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Money & Markets

Barry Diller’s IAC buying magazine co Meredith for $2B

NEW YORK — Barry Diller’s IAC is buying Meredith, one of the country’s largest magazine companies and the publisher of People, Southern Living and InStyle, in hopes of accelerating a digital shift as print fades. IAC’s Dotdash, a collection of websites including Investopedia, Brides, ...

GM sets to double revenue, lead US in electric vehicle sales

WARREN, Mich. — General Motors plans to cash in as the world switches from combustion engines to battery power, promising to double its annual revenue by 2030 with an array of new electric vehicles, profitable gas-powered cars and trucks, and services such as an electronic driving system that ...

Workers at all of Kellogg’s U.S. cereal plants go on strike

OMAHA, Neb. — Work at all of the Kellogg Company’s U.S. cereal plants came to a halt Tuesday as roughly 1,400 workers went on strike, but it wasn’t immediately clear how much the supply of Frosted Flakes or any of the company’s other iconic brands would be disrupted. The strike ...

Biden signs bill to avert partial government shutdown

WASHINGTON — With only hours to spare, President Joe Biden on Thursday evening signed legislation to avoid a partial federal shutdown and keep the government funded through Dec. 3. Congress had passed the bill earlier Thursday. The back-to-back votes by the Senate and then the House ...

From paints to plastics, chemical shortage ignites prices

In an economy upended by the coronavirus, shortages and price spikes have hit everything from lumber to computer chips. Not even toilet paper escaped. Now, they’re cutting into one of the humblest yet most vital links in the global manufacturing supply chain: The plastic pellets that go ...

Janet Yellen says infrastructure overhaul will US boost economy

WASHINGTON — Treasury Secretary Janet Yellen said Tuesday that President Joe Biden’s spending proposals will address long-overdue U.S. infrastructure needs and prepare the country to meet future challenges. In remarks before the National Association for Business Economists, Yellen called ...