National Business - The Morning Sun

Boeing's CEO got compensation worth nearly $33 million last year but lost a $3 million bonus

Exclusive subscriber content

Boeing CEO David Calhoun is getting compensation valued at $33 million for last year, nearly all of it in stock awards. But the company said Friday that the CEO declined a bonus of nearly $3 million … more

By The Associated Press | 4/5/24

FILE - Jacques Elsair shops at a 99 Cents Only Store, on Sept. 8, 200, in Los Angeles. California-based 99 Cents Only Stores announced it will close all 371 of its outlets effective Friday, April 5, 2024, the company said, ending a 42 year retail run of selling nothing but items priced just under a dollar. (AP Photo/Nick Ut, File)

California-based 99 Cents Only Stores is closing down, citing COVID, inflation and product theft

Exclusive subscriber content

California-based 99 Cents Only Stores says it will close all 371 of its outlets effective Friday. The shuttering ends the chain's 42-year run of selling an assortment of bargain-basement merchandise. … more

By DAVID HAMILTON | 4/5/24

P&G recalls 8.2 million bags of Tide, Gain and other laundry detergents over packaging defect

Exclusive subscriber content

Procter & Gamble is recalling more than 8 million bags of Tide, Gain, Ace and Ariel laundry detergent packets sold in the U.S. and Canada. That's because there's a defect in the products’ … more

4/5/24

Atlantic City casino workers hold signs during a rally in Trenton N.J., Friday, April 5, 2024, after the United Auto Workers and casino workers filed a lawsuit challenging New Jersey's clean indoor air law that exempts casino workers from its protections. (AP Photo/Wayne Parry)

Workers sue to overturn law that exempts Atlantic City casinos from indoor smoking ban

Exclusive subscriber content

For three years, many Atlantic City casino workers have been trying to get their elected officials to ban smoking in the gambling halls, to no avail. Now they're taking their fight to court. The … more

By WAYNE PARRY | 4/5/24

FILE- In this Feb. 14, 2017, file photo, employees do assembly and quality control work on automobiles at the Mercedes-Benz plant in Tuscaloosa, Ala. A majority of workers at the plant near Tuscaloosa, are calling for a vote to join the United Auto Workers union. According to the UAW, Friday, April 5, 2024, the Mercedes workers have filed a petition with the National Labor Relations Board for the vote. (Gary Cosby Jr./The Tuscaloosa News via AP, File)

Mercedes workers at an Alabama plant call for union representation vote

Exclusive subscriber content

A majority of workers at a Mercedes-Benz plant near Tuscaloosa, Alabama, are calling for a vote to join the United Auto Workers union, which is on a drive to sign up non-union plants across the … more

4/5/24

In this frame grab taken from a footage released, Friday, April 5, 2024, by the Italian Carabinieri, paramilitary police press office, showing a workshop where leathergoods were being made in northern Italy. Underpaid and exploited Chinese workers working for an unauthorized subcontractor made handbags and accessories for the Giorgio Armani fashion house that was contracted through a subsidiary that did not properly monitor conditions, Italian police said in a statement Friday. The Giorgio Armani fashion house denied abuses by GA Operations, which produces Giorgio Armani fashion collections. (Italian Carabinieri Via AP)

Giorgio Armani bags were produced by exploited Chinese workers near Milan, Italian police say

Exclusive subscriber content

Italian police say that underpaid and exploited Chinese laborers working for an unauthorized subcontractor made handbags and accessories for the Giorgio Armani fashion house. They say there was a … more

By COLLEEN BARRY | 4/5/24

Investors pushing for fatter yields on mortgage-backed securities may undercut easing mortgage rates

Exclusive subscriber content

Mortgage rates are expected to come down later this year, but any benefit to homebuyers could be muted by developments in the market for financial instruments tied to mortgages. Over the last couple … more

By ALEX VEIGA | 4/5/24

FILE - The sun sets behind an idle pump jack near Karnes City, Texas, April 8, 2020. The U.S. Securities and Exchange Commission paused on Thursday, April 4, 2024, the implementation of its new climate disclosure rule while it defends the regulation in court. (AP Photo/Eric Gay, File)

Amid legal challenges, SEC pauses its climate rule

Exclusive subscriber content

The U.S. Securities and Exchange Commission on Thursday said it would pause the implementation of its new climate disclosure rule while it defended the regulation in court. Wall Street’s top … more

By SUMAN NAISHADHAM | 4/5/24

Environmental Protection Agency Administrator Michael Regan speaks during the Society of Environmental Journalists conference in Philadelphia on Friday, April 5, 2024. (AP Photo)

EPA head Regan defends $20B green bank: 'I feel really good about this program'

Exclusive subscriber content

The head of the Environmental Protection Agency on Friday defended a new $20 billion federal “green bank” program. EPA Administrator Michael Regan said it will finance projects to combat climate … more

By MATTHEW DALY | 4/5/24

J&J to pump another $13B into its MedTech business with Shockwave deal

Exclusive subscriber content

Johnson & Johnson is pumping more money into heart care with a roughly $13 billion deal for Shockwave Medical, which specializes in technology that helps open clogged arteries. The health care giant … more

By TOM MURPHY | 4/5/24

FILE - Residents of Jerusalem mingle inside and outside of the city's downtown McDonald's fast food restaurant Friday Aug. 16, 2002. McDonald’s is buying its restaurants in Israel from a longtime franchisee, hoping to reset sales that have slumped due to boycotts in the region. (AP Photo/David Guttenfelder, File)

McDonald's buys its Israeli restaurants from franchisee who sparked costly boycotts

