Wednesday, September 28, 2022
Sept. 28, 2022

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FILE - A Starbucks sign hangs outside a Starbucks coffee shop in downtown Pittsburgh on June 26, 2019.  The National Labor Relations Board says Starbucks is violating U.S. labor law by withholding pay hikes and other benefits from stores that have voted to unionize. The labor board's Seattle office filed the complaint late Wednesday, Aug. 24, 2022.  (AP Photo/Gene J.

Starbucks adapts to market changes with focus on convenience

FILE - A Starbucks sign hangs outside a Starbucks coffee shop in downtown Pittsburgh on June 26, 2019.  The National Labor Relations Board says Starbucks is violating U.S. labor law by withholding pay hikes and other benefits from stores that have voted to unionize. The labor board's Seattle office filed the complaint late Wednesday, Aug. 24, 2022.  (AP Photo/Gene J.

September 23, 2022, 11:00am Business

Starbucks’ unveiling of new stores and more efficient automated machines earlier this month marked the 51-year-old company’s definitive shift in focus from community building to convenience. Read story

A woman walks by a bank's currency advertisement board in Seoul, South Korea, Friday, Sept. 23, 2022. Asian stocks fell for a third day Friday after more rate hikes by the Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession.

Global markets fall sharply on worries about rates, economy

A woman walks by a bank's currency advertisement board in Seoul, South Korea, Friday, Sept. 23, 2022. Asian stocks fell for a third day Friday after more rate hikes by the Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession.

September 23, 2022, 9:35am Business

Stocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes. Read story

FILE - In this Jan. 25, 2011 file photo, the Boeing Company logo on the property in El Segundo, Calif. Boeing says aircraft deliveries are the strongest it has seen since March 2019. Boeing said Tuesday, July 12, 2022 that it delivered 51 passenger and cargo planes in June, as airlines continued to see a recovery in demand for travel.

Boeing will outsource more corporate jobs to India

FILE - In this Jan. 25, 2011 file photo, the Boeing Company logo on the property in El Segundo, Calif. Boeing says aircraft deliveries are the strongest it has seen since March 2019. Boeing said Tuesday, July 12, 2022 that it delivered 51 passenger and cargo planes in June, as airlines continued to see a recovery in demand for travel.

September 23, 2022, 9:31am Business

Boeing told nonunion corporate staff in an all-hands virtual meeting this month that it will begin outsourcing finance and accounting jobs to Tata Consultancy Services of India. Read story

FILE - Sen. Raphael Warnock, D-Ga., speaks to reporters at the Capitol in Washington, July 26, 2022. Warnock of Georgia is urging the U.S. Treasury secretary to consider "maximum flexibility" for automakers and consumers in implementing a revised tax credit for Americans buying electric vehicles. The Democratic senator sent a letter to Treasury Secretary Janet Yellen on Friday, Sept. 23, raising concerns that changes to the tax credit President Joe Biden signed into law last month could place some automakers at a competitive disadvantage.   (AP Photo/J.

U.S. Sen. Warnock: Electric car tax credit needs ‘flexibility’

FILE - Sen. Raphael Warnock, D-Ga., speaks to reporters at the Capitol in Washington, July 26, 2022. Warnock of Georgia is urging the U.S. Treasury secretary to consider "maximum flexibility" for automakers and consumers in implementing a revised tax credit for Americans buying electric vehicles. The Democratic senator sent a letter to Treasury Secretary Janet Yellen on Friday, Sept. 23, raising concerns that changes to the tax credit President Joe Biden signed into law last month could place some automakers at a competitive disadvantage.   (AP Photo/J.

September 23, 2022, 9:28am Business

U.S. Sen. Raphael Warnock urged the U.S. Treasury secretary Friday to use “maximum flexibility” in implementing a revised tax credit for Americans buying electric vehicles, a perk that Hyundai stands to lose as the automaker invests billions of dollars to open its first American EV plant in the Democratic senator’s… Read story

FILE - In this photo taken by an individual not employed by the Associated Press and obtained by the AP outside Iran, protesters chant slogans during a protest over the death of a woman who was detained by the morality police, in downtown Tehran, Iran, Sept. 21, 2022.

U.S. allows tech firms to boost internet access in Iran

FILE - In this photo taken by an individual not employed by the Associated Press and obtained by the AP outside Iran, protesters chant slogans during a protest over the death of a woman who was detained by the morality police, in downtown Tehran, Iran, Sept. 21, 2022.

September 23, 2022, 9:26am Business

The Treasury Department said Friday it was allowing American tech firms to expand their business in Iran, one of the most sanctioned countries in the world, to boost internet access for the Iranian people. Read story

U.S. to seek stronger labor, environmental standards in Asia

September 23, 2022, 9:24am Business

The U.S. is outlining its goals for a new trade deal with Australia, Japan, South Korea and nine other nations meant to signal the country’s commitment to working with the Indo-Pacific region at a time of growing Chinese clout. Read story

Britain's Chancellor Kwasi Kwarteng leaves 11 Downing Street in London, Friday, Sept. 23, 2022. The Chancellor will deliver a mini budget in parliament.

U.K. cuts taxes, boosts spending, accelerating pound’s slide

Britain's Chancellor Kwasi Kwarteng leaves 11 Downing Street in London, Friday, Sept. 23, 2022. The Chancellor will deliver a mini budget in parliament.

September 23, 2022, 9:20am Business

Britain’s new government on Friday announced a sweeping plan of tax cuts it said would be funded by borrowing and revenue generated by anticipated economic growth, part of a series of high-risk moves to combat a cost-of-living crisis and bolster a faltering financial picture. Read story

From spuds to famous potato salad: Reser’s opens state-of-the-art Pasco plant

September 23, 2022, 9:19am Business

A new Reser’s Fine Foods plant in Pasco is a testament to how the company, which started in a farmhouse kitchen, became one of the most successful private businesses in the country. Read story