ArcaMax

The household income required to be considered middle class in the United States varies depending on where you live. In California, the price is high.

As of 2022, middle-class household income ranged between $61,270 and $...Read more

Exxon Mobil can't say it wasn't warned.

Having opted to continue its lawsuit against two activist investor groups even after they withdrew a shareholder proposal the company management opposed, the giant oil company had ...Read more

Boeing will have five extra years to build its 767 freighters in its Everett plant thanks to a provision in the newly passed Federal Aviation Administration reauthorization bill.

Boeing won’t say what these extra years ...Read more

Ivan Boesky, who reached the pinnacle of fame and fortune as a high-flying Wall Street arbitrageur in the 1980s only to be exposed as a cheat in the insider-trading scandal that defined the era, has died. He was 87.

The ...Read more

Airbus SE secured an order for 105 of its narrowbody jets from Saudi Arabia’s flagship carrier as the kingdom pours billions of dollars into turning the country into an aviation and tourism hub.

The deal — which ...Read more

Red Lobster has filed for Chapter 11 bankruptcy and leaders plan to seek a buyer for the financially troubled seafood chain based in Orlando.

The bankruptcy, first reported by Bloomberg, came in U.S. District Court in ...Read more

TALLAHASSEE, Florida — More than two-thirds of the $3 billion set aside by the Florida Legislature to shore up the state’s collapsing property insurance industry has gone untouched since it first became available in ...Read more

Jay Schleicher has seen his fair share of insurance claims during his career as an agent.

Like when a renter fluffed a blanket and tore down a ceiling sprinkler, flooding their townhome unit with $40,000 in water damage. ...Read more

First, they went after Lurie Children’s Hospital in Chicago.

Next, cybercriminals attacked Ascension, a large nationwide health system with 14 hospitals in Illinois.

In both cases, the hospital systems kept providing ...Read more

The Biden administration quadrupled tariffs on Chinese electric vehicles this week in order to protect American automakers.

The tariffs are expected to rise to 100 percent from 25 percent for EVs. There are additional ...Read more

Boeing whistleblower John “Mitch” Barnett took his own life on March 9, South Carolina authorities reiterated in two reports released Friday. All findings suggest he died from a single, self-inflicted gunshot wound.

...Read more

Boeing’s conspicuous manufacturing woes and the resulting scrutiny from regulators, Congress and the flying public cast a shadow Friday over the company’s annual shareholder meeting.

In his opening speech, Steve ...Read more

As diversity programs in corporate America face increasing legal challenges, shareholders of three publicly traded Atlanta corporations have demanded changes around diversity, equity and inclusion initiatives.

The moves ...Read more

A majority of workers at the Alabama Mercedes-Benz have voted against joining the United Auto Workers — a setback for the Detroit union in its national campaign to organize foreign transplant factories.

The vote count ...Read more

A former head of diversity, equity and inclusion initiatives at Facebook and Nike was sentenced to five years in prison this week for a brazen fraud scheme she ran while working at the companies.

Barbara Furlow-Smiles ...Read more

California posted another anemic month of job growth in April, and the state's unemployment rate remained the highest in the land at 5.3%, the government reported Friday.

Statewide, employers added a net of just 5,200 ...Read more