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Feds hold back an additional $1.2 billion in California Medicaid reimbursements
In May, the administration held back $1.3 billion in Medicaid reimbursements to California over concerns about "fraudsters" in the state's hospice and in-home care programs.
Mom-and-Pop Business Owners Grapple with Harsh Times
Report shows small business owners in NYS less optimistic about the economy. Taxes, inflation, labor costs and competition from larger businesses are major concerns right now, they say By Aaron Gifford [caption id=attachment_11067 align=alignright width=300] Ashley Ranslow is director for New York state at The National Federation of Independent Business (NFIB).[/caption] Owners of mom-and-pop businesses in New York state have been less optimistic lately than their peers in other parts of the country, a recent report indicates. The National Federation of Independent Business (NFIB), based on a survey of 11,000 of its members in the Empire State, reported that taxes, inflation, labor costs and competition from larger businesses are major concerns right now. “Indeed, while taxes are a major problem in New York and the United States overall, New York small businesses notably are struggling more with the state’s onerous, multi-level tax burden,” Ashley Ranslow, NFIB’s director for New York state, said in the July report. Compared with surveys of business owners in other states, far fewer New York respondents rated their businesses as in excellent or good health. The report also said labor costs here are about 25% higher than the national average and are the “single most important problem” facing businesses. One respondent to the New York-specific survey complained that too much red tape, taxes and laws that restrict high-yielding companies have stifled their operation’s growth. Others said high disability and workers’ compensation insurance costs, alarming increases in utility rates and excessive building regulations are discouraging. Statewide, New York has a gross domestic product of $2.53 trillion (third in the nation, followed by Texas, $2.90 trillion; and California, $4.25 trillion), a per capita income of $90,500 (sixth) and an unemployment rate of 4.6% (34th). There are 2.4 million small businesses that employ 3.9 million people. [caption id=attachment_11112 align=alignright width=451] Member of the Greater Liverpool Chamber of Commerce gather at one of the several functions the chamber organizes monthly. “Everyone in this business community encourages each other to shop local. Everyone just wants to see each other succeed,” says Megan Wilmot, the chamber director[/caption] “New York state boasts one of the largest, wealthiest and most diverse cities in the world — and that’s still only about half the state’s population,” the report said. “In other words, the state is both its iconic city and so much more — geographically, demographically, economically. But New York is not without its challenges, challenges that include notably high taxes and other weaknesses that impact the small business environment,” it said. The report includes an optimism index that compares responses from New York (NFIB) members with those of their peers in other states across several categories. This ranges from plans to increase employment to expectations for higher sales, to plans to increase inventory or expand. The scores for Empire State business owners were lower in most categories, but they did score higher than the national average in noting that they have current employment openings, and that they are hopeful that the economy will improve. “The metrics so far paint a picture of a state with a series of challenges for small businesses, from a slightly below national average Optimism Index to a more seriously below national business health to very substantially below national Employment Index. What is going on with businesses that are creating these differences?” the report stated. In Central New York, the regional labor force comprises nearly 398,000 workers. The median household income here is $71,463, and the gross domestic product for the region last year totaled $61.3 billion, according to the CenterState CEO economic development and research organization. About half of the region’s labor force works for small and mid-sized businesses, although the number of people employed in that sector has decreased by 7% since 2010, according to CenterState’s 2026 economic forecast report. “While record-high employment in large-scale enterprises provides a strong foundation for Central New York,” the report says, “the long-term health of communities depends on a thriving small business sector to serve as a stabilizer.” Area employers identify several barriers to Central New York’s anticipated growth, including lack of specialized or skilled workers, government regulations, unaffordable housing options and long-term construction disruptions. In the city of Syracuse, the number of jobs in retail trade decreased by 1,500 or 4.7% between July 2025 and this past July. By contrast, the number of jobs in the leisure and hospitality sector increased by 2.5% or 700 jobs, in the same annual period, according to the New York State Department of Labor. Still, there’s plenty of interest for new businesses across Central New York. U.S. Census figures show that the number of applications for new businesses in all four counties increased significantly in the past 20 years. In Cayuga County, there were 324 applications in 2005 compared to 470 last year. In