Rite Aid seeks Chapter 11 bankruptcy protection as it deals with lawsuits and losses
Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits.
Ex-FTX exec was ‘horrified’ last year when he learned of $13 billion shortfall
NEW YORK — A former FTX executive and onetime billionaire testified against the cryptocurrency exchange’s founder, Sam Bankman-Fried, on Monday at his fraud trial, saying his admiration for him faded as he watched excessive spending on investments, property and celebrities precede a $13 billion shortfall that left him feeling “blindsided and horrified.”
Sony’s Access controller for the PlayStation aims to make gaming easier for people with disabilities
SAN MATEO, Calif. — Paul Lane uses his mouth, cheek and chin to push buttons and guide his virtual car around the “Gran Turismo” racetrack on the PlayStation 5. It’s how he’s been playing for the past 23 years, after a car accident left him unable to use his fingers.
More Americans support striking auto workers than car companies, an AP-NORC poll shows
A majority of Americans support higher pay for auto workers who are on strike against Detroit’s Big Three carmakers, although approval of the workers’ other demands is more mixed, according to a poll from The Associated Press-NORC Center for Public Affairs Research.
What Google’s antitrust trial means for your search habits
If government regulators prevail against Google in the biggest U.S. antitrust trial in a quarter century, it’s likely to unleash drastic changes that will undermine the dominance of a search engine that defines the internet for billions of people.
Auto workers escalate strike as 8,700 workers walk out at Ford Kentucky Truck Plant in Louisville
DETROIT — The United Auto Workers union significantly escalated its strikes against Detroit’s Three automakers Wednesday when 8,700 workers walked off their jobs at Ford’s Kentucky truck plant.
The Amazon antitrust lawsuit is likely to be a long and arduous journey for the FTC
NEW YORK — Amazon is heading into one of its biggest sales events of the year — Prime Day — with a lawsuit hanging over its head that accuses it of preventing sellers from hawking their merchandise at lower prices on other sites.
The future of electric vehicles looms over negotiations in the US autoworkers strike
WAYNE, Mich. — On the picket lines at a Ford factory west of Detroit, many striking workers don’t think the electric vehicle revolution is coming for their jobs — at least not in the near future.
Schools’ pandemic spending boosted tech companies. Did it help US students?
WASHINGTON — As soon as the federal pandemic relief started arriving at America’s schools, so did the relentless calls.
An app shows how ancient Greek sites looked thousands of years ago. It’s a glimpse of future tech
ATHENS, Greece — Tourists at the Acropolis this holiday season can witness the resolution of one of the world’s most heated debates on cultural heritage.
Berkshire Hathaway’s Charlie Munger gives $40 million in stock to California museum
OMAHA, Neb. — Billionaire investor Charlie Munger, who’s been Warren Buffett’s right-hand man for more than five decades, has made a $40 million gift to a California museum that he’s supported in the past.
Black businesses call for Buy Black movement to evolve past ‘virtue signaling’ to lasting change
MINNEAPOLIS — Jessica Winnie had hoped her MN Black Box would become a viable subscription service for those who wanted to regularly sample products from Black-owned businesses.
From Coke floats to Cronuts, going viral can have a lasting effect on a small business
NEW YORK — The Lexington Candy Shop in New York City has served burgers, fries and shakes to hungry patrons for decades. Last remodeled in 1948, the diner is the definition of old-fashioned.
Workers at Mack Trucks reject tentative contract deal and will go on strike early Monday
DETROIT — Union workers at Mack Trucks have voted down a tentative five-year contract agreement reached with the company and plan to strike at 7 a.m. today, the United Auto Workers union says.
Auto workers stop expanding strikes against Detroit Three after GM makes battery plant concession
DETROIT (AP) — The United Auto Workers union said Friday it will not expand its strikes against Detroit’s three automakers after General Motors made a breakthrough concession on unionizing electric vehicle battery plants.
A surge of hiring in September defies predictions, pointing to US job market’s enduring resilience
WASHINGTON — An unforeseen burst of hiring last month has lifted hopes that the economy will prove durable once again, even as an array of threats lie ahead.
Health care workers picket outside US hospitals in multiple states, kicking off 3-day strike
Editor’s note: The Kaiser Permanente strike mentioned below will not affect the state of Hawaii, although “there will be additional worker actions in solidarity with the … workers” this week, according to a spokesperson for the Kaiser union coalition
Shares in Scandinavian Airlines plunge to become almost worthless after rescue deal announced
COPENHAGEN, Denmark — Shares in Scandinavian Airlines dropped more than 90% on Wednesday after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased.
Inside scientists’ mission to save America’s wine industry from climate change
ALPINE, Ore. — The U.S. West Coast produces over 90% of America’s wine, but the region is also prone to wildfires — a combustible combination that spelled disaster for the industry in 2020 and one that scientists are scrambling to neutralize.
US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection
WASHINGTON — The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged.
