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These outsourced Vanguard workers are getting their jobs back
When Vanguard Group outsourced more than 1,300 retirement-plan office jobs to Infosys in 2020, both companies pitched the deal as a win for the Philadelphia region, not just another cost-cutting move.
India-based Infosys called it a first step in attracting work from other U.S. financial employers.
But with Infosys moving jobs back to Vanguard...Read more
Portillo's taps new CEO, an industry veteran who held executive roles at Outback Steakhouse and Ruby Tuesday
Portillo’s, the Chicago-based restaurant chain that has recently scaled back expansion plans amid sluggish sales, has a new CEO.
Industry veteran Brett Patterson, whose resume includes executive roles at Outback Steakhouse, Ruby Tuesday and Olive Garden, will take the reins of Portillo’s on Feb. 23, the company announced Wednesday.
...Read more
BP, United Steelworkers negotiations continue after strike preparations at BP Whiting refinery
GARY, Indiana — An agreement still has not been reached nearly one week after the United Steelworkers union announced it was prepared for a strike or lockout at the BP Whiting, Indiana, refinery.
The groups are expected to continue negotiations.
The USW, on Feb. 6, reached an agreement with Marathon for a four-year national pattern, which ...Read more
LA and Long Beach are among the least affordable cities in the world for homebuyers
Los Angeles, Long Beach and San Diego are among the world's least affordable cities for homebuyers, a recent report says.
When the price of a regular home is compared to regular local salaries, Los Angeles, Long Beach, San Diego and San José were among the five least affordable cities in the world, according to a survey from financial ...Read more
Notorious Orange County dead mall is on track for redevelopment
Westminster Mall, a once-popular shopping center that has been desecrated by graffiti and vandalism since it closed last year, is on track for demolition soon.
It will be replaced with housing, a hotel and some shops and stores, part of a nationwide trend that is seeing outdated, failed malls in high-traffic locations swapped for mixed-use ...Read more
US home resales fall most in four years despite lower rates
Sales of previously owned U.S. homes fell in January by the most in nearly four years, a month marked by a massive winter storm.
Contract closings decreased 8.4%, the biggest drop since February 2022, to a 3.91 million annualized pace in January, according to National Association of Realtors data released Thursday. That trailed the median ...Read more
Real estate Q&A: How I do get relative who was staying with me to leave my home?
Q: I let my cousin stay with me for a couple of weeks while she was having some issues. Those couple of weeks have now turned into a couple of months, and I can’t really deal with her anymore. How do I get her out? — Sheila
A: Sometimes situations that begin with good intentions become more complicated than expected. Offering a helping hand...Read more
Hundreds of workers set for layoff as Ford retools battery plant
GLENDALE, Kentucky — Emily Drueke is "heartbroken" this Valentine's Day — not because of her love life, but because that's the layoff date for her and her husband as Ford Motor Co.'s joint-venture battery plant in Kentucky lets 1,600 workers go.
"I am depressed about it, because I view a lot of my own worth based off of what I can provide, ...Read more
McDonald's sales surge most in two years on $5 meal push
McDonald’s Corp.’s U.S. sales grew at the fastest pace in more than two years in the fourth quarter as value meals continued to resonate with cost-conscious diners.
Sales from established U.S. restaurants jumped 6.8% in the period from a year ago when foot traffic was dented by an E. coli outbreak, ahead of analyst estimates and the ...Read more
Hail damage driving Colorado's high insurance rates
Colorado is one of the most expensive states in the country for insurance and the hail that regularly batters roofs, cars and crops from one end of the state to the other is a big reason why.
Gov. Jared Polis and Colorado Insurance Commissioner Michael Conway said Wednesday that a survey of 20 homeowners insurance companies showed that hail is ...Read more
Judge blocks military members' class-action suit over Wells Fargo credit card fees
A federal judge in eastern North Carolina has ruled that a group of military service members must privately pursue claims over high credit card fees with Wells Fargo Bank, instead of proceeding with a class-action lawsuit.
