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Boeing retaliated against its own engineers working for FAA, union says
Boeing’s white-collar union alleged Tuesday that company management retaliated against engineers overseeing design work on behalf of the Federal Aviation Administration, heightening concerns about a self-regulation regime that’s come under renewed fire since Jan. 5, when a fuselage panel blew out midair.
In 2022, as Boeing worked to ...Read more
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Google fired at least 20 additional workers after last week's Gaza protest, group says
Google fired additional workers this week, after it initially terminated 28 people who it said participated in recent protests against the company's work in Israel.
The total number of employees terminated in the wake of the protests — which took place inside Google offices in New York and Sunnyvale, Calif. — has grown to more than 50 ...Read more
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UPS profit and revenue dip in first quarter. Its CEO sees growth ahead
UPS reported that its revenue and profit continued to decline in the first quarter, but its CEO sees a recovery to growth in the future.
The shipping giant reported $1.1 billion in net income for the first three months of the year, down 41% from $1.9 billion in the same period of 2023.
It had $21.7 billion in first quarter revenue, down 5.3% ...Read more
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Delta is boosting pay for much of its workforce
Delta Air Lines is giving its flight attendants and ground employees a 5% raise, and boosting starting pay to at least $19 an hour for much of its workforce.
It’s the third year in a row that Atlanta-based Delta has raised pay since recovering from the worst effects of the COVID-19 pandemic. Delta granted workers 4% raises in 2022 and 5% ...Read more
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PulteGroup announces 10% jump in revenues, earnings up 32%
PulteGroup last quarter had revenues of $3.8 billion, a 10% jump from the same period a year ago, as the nation’s housing shortage promises to fuel more construction, the company announced Tuesday.
The Atlanta-based homebuilding giant reported a 32% bounce in earnings, an 11% increase in the number of homes sold, as well as a higher profit ...Read more
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Customer satisfaction with airlines is improving, according to study
Even though air travel can be a stressful experience, customer satisfaction with airlines overall is improving, according to a new study.
The American Customer Satisfaction Index travel study found that customer satisfaction with the airline industry reached an all-time high score of 77, up 1 percentage point from the previous year.
“...Read more
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UAW's Fain says VW victory shows union 'can win anywhere'
United Auto Workers President Shawn Fain said the union's organizing victory at Volkswagen AG's plant in Chattanooga, Tennessee, shows the union "can win anywhere."
The plant that builds the Volkswagen ID.4, Atlas and Atlas Cross Sport on Friday became the first foreign-owned automaker organized in the South by the Detroit-based union. Of the ...Read more
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NYC government workers of color paid less than white colleagues, study says
Black, Asian and Hispanic NYC government workers continue to be paid less than their white colleagues, a disparity driven by a persistent pattern of low wages for women of color in the municipal ranks, according to a new study release by the City Council on Tuesday.
The study reflects salary levels across all municipal positions as of 2021, the...Read more
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GM beats profit expectations in first quarter, increases guidance for 2024
General Motors Co. beat Wall Street expectations on Tuesday, delivering first-quarter net income of $3 billion on revenue of $43 billion.
The Detroit automaker increased its guidance for the year of adjusted earnings to be in a range of $12.5 billion to $14.5 billion, up from $12 billion to $14 billion. The automaker expects its net income for ...Read more
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Vista Outdoor gives American investors another chance to raise their bid
The board of directors of Vista Outdoor is giving Texas-based investment group MNC Capital another chance to raise its bid to acquire the company's ammunition and outdoor products brands.
MNC Capital was in early discussions to acquire Vista Outdoor's ammunition companies and made bids for the entire company after Vista selected Prague-based ...Read more
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Millions could lose internet access if this federal program expires
Four years ago, Claudia Aleman and her family had only one way to get online — through their cellphones. Without internet service on a computer, her youngest daughter couldn’t get homework assignments in on time, her parents couldn’t keep up with online doctor visits, and the English classes she wanted to sign up for were out of reach.
...Read more
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Firefighter, forester, trail builder: The first US Climate Corps jobs are here
Restoring coastal ecosystems with oysters in Florida, protecting forests from wildfire in California and maintaining a cultural site (the Pearl Harbor National Memorial) in Hawaii: These are a few of the paid positions that job seekers can now apply for through the Biden administration’s American Climate Corps.
The first batch of job listings...Read more
UnitedHealth data leak may affect 'substantial' swath of US
UnitedHealth Group Inc. found files containing private information on a vast number of Americans whose data may have been compromised in a February cyberattack that upended the U.S. health system.
A sample of the breached files found they contain personal information, including health data, that “could cover a substantial proportion of people...Read more
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David Ellison's journey from trust fund kid to media mogul vying to buy Paramount
When David Ellison, the mega-rich aerobatic pilot and Ferrari-driving son of multibillionaire Oracle co-founder Larry Ellison landed in Hollywood, he was viewed as yet another trust fund scion with Klieg lights in his eyes and an enviable bank account.
Unlike most Hollywood neophytes of his ilk, however, Ellison did not flame out in ignominy or...Read more
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US sues to block $8.5 billion marriage of Coach, Michael Kors
The U.S. Federal Trade Commission sued to stop Tapestry Inc.’s $8.5 billion takeover of rival Capri Holdings Ltd., marking the first time the Biden administration has used its aggressive antitrust enforcement to try to stop a deal in the fashion accessories sector.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices ...Read more
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ADM says former CFO Luthar to resign after accounting probe
Archer-Daniels-Midland Co. said former Chief Financial Officer Vikram Luthar, who was placed on leave earlier this year amid an accounting investigation, has agreed to resign effective Sept. 30.
Luthar, who was suspended in January, will be “available to assist the Company and provide transitional support as needed” as a non-executive ...Read more
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Businesses worry about extended Baltimore port shutdown, Federal Reserve says
The shutdown of vessel traffic in and out of Baltimore’s harbor since the Francis Scott Key Bridge collapse March 26 has caused shipping delays but so far no widespread price increases, a Federal Reserve report says.
Businesses said they can manage a short-term disruption but are concerned about an extended shutdown, according to the Federal ...Read more
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Ameren coal plant is top polluter. Labadie emits more SO2 than any in US
ST. LOUIS — The region's largest coal plant, the Labadie (Missouri) Energy Center, last year emitted far more of a major air pollutant than any plant in the country, a Post-Dispatch analysis has found.
Companywide, the St. Louis-based electric utility Ameren, which owns Labadie, produced more of the pollutant sulfur dioxide than all but one ...Read more
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Survey: More than 1 in 3 American travelers plan to go into debt for their summer vacations this year
Perhaps your summers hold fond memories of strolling along the beach, hiking mountains or trying new foods at a destination hundreds of miles from home. If so, are you planning to keep the travel streak going this year? Would you go into debt for it?
A new Bankrate survey found that only about half (53%) of Americans are planning a summer ...Read more
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PG&E strives to slow pace of increases in electric and gas bills: company CEO
RICHMOND, California — PG&E’s top boss held out hope Monday to the utility’s beleaguered ratepayers that they can expect customer monthly bills to flatten out and someday even fall below the current sky-high utility prices.
The utility titan is working effectively nonstop to scout for ways to curb the head-spinning surge in monthly bills ...Read more
Popular Stories
- David Ellison's journey from trust fund kid to media mogul vying to buy Paramount
- Firefighter, forester, trail builder: The first US Climate Corps jobs are here
- Millions could lose internet access if this federal program expires
- GM beats profit expectations in first quarter, increases guidance for 2024
- Ameren coal plant is top polluter. Labadie emits more SO2 than any in US