Twitter users will be able to appeal account suspensions and be evaluated under the social media platform’s new criteria for reinstatement, starting Feb. 1, the company said on Friday. Under the new criteria, which follow billionaire Elon Musk’s purchase of the company in October, Twitter accounts will only be suspended for severe or ongoing and…
Expanding Convenience Stores Bet on a Future with Gas Powered Vehicles
Despite government regulations pushing a future filled with electric vehicles (EVs), some large convenience store chains still see gas in the future. Pennsylvania-based Rutter’s plans to build 50 new gas station/convenience stores over the next five years in Pennsylvania, Maryland, Virginia, West Virginia, and Delaware, the company announced this week. Rutter’s currently has 84 locations….
AmEx Profits Fall 9 Percent as Customers Fall Behind on Payments
NEW YORK—American Express saw its fourth-quarter profits fall by 9 percent, as the credit card giant had to set aside significantly more money to cover potentially bad loans. The company saw charge offs and delinquencies rise, a troubling sign for a company whose customer base is usually well-to-do and extremely creditworthy. But the company did…
Walmart, CVS Health Adjust Pharmacy Hours Amid Labor Crunch
Walmart Inc. said on Friday it would adjust working hours for its U.S. pharmacy team and implement it nationwide in 4,600 locations, with drugstore operator CVS Health Corp. doing the same for about two-thirds of its retail pharmacies, amid a tight labor market. The United States has been experiencing a nationwide labor shortage since the…
Chevron Annual Profit Hits Record but Q4 Miss Hits Shares
HOUSTON—Chevron Corp. on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings, but the bottom line fell shy of Wall Street estimates, undercut by asset writedowns and rising costs. The second largest U.S. oil producer’s adjusted net profit for 2022 exceeded its previous record set in 2011 by…
Nokia 4th Quarter Profit Beats Expectations on Back of Robust Demand
HELSINKI—Wireless and fixed-network equipment maker Nokia on Thursday reported strong fourth-quarter results on the back of robust demand for 5G technology and an improved product portfolio. The Espoo, Finland-based company reported net profit of 929 million euros ($1 billion) for the October–December period, up 27 percent from 731 million euros a year earlier. Net income…
Boeing to Hire 10,000 Workers in 2023 as It Ramps up Production
WASHINGTON—Boeing expects to hire 10,000 workers in 2023 as it recovers from the pandemic and increases jetliner production, but will trim some support jobs, the U.S. planemaker said Friday. The Arlington, Virginia-based company boosted overall employment by about 14,000 workers in 2022 to 156,000 as of Dec. 31, up from about 142,000 in 2021. Boeing…
‘Emotive Misinformation’: Conservationists, Industry Warn Oregon Lawmakers Against Kangaroo Product Ban
January 27, 2023
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A proposed ban on kangaroo-based products by Oregon lawmakers would only result in more suffering and unregulated killing of the native Australian marsupial, according to conservationists and wildlife experts. Senate Bill 764, introduced by Sen. Floyd Prozanska (D-Eugene), would ban the sale of kangaroo parts and products in Oregon with the threat of fines or a…
Boeing Pleads Not Guilty to Fraud Charge After 2 Deadly 737 MAX Crashes
U.S.-based aircraft maker Boeing pleaded not guilty in court on Jan. 26 to a fraud conspiracy felony charge after it was accused of deceiving regulators about flight control systems on its 737 MAX aircraft, which was involved in two crashes. U.S. District Judge Reed O’Connor took the plea from Boeing, which was represented by its chief safety officer…
FDA Pulls Authorization for Evusheld, Says It’s Ineffective Against New COVID Mutations
Evusheld has become the latest COVID-19 antibody drug to lose federal authorization after it was deemed ineffective against the dominant versions of the virus. The U.S. Food and Drug Administration (FDA) on Thursday withdrew its emergency use authorization for Evusheld, a two-dose cocktail of monoclonal antibodies meant to provide protection to those who have a…
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