Chicago Bears envision an ‘entertainment destination with multiple facets’ in Arlington Heights. But the team cautions it still is in the exploration phase of a potential new stadium.
Chicago Bears Chairman George McCaskey said there is “a lot of due diligence that needs to be performed before we can close” on the Arlington Heights property for a potential new stadium.chicagotribune.com
Bears make sweeping changes, fire GM Pace, coach Nagy
Bears Pace Nagy Fired Football FILE - Chicago Bears general manager Ryan Pace walks on the field before the team's NFL preseason football game against the Miami Dolphins in Chicago, Aug. 14, 2021. The Chicago Bears decided to make sweeping changes and fired general manager Ryan Pace and coach Matt Nagy on Monday, Jan. 10, 2022, hoping new leadership in the front office and on the sideline will lift a struggling franchise. Chicago fired Pace and Nagy on Monday, hoping new leadership in the front office and on the sideline will lift a struggling franchise. They would ideally hire a general manager first and then a coach. Running back David Montgomery appreciated the opportunity Pace and Nagy gave him by drafting him out of Iowa State in 2019.wftv.com
Search continues for victims of collapsed building in Sicily
Rescuers in Sicily continue the search for survivors after they found four more bodies in the rubble of collapsed buildings in Ravanusa. This raises the official death toll to seven. The blast, suspected to be caused by a gas leak, levelled four structures, including a four-storey apartment building, in the central residential district of the town of nearly 11,000 inhabitants, according to the civil protection unit.news.yahoo.com
AP source: Mets, Eppler near 4-year deal GM deal
NEW YORK — (AP) — The New York Mets were close to completing a deal Wednesday night to hire Billy Eppler as general manager, according to a person familiar with the negotiations. Eppler and the Mets were nearing a four-year contract, said the person, who spoke on condition of anonymity because the agreement was not finalized. But it appears the Mets have finally found their GM following a ridiculed search that had dragged on for more than six weeks since the 2021 season ended. Eppler is expected to be introduced by the team Friday, and he would become the Mets' fifth head of baseball operations in 13 months. The 46-year-old Eppler was GM of the Angels from 2015-20, overseeing five straight losing seasons.wftv.com
AP Source: Royals promote Moore to president, Picollo to GM
The Kansas City Royals are promoting general manager Dayton Moore to club president and elevating longtime assistant GM J.J. Picollo to fill his role, a person familiar with the front-office movements told The Associated Press on Tuesday. The 54-year-old Moore presided over one of the most remarkable turnarounds in baseball history, leading the long-suffering Royals from a team that regularly lost 100 games upon his 2006 arrival to one that reached consecutive World Series. The Royals have been on another major rebuilding effort after the small-market club was unable to keep some of the big names that ushered in their winning era.news.yahoo.com
US jobless claims rise to 419,000 from a pandemic low
The number of Americans seeking unemployment benefits rose last week from the lowest point of the pandemic, even as the job market appears to be rebounding on the strength of a reopened economy. The Labor Department said Thursday that jobless claims increased last week to 419,000, the most in two months, from 368,000 the previous week. The number of first-time applications, which generally tracks layoffs, has fallen steadily since topping 900,000 in early January.news.yahoo.com
White House calls on Mexican government to probe possible labor violations at GM auto plant
Using her authority under the trade deal, Tai also directed the Treasury Department to suspend the calculation of customs duties on any GM shipments from Silao to the United States. That leaves open the threat that 25 percent duties could be applied retroactively to any GM vehicles that are exported while the review is conducted, U.S. officials said.washingtonpost.com
New York Rangers abruptly dump team president, GM
Rangers Front Office Firings Hockey FILE - John Davidson, left, president of the New York Rangers, and Rangers general manager Jeff Gorton pose at a news conference in New York, in this Wednesday, May 22, 2019, file photo. The New York Rangers fired president John Davidson and general manager Jeff Gorton on Wednesday, May 5, 2021 according to multiple published reports. (AP Photo/Seth Wenig, File) (Seth Wenig)The New York Rangers abruptly fired president John Davidson and general manager Jeff Gorton on Wednesday with three games left in the season. Chris Drury was named president and GM. He previously served as associate GM under Davidson and Gorton.wftv.com
