declines due to concerns over the spread of... Read More

NEW YORK — Consumer confidence grew in October, reversing three month of declines due to concerns over the spread of the delta variant of the coronavirus, the Conference Board reported Tuesday. The not-for-profit, non advocacy think tank said its proprietary... Read More

Hertz Order for Teslas Ranks Among Biggest-Ever EV Purchases

DETROIT (AP) — Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases... Read More

DETROIT (AP) — Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation's increasing commitment to EV technology. The purchase by... Read More

Businesses Nervously Await Fine Print of Vax-or-Test Rule

WASHINGTON (AP) — More than six weeks after promising a new vaccination-or-testing rule covering the millions of Americans at companies... Read More

WASHINGTON (AP) — More than six weeks after promising a new vaccination-or-testing rule covering the millions of Americans at companies with 100 or more workers, President Joe Biden's most aggressive move yet to combat the COVID-19 pandemic is almost ready... Read More

2021-10-15 16:26:12
by Victoria Turner
Panelist Says Counterfeit Goods a 'Globalized Business’

WASHINGTON -- If you do a quick Google search for fake Apple Airpods, an almost endless list of options will... Read More

WASHINGTON -- If you do a quick Google search for fake Apple Airpods, an almost endless list of options will come up, said Piotr Stryszowski, senior project manager at the Organization for Economic Development and Cooperation, Thursday.  Not only does... Read More

2021-10-14 19:52:46
by Dan McCue
White House Action on Supply Chain Bottleneck Seen As First Step To Ending Crisis

WASHINGTON -- They’ve almost become as ubiquitous as scenes of weathermen and women leaning into the fierce winds of a... Read More

WASHINGTON -- They’ve almost become as ubiquitous as scenes of weathermen and women leaning into the fierce winds of a tropical storm during hurricane season. We refer, of course, to the daily television news footage of a reporter bobbing up... Read More

2021-10-14 13:40:37
by Dan McCue
Better to Go Bold Than to Go Bland

NEW YORK -- Marie de Foucaud, the brand-building expert and founder of Elovation Consulting, was on a summer road trip... Read More

NEW YORK -- Marie de Foucaud, the brand-building expert and founder of Elovation Consulting, was on a summer road trip with her kids when The Well News called to ask how her global clients strive to improve their reputations and... Read More

2021-10-13 15:44:22
by Dan McCue
White House Steps Up Fight Against Supply Chain Woes

WASHINGTON --  In an ideal economy, the nation’s supply chains work something like this: raw materials, finished products and ready-to-assemble... Read More

WASHINGTON --  In an ideal economy, the nation’s supply chains work something like this: raw materials, finished products and ready-to-assemble merchandise like cars and trucks flow into the nation’s ports. The largest of these ports, those blessed to sit on... Read More

2021-10-13 14:29:12
by Dan McCue
In a First, FDA Permits Marketing of E-Cigarette Products in the US

WASHINGTON  -- The Food and Drug Administration late Tuesday authorized the marketing of an electronic cigarette in the United States.... Read More

WASHINGTON  -- The Food and Drug Administration late Tuesday authorized the marketing of an electronic cigarette in the United States. A groundbreaking development in a long running debate over the healthfulness of such products. Specifically, the FDA granted the R.J.... Read More

2021-10-08 21:07:58
by Dan McCue
Matt Haller Wants to Change How You Think About Franchises

WASHINGTON - When you think about it, they’re everywhere; part of the bedrock of every community in America. They are... Read More

WASHINGTON - When you think about it, they’re everywhere; part of the bedrock of every community in America. They are your local McDonald’s, of course. And the KFC. But they’re also the Ace Hardware Store and the Sport Clips haircutter.... Read More

2021-10-08 15:41:25
by Reece Nations
Elon Musk Announces Tesla Will Move Headquarters to Texas

AUSTIN, Texas — Elon Musk, CEO and product architect of Tesla, Inc., announced Thursday during an annual meeting of stockholders... Read More

AUSTIN, Texas — Elon Musk, CEO and product architect of Tesla, Inc., announced Thursday during an annual meeting of stockholders that the company will move its headquarters from Palo Alto, California, to Austin, Texas. Musk is following through on his... Read More

