Business

2022-04-20 18:27:26
by Tom Ramstack
Washington Commanders Fire Back at Financial Impropriety Allegations

WASHINGTON — Attorneys for the Washington Commanders are challenging allegations submitted to the Federal Trade Commission that the football team's... Read More

WASHINGTON — Attorneys for the Washington Commanders are challenging allegations submitted to the Federal Trade Commission that the football team's owner and top management stole ticket revenue they were supposed to share with visiting teams. The team also is accused... Read More

2022-04-19 21:17:39
by Tom Ramstack
Biden Reinstates Rule Requiring Environmental Review for Projects

WASHINGTON — The White House on Tuesday announced it is restoring provisions of a 1970 law that requires formal review... Read More

WASHINGTON — The White House on Tuesday announced it is restoring provisions of a 1970 law that requires formal review of projects for their environmental impact before they can go forward. The Trump administration had abolished the need for the... Read More

2022-04-18 19:26:15
by Dan McCue
New England Grocers Install Largest Rooftop Solar Array in New Hampshire

PEMBROKE, N.H. — The Associated Grocers of New England, the largest retailer-owned, wholesale grocery distribution center in New England, has... Read More

PEMBROKE, N.H. — The Associated Grocers of New England, the largest retailer-owned, wholesale grocery distribution center in New England, has set a new standard in its commitment to sustainable business practices by covering a large piece of the roof of... Read More

2022-04-15 18:51:28
by Madeline Hughes
Twitter Adopts 'Poison Pill' Defense to Thwart Musk Takeover 

WASHINGTON — Twitter’s board of directors implemented a poison pill to block the potential hostile takeover of the social media... Read More

WASHINGTON — Twitter’s board of directors implemented a poison pill to block the potential hostile takeover of the social media company.  The board’s unanimous vote to deploy its so-called poison pill came the day after Elon Musk publicly made an... Read More

2022-04-14 21:50:23
by Tom Ramstack
Chinese Vehicle Manufacturers Fined $1.6M for Catalytic Converters

WASHINGTON — Three Chinese manufacturers of motorcycles and recreational vehicles must pay a $1.6 million fine after a federal court... Read More

WASHINGTON — Three Chinese manufacturers of motorcycles and recreational vehicles must pay a $1.6 million fine after a federal court in Washington, D.C., found they did not comply with U.S. environmental standards. The Environmental Protection Agency imposed the fines on... Read More

2022-04-13 17:27:14
by Tom Ramstack
Apple CEO Blasts Congress for Bill to Regulate App Sales

WASHINGTON — Apple Inc. Chief Executive Tim Cook is pushing back against a move in Congress to rein in the... Read More

WASHINGTON — Apple Inc. Chief Executive Tim Cook is pushing back against a move in Congress to rein in the market dominance of tech giants through antitrust legislation. Cook said during a speech in Washington, D.C., Tuesday that the pending... Read More

2022-04-08 14:54:45
by Kate Michael
New SEC Climate Disclosure Proposal Has Widespread Impact

WASHINGTON — The Securities and Exchange Commission on March 21 proposed rule changes that would require certain new climate-related disclosures... Read More

WASHINGTON — The Securities and Exchange Commission on March 21 proposed rule changes that would require certain new climate-related disclosures on statements and periodic reports. Among the disclosures would be information about climate-related risks that are reasonably likely to have... Read More

2022-04-07 20:36:37
by Dan McCue
House Passes $55 Billion COVID Relief Bill for Restaurants, Bars, Others

WASHINGTON — The House on Thursday approved a $55 billion COVID-19 relief bill aimed at helping restaurants, bars and other... Read More

WASHINGTON — The House on Thursday approved a $55 billion COVID-19 relief bill aimed at helping restaurants, bars and other businesses shake off the lingering effects of the now two-year-old pandemic. But even with the rush put on considering the... Read More

2022-04-07 16:50:54
by Dan McCue
Global Market for Concentrated Solar Power Could Reach $133B by 2030

WASHINGTON — The worldwide market for concentrated solar power could be worth as much as $133 billion by 2030, despite... Read More

WASHINGTON — The worldwide market for concentrated solar power could be worth as much as $133 billion by 2030, despite high upfront costs and other concerns, a new report finds. If it does indeed achieve the value identified by Precedence... Read More

2022-04-06 22:31:14
by Madeline Hughes
Study Shows Mobile Payments Gaining Traction 

WASHINGTON — As Generation Z enters adulthood their spending and banking habits have the potential to increase social media advertising... Read More

WASHINGTON — As Generation Z enters adulthood their spending and banking habits have the potential to increase social media advertising and the use of digital payments, such as mobile wallets, according to a new study by Thunes, a global B2B... Read More