Volvo is set to give all employees 24 weeks of paid parental leave
In this article VOLV.B-SEFGM8TI-FFChesnot | Getty Images News | Getty ImagesSwedish automaker Volvo Cars is increasing paid parental leave for employees globally to 24 weeks regardless of gender, the company announced Tuesday. Employees — both hourly and salaried — who have been with the automaker for at least one year are eligible for the new "Family Bond" program, the company said. Employees will be paid 80% of their base pay by default under the program. U.S. employees also have the option of 19 weeks of fully paid parental leave within 36 months of becoming a parent, according to Volvo. Hakan Samuelsson CEO, Volvocnbc.com
Jets' Douglas praises Darnold, but open to trading QB
FILE - New York Jets quarterback Sam Darnold rolls out to pass against the New England Patriots in the first half of an NFL football game in Foxborough, Mass., in this Sunday, Jan. 3, 2021, file photo. (AP Photo/Charles Krupa, File)NEW YORK – Sam Darnold's time as the face of the New York Jets franchise might be nearing a disappointing end. General manager Joe Douglas has backed off that stance, though, and it could signal a major change at the position as free agency and the NFL draft approach. “I will answer the call if it's made,” Douglas said Wednesday when asked if he'd listen to offers for Darnold. AdThe Jets could also opt to stick with Darnold, for at least this year, and trade down from No.
Why there's a chip shortage that's hurting everything from the PlayStation 5 to the Chevy Malibu
They join a long list of major automakers, including Ford, Honda and Fiat Chrysler, which have warned investors or slowed vehicle production because of the chip shortage. But it's not just the automotive industry that's struggling to get enough semiconductors to build their products. Sony blamed the chip shortage for why it's so hard to get a PlayStation 5 game console. The Semiconductor Industry Association said in December that global chip sales would grow 8.4% in 2021 from 2020's total of $433 billion. "The shortage in the semiconductor industry is across the board," said incoming Qualcomm CEO Cristiano Amon last month.cnbc.com
Brady, improved defense keys to Bucs winning Super Bowl
Tampa Bay Buccaneers quarterback Tom Brady during NFL football practice, Thursday, Feb. 4, 2021 in Tampa, Fla. The Buccaneers will face the Kansas City Chiefs in Super Bowl 55. (Kyle Zedaker/Tampa Bay Buccaneers via AP)TAMPA, Fla. – Tom Brady and the Tampa Bay Buccaneers won’t be denied. The 43-year-old six-time Super Bowl champion may no longer be the best quarterback in the NFL, however, he’s shown in his first season with the Bucs that he’s still good enough to lead a team to the NFL title game. You want to make some moves that hopefully get your team into the Super Bowl.
Brady, productive drafts fuel Tampa Bay's run to Super Bowl
Tampa Bay Buccaneers quarterback Tom Brady (12) runs with a elastic band around his legs during an NFL football workout Thursday, Jan. 28, 2021, in Tampa, Fla. The Buccaneers play the Kansas City Chiefs in Super Bowl LV on Feb. 7. 1 overall pick Jameis Winston but dared to dream of signing Brady if the six-time Super Bowl champion decided to leave New England as a free agent. Of course it was Tom Brady, not thinking he would become a free agent,” Arians added. Ad“Naturally, I think you envision every year in the offseason you want to make some moves that hopefully get your team into the Super Bowl.
Washington hires Martin Mayhew as general manager
FILE - In this March 11, 2015, file photo, then-Detroit Lions general manager Martin Mayhew speaks during a news conference in Allen Park, Mich. Washington has hired Martin Mayhew to be its new general manager. The hiring of Mayhew makes Washington the only team in the NFL with a Black team president and GM. (AP Photo/Paul Sancya, File)Ron Rivera bulked up his front office Friday, hiring Martin Mayhew to be Washington's general manager and Marty Hurney to serve as executive vice president of football and player personnel. Mayhew joins Washington after four seasons with the San Francisco 49ers. Marty has a proven track record as a successful scout and general manager and will be a vital part of shaping our roster."