Pfizer Asks US to Allow COVID Shots for Kids Ages 5 to 11

Pfizer asked the U.S. government Thursday to allow use of its COVID-19 vaccine in children ages 5 to 11 in... Read More

Pfizer asked the U.S. government Thursday to allow use of its COVID-19 vaccine in children ages 5 to 11 in what would be a major expansion that could combat an alarming rise in serious infections in youngsters and help schools... Read More

2021-10-06 19:39:47
by Dan McCue
General Motors, GE Sign MOU to Develop Joint EV and Renewable Energy Supply Chains

DETROIT - General Motors and GE Renewable Energy, a subsidiary of the General Electric Co., have signed an agreement to... Read More

DETROIT - General Motors and GE Renewable Energy, a subsidiary of the General Electric Co., have signed an agreement to develop supply chains supporting the manufacturing of electric vehicles and renewable energy equipment. What both companies are calling a “non-binding... Read More

2021-10-06 18:06:03
by TWN Staff
Tyson Foods To Invest $61 Million in Poultry Plant Expansion

JACKSON, Miss. - A rebound in consumer demand for chicken is prompting Tyson Foods to spend $61 million to expand... Read More

JACKSON, Miss. - A rebound in consumer demand for chicken is prompting Tyson Foods to spend $61 million to expand its Vicksburg, Mississippi poultry plant. The company said in a press release that the expansion is part of Tyson Foods’... Read More

2021-10-06 17:58:28
by Victoria Turner
U.S. Chamber Study Finds Company Buybacks Benefit All Shareholders

WASHINGTON -- When a company buys back its own shares to reduce the amount of available stock in the open... Read More

WASHINGTON -- When a company buys back its own shares to reduce the amount of available stock in the open market, it benefits investors and decreases market volatility, freeing up capital for companies to better allocate it, according to a... Read More

2021-10-06 15:58:54
by TWN Staff
Sweet News: Halloween Spending Expected To Reach All-Time High

WASHINGTON -- Consumer spending on Halloween related items is expected to reach an all-time high of $10.14 billion, up from... Read More

WASHINGTON -- Consumer spending on Halloween related items is expected to reach an all-time high of $10.14 billion, up from $8.05 billion in 2020, according to a new survey by the National Retail Federation. The federation conducts its annual Halloween... Read More

J&J Seeks US Clearance for COVID-19 Vaccine Booster Doses

WASHINGTON (AP) — Johnson & Johnson asked the Food and Drug Administration on Tuesday to allow extra shots of its... Read More

WASHINGTON (AP) — Johnson & Johnson asked the Food and Drug Administration on Tuesday to allow extra shots of its COVID-19 vaccine as the U.S. government moves toward expanding its booster campaign to millions more vaccinated Americans. J&J said it... Read More

US Auto Sales Slump, Stalled by Car Computer Chip Shortage

DETROIT (AP) — In a normal month before the pandemic, Con Paulos' Chevy dealership in Jerome, Idaho, sold around 40... Read More

DETROIT (AP) — In a normal month before the pandemic, Con Paulos' Chevy dealership in Jerome, Idaho, sold around 40 new vehicles. In September, it was only six. Now he's got nothing new in stock, and every car, truck or... Read More

2021-10-01 19:48:33
by Dan McCue
Federal Ban on ‘Surprise’ Medical Bills Coming January 1

WASHINGTON -- A ban on so-called “surprise” medical bills --  unexpected, exorbitant health care bills for out-of-network care that arrive... Read More

WASHINGTON -- A ban on so-called “surprise” medical bills --  unexpected, exorbitant health care bills for out-of-network care that arrive on insured patients' doorsteps, oftentimes when they are still at their most vulnerable - is on pace to go into... Read More

Ford to Add 10,800 Jobs Making Electric Vehicles, Batteries

GLENDALE, Ky. (AP) — Ford and a partner company say they plan to build three major electric-vehicle battery factories and... Read More

GLENDALE, Ky. (AP) — Ford and a partner company say they plan to build three major electric-vehicle battery factories and an auto assembly plant by 2025 — a dramatic investment in the future of EV technology that will create an... Read More

2021-09-17 18:47:14
by Victoria Turner
FTC Rescinds Recently Issued Merger Guidelines

WASHINGTON -- The Federal Trade Commission rescinded its Vertical Merger Guidelines Wednesday signaling the start of what may be a... Read More

