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Spokesman Review 08/13/2020 16:16
BERLIN — Daimler AG, the maker of Mercedes-Benz cars, says it has reached an agreement in principle to settle U.S. claims over emissions from its diesel vehicles for over $2.2 billion. The Stuttgart, Germany-based automaker said late Thursday that the agreement with various U.S. authorities concerns civil and environmental claims involving about 250,000 diesel cars and vans. The company said the civil cases related to a a consumer class action lawsuit pending before the U.S. District Court for the District of New Jersey. Daimler AG said in a statement that the settlement will result in costs of about $1.5 billion, while the civil suit will incur a one-off charge of about $700 million.
Spokesman Review 08/13/2020 13:02
WASHINGTON — The number of laid-off workers applying for unemployment aid fell below 1 million last week for the first time since the viral pandemic intensified five months ago, yet still remains at a high level. The latest figures show that the pandemic keeps forcing layoffs just as the expiration of a $600-a-week federal jobless benefit has deepened the hardships for many — and posed a renewed threat to the U.S. economy. The level of weekly applications declined to 963,000 , the second straight drop, from 1.2 million the previous week, the government said Thursday.
Spokesman Review 08/12/2020 18:35
SEATTLE — Outdoor retailer REI said it is walking away from its nearly completed corporate campus in suburban Seattle and will shift headquarters operations to sites across the Seattle area as the coronavirus pandemic affects how it does business. The Kent, Washington-based company said it is in talks with “multiple interested parties” to sell the 380,000-square-foot building and 8-acre campus in Bellevue, the Seattle Times reported . “The dramatic events of 2020 have challenged us to reexamine and rethink every aspect of our business and many of the assumptions of the past,” Eric Artz, president and CEO, told employees in a Wednesday video call. REI’s 1,200 headquarters employees have been working remotely since March 2 as the company navi.
Spokesman Review 08/12/2020 15:01
WASHINGTON — U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Labor Department reported Wednesday that the increase last month in its consumer price index matched a 0.6% rise in June. The uptick was about twice what economists expected. But inflation remains in check: Consumer prices are up just 1% over the past year. Gasoline prices rose 5.3% from June to July but are down 20.3% in the past 12 months as the coronavirus recession kept many Americans from driving. Food prices dipped 0.4%, the first drop since April 2019. Grocery prices dropped 1.1% while the cost of dining out rose 0.5%. Excluding volatile food and energy prices, prices surged 0.6% last month from June – the biggest monthly increase since Ja.
Spokesman Review 08/12/2020 14:49
DETROIT — Ford is warning that a number of 2020 F-150 pickups could catch fire because of a battery connection issue. At the same time, the company announced a recall of more than half a million Edges with potential brake problems. The company said it’s recalling 431 F-150s in the United States. The recall, one of three announced by Ford Wednesday, affects only trucks built from June 30-July 1 at the Kansas City Assembly Plant, and Ford said it is not aware of any fires, crashes or injuries related to any of the recall issues. The trucks “may have been built with an improper attachment nut used to fasten the positive battery cable (B+) to the starter motor. An improper attachment nut may not provide a secure connection to the starter or the.
Spokesman Review 08/12/2020 14:47
ALBUQUERQUE, N.M. — The Albuquerque Journal and the Santa Fe New Mexican newspapers are partnering to print both publications at the The New Mexican’s production facility in Santa Fe in a cost-cutting move. The state’s two largest newspapers made the announcement Tuesday, saying discussions about consolidation have been ongoing for years as more media corporations combine printing operations to reduce costs. Officials with the family-owned newspapers said in a statement that the change will not affect the size or content of either newspaper and that subscribers and advertisers should not be impacted. The two newsrooms will remain separate and maintain independent operations, but the change will result in as many as 70 layoffs at the Journal.
Spokesman Review 08/11/2020 20:38
WASHINGTON — U.S. wholesale prices shot up an unexpected 0.6% in July, biggest gain since October 2018, as energy prices moved sharply higher. The Labor Department said Tuesday that the jump last month in its producer price index — which measures inflation before it reaches consumers — followed a 0.2% drop in June and a 0.4% uptick in May.
Spokesman Review 08/11/2020 20:38
Facebook Inc. removed 22.5 million posts for violating the company’s policies around hate speech in the second quarter, more than double the number removed during the first three months of the year. The company also said it removed about 95% of hate speech violations using automated software systems before a user ever reports them, according to a report released Tuesday.
Spokesman Review 08/11/2020 20:38
Associated Press. WASHINGTON – The Pentagon plans to free up a big chunk of its military airwaves in the U.S. for high-speed internet service, part of a broader push to get ahead of China in the deployment of 5G wireless technology. The Trump administration announced Monday it has identified radio spectrum used for radar defense systems that can be shared with commercial telecommunications providers without compromising national security. 5G is a new technical standard for the "fifth generation" of wireless networks that promises faster speeds; less lag, or "latency," when connecting to the network; and the ability to connect many devices to the internet without bogging it down.
