Ford will keep several of its plants running through the summer in hopes of offsetting production delays caused by the global computer chip shortage. The move follows an announcement from the automaker about a new round of temporary factory closures starting next week. Most major automakers, including Ford, typically shut down production for several weeks…… MORE
Lee Delaney, CEO of BJ’s Wholesale Club, died unexpectedly on Thursday. He was 49. The warehouse chain shared the news in a release on Friday, noting that Delaney passed of “presumed natural causes.” “We are shocked and profoundly saddened by the passing of Lee Delaney,” said Christopher J. Baldwin, executive chairman of BJ’s board of…… MORE
With many people still working from home, every day is casual Friday. That’s great news for jeans maker Levi Strauss. The iconic denim company reported earnings and sales after the closing bell Thursday that topped Wall Street’s forecasts. Shares of Levi Strauss, which went public in 2019, rose more than 3% Friday to hit a…… MORE
Worries about sudden inflation spikes are keeping investors and economists up at night. Their concerns aren’t baseless: Inflation is indeed rising in the United States, government data for producer prices showed Friday. The question on everyone’s mind remains: Is inflation a temporary sugar rush from stimulus or is it here to stay? The US Producer…… MORE
The company that sold customized Nike Air Max 97s — featuring satanic symbols and a red liquid in the sole that supposedly contains human blood — will buy back customers’ shoes for a full refund. Nike settled a lawsuit with MSCHF, the Brooklyn-based art and design studio behind the Lil Nas X branded “Satan” shoe…… MORE
The price of General Motors cars is going up, and ketchup packets have become impossible to find. What’s happening: At first glance, these two trends may not have much in common. But they share a root cause: Thanks to the pandemic, global supply chains have broken down, triggering shortages of in-demand products and crucial manufacturing…… MORE
Boeing announced a new problem with the troubled 737 Max — this time, the issue is with its electrical system. “Boeing has recommended to 16 customers that they address a potential electrical issue in a specific group of 737 Max airplanes prior to further operations,” the company said. Airlines need to verify that one of…… MORE
In another sign that air travel is rebounding, Southwest told 3,000 flight attendants and pilots on leave it’ll need them back on the job by this summer. Southwest was able to avoid involuntary layoffs and furloughs that other airlines imposed during last year’s downturn. It accomplished that after 4,000 of its 61,000 employees took buyouts…… MORE
Airlines have panned the UK government’s plan to restart foreign travel, arguing that expensive mandatory coronavirus tests will make vacations and family visits unaffordable for everyone but the rich. Under the “traffic signal” framework unveiled by the government on Friday, even Brits who travel to “green” countries deemed to be low risk must take a…… MORE
Sean “Diddy” Combs is accusing General Motors of name-dropping his network to score points with Black America. The 51-year-old Bad Boy Records founder called out GM on Thursday for using its business relationship with the Revolt Media and TV cable network he founded in 2013 as a shield against racism accusations made by the leaders…… MORE