WASHINGTON -- The Federal Trade Commission rescinded its Vertical Merger Guidelines Wednesday signaling the start of what may be a ramping up of antitrust efforts by the agency. The guidelines were issued jointly by the FTC and the Justice Department’s... Read More

President, CEOs, Biz Leaders Meet on COVID-19 Vaccine Mandates

WASHINGTON (AP) — President Joe Biden was meeting Wednesday with the CEOs of Walt Disney and Columbia Sportswear, and other... Read More

WASHINGTON (AP) — President Joe Biden was meeting Wednesday with the CEOs of Walt Disney and Columbia Sportswear, and other business executives and leaders leaders to discuss  his recently announced vaccine requirement for companies  that employ at least 100 people. ... Read More

Adapt or Else: Downtown Businesses Cope With New Reality

NEW YORK (AP) — Downtown businesses in the U.S. and abroad once took for granted that nearby offices would provide... Read More

NEW YORK (AP) — Downtown businesses in the U.S. and abroad once took for granted that nearby offices would provide a steady clientele looking for breakfast, lunch, everyday goods and services and last-minute gifts. As the resilient coronavirus keeps offices... Read More

Ground Zero Rebuilding Still Unfinished, 20 Years Later

NEW YORK (AP) — Two decades after its destruction in the Sept. 11 attacks, the work to rebuild the World... Read More

NEW YORK (AP) — Two decades after its destruction in the Sept. 11 attacks, the work to rebuild the World Trade Center complex remains incomplete. Two planned skyscrapers, a performing arts center and a church are still unfinished at the... Read More

2021-09-02 14:05:37
by Victoria Turner
Bumpy Road to PPP Loan Forgiveness

WASHINGTON -- Two days after an independent contractor in Illinois received a $20,000 Paycheck Protection Program loan, the Small Business... Read More

WASHINGTON -- Two days after an independent contractor in Illinois received a $20,000 Paycheck Protection Program loan, the Small Business Administration changed a rule governing how a business like his should document the request. Now his loan will not be... Read More

Google Again Delays Return to Office Due to COVID Surges

Google is once again postponing a return to the office for most workers until mid-January, in addition to requiring all... Read More

Google is once again postponing a return to the office for most workers until mid-January, in addition to requiring all employees to be vaccinated once its sprawling campuses are fully reopened. The highly contagious delta variant of the coronavirus is... Read More

US Opens Formal Probe into Tesla Autopilot System

DETROIT (AP) — The U.S. government has opened a formal investigation into Tesla's Autopilot partially automated driving system after a... Read More

DETROIT (AP) — The U.S. government has opened a formal investigation into Tesla's Autopilot partially automated driving system after a series of collisions with parked emergency vehicles.  The investigation covers 765,000 vehicles, almost everything that Tesla has sold in the... Read More

2021-08-10 17:44:33
by Kate Michael
Inter-American Development Bank Creates Toolkit for Nearshoring Supply Chains

WASHINGTON -- Among the unpredicted impacts of COVID-19 was the vulnerability of American dependence on manufacturing and services from China.... Read More

WASHINGTON -- Among the unpredicted impacts of COVID-19 was the vulnerability of American dependence on manufacturing and services from China. Everything from consumer products to pharmaceuticals and health and safety equipment experienced delays and shortages as a result of China... Read More

2021-08-06 14:45:48
by Reece Nations
Some Workers Oppose Vaccination Requirements as Mandates Skyrocket

Disney, Walmart and Tyson Foods are some of the most high-profile corporate entities to announce mandatory COVID-19 vaccination mandates for... Read More

Disney, Walmart and Tyson Foods are some of the most high-profile corporate entities to announce mandatory COVID-19 vaccination mandates for their employees, but not all are on board with the requirement. On Friday, Disney and Walmart announced new policies that... Read More

2021-08-05 13:21:09
by Dan McCue
Biden to Set Goal of 50% Electric Vehicle Sales by 2030

President Joe Biden is expected to announce Thursday that his administration is setting a new national goal for the sale... Read More

President Joe Biden is expected to announce Thursday that his administration is setting a new national goal for the sale of electric vehicles -- wanting half of all new vehicles sold in the U.S. by 2030 to be powered by... Read More

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