Tag: business news today

This week’s business news includes a Bell milestone and USDA updates

The Bell H-1 Fleet surpasses half a million flight hours

FORT WORTH – The current H-1 fleet of AH-1Z Vipers and UH-1Y Venoms reached a major flight milestone by surpassing the 500,000-flight hour mark. Nearly 400 AH-1Z and UH-1Y helicopters, built by Bell Textron Inc., a Textron Inc company and operated by the US Marine Corps and their allies, combined to achieve the milestone.

“The H-1 continues to be the premier example of a family of aircraft that can do more with less and deliver unmatched interoperability and expeditionary agility,” said Mike Deslatte, Bell H-1 vice president and program director.

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Retail sales bolster case for Bank of Canada July rate hike

Canadians are still spending despite high inflation and interest rates

Published June 21, 2023 • Last updated 6 days ago • 2 minute read

Retail sales are on the rise after two months of declines, suggesting Canadians' spending power remains resilient.
Retail sales are on the rise after two months of declines, suggesting Canadians’ spending power remains resilient. Photo by Peter J. Thompson/National Post

Sales at retail stores are on the rise after two months of declines, suggesting Canadians’ spending power remains resilient despite tightening economic conditions.

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Estate Planning: 5 Things to Consider

If you are preparing to draft your estate plan with your estate planning attorney, there are a variety of issues that you will need to think about before your documents can be finalized.

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Prior to drafting your estate plan, we recommend that you give some thought to the following items:

  1. How do you want your money and assets handled if you die? Do you want any restrictions? If you are
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Instant Brands, maker of Instant Pot and Pyrex cookware, files for bankruptcy

The company that makes kitchen staples like CorningWare, Pyrex and the Instant Pot has entered bankruptcy proceedings in the US and Canada.

Illinois-based Instant Brands said Monday that it has “initiated a voluntary court-supervised Chapter 11 process,” due to an unmanageable debt load.

“Tightening of credit terms and higher interest rates impacted our liquidity levels and made our capital structure unsustainable,” CEO Ben Gadbois said in a news release.

In court filings, the company says it generated operating cash flows of just $17.9 million US in the first three months of the year. That relatively large figure is a sharp

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Ex-TikTok executive says Chinese government used app to locate, identify Hong Kong protesters

A former executive at ByteDance, the Chinese company that owns the popular short-video app TikTok, says in a legal filing that some members of the ruling Communist Party used data held by the company to identify and locate protesters in Hong Kong.

Yintao Yu, formerly head of engineering for ByteDance in the United States, says those same people had access to US user data, an allegation that the company denies.

Yu, who worked for the company in 2018, made the allegations in a recent filing for a wrongful dismissal case filed in May in the San Francisco Superior Court. In

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Fox News chryon text called Biden a ‘wannabe dictator’ who got ‘his political rival arrested’ during broadcast of Trump’s post-courtroom speech

A screengrab of Fox News on Tuesday night shows Biden and Trump both giving speeches

A screengrab of Fox News on Tuesday nightFoxNews

  • A Fox News chyron called Biden a “wannabe dictator” who had “his political rival arrested.”

  • The text accompanied footage of Trump speaking after he was arrested and arranged on Tuesday.

  • Trump pleaded not guilty to 37 counts brought against him over handling of classified documents.

On Tuesday night, as Fox News aired footage of both former President Donald Trump and President Joe Biden, the onscreen text read “wannabe dictator speaks at the White House after having his political rival arrested.”

“Fox News Tonight” carried clips of Trump’s speech after he was

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A new way to run a business as seen by pizza places in the US

SAN JOSE, Calif. –

There is something different about A Slice of New York Pizza in San Jose. And it goes beyond their award-winning pies.

It’s about the people. In fact, everyone in the kitchen owns an equal slice of the business.

“We’re a worker co-op, which means all the members and owners of the business work in the business,” said the restaurant’s founder Kirk Vartan. He started the business 17 years ago.

Six years ago, he turned it into a co-op by selling the business to his staff as a leveraged buyout. The employee-owners are now paying back a

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Can You Prevent a Whistleblower Lawsuit?

When a whistleblower suit is brought against a company or practice, there are usually many warnings that were ignored or not dealt with appropriately. Many times, wrongdoings are brought to light internally first and properly addressing concerns can prevent a lawsuit.

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Often, the employee who becomes the whistleblower tries to raise the issue internally before going outside the company.

There are also fears of retaliation by many whistleblowers. Fear of

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