JBS says it paid $11 million ransom after cyberattack
The meat supplier JBS USA paid an $11 million ransom in response to a cyberattack that led to the shutdown of its entire US beef processing operation…
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Boeing wants to delay delivery of new Air Force One jets by a year
Boeing is seeking a one-year delay in its deadline to deliver two new 747 jets to be used as Air Force One. And that would mean added costs for…
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Portland curbside glass recycler fined $1M for air quality violations
The Oregon Department of Environmental Quality has fined the state’s largest glass container recycler over $1 million for repeated air quality…
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Bend Cultural Tourism Fund announces nearly $320,000 in grants
The Bend Cultural Tourism Commission announced Wednesday 20 grants for Bend cultural tourism-focused activities taking place September 2021 through…
Continue ReadingCampbell Soup is getting squeezed by higher costs
Campbell Soup is raising the prices it charges stores for its products in response to rising supply chain costs. The maker of namesake soup brands…
Continue ReadingExclusive: US businesses warn crumbling infrastructure is hurting the economy
As infrastructure negotiations between the White House and a GOP Senate group broke down this week, business executives are warning that aging…
Continue ReadingCan there ever be too much Marvel? We’re about to find out
For the past decade, movie theaters have counted on a big, buzzy Marvel hit to kick off a lucrative summer season. But this year, the superhero of…
Continue ReadingBlack-owned banks are booming, and they’re pouring money back into their communities
An estimated $150 million in equity capital has been invested in Black-owned banks since George Floyd was murdered last year, according to the…
Continue ReadingBest Buy has Thanksgiving plans. You’re not invited
Best Buy will be closed on Thanksgiving Day, moving many of its Black Friday deals online and offering alternatives to in-store shopping. The…
Continue ReadingVolkswagen’s ex-CEO pays company $14 million over his role in the diesel scandal
Martin Winterkorn has agreed to pay Volkswagen nearly $14 million after an investigation found the former CEO failed to respond properly to signs…
Continue ReadingElectric truck startup Lordstown Motors warns it may go out of business
Lordstown Motors, the startup electric truck maker, warned Tuesday it is close to running out of cash and may be forced out of business in the next…
Continue ReadingAre you leaving your job in retail? Share your story
Retailers are reporting challenges hiring workers to staff stores and warehouses as the US economy reopens and shoppers spend on clothes, home goods…
Continue ReadingTech executive tapped as new Ferrari CEO as it plans its first EV
Ferrari has turned to a top tech executive to be its new CEO and lead the company into the age of electric supercars. Benedetto Vigna, currently the…
Continue ReadingEl Salvador is the first country to adopt bitcoin as legal tender
El Salvador has become the first country to adopt bitcoin as legal tender. A majority of lawmakers have approved a proposal from Salvadorian…
Continue ReadingOhio will soon be home to the largest solar factory complex outside of China
China’s dominance over the world’s solar industry just took a hit. First Solar unveiled plans Wednesday to double its US manufacturing…
Continue ReadingBitcoin just cleared another hurdle. It may still stumble
In a landmark move, El Salvador has become the first country to adopt bitcoin as a legal form of payment. But there’s still tons of pressure on…
Continue ReadingBiden administration investigates ‘illegal’ leak of Jeff Bezos, Elon Musk and Warren Buffett’s tax information
The Biden administration said Tuesday it is investigating how tax information from several of the world’s richest people — including Jeff…
Continue ReadingPaint just got a lot more expensive
Add paint to the growing list of things that are getting more expensive. Sherwin-Williams announced Tuesday that “demand remains strong”…
Continue ReadingRyanair and British Airways could be sued for refusing refunds
Britain’s antitrust regulator is investigating whether Ryanair and British Airways broke the law by refusing to refund customers for flights…
Continue ReadingThe perfect storm making everything you need more expensive
Steel, lumber, plastic and fuel. Corn, soybeans, sugar and sunflower oil. Houses, cars, diapers and toilet paper. Prices are rising almost everywhere…
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