2022-04-01 18:23:12
by Madeline Hughes
NY Workers Win First-Ever Amazon Union

STATEN ISLAND, N.Y. — Employees at a Staten Island Amazon Warehouse are the first to successfully vote to unionize in... Read More

STATEN ISLAND, N.Y. — Employees at a Staten Island Amazon Warehouse are the first to successfully vote to unionize in the tech company’s history. On April 1, the Amazon Labor Union tallied 2050 “yes” votes and 1574 “no” from workers,... Read More

2022-03-30 17:58:14
by Madeline Hughes
FTC Sues Creators of TurboTax for Allegedly Misleading Consumers

WASHINGTON —The Federal Trade Commission is suing the makers of TurboTax, Intuit Inc., over an allegedly “deceptive” ad campaign offering... Read More

WASHINGTON —The Federal Trade Commission is suing the makers of TurboTax, Intuit Inc., over an allegedly “deceptive” ad campaign offering “free” services and then having charges appear as Americans file their taxes with the online software. “TurboTax is bombarding consumers... Read More

2022-03-30 16:36:40
by Dan McCue
PepsiCo Seeking to Accelerate Clean Energy Adoption by Value Chain Partners

PURCHASE, N.Y. — PepsiCo and Schneider Electric, a leading consultant on corporate purchasing of renewable energy, launched a new initiative... Read More

PURCHASE, N.Y. — PepsiCo and Schneider Electric, a leading consultant on corporate purchasing of renewable energy, launched a new initiative Wednesday to increase access to green power for the soft drink giant’s value chain partners. Earlier this year, the company... Read More

2022-03-21 22:01:00
by Dan McCue
Private Companies Urged to Bulk Up Cyber Defenses

WASHINGTON — The White House on Monday urged private companies to bolster their cyber defenses, citing intelligence that suggests the... Read More

WASHINGTON — The White House on Monday urged private companies to bolster their cyber defenses, citing intelligence that suggests the Russian government is exploring “options for potential cyberattacks” on entities and critical infrastructure in the United States. “To be clear,... Read More

2022-03-11 20:32:19
by Tom Ramstack
Congressmen Ask Justice Dept. to Investigate Amazon

WASHINGTON – Members of Congress are asking the Justice Department to investigate whether Amazon.com officials lied last year when they... Read More

WASHINGTON – Members of Congress are asking the Justice Department to investigate whether Amazon.com officials lied last year when they denied giving preference to their own offerings on their website. They sent a letter to U.S. Attorney General Merrick Garland... Read More

Fewer Americans Applied for Jobless Benefits Last Week

WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week reflecting a low number of layoffs across the economy.... Read More

WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week reflecting a low number of layoffs across the economy. Jobless claims fell by 18,000 to 215,000 for the week ending February 26, from 233,000 the previous week, the Labor... Read More

Ford to Run EV, Internal Combustion Divisions Separately

Ford said that it will run its electric vehicle and internal combustion divisions as two separate businesses to accelerate its... Read More

Ford said that it will run its electric vehicle and internal combustion divisions as two separate businesses to accelerate its adaptation of new technology and the Detroit automaker said Wednesday that its shift to electric vehicles is accelerating. Ford plans... Read More

High Court Takes Case Involving Refusal to Serve Gay Couples

WASHINGTON (AP) — The Supreme Court has agreed to hear a new clash involving religion and the rights of LGBTQ... Read More

WASHINGTON (AP) — The Supreme Court has agreed to hear a new clash involving religion and the rights of LGBTQ people in the case of a Colorado web designer who says her religious beliefs prevent her from offering wedding website... Read More

2022-02-17 21:13:00
by Dan McCue
Judge Rules NY AG Can Question Trump, Children Under Oath

NEW YORK — New York Attorney General Letitia James can question former President Donald Trump and two of his adult... Read More

NEW YORK — New York Attorney General Letitia James can question former President Donald Trump and two of his adult children as part of a civil inquiry into his business practices, a state Supreme Court judge ruled Wednesday afternoon. The... Read More

2022-02-15 22:20:02
by Dan McCue
Korsmo Tapped to Head National Restaurant Association

WASHINGTON — The National Restaurant Association has chosen Michelle Korsmo, president and CEO of the Wine & Spirits Wholesalers of... Read More

WASHINGTON — The National Restaurant Association has chosen Michelle Korsmo, president and CEO of the Wine & Spirits Wholesalers of America, to be its new guiding light. Korsmo, who will start her new role on May 1, will hold the... Read More

2022-02-11 23:30:47
by Reece Nations
Scott, Hassan Lead Bipartisan Bill to Reinstate Employee Retention Tax Credit 

WASHINGTON — Sens. Tim Scott, R-S.C., and Maggie Hassan, D-N.H., on Thursday introduced legislation to reinstate the Employee Retention Tax... Read More

