President Joe Biden's visit to a computer chip factory in Bay City, Michigan, continues his push for his economic agenda. The South Korean company, SK Siltron, is planning a $300 million expansion that could quadruple its production in the coming years. A White House official says the Democr…
The British government has abandoned a plan to force tech firms to remove internet content that is harmful but legal, a proposal that drew strong criticism from lawmakers and civil liberties groups. The U.K. has watered down the Online Safety Bill, an ambitious but controversial attempt to …
Global shares are mostly higher as jitters over protests in China about its stringent anti-COVID policies fade. Hong Kong's benchmark gained 5.2% and most other markets in Europe and Asia advanced. U.S. futures edged higher. Oil prices rose more than $1 per barrel. China's economy has been s…
With police out in force, there was no word of additional protests against strict government anti-pandemic measures Tuesday in Beijing, as temperatures fell well below freezing. Shanghai, Nanjing and other cities where online calls to gather had been issued were also reportedly quiet. Rallie…
South Korea’s government has ordered some of the thousands of truck drivers who have been on strike to return to work, insisting that their nationwide walkout over freight fare issues is hurting an already weak economy. Despite facing the threat of delicensing or even prison terms, the strik…
The contractor killed in a construction accident Friday at a NIPSCO substation in Cedar Lake has been identified.
Teachers Credit Union, the largest credit union in Indiana, has provided most of its employees a $2,000 inflation fighter bonus.
The South Shore Line operator's Board of Trustees approved a $6 million contract Monday with the firm DLZ to do engineering work necessary to move the South Bend International Airport station from the airport terminal's east side to its west side.
Asian shares are trading mostly higher as market jitters decline over protests in China set off by growing public anger over COVID-19 restrictions. Benchmarks rose in early trading in Australia, South Korea and China, while shares fell in Japan. Oil prices fell. Japanese government data showed that the unemployment rate for October was unchanged from September at 2.6%, while the available jobs per job seeker increased. China's economy has been stifled by a “zero COVID” policy which includes lockdowns that continually threaten the global supply chain. Stocks fell broadly on Wall Street.
The Michigan City Chamber of Commerce is now seeking nominations for its annual awards.
Cleveland-Cliffs hiked prices on hot-rolled, cold-rolled and coated steel products.
President Joe Biden is calling on Congress to pass legislation to intervene and block a railroad strike before next month’s deadline in the stalled contract talks. Biden said Monday that a tentative agreement approved in September provided a pay raise for workers, protected their health care benefits and improved their leave policy. House Speaker Nancy Pelosi said lawmakers will take up legislation to impose those terms this week. If Congress acts, it will end the negotiations between four rail unions that rejected their deals and the railroads. Eight other rail unions have ratified their deals that include 24% raises and $5,000 in bonuses.
The Interior Department has proposed rules to limit methane leaks from oil and gas drilling on public lands. It's the latest action by the Biden administration to crack down on emissions of methane, a potent greenhouse gas that contributes significantly to global warming. The proposal Monday by Interior’s Bureau of Land Management would tighten limits on gas flaring on federal land and require energy companies to better detect methane leaks. The actions follow a methane-reduction plan announced by President Joe Biden earlier this month. The plan targets the oil and gas industry for its role in global warming even as the president has pressed energy producers for more oil drilling.
Construction of the 39,000 square foot outpatient clinic is in response to growing demand for affordable medical care from uninsured and underinsured people.
The Federal Trade Commission and a handful of states announced settlements Monday with Google and iHeartMedia over misleading radio advertisements about a cellphone. It stems from complaints that Google paid to have radio personalities endorse and talk about their personal experience using the Pixel 4, even though many of them hadn't used the phone. California Attorney General Rob Bonta says the ads ran more than 23,000 times across 10 media markets. Google will pay $9 million. iHeartMedia, the largest owner of radio stations in the country, will pay $400,000. Arizona, Georgia, Illinois, Massachusetts, New York and Texas are also involved in the case.
Biden calls on Congress to impose tentative agreement on railroads, workers to avoid 'potentially crippling' shutdown.
Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation. Adobe Analytics, which tracks transactions for top online retailers, forecasts Cyber Monday will remain the year’s biggest online shopping day and rake in up to $11.6 billion in sales. Some analysts expect the amount of items consumers purchase could remain unchanged - or even fall - compared to prior years. And profit margins are expected to be tight for retailers offering deeper discounts to attract budget-conscious consumers and clear out their bloated inventories.
