01 Oct Jim Farley Becomes New Ford CEO, Pledges Stronger Profit Margins On his first day in Ford’s top job, CEO Jim Farley is replacing the company’s chief financial officer and announcing other structural and management changes. Read more...
01 Oct American, United to Lay Off 32,000 as Aid Talks Drag On American Airlines Group Inc. and United Airlines Holdings Inc. will start laying off thousands of employees as scheduled, spurning Treasury Secretary Steven Mnuchin’s appeal for a delay as he negotiates with Congress over an economic relief plan that includes payroll support for U.S. carriers. Read more...
01 Oct US Layoffs Remain Elevated as 837,000 Seek Jobless Aid The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer. Read more...
01 Oct Tech Investments Prove Vital During Pandemic, McLeod Says Trucking and logistics companies that have been investing in technology to improve their operations also have been well-positioned to handle the disruption caused by the ongoing coronavirus pandemic, McLeod Software’s CEO said. Read more...