As if it wasn’t expensive enough to get sick in the U.S., a recent study found that a large number of Medicare beneficiaries will continue to be financially burdened from healthcare expenses.
Slumping U.S. motorcycle sales have resulted in more job cuts and a plant closure at Harley-Davidson Inc (NYSE:HOG). The Milwaukee-based motorcycle manufacturer announced it will close its manufacturing plant in Kansas City, Missouri, eliminating around 800 jobs. The company announced its latest restructuring plan after reporting disappointing financial results for fiscal 2017, with worldwide retail (more…)
The November midterm elections might be just nine months away, but numerous polls suggest that American voters want to see a change in Congress. A new survey shows that if elections for Congress were held today, 45% of likely American voters would vote for their Democratic candidate, 37% would vote for the Republican, and five (more…)
Charleston Newspapers, owners of the Charleston Gazette-Mail, filed for Chapter 11 bankruptcy. The company also filed a Worker Adjustment and Retraining Notification (WARN) with the City of Charleston, saying that it was selling the newspaper and that as a result of the sale, 206 employees would be terminated. Charleston Newspapers currently employs 209. It is expected that Charleston (more…)
Gordon Food Service is closing its food distribution facility in York, Pennsylvania, a move that will result in the loss of 64 jobs, including administrative, distribution, and inside sales positions. The layoffs will start on March 23, with the facility closing by June 15. The remaining 70 employees will be transferred to a regional branch (more…)
Mobis North America LLC filed a Worker Adjustment and Retraining Notification (WARN) letter with the Ohio Department of Job and Family Services saying it was temporarily laying off 572 employees. Mobis, an on-site supplier for Fiat Chrysler Automobiles NV’s (NYSE:FCAU) Toledo, Ohio assembly complex, said the layoffs will take place in April 2018. Operations will resume (more…)
The Coca-Cola Co’s (NYSE:KO) restructuring will result in hundreds of employees in Okmulgee, Oklahoma looking for work. Coca-Cola is closing its manufacturing operations in Okmulgee and consolidating operations with its Oklahoma City bottling facility. The move comes less than a year after the territory in Oklahoma was acquired by Arca Continental (BMV:AC), the second-largest Coca-Cola bottler (more…)
The greenback is off to a terrible start in 2018. The U.S. Dollar Index, which measures the U.S. dollar against a basket of foreign currencies, is at $0.8889 and has fallen roughly 3.5% since the start of 2018. Over that same time frame, the pound sterling has advanced more than five percent and the euro-to-dollar (more…)
Pawhuska Nursing Home is closing its doors after more than 60 years due to state budget cuts. The shuttering of the Pawhuska, Oklahoma-based nursing home leaves 20 residents looking for a new place to live. The closing of the Pawhuska Nursing Home, which is also one of the largest employers in the small town of (more…)
The U.S. economy slowed unexpectedly in the fourth quarter of 2017 as gross domestic product (GDP) grew at an annualized rate of 2.6%. This breaks a two-quarter streak of GDP growth above three percent. Overall, U.S. GDP advanced 2.3% in 2017, which is better than the 1.5% GDP growth experienced in 2016 but significantly lower (more…)
