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Boeing will cut more jobs as it continues to lose money and revenue during a pandemic that has smothered demand for new airline planes. The company said Wednesday that it expects to cut its workforce to about 130,000 employees by the end of next year, down 30,000 from the start of this year. That is far deeper than the 19,000 reductions that the company announced three months ago."The global pandemic continued to add pressure to our business this quarter, and we're aligning to this new reality by closely managing our liquidity and transforming our enterprise to be sharper, more resilient, and more sustainable for the long term," said Boeing President and Chief Executive Officer Dave Calhoun in a news release.Boeing is updating its plans for jobs on the same day it's reporting a 9 million loss for the third quarter, a swing from the .17 billion it earned in the same period last year. Calhoun added that revenue in the third quarter for commercial airplanes was decreased to .6 billion due to COVID-19 lowering delivery volume.According to CNN, Boeing's shares dropped about 2% on Wednesday.The loss was narrower than analysts expected, however. Revenue tumbled 29% to .14 billion. 1210
BEECH GROVE, Ind. — A man has been arrested after he recorded himself dumping a bag of flour onto the head of a 68-year-old woman at a Beech Grove, Indiana Walmart on Wednesday. An off-duty IMPD officer working at the Walmart on Emerson Avenue just after 10 a.m. when he was informed of the incident. The 68-year-old woman was shopping in the store when a man she didn't know snuck up behind her and dumped an entire bag of flour on her head. The suspect, Phillip Weaver, 22, recorded the incident on Facebook Live and shared it on his social media page. Weaver was arrested Thursday afternoon. He's been preliminarily charged with battery, theft, theft of a firearm and criminal mischief in reference to that incident. Final charges will be determined by the Marion County Prosecutor's office. The incident remains under investigation. A quick view at Weaver's social media pages shows that he regularly records himself doing what he calls "pranks" to other people in public places and shares them with his followers. Some people commenting on this posts find his "pranks" funny, but others have called him out for what he has done.WRTV has chosen not to share these posts or pranks because of the nature of the content and to protect the victims involved. 1302
Billions in business pass back and forth between the United States and Mexico. A new trade agreement to manage that trade kicks in this week. “You know, we were doing anywhere between 30 and 30 plus billion dollars worth of cross border trade here in the last five, six, seven years, I think that that number is only poised to increase," Jaime Chamberlain told KGUN. Chamberlain owns Chamberlain Distributing, a packing house that brings tons of produce from Mexico and he chairs the port authority for Santa Cruz County, Arizona. The USMCA, the US, Mexico, Canada Agreement that officially kicks in this week replaces NAFTA, the North American Free Trade Agreement and does things like modernizing record keeping for the digital age.Chamberlain says cross border trade does not mean U.S. jobs going to Mexico. He says, It’s a two-way highway that helps both sides.“There's a tremendous amount of American products going into Mexico. In fact, the majority of the raw products going into make a lot of the products coming out of Mexico especially out of the Maquila industry are American based companies that are supplying that raw product into Mexico.”Josh Rubin’s company Javid LLC/Javid De Mexico operates many of those Maquilas--factories U.S. companies operate in Mexico. He says, “I represent 27 different facilities over 3500 employees here in Nogales, Mexico, for our customers.”Customs charges are based on where a product is made. Rubin says one of the challenges under USMCA is defining country of origins when the parts come from all over the world.He holds up a pen as an example as says, “The metal from the pen might come from one country or from one location, the spring might come from another location, the plastic around the pen might come from somewhere else that he might come from somewhere else.”Rubin says some companies may feel they’re better off just paying ordinary customs duties and avoid record keeping and other requirements of USMCA, especially if they make small items that result in small customs fees.There is an element of wait and see for some companies especially as US Customs and Border Protection works out exactly how it will enforce the new trade rules.This story originally reported by Craig Smith on KGUN9.com. 2263
BEMIDJI, Minn. (AP) - Minnesota health officials say nine people who attended a Sept. 18 rally with President Donald Trump in the northern city of Bemidji later tested positive for the coronavirus.The Department of Health said Friday that two more cases were associated with a counter-protest nearby.Trump has visited Minnesota frequently this cycle in hopes of becoming the first Republican to win there since Richard Nixon in 1972.At his airport stop in Bemidji, about 200 miles (320 kilometers) north of Minneapolis, there was little sign of social distancing among the thousands of attendees, and many went without face masks.Health officials aren’t saying definitively that people contracted the virus at Trump’s rally.But health spokesperson Doug Schultz said the rally and a wedding the following day were “likely drivers” of increases in COVID-19 in Beltrami County in September.Trump himself tested positive for the coronavirus on Oct. 1.He was airlifted to Walter Reed Medical Center in Maryland last Friday and then discharged on Monday.In September, the Minnesota Health Department confirmed to E.W. Scripps that a biker from Minnesota, who had COVID-19 and attended the Sturgis Motorcycle Rally in South Dakota, died. 1238
BOSTON (AP) — “Full House” star Lori Loughlin will be sentenced to two months in prison after a judge accepted her plea deal with prosecutors for paying 0,000 in bribes to cheat the college admissions process.Her husband, fashion designer Mossimo Giannulli, was sentenced earlier Friday to five months behind bars for his role in the college admissions bribery scheme.They pleaded guilty in May to paying half a million dollars to get their two daughters into the University of Southern California as crew recruits even though neither is a rower.Giannulli told the judge he takes full responsibility for his conduct and regrets the harm it is caused his family.Giannulli and Loughlin were among dozens of people arrested last year in the case dubbed “Operation Varsity Blues.” 787