Energy firms allowed to restart force-fitting prepayment meters
Regulator Ofgem has given three companies permission to force-fit prepayment meters in homes.
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Retailers take $100B hit over bogus returns: ‘Sent back box of bricks instead of TV’
Retailers — already hard-hit by rampant shoplifting — are facing another threat to their bottom line from scammers who are stuffing bricks, fake receipts and counterfeit goods in return packages. The fraudsters have targeted this retail underbelly to swipe billions of dollars by gaming the returns system, especially after the holiday season, according to a…
GSK Expands Respiratory Pipeline With Aiolos Bio Buy
Updated Jan. 9, 2024 3:07 am ET GSK is buying biopharmaceutical company Aiolos Bio for up to $1.4 billion in a deal that expands its respiratory pipeline and follows a string of pharmaceutical majors buying fast-growing biotechs to restock their pipelines. The British pharmaceutical giant said Tuesday that the deal to buy San Francisco and…
The Auto Workers Strike Just Hit Ford Where It Hurts
The United Auto Workers union announced Wednesday that its nearly four-week strike against the “Big Three” automakers was expanding to Ford’s truck plant in Kentucky. Roughly 8,700 union members work at the Louisville facility producing the company’s Super Duty trucks as well as the Ford Expedition and Lincoln Navigator SUVs. The walkout Wednesday marks the…
AI is policing the package theft beat for UPS as ‘porch piracy’ surge continues across U.S.
A doorbell camera in Chesterfield, Virginia, recently caught a man snatching a box containing a $1,600 new iPad from the arms of a FedEx delivery driver. Barely a day goes by without a similar report. Package theft, often referred to as “porch piracy,” is a big crime business. While the price tag of any single stolen…
What to know as IRS kicks off withdrawal option for pandemic-era small business tax credit
The Good Brigade | Digitalvision | Getty Images More from Year-End Planning Here’s a look at more coverage on what to do finance-wise as the end of the year approaches: “This is a game-changer,” said Eric Hylton, national director of compliance for Alliantgroup, a firm that has been reviewing ERC claims for other tax professionals….
China sanctions five US defence firms over Taiwan arms sales
Taiwan is preparing to hold presidential and parliamentary elections on 13 January.
