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Stories tagged: national-business


UPDATED: Fri., Aug. 10, 2018, 11:59 a.m.

U.S. budget deficit totals $76.9 billion in July

The federal government recorded a $76.9 billion deficit in July, with increased government spending and tax cuts keeping the country on track to record its biggest annual deficit in six …


UPDATED: Fri., Aug. 10, 2018, 3:32 p.m.

Ex-Nike employees sue company, alleging unequal compensation

Four women who used to work for Nike have filed a federal lawsuit against the company, alleging it violated state and U.S. equal-pay laws and fostered a work environment that …


Serving on corporate board while in Congress? That could end

WASHINGTON – The indictment of Rep. Chris Collins on insider trading charges is drawing new attention to the freedom members of Congress have to serve on corporate boards or to …


UPDATED: Fri., Aug. 10, 2018, 4:41 p.m.

Consumer prices up 2.9 percent, leaving Americans worse off

Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy.


UPDATED: Fri., Aug. 10, 2018, 2:05 p.m.

Tech giants still stumbling in the social world they created

Social media bans of conspiracy theorist Alex Jones have thrust Facebook, YouTube, Twitter and others into a role they never wanted – as gatekeepers of discourse on their platforms, deciding …


Redfin: 2Q Earnings Snapshot

Redfin Corp. (RDFN) on Thursday reported second-quarter net income of $3.2 million, after reporting a loss in the same period a year earlier.


Crocs to outsource manufacturing of clogs, other footwear

Colorado-based footwear company Crocs Inc. is closing company-owned manufacturing plants in Italy and Mexico by year’s end and replacing its chief financial officer.


UPDATED: Thu., Aug. 9, 2018, 2:35 p.m.

$3.9B buyout of Tribune by Sinclair ends in acrimony

The $3.9 billion buyout of Tribune Media by Sinclair collapsed Thursday, ending a bid to create a massive media juggernaut that could have rivaled the reach of Fox News.


UPDATED: Fri., Aug. 10, 2018, 3:46 p.m.

Beasts unburden: Donkeys at mini ranch help people de-stress

In most of the world, donkeys are beasts of burden, but the only job of the long-eared denizens of Donkey Park is to nuzzle, bray and beguile the diverse group …


UPDATED: Thu., Aug. 9, 2018, 1:15 p.m.

Merger cancellation pushes Rite Aid into uncertain future

Rite Aid and the grocer Albertsons called off an agreement to become a single company with the deal facing shaky prospects in a shareholder vote.


Report: SEC examining Elon Musk tweets about taking Tesla private

Tesla CEO Elon Musk could be the subject of a new investigation by the U.S. Securities and Exchange Commission following his Tuesday tweet saying he wanted to take the electric …


Stale cockpit air may be dulling your airline pilots performance

Airliner cockpits can also have levels of carbon dioxide elevated enough that in simulations it causes pilots to fail test maneuvers at higher rates than normal, a new Harvard University …


Republican law limiting labor powers defeated in Missouri

The steady march of new “right-to-work” laws in Republican-led states hit a wall in Missouri, where voters resoundingly rejected a measure that could have weakened union finances after national and …


Snap’s revenue gains signal more stability as Alwaleed invests

Snap Inc. shares fell the most in about two months after the company reported its first-ever drop in daily active users. But revenue gains in the second quarter proved that …


Twitter CEO defends decision not to ban Alex Jones, Infowars

Twitter CEO Jack Dorsey defended his company’s decision not to ban right-wing conspiracy theorist Alex Jones and his “Infowars” show, as many other social media platforms have done, saying he …


Doubts grow over Elon Musk’s master plan to take Tesla private

As Tesla’s board of directors rallied Wednesday behind chief Elon Musk’s extraordinary push to take the all-electric automaker private, a growing contingent of investors, analysts and former regulators voiced their …


UPDATED: Wed., Aug. 8, 2018, 6:13 p.m.

Six million shoppers expected to hit up India’s first Ikea

In a milestone that’s been more than a decade in the making, India’s first Ikea store will open Thursday, bringing inexpensive Nordic-inspired furnishings and food to the world’s fastest-growing middle …


Whole Foods launches one-hour, 30-minute grocery pickup options

Whole Foods Market is launching two quick pickup options, the Amazon-owned organic grocer’s newest services for customers who want to get their hands on produce without walking store aisles.


New U.S. slap against China: Tighter curbs on tech investment

Already threatened by escalating U.S. taxes on its goods, China is about to find it much harder to invest in U.S. companies or to buy American technology in such cutting-edge …


UPDATED: Tue., Aug. 7, 2018, 6:55 p.m.

Musk says he may take Tesla private and shares roar

Tesla CEO Elon Musk is gearing up to lead a buyout of the electric car maker in a stunning move that would end the maverick company’s eight-year history trading on …


Icahn warns Cigna investors on Express Scripts deal

Carl Icahn is urging Cigna shareholders to reject the health insurer’s attempted multi-billion dollar takeover of Express Scripts, saying it’s paying too much for a company with a shaky future.


UPDATED: Tue., Aug. 7, 2018, 6:59 p.m.

Experts question benefits of fluoride-free toothpaste

Dental health experts worry that more people are using toothpaste that skips the most important ingredient – fluoride – and leaves them at a greater risk of cavities.


Musk tweets video parody of Hitler ‘shorting Tesla stock’

Elon Musk is struggling with his own pledge to get a better handle on his use of Twitter, posting a version of an Adolf Hitler clip that lampoons fund managers …


MoviePass will limit customers to 3 movies a month, but backpedals on raising prices

Movie ticket discount service MoviePass Inc. will now limit subscribers to three movies a month, rather than one movie a day. The service also said Monday that it will keep …


Is SeaWorld making a comeback? Attendance jumps

For the second quarter in a row, SeaWorld Entertainment reported notable gains in attendance and revenues, signaling a possible rebound from years of steep losses in visitation.


Buffett’s Berkshire Hathaway reports a $12B 2Q profit

Berkshire Hathaway Inc. on Saturday reported a $12 billion second-quarter profit.


U.S. stocks get a lift from earnings; Berkshire and Tyson rise

U.S. stocks are slightly higher Monday as companies including Tyson Foods and Berkshire Hathaway are rising after their second-quarter reports. Energy companies are moving up with the price of oil. …


PepsiCo’s Indra Nooyi latest high-profile female CEO to exit

With Indra Nooyi exiting PepsiCo as its longtime chief executive, the circle of CEOs in the Fortune 500 is losing one of its highest profile women.


Facebook removes Alex Jones pages for hate, bullying

Facebook says it has taken down four pages belonging to rightwing conspiracy theorist Alex Jones, including two featuring his “Infowars” show, for violating its hate speech and bullying policies.


UPDATED: Sun., Aug. 5, 2018, 8:59 p.m.

Jobs boom favors Democratic counties, not Trump strongholds

The United States is on pace to add about 2.6 million jobs this year under President Donald Trump’s watch. Yet the bulk of the hiring has occurred in bastions of …