Bloomberg News – Page 12

Cigarettes are displayed in 2017 on a store shelf in New York. A Wall Street Journal report in April 2021 said the U.S. government is considering a rule to lower the nicotine content of cigarettes.

Will feds order reduced nicotine in cigarettes? Reports roil tobacco stocks.

April 20, 2021 at 9:50 a.m.

Shares of Marlboro producer Altria Group plunged Monday following a report that the U.S. government is considering a rule that would lower the nicotine content of cigarettes. The Biden administration...

Global COVID-19 infections hit weekly record with 5.2 million cases, despite increased vaccinations

April 19, 2021 at 8:34 a.m.

More people were diagnosed with COVID-19 during the past seven days than any other week since the start of the pandemic — topping 5.2 million globally — with the worst...

Pay-per-mile policies boom in the work-from-home era

March 12, 2024 at 12:19 p.m.

The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the pandemic, Allstate has seen interest surge in its Milewise offering,...

A Frontier Airlines jet heads down a runway for takeoff June 10, 2020, at Denver International Airport in Denver. Frontier held an initial public offering in March 2021; low-cost carriers are expecting a post-pandemic travel boom.

Airline stocks may be ready for takeoff on hopes of post-pandemic travel rebound

April 15, 2021 at 1:53 p.m.

New money is flowing to low-cost airlines in the U.S. as they take on giant carriers racing to recover from the unprecedented collapse in travel during the pandemic. Two established...

IRS Commissioner Charles Rettig testifies June 30, 2020, before the Senate Finance Committee in Washington. In April 2021, Rettig said that tax evasion may cost the U.S. $1 trillion a year.

Tax cheats are costing the US $1 trillion a year, IRS estimates

April 14, 2021 at 10:31 a.m.

The head of the IRS has calculated that tax evasion in the U.S. may total $1 trillion a year, a figure that is multiples higher than previous estimates from the...

Unusually light and fast-moving early morning rush hour traffic is seen April 9, 2020, in Chicago. Allstate Corp. has seen interest surge in its Milewise offering, which lets customers pay auto-insurance premiums on a pre-mile basis, increase during the pandemic.

Allstate’s pay-per-mile car insurance proves popular in the work-from-home era

April 13, 2021 at 4:13 p.m.

The COVID-19 shutdowns that swept the U.S. have been a boon for a newer auto-insurance product: pay-per-mile coverage. During the pandemic, Allstate Corp. has seen interest surge in its Milewise...

A United Airlines jet is taxied to its gate at O Hare International Airport on Jan. 3, 2020.

United turns down federal pandemic loans, opts for bond market like airline rivals

April 13, 2021 at 7:42 a.m.

Every major U.S. airline has now shunned the U.S. government's $25 billion emergency pandemic loans, avoiding the strings attached to that program in favor of the credit market's warm embrace....

Former Los Angeles Mayor Antonio Villaraigosa shows his vaccination card after receiving his first shot of the Moderna COVID-19 vaccine in January 2021.

Will COVID-19 vaccine be mandatory? At some colleges, events and workplaces, it already is.

April 27, 2021 at 2:14 p.m.

COVID-19 vaccination requirements are fast becoming facts of life in the U.S., spreading business by business even as politicians and privacy advocates rail against them. Brown, Notre Dame and Rutgers...

Analysis: What Amazon can learn from a bruising union victory in Alabama

April 11, 2021 at 9:50 a.m.

Amazon.com Inc. always had the upper hand in its high-profile battle with the Retail, Wholesale and Department Store Union over its fulfillment center in Bessemer, Alabama. It had the deeper...

Blank Treasury checks are seen in 2008 on an idle press at the Philadelphia Regional Financial Center in Philadelphia.

Stimulus check update: More than 150M payments have been sent under Biden relief plan

April 8, 2021 at 10:22 a.m.

The Biden administration has officially distributed more than 150 million stimulus checks as of Wednesday from the $1.9 trillion coronavirus relief act, one of the key benchmarks the president had...

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