1.5M Gree Dehumidifiers Under Recall After Reports of Fire, Overheating
More than 1.5 million Gree dehumidifiers are under recall following reports of nearly two dozen fires, according to U.S. Consumer Product Safety Commission.
New Jersey Orders the Closure of 27 Boston Market Restaurants Over Unpaid Wages, Related Worker Issues
State labor officials have temporarily shut down more than two dozen Boston Market restaurants in New Jersey after finding multiple violations of workers’ rights.
Judge Declines to Approve Hyundai/Kia Auto-Theft Settlement
A federal judge on Wednesday declined to approve a proposed settlement in a class-action lawsuit prompted by a surge in Hyundai and Kia vehicle theft, saying it fails to provide “fair and adequate” relief to vehicle owners.
Air Force Awards JetZero $235M to Build Blended-Wing Plane
U.S. Air Force will invest $235 million to help a start-up manufacturer build a jet with a blended-wing body.
Unemployment Claims Fall, Labor Market Continues to Show Resilience
Applications for unemployment claims fell again last week and remain at an encouraging level in the face of high interest rates and inflation.
US Escalates Trade Dispute With Mexico Regarding Genetically Modified Corn
The U.S. government said Thursday it is requesting a dispute settlement panel in its row with Mexico over limits on genetically modified corn.
Why Does The Federal Reserve Keep Raising Interest Rates?
While there has been consistent pushback from the left and the right to slow down inflation, the central bank still asserts that rate hikes are still needed.
Bank of Ireland Glitch Allows Customers to Withdraw Money They Don’t Have
Some customers of Bank of Ireland were able to withdraw money they do not have Tuesday and early Wednesday, after a technical glitch that also halted the bank's online service.
Aldi to Acquire 400 Winn-Dixie, Harveys Groceries in Southern US
Aldi said the deal supports its long-term growth strategy in the U.S., where it expects to have 2,400 stores by the end of this year.
$5.4B International Chip Deal with Intel Off After China Review Delay
A $5.4 billion acquisition of Israeli chip manufacturer by Intel has been called off after China failed to sign off on the deal amid rising tensions with the United States.
Limited Retail Growth Expected Ahead of Holiday Season
The holiday season may be a few months away but the retail sector is ramping up. NEWSnet Business Reporter Andy Hirschfeld explains what expects forecast in months to come.
5-Hour ENERGY Owner Expands Media Investments
Manoj Bhargava, the founder of 5-hour ENERGY®, becomes majority owner in the Arena Group and iMedia.
United Auto Workers to Vote Next Week on Strike Authorization With Detroit 3
Members of the United Auto Workers union will vote next week whether to authorize their leaders to call strikes against the Detroit automakers, whose UAW contracts expire Sept. 14.
HP Fails to Derail Claims it Disables Scanners When Device Ink Runs Low
HP has failed to dispel class-action legal claims that it disables scanners on its multifunction printers when the equipment ink runs low; and pending action will proceed.
Hawaii Becomes Most Expensive State to Live
NEWSnet business reporter Andy Hirschfeld explains where the cheapest and most expensive place to live are.
