Business

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

2021-12-29 19:44:03
by Kate Michael
Europe Leading the Charge on ESG but Coordination Needed

WASHINGTON — Investment markets around the world are realizing that a short-term focus on purely financial goals is no longer... Read More

WASHINGTON — Investment markets around the world are realizing that a short-term focus on purely financial goals is no longer sufficient. But as the momentum behind environmental, social, and governance builds, it’s the European Union that is really leading the... Read More

2021-12-28 22:11:47
by Brock Blasdell
Labor Dept. Sets Limits on Tipped Employees Performing Non-Tipped Work

WASHINGTON — On Tuesday the Department of Labor set new limits on the amount of time employers can use tipped-employees... Read More

WASHINGTON — On Tuesday the Department of Labor set new limits on the amount of time employers can use tipped-employees to do non-tip-producing work.  The new ruling, implemented at a time of nation-wide labor shortages, comes via a clarification of... Read More

2021-12-27 16:46:05
by Dan McCue
US Retail Sales, Excluding Autos, Grew 8.5% This Holiday Season

PURCHASE, N.Y. — Holiday retail sales, excluding automotive, increased 8.5% year-over-year this holiday season, according to Mastercard SpendingPulse. Mastercard SpendingPulse... Read More

PURCHASE, N.Y. — Holiday retail sales, excluding automotive, increased 8.5% year-over-year this holiday season, according to Mastercard SpendingPulse. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment. It defines the “holiday season” as the period running... Read More

2021-12-23 13:52:05
by Dan McCue
Supreme Court to Hold Special Hearing on Biden Vaccine Mandates

WASHINGTON — The Supreme Court announced Wednesday night that it will hold a special hearing in January to consider the... Read More

WASHINGTON — The Supreme Court announced Wednesday night that it will hold a special hearing in January to consider the constitutionality of vaccine mandates imposed by the Biden administration. Both of the cases the justices will hear on Friday, Jan.... Read More

Pfizer Pill Becomes 1st US-Authorized Home COVID Treatment

WASHINGTON (AP) — U.S. health regulators on Wednesday authorized the first pill against COVID-19, a Pfizer drug that Americans will... Read More

WASHINGTON (AP) — U.S. health regulators on Wednesday authorized the first pill against COVID-19, a Pfizer drug that Americans will be able to take at home to head off the worst effects of the virus. The long-awaited milestone comes as... Read More

2021-12-22 17:07:01
by Alexa Hornbeck
OSHA Moves Forward on Implementing Vaccine Mandate

WASHINGTON — The U.S. Court of Appeals for the Sixth Circuit recently dissolved the stay of the emergency temporary standard... Read More

WASHINGTON — The U.S. Court of Appeals for the Sixth Circuit recently dissolved the stay of the emergency temporary standard mandating all businesses with 100 or more employees require staff to get fully vaccinated or undergo weekly testing.  “OSHA is... Read More

'We have stock': Smaller Stores Aim for Last-Minute Shoppers

NEW YORK (AP) — After a wearying nearly two years of the pandemic, independent retailers are cautiously hoping their holiday... Read More

NEW YORK (AP) — After a wearying nearly two years of the pandemic, independent retailers are cautiously hoping their holiday seasons will be bright, despite the challenges this year ranging from supply chain snags to shortages of hot holiday items.... Read More

2021-12-21 22:16:39
by Dan McCue
Independently Owned Restaurants Press for Relief Funding

WASHINGTON — As states across the country prepare for a continued surge in cases of the omicron variant, a coalition... Read More

WASHINGTON — As states across the country prepare for a continued surge in cases of the omicron variant, a coalition of independent restaurant owners is urging Congress to replenish an emergency relief fund for their industry. According to the Independent... Read More

2021-12-16 13:03:38
by Tom Ramstack
Airlines Say Government Bailout Helped Avoid Financial Disaster

WASHINGTON — A Senate panel came away surprisingly pleased Wednesday with its check on whether airlines were using government bailouts... Read More

WASHINGTON — A Senate panel came away surprisingly pleased Wednesday with its check on whether airlines were using government bailouts appropriately during the COVID-19 pandemic. Airline executives told the Senate Commerce, Science and Transportation Committee that subsidies under the Payroll... Read More

2021-12-14 19:31:02
by Dan McCue
Ex-FCC Chairs Voice Concerns Over FAA Stance On 5G

WASHINGTON — Six former chairs of the Federal Communications Commission accused aviation regulators of needlessly trying to derail new 5G... Read More

WASHINGTON — Six former chairs of the Federal Communications Commission accused aviation regulators of needlessly trying to derail new 5G mobile services slated to start next month. As previously reported by The Well News, a roiling dispute has been going... Read More

2021-12-14 19:26:57
by Reece Nations
Harris, Yellen Announce Billions in Investments to Emergency Capital Investment Program

WASHINGTON — Vice President Kamala Harris and Treasury Secretary Janet Yellen announced on Tuesday over $8.7 billion in investments through... Read More

WASHINGTON — Vice President Kamala Harris and Treasury Secretary Janet Yellen announced on Tuesday over $8.7 billion in investments through the Emergency Capital Investment Program for small businesses and low- and moderate-income consumers in rural and underserved communities. The program’s... Read More

2021-12-09 16:32:37
by Dan McCue
House Passes Bipartisan Bill Aimed at Strengthening Shipping Supply Chain

WASHINGTON —The House on Wednesday night overwhelmingly endorsed a bipartisan bill intended to strengthen ocean supply chains that have been... Read More

WASHINGTON —The House on Wednesday night overwhelmingly endorsed a bipartisan bill intended to strengthen ocean supply chains that have been racked by bottlenecks since last summer. The Ocean Shipping Reform Act, introduced by Rep. John Garamendi, D-Calif., in August just... Read More

Major Outage at Amazon Disrupts Businesses Across the US

A major outage in Amazon's cloud computing network Tuesday severely disrupted services at a wide range of U.S. companies for... Read More

A major outage in Amazon's cloud computing network Tuesday severely disrupted services at a wide range of U.S. companies for more than five hours, the latest sign of just how concentrated the business of keeping the internet running has become.... Read More

2021-12-03 20:08:46
by Reece Nations
Holiday Sales Could Be Higher Than Expected Despite Supply Chain, Inflation Woes

WASHINGTON — Holiday shopping appears to be on track to beat out the National Retail Federation’s spending forecast in spite... Read More

WASHINGTON — Holiday shopping appears to be on track to beat out the National Retail Federation’s spending forecast in spite of continued supply chain impediments, rising inflation and the omicron variant. Holiday retail sales for November and December are now... Read More

US Employers Added a Sluggish 210,000 Jobs in November

WASHINGTON (AP) — America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the fewest in nearly... Read More

WASHINGTON (AP) — America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the fewest in nearly a year. Friday’s report from the Labor Department also showed that the unemployment rate fell sharply to 4.2% from 4.6%.... Read More

World Shares, US Futures Slip on Worries Over Omicron Risks

NEW YORK (AP) — Global shares mostly slipped Tuesday as investors cautiously weighed how much damage the new omicron coronavirus... Read More

NEW YORK (AP) — Global shares mostly slipped Tuesday as investors cautiously weighed how much damage the new omicron coronavirus variant may unleash on the global economy. Germany's DAX lost 1.1% to 15,106.35 in afternoon trading. France’s CAC 40 slipped... Read More

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