Announcements for new business

___ ‘What recession?‘: US employers add 528,000 jobs in July WASHINGTON (AP) — U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good news heading into the midterm elections. Unemployment dropped another notch, from 3.6% to 3.5%, matching the more than 50-year low reached just before the pandemic took hold. The economy has now recovered all 22 million jobs lost in March and April 2020 when COVID-19 slammed the U.S. The red-hot numbers were reported Friday by the Labor Department. Economists had expected only 250,000 new jobs last month, in a drop-off from June’s revised 398,000. Instead, July proved to be the best month since February. ___ Hourly workers still have leverage as US hiring booms NEW YORK (AP) — As inflation skyrockets, hourly workers keep changing jobs in pursuit of higher wages. And with unemployment still near a 50-year low, … [Read more...] about Business Highlights: July jobs, Musk countersuit

___ Axios Media is sold to Cox Enterprises NEW YORK (AP) — Axios Media is being acquired by Cox Enterprises, which says it plans to push the online news provider into new markets while broadening its coverage. Axios, citing sources, reported Monday that the deal is worth $525 million. Cox, a conglomerate whose other media companies include The Atlanta Journal-Constitution and Dayton Daily News, first became an investor in Axios last year. Axios co-founders and former Politico journalists Jim VandeHei, Mike Allen and Roy Schwartz will continue to hold substantial stakes in the company and will lead editorial and day-to-day business decisions. ___ Wall Street end flat as investors await inflation updates NEW YORK (AP) — Stocks closed flat on Wall Street as investors prepare for a busy week of updates on inflation. The S&P 500 gave up early gains and closed down 0.1% Monday, while the Dow Jones Industrial Average edged higher and the Nasdaq fell slightly. Small-company … [Read more...] about Business Highlights: Axios sold, Pfizer buying spree

Munugode MLA, Komatireddy Raj Gopal Reddy announced his resignation from the Congress and also as a legislator but refused to give more details about his joining the Bharatiya Janata Party (BJP) even as he maintained that only BJP can defeat the Chief Minister, K. Chandrashekhar Rao. At a hurriedly called press conference on Tuesday evening, he said he would meet the Assembly Speaker after taking his time to submit the resignation. On whether he would contest again in the bypoll, he said he had not taken any decision so far but will consult the people before making up his mind. On joining the BJP, he refused to give any details now. “I will take a decision whether to join any other party or not after discussing with my constituency people,” he said. A week ago, he gave enough hints that he would join the BJP after consulting his followers. The Munugode MLA tried to portray his resignation as a weapon for the development of his constituency accusing Chief Minister K. Chandrasekhar … [Read more...] about Raj Gopal Reddy announces resignation from Congress

The latest iteration of the Senate Democrats’ reconciliation bill, known as the “Inflation Reduction Act,” would raise taxes on thousands of small and mid-sized businesses across the country, according to Americans for Tax Reform (ATR). Senate Democrats changed the language of their new minimum corporate book tax, which would now hit small and midsized businesses well below the $1 billion profit threshold the tax intended to hit. The new tax would impose a 15 percent minimum tax on the book income of “applicable corporations.” However, the latest change to the book tax would impact any business with private equity in its capital structure. As John Kartch, vice president of ATR’s communications, said , “Any business that has [private equity] in its capital structure is now considered a subsidiary of that firm and thus subject to 15% book tax.” BREAKING: Dem bill raises taxes on small and mid-sized businesses. Any business that has PE in its capital structure is now … [Read more...] about Latest Version of Reconciliation Bill Raises Taxes on Small Businesses

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sir Nick Clegg , the president of global affairs at Facebook’s parent company Meta , is to return partly to the UK as part of his role with the tech giant, it has been confirmed. The former deputy prime minister and Liberal Democrat leader will divide his time between Meta’s California headquarters and London – using the UK as a base to travel Europe and Asia because of the global nature of his work, the company said. The change comes after it was confirmed another Meta executive, Instagram boss Adam Mosseri, would also temporarily relocate to London later this year. London is a major hub for Meta, with more than 4,000 people employed across its offices in the city. Sir Nick has become a key executive alongside Facebook founder and Meta boss Mark Zuckerberg , having been promoted from … [Read more...] about Sir Nick Clegg to return to London as part of Meta global affairs role

