Corporations

If the Economy Is Shaky, Why Are Company Profits Still Strong?

In its earnings report, Ally Bank, a big auto loan maker, provided data on past-due auto loans in the second quarter for borrowers at a range of income levels. Past-due loans were either at or close to prepandemic levels for borrowers with lower incomes. Ally declined to provide the same data for earlier quarters, making […]

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F.T.C. Chair Lina Khan Upends Antitrust Standards by Suing Meta

WASHINGTON — Early in her tenure as chair of the Federal Trade Commission, Lina Khan declared that she would rein in the power of the largest technology companies in a dramatically new way. “We’re trying to be forward looking, anticipating problems and taking fast action,’’ Ms. Khan said in an interview last month. She promised […]

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Apple Agrees to $50 Million Settlement Over Butterfly Keyboard Complaints

Apple agreed on Monday to pay a $50 million settlement on a class-action lawsuit over so-called butterfly keyboards, a component of some MacBook laptops that left many users fuming in key-smashing frustration over typing failures. The butterfly keyboard, a thin model that aimed to provide more precision, ended up not being as graceful as the […]

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How Joe Manchin Left a Global Tax Deal in Limbo

WASHINGTON — In June, months after reluctantly signing on to a global tax agreement brokered by the United States, Ireland’s finance minister met privately with Treasury Secretary Janet L. Yellen, seeking reassurances that the Biden administration would hold up its end of the deal. Ms. Yellen assured the minister, Paschal Donohoe, that the administration would […]

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Payment Data Could Become Evidence of Abortion, Now Illegal in Some States

Digital payments are the default for millions of women of childbearing age. So what will their credit and debit card issuers and financial app providers do when prosecutors seek their transaction data during abortion investigations? It’s a hypothetical question that’s almost certainly an inevitable one in the wake of the overturning of Roe v. Wade […]

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With Roe v. Wade Overturned, Companies Stay Silent on Abortion

A few companies accompanied those policy changes with statements. Roger Lynch, the head of Condé Nast, called the decision “a crushing blow to reproductive rights.” Lyft said the ruling “will hurt millions of women.” BuzzFeed’s chief executive, Jonah Peretti, called it “regressive and horrific.” Some business leaders spoke out too, with Bill Gates, the co-founder […]

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Multinationals in Ukraine are ready for a conflict but staying put.

Big American and European companies operating on the ground in Ukraine said Friday that they had contingency plans at the ready in case of a Russian invasion but so far had not ordered the relocation of employees. Even as Western leaders turned up warnings that President Vladimir V. Putin of Russia may order an attack […]

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Democrats Blast Corporate Profits as Inflation Surges

Inflation remains rapid as the economy enters 2022, and Democrats have begun pointing to a new culprit for the high and lasting price increases: Greedy corporations. Senator Sherrod Brown of Ohio, Senator Elizabeth Warren of Massachusetts, and the White House spokeswoman, Jen Psaki, have been among those pointing to excessive profits in certain industries as […]

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