Spokesman Review 08/11/2020 20:38
CANTON, Mass. — As if 2020 wasn’t weird enough, Dunkin’ is getting into the cereal game. The Massachusetts-based coffee and donuts empire is releasing two new breakfast cereals based on two of its most popular coffee drinks: Caramel Macchiato and Mocha Latte. The team-up with Post Consumer Brands, the makers of Honey Bunches of Oats, Shredded Wheat, Raisin Bran and other familiar cereals, is expected to hit grocery shelves later this month. The companies say Dunkin’ coffee concentrate is added to the cereal, which consists of little crunchy spheres mixed with flavored marshmallow bits.
Spokesman Review 08/11/2020 20:38
U.S. stock indexes closed mostly higher Monday, nudging the S&P 500 within striking distance of its all-time high set in February. The S&P 500 rose 0.3% after wavering between small gains and losses in the early going. The benchmark index is now within 1% of its last record high. The gains came on the first trading day since President Donald Trump announced several stopgap moves to aid the economy in response to the collapse of talks on Capitol Hill for a bigger rescue package. Trump signed executive orders over the weekend to extend an expired benefit for unemployed workers, among other things. The orders were more limited than what investors hoped to see from a full rescue bill for the economy, but hopes remain that the White House and Co.
Spokesman Review 08/11/2020 20:38
Associated Press. SACRAMENTO, Calif. – A judge on Monday ordered ride-hailing giants Uber and Lyft to treat their California drivers as employees instead of independent contractors, a shift that would guarantee benefits like overtime, sick leave and expense reimbursement for workers who make up much of the freewheeling gig economy. But the ruling from San Francisco Superior Court Judge Ethan P. Schulman won’t take effect right away as both Uber and Lyft said Monday they will immediately appeal to a higher court, which could put the ruling on hold as the case continues. Still, advocates praised the ruling as a milestone in their fight to apply traditional worker protections to a fast-growing segment of the labor force.
Spokesman Review 08/11/2020 20:38
SEATTLE – Boeing won no new airplanes orders in July while delivering just four commercial jets and wiping another 52 orders from the backlog for its grounded 737 Max. When the manufacturer on Tuesday updated its orders and deliveries website, it revealed a continuation of the collapse of business since the coronavirus pandemic hit airlines in March. With international air networks all but paralyzed and domestic routes at a fraction of normal passenger traffic despite a slight recovery, many Boeing airline customers have deferred existing deliveries into the future and avoided new orders. Boeing’s four commercial airplane deliveries in July were all out of its Everett widebody jet plant: a 767 freighter for FedEx, a 777 freighter for DHL, a.
Spokesman Review 08/11/2020 20:32
Wall Street pumped the brakes on its recent rally Tuesday, as a late slide in big technology companies left stocks broadly lower, erasing an early gain. The reversal left the S&P 500 with a 0.8% loss after having been up 0.6% earlier. The decline in big-name technology stocks like Apple and Microsoft, plus losses in health care and communications stocks, outweighed gains in financial, industrial and energy companies. Tech stocks have far outpaced the rest of the market this year as investors bet they could still thrive in a stay-at-home economy. The pullback ended the S&P 500’s seven-day winning streak. Despite the sell-off, the benchmark index remains within 2% of the all-time high it reached in February, reflecting a stunning turnaround f.
Spokesman Review 08/11/2020 19:09
DETROIT — Allegations by General Motors that Fiat Chrysler Automobiles bribed union officials are "preposterous" and read like a script from a "third-rate spy movie," FCA lawyers wrote in court documents filed Monday. GM, in a motion last week, alleged that Fiat Chrysler used foreign bank accounts to bribe union officials so they would stick GM with higher labor costs. But in a response, the Italian-American automaker fired back, calling GM’s claims "defamatory and baseless.".
Spokesman Review 08/11/2020 18:46
A small internet service provider near Sandpoint has been caught in the middle of delayed information, a rush to provide federal funds and a process that could lead to government officials using taxpayer dollars that would give an advantage to the provider’s competition. Ryan Green is the president of Kaniksu Networks, a small internet provider that has about 450 customers in the area east of Sandpoint, including Hope and Clark Fork. "We got started because there was a huge gap in internet speeds from the current providers," Green said.
Spokesman Review 08/10/2020 13:41
DALLAS — With air traffic nearing a five-month high, airport security is finding guns in passenger carry-on bags at three times the rate recorded before the pandemic. And 80% of the guns are loaded. The discoveries at airports comes at a time when U.S. gun sales are surging, and analysts believe many of those purchases are being made by first-time buyers. Officers found 15.3 guns for every million people screened in July, compared with 5.1 per million people in July of last year, the Transportation Security Administration said Monday. There has been a significant increase in loaded guns at checkpoints, said TSA Administrator David Pekoske.

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