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Rite Aid chain reportedly could sell up to 500 stores in bankruptcy plan

Rite Aid said Tuesday it continues to work with its financial stakeholders to identify the best path forward for the debt-saddled company.
A Rite Aid store.
A Rite Aid store.
21h ago

U.S. sues Amazon claiming it used market power to warp prices across the internet

The FTC filed an antitrust lawsuit in federal court in Washington state, backed by the attorneys general of 17 states, including two Republicans.
Amazon packages at a fulfillment center in 2021.
Amazon packages at a fulfillment center in 2021.

Shakira charged with $7 million tax evasion by Spanish prosecutors

Shakira is alleged to have used an offshore company based in a tax haven to avoid paying the tax, Barcelona prosecutors said in a statement.
Shakira performs at the 2023 MTV Video Music Awards  in Newark, N.J.
Shakira performs at the 2023 MTV Video Music Awards  in Newark, N.J.

JPMorgan to pay $75 million to settle lawsuit over ties with Jeffrey Epstein

The bank said the majority of the settlement — $55 million — will go toward local charities and victim assistance; the rest goes to legal fees.
JPMorgan Chase & Co. headquarters in New York
JPMorgan Chase & Co. headquarters in New York
1d ago

Hollywood video game performers authorize strike if labor talks fail

More than 98% of those who cast ballots voted in favor of authorizing a strike, the SAG-AFTRA union said. The union is set to begin contract talks with gaming companies Tuesday.
Hollywood video game performers authorize strike if labor talks fail
Hollywood video game performers authorize strike if labor talks fail
2d ago

SEC charges 'Cash Flow King' podcaster in $11 million Ponzi scheme

Securities regulators say Matthew Motil of Ohio defrauded more than 50 people in a real estate investing scam.
A "Home For Sale" sign.
A "Home For Sale" sign.

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

Amazon is scrambling to catch up with rivals like Microsoft, which invested $1 billion in OpenAI in 2019, followed by another multibillion-dollar investment at the start of the year.
Amazon's offices in Dublin, Ireland
Amazon's offices in Dublin, Ireland

Pay for millions of federal workers is at risk with a looming government shutdown

A shutdown that would halt pay for military families and government workers comes at a particularly precarious time for many households that are already struggling financially.
The moon rises over the Capitol
The moon rises over the Capitol
4d ago

Pandemic aid officials who overpaid vulnerable renters are saying, 'We messed up, pay us back'

Unlike emergency unemployment aid, rental relief programs don’t show many signs of fraud. But efforts are underway in at least five states to claw back improperly issued money, sowing confusion among landlords and tenants.
Hand reaches for money inside envelope
Hand reaches for money inside envelope
4d ago

Building cars was a path to middle-class life for Black workers. They want to keep it that way.

Says one union member, "for Black people, who have been held back in society, building cars was a way to have a great life."
United Auto Workers members attend a solidarity rally as the UAW strikes the Big Three auto makers on September 15, 2023 in Wayne, Michigan. This is the first time in history that the UAW is striking all three of the Big Three auto makers, Ford, General Motors, and Stellantis, at the same time.
United Auto Workers members attend a solidarity rally as the UAW strikes the Big Three auto makers on September 15, 2023 in Wayne, Michigan. This is the first time in history that the UAW is striking all three of the Big Three auto makers, Ford, General Motors, and Stellantis, at the same time.
5d ago

Biden's union bona fides are tested as he scrambles to navigate UAW strike

A prolonged strike would jeopardize economic gains that are the core of Biden’s campaign message, putting his re-election chances at risk.
President Joe Biden.
President Joe Biden.

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