Browsing: Business

In this Sept. 28, 2020, file photo, The TikTok app logo appears in Tokyo. State attorneys general have launched a nationwide investigation into TikTok and its possible harmful effects on young users’ mental health, widening government scrutiny of the wildly popular video platform. The investigation was announced Wednesday, March 2, 2022, by a number of states including Illinois. (Kiichiro Sato/AP)

Marriott human resources recruiter Mariela Cuevas, left, talks to Lisbet Oliveros, during a job fair at Hard Rock Stadium, Sept. 3, 2021, in Miami Gardens, Fla. Jobless claims fell by 18,000 to 215,000 for the week ending February 26, from 233,000 the previous week, the Labor Department reported Thursday. (Marta Lavandier/AP)

One of the Illinois lawsuits was filed by a South Carolina mother who said her baby had diarrhea for two weeks after drinking Alimentum formula. The other five Illinois lawsuits were filed by consumers in Maryland, Arkansas, Texas, Florida, Louisiana, Delaware, Pennsylvania and Indiana who bought the formulas and then were unable to use them because of the recall. Those plaintiffs said they wouldn’t have bought the formulas if they’d known about the risks, and they are seeking damages.

Ford plans a major restructuring with two distinct but strategically interdependent auto businesses – Ford Blue focusing on traditional combustion engines and Ford Model e, which will develop electric vehicles. Ford’s Chicago Assembly Plant, which makes the Ford Explorer, Lincoln Aviator and Police Interceptor SUVs, employs about 4,900 people on the city’s Southeast Side.

The yield on the 10-year Treasury jumped to 1.80% from 1.72% late Tuesday, while the two-year Treasury leaped even more to 1.47% from 1.31%. Yields, though, remain well below where they were before Russia’s invasion. The 10-year yield was above 2% last month, before it plunged as investors plowed into investments seen as safer amid worries about war.

FILE – Federal Reserve Board Chairman Jerome Powell speaks during his re-nominations hearing before the Senate Banking, Housing and Urban Affairs Committee, Tuesday, Jan. 11, 2022, on Capitol Hill in Washington. The Federal Reserve will lift its benchmark short-term interest rate at its next meeting in two weeks, Powell says in prepared testimony he will deliver to a congressional committee Wednesday, March 2. (Brendan Smialowski/AP)