Exclusive subscriber content

McDonald’s is buying its restaurants in Israel from a longtime franchisee, hoping to reset sales that have slumped due to boycotts in the region. The Chicago-based burger giant said Friday it will … more

By DEE-ANN DURBIN | 4/5/24

Russia is attacking Ukraine’s energy sector with renewed intensity and alarming accuracy, signaling to Ukrainian officials that Russia is armed with better intelligence and fresh tactics in its campaign to annihilate the country’s power generation capacity. (AP Video: Vasilisa Stepanenko)

Russia renews big attacks on Ukrainian power grid using better intelligence and new tactics

Exclusive subscriber content

Russia is renewing its strikes on Ukraine's energy system. Ukrainian officials, energy workers and analysts say Moscow is using more missiles and better intelligence to strike the electrical grid … more

By SAMYA KULLAB | 4/5/24

People pass by posters of candidates running for the upcoming parliamentary election in Seoul, South Korea, Wednesday, April 3, 2024. As South Koreans prepare to vote for a new 300-member parliament next week, many are choosing their livelihoods and other domestic topics as their most important election issues. This represents a stark contrast from past elections, which were overshadowed by security and foreign policy issues like North Korean nuclear threats and the U.S. security commitment.(AP Photo/Ahn Young-joon)

South Korea election issues: Green onions, striking doctors, an alleged sexist jab at a candidate

Exclusive subscriber content

As South Koreans prepare to vote for a new 300-member parliament next week, many are choosing their livelihoods and other domestic topics as their most important election issues. This represents a … more

By HYUNG-JIN KIM and KIM TONG-HYUNG | 4/5/24

Treasury Secretary Janet Yellen, left, shakes hands with Jens Eskelund, president of the European Union Chamber of Commerce in China, as she arrives at the Business Leaders Roundtable meeting at Baiyun International Conference Center (BICC) in southern China's Guangdong province, Friday, April 5, 2024. Yellen has arrived in China for five days of meetings in a country that's determined to avoid open conflict with the United States. (AP Photo/Andy Wong, Pool)

US Treasury Secretary Yellen meets foreign business leaders in China ahead of trade talks

Exclusive subscriber content

The U.S. treasury secretary has started her trip to China with a morning meeting with American, European and Japanese business representatives in the world’s second-largest economy. Janet Yellen … more

4/4/24

FILE - People in the arrivals area at Heathrow Airport in London, Jan. 26, 2021. The British government says it will grant extensions to several large U.K. airports unable to meet the June 1 deadline to fully install new scanning technology that would have allowed passengers to take two liters (70 ounces) of liquid in their hand luggage — rather than the current paltry 100 milliliters (3.5 ounces). (AP Photo/Matt Dunham, File)

UK airports get more time to put in new scanners that will allow more liquids and packed laptops

Exclusive subscriber content

The British government will grant extensions to several large U.K. airports unable to meet the June 1 deadline to fully install new scanning technology. The new scanners will allow passengers to take … more

By PAN PYLAS | 4/4/24

Voters enter the Ellis County Woman's Building during the state's primary election, Tuesday, March 5, 2024, in Waxahachie, Texas. (Shafkat Anowar/The Dallas Morning News via AP)

Election vendor hits Texas counties with surcharge for software behind voter registration systems

Exclusive subscriber content

A California-based vendor of election services is charging several Texas counties tens of thousands of dollars in additional fees. The requests from VOTEC have led the counties to discuss their … more

4/4/24

Republican presidential candidate former President Donald Trump takes the stage before speaking Tuesday, April 2, 2024, at a rally in Green Bay, Wis. (AP Photo/Mike Roemer)

NY is state demanding more information on Trump's $175 million appeal bond in civil fraud case

Exclusive subscriber content

New York state lawyers are demanding more information on the bona fides of the $175 million bond that former President Donald Trump posted to block the imminent collection of a huge civil fraud … more

By JENNIFER PELTZ | 4/4/24

FILE - Former President Donald Trump sits in the courtroom before the start of closing arguments in his civil business fraud trial at New York Supreme Court, Jan. 11, 2024, in New York. Records show over the past two years, Axos Bank and its largest individual shareholder Don Hankey, have extended more than $500 million in financing that has benefited Trump. Ethics experts say they could also grant Hankey and Axos Bank outsize sway in a future Trump administration. (AP Photo/Seth Wenig, Pool, File)

When Trump needs cash, a California bank and one of its top shareholders have come to the rescue

Exclusive subscriber content

Donald Trump left the White House facing a cash crunch that threatened his business empire. But soon a new source stepped forward to provide a financial lifeline. Records show Axos Bank, as well as … more

By BRIAN SLODYSKO | 4/4/24

Hits for sale: Notable artists who have had their music catalogs sell for big money

Exclusive subscriber content

Kiss agreed to sell their catalog, brand name and IP to Swedish company Pophouse in a deal estimated to be over $300 million. They’re the latest to participate in an ongoing trend of blockbuster … more

Associated Press | 4/4/24

FILE - A traveler walks through the Southwest ticketing counter area at the Los Angeles International Airport in Los Angeles, April 18, 2023. Federal officials said Thursday, April 4, 2024, that they are investigating a Southwest Airlines flight that veered off course and flew close to the air traffic control tower at LaGuardia Airport last month. (AP Photo/Jae C. Hong, File)

FAA is investigating a Southwest Airlines flight that came close to the tower at LaGuardia Airport

Exclusive subscriber content

Federal officials are investigating whether a Southwest Airlines flight veered off course and flew over the air traffic control tower at LaGuardia Airport last month. The Federal Aviation … more

4/4/24