Accident investigators are trying to figure out what caused a Jeju Air flight to belly land without its landing gear down at Muan International Airport in South Korea, killing all…
Business
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The advertising market has positive momentum going into 2025 — especially for media companies with sports rights and tentpole live programming. Sports and live events such as awards shows reigned…
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Google’s blowout earnings report in April, which sparked the biggest rally in Alphabet shares since 2015 and pushed its market cap past $2 trillion for the first time, tempered fear that the company was falling behind…
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Business
Treasury delays deadline for small businesses to file new form to avoid noncompliance fines
by adminThe U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as a Beneficial Ownership Information report. The…
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Richard Parsons, who helped Time Warner divorce from AOL after what was considered one of the worst takeovers in history, has died. He was 76. His death was confirmed by Lazard,…
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Business
Digital health companies pummeled by Wall Street in 2024 as industry adapts to post-Covid slowdown
by adminIf the Covid era marked a boom time for digital health companies, 2024 was the reckoning. In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first…
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A Starbucks barista strike is expanding to 5,000 workers at what organizers said was more than 300 stores in 45 states, just as the company’s busy holiday stretch begins. Though…
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Business
Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer
by adminNordstrom on Monday announced it will become a private company after it agreed to a buyout deal valued at roughly $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.…
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Business
Consumer protection board sues Walmart and fintech firm over gig-worker driver pay access
by adminThe Consumer Financial Protection Bureau is suing Walmart and a financial technology firm, alleging they illegally forced drivers into using costly deposit accounts to receive their pay. The agency alleges…
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The toy industry is headed for its second consecutive annual sales decline, but it’s got one thing propping it up: colorful, interlocking plastic bricks. At a time when toy companies…