Business

HOUSTON — SpaceX sued the National Labor Relations Board Thursday in a lawsuit that seeks to undercut the agency's fundamental authority to rule in workplace disputes. SpaceX hit back with the lawsuit one day after the NLRB filed a labor... Read More

WASHINGTON (AP) — The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing. The incentives announced Thursday include $90 million... Read More

WASHINGTON — A popular hypoallergenic infant formula has been voluntarily recalled by its manufacturer due to possible Cronobacter sakazakii contamination. The formula, Nutramigen Hypoallergenic Infant Formula Powder, is manufactured by Reckitt/Mead Johnson Nutrition. According to an alert issued by the... Read More

WASHINGTON — A former co-owner of Washington, D.C.’s, professional football team is suing Bank of America over his allegations that he was deceived into selling his stake in the Commanders for far less than its value. Tampa, Florida, billionaire Robert... Read More

HOUSTON — The Justice Department on Wednesday sued real estate developers behind a large housing complex outside of Houston the government has accused of taking advantage of immigrants. Colony Ridge promises the buyers secure housing but the Justice Department says... Read More

WASHINGTON (AP) — President Joe Biden is aiming to use a visit to the battleground state of Wisconsin on Wednesday to spotlight a surge in federal government support for Black-owned small businesses during his White House tenure and to highlight... Read More

WASHINGTON — Rite Aid, the struggling nationwide drug store chain, got more bad news Tuesday, as federal regulators tagged it for using facial recognition at its stores that led to scores of women and people of color being wrongly identified... Read More

WASHINGTON — The Justice Department and Federal Trade Commission on Monday released a new set of proposed rules aimed at cracking down on mergers and acquisitions that eliminate competition in the marketplace. The new guidelines, which President Joe Biden announced... Read More

U.S. Steel, the Pittsburgh steel producer that played a key role in the nation's industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the... Read More

DETROIT (AP) — Tesla is recalling nearly all vehicles sold in the U.S., more than 2 million, to update software and fix a defective system that’s supposed to ensure drivers are paying attention when using Autopilot. Documents posted Wednesday by U.S.... Read More

LONGVIEW, N.C. — OneH2, a hydrogen fuel equipment manufacturer, is opening a new production facility in Clover, South Carolina. The building, which is more than 246,000 square feet, was recently purchased by OneH2 from the Belmont Land and Investment Company... Read More

NEW YORK (AP) — An internal Amazon memo has provided a stark look at the company’s carefully laid out plans to grow its influence in Southern California through a plethora of efforts that include burnishing its reputation through charity work... Read More

WASHINGTON — The Supreme Court appeared divided on Monday over a bankruptcy deal struck by Purdue Pharma that would immunize the Sackler family, its one-time owners, from civil lawsuits for their role in the opioid crisis.  The closely watched case is... Read More

NEW YORK — A New York appeals court panel on Thursday reinstated a pair of gag orders issued in Donald Trump’s civil fraud trial that barred the former president from speaking publicly about the judge’s court staff. The two-page decision... Read More

MINNEAPOLIS (AP) — The Mayo Clinic announced a $5 billion expansion plan for its flagship campus Tuesday that includes new buildings designed so they can evolve and expand as patient needs change over the coming decades. The project is part... Read More

SAN JOSE, California (AP) — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The company, based in San Jose,... Read More

PORTSMOUTH, Va. — Siemens Gamesa, the German-Spanish wind engineering company, will not be building a planned $200 million factory to manufacture offshore wind turbine blades in Virginia after all. The massive facility, which had been projected to create more than... Read More

GOTHENBURG, Sweden — Swedish truck maker Volvo Group said it has prevailed in a bankruptcy auction for a failed EV battery manufacturer that once planned to make batteries for thousands of electric trucks, buses and vans at a factory in... Read More

WASHINGTON (AP) — The cancellation of two large offshore wind projects in New Jersey is the latest in a series of setbacks for the nascent U.S. offshore wind industry, jeopardizing the Biden administration’s goals of powering 10 million homes from... Read More

A nonpartisan business group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect in mid-2022. At least $86 billion in investments have been announced,... Read More

DETROIT (AP) — The United Auto Workers union said Wednesday it has reached a tentative contract agreement with Ford that could be a breakthrough toward ending the nearly 6-week-old strikes against Detroit automakers. The four-year deal, which still has to... Read More

NEW YORK (AP) — Wall Street is rising Tuesday after Verizon, General Electric and other big companies reported fatter profits for the summer than expected. The S&P 500 was 0.8% higher in midday trading and on track to break a... Read More

DETROIT (AP) — The United Auto Workers union turned up the heat on General Motors as 5,000 workers walked off their jobs Tuesday at a highly profitable SUV factory in Arlington, Texas. The move comes just a day after the... Read More

WASHINGTON — Pharmacists at dozens of Walgreens and CVS locations across the U.S. have staged walkouts this month to protest what they say are unsafe working conditions in their pharmacies. And more could be on the way, say organizers of... Read More

WASHINGTON — Companies thinking about using AI to take advantage of efficiencies in the hiring process were put on notice earlier this year when the U.S. Equal Employment Opportunity Commission settled its first-ever AI discrimination-in-hiring lawsuit, reaching an agreement with... Read More

OMAHA, Neb. — The developer of a proposed $3.5 billion carbon capture pipeline expected to run through four mid- and upper-midwestern states, summarily canceled the project on Friday, citing "the unpredictable nature of the regulatory and government processes involved." The... Read More

WASHINGTON — The Federal Communications Commission voted on Thursday to proceed with a proposal to restore net neutrality and at the same time, potentially, broaden the agency’s reach. The 3-2 party-line vote — with all Democratic commissioners voting in favor... Read More

NEW YORK (AP) — Wall Street is drifting Tuesday following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking. The S&P 500 was 0.2% higher in midday trading after erasing an... Read More

Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits. The drugstore chain said late Sunday it also has obtained $3.45 billion in... Read More

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. Including debt, Exxon is committing about $64.5 billion... Read More