Oct 16 Rite Aid files for bankruptcy amid financial losses, opioid-related lawsuits By Tom Murphy, Elaine Kurtenbach, Associated Press The drugstore chain said late Sunday it also has obtained $3.45 billion in fresh financing from some of its lenders. That will help support the company through its voluntary Chapter 11 process. Continue reading
Oct 15 Analysis: The potential global impact of California’s new corporate climate disclosure laws By Lily Hsueh, The Conversation The legislation is a major leap from current federal and state reporting requirements, which require reporting of only certain emissions from companies’ direct operations. Continue reading
Oct 13 U.S. oil production hits all-time high, conflicting with efforts to curb climate change By Seth Borenstein, Associated Press United States domestic oil production has hit an all-time high last week, contrasting with efforts to slice heat-trapping carbon emissions by the Biden administration and world leaders. Continue reading
Oct 13 Call of Duty and Warcraft studio Activision Blizzard now part of Microsoft By Jake Valentine, Wealth of Geeks The United States Federal Trade Commission held a hearing but ultimately approved the acquisition. Continue reading
Oct 12 X has taken down hundreds of Hamas-linked accounts, CEO says. An expert thinks it’s not enough By Kelvin Chan, Associated Press The head of Musk's social media platform X says the company formerly known has Twitter has removed hundreds of Hamas-linked accounts and taken down or labeled tens of thousands of pieces of content since the militant group's attack on Israel. Continue reading
Oct 12 Social Security recipients will get over $50 more per month on average in 2024 By Fatima Hussein, Associated Press This year's 8.7 percent benefit increase was brought on by record 40-year-high inflation, which pushed up the price of consumer goods. With inflation easing, the next annual increase is markedly smaller. Continue reading
Oct 12 September’s U.S. consumer inflation eased slightly as price pressures cool By Christopher Rugaber, Associated Press Still, on a month-to-month basis, prices are still rising faster than is consistent with the Fed’s 2 percent target. Continue reading
Oct 11 Labor movements are seeing historic victories this year. Can unions keep up the momentum? By Wyatte Grantham-Philips, Associated Press From auto production lines to Hollywood, the power of labor unions is back in the national spotlight. But despite historic strikes and record contract negotiations seen this year, there's still a lot stacked against organizing today. Continue reading
Oct 11 Wholesale inflation in U.S. rose 2.2 percent in September, biggest year-over-year gain since April By Paul Wiseman, Associated Press U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates. Continue reading
Oct 11 Finland police investigate undersea gas pipeline leak as possible sabotage By Associated Press Finland's National Bureau of Investigation, or NBI, says it has started gathering evidence at the location of the leak, which was detected Sunday on the Balticconector pipeline connecting the two NATO allies. Continue reading