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Florida company hit with injunction in counterfeit 3M mask case

Business / Business News /

A Florida company that allegedly sold more than 10,000 counterfeit 3M respirators to Hennepin County (Minnesota) Medical Center has been slapped with an injunction from a federal court in Minnesota.

3M sued Nationwide Source Inc. in late December, claiming it was advertising and selling counterfeit N95 face masks — notably to HCMC, which paid...Read more

Joshua Roberts/Dreamstime/TNS

Great year in the markets? Watch out for that tax bite that might be coming

Business / Business News /

The stock market had yet another record-breaking year in 2020. While that means many portfolios likely ended up in the black, it could also mean substantial tax bills for investors who sold stocks last year — especially those that weren't tucked inside an individual retirement account, a 401(k) or some other tax-advantaged retirement account. ...Read more

Joshua Roberts/Getty Images North America/TNS

Keystone XL may be sold for scrap if Biden moves to kill project

Business / Business News /

The Canadian province that invested $1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds.

“If the project ends, there would be assets that could be sold, such as enormous quantities of pipe,” Alberta Premier Jason Kenney said in a press ...Read more

Antonio Perez / Chicago Tribune/Chicago Tribune/TNS

As online grocery shopping soars, Albertsons experiments with automated pickup kiosks

Business / Business News /

A Jewel-Osco store in Chicago is the first grocery in the nation to pilot an automated pickup kiosk, one of numerous investments grocers are making to prepare for a future of more online shopping.

The kiosk, located in the store parking lot, is meant to offer a convenient and contact-free option for online shoppers to collect their groceries. ...Read more

Millions eligible for big Obamacare subsidies don't claim them

Business / Business News /

If you’re unfortunate enough to have lost company-sponsored health insurance as well as your job amid the economic havoc caused by COVID, you’ve probably been shocked by the cost of private coverage. Monthly premiums for high-deductible plans can run $1,500 to $3,000 — bad enough in good times but devastating when you’re unemployed.

...Read more

Dreamstime/Zuma Press/TNS

Yellen to enter firing line on Biden aid plan as recovery fades

Business / Business News /

WASHINGTON — Treasury Secretary nominee Janet Yellen on Tuesday steps into a new role following more than a quarter-century in government: salesperson for economic policy after years of defending Federal Reserve thinking and actions.

The Senate Finance Committee’s hearing Tuesday is likely to feature topics from foreign-exchange policy to ...Read more

Judi Light Hopson/Dreamstime/TNS

Insurers using RICO Act to strike back against alleged fraud

Business / Business News /

Fed up with what they claim is deliberate claims fraud that is triggering skyrocketing costs — and ever-higher premiums for consumers — two Florida insurance companies have gone on the offensive against alleged fraudsters using a legal tool developed to help federal prosecutors fight organized crime.

Lawsuits by Citizens Property Insurance ...Read more

JESSICA GRIFFIN/The Philadelphia Inquirer/TNS

Vanguard, BlackRock lag State Street on some proxy votes seeking political donation disclosures: new study

Business / Business News /

Wall Street has slowly begun asking for more disclosure of political donations — although not every big institutional investor votes consistently for more transparency.

That's the conclusion of a new study by the Washington, D.C.-based Center for Political Accountability, which found that many Wall Street investment firms voted for ...Read more

Intuit's Greg Johnson crafts strategy beyond TurboTax, aims to helps consumers gain financial freedom

Business / Business News /

For Greg Johnson, 2020 was a momentous year on his professional journey.

Executive Vice President and General Manager of Intuit's Consumer Group, Johnson was part of the largest financial technology acquisition to date when Intuit bought Credit Karma last month for $8.1 billion in cash and stock — paving the way for new consumer services.

...Read more

Youngrae Kim / Chicago Tribune/Chicago Tribune/TNS

In 2020 companies took up the cause of racial equity. Now the challenge is accountability. ‘It really starts from the top.'

Business / Business News /

Before several Chicago-area companies pledged in 2020 to diversify their ranks in response to calls for racial equity, Beam Suntory was on its way to hiring its first chief diversity and inclusion officer.

