Business

WASHINGTON (AP) — Millions of Social Security recipients will get a 2.5% cost-of-living increase to their monthly checks beginning in January, the Social Security Administration announced Thursday. The cost-of-living adjustment, or COLA, for retirees translates to an average increase of more than $50 for retirees every month, agency officials said.

Third-quarter earnings fell 26% at Delta Air Lines, which struggled to overcome a global technology outage that led to thousands of flight cancellations, and indications that growth in air travel is beginning to slow.

SAVANNAH, Ga. (AP) — Hyundai has begun producing electric SUVs in Georgia less than two years after breaking ground on its sprawling, $7.6 billion manufacturing plant west of Savannah. Hyundai's factory in Georgia held an “employee-focused celebration” Thursday as its first EV for commercial sale rolled off the assembly line, Bianca Johnson, spokesperson for Hyundai Motor Group Metaplant America, said in a statement provided Monday to The Associated Press.

LAS VEGAS (AP) — Federal authorities said Sunday that they are investigating the emergency landing of a Frontier Airlines plane in Las Vegas.

FREETOWN, Sierra Leone (AP) — Companies that bring solar power to some of the poorest homes in Central and West Africa are said to be among the fastest growing on a continent whose governments have long struggled to address some of the world's worst infrastructure.

DETROIT (AP) — The union representing 45,000 striking U.S. dockworkers at East and Gulf coast ports has reached a deal to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract.

PHILADELPHIA (AP) — From Maine to Texas, dockworkers at 36 ports across the eastern U.S. are now on strike for the first time in decades. And the work stoppage could snarl supply chains — leading to shortages and higher prices if it stretches on for more than a few weeks.

NEW YORK (AP) — With a strike deadline looming, the union for 45,000 dockworkers and the group representing East and Gulf Coast ports have exchanged wage offers, leaving a ray of hope that a deal can be reached without a major work stoppage.

With a dockworkers' strike threatening to close ports on the East and Gulf coasts beginning this week, Chris Butler is growing worried. Butler is CEO of the National Tree Company, and, like many businesses, his is counting on shipments that are en route from Asia but won't reach their ports before an expected strike by longshoremen starting at 12:01 a.m. Eastern time Tuesday.

DirecTV is buying Dish and Sling, a deal it has sought to complete for years, as the company seeks to better compete against streaming services that have become dominant. DirecTV said Monday that it will acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that includes a payment of $1, plus the assumption of debt.

Already the longest-lived of the 45 men to serve as U.S. president, Jimmy Carter is about to reach the century mark.

DETROIT (AP) — With a strike deadline looming, the group representing East and Gulf Coast ports is asking a federal agency to make the Longshoremen's union come to the bargaining table to negotiate a new contract.

NEW YORK (AP) — The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars.

NEW YORK (AP) — Attention, Kmart shoppers, the end is near! The erstwhile retail giant renowned for its Blue Light Specials — featuring a flashing blue orb affixed to a pole enticing shoppers to a flash sale — is shuttering its last full-scale store in the mainland United States.

Boeing said Monday it made a “best and final offer” to striking machinists that includes bigger raises and larger bonuses, but the workers' union said the proposal isn't good enough and there won't be a ratification vote before Boeing's deadline at the end of the week.

PORTLAND, Maine (AP) — Fall is back, and bringing with it jack-o'-lanterns, football, pumpkin spice everything and — in some parts of the country — especially vibrant foliage.

Tupperware files for Chapter 11

NEW YORK (AP) — The company behind Tupperware, the plastic kitchenware that revolutionized food storage after World War II and became inextricably linked to the parties where women seeking a measure of financial independence and fun in midcentury America sold the colorful products, has filed for bankruptcy.

WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by a half-point.

SEATTLE (AP) — Boeing plans to freeze hiring and reduce travel and is considering temporary layoffs to save cash during a factory workers’ strike that began last week, the company told employees Monday. The company said the moves, which include reduced spending on suppliers, were necessary because “our business is in a difficult period.”

SEATTLE (AP) — Blue-collar workers from Boeing walked picket lines in the Pacific Northwest instead of building airplanes on Friday after they overwhelmingly rejected a proposed contract that would have raised their wages by 25% over four years.

SEATTLE (AP) — Aircraft assembly workers walked off the job early Friday at Boeing factories near Seattle and elsewhere after union members voted overwhelmingly to go on strike and reject a tentative contract that would have increased wages by 25% over four years.

ATHENS, Ga. (AP) — The Postal Service’s new delivery vehicles aren’t going to win a beauty contest. They're tall and ungainly. The windshields are vast. Their hoods resemble a duck bill. Their bumpers are enormous. “You can tell that (the designers) didn’t have appearance in mind,” postal worker Avis Stonum said.

Boeing is preparing to learn Thursday whether 33,000 aircraft assembly workers, most of them in the Seattle area, are going on strike and shutting down production of the company's best-selling planes.

Norfolk Southern said Wednesday it has fired CEO Alan Shaw for having an inappropriate relationship with a subordinate. His ouster comes after two difficult years in the top job and just days after the company’s board announced it was investigating him for alleged ethical lapses.

NEW YORK (AP) — Campbell is ready to drop the soup — at least from its official name. Campbell Soup Co. announced its intention to change its name at an annual meeting of investors on Tuesday. The 155-year-old food seller, which is most famous for its namesake canned soups, says it would now like to be known as Campbell's Co.

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