Business

/

ArcaMax

Amazon, Facebook, Apple, Google CEOs to testify to House July 27

Business / Business News /

WASHINGTON -- The chief executive officers of Amazon.com Inc., Facebook Inc., Alphabet Inc. and Apple Inc. will testify on July 27 before a congressional panel investigating competition in the technology industry, according to an announcement from the House Judiciary Committee.

Jeff Bezos, Mark Zuckerberg, Sundar Pichai and Tim Cook are likely ...Read more

Employers find testing employees more trouble than it's worth

Business / Business News /

From nursing homes in New York and a landfill in Utah to Disney World and the Las Vegas Strip, employers are wrestling with workplace safety in the age of Covid-19 and making fraught calculations about how to safeguard both their businesses and their employees.

Mass testing, a critical tool to stem the virus's spread, would appear an obvious ...Read more

After coronavirus shuttered presses, Seattle's street newspaper is printing again

Business / Business News /

SEATTLE -- For Darrell Wrenn, selling Real Change is more than just his only source of income. He likes the drive into downtown Seattle each day to buy a fresh batch of newspapers, and then drive out to Issaquah to sell them.

"It helps me mentally," Wrenn said. "It's kind of like my therapist; I'm thinking or talking things through. Getting ...Read more

Cruise CEOs insist ships are safe, prepare new health protocols

Business / Business News /

Two of the world's largest cruise operators insist their ships are no more vulnerable to the spread of the new coronavirus than other public places.

The cruise industry has long pushed back at the idea that the close quarters on ships may be ripe conditions for the spread of disease. And major players continue to maintain that position, even ...Read more

2021 health plans granted leeway to limit consumers' benefit from drug coupons

Business / Business News /

Without medication to manage her plaque psoriasis, Jennifer Brown's face, scalp, trunk and neck periodically become covered in painful red, flaky patches so dry they crack and bleed.

She has gotten relief from medications, but they come at a high price. For a while she was on Humira, made by AbbVie, with an average retail price of roughly $8,...Read more

Facebook, WhatsApp pausing Hong Kong government data requests

Business / Business News /

Facebook Inc. won't process user data requests from the Hong Kong government amid concerns that a new security law could criminalize government protests.

Facebook typically works with law enforcement to follow local laws where the company operates but says it has paused sharing user data with Hong Kong authorities while it conducts a "human-...Read more

PortMiami renegotiates terminal deals, local workers brace for more cruise-less months

Business / Business News /

MIAMI -- Just last November, PortMiami was bustling with construction workers bringing to life five new cruise terminals and two cruise company headquarters. Future cruise business was all but guaranteed: Fiscal year 2020 was set to break the port's 2019 record of 6.8 million passengers, up 22% from 2018.

The county agreed to pay $700 million ...Read more

Businesses associated with Trump, administration officials among recipients of coronavirus loans

Business / Business News /

Businesses associated with President Donald Trump and members of his administration were among recipients of COVID-19 small-business loans, newly released data show.

Irongate Azrep Bw LLC, Trump's business partner in a hotel and residential tower in Waikiki, Hawaii, received a loan from the Paycheck Protection Program in the range of $2 million...Read more

Trump administration discloses $521.5 billion in virus aid

Business / Business News /

The Trump administration released details of almost 4.9 million loans to businesses -- from sole proprietors to restaurant and hotel chains -- under the federal government's largest coronavirus relief program so far, the $669 billion Paycheck Protection Program.

The data, including the names of the program's biggest borrowers, were posted ...Read more

Carla Fried: The best way to make college affordable

Business / Business News /

Families committed to college, but with the good sense to also know that cost matters, have long had motivation to consider community college. The case for community college is even stronger today, with the economic impact of the coronavirus crisis upending household finances.

And this is so not about settling. There are plenty of great careers...Read more

Carla Fried: A 401(k) loan to pay off credit cards is super messy

Business / Business News /

No matter how low interest rates are in many parts of our financial lives -- a 30-year fixed rate mortgage was 3.2% in late June, federal undergraduate student loans for the upcoming academic year have a fixed rate of 2.75% -- we know the rate charged on unpaid credit card balances to be insanely expensive: The average is nearly 17% these days. ...Read more

Joseph N. DiStefano: Truckers go back to work, but virus clouds the road ahead: 'It's two steps forward, one step back'

Business / Business News /

Trucking companies, extra sensitive to shifts in the U.S. economy, have put furloughed drivers back on the road as demand for goods and services returns partway to normal from the shock of the spring coronavirus closures.

But owners aren't yet confident that the United States will boost production back to last year's levels any time soon. They ...Read more

Judge orders shutdown of Dakota Access pipeline during environmental review

Business / Business News /

The Dakota Access pipeline must shut down by Aug. 5, a district court ruled Monday in a stunning defeat for the Trump administration and the oil industry.

The decision, which shuts the pipeline during a court-ordered environmental review that's expected to extend into 2021, is a momentous win for American Indian tribes that have opposed the ...Read more

Amazon plans to open more grocery stores across US

Business / Business News /

SEATTLE -- Amazon is preparing to open its second automated-checkout grocery store in a Seattle suburb and is hiring managers for a third store in the nation's capitol.

The commerce giant's grocery strategy is also advancing on another front, with new locations of its conventional checkout grocery stores coming to Seattle, California, and the ...Read more

Susan Tompor: July 15 tax return deadline is right around the corner: What to know

Business / Business News /

If you still need to file that 2019 income tax return, it's time to get cracking.

July 15 is the new April 15 for those who still have not filed a tax return. The traditional April income tax deadline was extended this year for 2019 tax returns, due to the upheaval created by COVID-19.

The one-time extension applied for some state and ...Read more

How COVID-19 is accelerating the shift to a cashless society

Business / Business News /

PHILADELPHIA -- Tom Ivory, the founder of the Baker Street Bread Co. in Philadelphia's Chestnut Hill section, fought a valiant effort for years to rein in bank fees by imposing a minimum credit card purchase of $10. But more customers wanted to go cashless, and Ivory eventually relented and accepted plastic for any transaction, no matter how ...Read more

Uber, Postmates agree on $2.65 billion all-stock deal

Business / Business News /

Uber Technologies Inc. has agreed to acquire Postmates Inc. in a $2.65 billion all-stock takeover expected to be announced as soon as Monday morning in the U.S., according to people familiar with the matter.

Uber Eats head Pierre-Dimitri Gore-Coty is expected to continue to run Uber's combined delivery business, according to a person who asked ...Read more

Fearful and frugal: Coronavirus wreaks havoc on America's psyche

Business / Business News /

As the U.S. reopens, Americans aren't much interested in going out and spending.

A survey of 2,200 U.S. adults shows how COVID-19 has dramatically changed behavior in the world's biggest economy, potentially for the long haul. The data flashes warning signs for the recovery, showing waning interest in public events and material things, like ...Read more

Barr asked if probe into hacking of environmentalists is limited

Business / Business News /

WASHINGTON -- A Democratic senator is asking Attorney General William Barr whether "political pressure" is limiting a probe into the hacking of environmental groups in light of Barr's ouster of the chief U.S. prosecutor in Manhattan.

"The risk is obvious that the investigation will be slow-walked or curtailed" because of President Donald Trump'...Read more

Keystone XL breaks ground in Canada in bid to ward off US veto

Business / Business News /

Construction on the controversial Keystone XL oil pipeline has begun in Canada, and the premier of the nation's top oil-producing province says the project's momentum may make it difficult for a future U.S. administration to cancel it.

"We have taken a conscious risk to get construction started, to get facts on the ground," Alberta Premier ...Read more