Boeing's CEO got compensation worth nearly $33 million last year but lost a $3 million bonus
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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 …
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By The Associated Press
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4/5/24
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California-based 99 Cents Only Stores is closing down, citing COVID, inflation and product theft
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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. …
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By DAVID HAMILTON
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4/5/24
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P&G recalls 8.2 million bags of Tide, Gain and other laundry detergents over packaging defect
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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’ …
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4/5/24
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Workers sue to overturn law that exempts Atlantic City casinos from indoor smoking ban
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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 …
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By WAYNE PARRY
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4/5/24
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Mercedes workers at an Alabama plant call for union representation vote
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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 …
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4/5/24
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Giorgio Armani bags were produced by exploited Chinese workers near Milan, Italian police say
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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 …
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By COLLEEN BARRY
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4/5/24
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Investors pushing for fatter yields on mortgage-backed securities may undercut easing mortgage rates
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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 …
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By ALEX VEIGA
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4/5/24
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Amid legal challenges, SEC pauses its climate rule
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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 …
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By SUMAN NAISHADHAM
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4/5/24
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EPA head Regan defends $20B green bank: 'I feel really good about this program'
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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 …
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By MATTHEW DALY
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4/5/24
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J&J to pump another $13B into its MedTech business with Shockwave deal
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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 …
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By TOM MURPHY
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4/5/24
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McDonald's buys its Israeli restaurants from franchisee who sparked costly boycotts
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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 …
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By DEE-ANN DURBIN
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4/5/24
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Russia renews big attacks on Ukrainian power grid using better intelligence and new tactics
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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 …
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By SAMYA KULLAB
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4/5/24
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South Korea election issues: Green onions, striking doctors, an alleged sexist jab at a candidate
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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 …
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By HYUNG-JIN KIM and KIM TONG-HYUNG
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4/5/24
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US Treasury Secretary Yellen meets foreign business leaders in China ahead of trade talks
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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 …
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4/4/24
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UK airports get more time to put in new scanners that will allow more liquids and packed laptops
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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 …
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By PAN PYLAS
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4/4/24
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Election vendor hits Texas counties with surcharge for software behind voter registration systems
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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 …
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4/4/24
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NY is state demanding more information on Trump's $175 million appeal bond in civil fraud case
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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 …
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By JENNIFER PELTZ
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4/4/24
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When Trump needs cash, a California bank and one of its top shareholders have come to the rescue
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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 …
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By BRIAN SLODYSKO
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4/4/24
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Hits for sale: Notable artists who have had their music catalogs sell for big money
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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 …
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Associated Press
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4/4/24
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FAA is investigating a Southwest Airlines flight that came close to the tower at LaGuardia Airport
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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 …
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4/4/24
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