WASHINGTON — Sens. Tim Scott, R-S.C., and Maggie Hassan, D-N.H., on Thursday introduced legislation to reinstate the Employee Retention Tax Credit that expired for most businesses in September. Originally introduced by the CARES Act in 2020, the program provided employers... Read More

2022-02-04 19:18:16
by Dan McCue
House Passes Sweeping Measure to Boost US Competitiveness With China

WASHINGTON — The House voted 222-210 on Friday to approve legislation to bolster research and development to help the United... Read More

WASHINGTON — The House voted 222-210 on Friday to approve legislation to bolster research and development to help the United States better compete with China, unravel supply chain snafus and give a much-needed boost to the domestic semiconductor industry. Rep.... Read More

2022-02-02 14:49:19
by Dan McCue
Bipartisan Anti-Poverty Bill Unveiled in House, Senate

WASHINGTON — Sens. Cory Booker, D-N.J., and Rob Portman, D-Ohio, joined by House Majority Whip James Clyburn, D-S.C. and Rep.... Read More

WASHINGTON — Sens. Cory Booker, D-N.J., and Rob Portman, D-Ohio, joined by House Majority Whip James Clyburn, D-S.C. and Rep. Hal Rogers, R-Ky., are urging their colleagues to support a sweeping new anti-poverty bill intended, in their words, “to create... Read More

US Economy Grew 5.7% in 2021 in Rebound From 2020 Recession

WASHINGTON (AP) — The U.S. economy grew last year at the fastest pace since Ronald Reagan's presidency, bouncing back with... Read More

WASHINGTON (AP) — The U.S. economy grew last year at the fastest pace since Ronald Reagan's presidency, bouncing back with resilience from 2020's brief but devastating coronavirus recession. The nation’s gross domestic product — its total output of goods and... Read More

2022-01-19 18:37:19
by Dan McCue
New York Governor Seeks to Bolster Entertainment Industry

ALBANY, N.Y. — New York Gov. Kathy Hochul’s first budget proposal as chief executive includes key tax credit extensions aimed... Read More

ALBANY, N.Y. — New York Gov. Kathy Hochul’s first budget proposal as chief executive includes key tax credit extensions aimed at bolstering the state’s entertainment industry and revitalizing an economy still struggling with the coronavirus pandemic. Hochul’s proposed budget would... Read More

2022-01-19 16:54:19
by Alexa Hornbeck
CMS Vaccine Mandate Passes With Some Resistance

WASHINGTON — The Supreme Court recently gave the green light to a national vaccine mandate for 10 million health care... Read More

WASHINGTON — The Supreme Court recently gave the green light to a national vaccine mandate for 10 million health care workers who serve Medicaid and Medicare recipients. The mandate says, get vaccinated or lose funding from the U.S. Centers for... Read More

2022-01-18 21:59:59
by Dan McCue
AT&T, Verizon to Delay 5G Rollout Near Airports

WASHINGTON — AT&T and Verizon on Tuesday agreed to delay their rollout of new 5G services near some unspecified airports... Read More

WASHINGTON — AT&T and Verizon on Tuesday agreed to delay their rollout of new 5G services near some unspecified airports over ongoing concerns that moving those services to a new band could cause flight disruptions. Debate has been raging for... Read More

2022-01-13 20:25:21
by Dan McCue
Supreme Court Blocks Vaccine Mandate for Large Businesses; Health Care Worker Mandate Stands

WASHINGTON — The Supreme Court on Thursday blocked the Biden administration from enforcing a COVID-19 vaccine mandate on businesses that... Read More

WASHINGTON — The Supreme Court on Thursday blocked the Biden administration from enforcing a COVID-19 vaccine mandate on businesses that employ 100 or more workers, but in a separate ruling allowed a mandate on health care workers to proceed. In... Read More

2022-01-05 18:42:23
by Alexa Hornbeck
Expert Discusses Gaps in Federal Policy to Ban Surprise Medical Bills

WASHINGTON — A federal law banning surprise medical bills U.S. patients may receive following an emergency room visit, air ambulance... Read More

WASHINGTON — A federal law banning surprise medical bills U.S. patients may receive following an emergency room visit, air ambulance trip, or receiving care out-of-network went into effect on Jan 1., but health policy expert Jack Hoadley finds that gaps... Read More

2022-01-03 18:56:36
by Tom Ramstack
Coaches Sue Washington Nationals After Defying Vaccination Mandate

WASHINGTON — Two coaches from the Washington Nationals baseball team are adding to the lawsuits spun off from mandates by... Read More

WASHINGTON — Two coaches from the Washington Nationals baseball team are adding to the lawsuits spun off from mandates by the federal government and private employers requiring employees to get vaccinated against COVID-19. The federal mandate announced by President Joe... Read More

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