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Dec. 5, 2022

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Top exec at pharmacy in deadly meningitis outbreak sentenced

December 2, 2022, 7:41am Business

A former co-owner of a Massachusetts compounding pharmacy at the center of a nationwide fungal meningitis outbreak that resulted in more than 100 patient deaths has been sentenced to a year in prison for conspiring to defraud the federal government. Read story

FILE - Kanye West arrives at the Vanity Fair Oscar Party on Feb. 9, 2020, in Beverly Hills, Calif. The rapper Ye, formerly known as Kanye West, is no longer buying right-leaning social media site Parler, the company said Thursday, Dec. 1, 2022.

Musk says Twitter has suspended rapper Ye over swastika post

FILE - Kanye West arrives at the Vanity Fair Oscar Party on Feb. 9, 2020, in Beverly Hills, Calif. The rapper Ye, formerly known as Kanye West, is no longer buying right-leaning social media site Parler, the company said Thursday, Dec. 1, 2022.

December 2, 2022, 7:41am Business

Twitter has suspended rapper Ye after he tweeted a picture of a swastika merged with the Star of David. Read story

FILE - Freight train cars sit in a Norfolk Southern rail yard on Sept. 14, 2022, in Atlanta. The Biden administration is saying the U.S. economy would face a severe economic shock if senators don't pass legislation this week to avert a rail worker strike. The administration is delivering that message personally to Democratic senators in a closed-door session Thursday, Dec. 1.

Rail strike to be averted: Biden to sign bill

FILE - Freight train cars sit in a Norfolk Southern rail yard on Sept. 14, 2022, in Atlanta. The Biden administration is saying the U.S. economy would face a severe economic shock if senators don't pass legislation this week to avert a rail worker strike. The administration is delivering that message personally to Democratic senators in a closed-door session Thursday, Dec. 1.

December 2, 2022, 7:41am Business

President Joe Biden is signing a bill Friday to avert a freight rail strike that he said could have plunged the U.S. into recession. Read story

U.S. hiring stayed strong in November despite Fed rate hikes

December 2, 2022, 7:40am Business

The nation’s employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in the face of the Federal Reserve’s aggressive interest rate hikes. Read story

FILE - This undated artist rending provided by the U.S. Air Force shows a U.S. Air Force graphic of the Long Range Strike Bomber, designated the B-21. (U.S.

Pentagon debuts its new stealth bomber, the B-21 Raider

FILE - This undated artist rending provided by the U.S. Air Force shows a U.S. Air Force graphic of the Long Range Strike Bomber, designated the B-21. (U.S.

December 2, 2022, 7:39am Business

America’s newest nuclear stealth bomber is making its public debut after years of secret development and as part of the Pentagon’s answer to rising concerns over a future conflict with China. Read story

Seattle-area company allegedly compromised data of 3.7 million people

December 1, 2022, 5:17pm Business

A Lynnwood-based debt-collection company has been sued for compromising the names and Social Security information of more than 3.7 million individuals in a data breach in April 2021. Read story

FILE - Trump Organization's former Chief Financial Officer Allen Weisselberg, center, arrives to court on Nov. 15, 2022, in New York. Closing arguments are slated for Thursday, Dec. 1, in Donald Trump's company's criminal tax fraud case. Prosecutors and defense lawyers say those could take seven hours or more. Those projections speak to the complexity of the case, which stems from longtime Trump Organization finance chief Weisselberg's 15-year scheme to avoid taxes on company-paid perks including an apartment and luxury cars.

Trump Organization tax case wraps up with closing arguments

FILE - Trump Organization's former Chief Financial Officer Allen Weisselberg, center, arrives to court on Nov. 15, 2022, in New York. Closing arguments are slated for Thursday, Dec. 1, in Donald Trump's company's criminal tax fraud case. Prosecutors and defense lawyers say those could take seven hours or more. Those projections speak to the complexity of the case, which stems from longtime Trump Organization finance chief Weisselberg's 15-year scheme to avoid taxes on company-paid perks including an apartment and luxury cars.

December 1, 2022, 1:15pm Business

Donald Trump’s company “cultivated a culture of fraud and deception” by lavishing luxe perks on executives and falsifying records to hide the compensation, a prosecutor told jurors Thursday during closing arguments at the Trump Organization’s criminal tax fraud trial. Read story

Wall Street ends mixed in an uneven start for December

December 1, 2022, 1:12pm Business

A day of wobbly trading on Wall Street ended Thursday with a mixed finish for stocks and bond yields broadly lower after the government reported that a measure of inflation that’s closely watched by the Federal Reserve eased in October. Read story