UAW strike strategy aimed at profitable vehicles, minimum impact on union funds
The UAW’s initial list of demands was projected to cost each of the companies $80 billion over four years, according to people familiar with the companies’ estimates.
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Party City cleared to exit bankruptcy, avoiding fate of retail peers
As part of the Chapter 11 process, the retailer—which has a half-dozen area stores—closed more than 60 stores across the country, but was able to keep the vast majority of its more than 700 stores open.
U.S. pump prices reach highest seasonal level in more than a decade
Fuel markets have been squeezed, with U.S. national stockpiles staying largely below seasonal norms since around mid-July.
Makers of billion-dollar drugs set to face their first U.S. price negotiations
Analysts expect Johnson & Johnson’s Xarelto blood thinner and Indianapolis-based Eli Lilly and Co.’s Jardiance for diabetes to be among the medications chosen.
OpenAI unveils ChatGPT for businesses, stepping up revenue push
The rollout of ChatGPT Enterprise is a move forward in OpenAI’s plans to make money from its ubiquitous chatbot.
3M agrees to pay more than $5.5B over combat earplugs made in Indianapolis
The settlement would avert a potentially much larger liability that 3M sought to curb through a controversial bankruptcy case involving Indianapolis-based Aearo Technologies that ultimately collapsed.
Auto union boss wants 46% raises, 32-hour workweeks in ‘war’ against Detroit carmakers
If it doesn’t have contracts with General Motors, Ford and Stellantis by the Sept. 14 deadline, the UAW could strike all three simultaneously—something it has never done.
More than one-third of office desks globally sit empty all week long
The findings illustrate the challenges faced by organizations as they assess office-space needs.
Almost half of Americans see automation replacing their jobs
Younger workers and Blacks and Hispanics consider themselves most exposed, while baby boomers and white Americans are less concerned, based on the survey.
S&P decision to ax ESG scores from bond ratings splits market
S&P recently updated its approach to incorporating environmental, social and governance considerations into credit ratings, ditching an alphanumerical scale it introduced in 2021 and instead going back to relying only on text descriptions.
Property loans are so unappealing that banks want to dump them
This year’s rise in borrowing costs has made commercial real estate one of the hardest-hit areas of the economy. Property sales, especially for office buildings, have slowed to a trickle, giving landlords and lenders few markers to determine the value of certain assets.
Lawsuits show emerging rift between employers, health insurers
After years of ever-inflating medical costs, American companies and union benefit plans have alleged in a series of lawsuits that the country’s biggest health insurers, including Indianapolis-based Elevance Health, are squandering their money.
Four-day weeks are good for employee health, study suggests
The abbreviated schedule boosted companies’ ability to hire and retain staff, with almost a third of employees who said they were seriously considering leaving now saying they’re less likely to do so.
Twitter’s rebranding into X predicted to kill billions of dollars in brand value
It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it.
AMC abandons plan to charge more for best cinema seats
The tiered-seating test, launched in February, suggested that, unlike concert tickets or sporting events, movie fans aren’t willing to pay up for the best view or take less desirable seats for less.
Apple tests ‘Apple GPT,’ develops generative AI tools
Though Apple has woven AI features into products for years, it’s now playing catch-up in the buzzy market for generative tools.
‘Work from anywhere’ jobs draw record demand as summer travel heats up
More job seekers are searching for work that allows them to take long-awaited trips without spending all their paid time off.
Share of U.S. office buildings in distress surpasses hotel, retail properties
U.S. offices face higher stress than other real estate sectors because of weak demand as remote work gains widespread acceptance.
Explainer: What’s at stake as UPS workers near strike date?
UPS handles roughly 28% of the 75 million packages delivered in the U.S. on a typical day, split about equally between businesses and homes.
Air-taxis seen zooming through U.S. skies by 2028 in FAA proposal
The FAA used lofty language in its implementation plan to describe how the devices will operate, calling it “a new era of aviation once only portrayed in movies or science fiction.”