Hyundai Motor and Kia Corp. agreed to a consumer class-action lawsuit settlement worth $200 million over rampant car thefts of the Korean automakers’ vehicles, lawyers for the owners and the automakers said on Thursday. In February, the…
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Business
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Target is recalling five million scented candles because their glass encasings could break, posing a safety hazard. According to a statement on the Consumer Product Safety Commission’s website, the affected Threshold Glass Jar Candles can…
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Business
Couples 55 and older will be able to contribute more than $10,000 to health savings accounts
Older U.S. couples will be able contribute more than $10,000 annually toward tax-free health savings accounts. Under guidance the IRS announced Tuesday that goes into effect next year, individuals can contribute as much as $4,150…
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Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state’s governor. Citing “changing business conditions” and the return of CEO Bob Iger, Josh D’Amaro, chairman…
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Disney has abandoned plans to open up a new employee campus in Lake Nona, Florida, amid rising tensions with the state’s governor. Citing “changing business conditions” and the return of CEO Bob Iger, Josh D’Amaro, chairman…
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Business
Target wrestles with pullback in spending and theft that may cost it more than $1B this year
Target on Wednesday reported another quarterly profit decline and issued a cautious sales and profit outlook for the current period. The Minneapolis company is dealing with rising costs, which includes rising theft as a big…
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Wells Fargo & Co. has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers. U.S. District…
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Declaring a mission to liberate “Taco Tuesday” for all, Taco Bell is asking U.S. regulators to force Wyoming-based Taco John’s to abandon its longstanding claim to the trademark. Too many businesses and others refer to…
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Business
More than 200,000 Jeep Cherokee SUVs recalled because they can catch fire when engine is off
DETROIT — Stellantis is telling owners of nearly 220,000 Jeep Cherokee SUVs worldwide to park them outdoors and away from other vehicles because the power liftgates can catch fire even when the engines are off.…
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Business
Hundreds of U2 fans didn’t know the seats they were buying for Las Vegas residency had limited views
Hundreds of people who bought tickets for U2’s Las Vegas residency are being offered refunds after learning their seats had obstructed views of the event venue’s screen. Show organizers realized during a production review that…