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Health
Lawsuit
August 2, 20230Comments

UnitedHealth sued by Labor Dept.

UnitedHealth Group is facing a lawsuit from the U.S. Department of Labor over allegations that its third-party administrator UMR denied services that should have been covered. Self-funded health insurance plans,
by Janice Thompson
Brands
Business
August 1, 20230Comments

Bed, Bath & Beyond is back — online

  It’s official: Overstock is now Bed, Bath and Beyond. The former site for marked-down furniture has sublimated itself into the go-to destination for housewares, after buying the intellectual property of
by Adam Lee
Bert Martinez
Banking
Finance
August 1, 20230Comments

Fed to pause interest-rate hikes?

A September pause in interest-rate hikes is looking increasingly likely, Wall Street economists say, amid milder-than-expected inflation, moderated consumer spending and lessening wage pressures. Federal Reserve Chair Jerome Powell had
by Adam Lee
Business
Transportation
August 1, 20230Comments

Uber hits first operating profit

  Big surprises from Uber on Tuesday, as the ride-hailing app announced its first-ever operating profit of $326 million in the second quarter. The company's net income soundly beat expectations, coming
by Adam Lee
Airlines
Business
August 1, 20230Comments

Flight demand starts to level off

  Americans were eager to fly after COVID restrictions were dropped, but that trend may be fading. Second-quarter purchases for tickets declined for the first time in more than two years,
by Adam Lee
Brand
Business
August 1, 20230Comments

Birkenstock sliding toward an IPO?

The private equity firm that owns Birkenstock could try an initial public offering on for size as soon as September, anonymous sources have told Bloomberg and the Financial Times. L
by Janice Thompson
Insurance
August 1, 20230Comments

Home insurers charge more for less

Home insurers are charging more and covering less as they try to bounce back from five years of losses. A damaging combination of storms, natural disasters, inflation and supply-chain problems
by Janice Thompson
Business
Commerce
August 1, 20230Comments

Walmart invests $1.4B in Flipkart

Walmart has paid $1.4 billion to buy major investor Tiger Global's remaining shares of Indian e-commerce giant Flipkart, The Wall Street Journal reports. While Walmart initially invested in the company
by Janice Thompson
Bert Martinez
Brands
Business
August 1, 20230Comments

Third of S&P to report earnings

Economists are keeping a close eye on corporate income statements for clues about consumer spending patterns. Just over a third of S&P 500 companies will report earnings this week, including
by Janice Thompson
Finance
Transportation
July 30, 20230Comments

Trucking firm Yellow closes

Yellow, one of America's biggest and oldest trucking companies, shut down operations on Sunday and laid off workers at all locations. The 99-year-old company cut about 33,000 jobs, 22,000 of
by Adam Lee
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