US Business
Smithfield Foods Closing California Plant, Citing State’s High Costs
The U.S.’s largest hog processor by volume says it isn’t worth doing business in the state due to rising inflation and the regulatory environment.
Articles by Erin Slifka
US Business
Luxury Brands Are Making Watches Even Fewer People Can Afford
The Swiss watch industry is moving ever further upmarket, boosting its revenue as brand owners target rich consumers and try to differentiate their products from the Apple Watch and other wearable tech.
US Business
Food Prices to Keep Going Up, as Costs Surge
Major U.S. food suppliers and restaurants, including Kraft, Tyson and some McDonald’s franchisees, said they would continue to raise prices as they face starkly higher costs.
US Business
Apple Goes Deeper Into Finance With Buy Now, Pay Later Offering
The tech giant will approve borrowers and fund loans itself rather than rely on a bank.
US Business
What Do Chinese Consumers Want? Walmart Can’t Figure It Out.
The hypermarket model is losing ground, local rivals do better on fast delivery, and geopolitics gives the company headaches. Then there’s the red dates problem.
US Business
Business Losses From Russia Top $59 Billion as Sanctions Hit
Nearly 1,000 Western companies plan to leave the country or cut back operations, with more write-downs expected as sanctions hit.
US Business
U.S. to Halt Covid Test Requirement for Air Travelers Coming to Country
Health officials have determined testing is no longer necessary as of Sunday based on available science and data. They will reassess the decision in 90 days.
US Business
U.S. to Pursue Rule Requiring Less Nicotine in Cigarettes
The move would require tobacco companies to reduce the nicotine in all cigarettes sold in the U.S. to minimally or nonaddictive levels, according to people familiar with the matter.
Marketing & Communications
KOAM-TV and KFJX-TV Stations to Increase Power
(Pittsburg, KS) – The Federal Communications Commission (FCC) has approved KOAM-TV and KFJX-TV (FOX 14) to increase the stations transmitter power and antenna strength. A construction permit was granted last year by the FCC and […]
US Business
Meta Scrutinizing Sandberg’s Use of Facebook Resources
The Facebook parent’s lawyers have been investigating outgoing COO Sheryl Sandberg’s use of corporate resources for personal projects going back several years, people familiar with the matter say.