Latest Business News
Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production
Boeing plans to lay off about 10% of its workers in the coming months, about 17,000 people, as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes. New CEO Kelly Ortberg told staff in a memo Friday...
TikTok was aware of risks kids and teens face on its platform, legal document alleges
TikTok was aware that its design features are detrimental to its young users and that publicly touted tools aimed at limiting kids’ time on the site were largely ineffective, according to internal documents and communications exposed in lawsuit filed by the state of Kentucky. The...
If you let your flood insurance lapse and then got hit by Helene, you may be able to renew it
WASHINGTON (AP) — Residents in the states hit by Hurricane Helene who had coverage through the federal flood insurance program but let it lapse before the storm hit may be able to renew it and still be covered from the impact. The Federal Emergency Management Agency said late...
Elevator door was 'broken' during Colorado mine tour accident that killed 1 and trapped 12
DENVER (AP) — Investigators on Friday were trying to figure out what led to an elevator accident inside a former Colorado gold mine that killed a tour guide, injured four others and left a separate group of 12 people trapped for hours at the bottom of the tourist attraction 1,000 feet (305...
Oregon's most populous county adds gas utility to $51B climate suit against fossil fuel companies
PORTLAND, Ore. (AP) — Oregon's Multnomah County, home to Portland, has added the state's largest natural gas utility to its $51.5 billion climate lawsuit against fossil fuel companies over their role in the region's deadly 2021 heat- dome event. The lawsuit, filed last year,...
Fisher-Price recalls over 2 million 'Snuga Swings' following the deaths of 5 infants
NEW YORK (AP) — Fisher-Price is recalling parts of over 2 million infant swings across the U.S., Canada and Mexico due to a serious suffocation risk, following reports of five infant deaths. The U.S. Consumer Product Safety Commission warned that all models of Fisher-Price's Snuga...
Gulf Resources: Q2 Earnings Snapshot
SHOUGUANG, China (AP) — SHOUGUANG, China (AP) — Gulf Resources Inc. (GURE) on Friday reported a loss of $33.1 million in its second quarter. The Shouguang, China-based company said it had a loss of $3.09 per share. The specialty chemicals company posted revenue of...
Gulf Resources: Q1 Earnings Snapshot
SHOUGUANG, China (AP) — SHOUGUANG, China (AP) — Gulf Resources Inc. (GURE) on Friday reported a loss of $4 million in its first quarter. The Shouguang, China-based company said it had a loss of 37 cents per share. The specialty chemicals company posted revenue of...
California Senate passes bill aimed at preventing gas price spikes
SACRAMENTO, Calif. (AP) — The California state Senate passed a measure Friday to prevent gas prices from spiking in a state where it is notoriously expensive to fill up at the pump. The proposal, backed by Democratic Gov. Gavin Newsom, would give energy regulators the authority to...