Business News
Takata air bags recall Jan 18

BMW Recalls About 357K Vehicles for Takata Air Bag Inflators

BMW is recalling nearly 357,000 older vehicles in the U.S. to replace dangerous Takata front air bag inflators. The inflators are among 10 million sold to 14 automakers that Takata is recalling. It&#8...

  • holidays Dec 23, 2019

    Delivery Dilemma: Americans Ordering More, But US Can Only Handle So Much

    There’s only so many boxes that can be delivered in a day. Warehouse space is nearly full, with vacancy near an all-time low. Streets are crammed with delivery vans blocking traffic. City curbs are increasingly a turf war between delivery drivers and everyone else. Even grocery store aisles can feel crowded — at least, when staff for delivery...
  • Automakers Dec 23, 2019

    GM, Ford and Others Cut Thousands of Jobs and Closed Factories to Save Billions in 2019

    General Motors, Ford Motor and other automakers in the past year cut thousands of jobs and shuttered factories as industry vehicle sales slow and fears of an economic slowdown pick up. No one is forecasting an industry downturn comparable to when vehicle sales dropped below 11 million in the U.S. in 2009. However, domestic sales next year...
  • Luxury stores Dec 23, 2019

    Champagne and Shoes: Luxury Stores Adapt to Changing Shopper

    To get that monogram tote bag by Louis Vuitton or leather Flashtrek sneakers by Gucci, the go-to place had been luxury department stores. Not anymore. Now, there are far more options to access exclusive labels. You can buy them at online sites like Netaporter. Or get them barely used through sites like Fashionphile and The RealReal. You can even re...
  • store closures Dec 23, 2019

    Retailers Announced Record Store Closures in 2019: List

    2019 has been a record year for store closures in retail. In the U.S., retailers this year have announced plans to shut more than 9,300 locations. That’s up more than 50% from the total announced closures in 2018, which amounted to 5,844, Coresight said. Previously, the record was for the 8,069 store closures announced in 2017. Bankruptcies continu...
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