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Governance dominates corporate shareholder votes, ahead of environmental, social issues

Business / Business News /

Governance proposals heavily dominate annual shareholder meetings despite activist investors’ concerns about material risks from environmental and social issues, according to an analysis from a financial think tank.

The number of proposals submitted globally at annual shareholder meetings increased by over 80 percent since 2012, to nearly 12,...Read more

Dreamstime/Sun Sentinel/TNS

Real estate Q&A: Are homeowners who want to paint bound by obsolete rules?

Business / Business News /

Q: The guidelines in our homeowners association have not been revised for decades. A question came up about exterior paint colors. Are the homeowners still bound by the most recent, although antiquated, guidelines? — Ken

A: If the rules and guidelines were valid back then and nothing invalidated them, they are still enforceable.

Community ...Read more

Joe Cavaretta/South Florida Sun Sentinel/TNS

Spirit urges shareholders to reject JetBlue's hostile bid

Business / Business News /

JetBlue Airways’ hostile takeover bid for Spirit Airlines took a bitter turn on Thursday as the board of directors of the South Florida-based discount carrier urged its shareholders to spurn the offer.

In a statement, the board accused Spirit’s New York-based rival of making “inaccurate statements and mischaracterizations” about Spirit�...Read more

Dreamstime/Dreamstime/TNS

Diesel's 100% surge and scarcity deny farmers their 'lifeblood'

Business / Business News /

Farmers from Iowa to Ukraine are grappling with surging diesel prices and an unsteady supply, forcing them to spend unprecedented sums on fuel in a chaotic market and raising concerns about the autumn harvest.

In the U.S., where corn and soybean producers are rushing to sow after rains and cold temperatures forced delays, filling a tractor ...Read more

Christopher Furlong/Getty Images North America/TNS

Motormouth: Gas stations of the future

Business / Business News /

Q: As the car market transitions to more electric vehicles, what will traditional car service stations do since all the service needed by internal combustion engines will be replaced by a big battery?

M.N., New Richmond, Wisconsin

A: One of the scenarios is that stations may become hybrids themselves, selling gas and electrons. Since ...Read more

Irfan Khan/Los Angeles Times/TNS

Disney labels rainbow merchandise 'Pride Collection' for the first time: 'This is how it's done!'

Business / Business News /

For years, Walt Disney Co. has courted LGBTQ+ visitors to its theme parks, selling rainbow-colored souvenirs and hosting groups that organize annual "Gay Days" celebrations.

But Disney this week started marketing and promoting merchandise under the name "Pride Collection" for the first time, a big branding move for a company that has become a ...Read more

Ivy Ceballo/Tampa Bay Times/TNS

So how do you go from being an engineer to a Tampa Bay Ben & Jerry's bigwig?

Business / Business News /

TAMPA, Florida — Eric Taylor seemed to have his life figured out: College (check), start his career as an engineer (check), get a good job with good pay at a good company (check, check and check.)

Then his cousin and childhood friend Antonio McBroom reached out from his college job at a Ben & Jerry’s ice cream shop in North Carolina — and...Read more

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Michael Hiltzik: A lengthy list of Trump's disastrous business deals -- compiled by his newest business partners

Business / Business News /

Donald Trump's business history has been so filled with disastrous ventures that it's been hard to keep track of them all.

No longer. Digital World Acquisition Corp., which is the special purpose acquisition company, or SPAC, taking Trump's "Truth Social" media platform public, has conveniently listed them in a document it is required to file ...Read more

Brant Sanderlin/The Atlanta Journal-Constitution/TNS

Savannah port has record April as some ships switch from West Coast

Business / Business News /

The Port of Savannah had its busiest April on record, handling nearly a half-million 20-foot containers — nearly one of every nine passing through an American port, according to officials at the Georgia Ports Authority.

That trade activity — the third-busiest month the port has ever had — came despite gaps in global shipments caused by ...Read more

Andrei Gabriel Stanescu/Dreamstime/TNS

After prospering in the pandemic, Target is now a symbol of inflation's impact

Business / Business News /

Target Corp., whose growth in the pandemic pushed its stock to record heights, on Wednesday became a symbol of inflation's toll on the American economy.

