Today’s News
JPMorgan Chase unveils 60-story HQ
NEW YORK (AP) — JPMorgan Chase unveiled its new 60-story headquarters to the public this week, one of the first major office buildings to be constructed after the COVID-19 pandemic and one that will remake the New York City skyline for decades. The copper-toned steel tower at 270 Park, which reportedly cost $3 billion, replaced the Union Carbide Building, which sat on the site of 48th Street and Park Avenue for nearly 60 years. JPMorgan [...]
Newspapers closing, news deserts growing, report finds
Some 136 newspapers in the United States have closed in the past year, news deserts are expanding and web traffic to the nation’s top newspapers has dropped markedly this decade, according to a report issued this week that struggles to find hope for the beleaguered news industry. While entrepreneurs are launching digital news sites, often backed by philanthropies, they haven’t sprouted at a rate that makes up for the losses, the report from Northwestern University [...]
China borrows from the U.S. playbook in trade war
WASHINGTON (AP) — China likes to condemn the United States for extending its arm too far outside of its borders to make demands on non-American companies. Yet when it sought to hit back at U.S. interests this month, Beijing did exactly the same. In expanding export rules on rare earths, Beijing for the first time announced it will require foreign firms to obtain approval from the Chinese government to export magnets containing even tiny amounts [...]
Local projects among annual architecture award winners
Six central Ohio projects are among the winners of the annual Columbus Chapter, American Institute of Architects awards this year, including a residence in Worthington, an office building near Lower.com Field in downtown Columbus and a Westerville distillery. The 2025 winners represent a variety of projects, including three honor and six merit awards. They were selected from 67 entries. Winners represent large built, small built, residential and interior architecture projects. Besides the central Ohio winners, [...]
United States and Australia sign $8.5 billion critical-minerals agreement
WASHINGTON (AP) — President Donald Trump and Australian Prime Minister Anthony Albanese earlier this week signed a critical-minerals deal at the White House as the United States eyes the continent’s rich rare-earth resources at a time when China is imposing tougher rules on exporting its own critical minerals abroad. The two leaders described the agreement as an $8.5 billion deal between the allies. Trump said it had been negotiated over several months. “In about a [...]
Judge grants temporary order allowing Ohio high school athletes to profit from NIL deals
CLEVELAND (AP) — An Ohio common pleas judge this week granted a temporary restraining order which would allow high school athletes in the state to enter into deals that profit off their talent. Franklin County Common Pleas Court Judge Jaiza Page issued her order that could allow all students who are part of the 818 schools in the Ohio High School Athletic Association to enter into their own NIL deals. Ohio is one of six [...]
Coca-Cola sees third-quarter revenue rise on higher prices; unit case volumes increase 1%
The Coca-Cola Co. earlier this week said its third-quarter revenue rose mostly due to higher prices. The Atlanta beverage giant said its organic revenue rose 6 percent to $12.41 billion in the July-September period. That was in line with what Wall Street expected, according to analysts polled by FactSet. Coke said its unit case volumes were up 1 percent worldwide. Case volumes were flat in North America and Latin America and down 1 percent in [...]
GM boosts outlook as 3Q results top expectations
General Motors anticipates a smaller impact from tariffs and is boosting its full-year adjusted earnings forecast as its third-quarter performance topped Wall Street’s expectations. The automaker reduced its expectations for the full-year gross impact from tariffs to a range of $3.5 billion to $4.5 billion. Its previous guidance was $4 billion to $5 billion. GM anticipates its tariff mitigation actions will offset about 35 percent of the impact due to a lower tariff base. President [...]
Warner Bros. Discovery says it may be open to buyout offer
NEW YORK (AP) — Just months after announcing plans to split into two companies, Warner Bros. Discovery has signaled that it may be open to a sale of its business. In an announcement this week, the entertainment giant said it had initiated a review of “strategic alternatives” in light of “unsolicited interest” it had received from multiple parties for both the entire company and Warner Bros specifically. Warner Bros. Discovery did not specify where [...]
Legal News
High court to consider if pot smokers may own guns
WASHINGTON (AP) — The Supreme Court said it will consider whether people who regularly smoke marijuana can legally own guns, the latest firearm case to [...]
Lawsuit: Plastic bag makers lied about products being recyclable
SACRAMENTO, Calif. (AP) — California has ramped up its efforts to curb plastic pollution, suing three plastic-bag makers the state accuses of falsely claiming their [...]
Judge blocks transfer of Miami land for Trump library
A Florida judge this week temporarily blocked the planned transfer of downtown Miami land for President Donald Trump’s future presidential library. The move by Circuit [...]
Business News
Nevada unions push for film studio tax credits
LAS VEGAS (AP) — Nevada labor unions hoping to boost jobs and tourism are pushing state officials to offer tax credits aimed at bringing more [...]
Federal Aviation Administration allows Boeing to increase 737 Max production
The Federal Aviation Administration last week said it will allow Boeing to produce more 737 Max airplanes by increasing the monthly limit that it imposed [...]
Growing number of colleges adding corporate advertisements on football fields
The University of Texas broke tradition by adding corporate logos to its football field, a year after Athletic Director Chris Del Conte said he wasn’t [...]
Real Estate
Franklin County affordable housing projects receive OHFA financing approval
Two local affordable housing projects have been approved for financing through various programs, according to the Ohio Housing Finance Agency. The agency’s board last week [...]
Settlement clears way for suburban Browns stadium
CLEVELAND (AP) — Mayor Justin M. Bibb and the ownership group of the Cleveland Browns have reached a $100 million settlement that will clear the [...]
Columbus office vacancy rate falls in 3Q
The vacancy rate for office space in the Columbus region fell to 18.23 percent in the third quarter, down from 19.31 percent in the second [...]
Politics
Trump offers U.S. automakers additional relief from his tariffs
WASHINGTON (AP) — President Donald Trump is giving domestic automakers additional relief from tariffs on auto parts, extending what was supposed to have been a [...]
China accuses U.S. of 2022 cyberattack
BEIJING (AP) — China accused the U.S. National Security Agency of carrying out cyberattacks on its national time center, saying any damage to related facilities [...]
FDA unveils drugs to receive fast reviews
WASHINGTON (AP) — The Food and Drug Administration has announced the first round of experimental drugs that will receive drastically expedited reviews at the agency, [...]