Latest Business News

Myanmar opium cultivation surged 33% amid violence, UN finds

Jan. 26, 2023 20:17 PM EST

BANGKOK (AP) — The production of opium in Myanmar has flourished since the military's seizure of power, with the cultivation of poppies up by a third in the past year as eradication efforts have dropped off and the faltering economy has led more people toward the drug trade, according to a United...

Lawsuit: Vegas Strip resorts used vendor to fix hotel rates

Jan. 26, 2023 19:46 PM EST

LAS VEGAS (AP) — A federal lawsuit in Nevada is seeking class-action damages for countless hotel patrons who booked rooms in Las Vegas since 2019, alleging that most hotel-casinos on the Las Vegas Strip have used a third-party vendor to illegally fix prices. The complaint filed...

Town where kids cancer rose blasts deal over polluted site

Jan. 26, 2023 19:39 PM EST

TOMS RIVER, N.J. (AP) — In hindsight, it's clear that something was very wrong in this suburban town at the Jersey Shore, where many people worked at or lived near a chemical company that was flushing toxic waste into waterways and burying it in the ground. Men would come home from...

Chipotle looks to hire 15,000 amid continuing labor shortage

Jan. 26, 2023 19:04 PM EST

Restaurants are beginning the new year with a recurring problem: labor shortages. Chipotle said Thursday it’s looking to hire 15,000 people in North America to ensure its stores are staffed up ahead of its busy spring season. Other chains are also looking for workers: Taco Bell has...

Tale of 2 airlines: Big profit at American, Southwest loss

Jan. 26, 2023 18:47 PM EST

American Airlines and two smaller carriers gave more proof Thursday of the recovery in air travel, posting better-than-expected profit for the fourth quarter, while Southwest Airlines lost money because of massive flight cancellations last month. Southwest said it expects another...

Jury: $1M to Oregon woman told 'I don't serve Black people'

Jan. 26, 2023 18:42 PM EST

PORTLAND, Ore. (AP) — A jury has awarded an Oregon woman $1 million in damages after finding she was discriminated against by a gas station employee who told her, “I don’t serve Black people.” The Multnomah County jury’s award this week to Portland resident Rose Wakefield,...

Toymaker Hasbro laying off 1,000 to cut costs

Jan. 26, 2023 18:38 PM EST

PAWTUCKET, R.I. (AP) — Toymaker Hasbro said Thursday it is cutting about 1,000 jobs as part of moves announced last year to save up to $300 million annually by 2025. The nearly century-old Rhode Island-based company behind Monopoly, Play-Doh and My Little Pony toys said the...

Boeing pleads not guilty in case over deadly Max crashes

Jan. 26, 2023 18:11 PM EST

FORT WORTH, Texas (AP) — Boeing pleaded not guilty Thursday to a charge that it misled regulators who approved its 737 Max, the plane that was involved in two crashes that killed 346 people. Family members of passengers who died gave emotional testimony, calling for criminal...

FDA's advisers back plan to simplify COVID-19 vaccinations

Jan. 26, 2023 18:09 PM EST

The U.S. is poised to make COVID-19 vaccinations more like a yearly flu shot, a major shift in strategy despite a long list of questions about how to best protect against a still rapidly mutating virus. The Food and Drug Administration asked its scientific advisers Thursday to help...

Vermont organic dairy farmers seek help from state

Jan. 26, 2023 17:14 PM EST

Associated Press (AP) — As more organic dairy farmers are forced out of business by an economic crisis facing them, Vermont advocates and farmers are seeking a one-time state appropriation of $9.2 million to help existing organic dairies survive. The money would be used to pay the...