The makers of Toblerone are stripping images of Switzerland’s famed Matterhorn and the Swiss flag from the packaging of the milk-chocolate treat as it moves some production to Slovakia
Category: Business News
South Carolina Offers $1.3B to New Scout Electric SUV Maker
South Carolina’s governor says he is going to ask lawmakers to approve nearly $1.3 billion to bring to the state a new electric vehicle plant
Made in the USA? Proposed Rule Clarifies Grocery Meat Labels
Federal agriculture officials are proposing a new rule that would clarify the meaning of meat labels that say foods are “Made in the USA.”
In ‘Junk Fee’ Fight, US Details Airline Family Seating Rules
The government is rolling out a new “dashboard” that lets travelers see which which airlines let families with young children sit together on flights at no extra cost
Kansas Plan Keeping Low Wages for Disabled Angers Advocates
Kansas legislators are considering a proposal that many disability rights advocates say could help employers who pay disabled workers less than the minimum wage, bucking a national trend
Altria Invests $2.75B in Rival Startup NJOY After Juul Exit
Days after exiting its stake in troubled electronic cigarette maker Juul Labs, Altria announced a $2.75 billion investment in electronic cigarette startup NJOY Holdings Inc. As part of the deal, tobacco company Altria Group Inc., which makes Marlboro cigarettes, will have full global ownership of NJOY’s e-vapor product portfolio, including pod-based e-vapor product NJOY ACE
Ford to Raise Production as US Auto Sales Start to Recover
Ford says it will increase production of six models through the year as the company and the auto industry start to rebound from sluggish U.S. sales in 2022
Boeing CEO Loses $7M Bonus, Keeps $22.5 Million Compensation
Boeing’s CEO is missing out on a $7 million bonus because the company’s new large jet is behind schedule
BetterHelp Shared Users’ Sensitive Health Data, FTC Says
The online counseling service BetterHelp has agreed to return $7.8 million to customers to settle with the Federal Trade Commission for sharing with companies including Facebook and Snapchat health data it had promised to keep private
Amazon Pauses Construction on 2nd Headquarters in Virginia
Amazon is pausing construction of its second headquarters in Virginia following the biggest round of layoffs in the company’s history and the its shifting plans around remote work
Tesla Says It Will Cut Costs of Next Generation Cars in Half
Tesla says it will cut the cost of its next generation of vehicles in half, largely by using innovative manufacturing techniques and smaller factories
‘Enough Pollution’ in Low-Income NJ Area With 1 Power Plant
Residents of low-income New Jersey communities that would get a second gas-fired power plant are urging the governor to stop the project