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John Deere will layoff more than 600 in production shift to Mexico
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Approved, Fox Business, National

John Deere will layoff more than 600 in production shift to Mexico

By Michael Dorgan  | Fox Business John Deere, the world’s largest seller of tractors and crop harvesters, on Friday announced another wave of layoffs, telling around 610 production staff at plants in Illinois and Iowa that they will be out of a job by the end of the summer.   The company is slashing around 280 workers from a plant in East Moline, Illinois, while another 230 employees are being let go at a factory in Davenport, Iowa. About 100 production employees at the company’s Dubuque, Iowa, plant will also be impacted. All layoffs are said to be effective from Aug. 30, the company tells FOX Business. The layoffs are being made due to reduced demand for John Deere's products from those factories. The company says it generated $10.166 billion in profits last ye...
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Name change: Westminster Legacy Foundation now the Westminster Community Foundation
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Approved, BizWest, Local

Name change: Westminster Legacy Foundation now the Westminster Community Foundation

By BizWest The Westminster Legacy Foundation, a philanthropic group formed in 2001 by former Westminster mayor Nancy Heil, has been rebranded to the Westminster Community Foundation. The nonprofit group also got a colorful new logo that depicts the belltower at Westminster City Hall.  “We hope our new name and logo drives Westminster residents to our website and promotes giving,” Westminster Community Foundation board of directors president Mike Lazar said in a prepared statement. “Philanthropy has the power to inspire hope and optimism. Each and every one of us can make a difference.” READ THE FULL STORY AT BIZWEST
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Your Social Security COLA increase could be smaller than expected next year
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Approved, Fox Business, National

Your Social Security COLA increase could be smaller than expected next year

By Megan Henney  | Fox Business Social Security recipients are on track to receive a cost-of-living adjustment (COLA) next year that is smaller than previously expected after inflation moderated more than expected in May. Mary Johnson, a retired Social Security and Medicare analyst, estimated the adjustment could be about 3%, based on May inflation data, which showed the consumer price index was unchanged from the previous month and is up 3.3% from the same time last year. Both figures are lower than expected, suggesting high inflation is loosening its grip on the U.S. economy. READ THE FULL STORY AT FOX BUSINESS
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Skilled workers are in demand; these trade jobs pay the most
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Approved, Fox Business, National

Skilled workers are in demand; these trade jobs pay the most

By Breck Dumas | Fox Business Trade jobs in the U.S. are in a renaissance with high demand for skilled workers and waning interest in college among young adults. The shortage of workers in the trades has driven up the pay, making those positions more attractive and the training a better payoff than a four-year college degree, in many instances. Using data from the U.S. Bureau of Labor Statistics, job site Indeed recently reported that the average salary for a trade job in America is $61,900, but several occupations pay much more, even just starting out. READ THE FULL STORY AT FOX BUSINESS
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Report: Home foreclosures are on the rise again nationwide
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Approved, Fox Business, National

Report: Home foreclosures are on the rise again nationwide

By  Megan Henney | FOX BUSINESS Home foreclosures rose again in May as Americans continue to grapple with the ongoing cost-of-living crisis.  That is according to a new report published by real estate data provider ATTOM, which found that there were 32,621 properties in May with foreclosure filings, which includes default notices, scheduled auctions and bank repossessions. That marks a 3% increase from the prior year, although it is down 7% from the same time last year.  "May’s foreclosure activity highlights nuanced shifts in the housing market," said ATTOM CEO Rob Barber. "While we observed a slight increase in foreclosure starts, the decline in completed foreclosures indicates resilience in certain areas." READ THE FULL STORY AT FOX BUSINESS
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Why Colorado Safeway stores wouldn’t be run by Kroger if merger goes through
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Approved, coloradopolitics.com, Local

Why Colorado Safeway stores wouldn’t be run by Kroger if merger goes through

By Bernadette Berdychowski | Colorado Politics Colorado has been one of the most vocal states against the proposed merger between grocery giants Kroger and Albertsons — the operators of the state’s King Soopers and Safeway stores. Amidst pressure from states such as Colorado and the federal government, Kroger and Albertsons announced in April it would divest 100 more stores than originally planned to ease worries from regulators that their $24.6 billion deal would harm American consumers. But the grocers' had a unique agreement for its stores in the Centennial State. Colorado is one of two states — the other being Arizona — where Kroger plans to license the Safeway brand to another grocer. READ THE FULL STORY AT COLORADO POLITICS
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Under new CEO, major changes could be realized at Costco
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Approved, National, The Street

Under new CEO, major changes could be realized at Costco

By Daniel Kline | The Street Costco has been almost stubborn in how slow it has been to adopt new technology. The company embraced the internet years after rivals like Walmart and Target, and it remains well behind them when it comes to its digital presence. That was due to a longstanding belief by company leadership that members did not want money to be spent on technology that could instead go into keeping prices low. It's not that the warehouse club ignored the internet and advances like guaranteed two-day, then one-day, and now same-day delivery, it just didn't see the need to invest in the required infrastructure. Costco (COST) has been clever in adding features like same-day delivery by partnering with Instacart, and it has slowly improved its website, both in what it sells ...
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Dr Pepper ends Pepsi’s reign as second-most popular soda, making soda industry a three-brand race
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National, The Street

Dr Pepper ends Pepsi’s reign as second-most popular soda, making soda industry a three-brand race

By Rebecca Mezistrano, Ross Kohan AND Daniel Kuhn | The Street While Coca-Cola still holds the top spot when it comes to America’s biggest soda brand, there is officially a battle for the number two spot. After decades of it being just a two-brand race, Dr Pepper has emerged as a contender as is now tied with Pepsi as America’s No.2 soda. Coke is in no danger of losing its top spot with a commanding 19.2 percent share of the soda market, according to Beverage Digest. Pepsi and Dr Pepper both own an 8.3 percent share,. Sprite and Diet Coke rounded out the top five - both brands fall under the Coca-Cola umbrella. READ THE FULL STORY AT THE STREET
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Tech glitch may have overcharged Walmart shoppers at self-checkout
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Approved, National, The Street

Tech glitch may have overcharged Walmart shoppers at self-checkout

By Patricia Battle | The Street If you’ve recently used a self-checkout kiosk at Walmart  (WMT) , and felt like your bill was abnormally high, (even amid inflation) then you were probably right. The retail giant has just admitted that it may have overcharged shoppers who opted to use self-checkout machines in March at 1,600 stores across the nation due to a technical issue, according to documents that were seen by Bloomberg News. The documents reveal that the issue began on March 19, and that some customers were even undercharged for items across all categories such as food, apparel, etc. The source of the malfunction was due to an “internal system failure” that halted price data from being updated at self-checkout kiosks. Walmart’s tech staff were still...
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T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal. What it means for customers.
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Approved, National, The Street

T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal. What it means for customers.

By Rebecca Mezistrano and Ross Kohan | The Street T-Mobile, one of the three largest wireless providers in the country, is about to get a little bigger. The company announced plans to acquire U.S. Cellular in a $4.4 billion deal. T-Mobile will gain stores, more spectrum rights, and all of Cellular’s 4-plus million customers. The deal, which includes up to $2 billion of assumed debt, is expected to be finalized by the middle of 2025. T-Mobile CEO Mike Sievert said in a statement “As customers from both companies will get more coverage and more capacity from our combined footprint, our competitors will be forced to keep up – and even more consumers will benefit." READ THE FULL STORY AT THE STREET
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