Surgeon general's warning sends alcohol stocks sliding
Shares of Spirit companies plunged Friday after the U.S. Surgeon General recommended that alcohol be labeled with cancer warning labels similar to those on tobacco products. Boston Beer Company, known for products such as Angry Orchard, Truly Hard Seltzer, Samuel Adams and Twisted Tea, measured a downward spiral of 3.83 percent. Molson Coors, the Canadian-American […]
US Steel CEO rips Biden's 'shameful' move blocking sale
U.S. Steel's president and CEO said in a statement Friday afternoon that President Biden's decision to block the company's acquisition by Japanese company Nippon Steel is “shameful” and “corrupt.” he declared. “President Biden’s actions today are shameful and corrupt. He is harming the future of our company, our employees, and our national security while offering […]
Biden says he will block US Steel sale to Nippon Steel
President Biden announced Friday that he would block the sale of U.S. Steel to Japanese-owned Nippon Steel after a year of studying the potential deal. “To continue leading the fight on behalf of America's national interests, we need America's largest companies, which account for a major share of America's steel production capacity,” Biden said in […]
JetBlue fined $2 million for chronic flight delays
The Department of Transportation (DOT) on Friday announced a $2 million penalty against JetBlue Airways for multiple chronically delayed flights, even as the agency announced a $2 million penalty against JetBlue Airways for persistently delayed flights. This is the first time a penalty has been imposed. The Department of Transportation defines chronic delays as flights […]
Labor groups cheer Biden dismissal of US Steel sale as businesses bristle
Labor groups applauded Friday as companies criticized the Biden administration's decision to block Japanese rival Nippon Steel's acquisition of steelmaker U.S. Steel, citing national security concerns. sent. Nippon Steel and U.S. Steel said they were “regretted” by the decision and said the administration had not presented evidence that the deal could harm national security. “Instead […]
Brown hails Biden decision to block Japanese takeover of US Steel
Outgoing Sen. Sherrod Brown (D-Ohio) on Friday praised President Biden's decision to block Japan's Nippon Steel Corp.'s acquisition of U.S. Steel, a deal worth $14 billion. “This deal was done behind closed doors, with no workers at the table, and it represented a clear threat to America's national and economic security and ability to enforce […]
One third of workers say they are considering a job change in 2025
If the new report's findings are anything to go by, 225 years will see dramatic changes in the workforce. According to Global human resources barometer According to a study by Manpower Group, 35% of employees are considering changing jobs this year. The report, which surveyed more than 12,000 workers in 16 countries, found that the […]
Biden administration adds exemptions into new climate rules for hydrogen energy
The Biden administration on Friday finalized fairly stringent climate change rules for the nascent hydrogen energy industry. But the rules include new flexibilities and are expected to be less stringent than the administration's original proposal. A final rule issued by the Treasury Department on Friday will determine which facilities qualify for favorable tax credits for […]
Morgan Stanley to exit global climate coalition
Morgan Stanley on Thursday announced its withdrawal from a coalition of banks aiming to achieve net-zero emissions through lending and investment, the fifth group in recent weeks to do so. “Morgan Stanley has decided to withdraw from the Net Zero Banking Alliance. Morgan Stanley’s commitment to net zero remains unchanged. “We aim to contribute to […]
House Ethics panel recommends further review of campaign finance allegations against 2 lawmakers
An independent Congressional watchdog wants to dig deeper into separate campaign finance allegations against two members of Congress, Rep. Andy Ogles (R-Tenn.) and Rep. Sheila Cherfils McCormick (D-Florida). I'm thinking. The Office of Congressional Ethics (OCE), a bipartisan, independent commission that reviews allegations of misconduct against members of Congress and staff, claimed on Thursday that […]