MillerCoors and Pabst Brewing Co. settled a lawsuit Wednesday in which the hipster’s brand of choice claimed the bigger brewer lied about its ability to continue brewing Pabst’s beers to put that company out of business. The settlement came as ...
Read More »Former Centene employee awarded $2.1M in damages
A Jackson County judge on Tuesday awarded $525,449 in front pay to a woman who alleged in a lawsuit that Centene Corp. and AcariaHealth Pharmacy Inc. fired her for refusing to unlawfully submit Medicaid services for reimbursement, bringing her total ...
Read More »New-home sales plunged 8.9 percent in October
Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009. The Commerce Department said Wednesday that new homes sold at a ...
Read More »Fed: Some businesses’ debt at highest level in 2 decades
American corporations have elevated their debt loads to potentially risky levels, the Federal Reserve said Wednesday in a report that raised concerns about the financial system 10 years after the 2008 crisis erupted. The Fed’s report was its first assessing ...
Read More »Retailers aim to pick up business from defunct, dying rivals
Toys R Us and Bon-Ton may be gone, though they haven’t been forgotten. Companies such as Target and online mattress company Casper are creating playbooks to pick up market share that those and other defunct or dying retailers left behind. ...
Read More »Home prices rise more slowly amid weaker sales
U.S. home prices increased more slowly in September from a year ago as higher mortgage rates weighed on sales. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 5.1 percent from a year earlier. That’s down from a ...
Read More »Consumer confidence slips in November, yet stays strong
U.S. consumer confidence slipped this month, although it remains strong. The Conference Board, a business research group, said Tuesday that its consumer-confidence index fell to 135.7 in November from October’s 18-year high 137.9. The index measures consumers’ assessment of current ...
Read More »Justices skeptical of Apple in case about iPhone apps’ sales
The Supreme Court seemed ready Monday to allow a lawsuit to go forward that claims Apple has unfairly monopolized the market for the sale of iPhone apps. The court heard arguments in Apple’s effort to shut down an antitrust lawsuit. ...
Read More »Taxes may be a bigger part of online shopping this season
Shoppers heading online to purchase holiday gifts will find they’re being charged sales tax at some websites where they weren’t before. The reason: the Supreme Court. A June ruling gave states the go-ahead to require more companies to collect sales ...
Read More »GM to slash 14,700 jobs in North America
General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. The reduction includes 8,100 white-collar ...
Read More »Businesses must learn new tax law or pay the price in 2019
Small-business owners who don’t take time to understand the new tax law may be in for a painful filing season next spring. While accountants and tax attorneys always recommend owners review their finances and meet with tax professionals well before ...
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