NEW YORK (AP) — Publishers Clearing House, a decades-old marketing and sweepstakes company known for doling out large “Prize Patrol” checks, has filed for Chapter 11 bankruptcy protection. In an announcement last week, PCH said it was using the bankruptcy process to “finalize a shift away” from its legacy business of direct-mail, retail merchandise and [...]
The Ohio Supreme Court affirmed an appellate ruling that a northeast Ohio teacher had adequate remedy in the ordinary course of law to pursue five years’ worth of back pay based on contingent, higher pay rate she was initially offered in 2018, so she cannot receive that back pay because she did not file a [...]
WASHINGTON (AP) — Inflation declined last month as the cost of gas, airline fares and hotel rooms fell, according to new federal government report. Consumer prices rose 2.4 percent in March from a year earlier, the Labor Department said, down from 2.8 percent in February. That is the lowest inflation figure since September. Excluding the [...]
WASHINGTON (AP) — The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month’s meeting. The minutes, released last week, said that the Fed could keep its benchmark interest rate unchanged if inflation remained elevated. They [...]
WASHINGTON (AP) — House Republicans last week approved their budget framework, a political turnaround after Speaker Mike Johnson worked into the night to satisfy GOP holdouts who had refused to advance trillions of dollars in tax breaks without deeper spending cuts. Johnson stood with Senate Majority Leader John Thune early in the morning on Thursday [...]
Microsoft said it is “slowing or pausing” some of its data center construction, including a $1 billion project in central Ohio, the latest sign that the demand for artificial intelligence technology that drove a massive infrastructure expansion might not need quite as many powerful computers as expected. The tech giant confirmed last week that it [...]
WASHINGTON (AP) — The U.S. Postal Service is seeking a rate increase this summer that includes hiking the cost of a first-class stamp from 73 cents to 78 cents. The request was made to the Postal Regulatory Commission, which must approve the proposal. If approved, the 5-cent increase for a “forever” stamp and similar increases [...]
WASHINGTON (AP) — Weeks after ordering Food and Drug Administration employees back into the office, the agency is reversing course, allowing some of its staffers to work remotely amid worries that recent layoffs and resignations could jeopardize basic functions, such as approving new medicines. An internal email obtained by The Associated Press states that FDA [...]
Egg prices increased last month to reach a new record-high of $6.23 per dozen despite a drop in wholesale prices and no egg farms having bird flu outbreaks. The increase reported in the Consumer Price Index means consumers and businesses that rely on eggs should not anticipate immediate relief. Demand for eggs is typically elevated [...]