Boeing 737 MAX airliners are pictured at the company's factory in Renton, Washington, on Sept. 12, 2024. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company's losses mount and a machinist strike that has idled its aircraft factories enters its...
Private payrolls show better-than-expected growth of 143,000 in September, ADP says
Private sector hiring picked up in September, indicating the labor market is holding its ground despite some signs of weakness, payrolls processing firm ADP reported Wednesday. Companies added 143,000 jobs for the month, an acceleration from the upwardly revised 103,000 in August and better than the 128,000 consensus forecast...
Nike withdraws guidance, postpones investor day as it gears up for CEO change
An employee carries shoe boxes at the Footlocker retail store in the Barton Creek Square Mall on August 28, 2024 in Austin, Texas. Brandon Bell | Getty Images Nike on Tuesday said it was withdrawing its full-year guidance and postponing its investor day as it gears up for a...
Eli Lilly to build $4.5 billion research and manufacturing center to propel drug pipeline
Eli Lilly will spend $4.5 billion to build a center aimed at finding better ways to manufacture its medicines. The facility, called the Lilly Medicine Foundry, will house development of new manufacturing methods with an eye toward efficiency. It's a strategy that's already paying off with Lilly's obesity and...