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Business

Biden: US Damage Appears Minimal in Big Ransomware Attack

WASHINGTON (AP) — President Joe Biden said Tuesday that damage to U.S. businesses in the biggest ransomware attack on record... Read More

WASHINGTON (AP) — President Joe Biden said Tuesday that damage to U.S. businesses in the biggest ransomware attack on record appears minimal, though information remained incomplete. The company whose software was exploited said fewer than 1,500 businesses worldwide appeared compromised... Read More

2021-07-07 16:13:34
by Brock Blasdell
Record High Confidence Levels Wane for Agricultural Producers

An Ag Economy Barometer report published Tuesday found a 21-point decline in the confidence of food producers in the United... Read More

An Ag Economy Barometer report published Tuesday found a 21-point decline in the confidence of food producers in the United States for June. This solidifies a second month of waning optimism from record highs set earlier in 2021, and indicates... Read More

As Employers Struggle to Fill Jobs, Teens Come to the Rescue

WASHINGTON (AP) — The owners of restaurants, amusement parks and retail shops, many of them desperate for workers, are sounding... Read More

WASHINGTON (AP) — The owners of restaurants, amusement parks and retail shops, many of them desperate for workers, are sounding an unusual note of gratitude this summer: Thank goodness for teenagers. As the U.S. economy bounds back with unexpected speed... Read More

2021-07-06 17:59:25
by Dan McCue
Movie Theaters Slowly Recovering From Pandemic Closures

Movie theaters are seeing a slow uptick in their business as summer and reopenings continue, but the box office take... Read More

Movie theaters are seeing a slow uptick in their business as summer and reopenings continue, but the box office take for 2021 to date is still 81% below where it was pre-pandemic, according to analysis by Variety magazine. Though the... Read More

2021-07-01 15:01:16
by Dan McCue
Turning Risk into Opportunity as Businesses Grapple with Social Upheaval

As social justice incidents and general discord and divisiveness across society have increased, a growing number of companies are feeling... Read More

As social justice incidents and general discord and divisiveness across society have increased, a growing number of companies are feeling pressure both from their employees and their customers to take a stand and provide leadership. It’s not enough to issue... Read More

2021-06-30 20:26:19
by Alexa Hornbeck
National Press Club Discusses Best Practices for COVID-Safe Workplaces

The National Press Club held an event this week to explore some of the key factors relating to safety and... Read More

The National Press Club held an event this week to explore some of the key factors relating to safety and security as more employees head back to the workplace. “The new world post pandemic is all about flexibility, but now... Read More

2021-06-29 13:18:25
by Ansley Puckett
South Carolina Governor Signs Bill to Protect Small Businesses

COLUMBIA, S.C.- South Carolina Gov. Henry McMaster signed a bill on June 24 that protects small businesses from COVID-related lawsuits.  ... Read More

COLUMBIA, S.C.- South Carolina Gov. Henry McMaster signed a bill on June 24 that protects small businesses from COVID-related lawsuits.   The South Carolina COVID-19 Liability Safe Harbor Act provides legal immunity to businesses, health care facilities and state agencies that... Read More

2021-06-28 19:35:33
by Brock Blasdell
Bipartisan Report Says Sourcing Small Businesses for Government Contracts is Step Forward

The Bipartisan Policy Center, in conjunction with Goldman Sachs 10K Small Businesses Voices and Center Forward, have published a policy... Read More

The Bipartisan Policy Center, in conjunction with Goldman Sachs 10K Small Businesses Voices and Center Forward, have published a policy report favoring measures taken by the Biden administration to support small businesses during America’s economic recovery.  The report praises the... Read More

2021-06-28 15:01:39
by Dan McCue
Consistently Teaching Employees New Skills Enhances Loyalty, New Report Shows

Programs that teach employees a new skill - whether it's something additional to better perform a current role, or a... Read More

Programs that teach employees a new skill - whether it's something additional to better perform a current role, or a new set of capabilities to prepare someone for a different role, will be a key component in competing for the... Read More

From Biden to Congress, Big Tech is Under Mounting Pressure

WASHINGTON (AP) — Without speaking a word or scratching a pen across paper, President Joe Biden drove up the pressure... Read More

