Category Archives: Economy
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...
Report: Income losses let Manhattan DA candidate avoid taxes
NEW YORK (AP) — Manhattan district attorney candidate Tali Farhadian Weinstein and her husband, a hedge fund manager, paid no federal income taxes in four recent years because they reported negative income from investment losses or used deductions to r...
Ohio House expels former Republican speaker in historic vote
COLUMBUS, Ohio (AP) — Members of the Ohio House expelled Rep. Larry Householder, the federally indicted Republican ex-speaker, Wednesday in a bipartisan vote that invoked their powers to remove a member for the first time in 150 years.
Biden signals equity focus with new AmeriCorps leader choice
President Biden plans to nominate Michael Smith to lead AmeriCorps, sending a strong signal of an intent to focus on racial equity at the organization.
