“I’m totally stressed out because we’ve been on the market for eight weeks and we haven’t even had an offer.” Such were the words of a woman who called me to complain about her real estate agent, who led her to believe that she would have multiple offers after the first week. After she continued…
Staples Offers to Buy Office Depot Owner’s Consumer Business for $1 Billion
Staples said on Friday it had offered to buy Office Depot owner ODP Corp’s consumer business for $1 billion, the latest effort by the office supplies retailer to acquire its rival’s assets. Staples offered about $18.27 per share for the business, which it said represents a premium of about 43 percent to the 30-day average…
Walmart to Again Close Its US Stores on Thanksgiving Day
NEW YORK—Walmart says it will close its U.S. stores on Thanksgiving for the second consecutive year. The nation’s largest retailer and biggest private employer said Friday that it wants to give workers time off for all their “hard work and dedication” to the company. It follows the decision by Target Corp., which announced back in…
There Oughta Be a Law!
Readers are always asking me to explain various Social Security rules and regulations. But sometimes they want more. They want to see something official—something in black and white. In other words, they want me to give them a legal reference for whatever rules I am explaining to them. I sort of know where they are…
US Adds 559,000 Jobs as Firms Still Struggle to Fill Positions
WASHINGTON—U.S. employers added a modest 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy recovers from the pandemic recession. Last month’s job growth was above April’s revised total of 278,000, the Labor Department said Friday, yet well short of…
JBS ‘Fully Operational’ After Ransomware Attack, Any Lost Meat Production to Be Recovered Within a Week
Meat-producing giant JBS announced Thursday that it has resumed normal operations at all of its global facilities following a production-crippling ransomware attack, adding that it expects any lost meat production to be “fully recovered by the end of next week.” In a Thursday statement, JBS said all its plants are now fully operational, crediting a “swift response,…
State Department Approves Potential $3.5 Billion Helicopter Sale to Australia: Pentagon
June 3, 2021
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WASHINGTON—The U.S. State Department has approved the potential sale of 29 Boeing Co AH-64E Apache attack helicopters to Australia in a deal valued at up to $3.5 billion, the Pentagon said on Thursday. The sale is one of a string of Australian purchases in April that included 12 MQ-9B drones and related equipment for about…
Thousands Will Descend on Miami for the World’s Largest Crypto Conference. Is the Hype Real?
By Rob Wile From Miami Herald Miami is about to play host to what may be the largest cryptocurrency conference the world has ever seen. Thanks to a confluence of calendar, COVID-19 and Miami’s soaring reputation as a tech hub, organizers are expecting as many as 50,000 to descend on the county for Bitcoin 2021….
County Votes to Ban Coke Machines After CEO’s Criticism of Georgia Election Law
A North Carolina county voted to ban Coca-Cola machines in county government buildings after the firm’s criticism of Georgia’s voter integrity law passed earlier this year. “The left-wing in America, they defund. They boycott. They cancel. They tear down statues. All sorts of egregious actions,” Surry County commissioner Eddie Harris told WXII-TV in elaborating on…
Ford Says It Could Face $1.3 Billion in New Penalties in Transit Imports
WASHINGTON—Ford Motor Co said Thursday it could face up to $1.3 billion in penalties in a long-running dispute over import duties paid on Ford Transit Connect vehicles. The No. 2 U.S. automaker said after the Supreme Court declined to hear its appeal in 2020 that it paid increased duties for some prior imports, plus interest….
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