Lyft and Uber are threatening to pull out of the California market if they are forced to comply with a judge’s order to reclassify their drivers as employees. Lyft made the ultimatum Wednesday during its second quarter earnings call, in which it also noted its …
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The German automaker Daimler said Thursday that it had agreed to pay $2.2 billion to settle accusations that Mercedes-Benz cars and vans sold in the United States were programmed to cheat on emissions tests. The sum, which covers federal fines and a …
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Tapestry’s gross margins grew to 69.8% during the fiscal fourth quarter, up from 66% a year ago. Management said sales online are carrying higher margins than sales in stores. Analysts and investors will be looking to see if the trend can hold, especially …
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Alabama is providing at least $29 million in incentives to support a steel mill expansion in south Alabama and likely far more: The Alabama Department of Commerce, which trumpeted the project’s job and investment numbers on Wednesday, says it won’t be …
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Houston-based WCA Waste Corp. is being sold to a company based in Vaughan, Ontario, Canada, which is also acquiring some assets from Houston-based Waste Management Inc. (NYSE: WM). GFL Environmental Inc. (NYSE: GFL) said it would pay more …
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