Dec 08 Watch 8:14 How suburban zoning rules are stifling development and causing rents to spike By Paul Solman, Sam Weber The cost of housing has risen dramatically over the last several years, helping drive levels of inflation not seen in decades. One key factor is that in many places, building has not kept up with demand. The suburban counties of… Continue watching
Dec 08 WATCH: Biden announces release of nearly $36 billion to aid pensions of union workers By David A. Lieb, Seung Min Kim, Associated Press The federal aid is intended to stop severe cuts to the retirement incomes of more than 350,000 Teamsters workers and retirees. The Biden administration says it's the largest-ever federal payment to a union pension fund. Continue reading
Dec 08 FTC challenges Facebook parent Meta’s acquisition of VR company By Barbara Ortutay, Associated Press Federal regulators opened their campaign to block Facebook parent Meta's acquisition of a virtual-reality company in a San Jose, California, courtroom. Continue reading
Dec 08 FTC sues to block Microsoft-Activision Blizzard $69 billion merger By Matt O'Brien, Associated Press The Federal Trade Commission on Thursday sued to block Microsoft's planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to its Xbox game consoles and its growing games subscription business. Continue reading
Dec 07 New York Times braces for 24-hour strike By Alexandra Olson, Associated Press The New York Times is bracing for a 24-hour walkout by hundreds of journalists and other employees. It would be the first strike of its kind at the paper in more than 40 years. Continue reading
Dec 07 Pentagon splits $9 billion cloud computer network contract between 4 firms By Tara Copp, Matt O'Brien, Associated Press Google, Oracle, Microsoft and Amazon will share in the Pentagon's $9 billion contract to build its cloud computing network. Continue reading
Dec 07 Former Theranos executive gets nearly 13 years for role in hoax By Michael Liedtke, Associated Press Balwani was convicted in July of fraud and conspiracy connected to the company's bogus medical technology that duped investors and endangered patients. Continue reading
Dec 07 Biden signs law curbing nondisclosure agreements that block victims of sexual harassment from speaking out By Michelle L. Price, Associated Press President Joe Biden has signed legislation curbing the use of confidentiality agreements that block victims of sexual harassment from speaking publicly about misconduct in the workplace. Continue reading
Dec 06 Watch 5:48 News Wrap: Congress honors police who defended U.S. Capitol during Jan. 6 attack In our news wrap Tuesday, Congress paused to honor the police who defended the U.S. Capitol against the Jan. 6 assault, the suspect in a Colorado nightclub shooting was charged with murder and hate crimes, Chinese hackers have stolen at… Continue watching
Dec 06 Watch 6:05 Largest-ever strike by higher education workers disrupts University of California classes The largest strike of the year in the U.S. and the largest strike in higher education ever is in its fourth week. The battle is playing out at the University of California over fair compensation for graduate students, teaching assistants… Continue watching