by Jim Heath | Mar 12, 2019 | Business, Headlines
After two of the Boeing 737 MAX 8 jets crashed within 6 months, at least 36 countries and nearly 30 airlines have suspended operation of the fuel-efficient aircraft in the span of 2 days. The EU aviation authority banned flight operations of Boeing 737 Max jets, a...
by Jim Heath | Feb 14, 2019 | Business, Headlines
Despite earning billions of dollars, Amazon will not pay any federal income taxes for the second year in a row, according to a report released this week. The Institute on Taxation and Economic Policy found that the online retailer, which reported $11.2 billion in...
by Jim Heath | Feb 7, 2019 | Business, Headlines
A bankruptcy judge has blessed a $5.2 billion plan by Sears chairman and biggest shareholder to keep the iconic business going. The approval means roughly 425 stores and 45,000 jobs will be preserved. Eddie Lampert’s bid through an affiliate of his ESL hedge...
by Jim Heath | Dec 29, 2018 | Business, Headlines
A hedge fund run by Sears Chairman Eddie Lampert submitted a last-minute bid Friday to keep the struggling retailer from being liquidated. The bid, valued at $4.4 billion, still needs to be approved. A court date is scheduled for the middle of January. Transform...
by Jim Heath | Nov 13, 2018 | Business, Headlines
Amazon will open major outposts in Northern Virginia’s Crystal City and in New York City, splitting its much-sought investment of up to 50,000 jobs between the two East Coast sites. Amazon made the surprise decision to split the second headquarters between two...
by Jim Heath | Oct 18, 2018 | Analysis, Business, Headlines
The economy may be booming and unemployment low, but America remains an unaffordable place to live in many parts of the country due to stagnant wages and rising housing costs. In fact, the actual cost of living surpasses the median income earned in 42 U.S. states,...
