A judgment ordering Oberlin College to pay $25 million to a local business after it sued the college for libel following a shoplifting incident involving three Black students will stand. The Ohio Supreme Court on Tuesday said it would not take up an appeal of the judgment against Oberlin College …
Read More »Rich Americans hide “billions” offshore thanks to tax loophole, Senate panel finds
A gaping hole in U.S. tax laws is allowing the rich to stash billions offshore in foreign bank accounts, according to lawmakers. While the law requires Americans to report any foreign bank accounts and pay taxes on all income earned, not all of them do, and a 12-year-old law designed …
Read More »What $100 is worth these days versus 3 years ago
Red-hot inflation may finally be showing signs of cooling, but around the U.S. the cost of living is still soaring. Consumer prices last month rose 8.5% from the same time a year ago, the Labor Department reported last week. While that figure may be lower than economists expected, it represents yet another turn …
Read More »Home Run Inn recalls 13,000 pounds of frozen pizza after metal complaints
Home Run Inn is recalling more than 13,000 pounds of frozen meat pizza after consumer complaints of metal in the Chicago-style pies, federal food safety officials said on Sunday. The recall involves Home Run Inn Chicago’s Premium Pizzeria Deluxe Sausage Classic Pizza made on June 6, 2022, with a best-by …
Read More »Stocks close mostly lower Friday after strong jobs data offers good, bad news for investors
Stocks swung lower Friday following a blockbuster report on hiring in July which offered both good and bad news for Wall Street. The S&P 500 was 0.2% lower after recovering from an earlier loss of 1.1%. U.S. employers added hundreds of thousands more jobs than expected last month, suggesting the economy …
Read More »Jobless claims at 8
The number of Americans collecting jobless benefits last week is at its highest level since November, a sign the labor market is cooling as the Federal Reserve tries to lower inflation by slowing economic growth. Applications for jobless aid for the week ending July 30 rose by 6,000 to 260,000, …
Read More »JetBlue buys Spirit for $3.8 billion, forming nation’s fifth
JetBlue is buying Spirit Airlines for $3.8 billion, creating the nation’s fifth-largest airline. The agreement, announced Thursday, comes a day after Spirit’s attempt to merge with Frontier Airlines fell apart. JetBlue will acquire Spirit for $33.50 per share in cash, including a prepayment of $2.50 per share in cash payable …
Read More »Daily Harvest identifies likely culprit behind hundreds of illnesses
Daily Harvest says investigators believe one ingredient is to blame for gastrointestinal issues that sickened hundreds of people and prompted the recall of the food company’s French Lentil + Leek Crumbles in June. “At this time, we have identified tara flour as the cause of the issue,” Rachel Drori, founder …
Read More »Twitter sues to force Musk to complete his $44B acquisition of the platform
Twitter said Tuesday it has sued Elon Musk to force him to complete the $44 billion acquisition of the social media company. Musk and Twitter have been bracing for a legal fight since the billionaire said Friday he was backing off of his April agreement to buy the company. According …
Read More »Delta offers passengers almost $10,000 to switch flights: report
A passenger with a ticket on an oversold Delta flight said he and other passengers were offered $10,000 to give up their seats and travel at a later date, according to a report in Inc. magazine. Inc. tech columnist Jason Aten said he and his family recently traveled on a Delta …
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