Wire stories category, Page 102
What college grads should know about the job search
College students about to graduate this spring already have a lot going for them. Armed with degrees, they will enter the workforce at a time of historically low unemployment when companies are desperately vying for talent. Still, career experts say there are steps that recent graduates should take to ensure...
Trump budget targets loan program that could help Lordstown
DETROIT — The Trump administration’s budget proposal scraps a loan program that could help an upstart electric vehicle company’s plans to reuse the now-closed General Motors factory in Lordstown, Ohio. In a summary of the budget for the coming fiscal year, the administration said Monday it wants to eliminate the...
Online mattress pioneer Casper soars in debut tradingVideo
NEW YORK — Shares of online mattress pioneer Casper Sleep Inc. popped in their debut trading Thursday on the New York Stock Exchange. But the New York-based company still faces challenges ahead to prove to investors it can profitably sell mattresses as it becomes a bigger name in the so-called...
Asia stocks surge after Trump acquitted, China virus aid
Asian stock markets surged Thursday after President Donald Trump was acquitted in an impeachment trial and China promised tax cuts and other help to businesses reeling from a virus outbreak. Tokyo’s market benchmark rose more than 2% and indexes in Shanghai, Seoul and Hong Kong also advanced. Oil prices gained....
Disney Plus streamer hits nearly 29 million subscribers in 3 months
NEW YORK — Disney said its Disney Plus streaming service reached nearly 29 million paid subscribers in less than three months, an impressive start for what the company has positioned as its future as more people drop cable subscriptions. But as expected, starting up a new service comes with huge...
Macy’s to close 125 stores, shed 2,000 corporate jobs
NEW YORK — Macy’s said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The store closures represent about one fifth of Macy’s current total. They include about 30...
Sales were up during holidays, but 1K more stores about to go under
The 10,800 stores closed by retailers last year wasn’t enough: just one month into 2020, they have announced plans to close 1,000 more. “It’s sad, there are a lot of things closing,” said Patti Maher, 57, of Orland Park, Ill., browsing liquidation sales at Papyrus in Chicago. The greeting card...
Stocks sink on fears virus outbreak will dent the economy
Stocks fell sharply on Wall Street Friday as fears spread through the markets that a virus outbreak emanating from China will dent global growth. The Dow Jones Industrial Average skidded more than 600 points and the S&P 500 index erased its gains for January. Technology companies, which do a lot...
U.S. workers’ compensation growth slowed a bit in 2019
WASHINGTON — Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday. Total salaries and benefits such as health insurance rose 2.7% in 2019, according to the government’s employment cost index, down from 2.9% in the...
Amazon is big … really, really big; workforce hits 500K
NEW YORK — Need more proof that Amazon is big? It came this week. Amazon’s U.S. workforce topped 500,000 for the first time, up 43% from the year before and more than triple what it was five years ago, the company said Friday. It gained 150,000 workers last year, more...
U.S. workers’ compensation growth slowed a bit in 2019
WASHINGTON — Americans’ pay and benefits rose at a solid pace last year, but at a slower rate than in 2018, the Labor Department said Friday. Total salaries and benefits such as health insurance rose 2.7% in 2019, according to the government’s employment cost index, down from 2.9% in the...
Amazon is big … really, really big; workforce hits 500K
NEW YORK — Need more proof that Amazon is big? It came this week. Amazon’s U.S. workforce topped 500,000 for the first time, up 43% from the year before and more than triple what it was five years ago, the company said Friday. It gained 150,000 workers last year, more...
Delta, American and United suspend flights between U.S., China
NEW YORK — Delta Air Lines and American Airlines said Friday they will suspend all flights between the U.S. and China, making them the first U.S.-based airlines to do so and joining several international carriers that have stopped flying to China as the coronavirus outbreak continues to spread. United Airlines...
