Morning Business Report: August 25th, 2021
Nordstrom benefits as Americans refresh their wardrobes and the White House is holding a cyber summit today to do something about hacks. Jane King is in New York with those…
Business
Morning Business Report: August 24th, 2021
U.S. home sales are still going strong and Target expands its deals with Disney and FAO Schwarz as it preps for Christmas 2021. Jane King is in New York with…
Morning Business Report: August 23rd, 2021
East Coast hurricanes could disrupt air travel for a couple of days and the FDA gave the Pfizer vaccine full approval today. Jane King is in New York with those stories and more.
Morning Business Report: August 20th, 2021
Toys R Us will open shops inside some Macy’s locations next year and Bank of America will stop offering a unique service beginning today. Jane King is in New York…
Morning Business Report: August 19th, 2021
Old Navy is overhauling its approach to how it designs and markets to plus-size women and some states are turning to an antibody treatment as COVID-19 surges. Jane King is…
Data of 40 million plus exposed in latest T-Mobile breach
By MATT O'BRIEN The names, Social Security numbers and information from driver’s licenses or other identification of just over 40 million people who applied for T-Mobile credit were exposed in a recent data breach, the company said Wednesday. The same…
Morning Business Report: August 18th, 2021
Home Depot says it sold out of an early drop of Halloween décor almost immediately and consumers are facing a back-to-school supply shortage and price surges. Jane King is in…
Ocean Aero moving operations and headquarters to Gulfport
Ocean Aero, manufacturer and service provider of ocean-going autonomous underwater and surface vehicles, is relocating its manufacturing operations and headquarters from San Diego to Gulfport, the Mississippi Development Authority said in a press release today. The project is a $4.65…
Morning Business Report: August 16th, 2021
Used car prices are finally cooling off and for working parents, juggling child care came at a steep cost during COVID. Jane King is in New York with those stories…
Mississippi will seek new economic development director
JACKSON, Miss. (AP) — Mississippi Gov. Tate Reeves will start searching for someone new to lead the state’s economic development agency. The governor’s office announced Friday that John Rounsaville of Madison will step down as Mississippi Development Authority director on…
Morning Business Report: August 13th, 2021
The postal service wants to charge you peak shipping fees this holiday season and Disney is back as its parks reopen and Disney Plus grows. Jane King is New York…
US jobless claims near pandemic low as economy strengthens
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people as they struggle to fill a record number of open jobs and…
Morning Business Report: August 12th, 2021
Almost half of all student loan borrowers are still in debt 20 years after graduating and ghost kitchens are becoming more popular, but what are they exactly? Jane King is…
Morning Business Report: August 10th, 2021
Starting this month, you can shop at Sephora in some Kohl’s stores and AMC reaches a deal with Warner Brothers for movies to show in theatres for 45 days exclusively.…
U.S. job openings hit a record 10.1 million in June
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) - U.S. employers posted a record 10.1 million job openings in June, another sign that the job market and economy are bouncing back briskly from last year’s coronavirus shutdowns. The Labor Department…
Morning Business Report: August 6th, 2021
A new life saving technology could be coming to cars soon. The FAA is asking airports to prevent to-go cocktails from getting on planes and to charge disruptive passengers at…
US hiring surges in July, unemployment rate drops to 5.4%
WASHINGTON (AP) - Hiring surged in July as American employers added 943,000 jobs. The unemployment rate dropped to 5.4% as the U.S. economy continues to bounce back with surprising vigor from last year’s coronavirus shutdown. The July numbers exceeded economists’…
Eyeglass company expands its operations in South Mississippi
OCEAN SPRINGS, Miss. (AP) — A multi-million-dollar expansion at a south Mississippi industrial park is expected to bring more jobs to the region, officials said. The project at the Sunplex Industrial Park, located between Ocean Springs and Gautier, is scheduled…
Morning Business Report: August 5th, 2021
Live Nation revenue is up 700 percent as concerts come back and a new survey finds Americans are sharply divided over vaccine mandates. Jane King is in New York with…
US jobless claims down 14,000 to 385,000 as economy rebounds
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week by 14,000 to 385,000, more evidence that the economy and the job market are rebounding briskly from the coronavirus recession. The Labor Department reported Thursday that…
Halter Marine awarded contract for Navy survey ship
Halter Marine, a company of ST Engineering North America, has been awarded a $149 million contract for the detail design and construction of an oceanographic survey ship for the U.S. Navy. “This contract continues the momentum and growth of Halter…
Morning Business Report: August 4th, 2021
The minivan is making a comeback and there’s another shipping crisis threatening delays to Black Friday shopping. Jane King is in New York with that and more.
Halter Marine awarded contract to build fifth berthing barge
Halter Marine, a company of ST Engineering North America, has been awarded a contract option for the U.S. Navy’s fifth Auxiliary Personnel Lighter–Small 67 Class berthing and messing barge. The contract award is $41 million for a firm, fixed-price option…
Waste Management to interrupt processing of curbside recycling in Harrison, Jackson counties
A fire at the Emerald Coast Utilities Authority recycling facility has caused Waste Management to halt processing of recycled material collected in Harrison and Jackson counties until repairs are complete. Residential curbside collection of household garbage in Harrison and Jackson…