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Dec 24 2024BUSINESS

Merging Car Giants: Challenges and Pitfalls

Big names in the car industry, like Honda and Nissan, might be considering a merger to split costs and stay competitive. But mergers aren't always a smooth ride. They're tough to pull off, especially when two huge companies with different ways of doing things come together. Imagine trying to blend

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Dec 24 2024BUSINESS

Flights Back On After American Airlines Tech Glitch

Early on Tuesday morning, American Airlines hit a snag that grounded all their flights in the US. The problem? A tech issue with one of their vendors. But don't worry, they were back in the air by 8 am ET. The Federal Aviation Administration (FAA) lifted their groundstop order, and flights resumed,

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Dec 24 2024BUSINESS

Steel Sale Deadlock: Biden to Settle Nippon Steel's US Bid

President Joe Biden now holds the cards in the sale of United States Steel Corp. to Japan's Nippon Steel Corp. The Committee on Foreign Investment in the United States couldn't agree on the deal, pushing the final call to Biden. This happened on Monday, the deadline for the panel's review. Both side

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Dec 24 2024BUSINESS

Walmart and Branch: Are Drivers Paying Unfair Fees?

The U. S. consumer finance watchdog, also known as the Consumer Financial Protection Bureau (CFPB), has filed a lawsuit against Walmart and Branch Messenger. Why, you ask? Well, they claim that over a million delivery drivers were forced to use accounts that charged them way too many fees. We're tal

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Dec 24 2024BUSINESS

Small Biz Gets Real About Transparency

Imagine this: your small business, which you've poured your heart into, now has to share personal info like your home address and ID with the government. Seems invasive, right? Well, that's what the Corporate Transparency Act (CTA) is all about. This law, aimed at stopping money laundering, was rece

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Dec 24 2024BUSINESS

Joliet Gets a New Retail Gem: Burlington Moves into Old Bed, Bath & Beyond Space

It’s been over two years since Bed, Bath & Beyond decided to close its doors in Joliet as part of a large-scale reduction. Now, the city is seeing a silver lining in this change. The once-empty Bed, Bath & Beyond store at 2850 Plainfield Road is currently being revamped. Guess who’s moving in? Burli

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Dec 24 2024BUSINESS

LOT Polish Airlines Opens Its First Business Lounge in America

Ever wondered where to relax when flying with LOT Polish Airlines? Their first business lounge just opened at Chicago O'Hare! It's not just for LOT passengers; anyone flying with Star Alliance can chill there too. Located in Terminal 5, the lounge has a sleek, minimalist design with amber colors and

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Dec 24 2024BUSINESS

Walmart's Banking Deal for Drivers Sparks Controversy

It's been quite a stir in the world of delivery services. The Consumer Financial Protection Bureau (CFPB) has slammed Walmart and the fintech company Branch Messenger with a lawsuit. The accusation? Forcing over a million delivery drivers to use pricey deposit accounts to get their paychecks without

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Dec 23 2024BUSINESS

The Container Store Seeks Fresh Start with Bankruptcy

We've all heard about big-name stores struggling, and now, The Container Store is the latest to face challenges. The 46-year-old retailer filed for bankruptcy to improve its financials, kickstart growth, and boost long-term profits. It owes around $230 million but has only $11. 8 million in cash. Fo

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Dec 23 2024BUSINESS

The US Eyes China's Semiconductor Industry

The United States has started an investigation into China's methods of supporting its semiconductor industry. This probe comes just before a new president takes office and focuses on what Washington calls "foundational" chips. These chips are used in various industries like cars, healthcare, and inf

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