Group

Automaker lobby group: 70% of EV models won't qualify for EV tax credit

Auto lobby group worries that most U.S. EVs disqualified for EV tax credit

Automaker lobby group Alliance for Automotive Innovation says that if additional sourcing requirements go into effect, U.S. automakers won’t qualify for the full credit. According to Reuters, these automakers have been privately expressing their worries about the proposal’s increasing requirements regarding batteries and critical mineral contents being sourced from the U.S. John Bozzella, head of …

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Group warns recession is here, energy prices, 2-day Fed meeting and more: Tuesday's 5 things to know

Group warns recession is here, energy prices, 2-day Fed meeting and more: Tuesday’s 5 things to know

Check out what’s clicking on FoxBusiness.com. Here are five key things that could impact Thursday’s trading. ‘MILD RECESSION’ IS HERE: The Schork Group principal Stephen Schork warned Monday that the United States is experiencing a “mild recession” and the “pull” on energy prices will be greater as the severity of the downturn intensifies.  “We know we’ve …

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McDonald's franchisees overwhelmingly support no-confidence vote on CEO, survey shows

McDonald’s franchisees polled by an owners group overwhelmingly support no-confidence vote on CEO

Chris Kempczinski, McDonald’s, speaks during a press conference in New York, November 17, 2016. Shannon Stapleton | Reuters McDonald’s franchisees unhappy with changes being made to ownership terms are expressing a lack of confidence in the company’s CEO and U.S. president, according to a new survey of owners that was viewed by CNBC. The National …

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Spirit Airlines gets 16 more runway slots at Newark Airport as consumer group raises concerns

Spirit Airlines gets 16 more runway slots at Newark Airport as consumer group raises concerns

Travelers will see more yellow Spirit Airlines jets taking off from Newark Liberty International Airport after federal officials reassigned 16 runway slots to the Florida-based airline late Tuesday. The reassignment of the peak hour runway timings vacated by Southwest Airlines is intended to provide low cost options and improve competition for flyers using Newark Airport, …

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Kohl's terminates sale talks with Vitamin Shoppe owner Franchise Group, sources say

Kohl’s terminates sale talks with Vitamin Shoppe owner Franchise Group, sources say

A Kohl’s store in San Rafael, Calif. Getty Images Kohl’s is terminating talks to sell its business to The Vitamin Shoppe owner Franchise Group, two people familiar with the matter told CNBC on Thursday. The people requested anonymity because a decision from Kohl’s has not been publicly announced. Representatives from Kohl’s and Franchise Group didn’t …

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Flight cancellations are spiking in part because this air traffic control center in Florida is severely understaffed, airline group says

Flight cancellations are spiking in part because this air traffic control center in Florida is severely understaffed, airline group says

eyfoto/Getty Images The Air Lines Pilots Association (ALPA) expressed concern about staffing at air traffic control centers. The group pointed to a center in Jacksonville, saying it has been understaffed for 27 of the past 30 days. The government said it will increase staffing at the center, which has reportedly gotten 30 new hires as …

Flight cancellations are spiking in part because this air traffic control center in Florida is severely understaffed, airline group says Read More »