U.S. Bancorp recorded better than expected results for the third quarter, benefiting from a solid uptick in income from loans while expenses and credit losses fell.

The results — like those of several industry peers including JPMorgan Chase — handily beat Wall Street estimates.

Net interest income, which is the difference between expenses ...Read more

Boston Mayor Michelle Wu told the City Council that she won’t compromise on her plan to raise commercial tax rates to provide relief to homeowners as the body prepares to tee up a hearing on alternative proposals later in the week.

Wu sent a letter to city councilors Tuesday, outlining drastic reductions she says would have to be made to key ...Read more

Meat producer BrucePac is recalling nearly 10 million pounds of meat and poultry products sold at Trader Joe's, Target, Kroger and other retailers because they might be contaminated with listeria.

The U.S. Department of Agriculture's Food Safety and Inspection Service announced the sweeping recall last week. It includes hundreds of ready-to-eat...Read more

Alyssa Bauder was just learning how to read, but she had already memorized the colors of food packaging that spelled danger for her: peanuts. The 6-year-old knew to stay away from chocolate dressed in orange or blue and yellow wrappers.

Then everything got bungled on Valentine’s Day. Her first grade class exchanged handfuls of candy all ...Read more

3M isn’t out to compete with Apple or Beats, but the company’s new solar-powered, noise-reducing, Bluetooth-equipped headset might interest audiophiles as much as avid woodworkers.

For about $170, 3M’s new WorkTunes headset boasts many of the same specs as high-end headphones for half the price, plus a solar cell that charges the unit. ...Read more

I’ve been an iPhone user since the original iPhone.

Heck, I was in the audience when Steve Jobs introduced the world to the iPhone.

After the unforgettable introduction, all of us who attended Macworld in 2007 marched over to the Apple booth on the floor of the Moscone Center in San Francisco.

There were no iPhones to play with, only two ...Read more

As retailers jockey for customers both online and in stores for yet another competitive holiday shopping season, Target has made a big play by teaming up with pop singer Taylor Swift to offer exclusive merchandise on Black Friday.

The Minneapolis-based retailer will release a book that gives a behind-the-scenes look at the singer’s ...Read more

As assembly lines clanked inside Saint-Gobain’s factory in Social Circle, the CEO of the France-based company that makes housing construction materials recently strolled through and spelled out what’s driving his company’s expansion in Georgia.

“We are investing in our capacity here because the market is growing,” said Benoit Bazin, ...Read more

Meta Platforms Inc. must face a lawsuit by dozens of state attorneys general alleging it knowingly contributed to a youth mental health crisis by getting kids hooked on social media.

A federal judge in California on Tuesday sided with 34 attorneys general in allowing some of the claims over Meta’s Facebook and Instagram platforms to proceed ...Read more

Delta Air Lines said it is revamping the interiors of aircraft cabins across its fleet with new colors and lighting.

It will include mood lighting for different phases of the flight and new seats with darker colors and memory foam cushions in Comfort+ and economy seats on wide-body jets.

The interior flourishes are an attempt by Delta to ease ...Read more

Boeing expects “substantial new losses” in the company’s defense business in the coming months as experts warn it should brace for cuts, including among its military aircraft production — and 16,700 jobs — in the St. Louis region.

The company announced Friday it will dramatically slash its total workforce by about 10%, or about 17,000...Read more

Walgreens Boots Alliance plans to close 1,200 of its stores over the next three years, as it grapples with continued financial losses, the company announced Tuesday.

About 500 of those stores will close in fiscal year 2025. The Deerfield, Illinois-based company now has more than 8,000 U.S. stores, meaning it plans to close about 14% of its ...Read more

Performers union SAG-AFTRA and the major gaming companies are returning to the bargaining table for the first time since video game actors went on strike in July.

The Screen Actors Guild-American Federation of Television and Radio Artists and the game developers released a joint statement on Tuesday announcing that the parties are set to resume...Read more

Salisbury, Maryland, residents have filed a class action lawsuit against a Perdue Farms subsidiary over PFAS contamination found in groundwater on its site.

The federal lawsuit, filed Friday in the U.S. District Court of Maryland, alleges that Perdue AgriBusiness was reckless in its disposal of PFAS-containing wastewater, causing the ...Read more

One of downtown Los Angeles' familiar tenants is pulling up stakes as the office rental market continues to contract from shrinking occupancy stoked by the pandemic.

Financial services firm Wedbush Securities has begun its move from a prominent office tower to Pasadena, where it will occupy much smaller offices meant to accommodate employees...Read more

Two top Kroger Co. executives took the stand Monday in the Denver District Court antitrust trial seeking to block the grocer’s $24.6 billion merger with Albertsons Cos., arguing the combination is key to competing with Walmart and will not harm Colorado consumers.

“We are maniacally focused on Walmart and their pricing. For 20 years we have...Read more

Colorado residents have formed a record number of new businesses this decade, especially after the state reduced the filing fee for new limited liability companies or LLCs to $1 in the summer of 2022.

The fee holiday, however, also triggered a surge in fraud, as evidenced by a lawsuit against one individual who registered more than 15,000 new ...Read more

Biden administration officials have discussed capping sales of advanced AI chips from Nvidia Corp. and other American companies on a country-specific basis, people familiar with the matter said.

The approach would set a ceiling on export licenses for certain countries in the interest of national security, according to the people, who described ...Read more

Tucked between the onslaught of Donald Trump and Kamala Harris ads flooding Michigan’s airwaves ahead of the U.S. election is a six-figure TV blitz that, on the surface, has nothing to do with politics. Rather, the 30-second spots are aimed at convincing swing-state voters of the merits of buying electric vehicles.

“Forget the political ...Read more