NEW YORK (AP) — They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good. An Associated Press analysis found their numbers have […]
The expected federal investigations into leading artificial intelligence firms by two powerful agencies mark a sharp new turn in the Biden administration’s approach to AI — but the timing, deep in the fourth year of Biden’s presidency, could leave his antitrust agenda vulnerable if Donald Trump wins the presidency in November. “Administrations are short and […]
UN secretary-general Antonio Guterres called on Wednesday for a “windfall” tax on the profits of fossil fuel companies to help pay for the fight against global warming, calling them the “godfathers of climate chaos”. In a bare-knuckled speech timed for World Environment Day, Mr Guterres, who has repeatedly spoken out about the threat of climate […]
Russian leader Vladimir Putin.Sergei Guneyev/Pool/AFP via Getty Images Western firms in Russia risk losing their assets if the US touches Russia’s frozen reserves, a think tank expert wrote. According to Elisabeth Braw, the Kremlin “has the power to harm any Western company it chooses.” Currently, the West is trying to avoid such issues by using […]
Boston’s Police Commissioner and the Mayor’s Chief of Streets are warning three major food delivery companies about an upcoming crackdown on unlawful scooter, moped, and motorcycle operations. The letter was sent Monday to GrubHub, Uber Technologies, and DoorDash and gave each until Friday to respond to a list of questions. Boston 25 News was in […]
Chickens gather around a feeder at a farm on August 9, 2014, in Osage, Iowa. A new proposed U.S. Department of Agriculture rule would ban chicken companies from deducting farmers’ pay. (Scott Olson | Getty Images) WASHINGTON — A rule proposed by the U.S. Department of Agriculture would eliminate pay deductions for chicken producers, Secretary […]
(Bloomberg) — Spirit Airlines Inc. is losing its chief financial officer to another troubled company — Hertz Global Holdings Inc. — as the carrier works to restructure a crushing debt load and the car rental company reboots after a failed bet on electric vehicles. Most Read from Bloomberg Scott Haralson, who has been Spirit’s CFO […]
(Bloomberg) — Spirit Airlines Inc. is losing its chief financial officer to another troubled company — Hertz Global Holdings Inc. — as the carrier works to restructure a crushing debt load and the car rental company reboots after a failed bet on electric vehicles. Most Read from Bloomberg Scott Haralson, who has been Spirit’s CFO […]
Amidst a backdrop of fluctuating European markets and rising inflation concerns, France’s CAC 40 Index recently experienced a notable decline. In such an environment, growth companies with high insider ownership in France may offer unique stability and commitment, as insiders’ substantial equity stakes often align their interests closely with those of shareholders. Top 10 Growth […]
various Costco liquor bottles – Static Media / Shutterstock Costco has carved a niche as a one-stop-shop for quality affordable products, thanks largely to its in-house Kirkland Signature brand. Considered a better alternative to popular household names by many consumers, Kirkland Signature accounted for a quarter of Costco’s total revenue in 2021. Unsurprisingly, the brand’s food and beverage […]
Oil and gas companies in the US have been on a consolidation tear, and industry watchers predict it isn’t over. Last year, crude oil and natural gas exploration and production companies increased spending on mergers and acquisitions to $234 billion, the biggest amount adjusted for inflation since 2012, according to data from the Energy Information […]
DENVER (KDVR) — A week of hailstorms brought a sobering reminder of what’s to come for severe weather season. The last storm on Thursday took its toll on homes and their siding, windows and roofs. “We haven’t seen something like this in a number of years,” said Scott Nakayama with North West Roofing. Fierce hail […]