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J&J's $8.2 billion talc settlement faces January court test

Business / Business News /

The fate of Johnson & Johnson’s latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to its iconic baby powder now hinges on a high-stakes trial in January.

After months of wrangling, a federal judge in Houston early next year will decide whether J&J’s bid to quickly settle the claims with an $8.2 billion payout can...Read more

The Equal Credit Opportunity Act became law 50 years ago. Here are 6 ways it makes America better today

Business / Business News /

I am a single Black woman, and I can apply for a credit card all by myself.

Thankfully, this is an easy (and obvious) declaration for me to make today. Unfortunately, it wasn’t so long ago that things were a lot more complicated. Before 1974, it was perfectly legal for lenders to deny me credit based solely on my gender and race.

The Equal ...Read more

Daniel Gaines/Los Angeles Times/Los Angeles Times/TNS

State Farm accused of funneling excess profits to parent as it seeks rate hike

Business / Business News /

State Farm General, California's largest home insurer, is being accused of boosting the profits of its parent company at the expense of state policyholders — while claiming it's in financial distress and in need of a 30% rate hike.

The company bought hundreds of millions of dollars of excess reinsurance from parent State Farm Mutual ...Read more

Zvonkov Eugene/Dreamstime/TNS

Medicare benefits in 2025: 4 big changes every enrollee should know

Business / Business News /

Big changes are coming to Medicare in 2025, and they could make a major difference in your prescription drug costs.

Thanks to the Inflation Reduction Act, Medicare beneficiaries will see the most significant updates to the program’s drug coverage since it was first introduced in 2006.

These updates are seen as a big win for many ...Read more

Evgenii Mainagashev/Dreamstime/TNS

Study: Care for one infant costs at least 10% of a family's yearly income in 48 states

Business / Business News /

A typical week for Diana Carter, a 34-year-old entrepreneur with three kids based in Charlotte, North Carolina, and her husband, involves coordinating day care drop-offs and pick-ups for their middle child.

But that’s just the tip of the iceberg: They also homeschool their oldest son and have family stop by multiple times weekly to help care...Read more

Company pays off debts in 'random acts of kindness'

Business / Business News /

When the letter came, Sonia Wignall didn’t believe it.

Why would she? Her debt was a stress-inducing albatross on her financial health and a stain on her credit rating. And, yes, she owed that $33,000 for a good reason, as she borrowed the money when she’d been forced to cut back on work to care for her dying father. But, really, who was ...Read more

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Eat-mor-content: Chick-fil-A to release original shows, podcasts

Business / Business News /

While it isn’t outright launching a streaming service, as industry trade publications reported earlier this summer, the fast-food giant is releasing an app called Chick-fil-A Play.

Going live Nov. 18, the app will feature family-friendly animated shows, scripted podcasts and e-books, among other forms of original content, according to an ...Read more

Daniel Jacobi II/Las Vegas Review-Journal/TNS

Lithium is Nevada's future. US workers tour state's hot spots

Business / Business News /

ASH MEADOWS NATIONAL WILDLIFE REFUGE, Nevada — When Verónica Gostissa thinks of the lithium boom across the world, she sees injustice.

Back home in the Catamarca province of Argentina, lithium mines don’t take a decade to clear environmental regulations like they do in the United States. The country has been mining lithium since 1997 — ...Read more

DREAMSTIME/TNS

Motormouth: Hands on the wheel

Business / Business News /

Q: I see in a recent column you advocate holding a car steering wheel at the 3- and 9-o’clock position. As an older adult who took a driving safety class for an insurance discount, they advocate the 4- and 8-o’clock position. They said it gives optimal control and if you’re in an accident and your steering wheel airbag goes off, it’s ...Read more

Steve Niedorf/UnitedHealth Group/TNS

Cyberattack at UnitedHealth subsidiary Change Healthcare affected 100M Americans

Business / Business News /

Data recently posted on a federal website shows the cyberattack earlier this year at a UnitedHealth Group subsidiary affected 100 million patients — apparently a U.S. record.

