Category Archives: Business
Prosecutors seek ‘very substantial’ prison time for Avenatti
NEW YORK (AP) — Prosecutors urged a judge Wednesday to impose a “very substantial” prison sentence on Michael Avenatti for trying to extort millions of dollars from Nike.
Alaska Legislature passes budget with funding holes
JUNEAU, Alaska (AP) — The Alaska Legislature approved a state spending package following a series of dramatic votes in the Senate on Wednesday and impassioned speeches highlighting the tensions over the annual dividend paid to residents and the frayed ...
Editors of Hong Kong newspaper arrested under security law
HONG KONG (AP) — Hong Kong police used a sweeping national security law Thursday to arrest five editors and executives of a pro-democracy newspaper on charges of colluding with foreign powers — the first time the legislation has been used
Mistrial declared in case of University of Tennessee prof
KNOXVILLE, Tenn. (AP) — A federal judge declared a mistrial Wednesday in the case of a former University of Tennessee researcher charged with hiding his relationship with a Chinese university while receiving research grants from the federal government....
N.L.’s troubled Terra Nova offshore oilfield saved by last-minute restructuring
CALGARY — The beleaguered Terra Nova oilfield off the coast of Newfoundland and Labrador could live to pump another day after its owners reached a restructuring agreement in the eleventh hour Wednesday. The oilfield's seven owners will shuffle their sh...
Senators press Interior Secretary Haaland on oil lease pause
WASHINGTON (AP) — Both Republican and Democratic senators pressed Interior Secretary Deb Haaland for answers Wednesday after a federal court blocked the Biden administration’s suspension of new oil and gas leases on federal lands and waters.
DOJ sues to block AON’s $30B acquisition of Willis Towers
WASHINGTON (AP) — The Biden administration has sued to block the merger of two of the world's largest insurance brokers, asserting the deal could eliminate competition, raise prices and hamper innovation for U.S. businesses, employers and unions that u...
Report calls for airlines to refund passengers for flights halted due to COVID-19
OTTAWA — Better protections for the rights of air travellers, immediate refunds for customers and more monetary relief for airlines and airports are some of the recommendations in a parliamentary committee’s report on the air industry’s recovery from t...
Business Highlights: Fed’s time frame, stock market’s dip
___ Fed sees faster time frame for rate hikes as inflation rises
Colorado pot tax hike proponents get bipartisan endorsements
DENVER (AP) — A coalition that wants to ask Colorado voters to approve higher taxes on recreational marijuana to help children make up for learning losses during the pandemic and address special needs for low-income and disadvantaged students said Wedn...
