Business News

David A. Alcorn and Lucy M. Alcorn, president and CEO of GFS Group, at the Guam Business Magazine Executive of the Year gala on Jan. 13 at the Hyatt Regency Guam. TUMON, Guam — David A. Alcorn was named 2023 Guam Business Magazine Executive of the Year at the annual Guam Business Magazine Executive…

(SCC) — The Saipan Chamber of Commerce is gearing up for its upcoming Annual Business Person of the Year Gala, slated to take place on Saturday, Jan. 27, 2024, at the Kensington Hall, Kensington Hotel Saipan with the theme “Hafa Adai yan Tirow.” This gala is not only a celebration of business excel…

U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul, Feb. 7, 2011. NEW YORK (Reuters) — The dollar jumped against the euro and yen on Thursday after data showed that consumer price inflation came in above economists’ expectations in December. The headline Consum…

The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board in Portland, Oregon, Jan. 7, 2024. WASHINGTON (Reuters) —Boeing CEO Dave Cal…

A man works at the Tokyo Stock Exchange after market opens in Tokyo, Japan, Oct. 2, 2020. SYDNEY (Reuters) — Asian stocks advanced on Tuesday after a tech-led rally on Wall Street as investors look to the next set of U.S inflation numbers due this week, which could provide further clarity on when t…

Bull statues are placed in font of screens showing the Hang Seng stock index and stock prices outside Exchange Square, in Hong Kong, China, Aug. 18, 2023. SYDNEY (Reuters) — Asian shares slipped into the red on Monday as Chinese stocks extended their recent retreat, and investors braced for U.S. in…

People walk on the beach as a container ship crosses the Gulf of Suez towards the Red Sea before entering the Suez Canal, in El Ain El Sokhna in Suez, east of Cairo, Egypt April 24, 2017. LOS ANGELES (Reuters) — Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop…

(Reuters) — Alphabet Inc’s Google violated U.S. labor law by refusing to bargain with a union representing contract workers for YouTube Music, a federal agency has ruled. The National Labor Relations Board (NLRB) in a decision on Wednesday rejected claims by Google, which owns YouTube, that i…

(Reuters) — SpaceX on Thursday sued a U.S. labor board that had accused the rocket and satellite maker of illegally firing employees who sent a letter to company executives calling CEO Elon Musk “a distraction and embarrassment.” SpaceX in the lawsuit filed in Brownsville, Texas federal…

TAMUNING, Guam (USDOL) —  The U.S. Department of Labor has reached a settlement agreement with Pepsi Guam Bottling after an inspection by the Occupational Safety and Health Administration found the company exposed employees to amputation and other serious injuries. The settlement with OSHA before t…