Business Wire Archives | Page 3 of 52
April 25, 2018 | 79° | Check Traffic

Business Wire


Canadian pharmacy fined $34M for illegal imports

An online pharmacy that bills itself as Canada’s largest was fined $34 million for importing counterfeit cancer drugs and other unapproved pharmaceuticals into the United States, a sentence that one advocacy group called too light for such a heinous crime. Read More

JPMorgan posts record profit as banks benefit from tax law

Three of America’s biggest banks reported higher profits this week, with a huge assist from the tax law passed late last year. JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations. Read More

Farmers employ artificial intelligence to monitor cows

A Dutch company has married two technologies — motion sensors and AI — with the aim of bringing the barnyard into the 21st century. The company, Connecterra, has brought its IDA system , or “The Intelligent Dairy Farmer’s Assistant,” to the United States after having piloted it in Europe for several years. Read More founder freed on $1M bond in case over sex ads

A founder of the classified advertising site was released from custody after spending a week in jail on charges alleging that he knowingly published ads for sexual services and money laundering. Read More

National Enquirer paid $30K for another salacious Trump tip

Updated on  April 12, 2018 at 11:14 am
Eight months before the company that owns the National Enquirer paid $150,000 to a former Playboy Playmate who claimed she’d had an affair with Donald Trump, the tabloid’s parent made a $30,000 payment to a less famous individual: a former doorman at one of the real estate mogul’s New York City buildings. Read More

Power outage affects 870K across Puerto Rico

Some 870,000 electricity customers across Puerto Rico were left without power after another widespread outage, forcing the island’s main public hospital and international airport to switch to backup generators as the U.S. territory struggles to recover from Hurricane Maria. Read More

Apple’s HomePod disappoints after slow sales

At first, it looked like the HomePod might be a hit. Pre-orders were strong. But by the time HomePods arrived in stores, sales were already tanking. Read More

U.S. publishers worry about pricier newsprint with new tariffs

Newspaper publishers across the U.S. already strapped by years of declining revenue say they’re dealing with an existential threat: Recently imposed tariffs on Canadian newsprint driving up their business costs. Read More

Volkswagen replaces CEO Mueller, announces new structure

Volkswagen has replaced CEO Matthias Mueller with core brand head Herbert Diess and said it is creating a new management structure to enable faster decision-making as autonomous and electric cars transform the industry. Read More

Fed in March discussed ‘slightly steeper’ future rate hikes

Federal Reserve officials signaled rising confidence last month that a strong economy will lift inflation closer to its 2 percent target and that they may accelerate the Fed’s pace of interest rate hikes as a result. Read More

Former House Speaker Boehner to promote legalizing marijuana

Former U.S. House Speaker John Boehner said he has had a change of heart on marijuana and will promote its nationwide legalization as a way to help veterans and the nation’s deadly opioid crisis. Read More

Officer fired after dragging passenger sues United, Chicago

An aviation security officer who was fired after forcibly dragging a passenger from a plane last year is suing United Airlines and the city of Chicago, claiming he wasn’t properly trained to deal with such a situation and he was defamed in the aftermath. Read More

Retailers hope for certainty as Supreme Court hears tax case

Retailers are hoping for a resolution this year from the Supreme Court, which hears arguments this week in a decades-old dispute: Whether companies must collect sales tax on items sold in a state where they don’t have a store or other building. Read More

Trump considers drug testing for some food stamp recipients

Updated on  April 11, 2018 at 6:10 pm
The Trump administration is considering a plan that would allow states to require certain food stamp recipients to undergo drug testing, handing a win to conservatives who’ve long sought ways to curb the safety net program. Read More

TV host resigns after threatening school shooting survivor

A conservative commentator who sent a tweet saying he would use “a hot poker” to sexually assault an outspoken 17-year-old survivor of the Florida high school shooting has resigned from a St. Louis TV station and been taken off the radio after several advertisers withdrew from his shows. Read More

U.S. awards $18.5B in recovery grants for Puerto Rico

The U.S. government announced it will award $18.5 billion worth of disaster recovery grants to Puerto Rico to help repair homes, businesses and its crumbling power grid as the U.S. territory struggles to recover from Hurricane Maria. Read More

More organic than thou? Rebel farmers create new food label

Was your tomato grown in dirt or water? Organic shoppers might notice additional labels this summer that will give them the answer — and tell them whether their choices align with what a rebellious group of farmers and scientists deem the true spirit of the organic movement. Read More

Twitter follows Facebook, endorses Senate’s ‘Honest Ads Act’

Updated on  April 10, 2018 at 11:00 am
Twitter said the Honest Ads Act, which would require broader disclosures in online political advertising, “provides an appropriate framework” for ensuring transparency in digital ads, and the company will work with legislators to “refine and advance” the proposal. Read More

Facebook removes popular Black Lives Matter page for being fake

A Facebook page that claimed a connection to the Black Lives Matter movement and had more than twice as many followers as the movement’s official page has been removed for being inauthentic, the company said. Read More

Spotify said to plan new version of free music service

Spotify is developing a new version of its free music service, the first big product change since the streaming company went public last week, according to people familiar with the matter. Read More