business

UAW says a majority of workers at an Alabama Mercedes plant have signed cards supporting the union

DETROIT — The United Auto Workers said Tuesday that a majority of workers at a Mercedes plant near Tuscaloosa, Alabama, have signed cards in support of joining the union. The plant in Vance, Alabama, is the second one to reach more than 50% of workers signing up, according to the union. Earlier in February, the […]

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AutoZone, Macy's rise; Unity Software, CarGurus fall, Tuesday, 2/27/2024

Stocks that traded heavily or had substantial price changes on Tuesday: AutoZone, Macy’s rise; Unity Software, CarGurus fall NEW YORK — Stocks that traded heavily or had substantial price changes on Tuesday: AutoZone Inc., up $184.53 to $2,954.99. The auto parts retailer beat analysts’ fiscal second-quarter earnings and revenue forecasts. Macy’s Inc., up 65 cents

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Chatbots' inaccurate, misleading responses about U.S. elections threaten to keep voters from polls

NEW YORK — With presidential primaries underway across the U.S., popular chatbots are generating false and misleading information that threatens to disenfranchise voters, according to a report published Tuesday based on the findings of artificial intelligence experts and a bipartisan group of election officials. Fifteen states and one territory will hold both Democratic and Republican

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Sony to cut about 900 jobs in its PlayStation unit as layoffs in technology, gaming sector continue

Sony will cut about 900 jobs in its PlayStation division, or about 8% of its global workforce, becoming the latest company in the technology and gaming sector to announce layoffs Sony will cut about 900 jobs in its PlayStation division, or about 8% of its global workforce, becoming the latest company in the technology and

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Consumer confidence slips in February as anxiety over potential recession surprisingly reappears

American consumers are feeling less confident this month as concerns over a possible recession grew despite most recent data pointing to a healthy U.S. economy. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 106.7 from a revised 110.9 in January. Analysts had been forecasting that the index

Consumer confidence slips in February as anxiety over potential recession surprisingly reappears Read More »

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Macy's to close 150 stores as it pivots to luxury at Bloomingdale's and Blue Mercury

NEW YORK — Macy’s will close 150 unproductive namesake stores over the next three years including 50 by year-end, the department store operator said Tuesday after posting a fourth-quarter loss and declining sales. As part of the strategy, Macy’s aims to upgrade its remaining 350 stores, with plans to add more salespeople to fitting areas

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NASCAR teams have hired a top antitrust attorney in their revenue dispute. Here's what it means

The NASCAR season is underway, with 38 races to determine another stock car racing champion in the 76th season of the top motorsports series in the United States. There is a serious problem for NASCAR and its teams: Negotiations on a new revenue-sharing model have deteriorated. In mid-February, representatives from five teams told The Associated

NASCAR teams have hired a top antitrust attorney in their revenue dispute. Here's what it means Read More »

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Athens taxis on a 48-hour strike that will coincide with a nationwide public sector stoppage

Taxi drivers in the Greek capital have begun a 48-hour strike, with the second day timed to coincide with a nationwide strike by public and some private sector workers that is expected to disrupt public transport, flights and ferries ATHENS, Greece — Taxi drivers in the Greek capital began a 48-hour strike Tuesday, with the

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Biden administration taps $366M for clean energy for Native American tribes, areas

The federal government will fund 17 projects across the U.S. to expand access to renewable energy on Native American reservations and in other rural areas, the Biden administration announced on Tuesday. The $366 million plan will fund solar, battery storage and hydropower projects in sparsely populated regions where electricity can be costly and unreliable. The

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Viking Therapeutics stock jumps 80% after positive weight loss drug trial results

Shares of Viking Therapeutics soared more than 80% in premarket trading Tuesday after the company’s experimental weight loss drug showed promising initial results in a mid-stage trial.  Viking Therapeutics is one of several small obesity drugmakers hoping to enter the budding weight loss drug industry, which analysts say could grow into a $100 billion market

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