Madison County, the number increased from 385 to 480; Onondaga County, from 2411 to 4132; and Oswego County, from 553 to 836. Downtown Cazenovia is exemplary of Madison County’s trend: In the past year, the village welcomed a bait shop, a thrift store, a vitamin infusion center, a pizzeria, a Pilates studio and an Italian restaurant. A candy store is scheduled to open on the main drag in the months ahead. Oswego’s list of interesting new businesses in the past year includes a bubble tea shop, a hot dog eatery in Fulton, a specialty grocery store that features New York state products in Mexico, a beauty and esthetics studio in Hannibal and a hardware and farm supply store in Sandy Creek. In Onondaga County, the Liverpool area has also enjoyed a steady stream of new shops and eateries in recent years. That suburban community is unique in that, unlike neighboring communities, most of the restaurants are family-owned and not part of a national chain. [caption id=attachment_11116 align=alignright width=300] Megan Wilmot is the executive director of the Greater Liverpool’s Chamber of Commerce.[/caption] Megan Wilmot, executive director of the Greater Liverpool Chamber of Commerce, said independent business owners in her community maintain a strong sense of pride in holding their own against national companies. The chamber helps boost morale with red carpet events, ribbon cuttings, coffee hours and five-year anniversary celebrations for participating businesses. “We have built such a strong community,” Wilmot said. “Everyone in this business community encourages each other to shop local. Everyone just wants to see each other succeed.” In Syracuse, the downtown retail occupancy rate last year was about 82%, a slight improvement from 2024, according to the Downtown Syracuse Committee’s most recent annual report. Buildings with the largest amount of vacant space included The Galleries, One Park Place, and Equitable Towers, though not all of those spaces are designated for retail use. New businesses that opened in downtown Syracuse last year: Better with Time Clothing, Dakshin Curry & Biriyani, Havana Tattoo Society, Milano Bean Café, Miss Daisy, Pausa Coffee, Sweets for Babe, The Society CNY and Yafah Beauty Studio. The Destiny USA mall’s occupancy rate decreased from 80% in 2023 to 72% by the end of 2024, according to Integra Realty Resources. That leaves more than a quarter of the mall’s retail space vacant. “Looking ahead, the retail market is expected to see minimal rent growth, with vacancy rates likely remaining stable in community and neighborhood centers but continuing to rise in enclosed malls,” Integra’s report said. “New construction activity is low and redevelopment plans for former malls like Shoppingtown and Great Northern are still in the planning stages. The proposed Micron chip plant may spur development, but challenges remain in finding co-developers for large-scale projects.” Nationally, the U.S. Chamber of Commerce expects that small businesses will remain resilient and see their sales and revenues eventually improve. That organization, in a recent national survey, found that 25% of small business owners expect the economy to improve in 2027, while 45% indicated that they plan to increase employment in the next 12 months. And 69% said they believe their small business is in good shape and 70% said they are comfortable with their current cash flow. Thirty-one percent of small businesses reported raising their prices in July and 28% are planning to raise their prices within the next three to four months, the report said. Twelve percent indicated that this is a good time to expand their business. “Small business owners voice optimism for future revenues and hiring,” the report said. “High costs continue to be a wet blanket on reinvestment.” The NFIB reported in July that Main Street, despite gas price hikes, “is OK … for now.” Its small business economics trend report said sales across the country have been strong compared to last year, but continued inflation and higher prices from mom-and-pop establishments are causing some “cracks” to show. “If costs stay this high for much longer, reduced investment will have a tangible economic impact,” the report said. “The status quo is OK, but the outlook? The outlook is uncertain.”
Dating app Bumble closes deal to sell for $1.3B
Bumble, the Austin, Texas-based dating app company, has officially closed a deal that will see it acquired by Ithaca Holdings for $1.3 billion. Bumble announced the sale Tuesday morning, less
Insurance Australia Group, RAC challenge $942M merger rejection
Insurance Australia Group Ltd. and RAC Insurance Pty Ltd. have lodged applications for a tribunal review of their blocked 1.3 billion Australian dollar ($942 million) takeover deal…
AAR bulks up maintenance biz in $1.3B deal
Aircraft parts and maintenance provider AAR is buying a majority stake in competitor MRO Holdings for $1.3 billion.
Trane inks business, marketing partnership with Bank of America Stadium
Trane Technologies is deepening its ties to Bank of America Stadium as a cornerstone partner that will lead HVAC upgrades as part of the $1.3 billion upgrade of the downtown Charlotte venue. The agreement will put Trane’s name on the stadium’s 300-level Silver Club section, starting in 2029, Tepper Sports & Entertainment said in a […]
Princeton Equity Group secures $1.3 billion to fund franchise business
With $1.3 billion in commitments, Princeton Equity Group secured more than double the $575 million raised for its predecessor fund.
