Wells Fargo is reactivating a hiring practice that it paused this year after a former employee revealed that it was leading managers to interview nonwhite candidates for jobs that had already been filled, according to a memo seen by The New York Times. The bank’s practice, known as its “diverse slate” policy, requires that half […]
Judge says Visa cannot escape Pornhub-related lawsuit This weekend, Judge Cormac J. Carney of the U.S. District Court of central California refused Visa’s request to be dismissed from a case that claims it conspired to help MindGeek, parent company of the website Pornhub, profit from images of child sexual abuse. Is Visa helping others make […]
The parent company of Banana Boat recalled batches of a sunscreen spray because they contained trace levels of benzene, a carcinogen, the U.S. Food and Drug Administration said. Consumers were urged to stop using the products. Edgewell Personal Care, which owns Banana Boat, issued the voluntary nationwide recall on Friday for products in three batches […]
When the largest publisher in the country, Penguin Random House, struck a deal in the fall of 2020 to acquire its rival Simon & Schuster, publishing executives and antitrust experts predicted that the merger would draw intense scrutiny from government regulators. The merger would dramatically alter the literary landscape, shrinking the number of major publishing […]
PITTSTON, Pa. — Once upon a time, when parents were scrambling to occupy their children during pandemic lockdowns, bicycles were hard to find. But today, in a giant warehouse in northeastern Pennsylvania, there are shiny new Huffys and Schwinns available at big discounts. The same goes for patio furniture, garden hoses and portable pizza ovens. […]
It’s been more than 100 days since Donald J. Trump was interviewed on Fox News. The network, which is owned by Rupert Murdoch and boosted Mr. Trump’s ascension from real estate developer and reality television star to the White House, is now often bypassing him in favor of showcasing other Republicans. In the former president’s […]
We measure the health of the economy as a whole by a few big numbers — interest rates, which the Federal Reserve raised by three-quarters of a point on Wednesday; gross domestic product, which we learned on Thursday had dropped for a second consecutive quarter; and the stock market, which has been bouncing around for […]
No boom can last forever, even for the technology industry’s most affluent companies. Investors punished the biggest tech companies earlier this year, erasing $2 trillion in market value over fears the industry would falter in the face of rising inflation and a slowing economy. But this week, as the United States reported that economic output […]
WASHINGTON — The Senate on Wednesday passed an expansive $280 billion bill aimed at building up America’s manufacturing and technological edge to counter China, embracing in an overwhelming bipartisan vote the most significant government intervention in industrial policy in decades. The legislation reflected a remarkable and rare consensus in a polarized Congress in favor of […]
Boeing reported a drop in profit and weaker revenue than analysts had expected for the second quarter, but said on Wednesday that it was close to restarting deliveries of its 787 Dreamliner plane and was on track to end the year with more cash coming into the business than out of it. The company said […]
