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Ford is cutting 7,000 white-collar jobs, or about 10% of its salaried staff worldwide, as part of a cost-cutting effort it says will save the company about 0 million a year.Ford says workers will begin to be notified of cuts starting Tuesday, and the terminations will be completed by the end of August. About 2,400 of the jobs cuts are in North America, and 1,500 of the positions were eliminated through a voluntary buyout offer.The move is an effort to cut bureaucracy within the company and flatten the management structure in addition to its desire to cut costs, according to a letter CEO Jim Hackett sent to employees Monday morning.Ford's layoffs are similar to 684

For the second time in less than six months, a brand-new Boeing aircraft has crashed just minutes into a flight.All 157 people on board the Ethiopian Airlines flight from Addis Ababa that crashed on Sunday morning have died, the airline has confirmed.The tragedy follows the Lion Air flight that went down over the Java Sea in late October, killing all 189 people on board.There is no suggestion yet as to what caused the latest disaster, and no evidence that the two incidents are linked in causality.What is known, however, is that both flights took place on the Boeing 737 MAX 8 -- a new model recently unveiled to great fanfare by the US aviation giant, that saw its first flight less than two years ago."It's highly suspicious," said Mary Schiavo, a CNN aviation analyst and the former Inspector General of the U.S. Transportation Department. "Here we have a brand-new aircraft that's gone down twice in a year. That rings alarm bells in the aviation industry, because that just doesn't happen."Adding to concerns are some similarities between the two flights. Both were operated by well-known airlines with strong safety records -- but the Lion Air flight went down 13 minutes after take off, while Sunday's Ethiopian Airlines flight crashed just six minutes into its journey.And while the Ethiopian Airlines did not see the wild fluctuations in altitude that the Lion Air flight saw, it did dip and then regain altitude before it crashed."The similarities with Lion Air are too great not to be concerned," Schiavo said.Data from flight recorders awaitedAt the root of October's Lion Air crash was a new safety system installed in the MAX 8 plane, known as the Maneuvering Characteristics Augmentation System (MCAS), that automatically pulls the plane's nose down if data suggests it is at risk.In that flight, the system was responding to faulty data that suggested the nose was tilted at a higher angle than it was, indicating the plane was at risk of stalling.The pilots subsequently engaged in a futile tug-of-war with the plane's automatic systems, trying to reverse a nosedive that should not be triggered so soon after takeoff. Boeing has argued that pilots should have identified the system was in operation, and turned it off."All pilots should have been trained on that function after Lion Air," Schiavo added. "Boeing did something very unusual for any manufacturer -- it sent out an emergency bulletin and told all airlines to make sure they trained the pilots in the shut-off procedure.""This is one of the things that should never be happening after takeoff," Schiavo said.It is too early for conclusions to be drawn as to whether the same issue occurred on the Ethiopian Airlines flight -- but a clue could come sooner rather than later."We will not get a final determination for two or three years, but we will get information from the flight recorders -- which I'm guessing will be fairly easy to retrieve -- in a matter of weeks," said CNN anchor Richard Quest, who specializes in aviation."At the moment, it seems a coincidence" that both disasters occurred on the same aircraft, Quest said. "But I'm guaranteeing to you that the authorities will be examining just how close a coincidence, and whether there are common circumstances between the two," he said."Two brand new planes have crashed from two respected airlines," Quest added. "Ethiopian is a very, very well-run airline. There is no safety issue on Ethiopian Airlines."Possible repercussions for Boeing If investigators do uncover a similar cause of the two accidents, the repercussions for Boeing could be dramatic."The Lion Air flight was a big deal for Boeing, but they managed to overcome it," Schiavo says. "They put out the emergency warning about training, and the industry went on. With the second one, I don't think everybody's going to forget."The MAX 8 could be grounded if a link is found -- either by the company itself, or by governments, though the former is more likely to come first, Schiavo says. "The voluntary basis is always the better way to go -- but it will be expensive for Boeing."Airlines with MAX 8 aircraft in their fleet -- and those with outstanding MAX 8 orders -- are likely to be watching developments closely in the coming days and weeks.According to 4284

For generations, Dave Walton's family has owned a farm in Wilton, Iowa.“We bought this farm in 1901 so I’m fourth generation of this farm," Walton says. “We grow soybeans, corn, alfalfa; pasture beef, cattle, sheep."Walton knows the impact of the trade war firsthand. “Soybeans have been hit hardest, they were one of the first products to get tariffs," he says. The farmer says tariffs have brought a level of uncertainty soybean farmers haven't seen in a long time. “China is our largest export buyer overseas," Walton says. "Our biggest buyer of soybeans essentially has been out of the market for about a year and a half now. That dropped our price almost a bushel.”The price change for many Iowans like Walton has left its mark.“We’ve really tightened the belt, we had to look at every expenditure. We haven’t really purchased any equipment, haven’t replaced any equipment. We’ve done the repair work ourselves," he says. "The family living budget is down to the bone so we’ve really had to tighten the belt to get through this.”He says waiting for a trade deal between the U.S. and China has been an emotional roller coaster. "You know, you hear they get together and get some positive news out of D.C., or whoever they’re negotiating, and you have a little bit of hope, and a week later it blows up with a tweet sometimes or the Chinese say ‘no, we’re not going to honor that deal,’ " he says.It's a waiting game he says can't go on forever. "The clock’s been ticking for a while,” Walton says. “We’ve made adjustments and the market starting to come back. If we can stay at this level, we could probably ride it out for a little while. But I would say another year and a half, two years … if we don’t have a deal, things are going to get pretty grim.” 1774

Hunt's is voluntarily recalling cans of tomato paste because they may contain mold.Conagra Brands, Inc. says after the canning process the final product could have been damaged, creating the potential for mold.The recall includes 6-ounce cans of Hunt's tomato paste with no salt added. The following information can be found on the recalled cans:Item description: HNT PSTE TOM NSA 12/6ZCase UPC: 00-0-27000-38809-9Item UPC: 00-0-27000-38807-5Case Batch/Lot Code: 5291902510Item Batch/Lot Code: 2105902510Best By Date: OCT 16 2020Those who purchased affected cans should throw them away or return them to the store of purchase."No other Hunt’s products or Conagra Brands' products are impacted by this recall," according to the 739

Hey, Taylor Swift fans, the pop star just teased a new concert from a tiny desk.The Tiny Desk Concerts are part of NPR Music and filmed in Washington, DC, at the desk of All Songs Considered host Bob Boilen. Swift posted on her Twitter that she was the next artist to take the desk."Tiny desk, BIG mood. Thank you @NPR for that awesome experience, I can't wait to relive it when #tinydesk comes out!"A video producer for NPR, Morgan Noelle Smith, gushed about working with the artist in an Instagram post, saying that the experience was "unreal.""We have a lot of people who come to perform at the desk, but it is SO humbling to see someone as famous, as huge, as ICONIC as Taylor Swift just come in, sit behind the desk, and play her music the same way it was written ... just her on a guitar and at the piano," Smith wrote.The acoustic set list is rumored to include "Lover," "The Man," and throwback "All Too Well" from her 2012 album "Red."As far as the release date, all we know is "soon."The announcement follows Swift's performance on NBC's "Saturday Night Live," in which she performed stripped-down versions of some of her recent hits. 1156