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Taylor Farms recall expands as company pulls jalapeños from Trader Joe's, Target, among others

Business / Business News /

Taylor Farms has become the latest distributor to recall food products that contain jalapeños that are potentially contaminated with salmonella and linked to a larger multi-state bacterial outbreak that includes California.

The ready-to-use food products that Taylor Farms recalled over the weekend had been sold at Trader Joe’s, Walmart and ...Read more

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Chicago Mayor Brandon Johnson names new chief financial officer

Business / Business News /

CHICAGO — Mayor Brandon Johnson appointed a new chief financial officer Monday, filling one of two vacancies on his fiscal team heading into his fourth budget cycle this fall.

Ashlee Gabrysch, most recently a senior director at Fitch Ratings, was named to the post after former CFO Jill Jaworski stepped down at the beginning of the year. ...Read more

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'Guac signal' sparked Chipotle's frantic bid to recall jalapeños

Business / Business News /

The moment Chipotle Mexican Grill Inc. figured out it was the jalapeños, its automated recall system began calling restaurants, again and again and again.

With diners falling ill with salmonella across the country, Chipotle kept at it, flooding its stores with alerts until someone responded and confirmed the tainted peppers had been destroyed....Read more

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Boeing delivers 53 airplanes in July, a drop from previous 2 months

Business / Business News /

Boeing delivered 53 airplanes in July, a drop from May and June totals, when it delivered 60 and 64 airplanes, respectively.

Boeing's 737 Max deliveries also decreased to 39 in July, from 42 in June and 51 in May.

The higher delivery rate in May reflects the effect of a wiring problem that temporarily slowed some Max production earlier this ...Read more

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US sees Iran War oil supply disruptions lasting through 2027

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The U.S. now expects oil supply disruptions stemming from the U.S.-Iran war to reach about 600,000 barrels per day through the end of next year as the conflict continues to crimp shipments via the critical Strait of Hormuz.

Oil transported through the waterway averaged 4.9 million barrels per day in the second quarter of this year, according ...Read more

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Uber exits Serve Robotics stake as delivery alliance unravels

Business / Business News /

Uber Technologies Inc. has divested from long-time partner Serve Robotics Inc. as the two companies clash over how to deploy delivery robots, the latest setback in Uber’s push to facilitate autonomous services on its platform.

Serve, which makes the doe-eyed, four-wheeled boxy robots roaming the sidewalks in cities like Los Angeles, Miami and...Read more

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South Korean shipyard conglomerate Hanwha is shifting its investment focus to the South and West

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A unit of the Hanwha Group, which paid $100 million for Hanwha Philly Shipyard in 2024, has offered to pay more than $1 billion for an Australian company’s shipyard in Mobile, Ala., the company’s nearby nuclear submarine fabrication sites, and a San Diego ship repair facility.

Hanwha has four weeks to review the facilities and meet with the...Read more

US opens in-depth antitrust review of Kone-TK elevator deal

Business / Business News /

The U.S. Justice Department is investigating Kone Oyj’s €29.4 billion ($34.4 billion) purchase of rival TK Elevator, putting pressure on a deal that would create the largest elevator manufacturer in the world.

The DOJ’s antitrust division launched an in-depth review of the merger to determine whether the deal would harm competition in the...Read more

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US Steel could have prevented 2025 Clairton Coke Works explosion, federal investigators say

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On the eve of the one-year anniversary of a deadly explosion at U.S. Steel Clairton Coke Works, federal investigators released a long and sharply worded report, accusing U.S. Steel and its contractor of not just ignoring procedures to ensure safety but not even having them.

The U.S. Chemical Safety and Hazard Investigation Board, a federal ...Read more

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Thomas Black: Boeing's Archer Deal Should Be a Model to Shed Space Assets

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The outlook for Boeing Co. to earn copious cash flow is bright. It just turned free-cash-flow positive in the second quarter after years of losses, and the company already has its sights on cash earnings of $10 billion a year. This is driven almost entirely by a rebound of commercial aircraft production.

