Alaska Airlines has agreed to acquire its rival Hawaiian Airlines in a deal valued at about $1.9 billion, as the companies make a push to expand along the West Coast. The purchase values Hawaiian Airlines at $18 per …
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Business
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Business
Swiss bank will pay $122.9 million after helping U.S. citizens hide billions in assets
by adminA private Swiss bank will pay $122.9 million in back taxes and penalties after admitting it helped clients hide assets from the IRS between 2008 and 2014. According to court filings and the Justice Department, …
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Business
Pending home sales drop to a record low, even worse than during the financial crisis
by adminPending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001, meaning it’s even …
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Business
Cut from projects, dropped by agents: How the Israel-Hamas war is dividing Hollywood
by adminThe entertainment industry is grappling with how to talk about the war between Israel and Hamas nearly two months after it erupted. Some in Hollywood say they’re being silenced for speaking out on human rights, …
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Business
Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen
by adminFederal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it too early to declare victory over inflation. Despite a string of positive indicators recently regarding prices, the …
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Red Lobster’s parent company, Thai Union Group, disclosed earlier this month that the seafood chain took an unexpectedly large loss in the third quarter of the year because its $20 shrimp promotion wasn’t very profitable …
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Sleep through Black Friday and Cyber Monday? Don’t worry. While the two post-Thanksgiving sales days featured plenty of discounts, retailers are still pushing to lure in shoppers all through December. Yes, there were record-setting deals …
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President Joe Biden’s landmark climate law is driving outsized clean energy funding into low-income, less-educated and fossil fuel towns, according to a new analysis the Treasury Department released Wednesday. An estimated 81% of investments in …
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Business
Thousands of autoworkers at Toyota, Honda and others move to unionize after UAW victory over the Big Three
by adminThe United Auto Workers union said Wednesday it is trying to unionize employees at 13 companies that build cars in the U.S. The union said the simultaneous push covers BMW, Honda, Hyundai, Lucid, Mazda, Mercedes-Benz, …
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Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows. The world’s largest …