Browsing: Business

“McDonald’s partnership with our vast network of suppliers is not only fundamental to delivering on our purpose to feed and foster communities — it’s also key to realizing our diversity, equity, and inclusion ambition,” Marion Gross, head of McDonald’s North American supply chain, said in a news release Thursday.

A blue sticker with the Amazon logo is displayed on a buzzer system in the apartment building of Jason Goldberg, chief commerce strategy officer at marketing company Publicis Communications, Monday, March 29, 2021, in Chicago. Amazon is making a push to install a device on buzzer systems in apartment buildings throughout the country that allows its delivery drivers to whip out a phone, tap a button and unlock a building’s front doors whenever they need to leave packages in the lobby instead of the street. (Shafkat Anowar/AP)

The company said Thursday it foresaw half its sales as battery-only or plug-in hybrid cars by 2025, up from a quarter in previous forecasts. In the first six months of this year, such vehicles were 10.3% percent of total sales. The company sold 39,000 battery cars and 121,500 plug-in hybrids, which combine a battery with internal combustion.

A hiring sign is displayed at a retail store in Schaumburg, Ill., Thursday, July 15, 2021. The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck last year, further evidence that the U.S. economy and job market are quickly rebounding from the pandemic recession. Thursday’s report from the Labor Department showed that jobless claims fell by 26,000 last week to 360,000. (Nam Y. Huh/AP)

American Airlines eked out a second-quarter profit of $19 million, including nearly $1.5 billion in federal relief. Without the taxpayer funding and other special items, American would have lost $1.1 billion, or $1.69 per share. Still, that is American’s smallest adjusted loss in any quarter since 2019, and the adjusted loss was less than the $2.03 per share loss forecast by analysts, according to a FactSet survey.

The entire project could take 20 years to build, costing $7 billion and extending well past the former hospital campus’ 49-acre lot, ultimately covering more than 100 acres total, Goodman said. Singer Pavilion — the campus’ only remaining Reese building, built in 1948 — will be preserved as part of the development, according to the Department of Planning and Development.