Kraft Heinz says it is recalling 83,800 cases of individually wrapped Kraft Singles American processed cheese slices because of a manufacturing problem that could cause plastic film to stick to the cheese, creating a choking hazard. The company said Tuesday that it started the recall after it received complaints from consumers. Kraft Heinz said six […]
The Federal Reserve left the main U.S. interest rate unchanged Wednesday, waiting to see if its historic series of rate hikes over the last 18 months gets inflation under control. The central bank kept its main policy rate in the range of 5.25% to 5.50%, citing an easing of economic conditions while also acknowledging that […]
General Motors said Wednesday it idled a manufacturing plant in Kansas, and laid off almost all of the approximately 2,000 people working there. The automaker said in its announcement that there is no work available for most of the people at the Fairfax assembly plant because workers at another GM facility went on strike last […]
Olive oil prices spiked to fresh records as severe droughts in major producing countries crimp supplies — and drive up thefts in cooking oil. Global prices for olive oil surged to $8,900 per ton in September, driven by “extremely dry weather” in the Mediterranean, according to a recent report by the United States Department of Agriculture. Already, […]
Shoppers are seeing shortages of some familiar household products, from cleaners like Clorox and Tilex to Burt’s Bees balms and Glad trash bags, as The Clorox Company tries to recover from a cyberattack it disclosed in August. The company reported on Monday that, because of the damage the cyberattack caused to its internal systems, it […]
DETROIT — The most recent contract proposal by automaker Stellantis to the United Auto Workers union could lead to the closure of 18 U.S. facilities, but it could also bring new investments and repurpose an idled vehicle assembly plant in Illinois, sources familiar with the discussions told CNBC. The plans would likely affect thousands of UAW members, […]
Clorox on Monday warned of a material financial hit from ongoing production disruptions caused by a cyberattack last month. The company, which produces its namesake bleach products and Pine-Sol, among other household items, also said it doesn’t have an estimate for when it will be able to resume full operations. The cybersecurity breach will impact fiscal […]
In a move that stunned investors and employees alike, Planet Fitness ousted company veteran Chris Rondeau from his post as CEO, the workout chain said Friday in a press release. The stock dropped 15% in the wake of the announcement, hitting a 52-week low. Planet Fitness said it is searching for its next chief both internally and externally. […]
Striking autoworkers want to be paid more. They also want to be paid more equally. One of the top goals of the United Auto Workers, which began striking at three plants early Friday, is to eliminate “tiered” compensation at the Big Three U.S. carmakers — General Motors, Ford and Chrysler-maker Stellantis. The union says the […]
Many of the core issues in the labor dispute between the United Auto Workers and the Big Three U.S. automakers are familiar: salary increases, sick days and pay grades. While much of the attention has gone to those key issues, a major undercurrent of the dispute is the transition to electric vehicles and away from […]