Business

Wedding Boom is On in US as Vendors Scramble to Keep Up

NEW YORK (AP) — Couples in the U.S. are racing to the altar in a vaccination-era wedding boom that has... Read More

NEW YORK (AP) — Couples in the U.S. are racing to the altar in a vaccination-era wedding boom that has venues and other vendors in high demand. With restrictions on large gatherings loosening, wedding planners and others who make the... Read More

Senate Passes Bill to Boost US Tech Industry, Counter Rivals

WASHINGTON (AP) — The Senate overwhelmingly approved a bill Tuesday that aims to boost U.S. semiconductor production and the development... Read More

WASHINGTON (AP) — The Senate overwhelmingly approved a bill Tuesday that aims to boost U.S. semiconductor production and the development of artificial intelligence and other technology in the face of growing international competition, most notably from China. The 68-32 vote... Read More

2021-06-07 19:48:45
by Reece Nations
G7 Ministers Reach Global Minimum Tax Agreement, But Some Say Deal is Too Minimal

LONDON — Finance Ministers from the Group of 7 have struck a landmark agreement to establish a 15% global minimum... Read More

LONDON — Finance Ministers from the Group of 7 have struck a landmark agreement to establish a 15% global minimum tax rate, discouraging large multinational companies from shifting profits to offshore tax-havens. The deal, announced over the weekend, was struck... Read More

2021-06-07 17:04:32
by Dan McCue
Researchers: More Voices Needed to Shape Future of Work

A quartet of researchers in the United Kingdom say while the COVID-19 pandemic forced employers and employees alike into a... Read More

A quartet of researchers in the United Kingdom say while the COVID-19 pandemic forced employers and employees alike into a “mass experiment” of workplace adjustments, the real work on what the future of work will look like is only just... Read More

France Fines Google $268M for Unfair Online Ads Treatment

PARIS (AP) — France's anti-competition watchdog decided Monday to fine Google 220 million euros ($268 million) for abusing its "dominant... Read More

PARIS (AP) — France's anti-competition watchdog decided Monday to fine Google 220 million euros ($268 million) for abusing its "dominant position" in the online advertising business, an unprecedented move, the body said. Practices used by Google "are particularly serious because... Read More

2021-06-01 14:30:48
by Reece Nations
CEOs Boosted Salaries as Workers Struggled Amid Pandemic, Study Claims

A study conducted by the Institute for Policy Studies found that 51 of the 100 S&P 500 firms with the... Read More

A study conducted by the Institute for Policy Studies found that 51 of the 100 S&P 500 firms with the lowest median worker wages last year manipulated pay rules to inflate the salaries of CEOs while their frontline employees struggled.... Read More

2021-06-01 14:26:07
by Victoria Turner
Guzman Touts SBA's Progress, but More Capital Still Needed

Recently, Rep. Steve Womack, R-Ark., visited family-owned oil and gas company Pruitt when the small business told the congressman that... Read More

Recently, Rep. Steve Womack, R-Ark., visited family-owned oil and gas company Pruitt when the small business told the congressman that it would not have survived the pandemic had it not been for the Paycheck Protection Program funding it received. “PPP... Read More

2021-05-27 18:47:39
by Reece Nations
USDA to Begin Relief Payments to Minority Farmers Despite Lawsuit

WASHINGTON — The Department of Agriculture announced it will start making loan forgiveness payments to thousands of minority farmers in... Read More

WASHINGTON — The Department of Agriculture announced it will start making loan forgiveness payments to thousands of minority farmers in June as part of the American Rescue Plan Act. Roughly $4 billion was set aside by the economic relief package... Read More

2021-05-27 14:29:50
by Victoria Turner
US Supply Chain Cyberdefense Approach Needs to Assist Small Businesses

The U.S. witnessed an “uptick” in ransomware attacks during the pandemic, particularly small businesses. And if those small businesses were... Read More

The U.S. witnessed an “uptick” in ransomware attacks during the pandemic, particularly small businesses. And if those small businesses were offline even a couple of days, “the impact on their supply chain was so significant” that manufacturers turned to other... Read More

Amazon to Buy MGM, Studio Behind James Bond and 'Shark Tank'

NEW YORK (AP) — Online shopping giant Amazon is buying MGM, the movie and TV studio behind James Bond, "Legally... Read More

NEW YORK (AP) — Online shopping giant Amazon is buying MGM, the movie and TV studio behind James Bond, "Legally Blonde" and "Shark Tank," with the hopes of filling its video streaming service with more stuff to watch. Amazon is... Read More

Judge Digs Into Apple App Store Policies as Epic Trial Ends

SAN RAMON, Calif. (AP) — The judge who will decide a case challenging Apple's stranglehold on its iPhone app store... Read More

