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US ready to seize luxury cruise ship over unpaid fuel bills

Business / Business News /

The Crystal Symphony, a luxury cruise ship operated by financially strapped Genting Hong Kong Ltd., will be seized to repay $1.2 million in unpaid fuel bills if it docks in Miami Saturday, amid reports the vessel is being diverted to the Bahamas after a U.S. court issued an arrest warrant.

A U.S. marshall and a court-appointed custodian are ...Read more

Joe Burbank/Orlando Sentinel/TNS

Carnival to try app-based vaccine, test verification at Port Canaveral, continue cruise safety measures

Business / Business News /

Carnival Cruise Line has announced it will try an app-based verification system for COVID-19 vaccines and negative tests for passengers sailing on the Mardi Gras cruise ship out of Port Canaveral.

The cruise line said it would use the product called VerifFLY by the company Daon, something already used in the airline industry, to allow ...Read more

Steven M. Falk/The Philadelphia Inquirer/TNS

Comcast is teaming up with Nokia to sell private 5G networks to big business, government

Business / Business News /

Comcast has partnered with Nokia to sell businesses private 5G networks, the new high-speed wireless internet that could power ports, factories, and other large enterprises.

The cable giant's business services unit, Comcast Business, will deploy its first private 5G network at the Wells Fargo Center during the first quarter this year, company ...Read more

SAUL LOEB/Getty Images North America/TNS

Biden pushes Congress to pass $52 billion for chip production

Business / Business News /

President Joe Biden pleaded Friday for Congress to pass $52 billion in funding for semiconductor chip production amid an ongoing shortage that's driving up prices of cars, tech and other consumer goods.

Earlier Friday, Intel Corp. announced it would spend $20 billion to build a new chip production facility near Columbus, Ohio. The company's CEO...Read more

Win McNamee/Getty Images North America/TNS

White House is set to put itself at center of US crypto policy

Business / Business News /

The Biden administration is preparing to release an initial government-wide strategy for digital assets as soon as next month and task federal agencies with assessing the risks and opportunities that they pose, according to people familiar with the matter.

Senior administration officials have held multiple meetings on the plan, which is being ...Read more

Stephen M. Dowell/Orlando Sentinel/TNS

Universal won't require COVID testing for non-vaccinated workers

Business / Business News /

Universal employees will not be required to undergo weekly COVID testing if they are not vaccinated, a decision made in response to a change in federal regulations, the company said.

The announcement reverses a policy Universal updated 10 days earlier.

On Jan. 10, Universal sent workers a message that they would either be required to be ...Read more

Mandel Ngan/AFP/AFP via Getty Images/TNS

Voting technology company sues MyPillow CEO Mike Lindell for defamation

Business / Business News /

MINNEAPOLIS — A voting technology company is suing MyPillow founder and CEO Mike Lindell for defamation over his ongoing claims of election fraud in the last presidential election.

Smartmatic USA Corp. sued this week in federal court against Lindell and his company alleging that he falsely claimed that Smartmatic stole the 2020 election and ...Read more

General Motors/General Motors/TNS

GM and local UAW at odds over contract at plant that makes the Corvette

Business / Business News /

General Motors is back at the bargaining table just two years after reaching a national contract agreement with the UAW amid a 40-day national strike.

This time, GM is trying to hammer out a local contract with workers at its Bowling Green Assembly plant in Kentucky where it builds its popular Corvette sportscar.

The 1,300 hourly workers at ...Read more

Paul Brady/TNS/TNS

Fed seen signaling March rate rise and assets runoff soon after

Business / Business News /

Federal Reserve officials will signal next week they’ll raise interest rates in March for the first time in more than three years and shrink their balance sheet soon after, economists surveyed by Bloomberg said.

A majority of the 45 economists in the poll predicted the U.S. central bank will use its Jan. 25-26 policy meeting to telegraph a 25...Read more

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Pennsylvania lawmakers mull pension reforms as PSERS remains under scrutiny

Business / Business News /

State lawmakers met with officials of Pennsylvania's public pension funds Thursday to vet reform measures that have been introduced to increase transparency and oversight of the pension system.

