Honda is recalling about 1.7 million vehicles, including some that are made in Indiana, over steering problems that can result from a damaged gearbox, according to the National Highway Traffic Safety Administration.... Read More
In a lawsuit filed in the US District Court for the Central District of California on Thursday, the automaker accused the UAW of planning to violate a 2023 collective bargaining agreement by way of “impermissible” mid-contract strikes.... Read More
Employers added 254,000 jobs in September, reflecting a stronger than expected labor market. The unemployment rate ticked down to 4.1 percent, according to jobs data released Friday by the Labor Department.... Read More
Indianapolis-based Eli Lilly’s supply of Mounjaro, which is used to treat Type 2 diabetes, and popular weight-loss drug Zepbound, can now meet present and projected national demand, the FDA said in a statement.... Read More
Navient, one of the nation’s largest student loan companies, will pay $120 million to resolve allegations that it misallocated payments, steered people into costly repayment plans, supplied the wrong information and ignored borrowers’ pleas for help.... Read More
President Joe Biden is preparing to announce that he will formally block Nippon Steel’s proposed $14.9 billion acquisition of U.S. Steel, according to three people with knowledge of the matter. ... Read More
Chair Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labor market.... Read More
A federal judge in Texas on Tuesday struck down the Federal Trade Commission’s ban on noncompete agreements, finding that the agency exceeded its authority with a rule that would have voided contracts that bar workers from moving to rival employers.... Read More
Grocery giant Kroger sued the Federal Trade Commission on Monday, challenging an administrative proceeding meant to block its proposed $24.6 billion merger with rival Albertsons. The lawsuit contends the regulator’s challenge in administrative court is...... Read More
Circle K operator Alimentation Couche-Tard Inc. made a proposal to take over much larger rival and 7-Eleven owner Seven & i Holdings Co., in what would be the biggest foreign takeover of a Japanese company. A merger would create the world’s top operator of...... Read More
