Business and Economic News

T. Boone Pickens, iconic oil tycoon, dead at 91
The legendary energy executive, whose name symbolized big oil, died Wednesday at age 91. He founded the company that became Mesa Petroleum and later began a hedge fund focused on energy investments.
In a world that encourages and champions people who are social and outgoing, it can be difficult to be an introvert. Two self-described introverts talk about the talents they bring and how workspaces can better accommodate them.
Economist Allison Schrager speaks with John Donvan of Intelligence Squared about her new book, “An Economist Walks Into a Brothel.”
This week at farm show: Technology, drones and tiny computers cut farm chemical use
Experts say combining developing drone technology and computer-controlled field sprayers could mean big reductions in pesticide use. By using drone-collected imagery to map weeds in a field, an herbicide can be applied only to those areas.
U.S. Census Bureau reports poverty rate down, but millions still poor
While the poverty rate finally fell to prerecession levels in 2018, the number of people without health insurance increased, and about 1 in 8 Americans still lived below the poverty line.
Mayo Clinic lands data partnership with Google
Mayo Clinic is joining with Google on a partnership to use artificial intelligence to improve care of rare and complex diseases. The project pairs Mayo’s medical expertise and massive collection of patient histories with Google’s ability to organize and make use of vast amounts of data.
Target to add more than 130,000 workers to handle holiday season
All seasonal workers will receive a starting salary of $13 per hour after Target raised its minimum wage in June. Target will hold hiring events at its stores Oct. 11-13 and Nov. 2-3.
U.K. Parliament recesses as Boris Johnson reels from string of defeats
Lawmakers barred the prime minister from pursuing a no-deal Brexit, then rejected his bid to call early elections. Now, as Parliament begins a suspension he requested, Johnson is in a tight spot.
British Airways cancels most flights due to pilot strike
The 48-hour walkout that began Monday could affect as many as 145,000 passengers. The union representing BA pilots says they want a fairer share of the airline's profits.