Stocks sink on fears virus outbreak will dent the economy
Stocks fell sharply on Wall Street Friday as fears spread through the markets that a virus outbreak emanating from China will dent global growth. The Dow Jones Industrial Average skidded more than 600 points and the S&P 500 index erased its gains for January. Technology companies, which do a lot...
Commerce secretary: China virus could bring jobs back to the United StatesVideo
WASHINGTON — Commerce Secretary Wilbur Ross suggested Thursday that the viral outbreak in China might offer an unexpected benefit for the U.S. economy: It could encourage American manufacturers in China to return to the United States. “I think it will help to accelerate the return of jobs to North America....
Dating apps face U.S. inquiry over underage use, sex offenders
SAN FRANCISCO — A House subcommittee is investigating popular dating services such as Tinder and Bumble for allegedly allowing minors and sex offenders to use their services. Bumble, Grindr, The Meet Group and the Match Group, which owns such popular services as Tinder, Match.com and OkCupid, are the current targets...
Chick-Fil-A’s war with Popeyes drains supply of little chickens
CHICAGO — Fast-food titans, embroiled in a chicken-sandwich battle, are trying to beat each other with small weapons. Little chickens, whose quarter-pound breasts fit perfectly inside a bun, are proving essential to the war effort. In the process, they’re getting harder to come by. A shortage of the smaller birds...
NASA chooses company for first habitable commercial space on space station
The International Space Station may soon become a duplex. NASA announced Houston-based Axiom Space has won the contract to begin to build what could become a commercial space station that connects to to the ISS. The first step is letting Axiom Space hook up to the ISS with an initial...
UPS to expand operations in Pennsylvania, hire 1,700 workers
HARRISBURG — Package delivery company United Parcel Service has committed to spending $1.4 billion to expand its operations in Pennsylvania and hire more than 1,700 new full-time employees, Gov. Tom Wolf’s administration said Wednesday. Wolf’s administration said it offered UPS $2.7 million in tax credits and more than $6 million...
Fed leaves key rate alone but sees virus among global risks
WASHINGTON — The Federal Reserve kept its key interest rate unchanged at a low level Wednesday amid an economy that looks solid but faces potential global threats, including from China’s viral outbreak. The Fed sketched a mostly bright picture of the U.S. economy in a statement it released after its...
Chipotle fined $1.3M over thousands of child labor abuses
BOSTON — Chipotle was hit with a $1.3 million fine over more than 13,000 child labor violations at its Massachusetts restaurants, the state’s attorney general announced Monday. Attorney General Maura Healey ordered the largest child labor penalty ever issued by the state against the Mexican restaurant chain after finding an...
Delta Air Lines fined $50,000 by government for alleged discrimination
ATLANTA — The U.S. Department of Transportation is fining Delta Air Lines $50,000 for alleged discrimination against Muslim passengers in two separate incidents in 2016. Atlanta-based Delta disagrees with the DOT’s contention that it engaged in discriminatory conduct, according to a DOT consent order issued Friday. The consent order comes...
Samsung’s version of Apple’s AirDrop launching next monthVideo
Samsung Galaxy owners may soon be able to directly transfer files between devices. Apple users have long been able to send photos and other files among Macs and iOS devices using the company’s AirDrop service. The function does not use email or texting, but sends files to any Apple device...
Southern burger chain Krystal files for bankruptcyVideo
BIRMINGHAM, Ala. — Krystal Co., the Georgia-based restaurant chain known for tiny hamburgers and late-night service across the Southeast, has filed for bankruptcy, but said Tuesday that all of its locations would remain open. Federal court documents showed Krystal sought Chapter 11 bankruptcy protection Sunday in Atlanta. The company said...
A new battleground in the web browser wars: Privacy
Google announced a massive shift last week in how it handles cookies, those pesky digital trackers that chase us around the internet and serve up targeted ads that are both creepy yet eerily precise reflections of our wants. The search giant, which just helped Alphabet Inc. surpass a $1 trillion...