Panthers fire GM Marty Hurney after another losing season
FILE - In this April 17, 2019, file photo, Carolina Panthers general manager Marty Hurney speaks to the media in Charlotte, N.C. The Panthers have fired Hurney after the team lost eight of its last nine games and failed to make the playoffs for a third straight season. (AP Photo/Chuck Burton, File)CHARLOTTE, N.C. – Marty Hurney is out again as Carolina's general manager. The Panthers are the fifth team this season to fire their general manager, joining the Lions, Jaguars, Texans and Falcons. He was the general manager from 2002-12 before being fired by former owner Jerry Richardson.
GM's Cruise begins testing autonomous vehicles without human drivers in San Francisco
Two self-driving Chevy Bolt EV cars are seen during a media event by Cruise, GM’s autonomous car unit, in San Francisco, California, U.S. November 28, 2017. Cruise, a majority-owned subsidiary of General Motors, has started testing self-driving vehicles without driver monitors in San Francisco, the company said Wednesday. The California-based company plans to begin testing a handful of vehicles, followed by a "very methodical and responsible" ramp-up across San Francisco, according to Cruise CEO Dan Ammann. While the vehicles will not have humans in the driver's seats, Cruise plans to maintain a safety operator in the passenger seat during the beginning of the testing, according to Cruise spokesman Ray Wert. Ammann declined to say when the company plans to launch a commercial autonomous vehicle business for passengers or cargo, citing "there's a lot more to come next year."cnbc.com
MLB executive, ex-pitcher Young joins hometown Rangers as GM
ARLINGTON, Texas – The Texas Rangers hired Chris Young as executive vice president and general manager Friday, bringing the Major League Baseball executive home to work under president of baseball operations Jon Daniels, the club's GM since 2005. The return to Texas comes after Young interviewed for the GM opening with the New York Mets, who recently abandoned an effort to hire a president of baseball operations to focus on the GM search. Young was the senior vice president in charge of on-field operations and the umpires with MLB. He worked closely with the Rangers on baseball issues related to construction of Globe Life Field, which opened this past season. “Chris Young’s background and experiences will be a huge asset to our baseball operations group," Daniels said.
Stocks making the biggest moves midday: Zoom Video, Nikola, Tesla and more
Zoom Video – Shares dropped nearly 14% as investors digested signs that the video conferencing company's explosive growth this year may be slowing. Tesla – The electric vehicle company rose more than 2% after S&P Dow Jones Indices gave an update on how the company will be added to the S&P 500. Nikola – Shares of the embattled electric vehicle company slid more than 16%, building on Monday's 27% drop, following an update on Nikola's agreement with GM. Nio — The Chinese electric vehicle company slid 7% after Nio reported its latest delivery numbers. Exxon Mobil — The stock rose more than 2% after the energy giant announced a more streamlined capital spending plan.cnbc.com
GM recalling Chevrolet Bolt EVs due to fire risks amid federal probe
The Chevrolet Bolt EV is displayed during the Los Angeles Auto Show at the Los Angeles Convention Center on November 20, 2016 in Los Angeles, California. The National Highway Traffic Safety Administration in October opened an investigation into three reported fires involving Chevrolet Bolt EVs. GM has confirmed five instances of fires that "could be related to the high voltage batteries" in the vehicles, according to Jesse Ortega, executive chief engineer for the Chevrolet Bolt EV. In the meantime, GM is asking Bolt EV owners to schedule an appointment with a Chevrolet dealership beginning Tuesday. Until customers receive the software update, GM is asking owners to change their vehicle's settings to lower its charging capacity.cnbc.com
GM recalls 217K vehicles to fix leak that can stop travel
DETROIT – General Motors is recalling more than 217,000 cars and SUVs in the U.S. and Canada because transmission oil can leak, causing them to stop moving or possibly catch fire. [TRENDING: Eta drenches Florida | 2 killed in Orange County crash | Biden names COVID-19 task force]The recall covers certain versions of the 2018 through 2020 Chevrolet Equinox and Traverse as well as the GMC Terrain. Also included are the 2018 Chevrolet Malibu and 2018 and 2019 Chevrolet Cruze and Buick LaCrosse, as well as the 2019 through 2020 Buick Encore and Enclave, the Cadillac XT4, GMC Acadia and Chevrolet Blazer. The 2020 Cadillac XT6 also is covered. GM says in government documents posted last weekend that two bolts may be missing from the stop-start mechanism, allowing the fluid to leak.
