Kohl’s shareholders reject board nominees pushed by activist that urges sale
The department store said Wednesday that shareholders have voted to re-elect all 13 of its director nominees, according to a preliminary tally at its shareholders’ meeting.
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Drivers bemoan high gasoline prices with no relief in sight
President Joe Biden released oil from the Strategic Petroleum Reserve in November and March, hoping to reduce prices. That helped temporarily, but prices shot back up and have stayed stubbornly high.
NIL expert predicts $50,000 minimum pay for Power 5 players
The increasing dollar amounts available to college athletes through the recent formation of collectives has drawn the attention of the NCAA, which this week released guidance for schools in the hopes of maintaining the original intent of NIL compensation.
Virginia rescinds job offer to former Indiana BMV chief Lacy
A former Indiana official had been set to take a job leading Virginia’s Department of Motor Vehicles, but that plan fell apart Tuesday after a newspaper reported allegations that the official had behaved inappropriately at work.
TSA expanding use of screeners to help at busy airports
The chief of the Transportation Security Administration said Tuesday that his agency has quadrupled the number of employees who could bolster screening operations at airports that become too crowded this summer.
Pandemic gets tougher to track as COVID testing plunges
Experts say testing has dropped by 70% to 90% worldwide from the first quarter to the second quarter this year—the opposite of what they say should be happening with new omicron variants on the rise in places such as the United States and South Africa.
‘ManningCast’ comes to golf as PGA gets alternate telecast
ESPN is collaborating with Peyton Manning’s Omaha Productions for the alternate telecast during the PGA Championship.
Parents hunting for baby formula as shortage spans U.S.
Months of spot shortages at pharmacies and supermarkets have been exacerbated by the recall at Abbott, which was forced to close its largest U.S. formula manufacturing plant in February due to contamination concerns.
Fed: Inflation, Ukraine biggest threats to financial system
The observations came in the Federal Reserve’s semiannual Financial Stability Report that looks at trends in trading and investing as well as broad economic issues.
UPDATE: Pair linked to Jared Fogle child porn case get decades in prison
A divorced Indiana couple who shared sexually explicit photos and videos of children with former Subway pitchman Jared Fogle were sentenced Monday.
Wall Street’s losses worsen as markets tumble worldwide
U.S. stocks are tumbling toward their lowest point in more than a year as renewed worries about China’s economy pile on top of markets already battered by rising interest rates.
Marketing deals trickle down from NCAA to high school sports
The contracts have begun to emerge at the high school level after the Indianapolis-based NCAA’s decision last year to allow college athletes to monetize their stardom.
Biden starts program to provide discounted internet service
With the new commitment from the internet providers, some 48 million households will be eligible for $30 monthly plans for 100 megabits per second, or higher speed, service.
Average U.S. gasoline price jumps to near-record
The average price at the pump is $1.36 per gallon higher than it was one year ago.
U.S. added 428,000 jobs in April despite surging inflation
With many industries slowed by labor shortages, companies have been jacking up wages to try to attract job applicants and retain their existing employees. Even so, pay raises haven’t kept pace with the spike in consumer prices.
Anti-discriminatory bank law getting update for modern era
The three major U.S. banking regulators said Thursday they a plan to rewrite much of the outdated regulations tied to a decades-old banking law designed to encourage lending to the poor and racial minorities in the areas where banks have branches.
Postmaster general: Get used to ‘uncomfortable’ rate hikes
Postmaster General Louis DeJoy said he’ll advocate for raising prices until “we have accomplished our objective of projecting a trajectory that shows us being self-sustaining.”
New reality for college sports on full display in Wong case
Leagues, schools and some coaches worry the new free-for-all upends competitive balance, disrupts rosters and pushes more control over NCAA athletic programs to outside forces.
FDA restricts J&J’s COVID-19 vaccine due to blood clot risk
The vaccine was initially considered an important tool in fighting the pandemic because it required only one shot. But the single-dose option proved less effective than two doses of the Pfizer and Moderna vaccines.
As diversity rises, U.S. boards still disproportionately white
More companies are being transparent about the racial breakdown for their board of directors. A big reason for that is because they’re being forced to, with pressure coming from stock exchanges, regulators and investors.