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Business News

Wednesday, Apr 24, 2019 at 06:27 PM EDT

NRA Beset by Infighting Over Whether it Has Strayed Too Far

NRA Beset by Infighting Over Whether it Has Strayed Too Far

The National Rifle Association is used to battling forces that criticize its fiery and unbending efforts to protect gun rights. But as the group gathers for its annual convention this week, the NRA may be facing...

Wednesday, Apr 24, 2019 at 10:17 PM EDT

Facebook Anticipates an FTC Privacy Fine of up to $5 Billion

Facebook Anticipates an FTC Privacy Fine of up to $5 Billion

Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users' privacy. The company set aside $3 billion in its...

Wednesday, Apr 24, 2019 at 04:16 PM EDT

Boeing's Troubled Jet is Costing $1 Billion to Fix So Far

Boeing's Troubled Jet is Costing $1 Billion to Fix So Far

Boeing is already estimating a $1 billion increase in costs related to its troubled 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded...

Wednesday, Apr 24, 2019 at 05:50 PM EDT

Stop & Shop Strike Cost Company About $100 Million

Stop & Shop Strike Cost Company About $100 Million

The owners of New England's largest supermarket chain are projecting around $100 million in losses from the labor strike that ended Easter Sunday. Ahold Delhaize, the Dutch company that owns Stop & Shop,...

Tuesday, Apr 23, 2019 at 05:51 PM EDT

BBJ: More Layoffs at Athenahealth

BBJ: More Layoffs at Athenahealth

Reporter Jessica Bartlett joins necn to discuss her story, "<a target="_blank" href="https://www.bizjournals.com/boston/news/2019/04/23/more-layoffs-at-athenahealth.html?iana=hpmvp_bost_n...

Tuesday, Apr 23, 2019 at 05:34 PM EDT

Trump, Twitter CEO Discuss 'Health of Public Conversation'

Trump, Twitter CEO Discuss 'Health of Public Conversation'

Twitter CEO Jack Dorsey on Tuesday met with President Donald Trump at the White House where they discussed “the health of the public conversation” on the social media platform and ways to respond to the...

Tuesday, Apr 23, 2019 at 05:09 PM EDT

Kohl’s to Accept Amazon Returns in All U.S. Stores

Kohl’s to Accept Amazon Returns in All U.S. Stores

Kohl’s on Tuesday announced it will start accepting returns for items purchased on Amazon at all of its stores across the country, starting in July. Its shares surged nearly 10% by afternoon trading on the...

Tuesday, Apr 23, 2019 at 05:09 PM EDT

Ex-GE Engineer Charged With Stealing Trade Secrets for China

Ex-GE Engineer Charged With Stealing Trade Secrets for China

A former General Electric engineer and his business partner in China were indicted Tuesday on charges they stole the company's trade secrets from a New York plant for the Chinese government in what federal...

Tuesday, Apr 23, 2019 at 07:58 PM EDT

S&P 500, Nasdaq Close at Record Highs as Earnings Roll in

S&P 500, Nasdaq Close at Record Highs as Earnings Roll in

The S&P 500 hit an all-time high Tuesday, marking the stock market's complete recovery from a nosedive at the end of last year. The benchmark index's previous record was set last September, shortly before...

Tuesday, Apr 23, 2019 at 11:15 AM EDT

Walgreens to Raise Tobacco Buying Age to 21 in September Amid FDA Pressure

Walgreens to Raise Tobacco Buying Age to 21 in September Amid FDA Pressure

Walgreens is increasing the age to buy tobacco at its drugstores to 21 later this year as the retailer faces possible sanctions from the Food and Drug Administration for allegedly selling to minors. The FDA...

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