Business

Even for the area around Thunder Bay, a dangerous stretch of northern Lake Huron off the coast of Michigan that has devoured many ships, the Ironton’s fate seems particularly grim. The 58 meter long cargo ship collided with a grain truck on a stormy night in September 1894 and sank both of them. The Ironton’s captain and six seamen climbed…

It appears that optimistic confidence in the American economy could take another hit after analysts warned the Fed could hike rates as high as 5.5% – despite the fact that it is already on a 16-year -Sit high. It comes after a series of bleak headlines for stock markets at the end of February: All three major US stock benchmarks…

Federal officials on Tuesday sued a chemical manufacturer in Louisiana, alleging it posed an unacceptable risk of cancer to the nearby mostly black community and demanding a reduction in emissions of pollutants. Denka Performance Elastomer LLC manufactures synthetic rubber that releases the carcinogen chloroprene and other chemicals at levels high enough that the federal complaint says it poses an unacceptable…

There are some workplace phrases that make workers crook their toes, such as the use of “family.” In the past, the term might have been endearing and made workers feel all warm and fluffy inside. But today, when an employer describes their workforce as “like family,” many modern workers hear something like, “We expect unconditional loyalty and dedication from our…

Baseball legend Alex Rodriguez and business partner Marc Lore have raised $30 million in funding for a new ticketing and fan experience business that they hope will outperform the struggling incumbents in the industry. The funding round for Jump, which has so far been undercover, was led by Forerunner Ventures and joined by Courtside Ventures, Will Ventures and Mastry Ventures.…

Twitter Inc. users on Wednesday reported problems loading the service related to the latest outage since billionaire Elon Musk took over the company and laid off thousands of employees. Users began reporting problems loading tweets from the site just before 10am London time on Tuesday, according to outage tracking platform Downdetector. This follows problems last month that prevented users in…

Decentralized autonomous gaming organization Game7 launched a new tool on Wednesday that aims to help mitigate the ultimate collaborative problem: social loafing. While it might seem, given their futuristic name, that DAOs have overcome some of the fundamental problems that plague all organizations, this is not the case. As explained by Game7 core contributor – and self-proclaimed “head caretaker” –…

In a major breach this month of ransomware into a computer system at the US Marshals Service, hackers stole sensitive and personally identifiable information about agency employees and targets of investigations, an agency spokesman said Tuesday. The hacked system was disconnected from the network shortly after the breach and stolen data was discovered on February 17th. The Justice Department determined…

The US Postal Service is buying more than 9,000 battery-powered delivery trucks from Ford Motor as part of a $10 billion push to electrify its aging fleet. The Ford E-Transit Battery EVs, which the postal service is expected to take delivery of in December this year, are part of a plan to electrify 75% of its service trucks over the…

Twitter is trying to sublet office space in New York as the tech company tries to contain costs. According to data from real estate agent Savills, Twitter recently listed nearly 200,000 square feet (19,000 square meters) of space for subleases at 245 and 249 W. 17th St. in Manhattan. An email requesting comment from Twitter was not immediately returned; The…