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Cargill, United among sugar companies sued for alleged price-fixing 'conspiracy'
The nation's largest sugar producers stand accused of violating antitrust law and conspiring to fix prices, according to lawsuits filed in federal court in Minnesota this week.
The class-action lawsuits target Edina-based...Read more
Boeing sees massive cash drain as 737 Max episode takes toll
Boeing Co. predicted a massive cash drain for the first quarter as regulatory scrutiny and slower output of its 737 Max jetliner following a January mid-air accident take their toll on its finances.
Cash outflow will ...Read more
Powell says it'll soon be appropriate to slow pace of QT
The Federal Reserve is maintaining the pace at which it’s reducing bond holdings, even as officials say it will be appropriate to slow the pace of the unwind fairly soon.
The Fed has been winding down its holdings ...Read more
Biden hails $20 billion for Intel, says Trump lost jobs to China
President Joe Biden said his $20 billion award to Intel Corp. demonstrated his investments in U.S. industries that had withered under Donald Trump’s tenure, touting a flurry of government spending he hopes will help him ...Read more
Automakers get more time to ramp up EVs under final EPA emissions rules
The U.S. Environmental Protection Agency said Wednesday its final automobile tailpipe emissions standards allow additional time for the automotive sector to scale up supply chains for electric vehicles and other ...Read more
Biden unveils plan to boost EVs, phase out gas-powered cars in US
The nation’s slow transition to electric vehicles got a boost Wednesday when the Biden administration announced it had finalized the strongest-ever pollution standards for cars and light trucks for model years 2027 ...Read more
Fed pencils in three rate cuts in 2024, shallower path ahead
Federal Reserve officials maintained their outlook for three interest-rate cuts this year and moved toward slowing the pace of reducing their bond holdings, suggesting they aren’t alarmed by a recent uptick in inflation....Read more
Two tech companies with Philly ties just joined forces to make it easier for college students to get financial aid
PHILADELPHIA — Two information technology companies based in Montgomery County — Unisys, the venerable Blue Bell tech services and consulting provider, and Boomi, the fast-growing Conshohocken software-systems ...Read more
General Mills' two-ingredient ad campaign for Pillsbury boosts relevance of veteran brand
Pillsbury sales made a quick rise this winter after heavily advertising two-ingredient meal ideas like chicken and dumplings with its cans of buttermilk biscuits.
That's icing on the cinnamon roll for the General Mills' ...Read more
For hard-hit tech workers, AI is a silver lining
For the thousands of tech workers recently laid off in California and across the country, the future may not be as bleak as it looks right now: Many are likely to retrain fairly quickly for new jobs in the burgeoning field...Read more
Tech review: OnePlus 12 compares nicely with other flagship phones
OnePlus has been making Android phones for 10 years now, and their latest flagship phone, the OnePlus 12 is a serious competitor to phones like the Google Pixel 8 Pro and Samsung Galaxy S24 Ultra.
One of the first things ...Read more
Profit machine: Ford Pro commercial vehicle and tech business sets the automaker apart
ROSEVILLE, Michigan — Ford Pro might just be Ford Motor Co.’s “Ferrari,” and some competitors say they are coming after it.
For years, the commercial vehicles segment was overlooked as less exciting, but ...Read more
Tech company Stuzo plans to woo Wawa after being sold for $190 million to a NY firm
“Next, we want Wawa!” said a laughing Gunter Pfau, founder of Stuzo Holdings LLC, a Center City-based software firm whose platform powers transactions at convenience store and gas station chains. On March 11, Pfau sold...Read more
A major cog in Philadelphia biotech is in congressional crosshairs for its Chinese ownership
WuXi AppTec, a biotechnology research and manufacturing company that occupies four buildings and employs 800 in South Philly’s Navy Yard, is among the Chinese-owned companies in the crosshairs of legislation advancing in...Read more
Apple co-founder Steve Wozniak wins latest round in lawsuit vs. YouTube over Bitcoin scam
Steve Wozniak has won the latest round in a legal battle of Silicon Valley titans after a San Jose appeals court ruled YouTube can’t count on a controversial communications law to shield itself from responsibility for a ...Read more
WA cherry growers get federal help after extreme heat hurt crops
After nearly a $100 million loss last summer, Washington's sweet cherry growers are now eligible for federal disaster relief loans to minimize their losses, congressional officials announced Tuesday.
Farmers can apply for...Read more
Stellantis, California reach deal on emissions regulations
Stellantis NV and the California Air Resources Board said Tuesday they have reached a deal to avoid potentially "lengthy litigation" that will require the automaker to further cut greenhouse gas emissions from its cars and...Read more
Realtor rules just changed dramatically. Here's what buyers and sellers can expect
So long, 6% commission.
For decades, real estate commissions have been somewhat standardized, with most home sellers paying 5% to 6% commission to cover both the listing agent and the buyer's agent.
On Friday, everything...Read more
A new plan for Midwest power lines could cost $23 billion. Is it enough?
The cost of a gargantuan new plan to upgrade the regional electric grid with more than a dozen transmission lines across the Upper Midwest could top $20 billion. And that still might not be enough.
State utility ...Read more
Delta pilot sentenced for being over alcohol limit before flight
A Delta Air Lines captain from Georgia has been sentenced to 10 months in jail following his arrest last year in Scotland for being twice the legal limit for alcohol for pilots before reporting for duty for a transatlantic...Read more
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