Wire stories category, Page 38
Peltz, citing changes at Disney, ends push for seat on board
Activist investor Nelson Peltz has called off a proxy fight with Disney one day after newly returned CEO Bob Iger announced a major restructuring of the company that includes thousands of job cuts. Peltz phoned into CNBC on Thursday to say that his firm, Trian Fund Management, got everything it...
Super Bowl ads will tout Jesus ‘gets us’ to the masses
The religiously wary, the spiritually curious — and anyone inclined to appeal to a higher power on game day — are the target audience for a Super Bowl ad campaign with a simple message: Jesus loves them. A group that includes wealthy Christian boosters is using the biggest megaphone TV...
More Americans apply for jobless benefits last week
More Americans filed for jobless benefits last week, but layoffs remain historically low despite attempts by the Federal Reserve to cool the economy, and hiring, to bring down inflation. Applications for jobless aid in the U.S. for the week ending Feb. 4 rose by 13,000 last week to 196,000, from...
In a first, some CSX railroad workers to get paid sick leave
OMAHA, Neb. — Several thousand workers at CSX will soon get one of the things that pushed the U.S. railroad industry to the brink of a strike last fall: paid sick time. CSX announced a deal this week with two of its 12 unions, becoming the first major railroad to...
Primary care remains hot deal target with CVS $10.6B bid
Big money is pouring into primary care clinics as the nation’s health care giants hunt for ways to cut costs by keeping people healthy. CVS Health said Wednesday that it will spend about $10.6 billion to buy Oak Street Health, which runs clinics that specialize in treating Medicare Advantage patients....
John Travolta, Adam Driver star in Super Bowl ads
NEW YORK — The Super Bowl is advertising’s biggest, glitziest stage. Big name advertisers from Netflix to Google are paying as much as $7 million for a 30-second spot during the big game on Sunday, in order to capture the attention of the roughly 100 million viewers who tune in...
Wall Street rallies after swerving on Fed chair’s commentsVideo
NEW YORK — Wall Street rallied Tuesday after the Federal Reserve signaled last week’s stunningly strong jobs report won’t by itself change where interest rates are heading, as some investors had feared. The S&P 500 climbed 1.3% following a shaky day where stocks pinballed between losses and gains as Fed...
Big tech job cuts keep coming; Zoom latest to trim headcount
The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. The computer maker Dell said this week that it’s cutting about 6,600 jobs. Large and small tech companies went on a hiring...
Super Bowl gambling surging as states legalize it? You bet
ATLANTIC CITY, N.J. — As legal sports gambling proliferates, the number of Americans betting on the Super Bowl and the total amount they’re wagering is surging — although most of the action is still off the books. An estimated 1 in 5 American adults will make some sort of bet,...
Millennial Money: Should unmarried couples have one account?
When a couple joins financial forces, it’s typically so they can accomplish a joint savings goal or contribute to shared expenses, such as those that come from living together. This is a typical step for married couples, but more unmarried couples are taking the plunge to combine households: The number...
Group: 1-in-5 U.S. adults will bet on this year’s Super Bowl
ATLANTIC CITY, N.J. — A record 50.4 million American adults plan to bet on this year’s Super Bowl, wagering a total of $16 billion, the gambling industry’s national trade group predicted Tuesday. The American Gaming Association forecasts that 1-in-5 American adults will place a bet on Sunday’s NFL championship game...
Super Bowl draws epic air show of private planes to Phoenix
PHOENIX — Former NFL player Jim Bob Morris is heading to the Super Bowl in Phoenix from Bloomington, Illinois, in a newly refurbished set of wheels. His ride has new paint, new seating and even a new bathroom. Morris, who played for the Green Bay Packers, Houston Oilers and was...
Fox sells out Super Bowl ads: crypto out, alcohol in
NEW YORK — The hottest ticket in town for advertisers is officially sold out. Fox said Monday that in-game ads for Super Bowl LVII have all been sold. The big game between the Kansas City Chiefs and the Philadelphia Eagles takes place on Sunday. The Super Bowl is advertising’s biggest...
Liz Weston: ‘Bridge’ your way to Social Security
Delaying the start of Social Security benefits is a powerful way for retirees to cope with inflation, survive bad investment markets and reduce the risk they’ll run short of money. The advantages of waiting are so great that financial planners often recommend their clients tap other savings, such as retirement...
Retailers try to curb theft while not angering shoppers
NEW YORK — When the pandemic threat eased, Maureen Holohan was eager to scale back her online shopping and return to physical stores so she could more easily compare prices and scour ingredients on beauty and health care products for herself and her three children. But that experience was short...
Nostalgia sells; nostalgia with a twist can be a smash
Nostalgia sells and marketers know it, having used the brands of yesteryear fully aware that consumers will open their wallets to scratch that sentimental itch. Those oldies but goodies keep popping up today, but increasingly with a twist. Companies continue to re-release snacks, entertainment and technology that millions of people...
U.S. adds a surprisingly strong 517,000 jobs despite Fed hikes
WASHINGTON — America’s employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates. The unemployment rate dipped to 3.4%, a new half-century low. Friday’s government report added to the...
Companies pledge millions in Fed effort to stem road deaths
WASHINGTON — Nearly 50 businesses and nonprofits — including rideshare companies Uber and Lyft, industrial giant 3M and automaker Honda — are pledging millions of dollars in initiatives to stem a crisis in road fatalities under a new federal effort announced Friday. It’s part of the Department of Transportation’s “Call...
Stocks hit summer highs as Fed sees progress on inflationVideo
NEW YORK — Wall Street climbed Wednesday to its best level since the summer following the latest hike to interest rates by the Federal Reserve, which said it’s finally seeing improvements in inflation. The S&P 500 rallied back from an early 1% loss to rise 1% after Fed Chair Jerome...
Fed lifts rate by quarter-point and signals more hikes aheadVideo
WASHINGTON — The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. And the Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes. At the same time, Chair...
U.S. consumer confidence lags as 2023 gets underway
American consumers are kicking off 2023 a bit less confident than they were at the end of last year as inflation and the possibility of a recession loom. The Conference Board reported Tuesday that its consumer confidence index slipped to a still-optimistic 107.1 in January, down from 109 in December....
U.S. probes complaints of parts flying off of Ford Explorers
DETROIT — The U.S. government’s road safety agency is investigating complaints that windshield trim panels can fly off of Ford Explorers while they’re traveling at highway speeds. The National Highway Traffic Safety Administration says it has 164 complaints about the trim pieces detaching on 2011 through 2019 Explorer SUVs. The...
Wall Street climbs to add more to its strong JanuaryVideo
NEW YORK — Wall Street closed out a strong January with more gains on Tuesday, ahead of what many investors hope will be one of the Federal Reserve’s last hikes to interest rates for a while. Markets got a boost after a report showed that that growth for workers’ pay...
Justice Department seeks Tesla automated driving documents
The U.S. Justice Department has requested documents from Tesla Inc. related to its Autopilot and “Full Self-Driving” features, according to a regulatory filing. “To our knowledge no government agency in any ongoing investigation has concluded that any wrongdoing occurred,” Tesla said in the filing Tuesday with the Securities and Exchange...
Millennial Money: 6 ways to move out of your parents’ house
Nearly a quarter of millennials (22%) are living with their parents, and more than half of those living with them (55%) made the move in 2022, according to a December survey from PropertyManagement.com. Many said they’re back home due to high rent, money concerns or job losses — and 9...