SAN RAMON, Calif. (AP) — The judge who will decide a case challenging Apple's stranglehold on its iPhone app store indicated on Monday she would like to promote more competition but without dismantling a commission system that reaps billions of... Read More

2021-05-19 14:30:02
by TWN Staff
CEOs Say Regulatory Reform Key to Climate, Infrastructure Plan Success

If the White House and Democrats in Congress truly want to achieve President Joe Biden's economic goals, they should not... Read More

If the White House and Democrats in Congress truly want to achieve President Joe Biden's economic goals, they should not overlook the need to modernize and improve the nation's cumbersome regulatory system, according to a new report from The Business... Read More

2021-05-17 15:29:14
by Dan McCue
How Consumers Created A Pop-Up Gas Crisis

It was a scene that repeated itself at intersection after intersection in the District and surrounding communities in Virginia and... Read More

It was a scene that repeated itself at intersection after intersection in the District and surrounding communities in Virginia and Maryland this past weekend. Desperate-faced drivers, their knuckles taut against their steering wheels, slowly moving past lonely gas pumps and... Read More

Desperate for Workers, US Restaurants and Stores Raise Pay

WASHINGTON (AP) — U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and... Read More

WASHINGTON (AP) — U.S. restaurants and stores are rapidly raising pay in an urgent effort to attract more applicants and keep up with a flood of customers as the pandemic eases. McDonald's, Sheetz and Chipotle  are just some of the... Read More

2021-05-13 20:21:55
by Reece Nations
Working From Home Will Stick Post-Pandemic, Experts Say

CAMBRIDGE, Mass. — A working paper published by the National Bureau of Economic Research contends that working from home may... Read More

CAMBRIDGE, Mass. — A working paper published by the National Bureau of Economic Research contends that working from home may be here to stay after the COVID-19 pandemic has subsided. The paper — authored jointly by Steven Davis of the... Read More

COVID-19 Pet Boom Has Veterinarians Backlogged, Burned Out

FORT LAUDERDALE, Fla. (AP) — During the gloomiest stretches of the pandemic, Dr. Diona Krahn's veterinary clinic has been a... Read More

FORT LAUDERDALE, Fla. (AP) — During the gloomiest stretches of the pandemic, Dr. Diona Krahn's veterinary clinic has been a puppy fest, overrun with new four-legged patients.  Typically, she'd get three or four new puppies a week, but between shelter... Read More

2021-05-05 14:08:35
by Alexa Hornbeck
How the Pandemic Is Shaping Policies for Smoke-Free Air in Casinos

Nathan Moose, a member of the Oglala Sioux Tribe, developed permanent lung damage equivalent to that of a heavy smoker,... Read More

Nathan Moose, a member of the Oglala Sioux Tribe, developed permanent lung damage equivalent to that of a heavy smoker, despite never having smoked a day in his life.   Moose was an employee of a casino for 11 years that... Read More

2021-05-03 21:38:37
by Reece Nations
$28.6 Billion Restaurant Revitalization Fund Open for Enrollment

The Small Business Administration began accepting applications on Monday for the Restaurant Revitalization Fund, a program authorized in March by... Read More

The Small Business Administration began accepting applications on Monday for the Restaurant Revitalization Fund, a program authorized in March by the passage of the American Rescue Plan Act. To receive funding, businesses must submit their application to the SBA on... Read More

2021-04-28 15:20:00
by Dan McCue
Dairy Farmer Groups Launch Bid for Better Post-Pandemic Milk Pricing

Four Midwestern dairy groups who saw their revenues plummet as a result of the coronavirus pandemic have proposed a new... Read More

Four Midwestern dairy groups who saw their revenues plummet as a result of the coronavirus pandemic have proposed a new pricing plan they hope will create greater long-term stability in fluid milk pricing and reduce the chance of similar income... Read More

2021-04-26 15:47:21
by Tom Ramstack
DC Attorney General’s Lawsuit Says Baby Food Maker Misled

WASHINGTON -- Washington, D.C.’s attorney general sued baby food maker Beech-Nut Nutrition Corp. this week with claims the company misled... Read More

WASHINGTON -- Washington, D.C.’s attorney general sued baby food maker Beech-Nut Nutrition Corp. this week with claims the company misled consumers by failing to disclose toxic metals in its food. The lawsuit filed in District of Columbia Superior Court incorporates... Read More

2021-04-19 20:07:32
by Reece Nations
Lower Employment Figures Spur Concern for Airline Industry

WASHINGTON — As the industry continues to rally back from the lifting of pandemic travel restrictions, some passenger airline companies... Read More

