Red Lobster files for Chapter 11 bankruptcy protection
After closing dozens of restaurants, including one in Indianapolis, the seafood chain has agreed to sell itself to its lenders―giving it a $100 million financing commitment to keep it afloat.
After closing dozens of restaurants, including one in Indianapolis, the seafood chain has agreed to sell itself to its lenders―giving it a $100 million financing commitment to keep it afloat.
A developer of the shopping center property wanted to allow the Famous Taco restaurant to open there, but a nearby condominium association raised concerns that the business violated the property’s zoning policy.
In a 7-2 decision written by Justice Clarence Thomas, the court upheld as constitutional the bureau’s funding mechanism, which is based on profit from the Federal Reserve, rather than an annual appropriation.
The latest snapshot comes as the Federal Reserve is grappling with inflation data that continues to surprise them.
Return-to-office mandates at some of the most powerful tech companies were followed by a spike in departures among the most senior, tough-to-replace talent, according to a new case.
As more companies across the United States take a hard-line stance on office mandates, an increasing number of workers are elevating their complaints to court and federal labor agencies.
After a miniboom that powered the first quarter of 2024, the labor market cooled in April, reflecting job growth that looked more like the latter half of 2023. April’s job gains were the smallest reported since October.
The U.S. government is weighing whether to treat Apple, Google and PayPal-owned Venmo more like banks—and regularly inspect some of their operations.
The lawsuit alleges that OpenAI and Microsoft used copyrighted newspaper articles to train their algorithms without compensating content owners.
Several of the biggest American solar manufacturing companies say in a petition filed with the Commerce Department that firms in four Asian countries are illegally flooding the U.S. market with Chinese-subsidized panels.
New federal rules for airlines will go into effect later this year, giving travelers a better picture of the full cost of flights before they book—and getting them an easier refund if things go awry.
The U.S. Chamber of Commerce and other business groups on Wednesday sued the Federal Trade Commission over a new rule that would make most noncompete agreements illegal, setting up a potential showdown over the scope of the agency’s authority.
The U.S. government is as close as it has ever been to kicking out an app used by an estimated 170 million Americans. Here’s what’s expected next.
The rule is set to take effect after 120 days, but business groups vowed to challenge it in court, arguing that the FTC greatly overstepped its authority and enacted a rule that will hurt companies.
The mix of tariffs and investigations also represent Biden’s sharpest actions to date to prevent China from unleashing on global markets an avalanche of low-cost goods, at a time when demand in its domestic economy is weak.
Performers, politicians, scholars, rival promoters and other ticket sellers argue that Live Nation wields far too much power in the live entertainment industry.
Since the start of the year, Federal Reserve Chair Jerome Powell and his colleagues had said they were looking for more assurance that inflation was ticking steadily down. Instead, they’ve gotten the opposite.
Amid a shift in work habits prompted by the coronavirus pandemic and a squeeze in the tech industry, the downturn in hiring marks another setback in the boost Amazon had initially promised.
Having taken women’s college basketball to new heights, Caitlin Clark is about to step boldly into her future as the presumed No. 1 draft pick of the WNBA’s Indiana Fever. Here are some questions and answers about Clark’s immediate future in the WNBA.
Caitlin Clark, who is expected to be the No. 1 pick by the Indiana Fever in Monday’s WNBA draft, deftly skewered “Weekend Update” co-host Michael Che in a “Saturday Night Live” appearance, and used the platform to offer a reminder of the many women’s basketball stars who came before her.