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Amazon Asks Federal Judge to Dismiss FTC’s Antitrust Lawsuit

Attorneys for Amazon on Dec. 8 asked a federal judge to dismiss the Federal Trade Commission’s antitrust lawsuit against the e-commerce giant.

December 11, 2023

FTC Opens Inquiry of Chevron-Hess Merger

The Federal Trade Commission is investigating Chevron’s acquisition of Hess oil company, the second inquiry the independent agency has opened recently of a major oil industry merger.

December 11, 2023

Holiday Crowds on Roads Expected to Be Bigger Than Last Year

More Americans are expected to fly or drive far from home over Christmas than they did last year, putting a cap on a busy year for travel.

December 11, 2023

Biden Touts $8.2 Billion in New Passenger Rail Projects

President Joe Biden announced $8.2 billion in new funding for infrastructure projects across the U.S. on Dec. 8, much of it involving rail travel.

December 11, 2023

Supply Chain Coalition Presses Background Check Reform

A broad-based supply chain coalition is urging Congress to quickly pass legislation that would eliminate duplicative background security checks for truck drivers and other workers.

December 11, 2023

DoorDash to Be Added to Nasdaq 100; Zoom to Be Removed

DoorDash will be joining the Nasdaq 100 Index while Zoom Video Communications will be removed as part of the annual makeover of the tech-heavy benchmark.

December 11, 2023

Occidental to Buy CrownRock for $10.8 Billion

Occidental Petroleum agreed to buy Texas shale driller CrownRock in a cash-and-stock deal valued at $10.8 billion as consolidation heats up in North America’s most-prolific oil basin.

December 11, 2023

Jacobs Names New Company QXO, Dealing in Building Materials

Brad Jacobs, the executive chairman of less-than-truckload carrier XPO Inc., announced on Dec. 11 he plans to target the building products industry in his latest business venture.

December 11, 2023

DHL Express Workers Strike at Cincinnati Air Cargo Hub

More than 1,100 unionized DHL Express workers walked off the job at Cincinnati/Northern Kentucky International Airport, a critical logistics hub for the package delivery company.

December 8, 2023

Labor Market Solid With 199,000 Jobs Added in November

The nation’s employers added a solid 199,000 jobs in November and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing.â€

December 8, 2023