The defense has rested at the Trump Organization’s criminal tax fraud trial after a contentious day in court, putting the case involving former President Donald Trump’s real estate empire on track for deliberations next week. Trump Organization lawyers contend that Manhattan prosecutors are seeking to punish the company for longtime finance chief Allen Weisselberg’s scheme to avoid personal income taxes on company-paid perks, such as an apartment and luxury cars. The defense rested Monday and closing arguments are scheduled for Thursday and Friday, with jurors expected to begin deliberating next Monday, Judge Juan Manuel Merchan said. Prosecutors said they might spent four or five hours summarizing the case for jurors. Defense lawyers said they’ll likely need up to four hours.
The British government has abandoned a plan to force tech firms to remove internet content that is harmful but legal after the proposal drew strong criticism from lawmakers and civil liberties groups. The U.K. on Monday watered down its Online Safety Bill, an ambitious but controversial attempt to crack down on online racism, sexual abuse, bullying, fraud and other harmful material. In its original form, the bill gave regulators wide-ranging powers to sanction digital and social media companies like Google, Facebook, Twitter and TikTok. Critics expressed concern that a requirement for the biggest platforms to remove “legal but harmful” content could undermine free speech. The Conservative government of Prime Minister Rishi Sunak has now dropped that part of the bill.
The mother of one of 19 children killed in the school shooting in Uvalde, Texas, has filed a federal lawsuit against police, the school district and the maker of the gun used in the massacre. Sandra Torres filed the lawsuit Monday with help from the legal arm of the group Everytown for Gun Safety. It's part of a new legal push nationally to hold firearms makers accountable in mass shootings despite federal laws that grant broad immunity by focusing on marketing. The CEO of Georgia-based Daniel Defense has called the shooting “evil” but has distanced the weapon from the shooting.
A Delaware judge has halted a lawsuit filed by basketball legend Julius Erving against a brand-development and marketing company. The judge ruled Monday that the dispute must go to arbitration. The lawsuit stems from a 2016 deal in which the Hall of Fame player known as “Dr. J” agreed to sell a majority interest in his trademark and other intellectual property to Authentic Brands Group. According to court records, ABG promised to grow Erving’s brand through new licensing agreements, promotional appearances, and other marketing opportunities. Erving alleges that ABG has failed to devote adequate resources to grow the “Dr. J” brand and has focused instead on more profitable brands.
Real estate platform ZeroDown looked at Census Bureau data to see how much revenues states collect in property taxes each year.
Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX. New Jersey-based BlockFi had been struggling for much of this year, but was given a lifeline this summer in the form of an FTX line of credit. FTX’s own bankruptcy, however, all but sealed BlockFi’s financial fate. BlockFi suspended withdrawals after FTX’s failure, and it had hired bankruptcy specialists in recent days. BlockFi was one of several crypto currency lenders to pop up in recent years. The company gave loans to customers using their crypto assets as collateral.
A funeral has been held for former North Carolina state Cabinet secretary and U.S. ambassador Dave Phillips. His wife told a newspaper that Phillips died Nov. 20 after a short battle with cancer. Phillips built several businesses in textiles and finance. Phillips was a state Board of Transportation member in the 1980s. Democratic Gov. Jim Hunt later picked him to be his commerce secretary. And Republican President George W. Bush appointed Phillips in 2007 to serve as U.S. ambassador to Estonia. Phillips was also chairman of the successful effort to bring the Special Olympics World Games to North Carolina in 1999. Phillips' funeral was Monday.
Fidelity Charitable, the nation’s largest grantmaker, is getting into NFTs or nonfungible tokens despite a torrent of bad news about cryptocurrency companies. NFTs are digital images that are registered on the blockchain. In a raffle that will end Tuesday, participants can claim one of the NFTs. Fifty people will also win $1,000 to donate through a donor advised fund at Fidelity. Donor advised funds allow donors to claim a tax credit for charitable donations before they actually make a donation to an eligible nonprofit. Amy Pirozzolo, head of donor engagement for Fidelity Charitable, said they are running the promotion to reach a new generation of potential philanthropists.
While all industry sectors saw increases in their self-employment rates when compared to pre-pandemic levels, some industries and occupations have much higher rates of self-employment than others—and these industry differences also create regional differences. Researchers ranked metros and s…
With the holidays right around the corner, taxes might be the last thing on your mind. But a little bit of preparation now could make a big difference come April.…
The mass shooting Wednesday at a Walmart in Virginia is only the latest example of a workplace shooting perpetrated by an employee. Many companies have active shooter training. But experts say there is much less focus on how to prevent workplace violence. Workers too often don’t know how to recognize warning signs and co-workers. More crucially, they often don’t know how to report suspicious behavior or feel empowered to do so, according to workplace safety and human resources experts. One expert said too often attention is focused on the “red flags” and workers should instead be looking for the “yellow flags” — subtle changes in behavior, like increased anger or not showing up for work.