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Author: Nathan Bomey, USA TODAY

Money

General Electric offers pension buyouts, freezes benefits to reduce debt

October 7, 2019October 7, 2019Nathan Bomey, USA TODAYComments Off on General Electric offers pension buyouts, freezes benefits to reduce debt

General Electric is offering buyouts to about 100,000 pensioners and freezing the retiree payments for about 20,700 salaried pensioners.

Money

FTC orders Juul, R.J. Reynolds, other vaping companies to provide key documents

October 3, 2019Nathan Bomey, USA TODAYComments Off on FTC orders Juul, R.J. Reynolds, other vaping companies to provide key documents

The Federal Trade Commission on Thursday ordered six vaping companies to turn over documents detailing their business practices and performance.

Money

Car brands are thinking bigger: Here are their 5 hottest-selling vehicles.

October 2, 2019Nathan Bomey, USA TODAYComments Off on Car brands are thinking bigger: Here are their 5 hottest-selling vehicles.

Kia, Ford and Volkswagen are among the automakers that made USA TODAY’s list of the hottest-selling vehicle of the third quarter.

Money

Gannett, New Media Investment Group shareholders set to vote on deal

September 30, 2019Nathan Bomey, USA TODAYComments Off on Gannett, New Media Investment Group shareholders set to vote on deal

The shareholders of Gannett and the USA TODAY owner’s proposed acquirer, New Media Investment Group, will vote in November on the tie-up.

Money

Forever 21 files for Chapter 11 bankruptcy protection, may close up to 178 US stores

September 29, 2019Nathan Bomey, USA TODAYComments Off on Forever 21 files for Chapter 11 bankruptcy protection, may close up to 178 US stores

Fashion retailer Forever 21 filed for Chapter 11 bankruptcy protection, hobbled by expensive leases and declining mall traffic.

Money

Tesla owners test new feature enabling self-driving capability in private parking lots

September 29, 2019September 29, 2019Nathan Bomey, USA TODAYComments Off on Tesla owners test new feature enabling self-driving capability in private parking lots

Tesla owners have flooded social media with videos depicting their vehicles driving themselves in private parking lots.

Money

Your next Toyota could be a Subaru (and the other way around)

September 27, 2019Nathan Bomey, USA TODAYComments Off on Your next Toyota could be a Subaru (and the other way around)

Toyota and Subaru will work together as they aim for a future dominated by electric cars and self-driving technology.

Money

Cars have a problem: They last longer, and that means the insides get grubby and outmoded

September 27, 2019September 27, 2019Nathan Bomey, USA TODAYComments Off on Cars have a problem: They last longer, and that means the insides get grubby and outmoded

Cars are lasting longer than ever. Sounds good, right? It’s actually a problem, and automakers are scrambling to respond.

Money

SmileDirectClub: ‘Consumer sentiment is on our side’ despite rough IPO debut

September 15, 2019Nathan Bomey, USA TODAYComments Off on SmileDirectClub: ‘Consumer sentiment is on our side’ despite rough IPO debut

SmileDirectClub’s initial public offering got a tepid response, but co-founder Alex Fenkell and CFO Kyle Wailes say prospects are strong.

Money

Risky intersections: 10 crossroads where the highest numbers of cars run red lights

September 11, 2019Nathan Bomey, USA TODAYComments Off on Risky intersections: 10 crossroads where the highest numbers of cars run red lights

Growing awareness of the dangers of red-light running is casting a spotlight on these intersections in America.

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Kia recalls nearly 320,000 cars because the trunk may not open from the inside

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PCE inflation report: Key measure ticks higher in July. What will the Fed do?

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