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Business Stories from May 25, 2023 (Change date)

Xfinity signs on as a partner for first Chicago Street Race Weekend

Assocaited Press
May 25, 2023 1:00 am - Xfinity has signed on as a founding partner for NASCAR's first Chicago Street Race Weekend, giving the event another corporate sponsor. NASCAR announced the agreement on...
2 planes aborted landings in San Francisco when a Southwest jet taxied across their runways

Associated Press
May 25, 2023 1:00 am - SAN FRANCISCO (AP) - Two airliners aborted landings at San Francisco International Airport last week after pilots spotted a Southwest Airlines jet taxiing across runways...
More Americans apply for jobless benefits but labor market remains tight

By MATT OTT AP Business Writer
May 25, 2023 1:00 am - U.S. applications for jobless claims rose slightly last week but remain at healthy levels with companies reticent to let go of employees in a tight labor market. The num...
COVID pill Paxlovid gets full FDA approval after more than a year of emergency use

By MATTHEW PERRONE AP Health Writer
May 25, 2023 1:00 am - WASHINGTON (AP) - Pfizer received full approval on Thursday for its COVID-19 pill Paxlovid that's been the go-to treatment against the coronavirus. More than 11 million ...
Naperville police: 5 businesses failed tobacco compliance check

Daily Herald report
May 25, 2023 1:00 am - Naperville police officers issued citations to five businesses for failing to pass a tobacco and alternative nicotine product compliance check. Smoke Arena, Casey's and ...
Kids could fill labor shortages, even in bars, if these lawmakers succeed

By HARM VENHUIZEN Associated Press/Report for America
May 25, 2023 1:00 am - MADISON, Wis. - Lawmakers in several states are embracing legislation to let children work in more hazardous occupations, longer hours on school nights and in expanded r...
Walgreens to cut 10% of corporate workforce

Chicago Sun-Times
May 25, 2023 1:00 am - Walgreens Boots Alliance, facing a pileup of financial obligations for opioid litigation and other legal matters, is laying off 504 corporate employees. Spokesman Marty ...
Companies are finding it's not so simple to leave Russia. Some are quietly staying put

By DAVID McHUGH AP Business Writer
May 25, 2023 1:00 am - When Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of Russia immediately, others curtailing imports or new investmen...
U.S. economic growth for last quarter is revised up to a still-tepid 1.3% annual rate

By PAUL WISEMAN AP Economics Writer
May 25, 2023 1:00 am - WASHINGTON - The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the ...

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