Wire stories category, Page 14
Stellantis will cut 1,100 jobs at Toledo’s Jeep Gladiator plant
Stellantis NV said Wednesday it plans to cut a shift at its Toledo plant that builds Jeep Gladiator pickups, which will result in about 1,100 indefinite layoffs by early next year. The move from two to one shifts does not come as a surprise, with Gladiator sales slowing this year...
Bernie Marcus, Home Depot co-founder and billionaire philanthropist, dies at 95
NEW YORK — Bernard “Bernie” Marcus, the co-founder of The Home Depot, the world’s largest home improvement chain, a billionaire philanthropist, and a big Republican donor, has died. He was 95. Marcus died Monday in Boca Raton, Florida, surrounded by family, according to a Home Depot spokesperson. Marcus was Home...
Boeing factory workers vote to accept contract and end more than 7-week strike
SEATTLE — Unionized machinists at Boeing voted Monday to accept a contract offer and end their strike after more than seven weeks, clearing the way for the aerospace giant to resume production of its bestselling airliner and generate much-needed cash. Leaders of the International Association of Machinists and Aerospace Workers...
Many retailers offer ‘returnless refunds.’ Just don’t expect them to talk much about it
It’s one of the most under-publicized policies of some of the biggest U.S. retailers: sometimes they give customers full refunds and let them keep unwanted items too. Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping fees, processing time and...
Autonomous truck company Aurora delays hauling freight without human drivers until April
Autonomous truck company Aurora Innovation says it won’t start hauling freight without humans on board until April of next year, a delay from previous statements that commercial service would begin by the end of 2024. The Pittsburgh company on Wednesday said the April launch of driverless semis traveling from Dallas...
McDonald’s E. coli case count rises as federal officials inspect an onion grower
WASHINGTON — Federal officials on Wednesday reported more cases of E. coli poisoning among people who ate at McDonald’s, as government investigators seeking the outbreak’s source identified an “onion grower of interest” in Washington state. The Food and Drug Administration said 90 people across 13 states have fallen ill in...
PepsiCo closing 4 bottling plants and cutting nearly 400 jobs as it streamlines operations
PepsiCo said Wednesday it plans to close four U.S. bottling plants and lay off nearly 400 workers as part of its efforts to streamline its operations. The company said the closures will impact 136 workers in Cincinnati; 131 in Chicago; 127 in Harrisburg, Pa.; and fewer than 50 in Atlanta....
Allegheny Technologies posts 3rd quarter net income of $82.7M
DALLAS — Allegheny Technologies Inc. (ATI) on Tuesday reported third-quarter net income of $82.7 million. The Dallas-based company said it had net income of 57 cents per share. Earnings, adjusted for restructuring costs, came to 60 cents per share. The results fell short of Wall Street expectations. The average estimate...
Switching jobs? There’s more to do with your 401(k) than just rolling it over
Job hopping is one of the best ways workers have to increase their pay, and a surprisingly solid job market means they still have opportunities. That’s great news for workers, but remember: Make sure you’re setting aside as much into your new 401(k) plan as your old one. When a...
McDonald’s says onions from California grower linked to deadly E. coli outbreak
A California grower was the source of fresh onions linked to a deadly E. coli food poisoning outbreak at McDonald’s, officials with the restaurant chain said Thursday. Meanwhile, other fast-food restaurants — including Taco Bell, Pizza Hut, KFC and Burger King — pulled onions from some menus. McDonald’s officials said...
Boeing factory workers vote to reject contract and continue 6-week strike
SEATTLE — Boeing factory workers voted Wednesday to reject the company’s latest contract offer and to continue a six-week strike that has halted production of the aerospace giant’s bestselling jetliners. Local union leaders in Seattle said the proposal fell short of the majority of support needed from members of the...
U.S. fines American Airlines $50 million over mishandling of disabled passengers, wheelchairsVideo
DALLAS — The U.S. government fined American Airlines $50 million for failing to provide wheelchair assistance to passengers with disabilities and damaging thousands of wheelchairs over a five-year period, The Transportation Department said Wednesday that “in some cases,” wheelchair users were injured, but it did not give a number. American...
