Category: PMN Business

Jun 29

Bed Bath & Beyond lives on!(line). Overstock.com buys rights to bankrupt retailer and changes name

Article content NEW YORK (AP)–Bed & Bath & Beyond will live on, online at least, after Overstock.com acquired the bankrupt retail chain’s intellectual property assets for $21.5 million. The online retailer Overstock.com is dumping its name online and will become Bed & Bath & Beyond, which declared bankruptcy earlier this year. Overstock.com’s CEO Jonathan Johnson […]
Jun 28

US public debt is projected to reach 181% of American economic activity in 30 years

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Fatima Hussein Published Jun 28, 2023  •  3 minute read Join the conversation Article content WASHINGTON (AP) — The Congressional Budget Office is giving the world a concerning look at the U.S. government’s ledgers: ever higher deficits, greater government spending and tax revenues […]
Jun 28

GOP Lawmakers Accuse FTC Chair Khan of ‘Misleading’ Testimony

Breadcrumb Trail Links PMN Business Republicans leading two powerful House committees are accusing Federal Trade Commission Chair Lina Khan of giving “misleading testimony” before Congress in April over her participation in the agency’s Meta Platforms Inc. probe. Author of the article: Bloomberg News Emily Birnbaum and Leah Nylen Published Jun 28, 2023  •  2 minute […]
Jun 27

New York Skies Set to Darken Again With Smoke From Canada Wildfires

Article content (Bloomberg) — Smoke from Canadian wildfires will obscure the skies in New York and across the Mid-Atlantic starting Wednesday, just weeks after the blazes blanketed the region in a polluted haze.  Article content Air quality could reach unhealthy levels in western and central New York Wednesday into Thursday, Governor Kathy Hochul said in […]
Jun 27

Biden Seeks to Shield Taxpayers From Costs of Cleaning Up Aging Offshore Oil Wells

Breadcrumb Trail Links PMN Business The Biden administration on Tuesday outlined its plan for ensuring oil companies have enough money set aside to clean up old offshore platforms, as costs mount for decommissioning decades-old infrastructure in the Gulf of Mexico. Author of the article: Bloomberg News Jennifer A. Dlouhy Published Jun 27, 2023  •  2 […]
Jun 26

John Goodenough, a Nobel Prize-winning co-creator of the revolutionary lithium battery, dies at 100

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Jim Vertuno Published Jun 26, 2023  •  Last updated 59 minutes ago  •  2 minute read Join the conversation Article content AUSTIN, Texas (AP) — John Goodenough, who shared the 2019 Nobel Prize in chemistry for his work developing the lithium-ion battery that transformed […]
Jun 26

Trafigura Cuts Mexico Oil-Trader Jobs as Policies Crimp Margins

Breadcrumb Trail Links PMN Business Trafigura Group is cutting oil-trader positions in Mexico as the government’s nationalist policies squeeze its profit margins. Author of the article: Bloomberg News Lucia Kassai Published Jun 26, 2023  •  2 minute read Join the conversation An oil pump jack at the New Harmony Oil Field in Grayville, Illinois. Photographer: […]
Jun 25

‘Spider-Man: Across the Spider-Verse’ slings back into box office top spot while ‘The Flash’ drops

Article content LOS ANGELES (AP) — “Spider-Man: Across the Spider-Verse” slung its webs back atop the box office ranks while “The Flash” saw a drop faster than the film’s speedy character. The Spidey animated sequel — starring Shameik Moore as the teenage webslinger Miles Morales — reclaimed the No. 1 spot in its fourth week […]