Walmart to Close Dozens of Sam's Clubs as Pay Rises Loosen
Walmart confirms 63 Sam's Club closures across the country while announcing higher starting pay to $11 an hour, one time bonuses up to $1,000, expanded parental leave, and adoption assistance for U.S. hourly workers. The moves affect more than a million hourly staff and aim to boost competitiveness amid tax reform.
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Ford recalls 2006 Ranger pickups over Takata air bag danger
Ford urges about 2900 model year 2006 Ranger owners to stop driving their trucks after confirming an exploding Takata inflator caused a West Virginia death. The recall covers inflators made on the same day as a 2015 South Carolina incident and offers dealer repairs, home service, or loaners with NHTSA urging immediate action.
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Markets rebound as energy leads stocks to new highs
U S shares recover from early wobble with the S P 500 at a record 2767.56, Dow up 205.60, Nasdaq 58.21, and Russell 2000 26.99 gain. Delta Air Lines posts 8 percent Q4 drop but lifts 2018 forecast on higher fares amid tax expectations. Samsung faces Paris lawsuit over alleged labor abuses and misleading advertising.
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