(Reuters) - Toyota Alabama said on Wednesday it was investing $282 million in Huntsville, Alabama to add new production lines, which will generate around 350 new jobs.
This brings the total investment in Toyota Alabama to more than $1.7 billion, the automaker said.
(Reporting by Pratyush Thakur in Bengaluru; Editing by Shilpi Majumdar)
Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500 million to settle a pair of class-action lawsuits regarding their involvement in an alleged bread price-fixing scheme.
Retirement means different things to different people. For some, it means working a traditional career path until they're in their mid-60s -- right around the time when they can start collecting their...
DETROIT (AP) — Investors are punishing automakers' stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices, just as the companies are having to spend huge sums to make new electric and gas vehicles.
Scotiabank says a “technical issue” has left some customers’ payments, including direct deposits, not being put into their accounts. “We are currently experiencing a technical issue where some of our clients’ inbound payments, including direct deposits and cheque deposits, are not being applied to their accounts,” the bank said in a social media post shortly after 10 a.m. Eastern.
The Nova Scotia government is seeking more than $900,000 from the directors of a defunct fuel and heating oil company for taxes that were collected from customers in the years before it went bankrupt but which were never turned over to the province.The provincial fuel tax issue is adding to the catalogue of financial woes faced by Maritime Fuels that have trickled out since it abruptly closed down last fall, owing more than $51 million to creditors, including $2.5 million to customers who prepai
MILAN (AP) — Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere Thursday after reporting a plunge in first-half earnings.
Apple has fallen out of the top 5 ranking of smartphone vendors in China, according to data trackers, marking the first time in years the iPhone maker has fallen so low in one of its most important markets. iPhone shipments in China in the three months ended June declined 2 per cent year on year, bumping Apple down to No 6 on Canalys' list of top vendors by shipments, putting it behind Vivo, Oppo, Honor, Huawei Technologies and Xiaomi, according to a report from the market research firm on Thurs
(Bloomberg) -- China’s electric carmakers are expanding in Europe to blunt the impact of tariffs meant to weaken their price advantage over the region’s ailing legacy manufacturers.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds UpHarris Just Showed Why Trump Is So Afraid of HerGreat Rotation Trade Sees Investors Dump AI Giants for L
The profit-reporting season for oil and gas companies started out in a downbeat mood, but things could be starting to shift.
Here are two of the best Canadian dividend stocks you can add to your portfolio right now to build retirement wealth in the long run. The post Dividend Fortunes: 2 Canadian Stocks Leading the Way to Retirement Wealth appeared first on The Motley Fool Canada.
BEIJING (Reuters) -Apple's smartphone shipments in China fell by 6.7% in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to data from market research firm Canalys. Apple's total shipments for the quarter ending in June stood at 9.7 million units, down from 10.4 million units in the same quarter last year, Canalys data shows. In contrast, Huawei's smartphone shipments surged 41% year-on-year to 10.6 milion in the quarter, bolstered by the launch of its new Pura 70 series in April.
A court case could soon settle a spicy dispute: Who invented Flamin' Hot Cheetos? A former PepsiCo executive is suing the company, saying it destroyed his career after questioning his claim that he invented the popular flavor of Cheetos snacks. PepsiCo said Thursday it has no comment on the lawsuit, which was filed July 18 in California Superior Court.
Strategic petroleum reserve stocks are low and regulatory easing may only significantly boost U.S. long-run supply, the bank said in a client note. Oil prices rose slightly on Friday after the release of U.S. economic data that beat analyst estimates, raising investor expectation for increased crude oil demand from the world's largest energy consumer. Goldman Sachs expects Brent prices to range from $75 to $90 in 2025, assuming trend-like growth in gross domestic product (GDP) and steady oil demand as well as market balancing by the Organization of the Petroleum Exporting Countries and affiliates.
(Bloomberg) -- Signs that equity investors are getting cold feet over the rapid advances in artificial intelligence leaders have put a spotlight on some less obvious beneficiaries of the technology boom.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds UpHarris Just Showed Why Trump Is So Afraid of HerUS Accuses Famed Short-Seller Andr
BANGKOK (AP) — Shares were mostly higher in Asia on Friday, with major markets apart from Shanghai and Taiwan logging modest gains.
P.E.I.'s wild blueberry growers are still feeling the blues over the low prices for their harvest in 2023, and are now turning to new markets in hopes of providing more stability in the industry. Benny Nabuurs has a 400-acre wild blueberry farm in Cardigan, in eastern P.E.I., and has been in the business for 35 years. He said the volatility of prices has some producers thinking about getting out of the wild blueberry game. "In the last four years, we've seen record high prices, and they've slowl
Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500-million to settle a class-action lawsuit regarding their involvement in an alleged bread price-fixing scheme. The class-action case was brought against a group of companies that includes Loblaw and the Weston companies, Metro, Walmart Canada, Giant Tiger and Sobeys owner Empire Co. Ltd. This comes as Loblaw reported its second-quarter profit decreased compared with a year ago amid a month-long national boycott of the company. Anne Gaviola has more on the class action case and whether or not the May boycott made a significant dent in the grocery giant’s bottom line.
Over the past year, the Indian stock market has shown robust growth with a 43% increase, despite a recent 2.0% drop over the last seven days. In this context of anticipated earnings growth of 16% annually, dividend stocks can be particularly appealing for investors seeking both stability and potential income in a dynamic market environment.
A tech employee told BI why they're quiet quitting at work, and how they secretly spent a month in Italy without telling their company.
NEW ORLEANS (AP) — A New Orleans woman once accused of stalking by Mayor LaToya Cantrell turned the tables Friday with a $1 million-plus federal lawsuit accusing Cantrell, her chief of staff and eight members of the city police department of civil rights violations and defamation.
