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Moderna Booster Shot Backed by FDA Advisory Panel

Jue, 10/14/2021 - 22:34
Vaccine experts advising the Food and Drug Administration voted, 19-0, to recommend authorization of an extra dose of Moderna’s Covid-19 shot, a key step in making booster doses available to millions more people.

What Bank Earnings From JPMorgan, Bank of America Tell Us About the U.S. Economy

Jue, 10/14/2021 - 21:15
On Wall Street, M&A is on fire, but on Main Street, loan growth is muted. Here’s what bank earnings reveal about the bigger picture.

Tight Labor Market, Supply Constraints Point to Persistent Inflation

Jue, 10/14/2021 - 20:54
Companies are holding on tightly to employees at the same time few other workers are available and prices are rising in wholesale markets facing supply constraints, both factors contributing to higher inflation.

Jana Partners Takes Stake in Macy's, Urges E-Commerce Spinoff

Jue, 10/14/2021 - 20:50
The activist investors said that a stand-alone e-commerce business would be worth a multiple of Macy’s current market value, which stood at about $7 billion Thursday after a recent rally.

Microsoft Folds LinkedIn Social Network in China

Jue, 10/14/2021 - 20:17
LinkedIn’s plans to shut down the version of its professional-networking site used in the country mark the end of the last major American social-media service operating openly there.

UnitedHealth Boosts Outlook, Sees Less Impact From Covid-19 Costs Next Year

Jue, 10/14/2021 - 19:28
The first big health insurer to post summertime results said the effect of the pandemic was offset by lower demand for elective procedures.

Pizza's Pandemic Growth Cools as Domino's Reports Sales Decline

Jue, 10/14/2021 - 18:49
The pizza maker’s same-store sales decline is its first in the U.S. in more than a decade, as the chain reduces hours and hunts for drivers.

Walgreens to Invest $5.2 Billion in VillageMD

Jue, 10/14/2021 - 18:36
The pharmacy chain plans to add doctors’ offices to hundreds of drugstores.

4.3 Million Workers Are Missing. Where Did They Go?

Jue, 10/14/2021 - 17:57
The U.S. labor shortage has hit low-paying service industries especially hard, pushing companies to adapt. Many economists expect the shortage to last years, and some think it could be permanent.

Toyota Is Accused of Using Stolen Motor Technology in Rare Lawsuit

Jue, 10/14/2021 - 15:50
A longtime Toyota supplier, Nippon Steel, alleges the car maker and a Chinese supplier, Baoshan Iron & Steel, infringed on its patent on material used in steel sheets that make up Toyota engines.

IKEA Struggles to Stock Shelves Amid Supply-Chain Woes

Jue, 10/14/2021 - 14:25
The world’s largest furniture seller said a significant share of its products are missing from store shelves around the world, with many of its flatpacks and houseware items sitting idle at warehouses waiting for trucks.

United Airlines Bets on Return of Trans-Atlantic Travel

Jue, 10/14/2021 - 14:00
Airline wants to take advantage of what it predicts will be a rapid rebound in international travel and plans to launch flights next spring to five new destinations.

LeBron James's Media Company Sells Minority Stake

Jue, 10/14/2021 - 13:30
The group of investors buying into SpringHill includes Nike, “Fortnite” creator Epic Games, RedBird Capital and Fenway Sports Group.

Boeing Runs Into Trouble With New Dreamliner Defect

Jue, 10/14/2021 - 13:00
The problem involves certain titanium parts that are weaker than they should be on 787s built over the past three years, the latest production slip-up to delay aircraft deliveries and draw increased U.S. government scrutiny.

Mass Evictions Didn't Result After U.S. Ban Ended, Despite Fears

Jue, 10/14/2021 - 11:30
When the federal moratorium expired in August, many worried hundreds of thousands of tenants would be forced out. More than six weeks later, rental aid and state and local policies have fended off the worst.

China's Factory-Gate Prices Rise at Record Pace

Jue, 10/14/2021 - 07:57
Surging prices of coal and other commodities pushed up the country’s inflation to the highest level since 1996, dimming hope it would ease globally in the near term.

Banks Weigh Alternatives to Libor Replacement as Companies Seek Longer-Term Rates

Lun, 08/16/2021 - 16:00
Lenders are looking beyond SOFR to meet corporate borrowers’ needs.

As More Children Get Infected by Delta Variant, Parents Open Up to Vaccinations

Lun, 08/16/2021 - 15:51
Once-hesitant parents are considering getting their children vaccinated as Covid-19 cases rise and schools reopen, doctors say.

Aldi to Hire 20,000 U.S. Workers in Holiday-Season Ramp-Up

Lun, 08/16/2021 - 15:48
Discount supermarket chain Aldi is hiring cashiers, stockers and associates at its more than 2,100 American stores and 25 warehouses as it prepares for holiday shopping.

Tesla's Autopilot System Is Subject of Safety Probe

Lun, 08/16/2021 - 15:12
The NHTSA said that it had identified 11 crashes since early 2018 in which a Tesla vehicle using its Autopilot system struck one or more vehicles involved in an emergency-response situation.

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