Business Stories from August 17, 2022 (Change date)
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Seattle CEO who cut his pay so workers earned $70K resignsAug 17, 2022 7:00 am - SEATTLE (AP) - A Seattle CEO who announced in 2015 that he was giving himself a drastic pay cut to help cover the cost of big raises for his employees has announced his ...
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Judge: Pharmacies owe 2 Ohio counties $650M in opioids suitAug 17, 2022 7:00 am - CLEVELAND (AP) - A federal judge in Cleveland awarded $650 million in damages Wednesday to two Ohio counties that won a landmark lawsuit against national pharmacy chains...
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Bank of America's overdraft fees down 90% under new policyAug 17, 2022 7:00 am - NEW YORK (AP) - Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and elimi...
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Amazon testing TikTok-style feed on its app, AI firm saysAug 17, 2022 7:00 am - NEW YORK (AP) - Amazon appears to be getting the TikTok bug, joining other companies seeking to hold consumers' attention by introducing replicas of the popular social p...
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US retail sales were flat in July as inflation takes a tollAug 17, 2022 7:00 am - WASHINGTON (AP) - The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many Americans to spend mo...
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Chinese factories close as drought hurts hydropowerAug 17, 2022 7:00 am - BEIJING (AP) - Factories in China's southwest have shut down after reservoirs used to generate hydropower ran low in a worsening drought, adding to economic strains at a...
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Hoffman Estates to consider tax incentive for redevelopment near I-90, bus terminalAug 17, 2022 5:30 am - Hoffman Estates village board members are poised to approve a tax incentive to encourage private redevelopment and the public improvements that would accompany it on 124...
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O'Donnell: With "Louisville Million," Churchill Inc. dissed the legacy of Dick DuchossoisAug 17, 2022 1:00 am - CHURCHILL DOWNS INC. HAS a market capitalization that touches $8 billion. That's a nice number for a corporation that specializes in little more than gaming pies in the ...
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Business owners invited to Libertyville listening sessionsAug 17, 2022 1:00 am - Libertyville officials are inviting local business owners to participate in virtual listening sessions on Sept. 13. Two small-group meetings are a continuation of sessi...
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Elk Grove Village freight company plans to move to Des PlainesAug 17, 2022 1:00 am - An Elk Grove Village freight company plans to relocate to Des Plaines, bringing at least 70 full-time employees with it, city officials announced this week. Highland...