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Boeing’s CFO says business ‘in difficult position’: Read memo to employees

Boeing shares slipped on Monday as the planemaker grapples with an ongoing strike and a ballooning threat to its bottom line.  Chief Financial Officer Brain West, in a letter to employees, outlined the risks facing the company while also announcing a hiring freeze as well as a delay in pay hikes for salaried workers.  Read

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Trump Media stock jumps after former president says he won’t sell his shares

Shares of Trump Media and Technology Group surged on Friday after former President Trump vowed not to sell his stock in the company. Trump Media is the parent company of Trump’s Truth Social, and the former president told reporters at his California golf club on Friday afternoon that he was keeping his shares in the

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Walgreens to pay $106.8M over claims it billed government for prescriptions never dispensed

Walgreens Boots Alliance has agreed to pay a $106.8 million fine to settle allegations the pharmacy chain billed federal health care programs for prescriptions that were never filled. The Department of Justice announced Friday an agreement with Walgreens had been reached to resolve the government’s claims that the company violated the False Claims Act and

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Looking for a job? These 5 states have most competition

Job-hunting in the current labor market can be a daunting prospect, especially as other candidates pursue the same openings.  Competition has ramped up this year as LinkedIn job listings in all 50 states have seen increases in the number of candidates seeking consideration for roles, Resume.io reported in a new study. The study determined the

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Boeing workers vote to strike after contract negotiations rejected by members

Factory workers at Boeing will walk off the job Friday after members voted late Thursday evening in favor of a strike, according to a report. “This is about respect, this is about addressing the past, and this is about fighting for our future,” said Jon Holden, who headed the negotiations for International Association of Machinists

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Grayscale to launch first US XRP trust, paving way for potential ETF

Exclusive: Crypto asset manager Grayscale is taking the first step in launching an XRP exchange-traded fund, FOX Business has learned. On Thursday morning, the company will announce the launch of the U.S.’s first XRP trust, a so-called “closed-end” fund that will offer accredited investors direct exposure to XRP. The crypto token is the native coin

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Another restaurant chain files for Chapter 11 bankruptcy

The number of restaurant chains that have filed for bankruptcy this year grew Wednesday after BurgerFi International filed for Chapter 11 protection. The company said it filed for Chapter 11 reorganization to “preserve the value” of its BurgerFi and Anthony’s Coal Fired Pizza & Wings brands “for all stakeholders.” Only its corporate-owned BurgerFi and Anthony’s

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Stocks swing after inflation data, Harris-Trump debate

U.S. stocks saw big swings Wednesday as investors toggled between the Federal Reserve’s looming interest rate cut and the race for the White House following the high-stakes debate between Vice President Kamala Harris and former President Trump.  The Dow Jones Industrial Average recovered a good portion of its 600-plus point drop by mid-afternoon, as did

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Campbell Soup to make historic name change

The Campbell Soup Company is looking to make a historic change to its iconic brand name. The company intends to take on the name The Campbell’s Company “as part of its evolution and transformed portfolio,” it said Tuesday. “The subtle yet important change retains the company’s iconic name recognition, reputation and equity built over 155

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Bank of America ups minimum hourly pay to $24

Bank of America increased its pay for hourly workers in the U.S. to $24. The new rate, announced Tuesday by the North Carolina-based bank, represents a $1-per-hour increase for all full- and part-time hourly Bank of America workers in the U.S.  Its minimum hourly wage for such roles has been $23 since October of last

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