The U.S. government is threatening to sue PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway, to recover nearly $1 billion in costs related to the 2020 wildfires in southern Oregon and northern California, though the company is trying to negotiate a settlement. The potential lawsuits were disclosed in an annual report filed by PacifiCorp’s Iowa-based […]
LOS ANGELES — Southern California Edison will pay $80 million to settle claims on behalf of the U.S. Forest Service connected to a massive wildfire that destroyed more than a thousand homes and other structures in 2017, federal prosecutors said Monday. The utility agreed to the settlement on Friday without admitting wrongdoing or fault in
Stocks that traded heavily or have substantial price changes on Monday: Domino’s Pizza, Pilgrim’s Pride rise; Alcoa, PPG Industries fall NEW YORK — Stocks that traded heavily or had substantial price changes on Monday: Alcoa Corp., down $1.18 to $25.34. The aluminum manufacturer is buying Alumina Limited in an all-stock deal valued at about $2.2
Domino's Pizza, Pilgrim's Pride rise; Alcoa, PPG Industries fall, Monday, 2/26/2024 Read More »
Stocks drifted lower on Wall Street, pulling the market slightly below the record highs it reached last week. The S&P 500 slipped 0.4% Monday. The benchmark index is still on track for its fourth straight winning month. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite fell 0.1%. Domino’s Pizza jumped to one
How major US stock indexes fared Monday, 2/26/2024 Read More »
The Federal Trade Commission sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans. The FTC filed an administrative complaint against the companies Monday, which will be considered by an administrative law judge at the agency.
Microsoft announced an artificial intelligence partnership Monday with the French startup Mistral AI that could lessen the software giant’s reliance on ChatGPT-maker OpenAI for supplying the next wave of chatbots and other generative AI products. Mistral AI emerged less than a year ago but is already what Microsoft described Monday as an “innovator and trailblazer”
Microsoft inks deal with France's Mistral AI, an OpenAI rival that has its own chatbot Read More »
COLUMBUS, Ohio — An Ohio commission awarded bids to frack oil and gas under state parks Monday, despite statewide backlash and an ongoing investigation into possibly fraudulent support. The Ohio Oil and Gas Land Management Commission granted the mineral rights to several oil and gas companies, allowing them to frack for oil and gas under
Ohio commission awards bids to frack oil and gas under state parks, wildlife areas Read More »
ATLANTIC CITY, N,J. — The Mohegan tribe will end its management of Atlantic City’s Resorts casino at the end of this year, both parties said Monday. The move will conclude an agreement the tribe’s gambling arm, Mohegan Gaming Advisors, made with Resorts in 2012 six months after the casino’s co-owner, veteran gambling executive Dennis Gomes,
Mohegan tribe to end management of Atlantic City's Resorts casino at year's end Read More »
FRANKFURT, Germany — Shoe and sports clothing maker Adidas said Monday it had started a third sale of the Yeezy sneakers it was left with after severing ties with Ye, the rapper formerly known as Kanye West. The company has accompanied the sales with donations to groups fighting antisemitism and other forms of hate. Adidas
Adidas sells another batch of Yeezy sneakers left over from breakup with Ye Read More »
CAPE CANAVERAL, Fla. — A private lunar lander is expected to cease operations Tuesday, its mission cut short after landing sideways near the south pole of the moon. Intuitive Machines, the Houston company that built and flew the spacecraft, said Monday it will continue to collect data until sunlight no longer shines on the solar
