Pilots at Southwest ratify contract that will boost pay by nearly 50%
Southwest Airlines said the five-year deal gives its pilots “industry-leading compensation” and has a new process for assigning pilots to flights during unusual events.
Associated Press
Articles
Macy’s rejects $5.8 billion takeover bid
Macy’s said its board reviewed the proposal from investment firms Arkhouse Management and Brigade Capital Management and that it not only had concerns about the financing plan, but it also felt there was a “lack of compelling value.”
Latest EPA assessment shows almost no improvement in river, stream nitrogen pollution
For decades, federal and state officials have struggled to control farm runoff, the biggest source of nutrient pollution that is not typically federally regulated.
Last year was slowest for U.S. home sales in nearly 30 as high mortgage rates frustrated buyers
The sharply higher home loan borrowing costs limited home hunters’ buying power on top of years of soaring prices. A dearth of homes for sale also kept many would-be homebuyers and sellers on the sidelines.
Congress votes to avert shutdown and keep the government funded into early March
The measure extends current spending levels and buys time for the two chambers to work out their differences over full-year spending bills for the fiscal year that began in October.
Average long-term mortgage rate falls to lowest level since May
Home loan borrowing costs have been mostly coming down since late October, after the average rate on a 30-year mortgage surged to 7.79%, the highest level since late 2000.
Supreme Court wrestles with major challenges to power of federal regulators
Conservative Supreme Court justices on Wednesday voiced support for weakening the power of federal regulators, but it was not clear whether a majority would overturn a precedent that has guided American law for four decades.
Applications for jobless benefits fall to lowest level since September 2022
The job market has remained surprisingly resilient, with the unemployment rate staying below 4% for 23 straight months, the longest such streak since the 1960s.
3M begins payments to service members in $6B earplug settlement
3M has started paying out its $6 billion settlement to U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company at its Indianapolis subsidiary.
UPDATE: Pascal Siakam traded to Pacers from Raptors for 3 first-round picks, more
The high-scoring Siakam is a two-time All-NBA selection, two-time All-Star and part of the Toronto Rapters team that won the 2019 NBA title.
Overdraft fees could drop to as low as $3 under new White House proposal
The proposed change by the Consumer Financial Protection Bureau would potentially eliminate billions of dollars in fee revenue for the nation’s biggest banks.
Amazon to invest in Diamond Sports as part of bankruptcy restructuring agreement
Under the terms of the restructuring agreement, Amazon will make a minority investment in Diamond and enter into a commercial arrangement to provide access to Diamond’s content via Prime Video.
Supreme Court rebuffs Apple’s appeal on app payments, threatening billions in revenue
The Supreme Court on Tuesday allowed a court order to take effect that could loosen Apple’s grip on its lucrative iPhone app store.
Banks prepare to take on Biden administration over billions in overdraft fees
The Consumer Financial Protection Bureau is expected to propose rules this week that would further rein in banks’ ability to charge customers a fee when they overdraw their bank account.
JetBlue’s $3.8B buyout of Spirit Airlines blocked by judge citing threat to competition
The Justice Department said if JetBlue were allowed to buy Spirit, it would especially hurt travelers who depend on Spirit’s low fares.
Supreme Court declines to step into the fight over bathrooms for transgender students
The Supreme Court on Tuesday passed up a chance to intervene in the debate over bathrooms for transgender students, rejecting an appeal from an Indiana public school district.
Burger King owner buying out its biggest U.S. franchisee for about $1 billion
Carrols Restaurant Group runs 1,022 Burger King restaurants in 23 states, including more than 100 in Indiana.
Trump notches record win in Iowa caucuses; DeSantis edges Haley for second
Iowa has been an uneven predictor of who will ultimately lead Republicans into the general election. George W. Bush’s 2000 victory was the last time a Republican candidate won in Iowa and went on to become the party’s standard-bearer.
Washington state sues to block proposed merger of Kroger and Albertsons grocery chains
In a statement Monday, Kroger said it was delaying its timeline for closing the $25 billion deal due to ongoing dialogue with regulators, including state attorneys general and the Federal Trade Commission.
Fueled by unprecedented border crossings, a record 3M cases clog U.S. courts
Judges, attorneys and migrant advocates worry that the growing backlog is rendering an already strained system unworkable.