Month December 2024

Volkswagen, employee representatives reach wage deal after tough negotiations

Volkswagen’s employee representatives said Friday they have reached a wage deal that wards off management proposals for plant closings in Germany and bars involuntary layoffs through 2030.

For some FSA dollars, it’s use it or lose it at year’s end

A big shopping deadline is drawing near for some people, and it has nothing to do with the holidays.

Wall Street leaps and halves its losses from what had been a dismal week

U.S. stocks are rallying Friday to more than halve their losses in what had been one of their worst weeks of the year.

California regulators vote to delay closure of gas storage facility, site of worst U.S. methane leak

California regulators have approved a controversial proposal to delay the closure of the Aliso Canyon Natural Gas Facility, the site of the nation’s largest known methane leak, which forced thousands of families from their Los Angeles homes in 2015.

U.S. proposes voluntary guidelines for self-driving vehicles in waning days of Biden administration

In the waning days of President Joe Biden’s administration, the government’s highway safety agency is proposing voluntary safety guidelines for self-driving vehicles.

Big Lots conducts going-out-of-business sales after sale of company falls through

Discount chain Big Lots is conducting going-out-of-business sales at its remaining locations after a sale of the company didn’t materialize.

JPMorgan Chase, Wells Fargo, Bank of America facing federal lawsuit over Zelle payment network fraud

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws.

Party City going out of business after four decades

Party City CEO Barry Litwin told the company’s employees in a video meeting Friday that it would be their last day of work and that the chain was winding down operations immediately.

Biden administration withdraws pending regulations on transgender athletes, student debt

President Joe Biden is abandoning his efforts to provide some protections for transgender student athletes and cancel student loans for more than 38 million Americans, the first steps in an administration-wide plan to jettison pending regulations to prevent President-elect Donald… Continue Reading →

U.S. wins ruling in a trade dispute with Mexico over genetically modified corn

The United States won a ruling on Friday in a trade dispute with Mexico, which had sought to ban imports of genetically modified corn for human consumption.

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