Business

A private Swiss bank will pay $122.9 million in back taxes and penalties after admitting it helped clients hide assets from the IRS between 2008 and 2014. According to court filings and the Justice Department,…

Alaska Airlines has agreed to acquire its rival Hawaiian Airlines in a deal valued at about $1.9 billion, as the companies make a push to expand along the West Coast. The purchase values Hawaiian Airlines at $18 per…

Pending home sales, a measure of signed contracts on existing homes, dropped 1.5% in October from September. They hit the lowest level since the National Association of Realtors began tracking this metric in 2001, meaning it’s even…

The entertainment industry is grappling with how to talk about the war between Israel and Hamas nearly two months after it erupted. Some in Hollywood say they’re being silenced for speaking out on human rights,…

Red Lobster’s parent company, Thai Union Group, disclosed earlier this month that the seafood chain took an unexpectedly large loss in the third quarter of the year because its $20 shrimp promotion wasn’t very profitable…

Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it too early to declare victory over inflation. Despite a string of positive indicators recently regarding prices, the…

The United Auto Workers union said Wednesday it is trying to unionize employees at 13 companies that build cars in the U.S. The union said the simultaneous push covers BMW, Honda, Hyundai, Lucid, Mazda, Mercedes-Benz,…

Walmart is importing more goods to the United States from India and reducing its reliance upon China as it looks to cut costs and diversify its supply chain, data seen by Reuters shows. The world’s largest…

President Joe Biden’s landmark climate law is driving outsized clean energy funding into low-income, less-educated and fossil fuel towns, according to a new analysis the Treasury Department released Wednesday. An estimated 81% of investments in…

Sleep through Black Friday and Cyber Monday? Don’t worry. While the two post-Thanksgiving sales days featured plenty of discounts, retailers are still pushing to lure in shoppers all through December. Yes, there were record-setting deals…