Ford Motor had warned that an $11 billion restructuring would translate into white-collar job cuts, and after a trickle of “separations” since last fall, the spigot opened this week. The company confirmed that 500 salaried U.S. white-collar workers were notified …
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ATLANTA (Reuters) – In discussing the best way to manage the U.S. central bank’s 2 percent inflation goal, Federal Reserve officials are considering strategies that may see them tolerate much higher price increases in some years to offset the weaker ones.
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General Motors unveiled a new electronic platform for its vehicles on Monday that’s designed to handle the heavy data loads that will become increasingly necessary as cars get smarter and more autonomous. This new “digital nerve system” will enable …
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Mallinckrodt Plc crashed to an all-time low after the drugmaker filed a lawsuit against the U.S. government over a regulatory move that would change Medicaid rebates for its best-selling Acthar Gel. Mallinckrodt is looking to reverse a decision that it says would …
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Dressbarn parent Ascena Retail Group said Monday it would put the troubled brand out of business, with plans to shutter its roughly 650 stores — but it’s by far the only casualty this year. Brands including Charlotte Russe and Payless ShoeSource have also …
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