New 76ers president Morey: Embiid, Simmons can work together
Pressed on Embiid and Simmons, Morey quipped he was low on the tenure board. “I think they absolutely can work together,” Morey said, “but Doc’s been here a little longer than me. “Whatever my role needs to be, I accept that role,” Brand said. “The goal is not to shoot 3-pointers, the goal is to win,” Morey said. Or Morey and Rivers, who bring decades of sustained winning to Philly and will demand players do it their way?
Dow drops more than 500 points, S&P 500 posts first 4-day losing streak since February
The S&P 500 is down more than 6% in September and the Dow has lost 4.5%. Monday's decline marked the first time since February that the S&P 500 posted four straight daily losses. The S&P 500 lost 1.2% to 3,281.06. The S&P 500 fell as much as 2.7%. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite were coming off their third straight weekly drop, marking their longest weekly slide since 2019.cnbc.com
Coronavirus pandemic reinforces America's love of pickups as inventory tightens
But one thing the crisis hasn't changed is America's love of pickup trucks. Truck sales beginning this month were only off 1% compared with pre-pandemic forecasts, according to the firm. During the coronavirus pandemic, pickup retail sales have significantly outpaced the industry. Retail sales were expected to slow this year before the pandemic, but the outbreak caused demand to plunge even more. Retail sales do not include sales to fleet customers such as the government or businesses.cnbc.com
ICYMI: A look back at Sunday's 60 Minutes
ICYMI: A look back at Sunday's 60 MinutesThis week on 60 Minutes: How GM and Ford switched from building vehicles to making medical supplies; Then, using artificial intelligence to track the coronavirus pandemic; And, protecting the U.S. military from coronavirus.cbsnews.com
How GM and Ford switched from building vehicles to making medical supplies
How GM and Ford switched from building vehicles to making medical supplies America's two biggest carmakers aren't rolling sedans off their assembly lines right now, they're churning out ventilators. And they're doing it with new practices that prioritize keeping workers safe. Norah ODonnell reports.cbsnews.com
Cramer on BlackRock's climate change investing shift: 'Tesla is the ultimate Larry Fink stock'
BlackRock CEO Larry Fink's warning about risks from climate change on investments makes a company like electric auto maker Tesla quite attractive, CNBC's Jim Cramer said Tuesday. And more importantly, through that is to provide them with an investment portfolio that will outperform." Tesla is the ultimate Larry Fink stock," said Cramer on "Squawk Box." BlackRock is among the biggest institutional owner's of Tesla stock, with about 4.6 million shares in its funds. The host of "Mad Money" came out as a Tesla bull last week, and said Monday, "I love sitting in a Tesla."cnbc.com
Opioid overdose deaths 85% higher in areas with auto plant closures, study finds
Within five years of closures, opioid overdose deaths in the areas with plant closures were 85% higher than in counties without closures, according to the researchers. They added that the counties originally all had similar baseline opioid overdose numbers. "These findings highlight the potential importance of eroding economic opportunity as a factor in the U.S. opioid overdose crisis," the authors wrote in the research note. Nearly 400,000 people died from an opioid overdose from 1999 to 2017, according to the Centers for Disease Control and Prevention. Some automakers recognized the risk of opioid addiction following plant closures and have provided additional resources for employees.cnbc.com
US Jobs Report November 2019: 266,000 payrolls added, 3.5% unemployment
The jobs growth was the best since January's 312,000 and well clear of the November 2018 total of 196,000. Economists surveyed by Dow Jones had been looking for solid job growth of 187,000 and saw the unemployment rate holding steady from October's 3.6%. The jobs market turned in a stellar performance in November, with nonfarm payrolls surging by 266,000 and the unemployment rate falling to 3.5%, according to Labor Department numbers released Friday. "The unemployment rate is at a 50-year low and wages are increasing. The unemployment rate of 3.5%, down from 3.6% in October, is back to the 2019 low and matches the lowest jobless rate since 1969.cnbc.com
GM selling shuttered Ohio factory to electric truck maker
The closing of the once-bustling factory that last made the Chevrolet Cruz came into the political spotlight last November after Trump criticized the plan and pushed GM executives to either reopen or sell the plant, at one point threatening to cut off all federal subsidies to GM.chicagotribune.com
UAW union president takes leave of absence as corruption probe expands
Jones requested the leave of absence following a vote by the executive board, the UAW said Saturday in a statement. I want to do what's best for the members of this great union," Jones said in the statement. Nine people have pleaded guilty in the scandal, including former union officials, the widow of one union official, and employees at Fiat Chrysler who dealt with the union. A top union official, Vance Pearson, was the first active union official to be indicted earlier this year. The deal needs to be ratified by the 55,000 union members at Ford before it can go into effect.
