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New York Times
GM to Idle Plants and Cut Thousands of Jobs as Sales Slow
New York Times
General Motors announced Monday that it planned to idle five factories in North America and cut roughly 14,000 jobs in a bid to trim costs. It was a jarring reflection of the auto industry's adjustment to changing consumer tastes and sluggish sales ...
Romaine lettuce is safe if it's not from central California, FDA says
Romaine lettuce is safe to eat as long as it's not from California's Central Coast growing region, federal health officials said Monday. So far, an outbreak of E. coli linked to romaine lettuce has made 43 people sick in 12 states, plus another 22 in ...
Black Friday, Cyber Monday Sales Hit Another High, But It's Not Time To Celebrate Yet
The American sport of deal hunting and conspicuous consumption has again been on display with the onset of Black Friday doorbuster deals followed by Cyber Monday promotions enticing consumers to open their wallets and officially kick off the U.S ...
Alibaba's Jack Ma is a Communist Party member, China state paper reveals
SHANGHAI (Reuters) - Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd (BABA.N) and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire ...
United Technologies is breaking into 3 independent companies
NEW YORK (AP) — United Technologies is breaking itself into three independent companies now that it has sealed its $23 billion acquisition of aviation electronics maker Rockwell Collins. The company's announcement Monday was the latest by a sprawling ...
Bank of America ATM in Texas mistakenly spits out $100 bills, customers can keep it
Just in time for the holiday season, a malfunctioning Bank of America ATM in Texas early Monday dispensed $100 bills instead of $10 bills, causing several fights to break out and the bank eventually telling its lucky customers they can keep it. There ...
O'Hare delays continue hours after November snowstorm; Metra seeing few delays for evening commute
Travelers at O'Hare International Airport were still experiencing long delays on Monday afternoon, hours after one of the largest November snowstorms on record hit the Chicago area. The storm dumped as much as 13 inches of snow and contributed to more ...
Elon Musk should just admit it when his companies are in trouble — it would make supporters love him even more
This weekend, Tesla CEO Elon Musk said in an interview that his electric car company had been "near death" and "bleeding cash" earlier this year. This contradicts what Musk said earlier in 2018 during various earnings calls and interviews. And it's not ...
Fox, Disney Hit For $1B Over Dashed Malaysian Theme Park
Law360 (November 26, 2018, 10:33 PM EST) -- Resort development giant Genting Malaysia Berhad wants more than $1 billion from Fox Entertainment LLC and the Walt Disney Co., according to a suit filed Monday in California federal court that accuses the ...
Amazon's cloud unit launches Arm-based server chips
Amazon's cloud business is coming out with cheaper computing options, thanks to server chips that use the energy-efficient Arm processing architecture. Amazon Web Services, the clear market leader for public cloud infrastructure, is the first of the ...