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Boeing raises $21 Billion in capital to repair balance sheet
Boeing Co. raised around $21 billion in an expanded share sale, one of the largest ever by a public company, shoring up its balance sheet as it seeks to stave off a potential credit rating downgrade to junk.
The U.S. planemaker sold 112.5 million common shares for $143 each, according to a statement. The stock was priced at a discount of about ...Read more
Landlords pile 'junk fees' on Colorado renters, sometimes adding hundreds to advertised prices
Franklin Ramirez felt duped.
When he moved to Denver a little more than a year ago, he was told monthly rent at his two-bedroom, two-bathroom apartment in the downtown Civic Lofts building cost $2,355.
Then came the monthly fees.
Ramirez pays nearly $25 a month for “valet trash,” in which someone collects garbage outside the apartment ...Read more
Target, Walmart lower prices this year with competing Thanksgiving meal deals
With a month until Turkey Day arrives, Walmart, Target and grocery chains are already putting Thanksgiving meal food and supplies on sale.
Earlier this month, Walmart boasted its “inflation-free” turkey and sides will be less expensive than last year, with turkeys starting at 88 cents a pound and dinner costing less than $7 per person.
On ...Read more
Can Ameren's newly shuttered coal plant in Missouri find new life? Other coal sites have
Ameren’s second-largest coal plant has put its last electricity onto the grid and emitted its final plumes of air pollution, which has fueled a years-long court battle — a conflict that is still unresolved, as parties weigh how the St. Louis-based utility should pay for the harm caused.
But after its closure earlier this month, the Rush ...Read more
Trump vs. Harris: How tariff policy impacts your portfolio
Tariffs have been a political economic talking point throughout the 2024 presidential election.
Although former president Donald Trump and vice president Kamala Harris offer different campaign proposals, the Republican and Democratic parties have both leveraged tariffs in recent years in an attempt to safeguard American manufacturers against ...Read more
Social Security benefits in 2025: 5 big changes retirees should plan for
If you’re retired or planning to retire soon, it’s important to have a plan for your retirement income. For most people, Social Security will play a significant role in this plan, so staying up to date on the latest benefits information is crucial.
The Social Security Administration (SSA) recently announced several key changes to the ...Read more
Hormel sells pioneering business that makes specialized food for people with medical conditions
Hormel is selling its medical foods business nearly four decades after pioneering the category with thickeners in pureed foods and drinks.
California-based Lyons Magnus announced last week it acquired Hormel Health Labs for an undisclosed sum to complement its existing line of nutrition shakes and easy-to-swallow meals.
The newly minted Lyons ...Read more
Will Newsom's expanded tax credit program save California's film industry?
Amid mounting pressure from Hollywood to bring production and entertainment jobs back to California, Gov. Gavin Newsom unveiled plans Sunday to significantly raise the annual cap on the state’s film and TV tax incentive program.
During a news conference held at Hollywood’s Raleigh Studios and attended by Los Angeles Mayor Karen Bass, as ...Read more
J&J's $8.2 billion talc settlement faces January court test
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
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
State Farm accused of funneling excess profits to parent as it seeks rate hike
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
Medicare benefits in 2025: 4 big changes every enrollee should know
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
Study: Care for one infant costs at least 10% of a family's yearly income in 48 states
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'
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
Eat-mor-content: Chick-fil-A to release original shows, podcasts
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
Lithium is Nevada's future. US workers tour state's hot spots
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
Motormouth: Hands on the wheel
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
Cyberattack at UnitedHealth subsidiary Change Healthcare affected 100M Americans
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
UAW holding strike authorization vote for GM Indiana truck plant
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
Microsoft CEO Satya Nadella's pay rose to almost $80 million for 2024
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
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