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Judge dismisses Native American challenge to $10B SunZia energy transmission project in Arizona

June 7, 2024, 9:10am Business

A U.S. district judge has dismissed claims by Native American tribes and environmentalists who sought to halt construction along part of a $10 billion energy transmission line that will carry wind-generated electricity from New Mexico to customers as far away as California. Read story

Gene Folkes, a former contestant on “The Apprentice,” is photographed in a park in downtown Manhattan on Wednesday, June 5, 2024, in New York. A producer’s new account of Donald Trump’s behavior on “The Apprentice” is resurfacing allegations about whether he mistreated Black people who appeared on the show.

A new account rekindles allegations that Trump disrespected Black people on ‘The Apprentice’

June 7, 2024, 8:57am Business

Gene Folkes had just been jettisoned as a contestant on “The Apprentice” and was commiserating with a crew member at a bar inside the lobby of Trump Tower. He was indignant — and not just at having been kicked off the reality show after its star, Donald Trump, had delivered… Read story

FILE - A worker at Reata Engineering and Machine Works programs a Mazak Variaxis machine used to make semiconductor pieces on Feb. 15, 2024, in Englewood, Colo. On Friday, June 7, 2024, the U.S. government issues its May jobs report.

US hiring and wage growth picked up last month in sign of sustained economic health

June 7, 2024, 8:47am Business

America’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates. Read story

Microsoft, Nvidia to face U.S. antitrust probes over AI moves

June 7, 2024, 8:43am Business

The U.S. is opening antitrust investigations into two of the world’s most valuable companies, Microsoft Corp. and Nvidia Corp., over their dominance of the rapidly emerging field of artificial intelligence, according to people familiar with the matter. Read story

FILE - Shoppers enter exit a Bed Bath & Beyond store Monday, May 29, 2023, in Glendale, Colo. The big-box chain is staging store closing sales at its 360 locations after filing for bankruptcy in late April 2023. An Associated Press analysis found the number of publicly-traded “zombie” companies — those so laden with debt they’re struggling to pay even the interest on their loans — has soared to nearly 7,000 around the world, including 2,000 in the United States.

Zombies: Ranks of world’s most debt-hobbled companies are soaring, and not all will survive

June 7, 2024, 8:41am Business

They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good. Read story

Attacks on businesses linked to US brands rattle Baghdad as anger over the war in Gaza surges

Iraqi security forces stand guard in front of Kentucky Fried Chicken restaurant in Baghdad, Wednesday, June 5, 2024. The recent protests — apparently organised by supporters of Iran-backed, anti-American militias in Iraq — reflect surging anger against the United States, Israel’s top ally, over the war in Gaza.

June 7, 2024, 8:40am Business

A dozen masked men jump out of two SUVs and a white pickup and storm a KFC in Baghdad, smashing everything in sight before fleeing the scene. A few days earlier, similar violence played out at Lee’s Famous Recipe Chicken and Chili House — all American brands popular in the… Read story