News

Canada’s Gildan Activewear is buying HanesBrands for $2.2 billion

Gildan Activewear is buying the struggling HanesBrands for $2.2 billion in a deal that gives the basic apparel maker access ...

Southern California wages up 4.1%, smallest raise in nearly 5 years

Nationally, wages rose at a 3.5% annual rate in the second quarter. Southern California raises have topped national gains in ...

GE Appliances shifts more production to US as part of a $3 billion investment

LOUISVILLE, Ky. (AP) — GE Appliances plans to shift production of refrigerators, gas ranges and water heaters out of China and Mexico as part of a more than $3 billion investment to expand its U.S.

FEMA abruptly disbands youth advisory council, but students say their climate advocacy won’t stop

On Jan. 16, the young people were told by email that a culminating summit in the nation’s capital this summer was canceled. By February, the students stopped hearing from their advisers. Meetings ...

McDonald’s Japan’s Pokemon card Happy Meals promotion comes to an unhappy end

TOKYO (AP) — Fast-food chain McDonald’s Japan has canceled a Happy Meal campaign that came with coveted Pokemon cards, apologizing after resellers rushed to buy the meals and then discarded the food, ...

Homeowners turn to cash-out refinancing to take advantage of big gains in home equity

The average cash-out refinance in the second quarter resulted in the homeowner pulling $94,000 in home equity, increasing their monthly payment by $590. On average, they also raised the interest rate ...