Labor
Auto parts supplier to invest $40M in Marysville
An auto industry parts supplier says it's investing $40 million to expand its Marysville facility and plans to add more than 350 jobs during the next three years. The Times Herald of Port Huron reports (http://bwne.ws/1aeLDtX ) the announcement was made Thursday by SMR Automotive Systems. Sai Tatineni, managing director ...
Some unions now angry about health care overhaul
Some labor unions that enthusiastically backed President Barack Obama's health care overhaul are now frustrated and angry, fearful that it will jeopardize benefits for millions of their members. Union leaders warn that unless the problem is fixed, there could be consequences for Democrats facing re-election next year. "It makes an ...
News Corp. board approves split, stock buyback
News Corp. says its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. News Corp. also said Friday that the target date for the split is June 28. The company holding its TV and movie properties will be 21st Century Fox. The ...
France won't force companies to cap executive pay
The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the economy. Finance Minister Pierre Moscovici announced Friday that the government no longer plans to push for a law to cap executive salaries in the private sector. Instead, Moscovici ...
Procter & Gamble brings back A.G. Lafley as CEO
Household products giant Procter & Gamble Co. is hoping its former CEO can work his magic once again. The Cincinnati company said late Thursday that former CEO A.G. Lafley, a 33-year industry veteran, is returning its top post. The surprise move comes as the world's largest consumer-products maker tries to ...
2 Ind. hospital systems cutting jobs, other costs
Two Indiana hospital systems said Thursday that they are cutting an undisclosed number of jobs by July 1 because of increasing economic and competitive pressure on the health care industry. St. Vincent Health, an Indianapolis-based network of 22 hospitals, and St. Mary Health of Evansville said restructurings of their workforces ...
Stocks edge lower as investors reassess Fed fears
Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. U.S. markets plummeted immediately after the opening bell Thursday following a global slump prompted partly by an unexpected slowdown in Chinese manufacturing. Concern that the Federal Reserve might ease back on its ...
Business Highlights
___ Why worry? Less aid by Fed would point to recovery WASHINGTON (AP) — Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the U.S. economy sooner than many expected. Yet almost lost in the anxiety that gripped the stock market this week is ...
Lifespan cutting 122 jobs, reducing doc training
A plan by Rhode Island's largest health system to save $100 million to $150 million over the next two and a half years through significant jobs cuts will also include cuts to its physician training program. Lifespan announced this week that it's eliminating a total of 122 positions, mostly in ...
Developer reopening northern Indiana lake resort
A developer is preparing to reopen a lake resort in northern Indiana that has been closed since 2008 after more than a century as a religious retreat. The Oakwood Inn Resort & Conference Center at Lake Wawasee near Syracuse is expected to open up in mid-June, The Journal Gazette (http://bit.ly/1215q22n ...
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