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Feds sue FedEx, alleging injured workers were illegally denied accommodations

Business / Business News /

An injured Minnesota FedEx driver says she was placed on unpaid medical leave and later fired without being offered accommodations to return to work, despite her requests.

Now the Equal Employment Opportunity Commission is suing the delivery giant on behalf of Wendy Gulley and other drivers around the country, alleging FedEx violated the ...Read more

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Hedge fund challenges Murdoch family's longtime control over News Corp.

Business / Business News /

Activist investor Starboard Value is challenging the ownership structure of media empire News Corp., arguing that its dual-class share arrangement gives outsize say to the Murdoch family and amplifies members' complicated interpersonal dynamics.

The hedge fund said it has submitted a proposal to eliminate the dual-class share structure of the ...Read more

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Waffle House CEO Walt Ehmer dead at 58

Business / Business News /

Walt Ehmer, the president and CEO of Waffle House has died, the company confirmed Sunday.

Ehmer, 58, died Friday following a long illness, Waffle House wrote in a statement. The company said it would share more details in the coming days and that he would be “greatly missed.”

“For now, we know all of you join us in extending our deepest ...Read more

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Value investing vs. growth investing: Which is better in today's market?

Business / Business News /

It’s the perennial question among stock investors: which is better — growth investing or value investing? Recently, there’s been little contest. Growth stocks, such as Apple and Nvidia, have handily outperformed value names. But it’s not always that way, and many investors think value will once again have its day — although they’ve ...Read more

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Google's ad empire under fire with US antitrust trial to begin

Business / Business News /

Alphabet Inc.’s Google headed back to court Monday to face U.S. Justice Department allegations that it manipulates the $677 billion display advertising market in violation of antitrust laws, just one month after losing a landmark ruling that it illegally dominates online search.

The U.S. and a coalition of eight states accused Google of ...Read more

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Norfolk Southern's board of directors investigating CEO's conduct

Business / Business News /

Atlanta-based Norfolk Southern said its board of directors is investigation allegations about the conduct of its CEO Alan Shaw.

The company said late Sunday the board’s audit committee has hired a law firm to do an independent investigation of the allegations of “potential conduct” by Shaw “that is inconsistent with the company’s ...Read more

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Big Lots files for bankruptcy protection. Will more store closures follow?

Business / Business News /

Discount retailer Big Lots announced on Monday that it has filed for Chapter 11 bankruptcy protection.

The filing will result in more store closures beyond the 315 announced in early August, the company revealed in a statement posted on its website.

The August announcement affected 26 of 106 Big Lots stores in Florida, including 10 of 17 ...Read more

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'This is not a bill': How to decipher explanations of benefits and pay for your medical care

Business / Business News /

Bobbie Putman-Bailey knows how to solve problems when it comes to medical bills and health insurance.

In one instance, upon the surprise realization her specialist doctor had gone out of network for her health plan, the 42-year-old Maple Grove, Minnesota, resident convinced the insurer to overturn coverage denials that could have cost her ...Read more

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Google's ad empire under fire with US antitrust trial to begin

Business / Business News /

Alphabet Inc.’s Google heads back to court Monday to face U.S. Justice Department allegations that it manipulates the $677 billion display advertising market in violation of antitrust laws, just one month after losing a landmark ruling that it illegally dominates online search.

The DOJ and a coalition of eight states are accusing Google of ...Read more

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Gold IRA: Should you open one to save for retirement?

Business / Business News /

Investors are often drawn to gold during times of high inflation or market turmoil. It’s viewed by many as a safe haven asset and a store of value. If you’re looking to invest in physical gold through an individual retirement account (IRA), you’ll need to open a special type of account known as a gold IRA.

But gold IRAs can come with high...Read more

Machinists union agrees on tentative contract deal with Boeing

Business / Business News /

Boeing and the Machinists union leadership reached a last-minute deal Sunday that would avert a strike and give the aircraft manufacturer space to reset as its struggles to recover from multiple setbacks.

But many workers said the deal falls short of their demands, leaving the possibility of work stoppage on the table.

The 11th-hour agreement ...Read more

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Borrowing money from your home to pay for your child's college

Business / Business News /

If you’re gearing up to send a child to college, the cost can feel overwhelming. A home equity line of credit (HELOC) or home equity loan could help pay for it — but before leveraging your home ownership stake in this way, you’ll need to balance a number of considerations. Here’s our crash course on the pros and cons of using your home ...Read more

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Newsom vetoes bill that would have offered home mortgage aid to undocumented immigrants

Business / Business News /

A controversial bill that would have helped undocumented immigrants in California buy homes was vetoed Friday morning by Gov. Gavin Newsom who cited limitations to the program’s existing budget.

Introduced by its lead author, Assemblymember Joaquin Arambula, D-Fresno, Assembly Bill 1840 would have allowed undocumented immigrants to apply ...Read more

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Red Lobster bankruptcy exit gets green light. Fate of the all-you-can-eat shrimp deal unclear

Business / Business News /

Red Lobster is turning the page on its worst days as the struggling seafood restaurant chain prepares to emerge from bankruptcy.

On Thursday, a U.S. judge approved the company’s reorganization plan, clearing the way for the casual dining chain to exit Chapter 11 bankruptcy protection.

Known for its bottomless shrimp offering and cheddar ...Read more

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Auto review: The 2024 Mercedes-Benz eSprinter electric van is a barn-dominium that hauls big loads

Business / Business News /

So, my friend asks, “Hey, Casey, what are you driving this week?”

To which I reply, “One of the new Mercedes electric vehicles.”

“Is it roomy?”

“Oh, yeah, lots of space. It’s like a bus inside!”

My daughter overhears this conversation as we’re rushing out the door to my dentist appointment. I’m sure she imagines her ...Read more

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US job growth improved late summer, but hiring trend is slowing. What will the Fed do?

Business / Business News /

WASHINGTON — Job growth picked up in August from the sluggish pace of hiring the previous month, providing a bit of relief after a sharp slowdown earlier in the summer roiled financial markets, sparked fears of a recession and threatened to disrupt the momentum Vice President Kamala Harris and her campaign had built up.

The government said ...Read more

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Biden signs pro-labor order in Michigan, dares a successor to undo it

Business / Business News /

SCIO TOWNSHIP, Michigan — Democratic President Joe Biden signed a pro-labor executive order in Michigan Friday, flexing his administrative powers in a bid to promote unions and worker benefits, while daring a successor to repeal the policy.

The White House said the so-called "Good Jobs" order directs federal agencies to prioritize new labor ...Read more

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Boeing's financial recovery at stake with strike vote days away

Business / Business News /

Boeing Co. is seeking to avert a crippling strike by its largest labor union as the clock runs out on the existing accord.

Negotiations between the IAM District 751 union and the planemaker are always tense. This time though, the stakes are particularly high for Boeing, which make these contract talks particularly consequential. Here’s why:

...Read more

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As strike looms, Boeing pushes 777 jets through chaotic production

Business / Business News /

For months, Boeing’s leadership has claimed repeatedly that slowing the pace of jet production and renewing the focus on inspections will ensure production quality. As a potential strike by 33,000 machinists looms next week, that’s not the reality mechanics see inside Boeing’s widebody jet plant in Everett, Washington.

Managers there are ...Read more

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US job growth improves in August; unemployment edges back down

Business / Business News /

Job growth picked up in August from the sluggish pace of hiring the previous month, providing a bit of relief after sharp declines earlier in the summer roiled financial markets and threatened to disrupt the momentum Vice President Kamala Harris and her campaign had built up.

The government said Friday that the American economy added 142,000 ...Read more