The Chicago-based maker of Jim Beam bourbon and other spirits spent two years developing goals to recruit, retain and advance people of ...Read more

JESSICA J. TREVINO/Detroit Free Press/TNS

Susan Tompor: Tax returns won't come as quickly this year. Here's why

Business / Business News /

Anyone who is looking to pay bills and get a tax refund in early February is out of luck. Expect some significant delays.

The Internal Revenue Service announced Friday that it is going to only begin processing 2020 income tax returns as of Feb. 12. The official kickoff for tax season will be about twor or three weeks later than the usual ...Read more

762,000 pounds of Hot Pockets recalled, might have glass in them

Business / Business News /

Some 762,615 pounds of pepperoni pizza Hot Pockets are being recalled, according to the U.S. Department of Agriculture’s Food Safety and Inspection Service.

The not-ready-to-eat (NRTE) product being recalled by Nestlé Prepared Foods “may be contaminated with extraneous materials, specifically pieces of glass and hard plastic,” the FSIS ...Read more

Los Angeles Times/Los Angeles Times/TNS

What will become of the Trump brand after he leaves office?

Business / Business News /

For Donald Trump, the cost of an incendiary presidential career started adding up on Day One: Macy's department stores stopped selling his menswear collection after he called Mexican immigrants "rapists" during his first campaign event.

A few months later, after Trump called for a "total and complete shutdown" of Muslims entering the United ...Read more

Steve Hane / W. R. Grace & Co./The Baltimore Sun/TNS

WR Grace agrees to talks with unsolicited $4.3 billion bidder

Business / Business News /

W.R. Grace & Co. said Friday it was willing to discuss a possible sale to 40 North Management after the New York company boosted its unsolicited offer for the Columbia specialty chemical giant to $4.3 billion.

In a letter to 40 North executives and shared publicly, Grace President and CEO Hudson LaForce said the company’s board discussed the ...Read more

J. Scott Applewhite/Pool/TNS

Michael Hiltzik: Scores of billionaires supported Trump, showing the necessity of a wealth tax

Business / Business News /

If there's a single all-encompassing truism about American politics, it's that investing in the right candidate can pay a handsome dividend.

That's certainly validated by the experience of the scores of American billionaires who helped bankroll Donald Trump's last presidential campaign.

Many own fortunes based on the real estate, private ...Read more

VICTORIA JONES/AFP/TNS

Nearly 1.6 million Illinois Facebook users to get about $350 each in privacy settlement

Business / Business News /

The check is not yet in the mail, but nearly 1.6 million Illinois Facebook users can expect to get about $350 each in a landmark privacy lawsuit.

The totals were disclosed in a California federal court Thursday during the final approval hearing for a $650 million class-action settlement over alleged violations of Illinois’ biometric privacy ...Read more

Smiley N. Pool/The Dallas Morning News/Orlando Sentinel/TNS

Disney, Universal and SeaWorld report falls, seizures and other injuries of guests

Business / Business News /

A 25-year-old woman had a seizure on Universal’s Hagrid’s Magical Creature Motorbike Adventure last month while at Disney, an 86-year-old woman fell as she left Mickey & Minnie’s Runaway Railway, “injuring her head, arm and leg” in late October, according to a state report released Friday.

Every three months, the Florida Department of...Read more

Nathan Lindstrom/TNS/TNS

GM working on expanding Corvette line with crossover SUV

Business / Business News /

Corvette may be going plural.

General Motors Co. is working on a strategy to build at least one new electric vehicle inspired by its Corvette sports car, potentially expanding the brand from a single performance model into a family of vehicles, people familiar with the matter said. If the plan is approved, the most likely model to emerge later ...Read more

Self-driving vehicles allowed to skip some crash safety standards under new rule

Business / Business News /

WASHINGTON — The Trump Administration issued final rules Thursday that will allow self-driving vehicle manufacturers to skip certain federal crash safety requirements in vehicles that aren't designed to carry people.

It marks the first major update to existing federal safety standards to accommodate innovations in driverless technology. While...Read more

Dreamstime/TSA/TNS

Three big airlines ban firearms on flights to Washington, DC

Business / Business News /

Delta Air Lines, United Airlines and American Airlines are banning firearms on flights to Washington, D.C. in the wake of last week's rioting at the U.S. Capitol and in preparation for the presidential inauguration next week.

The move by the three large U.S. airlines came as the Federal Aviation Administration said this week it will crack down ...Read more