The highly contagious omicron variant is evident in 50% to 70% of new coronavirus cases in parts of the most populous state heading into the holidays as California is on the precipice of recording 5 million confirmed cases of COVID-19, health officials said Friday.
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PARIS (Reuters) -Qatar Airways took a $4 million-a-day dispute with Europe's Airbus to social media on Friday, publishing a video of the scarred exterior of grounded A350 jets that the airline said underscored "serious and legitimate safety concerns." The two sides have been locked for months in a spiralling dispute over deterioration to paint and anti-lightning protection on the passenger jets, which Airbus has said is happening prematurely but does not represent any safety issue. Qatar Airways hit back with the first official images of jets grounded by its regulator after Airbus accused the state airline of engineering the dispute to obtain compensation.
(Bloomberg) -- Farm equipment giant John Deere boasted record profits in 2021 as the global pandemic made consumers and countries more reliant than ever on a functioning agricultural sector. Also last year, unionized workers demanded a piece of the company’s growing pie, and after a strike forced John Deere to provide better compensation to the men and women who make its products.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessJeremy Grantham Doubles Down on Crash
PARIS (Reuters) -Airbus on Thursday raised the stakes in a dispute with major customer Qatar Airways over grounded and undelivered A350 jets by announcing it had revoked a separate contract for 50 smaller A321neo jets the airline plans to use for new routes. The move widens a dispute that moved closer towards a rare courtroom clash on Thursday, with a procedural hearing over Qatar's claim for more than $600 million in compensation over A350 flaws pencilled in for the week of April 26 in London. Airbus revealed it was walking away from the contract for A321neos in skeletal arguments presented during a scheduling session over the A350 dispute at a division of Britain's High Court on Thursday, people familiar with the matter said.
- Business Insider
The workers alleged their manager was unfairly fired. Noah's NY Bagels told KCRA it was looking into the matter.
- Miami Herald
Venezuela has doubled its oil production in recent months thanks to Iran and other players that are helping it evade U.S. sanctions, but the country’s industry is now running near the top of its capacity and it is unlikely it could go much higher than current output levels, according to industry analysts.
- Lexington Herald-Leader
OpEd: I’m beginning to think that maybe it’s not the workers who are at fault here.
- Detroit Free Press
A new study shows that wages are not keeping pace with the escalating prices of new and used cars.
(Bloomberg) -- Move over, corn. Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedS. Africa Covid-19 Infected Lions Prompt Variant AlertLate Rout in Tech Sends Nasdaq 100 Into Correction: Markets WrapAfter months of surging fertilizer prices, America’s biggest crop is set to be unseated by soybeans when it comes to planting size. The less chemically-reliant legume will expand acreage by 5.9% this ye
(Bloomberg) -- Intel Corp. will announce Friday the next step in Chief Executive Officer Pat Gelsinger’s plan to build up semiconductor production in the U.S., seeking to restore the chipmaker’s edge in manufacturing technology.Most Read from BloombergJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessStocks Decline as Traders Eye Risks; Bitcoin Sinks: Markets WrapCrypto Selloff Pushes Bitcoin to a Six-Month Low of $38,000A
(Bloomberg) -- Canada is now one of the top buyers of U.S. corn as cattle ranchers scour for grain to feed their animals.Dry conditions zapped as much as 40% of western Canada’s grain output last year, sending prices for barley and other crops to all-time highs and leaving a dearth of feed for the nation’s cattle industry. The squeeze has prompted Canada to make a rare commitment to bring in about 3.2 million metric of tons of corn from its southern neighbor, according to U.S. Department of Agri
- Schaeffer's Investment Research
The 40-day moving average has served as a springboard for MU several times before
(Bloomberg) -- The global semiconductor shortage is hitting one of the industry’s most important gear makers, potentially creating a vicious cycle that will further strain supply to companies from Nissan Motor Co. to Apple Inc.Most Read from BloombergJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessStocks Decline as Traders Eye Risks; Bitcoin Sinks: Markets WrapCrypto Selloff Pushes Bitcoin to a Six-Month Low of $38,000Am
Chinese woman told by Lowe's customer to go back to her country is scolded by store employee for filming
A Lowe’s in Illinois has come under fire after a Chinese woman and Springfield resident claims another customer told her to go back to her country. Xuna Hu says she was shopping for two fire pits when the other customer tried to get Hu to hand over one of the pits, leading up to the alleged racist encounter at a Lowe’s branch on Wabash Avenue on Jan. 17. "I was like alright, I’ll just give you one then,” Hu told WICS Channel 20.
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- Delmarva Now | The Daily Times
The Biden administration has painted the meat and poultry industry as the villain for the recent rise in prices in grocery stores.
- American City Business Journals
The space company has 4,000 employees nationwide but none in Colorado right now. The brewery is considering expansion in Texas instead of locally.
- American City Business Journals
The plant's ethane steam cracker, with a capacity to produce 1.8 million metric tons per year of ethylene, is designed to be largest in the world.
Oil has been rallying to start the year, with no shortage of bullish factors working to lift prices to their highest levels in more than seven years, raising expectations that the per-barrel cost of the commodity will soon reach $100.
- Biloxi Sun Herald
Federal officials said the former employee was repeatedly referred to as “Black boy,” “the Black boy” or “little Black guy.”
As part of an effort to regain its position as a leading maker of semiconductors amidst a global chip shortage, Intel is committing $20 billion to build a manufacturing mega-site in New Albany, on the outskirts of Columbus, Ohio, the company exclusively confirmed to TIME. The chip maker says it will build at least two semiconductor fabrication plants, or fabs, on the 1,000-acre site, where Intel will research, develop, and manufacture its most cutting-edge computer chips, employing at least 3,000 people. Intel’s announcement is the largest private-sector investment in Ohio history and a bright spot in what has been a dismal few decades for manufacturing in Ohio and the Midwest.