vehicles that are prone to theft. WASHINGTON, March 20 (Reuters) – A group of 22 U.S.
state attorneys general on Monday blasted Hyundai Motor and Kia Corp and said they need do more to address problems with millions of U.S.
TAIPEI, March 23 (Reuters) – Taiwan Foreign Minister Joseph Wu said on Thursday that President Tsai Ing-wen’s meeting with U.S.
House Speaker Kevin McCarthy in the United States is still in the process of being arranged.
‘We recently adjusted staffing levels to better prepare for the future needs of customers,’ Walmart said in a statement, adding that it would work closely with affected associates to find jobs at other locations.
The attorneys general letter said the automakers had failed to take adequate steps to address the alarming rate of theft and urged them to accelerate the implementation of the software upgrade and provide free alternative protective measures for owners whose cars cannot support the software upgrade.
Earlier this month, Minnesota Attorney General Keith Ellison said he had launched a civil investigation into Kia and Hyundai´s sale of vehicles to Minnesota consumers that lacked industry-standard, anti-theft technology and sought documents and answer questions under oath.
The spokesperson said impacted workers would be paid for 90 days to find jobs at other facilities, including those in Joliet, Illinois, and Lancaster, Texas, where the company has opened up new high-tech e-commerce distribution centers.
2011 through 2022 model year vehicles. The free upgrade will be offered for 3.8 million Hyundai and 4.5 million Kia vehicles, the automakers and NHTSA said.
Hyundai said the upgrade applies to various U.S.
March 27 (Reuters) – European stocks climbed on Monday, as a sense of calm returned to markets following a week of turbulence over concerns about banking sector stability after the collapse of Credit Suisse and two U.S.
SVB and Credit Suisse put banks under a microscope on the impact that higher rates would have on certain credits,” said Victor Balfour, investment strategist at Rothschild & Co. “Banks have been under an immense amount of pressure.
March 27 (Reuters) – UK equities surged on Monday, helped by a gain in bank stocks on renewed hopes that the turmoil in the sector will be contained following the buyout of Silicon Valley Bank, while Standard Chartered jumped after agreeing to sell its Jordanian business.
“Gold is set to shine through the market chaos with expectations around the Fed cutting rates in 2023, fuelling upside gains,” Otunuga said, adding that a potent fundamental spark is needed to conquer the $2,000 psychological level and the March 2022 peak to hit a record high.
Toshiba’s board, which includes representatives from Paul Singer’s Elliott Management and Farallon Capital Management, formally accepted JIP’s offer of 4,620 yen a share, Toshiba said in a statement on Thursday, valuing it at 2 trillion yen ($15.2 billion).
Concordia Financial Group Ltd was Nikkei’s worst-performing financial stock, losing 1.68%. Chiba Bank Ltd lost 1.2% and Shizuoka Financial Group Inc declined 1.06%. Sumitomo Mitsui Financial Group Inc fell 1.01%.
The Fed on Wednesday raised interest rates by 25 basis points, as expected, but took a cautious stance on the outlook because of banking sector turmoil even as Fed Chair Jerome Powell kept the door open on further rate rises if necessary.
On a post-earnings call in February, Walmart CEO Doug McMillon said he was ‘most excited about the automation opportunity we have’ with plans to increase investments in automation technology as part of its more than $15-billion capital expenditure budget this year.
About 200 workers at Pedricktown, New Jersey, and hundreds of others at Fort Worth, Texas; Chino, California; Davenport, Florida; and Bethlehem, Pennsylvania were let go due to a reduction or elimination in evening and weekend shifts, the spokesperson said.
March 27 (Reuters) – European stocks rallied in early deals on Monday, as calm descended on markets following a turbulent week for banking shares that was fuelled by worries about stability in the sector after the collapse of Credit Suisse and Silicon Valley Bank.
Walmart has been investing heavily in automation over the past few years, partnering with automation companies such as Knapp to help it cut down the number of steps it takes employees to process e-commerce orders to five from 12, which has been implemented at its Pedricktown, New Jersey location, for instance.