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Business

Verizon sees $4 billion tax-cut boost amid wireless woes

(c) 2018, Bloomberg. Verizon Communications expects a massive windfall from U.S tax cuts to boost 2018 cash flow by $3.5 billion to $4 billion, giving the phone giant a lift during a challenging time. The tax-cut boon helped soften the blow as fourth-quarter earnings missed estimates. The largest U....


Business

Ex-Kellogg workers win appeal on alleged UT religious firing

OGDEN, Utah (AP) — A federal appeals court has ruled in favor of two northern Utah residents who claim they were fired from their jobs at the Kellogg Co. in 2012 because their religious beliefs prevented them from working on Saturdays. Richard Tabura and Guadalupe Diaz argued in their appeal to the...


Business

Kleenex maker slashes up to 13% of jobs as it shutters factories

(c) 2018, Bloomberg. As companies move to boost jobs and pay in the wake of the U.S. tax overhaul, Kimberly-Clark Corp. is going in the opposite direction. The producer of Kleenex tissues and Huggies diapers is cutting 5,000 to 5,500 workers -- or 12 to 13 percent of its headcount -- as part of a...


Government

Sessions interviewed by Mueller team in Russia investigation

Trump Russia Probe

WASHINGTON (AP) — Attorney General Jeff Sessions was interviewed for hours last week in special counsel Robert Mueller’s Russia investigation, the Justice Department confirmed Tuesday. He’s the highest-ranking Trump administration official and first Cabinet member known to have submitted to...


Business

Americans cheer their economy. Their president, not so much

(c) 2018, Bloomberg. President Donald Trump is breaking the convention that when Americans feel good about the economy they credit their leader. Never in recent history have consumers been so buoyant about economic prospects and their financial fortunes while at the same time so down on the...


Business

Johnson & Johnson loses appeal on validity of Remicade patent

(c) 2018, Bloomberg. Johnson & Johnson’s patent on its top-selling arthritis drug Remicade is invalid, a U.S. appeals court ruled Tuesday in a defeat to the drugmaker that just last week lost a patent on another blockbuster medicine. The antibodies covered by this patent were already disclosed in...


Business

More truckers are saying they're running out of capacity

Special To The Washington Post. Should we be concerned? Truckers seem to be running out of room. That seems to be the takeaway from this year’s State of the North American Supply Chain study from transportation company Averitt Express. The report, which polled 1,600 shippers in late 2017, found...


Business

Welcome to the new reality of leaping U.S. Treasury debt sales

(c) 2018, Bloomberg. The world’s biggest bond market is about to get a taste of the future, with the U.S. Treasury expected to unveil bigger note sales for the first time since 2009 to fund deficits that are likely to deteriorate for years to come. Treasury Secretary Steven Mnuchin’s debt-...


Business

Facebook will 'do better' to stem abuse, Sandberg vows

(c) 2018, Bloomberg. Facebook promised “to do better” to boost privacy, stem the spread of hate speech and clamp down on the abuse of the social network to influence votes, Chief Operating Officer Sheryl Sandberg told a Brussels audience, including a European Union commissioner. “We know that tech...


Government

Correction: Budget Battle-Inside the Room story

WASHINGTON (AP) — In a story Jan. 22 about (topic), The Associated Press reported erroneously that the stick Sen. Collins wielded was Native American. A spokesman for Sen. Heidi Heitkamp, who gave the stick to Collins, says it is from the Maasai culture in Africa. A corrected version of the story...


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