04 Nov Ford’s October Sales Fall as F-150 Factory Retooling Takes Toll Ford Motor Co.’s U.S. sales fell 6.1% in October, dragged down in part by a factory overhaul to produce the redesigned version of its top-selling F-150 pickup. Read more...
04 Nov Services Sector Expands for Fifth Straight Month SILVER SPRING, Md. — The U.S. services sector, where most Americans work, registered its fifth consecutive month of expansion in October. Read more...
04 Nov Fugitive Carlos Ghosn Aims to Settle Scores in Book Executive-turned-international fugitive Carlos Ghosn is gunning for revenge in a new book published this week about the events surrounding his arrest in Tokyo two years ago, 130-day Japanese imprisonment and dramatic escape to Lebanon. Read more...
04 Nov US Companies Add Fewer Jobs Than Forecast, ADP Report Shows U.S. companies added fewer jobs in October than forecast, a private report showed, indicating the absence of additional fiscal stimulus is prompting some firms to adjust payrolls as the pandemic continues to wear on the recovery. Read more...
04 Nov Uber, Lyft Spend Big, Win in California Vote About Drivers LOS ANGELES — Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping drivers from becoming employees eligible for benefits and job protections. Read more...
04 Nov Trade Deficit Falls to $63.9 Billion in September The U.S. trade deficit fell in September after hitting a 14-year high in August as exports outpaced imports. Read more...
03 Nov Eaton Exceeds Own Expectations as Net Income, Revenue Fall Eaton Corp. reported lower net income and revenue in the third quarter, but called it a stronger than expected performance. Read more...
03 Nov OPEC President Says Saudis, Russia Push to Delay Supply Hike Algeria, which this year holds the OPEC presidency, said that both Saudi Arabia and Russia were pressing fellow members to prolong the current oil-supply cuts into next year, rather than tapering them as planned. Algeria supported the proposal, the first country to publicly do so. Read more...
03 Nov Expeditors Posts Rise in Profit, Revenue for Q3 Expeditors International of Washington posted third-quarter gains in profit and revenue as the logistics company capitalized on a rebounding economy. Read more...
03 Nov ArcBest Records Increase in Q3 Net Income, Revenue ArcBest Corp. posted gains in net income and revenue in the third quarter as its business rebounded from the economic impact of the coronavirus pandemic. Read more...