Princeton Equity Group Raises $1.3 Billion Fund III at Hard Cap
PRINCETON, N.J. & DALLAS--(BUSINESS WIRE)--Sep 29, 2026--
SBA Loan Defaults Surged at 2 Nonbank Lenders. $1.3 Billion Entered Liquidation
The Small Business Administration stopped non-bank lender exams just one week before lifting a nearly 40-year moratorium on admitting more of them into the program.
'1.3 billion premature deaths': Scientists give frightening play-by-play of hypothetical Yellowstone supervolcano eruption
Democratic Senators Reintroduce the Health Infrastructure Security and Accountability Act
On September 17, 2026, two Democratic Senators reintroduced the Health Infrastructure Security and Accountability Act, which seeks to improve A pair of Democratic Senators reintroduced the Health Infrastructure Security and Accountability Act, which seeks to increase healthcare cybersecurity standards. The bill calls for $1.3 billion in government investment to help healthcare organizations adopt the essential and enhanced HHS cybersecurity goals, including $800 million for rural and underserved hospitals.
Friant Ranch project could generate $1.3 billion in Fresno County
Friant Ranch, a proposed 2,500-home community, is projected to generate $1.3 billion in Fresno County economic activity over 10 years.
Georgian National Charged in US with Laundering $1.3B in Health Care Fraud Scheme
A federal grand jury in Boston has indicted a Georgian national on charges of conspiracy to launder proceeds from a $1.3 billion health care fraud scheme.
Baidu missed revenue expectations as its ad business sank faster than AI cloud could grow
China's Baidu reported second-quarter revenue of 31.3 billion yuan, below analyst expectations, as online marketing continued to slide
Melco Resorts & Entertainment (MLCO) Stock Rises on Q2 2026 Earnings
Melco Resorts & Entertainment Limited (MLCO) reported second-quarter 2026 revenue of $1.3 billion, down 40.0% from a year earlier, as gross profit fell sharply to $429.4 million. Despite the weaker top line, operating profit improved to $127.8 million, while net income attributable to common shareholders rose to $22.7 million, or $0.057 per diluted share.Cash generation strengthened meaningfully during the quarter. Cash from operating activit
Disney Ups Quarterly Entertainment Profit 64% to $1.68 Billion, Revenue Up 6% to $11.3 Billion
Disney Aug. 5 reported total entertainment revenue of $11.34 billion in the third quarter (ended June 27) from $10.7 billion in the previous-year quarter. Operating income skyrocketed 64% to $1.68 billion from $1.02 billion in the prior year period. Operating income growth was driven by streaming profits for Disney+ and Hulu, strong box-office returns from … Continue reading "Disney Ups Quarterly Entertainment Profit 64% to $1.68 Billion, Revenue Up 6% to $11.3 Billion"
UK's IG Group agrees to buy sports gaming firm Underdog for up to $1.3 billion
Britain's IG Group said on Thursday it has agreed to acquire U.S. daily fantasy sports and prediction markets operator Underdog for up to $1.3 billion, in a deal that would strengthen its position in the fast-growing U.S. retail trading market.
Tepper S&E’s tech-advanced experience center opens in support of Bank of America Stadium renovation
Tepper Sports & Entertainment’s tech-advanced experience center has opened for business in support of the $1.3 billion Bank of America Stadium renovation project.
Bank of America Stadium renovation plans don’t include a dome. Here’s why
The newly unveiled, $1.3 billion Bank of America Stadium renovation plans didn’t include a dome. Tepper Sports’ CEO explains.
Carolina Panthers Unveil Rengderings For Expanded $1.3 Billion Stadium Renovation
The Panthers released renderings of their renovated stadium on Thursday as they hope to host major events in the future.
US to give Tanzania $1.3 bln under five-year health pact
The United States has signed a memorandum of understanding with Tanzania to invest more than $1.3 billion in its health sector over the next five years, the latest in a series of deals that have caused controversy in some African countries.
Merck KGaA to Acquire Bio-Techne for $11.3B, Expanding Life Science Tools Presence
Merck KGaA, Darmstadt, Germany, has agreed to acquire Bio-Techne for approximately $11.3 billion, the companies said today, in a deal designed to position the buyer as more of a leader across the life science value chain by expanding its presence in high-growth, next-generation life-sci markets with Bio-Techne’s tools, analytical technologies, and consumables.
Bio-Techne, a Minneapolis life sciences firm with 500,000 products, to be sold to German company for $11.3 billion
Merck Expands Life Science Leadership with Planned $11.3 Billion Bio-Techne Acquisition
Merck Expands Life Science Leadership with Planned $11.3 Billion Bio-Techne Acquisition
Germany's Merck to buy Bio-Techne for $11.3 billion
Merck KGaA has agreed to acquire biotech firm Bio-Techne for $11.3 billion, the German science and healthcare firm said in a statement on Thursday.