WASHINGTON — As the industry continues to rally back from the lifting of pandemic travel restrictions, some passenger airline companies are still struggling to retain full-time employees. February employment figures for airlines were down nearly 1% from January, according to... Read More

2021-04-18 11:57:52
by Dan McCue
Warren Buffett Joins Effort by Corporate America to Condemn Voting Restrictions

Billionaire investor Warren Buffett joined hundreds of other capitalists and corporate titans in signing an open letter condeming “discrimnatory” legislation... Read More

Billionaire investor Warren Buffett joined hundreds of other capitalists and corporate titans in signing an open letter condeming “discrimnatory” legislation designed to curtail voting rights. The letter, which appeared under the headline “We Stand for Democracy,” appeared as a double-page,... Read More

2021-04-16 13:25:59
by Tom Ramstack
Disease Experts Look to the End Of Pandemic But Aren't Sure When

WASHINGTON -- As the U.S. death toll reached 564,000 from COVID-19, the nation’s top disease experts said Thursday normal life... Read More

WASHINGTON -- As the U.S. death toll reached 564,000 from COVID-19, the nation’s top disease experts said Thursday normal life will return for Americans only when enough of them get vaccinated. But with more than 70,000 new infections daily, they... Read More

2021-04-15 21:42:54
by Victoria Turner
The Risky Business of Employee-Ownership

Employee Stock Ownership Plans, like other employee-ownership plans, have gotten much more attention lately due to the impact of the... Read More

Employee Stock Ownership Plans, like other employee-ownership plans, have gotten much more attention lately due to the impact of the COVID-induced recession. This is because employee-owned firms tend to have more financial stability, fewer layoffs and higher survival rates, particularly... Read More

2021-04-14 13:52:27
by Kate Michael
‘People can’t buy what can’t be delivered’: Addressing Global Supply Chain Vulnerabilities

WASHINGTON — We all remember last year’s short-term stampede for toilet paper. But while stores were able to eventually restock... Read More

WASHINGTON — We all remember last year’s short-term stampede for toilet paper. But while stores were able to eventually restock personal products and cleaning supplies, will we be able to do the same with a shortage of semiconductors and other... Read More

2021-04-13 18:08:10
by TWN Staff
U.S. Airline Struggles Continue a Year After Onset of Pandemic

WASHINGTON - U.S. airlines carried 61% fewer passengers in February 2021 than in February 2020, according to preliminary data from... Read More

WASHINGTON - U.S. airlines carried 61% fewer passengers in February 2021 than in February 2020, according to preliminary data from the U.S. Transportation Department. The analysis, which was carried out by the department's Bureau of Transportation Statistics, suggests airlines serving... Read More

2021-04-13 15:01:55
by TWN Staff
Boeing Resumes 787 Dreamliner Deliveries

Boeing's massive aircraft assembly facility in North Charleston, S.C. has resumed deliveries of the aerospace giant's 787 Dreamliner passenger jet,... Read More

Boeing's massive aircraft assembly facility in North Charleston, S.C. has resumed deliveries of the aerospace giant's 787 Dreamliner passenger jet, after the discovery of structural flaws in some of the planes led to five months of engineering analysis and inspection... Read More

Business Faces Tricky Path Navigating Post-Trump Politics

WASHINGTON (AP) — For more than a half-century, the voice emerging from the U.S. Chamber of Commerce's monolithic, Beaux Arts-styled... Read More

WASHINGTON (AP) — For more than a half-century, the voice emerging from the U.S. Chamber of Commerce's monolithic, Beaux Arts-styled building near the White House was predictable: It was the embodiment of American business and, more specifically, a shared set... Read More

2021-04-12 16:24:20
by Tom Ramstack
Norwegian‌ ‌Airline‌ ‌Opposed‌ ‌Over‌ ‌Low-Budget‌ ‌Business‌ ‌Model‌

A startup airline based in Norway is running into opposition from a leading U.S. congressman on transportation policy over its... Read More

A startup airline based in Norway is running into opposition from a leading U.S. congressman on transportation policy over its plan to expand into the United States. The issue is its “flag of convenience” business plan. The startup, called Norse... Read More

2021-04-09 20:27:00
by Dan McCue
Amazon Survives Drive to Unionize Plant in Alabama

Amazon appears to have enough votes to thwart an effort to unionize its warehouse in Bessemer, Ala.  By Friday afternoon,... Read More

Amazon appears to have enough votes to thwart an effort to unionize its warehouse in Bessemer, Ala.  By Friday afternoon, the company had crossed the threshold to secure a majority of votes, with 1,700 warehouse workers voting against the union... Read More

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