Business & Economy
Associated Press/Photo by Elaine Thompson

One-fifth of Macy’s stores to shutter

by Kent Covington
Posted 2/06/20, 11:18 am

Macy’s announced it is closing 125 stores and cutting 2,000 corporate jobs. The department store chain also is closing its offices in Cincinnati and San Francisco, leaving New York City as its sole corporate headquarters. The company didn’t say how many store employees will lose their jobs, but it currently employs about 130,000 people.

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Associated Press/Photo by Alan Diaz (file)

Mucho dinero coming to some fast-food managers

by Lynde Langdon
Posted 1/10/20, 10:45 am

Taco Bell announced Thursday it would pay some of its store managers six figures starting later this year. The fast-food chain has had seven consecutive years of sales growth at its restaurants, and it has big plans for the future.

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Associated Press/Photo by Ted S. Warren (file)

Training could delay return of 737 Max

by Lynde Langdon
Posted 1/08/20, 10:10 am

Boeing’s safety problems—and related costs—keep piling up as it tries to return the 737 Max jet to service. On Tuesday, the company recommended that pilots go through simulator training before flying the updated aircraft again. The day before, Boeing announced it discovered a wiring problem in the Max that could cause a short circuit.

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