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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 25, 2018
Page
12
Starbucks announces raises and stock grants for about 150,000 U S employees across over 8 200 company stores, expanding paid sick time and parental leave for all nonbirth parents at a cost above 250 million dollars.
Ford reported higher 2017 earnings with a 65 percent full year gain to 7.6 billion but cautioned on a difficult year ahead. North America sales driven profits face slowdown while rising steel aluminum costs and higher interest rates pressure margins. The company targets 14 billion in cost cuts by 2022 and plans to simplify production and reduce marketing expenses.
United Continental Holdings posts 46 percent Q4 profit but stock sinks 11.4 percent to 69.05 amid fears that adding 4 to 6 percent capacity this year and into 2020 will flood the market with seats. American Delta Southwest fall while overall airline group loses billions in market value.
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