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General Motors has already announced plant closings and big job cuts. Ford could be next.Ford (F) said this summer that it was planning to radically reshape its business, and could close or scale back unprofitable operations in some regions. It said it would spend up to billion on the transformation.The company has revealed little detail about its plans. Adam Jonas, the auto analyst at Morgan Stanley, said he believes Ford is preparing to slash 25,000 jobs worldwide. He expects that most of the cuts will be in Europe, where Ford has long struggled, but he said North American plants and workers won't be spared.Like GM, Ford is reinventing itself to compete in an industry undergoing radical change. Both GM (GM) and Ford have said they need to cut costs to invest in the next generation of vehicles, such as self-driving and electric cars."There are bigger forces at work driving global [automakers] to rethink the fundamental idea of supporting increasingly obsolete segments, propulsion systems, and geographic regions," he wrote in a research note.Ford issued a statement on Tuesday saying the "actions will come largely outside of North America.""This includes the targeted and thoughtful approach we are taking to the redesign of our global salaried workforce," Ford said. "All of this work is ongoing and publishing a job-reduction figure at this point would be pure speculation."Ford's sales in the United States are down about 3% this year. It has announced plans to stop selling traditional sedans in North America other than its iconic Mustang, given the shift in customer preference towards SUVs and pickups.The company said last week that it would cut some shifts and 1,150 hourly jobs at two plants, one in Kentucky, one in Michigan. But it also announced it was adding 1,000 jobs at two other nearby plants, and said that all hourly workers whose current jobs were being eliminated would be offered jobs at another Ford plant.Ford had 202,000 workers worldwide at the end of last year, with about half of those in North America and 54,000 in Europe.GM announced plans last week to close a number of plants worldwide including four in the United States and one in Canada. It will also cut about 8,000 white collar jobs. Taken together, those moves are expected to slash 14,000 jobs in North America.While GM said it will offer many of its laid-off hourly workers new jobs at different plants, critics including President Donald Trump have taken the company to task for cutting jobs at a time of strong profitability. 2548

Hello! And welcome to Movie...Pass?MoviePass, the ticket subscription company, is buying Moviefone, the 29-year old movie directory service.A lot has changed since Moviefone first started. It's hard to imagine now, but people used to call a number for movie times. Moviefone became so popular that its famous "Welcome to Moviefone" greeting was parodied in a famous "Seinfeld" episode.Moviefone still has a website and app, but it retired the 777-FILM phone service in 2014. (Seinfeld's Kramer must be pleased. "Why don't you just tell me the name of the movie you've selected?")AOL, now part of Verizon, bought Moviefone in 1999 for 8 million. But MoviePass isn't spending nearly as much to get Moviefone. MoviePass majority owner Helios and Matheson Analytics will pay Verizon only about million for Moviefone -- million in cash and a mix of HMNY stock and warrants worth about million, according to a Securities and Exchange filing Thursday.So why does MoviePass want Moviefone? MoviePass CEO Mitch Lowe told CNNMoney it wanted access to Moviefone's film and TV show content."Our subscribers want to connect with Hollywood and hear more about what's going on in the film industry," Lowe said. "They'd like to have MoviePass recommend movies to them and Moviefone is iconic."Lowe, a co-founder of Netflix and former president of DVD rental kiosk service Redbox, added that he hopes the acquisition will be a "great funnel to attract new members" to MoviePass, which currently has more than 2 million subscribers.Ted Farnsworth, CEO of Helios and Matheson Analytics, added that the marriage of MoviePass and Moviefone will hopefully lead to more advertising revenue."MoviePass is growing at warp speed. Put it and Moviefone together and it gives us more advertising opportunities," Farnsworth said in an interview with CNNMoney. "This is a great strategic move for us."MoviePass arguably needs more ad sales to convince skeptical investors that its business model of buying tickets from theaters and then offering them to subscribers at a discount through monthly and annual subscription plans is viable for the long haul. MoviePass lets people see a movie a day for .95 a month -- it recently cut its price from .95.Shares of Helio and Matheson Analytics have plunged nearly 55% this year. Investors are worried that MoviePass won't be profitable anytime soon.Part of the problem? We live in an era of so-called peak TV. Netflix, other streaming services and big cable TV networks are churning out more and more quality shows that eat into the time people have to go to movies.Investors also worry that the big chains that MoviePass currently buys tickets from -- AMC, Regal and Cinemark -- may eventually look to cut out MoviePass and launch their own subscription services or other lower-priced deals.Regal, which is now owned by UK-based Cineworld, has experimented with charging more for tickets during peak movie times and less at times when attendance tends to be lighter. Think of it as Uber-style surge pricing, but for movies.And Cinemark unveiled Movie Club, a monthly plan that lets people buy a movie ticket a month for a discounted price of .99, last year.That deal obviously isn't as good as the one a day plan offered by MoviePass. But Cinemark will also allow Movie Club members to roll over unused tickets every month, bring friends at the lower price and offers bargains on concession stand items.Lowe isn't too concerned about competition though. He said he's convinced that MoviePass will continue to work closely with the big chains -- even if Wall Street is nervous."We have to prove we are a driving force in getting more people into theaters. We have to try and put our money where our mouth is," he said. 3759

