U.S. manufacturing index ticks up, but remains in contraction territory
Twelve of 18 manufacturing industries contracted in October, led by primary metals, clothing and textile mills.
Associated Press
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Retailers seek to stretch shortened holiday shopping season
Faced with the shortest holiday shopping season since 2013, retailers are trying to figure out ways to get into the minds of shoppers sooner.
U.S. posts better-than-expected October jobs numbers despite GM strike
U.S. employers added a solid 128,000 jobs in October, a figure that was held down by a now-settled strike against General Motors that caused several thousand workers to be temporarily counted as unemployed.
High-ranking United Auto Workers officer faces embezzlement charges
A high-ranking United Auto Workers official is facing felony charges of embezzlement and fraud, and prosecutors say that several top union officials conspired to steal more than $1.5 million from the union. The Detroit News said one of the unnamed union leaders is union President Gary Jones.
Fiat Chrysler-PSA deal likely to mean fewer brands, models
CEO Carlos Tavares, who used to run Nissan in the Americas and knows the U.S. market well, will not shy away from trimming unprofitable models and brands.
House approves rules for Trump impeachment process
Thursday’s near party-line 232-196 roll call was the chamber’s first formal vote on a process that’s likely to take months, possibly stretching into the early weeks of the 2020 election year.
Fiat Chrysler, Peugeot to create world’s fourth-biggest carmaker
The deal is expected to give the merged firm enough scale to confront big shifts in the auto industry, including the race to develop electric cars and driverless technologies. And with 2,640 dealers across the U.S., Fiat Chrysler would have a ready distribution network for Peugeot’s lines of city-friendly cars, family sedans and SUVs.
Democrats laud Twitter for political advertising ban
President Donald Trump’s reelection campaign decried the move as an attempt to muzzle conservatives on social media.
McLaren confirms Hinchcliffe out of its 2020 IndyCar lineup
Arrow McLaren SP officially named Indy Lights champions Pato O’Ward and Oliver Askew as its drivers for 2020 on Wednesday, leaving popular IndyCar veteran James Hinchcliffe without a ride.
Ford, auto workers union reach tentative contract agreement
The agreement likely will mirror the pact approved last week by General Motors workers after a 40-day strike.
U.S. students’ performance lags on Nation’s Report Card
Education Secretary Betsy DeVos said the overall national results demonstrated a “student achievement crisis” that can’t be fixed by pouring more money into the traditional public school system.
Former Juul exec alleges company shipped tainted products
The lawsuit describes a “reckless” and “win-at-all costs” culture at Juul, primarily driven by the company’s former CEO, Kevin Burns, who was replaced in a management shake-up last month.
Fed cuts rates for third time this year but signals pause
A statement the Fed released after its latest policy meeting removed a key phrase that it has used since June to indicate a future rate cut is likely.
Fiat Chrysler eyes Peugeot merger, seeking strength in size
A merger would create the fourth-largest automaker, with a combined market value of around $50 billion, and the potential for big savings in Europe.
U.S. economy slowed to better-than-expected 1.9 percent in third quarter
Economists had been forecasting a much bigger slowdown with fears that gross domestic product could slump to 1.4% or less given a number of headwinds.
Federal Reserve expected to cut rates but may offer little guidance
The Fed’s policymakers will likely frustrate anyone who is hoping for a clear signal about what they may do next. The central bank may prefer instead to keep its options open, economists say.
UPDATE: NCAA board clears way for athlete compensation for image, likeness
The board asked each of the NCAA’s three divisions to create the necessary new rules beginning immediately and have them in place no later than January 2021.
U.S. finalizing rule to allow farmers to legally grow hemp
It’s a move that many states have awaited so they can begin widespread hemp production.
Despite Supreme Court ruling, seized Land Rover not returned
An Indiana man who had his $40,000 Land Rover seized after a small-time drug deal isn’t getting it back yet, even though the U.S. Supreme Court sided with him for a key ruling on excessive criminal fines earlier this year.
Hinchcliffe to be replaced at new McLaren team, sources say
The late timing of the McLaren decision puts popular IndyCar driver James Hinchcliffe in a difficult position for finding a consistently competitive ride.