Poundland has announced plans to open or relocate 25 stores by the end of the year. The first round of new shop openings will happen between August and September as part of the discounter's latest expansion plans. Poundland has yet to reveal all the locations of its new or relocated stores, but it has confirmed the shops that are on track to open in the next few weeks. You can see a full list of all the towns and cities confirmed so far at the bottom of this article. Poundland is expected to announce further locations in the coming weeks. The planned summer openings will offer create 150 full and part-time jobs. Poundland has also today announced that it will cut the price of 1,000 items, across DIY, gardening, kitchenware, homeware and stationery. Savings include a robot block pencil case reduced to 25p, while in gardening, sale items include a Squirrel feeder for just £2. Its newly-acquired Poundshop.com business has also unveiled a Value Heroes range, which … [Read more...] about Poundland to open 25 new stores by the end of the year – see list of locations

LAST week Greenpeace marked its 40th anniversary by bringing the state-of-the-art new Rainbow Warrior to London. Its maiden voyage from the campaigning group's international HQ in Amsterdam to a berth near the Mirror office in Canary Wharf was aided by a famous crew member - Radiohead singer Thom Yorke. Before the Rainbow Warrior III embarked on its European tour, Mirror journalist Tom Parry was given a guided tour of the ship at a dockyard in Bremen, Germany. --------------------- AS skipper of the Rainbow Warrior, British sailor Derek Nicholls has sailed around the world more times than he cares to remember. A veteran Greenpeace campaigner, he has also been banged up six times in cesspit foreign jail cells, banned from entering Europe for five years and attacked by Norwegian whalers. But gazing up at the gleaming 150-feet masts of the newly-built Rainbow Warrior III, Derek, 61, says he’s eager for more confrontation – and ready to steer the world’s ecological flagship … [Read more...] about Greenpeace 40th anniversary: Tom Parry takes a tour of the new Rainbow Warrior

This is a carousel. Use Next and Previous buttons to navigate 11 TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis suspended the elected state prosecutor of Tampa on Thursday for pledging not to enforce the state's new 15-week abortion ban and for supporting gender transition treatments for minors. The Republican governor announced the suspension of Hillsborough County State Attorney Andrew Warren at a news conference in the county's sheriff's office. “When you flagrantly violate your oath of office, when you make yourself above the law, you have violated your duty, you have neglected your duty and you are displaying a lack of competence to be able to perform those duties," DeSantis said to cheers. The suspension comes as DeSantis runs for reelection in Florida and builds his national profile as a potential 2024 Republican presidential candidate through near constant criticism of liberal … [Read more...] about DeSantis suspends elected prosecutor over new abortion law

India's new privacy law draft is "very close" to being released and the government is targeting a parliamentary approval by early 2023, the country's IT minister told Reuters on Wednesday. (Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.) India's government had earlier in the day withdrawn the data protection and privacy bill , which was first proposed in 2019 and had alarmed big technology companies such as Facebook and Google, announcing it was working on a new comprehensive law. "We have started the drafting of the new bill, which is in good advanced stages," minister Ashwini Vaishnaw said, saying the draft release was "very close". … [Read more...] about India targets early 2023 approval for new privacy bill, says minister

close Video Fox News Flash top headlines for August 5 Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. NEW You can now listen to Fox News articles! Local and federal law enforcement agencies in New Mexico are investigating whether the murders of three Muslim victims over the past several months are connected, according to a local affiliate report. The Albuquerque Police Department and the local Field Office of the FBI announced Thursday that three murders, including one dating back to November 2021, are possibly connected, noting "one strong commonality with the victims: the race and religion," said Kyle Hartsock, deputy commander of the Albuquerque Police Department’s Criminal Investigation Division, according to KRQE News 13. The first incident was reported in early November 2021, when 62-year-old Mohammad Ahmadi was discovered shot and killed in the rear parking lot of a halal café located at the … [Read more...] about New Mexico FBI, police investigating if shooting deaths of 3 Muslim men are connected