The U.S. Postal Service on Wednesday reported a financial loss for the 12th straight year, citing declines in mail volume and the costs of its pension and health care obligations, as the agency braces for a report ordered by President ...
Read More »Big question for Amazon’s 2 chosen cities: Will it pay off?
The awarding of Amazon’s second headquarters to two affluent localities has fanned intense speculation around a key question: For the winning cities, will the economic payoff prove to be worth the cost? Amazon’s decision will bring to Arlington, Virginia, and ...
Read More »PG&E sued in massive Northern California wildfire
People who lost homes in California’s deadliest and most destructive wildfire sued Pacific Gas & Electric Co. Tuesday, accusing the utility of negligence and blaming it for the fire. PG&E did not maintain its infrastructure and failed to properly inspect ...
Read More »Consumer prices increased 0.3 percent in October
Consumer prices climbed 0.3 percent in October, with higher prices for gasoline, used autos and housing contributing to the increase. The Labor Department said Wednesday that this measure of inflation has jumped 2.5 percent in the past 12 months. Adjusted ...
Read More »Utility emailed woman about problems 1 day before fire
A day before a deadly blaze destroyed a northern California town, the giant utility Pacific Gas & Electric Co. got in touch with Betsy Ann Cowley, saying the company needed access to her property because its power lines were causing ...
Read More »Amazon splits HQ between New York and northern Virginia
Amazon, which has grown too big for its Seattle hometown, said it will split its much-anticipated second headquarters between New York and northern Virginia. Each will get 25,000 jobs. In addition, the online retailer said it will open an operations ...
Read More »From Audible to Whole Foods: A look at Amazon’s empire
Amazon is hard to escape. Whether you’ve bought shoes at Zappos, picked up milk at Whole Foods or listened to an audiobook on Audible, you’ve been caught up in Amazon’s growing web of businesses. And now, Amazon’s sprawling empire will ...
Read More »Fed announces new report on financial stability
The Federal Reserve will begin issuing a new report twice a year assessing the stability of the U.S. financial system. The Fed said last week that the first report will be issued on Nov. 28. It will provide information on ...
Read More »Depressed milk prices forcing farmers out of operation
High production costs and falling commodity prices during the past four years are forcing more and more dairy farmers out of business in major dairy states, according to agribusiness experts and farm groups. “We’re seeing a significant loss of dairy ...
Read More »Pabst says MillerCoors is trying to put it out of business
Pabst Brewing Company and MillerCoors are going to trial, with hipster favorite Pabst contending that MillerCoors wants to put it out of business by ending a longstanding partnership through which it brews Pabst’s beers. The case has high stakes for ...
Read More »Another Keystone XL setback: environmental review ordered
In a setback for the Trump administration, a federal judge has blocked a permit for construction of the Keystone XL oil pipeline from Canada and ordered officials to complete an environmental review. Environmentalists and tribal groups cheered the ruling by ...
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