The measures are working their way through the legislative process and could be considered for passage this year. Thursday's hearing offered ...Read more

Susan Tompor/Detroit Free Press/TNS

Susan Tompor: 5 things to know about IRS Letter 6419 and the child tax credit

Business / Business News /

Parents are flooded with paperwork every single day of the year. But this year, they absolutely want to keep track of one key letter — Letter 6419, to be sent to you by none other than the Internal Revenue Service.

Do not throw this letter away. Keep this letter with all of your other important tax paperwork, including your W-2s. Repeat, keep...Read more

Hannah Norman/KHN/TNS

Rapid-test makers clearing $4 billion in US government work

Business / Business News /

President Joe Biden’s promise to provide one billion free rapid Covid-19 tests to Americans is set to be a boon for test makers, as the highly contagious omicron variant has left pharmacies and clinics scrambling to find supplies.

The U.S. government has committed to spend at least $4.2 billion to develop, manufacture and produce rapid ...Read more

File photo/Orlando Sentinel/TNS

Former Disney housekeeper sues company over discrimination

Business / Business News /

A former housekeeper with diabetes has sued Walt Disney Parks and Resorts, alleging the company unjustly fired him after he complained about being denied access to bathrooms and medication and enduring discrimination because he is a Black Jamaican.

Stevel Smith, 52, alleges his managers at the Yacht and Beach Club resorts violated the Americans...Read more

Dezer Development/Dezer Development/TNS

Larry Printz: Bentley's newest project isn't a car

Business / Business News /

Sunny Isles Beach, Florida, a town once filled with low-rise, mid-century modern motels, is now awash in condo towers. But newest one promises to be one of the most alluring — at least for car enthusiasts.

It’s the Bentley Residences, the first Bentley-branded luxury residential tower. The 749-foot high, 60-story condominium is slated to be...Read more

Shengying Lin/Dreamstime/TNS

Costco profits surge; shareholders vote for faster cut in carbon emissions

Business / Business News /

Costco's shareholders are pushing the retail superstore to address its impact on the climate.

Tucked in amid reports on the number of rotisserie chickens sold (106 million) and the number of hot dog-and-soda combos customers consumed (122 million), Costco's shareholders voted Thursday to push the company to cut carbon emissions faster and more ...Read more

Ford/TNS

Insurance Institute: Advanced driving assistance systems don't equal self-driving tech

Business / Business News /

Having an advanced driver assistance system in your car, where cameras and sensors allow it to offer things like adaptive cruise control or lane centering, doesn't mean you have a self-driving vehicle.

Drivers still need to be alert and paying attention to what's up ahead.

But some manufacturers have oversold how much their systems can do, ...Read more

Scott Downs/Dreamstime/TNS

As road deaths skyrocket, Michigan, other states should boost safety laws, group says

Business / Business News /

Michigan could do more to make its roadways safer for all users, according to a new report from a national safety group.

With 985 fatalities in 2019 and motor vehicle crashes costing an estimated $11.5 billion annually, not to mention the attendant misery, the Great Lakes State should do a better job of focusing on road safety, according to ...Read more

Kimberly P. Mitchell/Detroit Free Press/TNS

Sticker shock is a real thing for car shoppers right now: Here's why

Business / Business News /

The price to buy a new or used car is increasing at a faster rate than the average wage growth in the nation, a study said.

On Thursday, Anderson Economic Group, an East Lansing-based economic consulting firm, released the results of a recent analysis comparing new and used vehicle price increases against wage growth in the U.S. private sector....Read more

The Week Ahead: Accelerating the effort to slow the economy

Business / Business News /

The stock market tantrum to begin the year is not really about investors reassessing the economy, geopolitics in Ukraine, or even corporate earnings power. It’s about a newly engaged Federal Reserve ready to fight inflation. And soon.

Investors hope for clarity as soon as this week. The central bank’s interest rate setting committee meets ...Read more

Irfan Khan/Los Angeles Times/TNS

How supply chain crunch, limited security, idle trains made cargo in LA vulnerable to thieves

Business / Business News /

With Southern California a global hub for cargo in this e-commerce age, train cars filled with valuable goods are crisscrossing hundreds of miles of track at all hours.

But amid the supply chain congestion at local ports and elsewhere, those trains sometimes sit idle, leaving them vulnerable to thieves in urban rail yards, according to supply ...Read more