Business

2022-07-20 16:00:07
by Alexa Hornbeck
US No Longer Miles Ahead in Research and Development Rankings

WASHINGTON — The U.S. is no longer at the top in all areas of research and development, according to speakers... Read More

WASHINGTON — The U.S. is no longer at the top in all areas of research and development, according to speakers from a U.S. Chamber of Commerce Foundation event on Tuesday to examine how America can maintain its competitiveness. “It is... Read More

2022-07-19 20:29:04
by Madeline Hughes
Early Loss for Musk as October Date Set for Twitter Trial

GEORGETOWN, Del. — Twitter’s lawsuit will move forward in a five-day trial in October, Delaware Court of Chancery chancellor Kathaleen... Read More

GEORGETOWN, Del. — Twitter’s lawsuit will move forward in a five-day trial in October, Delaware Court of Chancery chancellor Kathaleen St. Jude McCormick ruled Tuesday. The ruling was a win for Twitter as the company had requested an expedited trial... Read More

2022-07-19 13:44:26
by Dan McCue
Union Station Starbucks Closing July 31

WASHINGTON — Commuters who use Union Station to travel to and from the district won’t have the Starbucks on the... Read More

WASHINGTON — Commuters who use Union Station to travel to and from the district won’t have the Starbucks on the station’s concourse to satisfy their coffee craving much longer. The multinational chain of coffeehouses announced Monday that it is closing... Read More

Retail Sales Up 1% in June, Easing Fears of a Recession

NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at... Read More

NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession.... Read More

2022-07-13 16:25:32
by Madeline Hughes
Twitter Suing Musk Claiming Attempt to Purchase Company Was ‘Elaborate Joke’

WASHINGTON — Twitter sued Elon Musk Tuesday after the world’s richest man attempted to back out of his $44 billion... Read More

WASHINGTON — Twitter sued Elon Musk Tuesday after the world’s richest man attempted to back out of his $44 billion deal to buy the social media company last week. The company calls his attempt to back out part of a... Read More

Looming Musk-Twitter Legal Battle Hammers Company Shares

NEW YORK (AP) — Shares of Twitter slid more than 6% at the opening bell Monday after billionaire Elon Musk... Read More

NEW YORK (AP) — Shares of Twitter slid more than 6% at the opening bell Monday after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in... Read More

2022-07-08 22:50:13
by Madeline Hughes
Musk Backs Out of Twitter Deal

WASHINGTON — Elon Musk is officially pulling out of his $44 billion bid to buy Twitter, according to a letter... Read More

WASHINGTON — Elon Musk is officially pulling out of his $44 billion bid to buy Twitter, according to a letter his lawyer sent to the Securities and Exchange Commission Friday.  According to his letter, Musk is backing out because Twitter... Read More

2022-07-08 15:54:36
by Natalie McCormick
Overturning Roe Has Birth Control and Emergency Contraceptives in High Demand

WASHINGTON — In the wake of the Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization, which overturned Roe... Read More

WASHINGTON — In the wake of the Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization, which overturned Roe v. Wade, demand for various forms of contraceptives, including the so-called morning-after pill, and long-lasting forms of birth control, has... Read More

2022-07-04 16:48:57
by Dan McCue
ExxonMobil, Shell to Pursue Carbon Capture and Storage Hub in China

IRVING, Texas — ExxonMobil and Shell are partnering with two Chinese entities — the China National Offshore Oil Corporation and... Read More

IRVING, Texas — ExxonMobil and Shell are partnering with two Chinese entities — the China National Offshore Oil Corporation and Guangdong Provincial Development and Reform Commission — to evaluate the potential for a world-scale carbon capture and storage project in... Read More

2022-06-29 19:06:48
by Reece Nations
Companies Embrace Future of Work Trends Post-COVID

SAN ANTONIO — The pandemic may have been the catalyst for workplaces around the country to adapt and solve common... Read More

SAN ANTONIO — The pandemic may have been the catalyst for workplaces around the country to adapt and solve common issues experienced before COVID-19 forced companies to change their everyday operations. Although the economy has largely recovered from COVID-19 following... Read More

2022-06-29 18:58:02
by Alexa Hornbeck
US Chamber of Commerce Health Summit Prioritizes Role of Value-Based Care

WASHINGTON — Attendees at the 9th Annual Health Summit held by the U.S. Chamber of Commerce focused on the role... Read More

WASHINGTON — Attendees at the 9th Annual Health Summit held by the U.S. Chamber of Commerce focused on the role of putting the consumer at the center when it comes to the business of health care. “At this point it's... Read More