HANCOCK COUNTY, Ind. -- A local sheriff’s department has issued a warning to parents about a marijuana candy that seems to be making the rounds.The HTC-infused gummies were recently found by deputies in Hancock County, Ind.“They are gummy candy squares, but not your average fruit snacks,” the Hancock County Sheriff’s Department shared in a Facebook post Wednesday morning. “These are THC gummies.”If you look closely, you can see the letters THC printed on each piece of sugar-coated “candy.”“If you come across these, contact your local law enforcement office,” the department’s post said.The drug tip line in Hancock County is 317-477-DRUG.  658

Hank Williams Jr., Marty Stuart, and songwriter Dean Dillon are the newest inductees to the Country Music Hall of Fame. The Country Music Association made the announcement on Wednesday.“In this, the most exclusive of music halls of fame, we now have three new deserving members,” said Kyle Young, Country Music Hall of Fame? and Museum Chief Executive Officer in a news release. “One is the son of one of American music’s greatest masters who became a self-made master of his own. One is a child of tough-town Mississippi who became a force for togetherness, inclusion, and righteous musicality. And the third is an East Tennessee kid who triumphed over a hard youth to write words and melodies that have enriched us all. In a year of turmoil, strife, and dissent, this announcement is something all of us can cheer.”Williams joins his father, country legend Hank Williams Sr., in the Hall of Fame and is known for songs like “All My Rowdy Friends Are Comin' Over Tonight" and "Family Tradition."Williams Sr. was inducted in 1961.Stuart, a five-time Grammy winner, started his career as a sideman backing up Lester Flatt and Johnny Cash before starting his own artist career. 1184

Here's what's happening in the political world Saturday, March 24, 2018.Schwarzenegger: Gov. John Kasich would be 'a great alternative' to Trump-- Former California governor Arnold Schwarzenegger is touting Ohio Republican Gov. John Kasich as a "great alternative" to President Donald Trump.The actor and former head of California told CNN's Michael Smerconish he thinks Gov. Kasich should run against President Trump, should Trump fail to make good on his promises to voters. "People are going to judge the President before they go to the polls by his performance," Schwarzenegger, who is a Republican, said in an interview. "If Trump does a great job, then there's no reason to replace him. But what I'm saying is that John Kasich is a great alternative should he (Trump) not perform, because we don't know yet. We are only one year into his term."Schwarzenegger added he thinks the Ohio governor would be better than any candidate the Democratic party could offer. Kasich unsuccessfully fought for the 2016 Republican presidential nomination.Read more. 1118