WASHINGTON (AP) — Without speaking a word or scratching a pen across paper, President Joe Biden drove up the pressure on Big Tech companies already smarting under federal and congressional investigations, epic antitrust lawsuits and near-constant condemnation from politicians of... Read More

2021-06-22 21:27:29
by Kate Michael
SBA Chief Says Ensuring Equity Critical to Success of COVID Relief Program

WASHINGTON — While much good came from the COVID relief funds doled out by the Small Business Administration as the... Read More

WASHINGTON — While much good came from the COVID relief funds doled out by the Small Business Administration as the pandemic ran its course time has shown that certain businesses -- particularly those owned by women and minorities -- went... Read More

2021-06-18 15:56:40
by Reece Nations
American Powered Air-Purifying Respirators Set New Standard

At the onset of the COVID-19 pandemic, it became clear that the nation’s manufacturing capabilities were ill-prepared to respond to... Read More

At the onset of the COVID-19 pandemic, it became clear that the nation’s manufacturing capabilities were ill-prepared to respond to the urgent needs of the medical community. As the pandemic’s scope progressed, so did China’s chokehold on supplying countries with... Read More

2021-06-15 14:58:38
by Dan McCue
Biden Moves to End Long-running Boeing, Airbus Dispute

President Joe Biden on Tuesday moved to end a 17-year dispute with the European Union over how big a government... Read More

President Joe Biden on Tuesday moved to end a 17-year dispute with the European Union over how big a government subsidy each can provide to its major aircraft manufacturer. That’s Boeing in the case of the U.S.; Airbus in the... Read More

2021-06-11 19:58:30
by Dan McCue
Bipartisan Antitrust Package Seeks to Rein in Tech Giants

House lawmakers on Friday introduced sweeping antitrust legislation aimed at restraining the power of large tech companies and preventing corporate... Read More

House lawmakers on Friday introduced sweeping antitrust legislation aimed at restraining the power of large tech companies and preventing corporate consolidation across the economy. Introduced by Antitrust Subcommittee Chairman David Cicilline, D-R.I., and Antitrust Subcommittee Ranking Member Ken Buck, R-Colo.,... Read More

2021-06-11 14:28:28
by Brock Blasdell
Kansas Receives Gold Shovel Award

The state of Kansas has been awarded Area Development Magazine’s prestigious Gold Shovel award in recognition of its successful year... Read More

The state of Kansas has been awarded Area Development Magazine’s prestigious Gold Shovel award in recognition of its successful year attracting high-value business investment. Over $6 billion in new business dollars and more than 26 thousand jobs have been created... Read More

2021-06-11 14:20:17
by Ansley Puckett
Retail Panelists Discuss Inclusivity Inside and Outside Their Organizations

Open to All and Yelp hosted a panel with leaders from Gap, H&M and The Body Shop to discuss ways... Read More

Open to All and Yelp hosted a panel with leaders from Gap, H&M and The Body Shop to discuss ways to promote inclusivity on Thursday.  Executives with the companies discussed rainbow-washing and inclusivity that goes beyond Pride Month. Rainbow-washing is... Read More

2021-06-10 11:24:56
by TWN Staff
Justices Reject Johnson & Johnson Bid to Overturn $2B Talc Verdict

The Supreme Court this week decided to leave in place a $2 billion verdict in favor of women who claim they developed... Read More

The Supreme Court this week decided to leave in place a $2 billion verdict in favor of women who claim they developed ovarian cancer from using Johnson & Johnson talc products. As is their custom, the justices did not comment Tuesday on... Read More

2021-06-09 17:16:55
by Victoria Turner
Ohio AG Yost Sues Google

COLUMBUS, Ohio - As Congress continues to grapple with whether high-speed internet should be considered essential infrastructure, as important as... Read More

COLUMBUS, Ohio - As Congress continues to grapple with whether high-speed internet should be considered essential infrastructure, as important as water and electricity, Ohio Attorney General Dave Yost took an unprecedented step against Alphabet's Google yesterday. In what the AG's... Read More

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

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