Wire stories category, Page 10
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, wheelchairs
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 Department
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....
DirecTV buys rival Dish as satellite mainstays hunker down against onslaught of streaming services
DirecTV is buying Dish and Sling, a deal it has sought to complete for years, as the company seeks to better compete against streaming services that have become dominant. DirecTV said Monday that it will acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction...
Ports seek order to force dockworkers to bargaining table as strike looms at East and Gulf ports
DETROIT — With a strike deadline looming, the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen’s union come to the bargaining table to negotiate a new contract. The U.S. Maritime Alliance says it filed an unfair labor practice charge with the National...
CrowdStrike executive apologizes to Congress for July global tech outage
WASHINGTON — An executive at cybersecurity company CrowdStrike apologized in testimony to Congress for sparking a global technology outage over the summer. “We let our customers down,” said Adam Meyers, who leads CrowdStrike’s threat intelligence division, in a hearing before a U.S. House cybersecurity subcommittee Tuesday. Austin, Texas-based CrowdStrike has...
Department of Justice sues Visa, alleges the card issuer monopolizes debit card markets
NEW YORK — The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars. The complaint filed Tuesday says San Francisco-based Visa penalizes merchants...
Wall Street drifts to more records after Chinese stocks soar
NEW YORK — U.S. stocks drifted to more records Tuesday after Chinese stocks soared following a slew of moves by the Chinese central bank to prop up the world’s second-largest economy. The S&P 500 rose 0.3% to set an all-time high for the 41st time this year. The movements were...
Kmart’s blue light fades to black with the shuttering of its last full-scale U.S. store
NEW YORK — Attention, Kmart shoppers, the end is near! The erstwhile retail giant renowned for its Blue Light Specials — featuring a flashing blue orb affixed to a pole enticing shoppers to a flash sale — is shuttering its last full-scale store in mainland United States. The store, located...
Analysts say market forces will lower cost of obesity drugs
WASHINGTON — The CEO of Novo Nordisk is set to appear before a Senate panel Tuesday to be grilled on the high cost of Ozempic and Wegovy, the popular drugs used to treat diabetes and obesity. But health economists say it’s unlikely that congressional pressure will be the driving force...
Stock market today: Wall Street adds slightly to record highs
NEW YORK — U.S. stock indexes reached new heights Monday after drifting higher in a quiet day of trading. The S&P 500 rose 16.02 points, or 0.3%, to 5,718.57 and edged past its record set Thursday. The Dow Jones Industrial Average added 61.29 points, or 0.1%, to its own all-time...
