Lego says profits increased by 5% in 2022 from a year earlier and sales roles even as it raised prices on higher-ticket toys
Category: Business News
Hong Kong’s Cathay Pacific Posts $834 Million Loss for 2022
Cathay Pacific Airways Ltd
Wall Street Steadies Itself a Day After Its Steep Tumble
Stocks drifted to a mixed close on Wall Street a day after sinking to one of their worst days of the year
US Sues to Block JetBlue From Buying Spirit Airlines
The Biden administration is suing to block JetBlue Airways from buying Spirit Airlines, saying the deal would reduce competition and drive up air fares for consumers
SoFi Bank Sues to Block Biden’s Student Loan Payment Pause
A private bank is trying to force the Biden administration to end its pause on federal student loan payments, arguing that the moratorium has no legal basis and has cost the bank millions of dollars in profits
Oil CEO Who Will Head 2023 Climate Talks Calls for Change
A top oil company CEO who will lead international climate talks later this year told energy industry power players on Monday that the world must cut emissions 7% each year and eliminate all emissions of the greenhouse gas methane — strong comments from an oil executive
Toblerone Drops Iconic Design Due to Rules on ‘Swissness’
The makers of Toblerone are stripping images of Switzerland’s famed Matterhorn and the Swiss flag from the packaging of the milk-chocolate treat as it moves some production to Slovakia
South Carolina Offers $1.3B to New Scout Electric SUV Maker
South Carolina’s governor says he is going to ask lawmakers to approve nearly $1.3 billion to bring to the state a new electric vehicle plant
Made in the USA? Proposed Rule Clarifies Grocery Meat Labels
Federal agriculture officials are proposing a new rule that would clarify the meaning of meat labels that say foods are “Made in the USA.”
In ‘Junk Fee’ Fight, US Details Airline Family Seating Rules
The government is rolling out a new “dashboard” that lets travelers see which which airlines let families with young children sit together on flights at no extra cost
Kansas Plan Keeping Low Wages for Disabled Angers Advocates
Kansas legislators are considering a proposal that many disability rights advocates say could help employers who pay disabled workers less than the minimum wage, bucking a national trend
Altria Invests $2.75B in Rival Startup NJOY After Juul Exit
Days after exiting its stake in troubled electronic cigarette maker Juul Labs, Altria announced a $2.75 billion investment in electronic cigarette startup NJOY Holdings Inc. As part of the deal, tobacco company Altria Group Inc., which makes Marlboro cigarettes, will have full global ownership of NJOY’s e-vapor product portfolio, including pod-based e-vapor product NJOY ACE