Business News – Page 35 – Deltaplex News

Justice Department to announce lawsuit against Live Nation over ticket prices: Sources

Thursday, May 23 by ABC News

(WASHINGTON) -- The Justice Department and a group of state attorneys general are expected to announce an antitrust lawsuit against Live Nation as soon as Thursday over Ticketmaster's dominance over the concert ticket sales market, two sources familiar with the matter told ABC News... Read More.

Red Lobster voluntarily files for Chapter 11 bankruptcy

Tuesday, May 21 by ABC News

(NEW YORK) -- Red Lobster has voluntarily filed for Chapter 11 bankruptcy, according to a recent press release shared with ABC News.The largest seafood chain in the U.S., home to Cheddar Bay biscuits, Lobsterfest, Ultimate Endless Shrimp and more, filed the legal action on... Read More.

Target to cut prices on 5,000 items: See which items will cost less

Tuesday, May 21 by ABC News

(NEW YORK) -- Retail giant Target announced Monday it is lowering prices on around 5,000 items in its stores across the country.The Minneapolis-based retailer said the price cuts are meant to both make sure its prices stay competitive and help consumers who are feeling... Read More.

Wendy’s launches $3 English muffin breakfast combo amid soaring prices in fast food

Tuesday, May 21 by ABC News

(NEW YORK) -- Wendy’s is enticing its customers with a new deal amid increased prices at fast food chains.Beginning Monday, May 20, customers can get a breakfast combination deal from Wendy’s for only $3, according to a press release from the chain.The meal combo... Read More.

Is it too late to join the bull market? Experts weigh in.

Monday, May 20 by ABC News

(NEW YORK) -- The blazing hot stock market seems to set new records just about every day.The Dow Jones Industrial Average stands above 40,000 for the first time in history, after climbing nearly 20% since October. Over that period, the S&P 500 and the... Read More.

Trump trusted more than Biden on inflation, a top issue for voters, poll shows

Saturday, May 18 by ABC News

(NEW YORK) -- U.S. adults trust former President Donald Trump over President Joe Biden on the issue of inflation by a double-digit margin, according to a new ABC News/Ipsos poll this month, which found that price increases remain a top concern for voters, with... Read More.

Mercedes-Benz workers in Alabama vote against joining UAW, a blow to unions expansion in the South

Friday, May 17 by ABC News

(TUSCALOOSA, Ala.) -- Thousands of Mercedes-Benz workers in Alabama voted against joining the United Auto Workers (UAW) on Friday, delivering a significant defeat for the union one month after it prevailed at a Volkswagen facility in nearby Tennessee.Workers at a Mercedes-Benz plant near Tuscaloosa,... Read More.

Dow Jones Industrial Average hits 40,000 for the 1st time

Thursday, May 16 by ABC News

(NEW YORK) -- The Dow Jones Industrial Average crossed 40,000 for the first time in history on Thursday.This is a significant and symbolic milestone for the index that tracks 30 of the most valuable publicly traded companies in the U.S.The Dow is now up... Read More.

New inflation data could signal cheaper grocery prices, more discounts, expert says

Thursday, May 16 by ABC News

(NEW YORK) -- As Americans continue to experience sticker shock with volatile food costs, a slight ease of inflation last month could provide relief for consumers' wallets -- particularly at the grocery store.Food prices rose at a much slower pace than overall inflation since... Read More.

Walgreens announces it will sell generic version of over-the-counter Narcan

Wednesday, May 15 by ABC News

(NEW YORK) -- Walgreens Boots Alliance announced Wednesday that it plans to sell its own generic version of the overdose reversal drug Narcan.Narcan is given as a nasal spray and the active ingredient in the medication -- naloxone -- can quickly restore breathing if... Read More.

Cream cheese recalled over salmonella concerns sold at Aldi, Hy-Vee

Wednesday, May 15 by ABC News

(NEW YORK) -- Aldi and Hy-Vee shoppers, check your refrigerator for cream cheese products that have been recalled due to possible salmonella contamination.Details of Aldi, Schreiber Foods, and Hy-Vee cream cheese recalls"In cooperation with Schreiber Foods, Inc., and out of an abundance of caution,... Read More.

Inflation cooled slightly in April, ending monthslong surge in prices

Wednesday, May 15 by ABC News

(WASHINGTON) -- Consumer prices rose 3.4% in April compared to a year ago, slowing slightly from the previous month and offering a welcome sign for the Federal Reserve in its yearslong inflation fight. The fresh data matched economists' expectations.After falling dramatically over the course... Read More.

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