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Business News

Saturday, Mar 23, 2019 at 12:48 PM EDT

Calif. Restaurant to Pay $34K in Hidden Surcharge Lawsuit

Calif. Restaurant to Pay $34K in Hidden Surcharge Lawsuit

A restaurant along the water at a San Diego resort was slapped with a $34,500 fine to settle a lawsuit filed by the city attorney’s office after the eatery – despite a warning – continued to charge customers...

Friday, Mar 22, 2019 at 06:48 PM EDT

Maine Lawmaker Proposes Seasonal Gas Tax Aimed at Tourists

Maine Lawmaker Proposes Seasonal Gas Tax Aimed at Tourists

Could Maine's summer tourists pay more for gas? One Maine lawmaker believes visitors should chip in to help cover $150 million in annual road repairs currently being deferred each year. Maine State Rep. Andrew...

Friday, Mar 22, 2019 at 01:56 PM EDT

IRS Giving Millions a Pass on Penalties for 2018 Underpayment

IRS Giving Millions a Pass on Penalties for 2018 Underpayment

The IRS once again is making it easier on taxpayers facing unexpected penalties following implementation of the Tax Cuts and Jobs Act. Individuals who failed to pay a certain percentage of their federal tax...

Friday, Mar 22, 2019 at 11:54 AM EDT

GM Announces Jobs, Electric Vehicle After Trump Criticism

GM Announces Jobs, Electric Vehicle After Trump Criticism

Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of...

Friday, Mar 22, 2019 at 11:23 AM EDT

The Bond Market Is Flashing Its Biggest Recession Sign Since Before the Financial Crisis

The Bond Market Is Flashing Its Biggest Recession Sign Since Before the Financial Crisis

Federal Reserve Chairman Jerome Powell’s assertion this week that the U.S. economy remains strong is facing a stern test from the bond market, which showed a classic recession sign Friday morning. Short-term...

Friday, Mar 22, 2019 at 01:48 AM EDT

CVS to Sell CBD Products in 800 Stores in 8 States

CVS to Sell CBD Products in 800 Stores in 8 States

CVS Pharmacy announced Wednesday it will begin selling hemp-derived CBD products in eight states. The national drug store chain will be marketing the topical cannabidiol products, such as creams, sprays and...

Thursday, Mar 21, 2019 at 04:02 PM EDT

New Dunkin' Sneakers Released Ahead of Boston Marathon

New Dunkin' Sneakers Released Ahead of Boston Marathon

Two Massachusetts companies are once again teaming up ahead of the 2019 Boston Marathon in hopes of keeping "Bostonians running." Canton-based Dunkin' and Waltham-based Saucony have released their limited-edit...

Thursday, Mar 21, 2019 at 01:49 PM EDT

MillerCoors Sues Anheuser-Busch for Controversial Bud Light Super Bowl Ad

MillerCoors Sues Anheuser-Busch for Controversial Bud Light Super Bowl Ad

MillerCoors filed a lawsuit Thursday against Anheuser-Busch InBev, claiming that its rival’s Bud Light ad shown during the Super Bowl is false advertising meant to deceive customers and misuses the Miller and...

Thursday, Mar 21, 2019 at 06:55 PM EDT

TD Bank Apologizes After Ad Called Out for Racism

TD Bank Apologizes After Ad Called Out for Racism

TD Bank has apologized after an ad in one of its Boston branches was called out on social media for having racist undertones as the city's mayor expressed his outrage. "We are sorry that an ad that appeared in...

Thursday, Mar 21, 2019 at 12:14 PM EDT

Back in Stock: Levi Strauss Returns to Wall Street With IPO

Back in Stock: Levi Strauss Returns to Wall Street With IPO

Levi Strauss & Co., which gave America its first pair of blue jeans, is public again, for the second time. The 166-year-old company, which owns the Dockers and Denizen brands, previously went public in 1971,...

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