Honda to Build 3.5B Battery Plant in Ohio Hiring 2200
Honda plans a 3.5 billion joint venture battery factory in rural southern Ohio with LG Energy Solution, creating about 2,200 jobs. The project, near Interstate 71 in Fayette County, will produce pouch lithium ion cells for Honda and Acura vehicles built in North America, with mass production by end of 2025.
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Wall Street ends mixed as inflation fears loom
A volatile session left major indices lower or flat as traders awaited inflation data and Fed minutes. The S&P 500 fell 23.55 points to 3,588.84 while Nasdaq dropped 115.91 to 10,426.19 and Dow rose 36.31 to 29,239.19. Chipmakers slid amid export control moves on China.
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Major gig firms feel sting as new worker rule rebuts practice
Roundup shows Lyft stock down 12 percent and Uber off about 10 percent as investors weigh a new rule on employee versus contractor status. The rule lists six criteria to decide classification without priority, stressing control, skill needs, relationship permanence, and worker investments while stopping short of mandating universal reclassifications. It frames protections under the 1938 Fair Labor Standards Act but cites no congressional or state mandate.
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Lyft
Uber
Third largest U.S. railroad union rejects deal amid threat of strike
Omaha, Nebraska report notes the Brotherhood of Maintenance of Way Employes Division voted against a five year contract despite 24 percent raises and $5,000 bonuses. Union president Tony Cardwell cites lack of paid sick time and poor working conditions as drivers of discontent as talks resume. Biden administration proposes rules to curb independent contractor classification, aiming to restore minimum wage and benefits coverage. Markets react to the potential disruption.
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