UAW members on strike outside a GM plant in Flint Michigan on Sept. 16th, 2019. Michael Wayland | CNBC DETROIT – Labor costs for the Detroit automakers are expected to increase by up to roughly $1 billion in the coming years as a result of contracts ratified last year with the United Auto Workers union.
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In 2014, American Eagle Outfitters opened three stores in the United Kingdom. Just three years later, the teen retailer abandoned the market. The U.K. fashion market is notoriously tough for international retailers to break into. It’s crowded, and U.S. retailers’ products are often too expensive. Due to the country’s small physical size and high population
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019. Lindsey Wasson | Reuters A year ago, Boeing posted record revenues topping $100 billion with hopes of delivering a chart-topping number of airplanes in 2019, including hundreds of 737 Max jetliners. The news isn’t
2020 Toyota Tacoma TRD Pro Source: Toyota DETROIT – Toyota Motor will shift all production of the Tacoma midsize pickup from Texas to Mexico as it restructures its North American footprint and invests $13 billion in U.S. manufacturing operations through next year. Toyota says no U.S. jobs will be lost as a result of the
Oscar Statue at the Academy of Motion Picture Arts and Sciences on February 23, 2019 in Beverly Hills, California. Rodin Eckenroth Four years after it introduced major changes to its voting and recruitment rules, the organization behind the Academy Awards still has a diversity problem. The Academy of Motion Picture Arts and Sciences in 2016
Medical staff transfer patients to Jin Yintan hospital on January 17, 2020 in Wuhan, Hubei, China. Getty Images U.S. health and Homeland Security officials will begin screening at major U.S. airports for the new Chinese Coronavirus that has caused two deaths and more than 40 infections in China. The Centers for Disease Control and Prevention
Corie Barry, chief executive officer of Best Buy Co., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Sarah Silbiger | Bloomberg | Getty Images Best Buy‘s board is probing allegations that the electronics retailer’s CEO Corie Barry had an inappropriate romantic relationship with another company executive. The
Cashiers ring up shoppers at a Walmart store in Burbank, California. Patrick T. Fallon | Bloomberg | Getty Images Walmart is shuffling its executive team after the 2019 holiday season. The company’s chief merchant Steve Bratspies is set to depart, according to an internal memo sent to employees Friday by Walmart U.S. CEO John Furner,
Herd boys pull out an ox stuck in muddy waters in the drying Mabwematema dam 20km North of Zvishavane, on December 25, 2019. Zinyange Auntony | AFP | Getty Images Countries and regions with lower per capita GDP levels are generally more exposed to climate change, according to McKinsey Global Institute’s newest climate risk report.
Carlos Beltran talks after being introduced as manager of the New York Mets during a press conference at Citi Field on November 4, 2019 in New York City. Rich Schultz | Getty Images The New York Mets announced Thursday that manager Carlos Beltrán will leave the team after he was named in the MLB report