The economic development effort aims to bring in high-paying jobs, boost the median income and more.
(c) 2018, The Washington Post. WASHINGTON - House Republicans have invited “Diamond and Silk,” two conservative video bloggers who were deemed “unsafe” by Facebook after becoming online sensations, to testify next week about allegations of conservative bias online. The hearing, set for Thursday...
(c) 2018, Bloomberg. The Treasury Department is considering using an emergency law to curb Chinese investments in sensitive technologies, as the Trump administration looks to punish China for what it sees as violations of American intellectual-property rights. The U.S. government is reviewing the...
(c) 2018, Bloomberg. General Electric Co. maintained its 2018 profit forecast, defying Wall Street expectations of a cut, sending shares higher. Strength in aviation and health care are shoring up confidence in the outlook for adjusted earnings of $1 to $1.07 a share, GE said in a statement Friday,...
(c) 2018, The Washington Post. When Amazon executives recently toured the Dallas-Fort Worth area, one of 20 finalists for a second company headquarters, local officials touted its growing workforce and low taxes as perfectly suited to accommodate 50,000 planned Amazon jobs. But the local team also...
(c) 2018, Bloomberg. General Electric stuck with its 2018 profit forecast, powering shares to the biggest gain in three years as the beleaguered manufacturer defied expectations of a cut. Strength in aviation and health care is shoring up confidence in the outlook for adjusted earnings of $1 to $1....
(c) 2018, The Washington Post. Federal regulators on Friday fined megabank Wells Fargo $1 billion for misbehavior in its auto and mortgage businesses. The settlement is among the most aggressive moves by regulators during the Trump administration to punish a big bank. It also escalates problems at...
(c) 2018, Bloomberg. Rapid increases in U.S. oil output and exports over the past two years are forcing some traders and producers to try alternative ways of pricing crude. While the market benchmark remains West Test Intermediate crude delivered in Cushing, Oklahoma, there has been a surge in...
(c) 2018, Bloomberg. Steinhoff International Holdings’s chairwoman likened the retailer to a burning building when the accounting scandal broke four months ago, appealing for shareholder support for an ongoing investigation into the smoldering wreckage. The owner of Conforama in France and Pep...
(c) 2018, Bloomberg. When even a small hole suddenly opens in a jetliner flying miles above the Earth, it unleashes hurricane-like forces. Everything that’s not strapped down flies toward the opening. The wind can easily lift a person up and out of the plane. These terrifying episodes are rare but...
(c) 2018, The Washington Post. For weeks, officials defending the AT&T-Time Warner merger have spoken in broad terms about how the deal could lower TV subscription prices for consumers and spur “innovation.” But it wasn’t until this week that top company executives laid out specifics about their...