Leaked docs reveal LinkedIn's creator plans and new features road map
LinkedIn has shifted from a pure business-networking app to a social feed with 1.3 billion users. Internal docs show the new features it's planning.
South Florida businesses question whether FIFA's economic boost estimate for the World Cup will become reality
FIFA estimates the seven games played in the area could generate $1.3 billion in economic activity.
Delaware Health Care Spending Grows to $11.3 Billion, Significantly Exceeding Target - State of Delaware News
Per capita health care spending in Delaware increased to $11.3 billion dollars in calendar year 2024, an increase of about 8.7% compared to 2023.
Politics: Iowa nonpartisan group predicts bigger budget shortfall than expected
Iowa will likely operate on a near-$1.3 billion budget deficit over the next fiscal year, according to the latest report from state officials.
Shell to offload Jiffy Lube, Premium Velocity to Monomoy Capital for $1.3 billion
Shell said on Monday it will sell its subsidiaries Jiffy Lube and Premium Velocity Auto to an affiliate of private equity firm Monomoy Capital Partners for $1.3 billion, as the oil major continues to shed non-core assets under CEO Wael Sawan's strategy to focus on higher-return businesses.
argenx Reports Full Year 2025 Financial Results and Provides Fourth Quarter Business Update
$1.3 billion in fourth quarter and $4.2 billion in full year global product net sales, representing 90% year‑over‑year growth Delivered $1.1 billion in operating income in 2025, marking first year of operating profitability VYVGART MG label expansion supported by positive ADAPT SERON and OCULUS results; PDUFA target action date of May 10, 2026 for anti‑AChR antibody‑negative (“seronegative”) gMG Management to host conference call today at 2:30 PM CET (8:30 AM ET) February 26, 2026 7:00 AM CET Am
Enerflex Ltd. Announces Fourth Quarter 2025 Financial and Operational Results, Agreement to Divest Non-Core Business and Provides Preliminary Outlook for 2026
ADJUSTED EBITDA OF $123 MILLION AND RECORD FREE CASH FLOW OF $141 MILLIONREDUCED NET DEBT TO $501 MILLION OR APPROXIMATELY 1.0x TTM ADJUSTED EBITDA AT THE END OF Q4/25STRONG OPERATIONAL VISIBILITY WITH ES AND EI BACKLOG OF $1.1 BILLION AND $1.3 BILLION, RESPECTIVELYSIGNED AN AGREEMENT TO DIVEST OPERATIONS IN ASIA PACIFIC REGION, CONTINUING EFFORTS TO OPTIMIZE AND SIMPLIFY ENERFLEX’S BUSINESSCAPITAL EXPENDITURES FOR 2026 TARGETED AT $175 TO $195 MILLION, INCLUDING $90 TO $100 MILLION FOR GROWTH O
AMC Entertainment Holdings (AMC) Posts Q4 Loss That Challenges Bullish Margin Narratives
AMC Entertainment Holdings (AMC) just posted its FY 2025 numbers with Q4 revenue of US$1,288.3 million, a basic EPS loss of US$0.25, and net income excluding extra items showing a loss of US$127.4 million, while trailing 12 month figures sit at US$4.8 billion of revenue, a basic EPS loss of US$1.34, and a net loss of US$632.4 million. Over recent quarters, the company has seen quarterly revenue move from US$862.5 million in Q1 2025 to between roughly US$1.3 billion and US$1.4 billion through...
Philippines’ First Gen to Buy Into Hydropower Business for $1.3 Billion
First Gen Corp. will buy a 40% stake in Prime Infrastructure Capital Inc.’s hydropower portfolio in a deal worth 75 billion pesos ($1.3 billion), the Philippine companies said in a statement late Friday.
Tepco to Sell Real Estate, Seek Partners in New Business Plan
Tokyo Electric Power Co. is aiming to sell around 200 billion yen ($1.3 billion) of assets within three years, as it looks to fund its Fukushima clean-up efforts and meet rising power demand.
Medtronic’s Diabetes Management Business MiniMed Files for IPO
The Northridge, California-based company had a net loss of $21 million on revenue of $1.5 billion for the six months ended October 24, compared with a net loss of $23 million on revenue of $1.3 billion in the corresponding period a year earlier, according to its filing Friday with the US Securities and Exchange Commission. The filing positions the company to join a busy slate of possible debuts in the first months of 2026.