Business

GE Reveals Identity of 3 Companies after Historic Split

GE Reveals Identity of 3 Companies after Historic Split

BUSINESS | By Michelle Chapman | Jul 19, 2022

General Electric on Monday revealed the names of the three companies that will operate on their own after the historic split of the one-time conglomerate.

G20 Finance Meetings in Bali Overshadowed by War in Ukraine

G20 Finance Meetings in Bali Overshadowed by War in Ukraine

BUSINESS | By Elaine Kurtenbach | Jul 17, 2022

Financial leaders of the Group of 20 richest and biggest economies agreed on the need to jointly tackle global ills such as inflation and food crises, but failed to bridge differences over the war in Ukraine.

Penalty Cut for Oregon Bakers who Refused Lesbian Brides

Penalty Cut for Oregon Bakers who Refused Lesbian Brides

BUSINESS | Jul 16, 2022

The state of Oregon has slashed the financial penalties it assigned a baker who refused to bake a wedding cake for a lesbian couple almost 10 years ago.

Reports: Musk Demands Months for Trial Prep in Twitter Suit

Reports: Musk Demands Months for Trial Prep in Twitter Suit

BUSINESS | Jul 16, 2022

Tesla CEO Elon Musk fired back Friday at Twitter's lawsuit seeking to force him to complete his $44 billion acquisition of the platform, according to multiple news reports.

Nintendo Offers Same-Sex Partner Benefits while Japan Denies Marriage Rights

Nintendo Offers Same-Sex Partner Benefits while Japan Denies Marriage Rights

BUSINESS | By Kilian Melloy | Jul 14, 2022

Video game giant Nintendo has displayed corporate leadership that outstrips Japan's lawmakers in offering benefits to the same-sex partners of its employees while Japan denies equal marriage rights.

Twitter: Attrition Up a Bit, Companywide Layoffs Not Planned

Twitter: Attrition Up a Bit, Companywide Layoffs Not Planned

BUSINESS | Jul 14, 2022

Twitter is telling its employees that it's not planning any companywide layoffs, but there could be some restructuring and organization changes as it heads into a legal battle with Elon Musk.

Twitter Sues to Force Musk to Complete His $44B Acquisition

Twitter Sues to Force Musk to Complete His $44B Acquisition

BUSINESS | By Matt O'Brien | Jul 13, 2022

Twitter sued Tesla CEO Elon Musk on Tuesday, trying to force him to complete his $44 billion takeover of the social media company by accusing him of "outlandish" and "bad faith" actions.

Looming Musk-Twitter Legal Battle Hammers Company Shares

Looming Musk-Twitter Legal Battle Hammers Company Shares

BUSINESS | Jul 12, 2022

Shares of Twitter slid after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court.

Amazon Prime Day Comes Amid Slowdown in Online Sales Growth

Amazon Prime Day Comes Amid Slowdown in Online Sales Growth

BUSINESS | By Haleluya Hadero | Jul 12, 2022

Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic.

Report: Uber Lobbied, Used 'Stealth' Tech to Block Scrutiny

Report: Uber Lobbied, Used 'Stealth' Tech to Block Scrutiny

BUSINESS | Jul 11, 2022

Files revealed the extraordinary lengths that the company undertook to establish itself in nearly 30 countries.

Is 'Rainbow Capitalism' Minimizing Authentic Queer Content?

Is 'Rainbow Capitalism' Minimizing Authentic Queer Content?

BUSINESS | By Nia Hunt | Jul 10, 2022

Rainbow capitalism threatens to minimize, if not erase, the innovations pioneered by queer creators in fashion, as well as the significance clothing holds for self-expression and defiance of gender norms.

U.S. Hiring was Likely Solid in June Despite Recession Fears

U.S. Hiring was Likely Solid in June Despite Recession Fears

BUSINESS | By Christopher Rugaber | Jul 8, 2022

U.S. employers likely downshifted their pace of hiring in June, but to a level that remains solid despite fears that the economy faces the growing risk of a recession.

Amazon Prime Adding Free Grubhub Meal Delivery for Members

Amazon Prime Adding Free Grubhub Meal Delivery for Members

BUSINESS | By Dee-Ann Durbin | Jul 7, 2022

Amazon will give its U.S. Prime members free access to meal delivery service Grubhub for a year under a deal announced Wednesday.

G-20 Meeting May Lead to Wider Divisions over War in Ukraine

G-20 Meeting May Lead to Wider Divisions over War in Ukraine

BUSINESS | By Matthew Lee | Jul 6, 2022

Instead of providing unity, the talks may well exacerbate existing divides over the Ukraine conflict.

Companies Could Face Hurdles Covering Abortion Travel Costs

Companies Could Face Hurdles Covering Abortion Travel Costs

BUSINESS | By Barbara Ortutay | Jul 5, 2022

It's not clear if companies vowing to cover travel costs for employees seeking abortions in states where it reamins legal can protect employees' privacy and keep them safe from prosecution.

Add Rent to the Rising Costs Bedeviling Small Businesses

Add Rent to the Rising Costs Bedeviling Small Businesses

BUSINESS | By Mae Anderson | Jul 5, 2022

The rent has come due for America's small businesses and at a very inopportune time.

Family of Boy Killed in Adventureland Accident Sues Park

Family of Boy Killed in Adventureland Accident Sues Park

BUSINESS | By David Pitt | Jul 1, 2022

The family of an 11-year old boy who died on a water ride at an Iowa amusement park a year ago filed a wrongful death lawsuit in state court Thursday.

California Sets Nation's Toughest Plastics Reduction Rules

California Sets Nation's Toughest Plastics Reduction Rules

BUSINESS | By Kathleen Ronayne | Jul 1, 2022

Companies selling shampoo, food and other products wrapped in plastic have a decade to cut down on their use of the polluting material if they want their wares on California store shelves.

Watch: Shirtless-ish Gus Kenworthy Dances in Britney Spears' Iconic Living Room — for a Good Cause

Watch: Shirtless-ish Gus Kenworthy Dances in Britney Spears' Iconic Living Room — for a Good Cause

BUSINESS | Jun 30, 2022

Gus Kenworthy took to Instagram Wednesday evening to share a hilarious clip of himself dancing with his chest out in Britney Spears' iconic living room — for a good cause, of course!

Amazon, Rite Aid Cap Purchase of Emergency Contraceptives

Amazon, Rite Aid Cap Purchase of Emergency Contraceptives

BUSINESS | By Haleluya Hadero | Jun 30, 2022

Amazon is limiting how many emergency contraceptives consumers can buy, joining other retailers who put in place similar caps following the Supreme Court decision overruling Roe v. Wade.

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