Steady Labor Market, Major Deals and Business Expansion Lead Weekly News
Jobless claims edge up in a stable market as USPS seeks price hikes, a $110B media merger nears, Mars expands with 600 jobs, and Chevy unveils a new Corvette lineup.
Postal Service Seeks Temporary Price Hike
The U.S. Postal Service filed notice this week with the Postal Regulatory Commission regarding a time-limited price change to better align its costs of transportation with the market. Read Full Article
First-Time Unemployment Claims Rise Slightly in ‘Stable’ Labor Market
The U.S. labor market appears to remain fairly stable, which could be a factor in what the Federal Reserve decides to do about interest rates.
First-time applications for U.S. unemployment benefits rose slightly last week, according to figures released by the U.S. Labor Department. The report, released Thursday, also showed the number of people collecting unemployment checks in mid-March was the lowest in nearly two years. Read Full Article
Shareholders Set to Vote on $110 Billion Warner Bros-Paramount Merger
The merger between Warner Bros Discovery and Paramount appears to be all over but the voting.
Warner Bros Discovery said Thursday shareholders will vote on its planned $110 billion merger with Paramount Skydance on April 23. The vote brings the companies a step closer to completing the deal that would reshape the media landscape. Read Full Article
Mars Spending $100 Million to Expand Headquarters, Add 600 Jobs
Candy giant Mars Snacking is investing $100 million to expand its Chicago headquarters, adding two new offices and more than 600 jobs, the company announced Wednesday.
The Chicago Tribune reported that, with incentives created by Illinois tax credits, Mars Snacking is opening a new regional office in Fulton Market and taking over the former Kellanova headquarters in River North as a new hub for its Accelerator Division, growing its corporate footprint beyond its Goose Island campus. Read Full Article
Chevrolet Debuts 2027 Corvette Grand Sport, Grand Sport X
DETROIT — Chevrolet is reviving one of Corvette’s most storied racing names with the 2027 Corvette Grand Sport, and creating new legacy with the Grand Sport X.
Both vehicles blend heritage-inspired design with a next-generation V8 engine that produces more torque than any other naturally aspirated V8 before it, Chevy officials noted in a release posted to the carmaker’s website. The duo delivers a modern take on Grand Sport’s traditional role as a sweet-spot in the lineup, blending visceral V8 performance, distinctive style and everyday drivability. Read Full Article