In two years as Boeing’s chief ...Read more

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The Mom-cession Is Black

Business / Business News /

Black mothers with young children are leaving the workforce at an alarming pace.

Labor force participation among Black mothers aged 25-54 with children under 5 has fallen 11.5 percentage points in just three months, dropping to its lowest level in over 30 years, according to an analysis of Bureau of Labor Statistics data by Lauren Bauer, an ...Read more

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Boeing is selling flying taxi venture Wisk, WA-based Insitu to Archer

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Boeing is selling three subsidiaries to Archer Aviation, a California-based company working on so-called flying taxis, drones and artificial intelligence, according to a joint news release from both companies Monday.

The aerospace giant is selling Wisk, its autonomous flying taxi subsidiary based in California, as well as Washington-based ...Read more

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Archer Aviation to acquire Boeing's automated air taxi effort

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The California air taxi startup Archer Aviation is set to acquire Boeing's Wisk Aero in an agreement that would allow the companies to collaborate and share technology.

Boeing launched Wisk in 2019 with the intent to build fully autonomous air taxis for short trips. Archer got its start one year earlier, aiming to bring piloted air taxis to the...Read more

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SEC exempts data-center bonds from key securitization rules

Business / Business News /

The Securities and Exchange Commission has made it easier for data center owners to sell asset-backed securities, potentially opening the door for more debt sales as tech firms scour Wall Street for ways to pay for artificial intelligence.

The SEC said a major subset of data-center securitizations don’t need to have disclosures and investor ...Read more

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Meta releases scaled-down AI model consumers can use at home

Business / Business News /

Meta Platforms Inc. introduced a new, downloadable AI model that can run on a personal computer, adding fuel to a U.S. debate over whether the increasingly powerful technology should be freely available or kept under tighter control.

Users be will be able to download and customize the new Muse Glimmer, a distilled version of the company’s ...Read more

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Millions sign up for Trump Accounts, but are they wise investment?

Business / Business News /

Karla Perez and her husband are supporters of President Donald Trump, so when they learned this summer about new investment accounts his administration designed for children, they quickly signed up their one-year-old son.

“What we hope is that when he’s 18 and he can access it, that he has money to set up his future, whatever he wants to do...Read more

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Three ex-UAW presidents criticize Fain, endorse challengers in election

Business / Business News /

Former United Auto Workers presidents Ray Curry, Rory Gamble and Ron Gettelfinger on Monday publicly threw their support behind several candidates challenging current President Shawn Fain and his leadership slate in the Detroit union's upcoming election.

The three former presidents issued a statement endorsing Tricia Geiger for president, ...Read more

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How the Haiti TPS crisis has hit South Florida hotels and an airport

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Travelers at Fort Lauderdale-Hollywood International Airport may not have known his name, but they relied on his work. Few things at airports irritate customers like filthy toilets or water on the restroom floor.

His work could be tough and thankless, but he always showed up and gave 100%.

For over 19 years, this 70-year-old, native of Port-au...Read more

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Tensions flare as $34 billion Charter-Cox cable deal nears finish line

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LOS ANGELES — Spectrum owner Charter Communications is nearing the finish line in its long-awaited $34.5 billion purchase of Cox Communications to form the nation's largest internet and cable television company.

California's Public Utilities Commission is scheduled to vote next week to approve the merger that would bolster Southern California...Read more

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Bally's Chicago pauses construction on hotel, other amenities over video gambling dispute with city

Business / Business News /

Raising the stakes on the standoff with the city over the advent of video gambling terminals, Bally’s Chicago is pausing construction on nearly all non-gaming amenities at its $1.7 billion casino complex going up in River West.

The reset notice, issued Saturday to the Chicago Community Builders Collective, a general contracting partnership ...Read more