The small-town drugstore closed for the last time on a clear and chilly afternoon in February. Jon Jacobs, who owned Yough Valley Pharmacy, hugged his employees goodbye. He cleared the shelves and packed pill bottles into plastic bins. Mr. Jacobs, a 70-year-old pharmacist, had spent more than half his life …
Read More »Boeing and Union Leaders Reach New Proposal to End Strike
Leaders of Boeing’s largest union said on Saturday that they had reached a “negotiated proposal” for a new contract and would put it up for a vote to end a long and expensive strike. In a post on its website on Saturday, the union said that “with the help of …
Read More »Frozen Waffle Products Are Recalled Over Listeria Risk
Nearly 700 frozen waffle products, some of them sold under the brands of major retailers like Kroger, Target and Walmart, were recalled on Friday over concerns of potential contamination with the bacteria Listeria monocytogenes, according to their manufacturer. The manufacturer, TreeHouse Foods, issued a voluntary recall and said in a …
Read More »Halloween’s Mutation: From Humble Holiday to Retail Monstrosity
On Nov. 1, 1876, The New York Times declared Halloween “departed,” destined for the grave. In 2024, consumers are expected to spend $11.6 billion celebrating the holiday, up from $3.3 billion in 2005. Perhaps it is time to eat some crow. Halloween, steeped in tradition, has transformed from a pagan …
Read More »Money Market Rates Are Lower, Yes. But Compared to What?
When money market interest rates broke above 5 percent last year, it was a wake-up call for many investors who had grown accustomed to getting almost nothing for their money at banks. Hundreds of billions of dollars flowed into the funds, which swelled in size month after month. Now that …
Read More »At the Grocery Store, Blinded by the Light of the ‘Health Halo’
shop talk At the Grocery Store, Blinded by the Light of the ‘Health Halo’ The term refers to the perception that a food product is generally good for us based on a single claim, casting subliminal power over our diets and dollars. By Dani Blum This article is part of …
Read More »Veterans Dept. Investigating Acadia Healthcare for Insurance Fraud
The Veterans Affairs Department is investigating whether Acadia Healthcare, one of the country’s largest chains of psychiatric hospitals, is defrauding government health insurance programs by holding patients longer than is medically necessary, according to three people with knowledge of the inquiry. The investigation, led by the agency’s inspector general, comes …
Read More »CVS Ousts Karen Lynch as C.E.O. and Shares Fall
CVS Health abruptly ousted its chief executive, Karen S. Lynch, on Friday as the pharmacy and health care conglomerate struggled with sluggish growth and faced pressure from investors. The company appointed David Joyner, the head of CVS Caremark, its successful unit overseeing prescription drug benefits, as the new chief. The …
Read More »Tesla Self-Driving System Will Be Investigated by Safety Agency
Tesla’s plan to build fleets of self-driving cars suffered a setback on Friday when the main federal auto safety regulator said it was investigating whether the technology was to blame for four collisions, including one that killed a pedestrian. The regulator, the National Highway Traffic Safety Administration, said it was …
Read More »Electric Vehicles May Be Struggling. G.M.’s Leader Is Still a Believer.
Electric vehicles have had a hard year. Sales have been disappointing. Former President Donald J. Trump has regularly disparaged them. And even many environmentally conscious car buyers have been choosing hybrids instead. Yet the chief executive of General Motors, Mary T. Barra, says the company is still committed to doing …
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