The tally roughly matches the scope previously described by company Chief Executive Andrew Witty, who suggested during congressional testimony in May that data for 1 in ...Read more

Todd McInturf/The Detroit News/TNS

UAW holding strike authorization vote for GM Indiana truck plant

Business / Business News /

United Auto Workers Local 2209 is holding a vote on Wednesday on whether to strike General Motors Co.'s Fort Wayne Assembly Plant in Indiana that produces full-size trucks, according to a letter from the local's leadership.

The union and Detroit-based automaker have been in a tussle over the use of temporary workers to help build the profit-...Read more

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Microsoft CEO Satya Nadella's pay rose to almost $80 million for 2024

Business / Business News /

Microsoft’s financial success over the past year led to a major pay bump for CEO Satya Nadella, whose total compensation for 2024 will exceed $79 million.

Most of Nadella’s pay is wrapped up in performance-based stock awards, which are valued at $71.2 million for 2024, according to a Thursday regulatory filing. Last year, Nadella received $...Read more

Steve Niedorf/UnitedHealth Group/TNS

Report: UnitedHealth Group tops list of Medicare Advantage insurers receiving billions in questionable payments

Business / Business News /

UnitedHealth Group stood out from its peers in a new federal watchdog report that questions how Medicare Advantage insurers have used diagnosis data to boost payments from the government program for seniors by billions of dollars.

The Minnetonka-based company was the biggest recipient of the add-on funds based on “questionable” practices ...Read more

3M spinoff Solventum considers selling filtration business: report

Business / Business News /

Solventum, 3M’s health care spinoff based in Maplewood, is exploring a sale of of its purification and filtration business, The Wall Street Journal reported Thursday citing unnamed sources.

Solventum’s business segment selling purification products used in commercial spaces and homes generated $238 million in sales in the most recent ...Read more

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After filing for bankruptcy, True Value says it could lay off hundreds of workers in Illinois

Business / Business News /

Chicago-based hardware retailer True Value, which filed for Chapter 11 bankruptcy last week, could lay off nearly 900 employees in Illinois alone if the company isn’t sold during bankruptcy proceedings, it said in mandated state filings.

True Value, which has about 4,500 stores, filed for bankruptcy in federal court in Delaware on Oct. 14. In...Read more

As Machinists strike extends, Boeing is running out of runway

Business / Business News /

Boeing’s leaders have few options as they consider the potential damage of the Machinists’ rejection Wednesday of another bid to end the six-week strike.

They lack the leverage they had in the contract talks just over a decade ago.

In November 2013, the day after the Machinists delivered a resounding rejection in the first vote on a Boeing...Read more

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Boeing weighs options for troubled Starliner space program

Business / Business News /

Boeing Co. is weighing options for the future of its troubled Starliner space capsule program as part of a broad portfolio review under new Chief Executive Officer Kelly Ortberg, according to a person familiar with the matter.

The assessment is at an early stage and no decisions about divesting the Starliner program have been made, said the ...Read more

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Dock workers at East Coast ports to resume negotiations with operators

Business / Business News /

The union representing dockworkers in East Coast U.S. ports is set to return to the bargaining table with maritime employers next month, part of an arrangement reached after a three-day strike was suspended on Oct. 3.

The International Longshoremen’s Association and the group representing port operators and shipping companies said Friday that...Read more

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Auto review: 2024 Honda Odyssey Elite is the minivan for many

Business / Business News /

While the minivan is almost extinct, thanks to the dominance of the SUV, the Honda Odyssey still has a favored spot in Grasso’s Garage. The 2024 Odyssey, assembled in Lincoln, Alabama, boasts tremendous room, comfort and style.

Our 2024 Honda Odyssey Elite tester came wrapped in Lunar Silver Metallic and a gray interior. Since Honda delivered...Read more

Ford/Ford/TNS

Auto review: Versatile, eco-friendly Maverick grazes a new trail

Business / Business News /

The economical Ford Maverick of the 1970s was a wildly popular sedan — equaling Mustang sales in its first year — as rising gas prices spurred shoppers to become more fuel conscious. The $1,900 starting price at launch didn’t hurt either.

Ford dusted off the nameplate a couple of years ago and is having similar success with the new ...Read more