2022-06-21 15:07:28
by Dan McCue
Business Groups Pushing Back Hard on SEC Emissions Reporting Proposal

WASHINGTON — Business groups and corporate lobbyists were among those pushing back hardest as the deadline elapsed Friday on a... Read More

WASHINGTON — Business groups and corporate lobbyists were among those pushing back hardest as the deadline elapsed Friday on a Securities and Exchange Commission proposal that would require companies for the first time to disclose their carbon emissions and climate... Read More

2022-06-15 14:58:51
by Dan McCue
Amazon, Cartier Sue Social Media Influencer, Businesses, Over Counterfeits

SEATTLE – Amazon and Cartier filed joint lawsuits against an unnamed social media influencer and eight businesses on Wednesday on... Read More

SEATTLE – Amazon and Cartier filed joint lawsuits against an unnamed social media influencer and eight businesses on Wednesday on claims they advertised, promoted, and facilitated the sale of counterfeit luxury goods through Instagram and other websites. The federal lawsuits,... Read More

US Has Over 750 Complaints That Teslas Brake for No Reason

DETROIT (AP) — More than 750 Tesla owners have complained to U.S. safety regulators that cars operating on its partially... Read More

DETROIT (AP) — More than 750 Tesla owners have complained to U.S. safety regulators that cars operating on its partially automated driving systems have suddenly stopped on roadways for no apparent reason. The National Highway Traffic Safety Administration revealed the... Read More

2022-06-01 21:36:48
by Madeline Hughes
Sheryl Sandberg Steps Down as Facebook Exec

WASHINGTON — Facebook CEO Sheryl Sandberg announced she is leaving the company this fall after 14 years. “Fourteen years later,... Read More

WASHINGTON — Facebook CEO Sheryl Sandberg announced she is leaving the company this fall after 14 years. “Fourteen years later, it is time for me to write the next chapter of my life,” she wrote in a Facebook post. “I... Read More

2022-06-01 17:40:04
by Dan McCue
Koch Companies Partner to Build Massive Solar Farm to Power Oil Refinery

ROSEMOUNT, Minn. – Two Koch companies are partnering to build what they say may be the largest solar installation of... Read More

ROSEMOUNT, Minn. – Two Koch companies are partnering to build what they say may be the largest solar installation of its kind in the United States to help power Minnesota’s largest oil refinery. The Flint Hills’ Pine Bend oil refinery... Read More

2022-05-24 13:44:23
by Dan McCue
Hyundai to Build $6.5B Electric Vehicle Plant Near Savannah, Georgia

SAVANNAH, Ga. — Hyundai Motor Group is planning to invest $6.5 billion in a massive electric vehicle factory just south... Read More

SAVANNAH, Ga. — Hyundai Motor Group is planning to invest $6.5 billion in a massive electric vehicle factory just south of the city of Savannah. The plans were jointly announced by Gov. Brian Kemp and Hyundai Chairman Char Euisun Chung.... Read More

2022-05-13 18:38:52
by Dan McCue
Baby Formula Maker Extends WIC Rebates to Ease Shortage Crisis

WASHINGTON — Abbott Nutrition on Friday committed to continue providing rebates in states with which it holds Special Supplemental Nutrition... Read More

WASHINGTON — Abbott Nutrition on Friday committed to continue providing rebates in states with which it holds Special Supplemental Nutrition Program for Women, Infants, and Children contracts through August 31 in a bid to ease the ongoing baby formula crisis.... Read More

2022-05-12 23:09:06
by Dan McCue
White House Accelerates Response to Baby Formula Shortage

WASHINGTON — President Joe Biden on Thursday directed his administration to “work urgently” to respond to the major baby formula... Read More

WASHINGTON — President Joe Biden on Thursday directed his administration to “work urgently” to respond to the major baby formula shortage that has forced families across the United States to rely on others with leftover supplies to swap or sell... Read More

2022-05-10 14:15:31
by Reece Nations
Starbucks Faces Bitter Brew of Federal Labor Complaints

BUFFALO, N.Y. — The regional director for the National Labor Relations Board in Buffalo, New York, filed a complaint last... Read More

BUFFALO, N.Y. — The regional director for the National Labor Relations Board in Buffalo, New York, filed a complaint last week against Starbucks alleging the coffeehouse company committed a litany of federal labor law violations. Starbucks Workers United alleges the... Read More

2022-05-05 21:47:48
by Dan McCue
Boeing to Relocate Headquarters to Arlington

CHICAGO — Boeing revealed today that it is relocating its headquarters from Chicago to Arlington, Virginia, and will establish a... Read More

