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News Articles: Business

A person carries shopping bags at a shopping center on the day after Christmas on Dec. 26, 2023 in Glendale, Calif. Strong consumer spending helped drive better-than-expected economic growth in the final months of 2023.

Tagged as: 

  • Economy

Many experts feared a recession. Instead, the economy has continued to soar

The U.S. economy grew substantially faster in the final months of 2023 than forecasters had expected. For all of last year, the economy grew 3.1% — defying forecasts of a likely recession.

January 25, 2024
|
By:
  • Scott Horsley
This photo provided by U.S. Food & Drug Administration shows the location of a lot number of recalled Robitussin cough syrup. The maker is recalling several lots of its medicine Thursday, due to contamination that could pose a serious risk to people with weakened immune systems.

Tagged as: 

  • Business

Robitussin's maker recalls cough syrup for possible high levels of yeast

The contamination, found in some eight lots of syrup that contain honey, could pose a serious risk to people with weakened immune systems.

January 25, 2024
|
By:
  • The Associated Press
LanzaJet's Freedom Pines facility is located in Soperton, Georgia, about halfway between Savannah and Macon.

Tagged as: 

  • Environment

Rural Georgia gets world's first sustainable jet fuel factory of its kind

Suburban Chicago-based LanzaJet unveiled on Wednesday its Freedom Pines facility in rural Soperton, about halfway between Savannah and Macon, before an audience of more than 200 people including state and federal government leaders.

January 25, 2024
|
By:
  • Benjamin Payne
A new Harvard University report finds that housing was unaffordable for a record half of renters in 2022. And a softening rental market might not help those who struggle most.

Tagged as: 

  • National

Housing is now unaffordable for a record half of all U.S. renters, study finds

A new Harvard analysis finds people across income levels got squeezed by rent hikes during the pandemic. The market has lost millions of low-rent places, and new construction is mostly high-end.

January 25, 2024
|
By:
  • Jennifer Ludden
The Alaska Airlines Boeing 737 MAX 9 aircraft is seen at Portland International Airport on January 9, 2024 in Oregon. The plane made an emergency landing following a midair fuselage blowout on Jan. 5. None of the 171 passengers and six crew members was seriously injured.

Tagged as: 

  • National

The FAA lays out a path for Boeing 737 Max 9 to fly again, but new concerns surface

While the Federal Aviation Administration says the grounded 737 Max 9 aircraft can resume flying after inspections, the agency imposed sweeping jet production restrictions at Boeing factories.

January 24, 2024
|
By:
  • Joel Rose
Alaska Airlines N704AL, a Boeing 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Ore. on January 23, 2024. One of two door plugs on the emergency exit door blew out shortly after the plane took off from Portland.

Tagged as: 

  • National

Boeing's quality control draws criticism as a whistleblower alleges lapses at factory

Concerns over quality control at Boeing's factory are mounting after this month's door plug blowout on a 737 Max 9. New revelations from an alleged whistleblower suggest Boeing could be at fault.

January 24, 2024
|
By:
  • Joel Rose
NPR's incoming CEO, Katherine Maher, speaking at Web Summit last fall. She briefly led that organization after its founder resigned following comments he made about Israel and Gaza.

Tagged as: 

  • Media

NPR names tech executive Katherine Maher to lead in turbulent era

Incoming NPR CEO Katherine Maher has a background in tech and world affairs. She says the network's mission fits neatly with her advocacy of the free flow of information in expanding democracy.

January 24, 2024
|
By:
  • David Folkenflik
A worker assembles a 2011 Ford Explorer at the Chicago Assembly Plant in 2010 in Chicago. Ford is recalling nearly 1.9 million Explorers in the 2011-2019 model years over a piece of trim that can detach from the vehicles.

Tagged as: 

  • Business

Nearly 1.9 million Ford Explorers are being recalled over an unsecured piece of trim

The National Highway Traffic Safety Administration said a detached piece of trim on the SUVs could become a "road hazard" and increase the risk of a crash.

January 24, 2024
|
By:
  • Joe Hernandez
Cook County board president Toni Preckwinkle (center) announces the county's debt relief program, along with executives from several local hospitals and Allison Sesso, President & CEO of RIP Medical Debt (far left).

Tagged as: 

  • Health

A growing wave of local governments are erasing billions in medical debts

New York City joined other localities this week in pledging to buy up and forgive residents' unpaid medical bills. The trend started in Cook County, Ill., and is spreading around the country.

January 24, 2024
|
By:
  • Yuki Noguchi
Chairs stand at the local post office in the aftermath of a fire in Gates, Ore., on Sept 9, 2020. An Oregon jury on Tuesday awarded $85 million to nine victims of wildfires that ravaged the state in 2020, in the latest trial faced by utility PacifiCorp over its liability in the deadly blazes.

Tagged as: 

  • National

Oregon jury awards $85 million to 9 victims of deadly 2020 wildfires

The verdict comes in a series of legal proceedings that are expected to put the utility PacifiCorp on the hook for billions of dollars over its liability for the blazes.

January 24, 2024
|
By:
  • The Associated Press
As Bill Ackman goes after journalism organizations, higher education, and D.E.I., he is using many of the tactics he developed and relied on as an activist investor.

Tagged as: 

  • Business

Combative billionaire Bill Ackman uses bare-knuckle boardroom tactics in a wider war

Hedge fund boss Bill Ackman has fought bitter battles in corporate boardrooms. He fights with lengthy public letters and for years. He's taking those tactics to Ivy League universities and the media.

January 24, 2024
|
By:
  • David Gura
On Tuesday, eBay announced it is laying off 1,000 employees, citing a slowdown in growth.

Tagged as: 

  • Technology

EBay to lay off 1,000 workers as tech job losses continue in the new year

The e-commerce company is the latest in a wave of tech firms that have slashed thousands of jobs in just the first four weeks of the year.

January 24, 2024
|
By:
  • Bobby Allyn
People in Ramallah look into the window of a gold store, one of the West Bank businesses affected by the economic decline resulting from Israel's war in Gaza.

Tagged as: 

  • World

The West Bank economy has been hammered by war

More than three months into Israel's war in Gaza, the economy of the West Bank is reeling. Many fear the economic pain may lead to even more violence in the territory.

January 24, 2024
|
By:
  • Frank Langfitt
A Nissan Rogue exits the bay of the vehicle carrier Neptune Ace at the Port of Brunswick in Georgia.

Tagged as: 

  • Business

‘Ro-ro’ your boat to Georgia: Why the state sees a lucrative future in automotive shipping

The rural Port of Brunswick is trying to overtake the Port of Baltimore as the top “roll-on/roll-off” port in the U.S.

January 24, 2024
|
By:
  • Benjamin Payne
Members of the Writers Guild of America East picket at the Warner Bros. Discovery NYC office on July 13, 2023 in New York City.

Tagged as: 

  • Business

Union membership grew last year, but only 10% of U.S. workers belong to a union

In 2023, unions added 139,000 members, but the share of the U.S. workforce that's unionized declined from the year before due to even faster growth in nonunion jobs.

January 23, 2024
|
By:
  • Andrea Hsu
  • Load More

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