NEW YORK (AP) — Walmart CEO Doug McMillon, who turned the nation’s largest retailer into a tech-powered giant since taking over in 2014, will retire in January. John Furner, 51, a longtime insider and head of Walmart’s United States operations, will take over, the company said. Analyst were surprised by the retirement announcement from McMillon, [...]
Airlines say they are optimistic they can resume normal operations just a few days after the federal government lifts its order to cut some flights at 40 busy airports. Currently, it’s not clear how soon that will happen even though the federal government shutdown is done. The Federal Aviation Administration did announce last week that [...]
Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans starting next year. The IRS last week said the maximum contribution that an individual can make in 2026 to a 401(k), 403(b) and most 457 plans will be $24,500. That’s up from $23,500 this year. People aged 50 [...]
OMAHA, Neb. (AP) — Shareholders of Union Pacific and Norfolk Southern backed the railroad operators’ proposed $85 billion merger to create the nation’s first coast-to-coast rail network. Approximately 99 percent of both railroad companies’ shareholders last week voted to support the largest rail merger in history, but the U.S. Surface Transportation Board must still approve [...]
JUNEAU, Alaska (AP) — The Trump administration last week said it is rescinding federal rules that were aimed at protecting from future oil and gas leasing vast swaths of a petroleum reserve in Alaska that provide key habitat for migrating birds, caribou and other wildlife. The U.S. Interior Department said the final rule would be [...]
Doritos and Cheetos are getting a makeover. PepsiCo last week said it’s launching toned-down versions of its bright orange snacks that won’t have any artificial colors or flavors. Doritos and Cheetos Simply NKD will hit store shelves on Dec. 1. It’s part of a broader shift underway at PepsiCo, which announced in April that it [...]
WASHINGTON (AP) — The Trump administration has announced that it has reached trade frameworks with Argentina, Ecuador, El Salvador and Guatemala. The frameworks are about increasing the ability of American firms to sell industrial and agricultural products in these countries, according to a senior administration official who insisted on anonymity as a condition for briefing [...]
Several thousand Boeing machinists in the Midwest who assemble military aircraft and weapons last week voted to approve a new contract, ending a three-month strike that saw them reject four earlier offers from the company. The breakthrough five-year labor agreement includes a 24 percent wage hike across the life of the contract and a $6,000 [...]