The Minneapolis-based retailer's latest quarterly profit was halved compared to a year ago as it contended with higher costs and changes in shopping habits, news that spooked investors fearing ...Read more

Dreamstime/Dreamstime/TNS

Fights over contract, long hours divide cinematographers' union

Business / Business News /

LOS ANGELES — Rebecca Rhine recently announced that she would be stepping down as national executive director of the International Cinematographers Guild when her contract expired in September.

In a letter to colleagues, Rhine cited her concerns about mistrust and infighting within Local 600 of the International Alliance of Theatrical Stage ...Read more

Eduardo Contreras/San Diego Union-Tribune/TNS

Stone Brewing settles trademark lawsuit with rival craft brewery over 'Keep It Juicy' tagline

Business / Business News /

Stone Brewing has settled a trademark lawsuit brought by North Carolina craft beer maker Sycamore Brewing over the catch phrase "Keep It Juicy" — with both sides walking away without paying damages.

The settlement came last week, shortly after Stone Brewing filed a countersuit against Sycamore calling its legal action a "sham." The Escondido,...Read more

Dreamstime/Dreamstime/TNS

Stocks set to sink as bonds jump on growth fears: Markets wrap

Business / Business News /

A slump in stocks is set to continue in Asia on Thursday after mounting fears of an economic downturn hit US shares and spurred a flight to havens including Treasuries and the dollar.

Futures signal declines loom for Japan, Australia and Hong Kong in the wake of a 4% plunge in the S&P 500, the biggest daily drop in almost two years. The ...Read more

Andrei Gabriel Stanescu/Dreamstime/TNS

Inflation crushes Target's profit, shares plunge 25%

Business / Business News /

Inflation smacked Target Corp. over the past three months, leading to a profit drop that surprised investors and triggered a huge selloff of its stock.

The Minneapolis-based retailer dealt both with higher costs from supply chain issues and reduced discretionary spending on certain items like furniture as customers faced higher living costs.

...Read more

Theodore Parisienne/TNS

Grubhub customers learn there's no such thing as a free lunch after all

Business / Business News /

Grubhub’s attempts to drum up buzz for its food-delivery service by offering “free” lunch in New York didn’t exactly generate the kind of publicity the company was hoping for.

On Tuesday, the company offered New Yorkers a “free” lunch, excluding tips and fees, up to the value of $15 between 11 a.m. and 2 p.m. The promotion was ...Read more

Win McNamee/Getty Images North America/TNS

Mastercard to cover employees' travel for out-of-state abortions

Business / Business News /

Mastercard Inc. said it would help pay for workers to travel to access abortions if pregnancy terminations aren’t available in their home state.

“We will continue to offer employees access to the same health care, including family planning and reproductive benefits, that is available today wherever they live,” the credit-card company said...Read more

Andrei Gabriel Stanescu/Dreamstime/TNS

Inflation crushes Target's profit, shares plunge 25%

Business / Business News /

Inflation smacked Target Corp. over the past three months, leading to a profit drop that surprised investors and triggered a huge selloff of its stock.

The Minneapolis-based retailer dealt both with higher costs from supply chain issues and reduced discretionary spending on certain items like furniture as customers faced higher living costs.

...Read more

Drew Angerer/Getty Images North America/TNS

Michael Hiltzik: Here's why the arguments against canceling student debt make no sense

Business / Business News /

The debate over the cancellation of student debt has been going on for so long in America that reiterating the arguments pro and con no longer seems necessary.

What may not be so well understood, however, is how incoherent the opposition arguments are. So we'll focus on that.

First, a quick tour of the student loan landscape.

To begin with, ...Read more

Chip Somodevilla/Getty Images North America/TNS

Senators seek FTC probe of IRS provider ID.me selfie technology

Business / Business News /

A group of Democratic senators has asked the Federal Trade Commission to investigate whether identity verification company ID.me illegally misled consumers and government agencies over its use of controversial facial recognition software.

ID.me, which uses a mixture of selfies, document scans, and other methods to verify people’s identities ...Read more

Kevin Dietsch/Pool/AFP/Getty Images North America/TNS

Yellen's grand global corporate tax plan risks Congress flop

Business / Business News /

Treasury Secretary Janet Yellen’s success in securing the biggest global corporate-tax reform in decades risks flopping in her own country’s legislature, potentially sowing the seeds for renewed international tensions in coming years.

Heralded as a “historic agreement” when the two-part deal was reached last October, the framework would...Read more