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Rite Aid to close over two dozen stores amid bankruptcy proceedings

Rite Aid plans to close more than 20 more stores in two states. The drugstore chain filed a “Notice of Additional Store Closures” in federal bankruptcy court in New Jersey on Monday, adding a total of 27 stores in Michigan and Ohio to its closures. Twelve of those are in Michigan, according to the filing. […]

More than two dozen Rite Aid stores poised to close

See what’s clicking on FoxBusiness.com Rite Aid plans to close more than 20 more stores in two states. The drugstore chain filed a “Notice of Additional Store Closures” in federal bankruptcy court in New Jersey on Monday, adding a total of 27 stores in Michigan and Ohio to its closures. Twelve of the companies are […]

Kinzinger on close Virginia race: 'Would you rather have dysentery or the flu?'

Former Rep. Adam Kinzinger (R-Ill.) criticized the two candidates in the Republican primary for Virginia’s 5th Congressional District, saying their choice was like choosing “between dysentery and the flu.” “The way I look at it, it’s like, would you rather have dysentery or the flu? So you have to choose one,” CNN contributor Kinjiner said […]

GOP primary in Virginia 5th District remains too close to call

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Nail biter in Virginia’s Fifth District GOP primary too close to call 

LYNCHBURG, Va. – Win or lose! The Republican primary in Virginia’s 5th Congressional District between Trump-backed candidate John Maguire and incumbent Rep. Bob Good (R-VA) was a close race on Tuesday night, with the two candidates separated by just 0.5 percentage points. Maguire, a state senator who former President Donald Trump endorsed last month, held […]

IRS to close ‘major’ tax loophole

The IRS and Treasury Department on Monday announced plans to eliminate major tax loopholes exploited by wealthy taxpayers, a move that is expected to raise as much as $50 billion over the next decade. The plan targets so-called “partnership basis shifting,” transactions that allow companies or individuals to increase deductions and minimize liabilities by operating […]

IRS unveils plan to close tax loophole for pass-through businesses – CNBC

IRS Commissioner Danny Wuerfel testifies before the House Appropriations Committee in Washington, DC on May 7, 2024. Kevin Dietsch | Getty Images The U.S. Treasury Department and the IRS on Monday announced a plan to “close significant tax loopholes” exploited by large, complex partnerships that could raise an estimated $50 billion or more in tax […]

FAA investigating Southwest flight that came close to crashing into the ocean

The Federal Aviation Administration (FAA) is investigating the Southwest Airlines plane that crashed into the ocean off the coast of Hawaii. The crash occurred on April 11th on Southwest Airlines Flight 2766. Bloomberg reported Southwest Airlines sent a memo to its pilots about the incident. According to Bloomberg, the plane was descending at more than […]