The US added 128,000 jobs in October, topping dour forecasts
US employers added 128,000 jobs in October, the Bureau of Labor Statistics said in its monthly jobs report. Overall, the report was far stronger than expected, beating economists' forecasts for a gain in 89,000 jobs. While the October report did show that US manufacturers lost 36,000 jobs last month, BLS Commissioner William Beach noted the decline largely reflected strike activity. Another bright spot came from strong revisions to prior data, which showed an extra 95,000 jobs were added in August and September combined. Although the report was strong, hiring has slowed down in 2019 compared with 2018, averaging just 167,000 jobs per month versus 223,000 last year.
UAW members remain faithful to their negotiators
UAW strikers say they will continue to hold out until their leaders say a deal with GM is good enough. GM made its most recent offer on Monday, and then the UAW countered that offer on Friday. Regardless, picketers say it's not good enough until their UAW leaders say it is. "Generally, if it's leaked, the corporations put it out there to cause issues between the members and UAW. As for a comment from the UAW on the details of GM's offer, UAW leaders say there has been no official communications about content of offers, and leaking may be attributed to people trying to stir the pot.
Three before you leave What to watch for in the market Friday
An auto worker places the mileage sticker onto a 2015 Chevrolet Malibu at GM's Fairfax assembly plant in Kansas City, Kansas May 4, 2015. Here are the most important things to know about Friday before you hit the door. The government's monthly update to the employment situation will dominate investor sentiment on Friday as Wall Street pores over the latest insights into the U.S. job market. While some economists said that Wall Street's angst over the week's data appears overblown, others said it's important to contextualize any single economic figure. Slowing economy fears have knocked stocks this week with the S&P 500 down 1.7%.cnbc.com
Banksy painting depicting primates in British Parliament fetches $12.2 million at auction
A gallery assistant poses with an artwork entitled 'Devolved Parliament' by British artist Banksy, during a press view in London on September 27, 2019, ahead of Sotheby's contemporary art sale, as part of the Frieze Art Fair. A Banksy painting depicting primates conducting business as usual in British Parliament fetched a whopping 9.88 million Euros at an auction Thursday, or about $12.2 million. The painting, entitled "Devolved Parliament," sold for almost nine times its previous price after a 13-minute bidding war, Sotheby's auction house announced in a tweet. The Banksy work was originally displayed in 2009 and called "Question Time," but the "Devolved Parliament" item sold Thursday has some differences with the earlier version, according to the New York Times. In a statement to the Times, Sotheby's confirmed that the work being sold was the "Question Time" original, but "the painting has been reworked by the artist and more recently retitled."cnbc.com
United Auto Workers' GM strike reaches day 5, pain is spreading
Justin Sullivan/Getty Images(CNN) - The United Auto Workers union strike against GM showed no signs of a quick conclusion as its impact on other plants and workers continues to spread. As the strike entered its fifth day, many are laying off workers who build those parts and other supplies for GM. Supplier Nexteer Automotive, which makes steering systems, told the Detroit Free Press that it was forced to temporarily lay off workers due the the GM strike. Nearly 50,000 hourly workers at GM have been on strike since early Monday, and it appears they'll stay out for at least the next few days. The union and company are also split on GM's use of temporary hourly workers, as well as about wages and benefits.
Family: GM never apologized for 2003 ignition switch death
When Jean P. Averill died in a car crash in 2003, her family didn't know what had caused it. It wasn't until 11 years later that the family learned a faulty ignition switch played a role in the crash. The Averill family received an offer under GM's compensation fund but says it's not enough punishment for the company. Jeff Glor reports.cbsnews.com