Your next vehicle might cost more. Here's why
LIVONIA, Mich. — When automakers resumed production of vehicles following the initial shutdown amid the novel coronavirus pandemic, they revved up generous incentives for buyers akin to those seen during previous downturns in anticipation of a major slowdown.But just a few months later, average transaction prices are reaching record figures. That comes despite third-quarter unemployment averaging 8.8% and consumer sentiment falling to levels not seen since 2011 just after the Great Recession. Dealers say it’s a challenge staying stocked as the plants seek to catch up on production following th...
The Detroit News
Tropical Storm Zeta cuts through Southeast US, leaving 2.2 million in dark; 2nd system pops up with high odds in Atlantic
ORLANDO, Fla. – Tropical Storm Zeta cut powerlines throughout the southeast United States and leaving millions in the dark Thursday morning, while the National Hurricane Center identified a new system in the south Atlantic.First, about 2.2 million customers in eight states are in the dark due to Zeta, according to Poweroutage.US.The tropical storm had its maximum sustained winds drop 60 mph hours after making landfall in Louisiana Wednesday afternoon, according to the NHC’s 8 a.m. update. Zeta is 50 miles west of Ashville, North Carolina and is moving at a fast pace of 39 mph. Its tropical-sto...
Comcast's third-quarter revenue falls as coronavirus harms theme parks, movie studios
PHILADELPHIA — The coronavirus battered Comcast Corp.’s theme parks and film studios, driving down revenue 4.8% in the third quarter even as the company signed up a record number of broadband customers.The Philadelphia cable giant said Thursday that revenue dropped 4.8% from $26.8 billion to $25.5 billion for the quarter ending Sept. 30. Net profit was $2 billion, or 44 cents per share, a 37.2% decline from the $3.2 billion last year.Still, Comcast’s earnings beat Wall Street expectations. The company’s shares were up 1.6% to $42.66 in pre-market trading as of 8 a.m.Comcast’s entertainment uni...
The Philadelphia Inquirer
McDonald's hit with new lawsuit alleging racial discrimination against Black franchisees
CHICAGO — McDonald’s faces another federal lawsuit alleging that the company discriminated against Black franchisees — and this time the allegations are coming from current operators, who are seeking to make the complaint a class action.The complaint against the Chicago-based fast food giant, filed Thursday in U.S. District Court for the Northern District of Illinois, names as plaintiffs two brothers who own McDonald’s franchises in Tennessee. James Byrd, a franchisee for 31 years, operates two restaurants and Darrell Byrd, a franchisee for 22 years, operates another two.Their allegations are ...
21 arrested by Border Patrol after boat comes ashore near San Diego
IMPERIAL BEACH, Calif. — Border Patrol agents arrested 21 people in Imperial Beach after a smuggling boat came ashore early Monday morning, officials said.The panga was spotted around 3:30 a.m. at the south end of Seacoast Drive and a group of people got off and ran. Agents quickly located 13 people near the intersection of Seacoast and Encanto Avenue.More agents responded and found eight additional people near Seacoast and Cortez Avenue.The group included 14 men from Mexico, six woman from Mexico and one woman from Guatamala. All 21 were taken to a Border Patrol station for processing. Two of...
The San Diego Union-Tribune
Hurricane Zeta gains strength as it jogs toward storm beaten Louisiana
Hurricane Zeta continued to strengthen its blustery winds Wednesday morning as it stewed in the Gulf of Mexico with it forecast to make landfall somewhere along Louisiana’s coastline, where four other storms have already made landfall this year.Zeta’s maximum sustained winds increased to 90 mph, according to the National Hurricane Center’s 8 a.m. update. The Category 1 hurricane is 265 miles southwest of the mouth of the Mississippi River and is moving north at 17 mph. Its hurricane-force winds extend outward up to 35 miles from its center and tropical-storm-force winds reach up to 150 miles.H...
NJ nursing homes for veterans face federal investigation of COVID-19 deaths
The U.S. Justice Department has launched an investigation into alleged negligence and poor quality care at New Jersey’s veterans homes, where the number of coronavirus deaths was largely underreported, officials said Wednesday.In a letter to New Jersey Gov. Phil Murphy, federal authorities said the agency is looking into whether the civil rights of veteran residents have been violated because of “inadequate medical care generally, and during the coronavirus pandemic in particular.”The investigation will also examine why the number of coronavirus deaths were understated, particularly in nursing...
New York Daily News
UPS 3Q financial results soar ahead of holiday shipping surge
ATLANTA — UPS reported revenue and profit soared in the third quarter as the shipping giant gears up for a holiday surge.The Sandy Springs-based company has already seen demand for package deliveries rise as more consumers shop online amid the COVID-19 pandemic. Adding the rush of holiday shopping on top of that is expected to create an even bigger challenge for UPS and its competitors in the period leading up to Christmas.UPS posted $21.24 billion in revenue in the three months ended Sept. 30, up 16% from a year earlier, as U.S. domestic average daily volume increased 14%. The shipper also ci...
The Atlanta Journal-Constitution
Michigan man accused in plot to kidnap Whitmer seeks get-out-of-jail card
DETROIT — A Waterford man accused of plotting to kidnap Gov. Gretchen Whitmer tried Wednesday to get out of jail on bond, arguing the alleged conspiracy was absurd and that there was no imminent threat to public officials.Kaleb Franks, 26, known as “Red Hot,” made the request two weeks after being ordered held without bond alongside four other accused co-conspirators who an FBI agent testified plotted to kidnap Whitmer and put her on trial for treason.The bond request comes three weeks after prosecutors said the FBI had thwarted a plot to violently overthrow the government as well as kidnap an...
The Detroit News
Ford Motor Co. reports $2.4 billion net income in third quarter
DETROIT — Ford Motor Co., fresh with new leadership and touting an upcoming lineup of hot new vehicles, reported a $2.4 billion net income Wednesday for the third quarter of the year, an improvement of $2.0 billion from the same quarter last year.Ford reported that earnings in the quarter before interest and taxes — adjusted EBIT — was $3.6 billion, up from the $1.8 billion reported for the same period in 2019 and $1.7 billion a year earlier. EBIT does not include restructuring and other charges.“We plan to compete like a challenger,” CFO John Lawler said on a media call.From the factory floor...
Detroit Free Press