Browsing: Business

The Walgreens logo on the front of a store, Wednesday, July 14, 2021, in Cambridge, Mass. A surge in demand for COVID-19 tests and vaccines helped Walgreens deliver a better fiscal second quarter than Wall Street expected. The drugstore chain said store sales jumped as customers bought at-home COVID-19 tests. (Charles Krupa/AP)

Still, oil producers have been more focused on meeting the needs of investors, according to a survey released last week by the Dallas Federal Reserve. About 59% of the executives surveyed said investor pressure to preserve “capital discipline” amid high prices was the reason they weren’t pumping more, while fewer than 10% blamed government regulation.

“The reductions will be achieved through a combination of retirement packages offered to eligible UAW-represented employees as well as layoffs of both hourly and salaried staff,” Tinson said. “The company notified affected employees, the state of Illinois, the city of Belvidere and the UAW March 28 that layoffs could begin as early as May 27, 2022, with retirements taking effect on May 31, 2022.”

John Rizzo, business manager with the International Brotherhood of Electrical Workers Local 1220, joins other union members as he speaks at a strike rally outside the WTTW studios in Chicago March 21, 2022. WTTW union broadcast technicians went on strike March 16 after more than a year of negotiations failed to produce a labor agreement. The technicians are responsible for a number of productions at the local public TV station, including the nightly news show “Chicago Tonight.” (Jose M. Osorio / Chicago Tribune)

People shop at a Best Buy store Friday, Nov. 26, 2021, in Overland Park, Kan. U.S. consumer confidence bounced back in March and remains high, though consumers’ short-term outlook is not quite as rosy. The Conference Board, a business research group, said Tuesday, March 29, 2022 that its consumer confidence index — which takes into account consumers’ assessment of current conditions and their outlook for the future — rose to 107.2 in March from 105.7 in February. (Charlie Riedel/AP)

A hiring sign is shown at a booth for Jameson’s Irish Pub during a job fair on Sept. 22, 2021, in the West Hollywood section of Los Angeles. Job openings hovered at a near-record level in February, little changed from the previous month, continuing a trend that Federal Reserve officials see as a driver of inflation. (Marcio Jose Sanchez/AP)