The inspector general's office for the U.S. Department of Housing and Urban Affairs released an investigative report Tuesday that found no evidence that HUD Secretary Ben Carson used his position to benefit his son's business interests in Baltimore, but he "could have done more to avoid the appearance that he was not complying with federal ...Read more
NEW YORK - JPMorgan Chase, accused of presiding over thousands of episodes of illegal trading in precious metals and Treasury markets, said Tuesday that it will pay about $920 million as part of an agreement with the Justice Department.
The Justice Department said JPMorgan employees stationed on desks in New York, London and Singapore engaged ...Read more
Medtronic has pulled one of its most controversial products, Infuse Bone Graft, off the market in Australia as regulators there investigate why the company was widely selling it without a required safety component.
The market withdrawal happened after a former Medtronic employee told regulators that the Minnesota-run medical device company sold...Read more
LOS ANGELES - The COVID-19 pandemic has brought substantial layoffs to Walt Disney Co.'s massive theme park operations.
The Burbank, Calif.-based company said Tuesday that it would lay off 28,000 employees at its domestic parks division, which includes Disneyland Resort in Anaheim and Walt Disney World in Orlando, Fla.
The company's once-...Read more
ST. LOUIS - A federal judge on Tuesday blocked a proposed joint venture between two of the world's largest private coal companies, Peabody Energy and Arch Resources, that federal regulators argued would allow the companies to dominate the Powder River Basin coal market.
The Federal Trade Commission "has shown that there is a reasonable ...Read more
SpaceX has made some changes to its signature crew spacecraft, the Crew Dragon capsule, as it looks forward to its astronaut launch at the end of October.
The upgrades come after the Elon Musk-led company launched two NASA astronauts in May in its first-ever crewed mission. After a more than two-month stay at the International Space Station, ...Read more
KANSAS CITY - Blue Cross and Blue Shield of Kansas City, the area's largest healthcare insurance provider, will return to the Affordable Care Act marketplace next year after leaving it in 2018.
The insurer lost more than $100 million on its exchange plans from 2014 to 2017, calling the losses "unsustainable" when it announced in May 2017 that ...Read more
NASA and SpaceX are planning to launch another crew of astronauts to the International Space Station from Florida on Halloween morning, following a successful round-trip test mission to the ISS with Bob Behnken and Doug Hurley earlier this year.
Currently scheduled for 2:40 a.m., the historic launch known as Crew-1 will include four passengers,...Read more
ORLANDO, Fla. - Walt Disney Co. revealed Tuesday it is laying off 28,000 U.S. employees, including some at Walt Disney World.
Josh D'Amaro, the chairman of Disney Parks, Experiences and Products, said the layoffs are happening as the coronavirus has hurt business, and because California has not lifted restrictions for Disneyland to reopen.
WASHINGTON - U.S. employers, battered by rising hospital and pharmaceutical prices, are increasingly open to a bigger government role in healthcare, including regulating prices and expanding Medicare to more working Americans.
In one recent survey, more than three-quarters of responding employers said government regulation of drug prices and ...Read more
Diversity and inclusion training providers are concerned recent strides in corporate America to address racial and gender disparities will take a back seat after President Donald Trump ordered restrictions on racial sensitivity training for federal contractors.
Many companies expanded their workplace diversity training programs earlier this ...Read more
DETROIT - General Motors has pushed back the closing date on its pending partnership with Nikola Corp., most likely to renegotiate the terms after Nikola's stock price has plummeted.
The Phoenix-based electric-truck company faces allegations of fraud, but GM has said it intends to complete the deal with the company.
On Tuesday GM issued a ...Read more
Until very recently, Donald Trump was fond of proclaiming that his reelection would be a boon to the U.S. economy and the stock market.
If Democrat Joe Biden were to be elected president, he told Maria Bartiromo of Fox Business Network, "this market's going to crash" and Biden would "tax this country into a depression like in 1929."
If this ...Read more
A couple weeks from becoming Ford Motor Co.'s next chief executive officer, Jim Farley stopped to huddle with two young field sales representatives during an event to honor employees at a Dearborn, Michigan, dealership.
"What's the one thing at Ford Motor Co. you'd like to change?" he asked them, eliciting responses about the need for more ...Read more
LOS ANGELES - A commission led by law professor Anita Hill surveying nearly 10,000 entertainment industry workers found few believe perpetrators of sexual misconduct will be held accountable.
The study, based on a 110-question survey, depicts a dim view of accountability in Hollywood, with 65% believing that a powerful individual, such as a ...Read more
It was the sort of robocall racket that makes life miserable for consumers.
On the one hand there was Globex Telecom, a Canadian provider of internet-based phone service.
On the other was an outfit called Educare Centre Services, which the Federal Trade Commission says peddled "bogus credit card interest rate relief, illegally charging ...Read more
LOS ANGELES - When the eagerly awaited "Coming to America" and "Mission: Impossible" sequels hit theaters this year and next, Brian Oliver will see his company's credits onscreen in a way he says wasn't likely before the pandemic.
Last month, the 49-year-old Oscar-nominated producer and financier signed a more than $200-million deal with ...Read more
SEATTLE - The federal Securities and Exchange Commission filed suit Monday against an Amazon finance manager who allegedly leaked confidential company information to family members, allowing them to earn nearly $1.4 million by trading based on insider tips.
Bothell resident Laksha Bohra, a former manager in Amazon's Tax Division; her husband, ...Read more
For Seattle, the 2010s were marked by the explosive growth of two things: Population and income.
Regarding population, the city ended the decade with the distinction as the fastest-growing big city in the U.S. So it seems only fitting that when it comes to income, Seattle should also close out the previous 10-year stretch with a milestone.
Mothers of small children have lost work at three times the rate of fathers in the pandemic, a situation that threatens not only progress toward gender equity but middle-class income gains that have become increasingly dependent on working women.
Mothers of children 12 years old and younger lost nearly 2.2 million jobs between February and ...Read more