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Business News

Sunday, Oct 13, 2019 at 07:43 PM EDT

Costs Pile Up for Airlines as Boeing 737 Max Grounding Enters Eighth Month

Costs Pile Up for Airlines as Boeing 737 Max Grounding Enters Eighth Month

The worldwide grounding of the Boeing 737 Max, now in its eighth month, is driving up costs for airlines as they cancel thousands more flights into 2020. American and United this week joined Southwest in...

Monday, Oct 14, 2019 at 09:26 AM EDT

Elizabeth Warren Ramps Up Battle With Facebook

Elizabeth Warren Ramps Up Battle With Facebook

Sen. Elizabeth Warren, D-Mass., ramped up her criticism of Facebook this weekend, taking aim at the company's policy on political advertising and for having "contributed" to media job losses, NBC News reports....

Saturday, Oct 12, 2019 at 06:01 PM EDT

Alaska Airlines to Pay $25 Million for Non-Compliant Wage Statements

Alaska Airlines to Pay $25 Million for Non-Compliant Wage Statements

Alaska Airlines was ordered to pay $25 million to about a thousand of its employees for withholding information on wage statements. Julie Gunther, a San Diego resident, filed the lawsuit against Alaska Airlines...

Saturday, Oct 12, 2019 at 03:35 AM EDT

Companies Welcome US-China Trade Truce, Warn Disputes Remain

Companies Welcome US-China Trade Truce, Warn Disputes Remain

Companies have welcomed a U.S.-Chinese trade truce as a possible step toward breaking a deadlock in a 15-month-old tariff war, while economists caution there was little progress toward settling core disputes...

Friday, Oct 11, 2019 at 08:24 PM EDT

Olympia Sports Will Shutter Dozens of Stores After Acquisition

Olympia Sports Will Shutter Dozens of Stores After Acquisition

A Maine company has been bought out and layoffs are on the not-so-distant horizon. Olympia Sports, an athletic supply retailer in Westbrook, Maine, announced this week it will shutter dozes of stores across New...

Friday, Oct 11, 2019 at 02:14 PM EDT

Big Tech Is Now a Big Punching Bag for Politicians

Big Tech Is Now a Big Punching Bag for Politicians

Republicans and Democrats don't agree on health care, immigration or taxing the rich. But one subject draws critics from both parties: Big Tech. The list of grievances is long and growing by the week. Companies...

Friday, Oct 11, 2019 at 01:43 PM EDT

US Consumers Snap Up Italian Parmesan Before Tariffs Hit

US Consumers Snap Up Italian Parmesan Before Tariffs Hit

U.S. consumers who appreciate the tang of aged Italian Parmesan cheese as an aperitif or atop their favorite pasta dish are stocking up ahead of next week's tariff hike and as dairy producers in the two...

Friday, Oct 11, 2019 at 11:45 AM EDT

These Companies Laid Off Massachusetts Workers in 2019

These Companies Laid Off Massachusetts Workers in 2019

Massachusetts may be experiencing a low unemployment rate and a tight job market, but there are exceptions across the Bay State. At 2.9 percent unemployment, a rate based on a monthly sample of households, the...

Friday, Oct 11, 2019 at 08:13 PM EDT

Judge Will Halt Lawsuits Against Purdue Pharma, Its Owners

Judge Will Halt Lawsuits Against Purdue Pharma, Its Owners

A judge is pushing for a settlement of more than 2,600 lawsuits facing OxyContin maker Purdue Pharma with a decision Friday to pause litigation against the company and members of the wealthy Sackler family that...

Friday, Oct 11, 2019 at 03:59 PM EDT

Subaru Recalls Some Forester Vehicles Due to Airbag Issue

Subaru Recalls Some Forester Vehicles Due to Airbag Issue

Subaru is recalling more than 350,000 Forester vehicles with heated seats because an electrical connection in the front passenger seat may loosen and deactivate the airbag even though the seat is occupied. Sub...

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