Not everyone is thrilled about proposed rocket launch site in Michigan's Upper Peninsula
DETROIT — Mary Little had just finished making a batch of thimbleberry jam, and she had a few things to say about a proposed vertical rocket launch site in the wilds of the Upper Peninsula.“Anything that close to Lake Superior is concerning. It should be concerning to everybody, and fuels and heat and water usage … anybody who cares about this lake should be concerned about this,” said Little, 69, who moved to the area from downstate in 1976.Lake Superior, the largest of the Great Lakes, is a precious resource, and she’s worried about what will happen if rockets start blasting off into space w...
Detroit Free Press
NC businessman has record of success, but he's drawing fire as new postmaster general
CHARLOTTE, N.C. — Louis DeJoy has hosted presidents, built a nationwide business and donated millions to politicians and philanthropies.But he’s never drawn the attention he has since becoming the nation’s postmaster general in June.Critics say the Greensboro businessman already has launched policies that have slowed mail service. They worry that as a major donor to President Donald Trump, he’ll delay delivery of what’s expected to be a flood of absentee ballots that could decide the presidential election.“DeJoy has engineered an unconstitutional assault on our Postal Service from within the o...
The Charlotte Observer
Former Tribune Publishing CEO to take helm of McClatchy when newspaper chain emerges from bankruptcy
Former Tribune Publishing CEO Tony Hunter will become CEO of McClatchy Co. when the newspaper chain emerges from Chapter 11 bankruptcy next month, its new hedge fund owner announced Friday.A longtime Chicago Tribune executive who helped guide Tribune Publishing out of bankruptcy as CEO from 2011 to 2014, Hunter will inherit a similar situation at McClatchy under Chatham Asset Management.The New Jersey hedge fund acquired McClatchy, which publishes the Miami Herald and other major newspapers, for about $312 million at a bankruptcy auction in July. The sale, which was approved by a New York bank...
Despite crowd limits, NC says it's willing to accommodate delegates to the GOP convention
CHARLOTTE, N.C. — North Carolina’s state health director told Republican convention officials Friday that the state could “flexibly enforce” its crowd restrictions to accommodate several hundred delegates at the Charlotte event this month.The decision all but clears the way for the GOP to have more than 300 delegates renominate President Donald Trump at the Charlotte Convention Center on Aug. 24.“We understand that some events necessary to conduct official convention business may require measures that would not be allowed for a normal event,” health director Elizabeth Tilson wrote RNC official...
The Charlotte Observer
5 business owners charged in COVID-19 relief fraud scheme
ATLANTA — Five small-business owners are facing federal charges after prosecutors said they defrauded the Paycheck Protection Program out of a collective $4.1 million in loan funding.Darrell Thomas, 34, Andre Lee Gaines, 66, Khalil Gibran Green, 46, and Bern Benoit, 44, are all facing several charges including conspiracy to commit bank and wire fraud, U.S. Attorney BJay Pak said. The fifth business owner, 52-year-old Carla Jackson, is charged with money laundering, he said.Investigators said Thomas, Gaines, Green and Benoit submitted loan applications on behalf of five businesses and sought ab...
The Atlanta Journal-Constitution
Cadillac debuts all-electric Lyriq crossover
DETROIT — Cadillac’s first ever all-electric vehicle has arrived.The century-old brand unveiled the Lyriq crossover Thursday night in a webcast, starting Cadillac’s transition as the leading electric brand for General Motors Co. By the end of the decade, Cadillac aims will sell more vehicles powered by battery than gasoline.“Lyric really is a cornerstone upon which we’re going to build the future, and that future will include additional EVs that we’ll be adding to Lyric over the next few years to build out our complete EV lineup,” Steve Carlisle, executive vice president and president for GM N...
The Detroit News
Diane Bell: San Diego-area colleges are going to pot
Higher education is getting even higher.The legalization of marijuana for medicinal use in 33 states and for recreational use in 11, including California, is giving birth to a cannabis cottage industry and with it a new educational field.Last August, the University of California, Davis, known for its agricultural curriculum, added a Cannabis and Hemp Research Center that assembled experts in marijuana law, business, cultivation, medicine, psychiatry and veterinary treatment. It also offers courses in hemp breeding, seed production, genetics and pharmacology.Tiny Pacific College of Health and S...
The San Diego Union-Tribune
Drugmaker AbbVie will pay $24 million to California, whistleblower to settle fraud lawsuit
California Insurance Commissioner Ricardo Lara announced that the Department of Insurance reached a $24 million settlement with pharmaceutical giant AbbVie that will require it to change its marketing practices for its immunology drug Humira.Once a blockbuster sales driver for the company, Humira faced stiff competition from similar drugs on the international market. In the second quarter of 2020, foreign sales of the drug dropped by nearly 20 percent, and U.S. sales did not increase enough to cover that steep drop. Humira is used to treat symptoms of arthritis, Crohn’s disease, ulcerative col...
The Sacramento Bee
GM reveals all-electric Lyriq SUV critical to Cadillac's future
Meet the vehicle expected to help revive Cadillac and position the General Motors’ brand to compete with rival luxury electric vehicle makers — most notably Tesla.The Lyriq is an all-electric two-row SUV that Cadillac first mentioned in January 2019 at the Detroit auto show, flashing an artist rendering of a vague futuristic car on the screen.On Thursday, GM revealed what the actual vehicle will look like when it goes on sale in the United States in late 2022. It will launch first in China.Cadillac is not announcing yet which U.S. factory will assemble the Lyriq, but a source familiar with pro...
Detroit Free Press
Norwegian Cruise Line optimistic about future despite $666 million second quarter loss
Norwegian Cruise Line Holdings reported $16.93 million in revenue for the second quarter, mostly from passenger ticket sales. The results marked a sharp fall from the $1.67 billion in revenue reported during the same period last year.In a financial filing Thursday, the Miami-based company reported an adjusted net income loss of $666.4 million, or $2.78 per share, for the second quarter. Cruising was halted in the U.S. in mid-March and will remain so at least through October while COVID-19 cases continue to climb.Though grim, the update was more optimistic than the company’s previous filing. In...