Latest Production facilities News
German auto supplier Bosch to cut 5,500 jobs in further sign of carmakers' woes
FRANKFURT, Germany (AP) — Germany's technology and services company Bosch said Friday it planned to reduce its automotive division workforce by as many as 5,500 jobs in the next several years in another sign of the headwinds hitting the German and global auto industries. The...
What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?
Comcast's corporate reorganization means that there will soon be two television networks with “NBC” in their name — CNBC and MSNBC — that will no longer have any corporate connection to NBC News. How that affects viewers of those networks, along with the people who work...
Comcast to spin off cable networks that were once the entertainment giant's star performers
WASHINGTON (AP) — Comcast is spinning off into a new company many of the cable television networks that were once at the entertainment giant's heart as consumers increasingly swap out their cable TV subscriptions for streaming platforms. Those one-time stars for Comcast's...
Campbell's shareholders approve the company's new, soupless name
NEW YORK (AP) — Campbell's is ditching the soup — at least in name. And the change has now received shareholders' greenlight. Campbell Soup Co. announced its intention to change its name just over two months ago, saying it wanted to instead be known as the (slightly shorter)...
The Poarch Band of Creek Indians is buying a racecourse in Alabama
BIRMINGHAM, Ala. (AP) — The Poarch Band of Creek Indians, which operates casinos in multiple states, has reached an agreement to purchase the Birmingham Racecourse. The McGregor family, which owns both the Birmingham Racecourse and VictoryLand, a former dog racing track in Macon...
New FDA rules for TV drug ads: Simpler language and no distractions
WASHINGTON (AP) — Those ever-present TV drug ads showing patients hiking, biking or enjoying a day at the beach could soon have a different look: New rules require drugmakers to be clearer and more direct when explaining their medications' risks and side effects. The U.S. Food and...
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
NEW YORK (AP) — Fashion company Tapestry on Thursday said it's terminating its proposed merger with Capri because the two luxury groups don't expect to overcome an antitrust challenge within an acceptable time frame. The companies agreed to a $8.5 billion deal in August 2023 that...
Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion
NEW YORK (AP) — European food delivery giant Just Eat Takeaway.com is selling Grubhub for $650 million, a fraction of the billions it spent to buy the U.S. platform just three years ago. Wonder Group, a New York-based food ordering company that touts “fast fine” dining, is set...
Kraft Heinz stops serving school-designed Lunchables because of low demand
Food and beverage manufacturer Kraft Heinz said Tuesday that it no longer is serving the Lunchables meals it created for U.S. schools. The company introduced the two packaged meals — one starring pizza and the other a turkey, cheddar cheese and cracker plate — at the beginning...
Chinese e-commerce firms report growth in sales, shoppers for Singles' Day shopping festival
HONG KONG (AP) — China’s e-commerce firms reported an increase in the number of shoppers and a growth in sales for this year’s Singles’ Day shopping festival, although final figures were not publicly revealed. Alibaba, which operates the Taobao and Tmall e-commerce platforms,...
