Business News and trends.
Thomas Catenacci The price of lumber has skyrocketed to a record high and four times its usual price at this time of year, causing a spike in homebuilding costs, The Wall Street Journal reported. Lumber futures, or the market price for wood, reached a record $1,500.50…
Read More Lumber Prices Reach Record Heights Causing Home Prices To Surge
The Department of Justice, together with the Federal Trade Commission (FTC), announced a $20 million settlement resolving alleged violations of the FTC Act and the Fair Credit Reporting Act (FCRA), including violations of the Red Flags Rule. The settlement includes $15 million in civil penalties,…
Read More Vivint Smart Home to Pay $20 Million for Violating the Fair Credit Reporting Act
Software company, SAP SE, headquartered in Walldorf, Germany, has agreed to pay combined penalties of more than $8 million as part of a global resolution with the U.S. Departments of Justice (DOJ), Commerce and Treasury. In voluntary disclosures the company made to the three agencies,…
Read More German Based SAP Admits to Thousands Of Illegal Exports Of Its Software Products To Iran, Entered Non-Prosecution Agreement With DOJ
TAMPA, Fla. – Signode Industrial Group LLC (Signode), a leading transit-packaging provider, is relocating its corporate headquarters from Glenview, Illinois to Tampa, Florida. The new office will be located at Hidden River Corporate Park in Tampa, and house executive, senior, and mid-level management as well…
Read More Signode Relocating Its Corporate Headquarters To Tampa, Creating 200 New Jobs
TAMPA, Fla.- President Joe Biden, Democrats in general, Dr. Anthony Fauci, and lovers of lockdowns, seem content to cudgel us with COVID into becoming wards of the state. How effective have they been in convincing some of us that Uncle Sam is indeed just a…
Read More As Business Owners Seek Workers, Government Stipends Keep Them On The Sidelines
Thomas Catenacci Target CEO Brian Cornell received a pay raise amid the pandemic last year, boosting his total compensation to 805 times the salary of a median Target employee, Axios reported. Target paid Cornell $19.75 million in 2020, an increase of nearly $800,000 from the…
Read More Target CEO Made Nearly $20 Million, 805 Times More Than Median Employee In 2020 Amid Pandemic
Today, Governor Ron DeSantis announced a historic gaming compact between the State of Florida and the Seminole Tribe of Florida. The agreement will generate the state a minimum of $2.5 billion in new revenue over the next five years and an estimated $6 billion through…
Read More Gov Ron. DeSantis Strikes Historic Gaming Compact with Seminole Tribe of Florida
CLEARWATER, Fla. – The city of Clearwater’s Community Redevelopment Agency has adopted three new business assistance grant programs for commercial property owners and tenants starting May 3. The programs total more than $1.5 million over two years and are at three varying levels that address…
Read More City of Clearwater Offering $1.5 Million In Grant Funding To Business, Property Owners
Thomas Catenacci Boeing warned airlines of a potential electrical issue in dozens of recently-delivered aircraft in a major setback for the plane manufacturer. American airplane maker Boeing warned 16 customers that they must address an electrical “ground path” issue before operating the planes, according to a Friday press…
Read More Electrical Issue Grounds Dozens Of Newly Delivered Boeing 737 MAX JetsThomas Catenacci Workers at an Amazon warehouse in Bessemer, Alabama, overwhelmingly rejected a bid to unionize, according to a National Labor Relations Board (NLRB) tally of the vote. More than half of the workers who cast votes in the Bessemer, Alabama election voted against unionization,…
Read More Amazon Warehouse Workers Overwhelmingly Reject Unionization Bid, Organizers Cry Foul