Denny’s says it expects to close 150 locations by the end of 2025
Denny’s says it’s closing 150 of its lowest-performing restaurants in an effort to turn around the brand’s flagging sales. About half of the closures will happen this year and the rest in 2025, the company said during a meeting with investors Tuesday. The locations weren’t revealed, but the restaurants represent...
Defense contractor Raytheon agrees to pay $950 million to resolve bribery, fraud allegations
NEW YORK — RTX Corp., the defense contractor formerly known as Raytheon, agreed Wednesday to pay $950 million to resolve allegations that it defrauded the government and paid bribes to secure business with Qatar. The company entered into deferred prosecution agreements in separate cases in federal court in Brooklyn and...
Protesters demand Kellogg remove artificial colors from Froot Loops and other cereals
Dozens of people rallied outside the Michigan headquarters of WK Kellogg Co. on Tuesday, demanding the company remove artificial dyes from its breakfast cereals in the U.S. Kellogg, the maker of Froot Loops and Apple Jacks, announced nearly a decade ago it would remove artificial colors and ingredients from its...
Boeing to lay off 10% of employees as strike by factory workers cripples airplane production
Boeing plans to lay off about 10% of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes. New CEO Kelly Ortberg told staff in a memo Friday the job cuts...
TD Bank to pay $3 billion in historic money-laundering settlement with the Justice DepartmentVideo
WASHINGTON — TD Bank will pay approximately $3 billion in a historic settlement with U.S. authorities who said Thursday that the financial institution’s lax practices allowed significant money laundering over multiple years. Canada-based TD Bank pleaded guilty to conspiracy to commit money laundering, the largest bank in U.S. history to...
Dockworkers’ union to suspend strike until January to allow time to negotiate new contract
DETROIT — The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports reached a deal Thursday to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract. The union, the International Longshoremen’s Association, is to resume working immediately. The temporary end to...
Taxpayers in 24 states will be able to file their returns directly with the IRS in 2025
WASHINGTON — The IRS is expanding its program that allows people to file their taxes directly with the agency for free. The federal tax collector’s Direct File program, which allows taxpayers to calculate and submit their returns to the government directly without using commercial tax preparation software, will be open...
Amazon, Target and other retailers are ramping up hiring for the holiday shopping season
Retailers are ramping up hiring for the holiday season, but fewer seasonal employees are expected to be taken on this year to help customers in stores and assemble online orders in warehouses. E-commerce giant Amazon said Thursday it will hire 250,000 full, part-time and seasonal workers for the crucial shopping...
Trump’s crypto venture begins sign-ups as business’s purpose remains unclear
Donald Trump’s World Liberty Financial decentralized finance project has started to sign up users even though it remains unclear what services the crypto platform will offer. The project backed by the former president is now accepting accredited U.S. investors and non-U.S. persons, according to posts Monday on the social networks...
CNN puts paywall on its website as TV revenues decline
CNN has long had one of the most visited news websites in the world. Starting Tuesday, users are going to have to pay for it. The Warner Bros. Discovery-owned news operation is putting a paywall on CNN.com, requiring U.S. users to pay $3.99 for access or a discounted rate of...
Dockworkers may have the negotiating advantage in their strike against U.S. ports
PHILADELPHIA — With 45,000 longshoremen at 36 U.S. ports from Maine to Texas on strike for the first time in decades, experts say the workers may wield the upper hand in their standoff with port operators over wages and the use of automation. Organized labor enjoys rising public support and...
Warren Buffett buys rest of Berkshire Hathaway’s utilities, but investors must guess at the price
OMAHA, Neb. — Warren Buffett’s Berkshire Hathaway is buying the rest of its utility unit from the estate of a longtime board member who died three years ago, but it’s not clear exactly how much it will pay for that 8% stake in the massive utility business. Berkshire Hathaway Energy...
Ford to cover cost of home charger, installation for EV buyers through end of year
In an effort to boost sales, Ford Motor Co. will cover the cost of a home charging station and its installation starting Tuesday through the end of the year for customers who buy or lease a new electric vehicle. EV sales aren’t growing as quickly as the industry had expected....
