Sunday, 5 May 2024

Business

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First Republic Bank Enters New Free Fall as Concerns Mount

First Republic Bank’s stock closed down 50 percent Tuesday, a day after a troubling earnings report and a conference call with analysts in which the company’s executives refused questions. The speed of the decline set off a series of volatility-induced trading halts by the New York Stock Exchange. On Monday, after the close of regular […]

Fox’s settlement with Dominion unlikely to cost it $787.5M

Fox Corp.’s $787.5 million settlement with Dominion Voting Systems over defamation charges is eye-popping, but the ultimate cost to the media company is likely to be much lower. On Tuesday, Fox settled with Dominion over charges that Fox News baselessly accused the company of rigging its voting machines against former President Donald Trump in 2020. […]

America’s Inflation Antihero Gets a Makeover

The years have not been kind to Arthur Burns, who led the Federal Reserve from 1970 to 1978 and is often remembered as perhaps the worst chair ever to head America’s central bank. His poor policy decisions, critics say, allowed inflation in the 1970s to jump out of control. Chris Hughes thinks he deserves another […]

Pikes Peak summit builder GE Johnson accused by city of shoddy work

The City of Colorado Springs is countersuing the company that built a visitor center atop Pikes Peak, accusing it of doing shoddy work on a parking lot and wastewater system. GE Johnson, which is based in Colorado Springs and also built its U.S. Olympic Committee headquarters, was paid $60 million to bulldoze a summit house […]

Judge Imposes Sanction on Fox for Withholding Evidence in Defamation Case

WILMINGTON, Del. — The judge overseeing Dominion Voting Systems’ lawsuit against Fox News said on Wednesday that he was imposing a sanction on the network and would very likely start an investigation into whether Fox’s legal team had withheld evidence, scolding the lawyers for not being “straightforward” with him. The rebuke came after lawyers for […]

Judge Limits Fox’s Options for Defense in Dominion Trial

WILMINGTON, Del. — A judge ruled on Tuesday that Fox News could not argue that it broadcast false information about Dominion Voting Systems on the basis that the allegations were newsworthy, limiting a key line of defense for the network as it faces the beginning of a potentially costly defamation trial next week. The judge, […]

Fox News Settles Defamation Case With Venezuelan Businessman

Fox News and one of its former hosts, Lou Dobbs, have settled a defamation suit with a Venezuelan businessman whom the network linked to voting-system fraud in the 2020 election. In a letter filed on Saturday to a federal judge in the Southern District of New York, the parties said they had reached a confidential […]

6 Tips for Better Meetings

Steven G. Rogelberg, a professor at the University of North Carolina at Charlotte and the author “The Surprising Science of Meetings,” has thought a lot about meetings, good and bad. “I think for the longest time organizations just believed bad meetings were the cost of doing business and, therefore, there was no appetite to think […]

Latest Jobs Data Hints at a Slowdown That President Biden Needs

Gradually slowing job gains and a growing labor force in March delivered welcome news to President Biden, nearly a year after he declared that the job market needed to cool significantly to tame high prices. “This is a good jobs report for hard-working Americans,” Mr. Biden said in a written statement on Friday morning. But […]

Colorado utilities look at joining Southwest Power Pool’s new market

Xcel Energy, Blacks Hills Energy and Tri-State Generation and Transmission are among the utilities in Colorado participating in the initial phase of developing a regional marketplace for wholesale electricity. The Southwest Power Pool, a regional transmission organization, said Tuesday that 31 utilities and organizations have signed agreements to explore creating the marketplace in the West. […]