Business

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

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

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

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

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

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

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

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

SAN FRANCISCO — Jack Dorsey is stepping aside as the head and CEO of Twitter, believing the social media giant “Is ready to move on from its founders.” Dorsey has faced pressure for months over his decision to serve as... Read More

NEW YORK (AP) — Retailers are expected to usher in the unofficial start to the holiday shopping season Friday with bigger crowds than last year in a closer step toward normalcy. But the fallout from the pandemic continues to weigh... Read More

CLEVELAND, Ohio — A landmark jury verdict Tuesday could make major pharmacy chains like CVS, Walgreens and Walmart liable for encouraging the opioid epidemic that kills thousands of Americans each year.  The verdict in federal court in Ohio is the... Read More

WASHINGTON — Before leaving town for Thanksgiving, Sens. Mark Warner, D-Va., and John Cornyn, R-Texas, joined members of the Problem Solvers Caucus to call for fully funding the CHIPS for America Act, an initiative intended to increase semiconductor production in... Read More

WASHINGTON — A new, groundbreaking study suggests not only is there strong bipartisan support for corporate efforts to address environmental, social and governance challenges, but that the bipartisan appeal of these initiatives dramatically increases among Americans under the age of... Read More

WASHINGTON — Foreign policy experts described an enormous challenge Monday for U.S. corporations wanting to improve their international business while facing political pressure from authoritarian governments. Some cave to the pressure to increase their revenue while others resist, putting them... Read More

WASHINGTON (AP) — President Joe Biden announced Monday that he's nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies... Read More

WASHINGTON — Sunshine Beverages was a good idea looking to get its grow on. Founded by artisanal entrepreneurs Keith Vest and Joe Parrish in 2013, the energy drink company was the offshoot of Vest’s forward-thinking ad agency, The Variable. Coming... Read More

WASHINGTON — The Biden administration on Wednesday suspended enforcement of a vaccine mandate on private companies with 100 or more employees. The decision, which was carried out through the Occupational Safety and Health Administration, comes less than a week after... Read More

WASHINGTON — The U.S. Food and Drug Administration recently partnered with Health Canada and the UK’s Medicines and Healthcare products Regulatory Agency to issue guiding principles to align efforts and standards for artificial intelligence and machine learning medical device development... Read More

WASHINGTON — The 6th U.S. Circuit Court of Appeals will preside over all litigation stemming from the Biden administration’s decision to require companies with at least 100 employees to mandate COVID-19 vaccinations or weekly testing, the U.S. Judicial Panel on... Read More

WASHINGTON — The Supreme Court agreed Monday to hear a case by a fast-food worker who claims employers have no right to force arbitration on employees after first contesting the workers' lawsuits in pre-trial proceedings. The Taco Bell worker who... Read More

WASHINGTON — Transparency is imperative as the world navigates a pandemic-induced supply chain disruption and works to improve its resiliency, according to a panel of experts at Monday’s Hudson Institute event.  In the U.S. military’s “biggest modernization effort since World... Read More

WASHINGTON — Donald Trump’s business empire reportedly plans to sell the lease to its Washington, D.C. hotel for $375 million to a Miami-based investment firm. In addition to ending financial problems for the hotel, the deal also is likely to... Read More

WASHINGTON — The U.S. Department of Labor will launch an inter-agency initiative on Nov. 17 to end rising workplace retaliation, according to a press release on Wednesday. Advancing the Memorandums of Understanding between the department and the National Labor Relations... Read More

WASHINGTON — Days before President Joe Biden is set to sign the bipartisan infrastructure bill into law, a coalition of aviation entities is seeking to put the brakes on a key element of the package —  the expansion of 5G... Read More

General Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public companies focused on aviation, healthcare and energy. It is the culmination of an arduous, years-long... Read More

WILMINGTON, Del. — Boeing is proposing a $237.5 million lawsuit settlement to end complaints about its troubled 737 MAX airliners but the bigger question is whether the payment will allow the company to fully recover from the crashes that killed... Read More

NEW YORK — Facebook used illegal trade practices to run former competitor and photo app Phhhoto Inc. out of business, officials from the now-defunct company said in a lawsuit filed Thursday. It represents the latest antitrust challenge to the social... Read More

SILVER SPRING, Md. (AP) — Tesla shares slumped in premarket trading on Monday after its CEO Elon Musk said he would sell 10% of his holdings in the electric car maker — more than $20 billion worth by most calculations... Read More

NEW ORLEANS — The 5th U.S. Circuit Court of Appeals on Saturday temporarily blocked a mandate from the Biden administration that businesses with more than 100 employees require them to be vaccinated against the coronavirus by early January. The White... Read More

WASHINGTON – The number of airline flights in the U.S were up 50.4% in August compared to a year earlier, but the pace of recovery of the industry continued to be impacted by the drag on travel caused by the... Read More