President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into election politics. A national security review by a Treasury Department committee failed to reach a consensus on the deal last month and deferred the final decision to the president. ...
Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins. Gene-Christian Baca, the owner of Walter’s Hot Dogs in Mamaroneck and White Plains, New York, estimated that he now pays $50,000 a year in costs associated ...
Vail Resorts shares have dropped in recent weeks as a labor dispute roiled one of America’s most prominent skiing destinations. The Park City Professional Ski Patrol Association, a union representing patrollers at the Utah mountain of the same name, went on strike late last month. The work stoppage has spurred complaints of long lines, closures and delays on social media from ...
Disney will combine its Hulu+ Live TV service with Fubo, merging together two internet TV bundles, the companies announced on Monday. Disney will become majority owner of the resulting company — the publicly traded Fubo company — with a 70% ownership stake. Fubo shareholders will own the remaining 30% of the company. The deal is expected to close in 12 to 18 ...
As New Orleans prepares to kick off its extravagant Carnival season this week, the city is asking for federal help in ensuring there is not a repeat of the horrific truck-ramming that killed 14 people early on New Year’s Day. President Joe Biden is set to visit on Monday and is expected to hear directly from Mayor LaToya Cantrell and ...
Russia may be close to sharing advanced satellite technology with North Korea after the isolated nation supplied troops to help bolster Moscow’s war in Ukraine, United States Secretary of State Antony Blinken warned Monday. “The DPRK is already receiving Russian military equipment and training. Now, we have reason to believe that Moscow intends to share advance space and satellite technology ...
A woman who worked as a hairstylist for Fox Sports alleges in a lawsuit that former host Skip Bayless made repeated, unwanted advances toward her — including an offer of $1.5 million to have sex with him. Attorneys for Noushin Faraji, who was a hair stylist at Fox for more than a decade, are seeking unspecified damages from Bayless, Fox ...
A Chinese filmmaker was due to stand trial Monday over his documentary about China’s nationwide protests against Covid lockdowns in late 2022, as Beijing seeks to erase public memories of stunning scenes of dissent against its handling of the pandemic. The vaguely worded charge is commonly used by the Chinese government to silence dissent and target activists, lawyers and journalists. ...
Millions of Americans from the Ohio Valley to the mid-Atlantic are bracing for a wintry Monday with heavy snowfall, ice, rain and storms, which are forecast to disrupt morning commutes, delay the start of school, and snarl airline schedules across the East Coast. Meanwhile, the nation’s eyes will be focused on Washington, DC, Monday as the US House and Senate ...
Hideki Matsuyama carded the lowest-ever 72-hole score in the history of the PGA Tour on Sunday, shooting an astonishing 35-under to win The Sentry in Kapalua, Hawaii. Matsuyama’s record total eclipsed Cameron Smith’s 34-under at the same event in 2022 as the Japanese star finished three shots ahead of American Collin Morikawa to claim the 11th title of his career. ...