Category: Companies

New Crew From US, Russia and UAE Arrives at Space Station

CAPE CANAVERAL, Fla.—A new crew arrived at the International Space Station on Friday for a six-month mission, after overcoming trouble with one of the capsule’s docking hooks. The SpaceX capsule and its four astronauts had to wait 65 feet (20 meters) from the orbiting lab, as flight controllers in California scrambled to come up with…


TikTok Sets 60-Minute Screen Time Limit for Minors

Social media app TikTok, popular among teens, has announced that it will soon limit screen time to 60 minutes a day for any user under the age of 18 in an effort to curb young people’s time on the platform. According to a statement on March 1, “every account” on the short-form video app belonging to a…


Global Stocks Follow Wall Street Higher on Interest Rate Hopes

BEIJING—Global stock markets advanced Friday after a Federal Reserve official raised hopes the U.S. central bank might not step up its anti-inflation fight as much as feared. London, Shanghai, Frankfurt, and Tokyo gained. Oil prices edged higher. Wall Street rose Thursday for the first time in three days after the president of the Federal Reserve…


Ford to Restart F-150 Lightning Production on March 13

WASHINGTON—Ford Motor Co. said Thursday it will restart production of its F-150 Lightning on March 13 after it halted output of the electric truck after a battery fire in early February. Ford has not set a date for resuming deliveries. The U.S. automaker said as it “ramps up production, we will continue holding already-produced vehicles…


Western Union to Open Money Transfers to Cuba From All 50 US States

Western Union will vastly expand a U.S. pilot program for money transfers to Cuba, it said on Thursday, opening retail locations across the 50 states and allowing for digital service through its website and mobile app. The company, among the globe’s top providers of such services, first resumed transfers on a limited basis to the…


Kroger’s Upbeat Annual Profit View Surprises Wall Street

Kroger Co. on Thursday reported bumper quarterly results and forecast annual profit above Wall Street estimates, as the U.S. grocer bets on higher food prices and embarks on cost-cutting measures across its digital business and supply chain. The supermarket chain’s shares rose 3 percent as the outlook took Wall Street by surprise, after a string…


GE Plans to Invest Over $450 Million to Upgrade US Manufacturing in 2023

General Electric said on Thursday it plans to invest more than $450 million in its existing manufacturing facilities in the United States this year and hire more than 1,700 employees, in a bid to bolster its aerospace and energy businesses. The move comes as the Boston-based conglomerate is wrestling with inflationary and supply-chain pressures, and…


Walmart to Nearly Double Its Health Center Locations in 2024

NEW YORK—Walmart Inc. said on Thursday it would open 28 new healthcare centers in the United States next year, including its first ones in Missouri and Arizona. By the end of 2024, the nation’s largest retailer by revenue will have more than 75 Walmart Health centers across the United States, it said in a statement….


Major Australian Bank Hurting Communities with Branch Closures

One of Australia’s largest commercial banks has admitted that its decision to close branches in regional and rural areas has adversely affected local communities. During a Senate inquiry into regional and rural bank closures on March 2, Westpac bank’s chief customer engagement officer Ross Miller said the bank was aware that some of its customers…


Qantas Plans Full Throttle Expansion

Australia’s largest domestic and international airline will hire more than 30,000 frontline workers over the next 10 years, purchase state-of-the-art aircraft and establish a new academy. The hiring spree is considered Qantas’ most significant move to fill in the gaps after it slashed thousands of jobs during the pandemic. The major Australian airline on March…