CHICAGO — Boeing revealed today that it is relocating its headquarters from Chicago to Arlington, Virginia, and will establish a major research and technology hub at its new location. “We are excited to build our foundation here in Northern Virginia,”... Read More

Wall Street Slumps, Erasing a Big Rally From a Day Earlier

NEW YORK (AP) — Stocks are slumping on Wall Street, erasing a rally from a day earlier, as markets assess... Read More

NEW YORK (AP) — Stocks are slumping on Wall Street, erasing a rally from a day earlier, as markets assess the looming fallout from the Federal Reserve’s stepped-up fight against inflation. On Wednesday, the Fed raised its benchmark interest rate by half... Read More

2022-05-04 17:32:19
by Kate Michael
Florida House’s OJ Day Brings Politicos, Protestors Together Behind Supreme Court

WASHINGTON — Politicians, Supreme Court protestors, and passersby were all spotted squeezing some Florida sunshine into their day, enjoying free... Read More

WASHINGTON — Politicians, Supreme Court protestors, and passersby were all spotted squeezing some Florida sunshine into their day, enjoying free orange juice offered by Florida House’s annual Orange Juice Day giveaway on Capitol Hill Wednesday morning. Each year on May... Read More

2022-05-04 17:25:30
by Dan McCue
DC Tourism Saw Rebound Last Year, but Still Lags 2019 Levels

WASHINGTON — Approximately 18.8 million people visited the District of Columbia last year, contributing some $5.4 billion to the local... Read More

WASHINGTON — Approximately 18.8 million people visited the District of Columbia last year, contributing some $5.4 billion to the local economy, but the numbers, released Wednesday as part of the city’s annual Travel Rally at Union Market, still remain significantly... Read More

2022-04-26 20:29:46
by Dan McCue
Business Events, Venues Still Struggling in Uneven Pandemic Recovery of Travel Sector

WASHINGTON — Despite the pent up desire of business travelers to once again attend conferences, conventions or trade shows, the... Read More

WASHINGTON — Despite the pent up desire of business travelers to once again attend conferences, conventions or trade shows, the business travel sector continues to struggle in this period of uneven recovery from the lingering, but far less problematic coronavirus... Read More

Can Musk Deliver on His Vision for Twitter? Questions Remain

Tesla CEO Elon Musk stands to be the next owner of Twitter, having pledged roughly $44 billion to buy the... Read More

Tesla CEO Elon Musk stands to be the next owner of Twitter, having pledged roughly $44 billion to buy the social platform and take it private. Assuming that happens, next up on his agenda will be planning how to fulfill his promises... Read More

2022-04-25 19:35:55
by Tom Ramstack
Iowa Supreme Court Ruling Shows Businesses Bear Pandemic Losses

WASHINGTON — An Iowa Supreme Court ruling on Friday that denied insurance coverage for COVID-19 losses to a golf club... Read More

WASHINGTON — An Iowa Supreme Court ruling on Friday that denied insurance coverage for COVID-19 losses to a golf club and a restaurant appears to be a sign of the times in lawsuits coming out of the pandemic. A day... Read More

2022-04-25 18:43:45
by Madeline Hughes
Elon Musk Seals Deal to Buy Twitter for $44 Billion

WASHINGTON — After a weekend of intense negotiations, Elon Musk has clinched a deal to become the new owner of... Read More

WASHINGTON — After a weekend of intense negotiations, Elon Musk has clinched a deal to become the new owner of Twitter, after convincing the company’s board to accept his $44 billion takeover proposal. Under the terms of the deal, Twitter... Read More

2022-04-22 13:07:23
by Reece Nations
DC Trump Hotel Will Be Waldorf Astoria by End of April

WASHINGTON — Control of the Old Post Office Building in Washington, D.C., will be sold to Miami-based investment firm CGI... Read More

WASHINGTON — Control of the Old Post Office Building in Washington, D.C., will be sold to Miami-based investment firm CGI Merchant Group by the end of April when it will become a Hilton-affiliated hotel. The historic building is currently the... Read More

2022-04-21 20:56:26
by Dan McCue
GE Unveils New 3D Printer to Build Wind Turbine Towers On Site

BERGEN, N.Y. — When it comes to wind power turbines, taller really is better. But size dramatically escalates the cost... Read More

BERGEN, N.Y. — When it comes to wind power turbines, taller really is better. But size dramatically escalates the cost of projects while making some almost logistically impossible. Researchers at GE Renewable Energy recently came up with a solution —... Read More

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