The order, issued on Friday, recommended dismissal of the suit against the San Francisco-based banking giant, which has its...Read more
Kraft Heinz pauses split to focus on what's 'fixable,' new CEO says
Kraft Heinz is hitting pause on its divorce and pumping $600 million into fixing the marriage of the two iconic packaged food brands that merged in 2015.
The company, which is co-headquartered in Pittsburgh and Chicago, is six weeks into the tenure of its new CEO, Steve Cahillane, who announced on Wednesday that Kraft Heinz's problems are ...Read more
Conagra ordered to pay $25 million in lawsuit alleging Pam cooking spray caused lung disease
A jury awarded a Los Angeles man $25 million in a lawsuit against Chicago-based Conagra alleging its butter-flavored Pam cooking spray caused a rare chronic lung disease that will require a double lung transplant.
The verdict last week in the Superior Court of Los Angeles found that Conagra did not adequately warn consumers about the potential...Read more
Disney bets on Sky deal to drive streaming profits overseas
Disney has struck a multiyear deal with the United Kingdom's leading entertainment aggregator, Sky.
The agreement announced Wednesday will fully incorporate Disney+ streaming content into Sky's platform. Disney+ Standard with Ads will be included in eligible Sky TV packages starting next month. The deal also introduces a new linear movie ...Read more
Warner Bros. Discovery board faces pressure as activist investor threatens to vote no on Netflix deal
Activist investor Ancora Holdings Group is calling on the Warner Bros. Discovery board to consider a revised bid from Paramount Skydance and negotiate with the David Ellison-led company, or it says it will vote no on the proposed deal between Warner Bros. and Netflix.
The Cleveland-based investment management firm released a presentation ...Read more
Shareholders approve merger of American Water and Essential Utilities, which serve PA and NJ
Shareholders of Camden, New Jersey-based American Water Works and Bryn Mawr, Pennsylvania-based Essential Utilities, which owns the Aqua water and sewer companies, voted overwhelmingly Tuesday to merge and create a combined company with nearly $30 billion in yearly water and sewer sales.
More than 99% of the 161 million American Water shares ...Read more
New Trump administration rule will bar green card holders from applying for SBA loans
A new Trump administration rule limits Small Business Administration loans to U.S. citizens, barring green card holders from applying.
The new rule, which goes into effect March 1, surprised many lenders because it reversed decades of government lending policies that sought to broaden its small business reach as a way to stoke job creation.
...Read more
Rampant post-fire price gouging went unpunished, report alleges
When the Palisades and Eaton fires displaced thousands of tenants last year, landlords across L.A. jacked up rental prices while the flames were still burning. Officials were quick to respond, vowing crackdowns on price gouging.
A new report asserts that many of those threats were toothless.
Published by activist organization the Rent Brigade,...Read more
California reserved $165 million for Tesla to electrify its trucking industry. The result may stifle EV innovation
A California clean-air program, designed to rapidly electrify the state’s truck and bus fleets, has recently faced intense criticism for reserving its largest-ever tranche of funding to subsidize Tesla’s all-electric semi-truck, a largely unproven vehicle with a dubious production timeline.
In the past year, the California Air Resources ...Read more
US adds 130,000 jobs and unemployment falls after tepid 2025
U.S. payrolls rose in January by the most in more than a year and the unemployment rate unexpectedly fell, suggesting the labor market continued to stabilize at the start of 2026.
Employers added 130,000 jobs last month and the unemployment rate declined to 4.3%, according to Bureau of Labor Statistics data out Wednesday. That followed ...Read more
Popular Stories
- Econometer: Is a weaker US dollar a good thing?
- Conagra ordered to pay $25 million in lawsuit alleging Pam cooking spray caused lung disease
- New Trump administration rule will bar green card holders from applying for SBA loans
- Shareholders approve merger of American Water and Essential Utilities, which serve PA and NJ
- Kraft Heinz pauses split to focus on what's 'fixable,' new CEO says









