The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace in the next two years. By late 2019, the Fed says its key policy rate ...
Read More »Detaining immigrant kids is now a billion-dollar industry
Detaining immigrant children has morphed into a surging industry in the U.S. that now reaps $1 billion annually — a tenfold increase over the past decade, an Associated Press analysis finds. Health and Human Services grants for shelters, foster care ...
Read More »Feds: Kentucky coal-mine supervisors cheated on dust samples
Eight former supervisors and safety officers at a Kentucky coal company were indicted Wednesday on federal charges that they rigged dust monitoring in underground mines, forcing miners to work in the kind of dirty conditions that can lead to black ...
Read More »Pfizer reorganizes to handle aging consumers and patents
The drugmaker Pfizer, facing an aging population and shifting risks from the loss of patents, is reshaping its structure into three businesses. The divisions, announced Wednesday, include Innovative Medicines, which will focus on biological science and a new hospital-medicines business. ...
Read More »Former NBA player Washington sentenced for charity fraud
Former NBA player Kermit Washington has been sentenced in Kansas City to six years in federal prison for spending hundreds of thousands of dollars in charity donations on vacations, shopping sprees and plastic surgery for his girlfriend. The U.S. Attorney’s ...
Read More »American workers’ willingness to quit hits 17-year high
The proportion of American workers that quit their jobs in May reached the highest level in 17 years, a sign that more people are confident they can find a new job, likely at higher pay. Businesses also advertised fewer jobs ...
Read More »Interest rates highest in decade at weekly Treasury auction
Interest rates on short-term U.S. Treasury bills rose in Monday’s auction to their highest levels in a decade. The Treasury Department auctioned $48 billion in three-month bills at a discount rate of 1.945 percent, up from 1.940 percent last week. ...
Read More »Kansas City firm picked for $169M Chicago industrial park
The city of Chicago has announced plans for a $169 million industrial complex on the Southeast Side that it hopes will serve as a Midwest epicenter for transportation and logistics. A Sunday statement from Mayor Rahm Emanuel’s office says Kansas ...
Read More »Starbucks, citing ocean threat, is ditching plastic straws
Starbucks will eliminate plastic straws from all of its locations within two years, citing the environmental threat to oceans. The coffee chain becomes the largest food-and-beverage company to do so as calls to cut waste globally grow louder. While plastic ...
Read More »Six Flags waterslide injury highlights lax regulation
No government officials conducted a safety inspection of a new waterslide at Six Flags St. Louis before a woman said she suffered whiplash last month from the force of the “Typhoon Twister” that featured a five-story drop and a “45-foot ...
Read More »How should businesses respond to bad reviews?
A bad review can easily damage the reputation of a small business. Failing to address negative social-media and online posts could make it worse. Yelp.com recently won a case in California where an aggrieved law firm tried to force it ...
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