Stellantis recalls nearly 1.2M vehicles to fix software glitch that disables rear camera - Business news - NewsLocker (2024)

A company investigation found that the vehicles have radio software that can inadvertently shut down the cameras.

Ontario court approves sales process for Red Lobster Canada

An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors.

WestJet mechanics hit airline with 72-hour strike notice

WestJet mechanics say they are poised to walk off the job early as Thursday night after serving the airline with a 72-hour strike notice yesterday.

It's a 'travesty' Boeing CEO Dave Calhoun is still in his job, says U.S. senator during heated hearing

U.S. lawmakers pressedBoeing's chief executive Tuesday about the company's latest plan to fix its manufacturing problems, and relatives of people who died in two crashes of Boeing 737 Max jetliners were in the room to remind him of what was at stake.

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Boeing CEO Dave Calhoun apologizes to relatives of 737 Max crash victims during Senate testimony

U.S. lawmakers are expected to press Boeing's chief executive Tuesday about the company's latest plan to fix its manufacturing problems, and relatives of people who died in two crashes of Boeing 737 Max jetliners plan to be in the room, watching him.

Emissions cap not possible without oil, gas production cuts, Deloitte concludes

Canadian oil and gas companies facing a federally imposed emissions cap will decide to cut their production rather than invest in too-expensive carbon capture and storage technology, a new report by Deloitte says.

WestJet now charges $25 to book a flight by phone. Are airline fees out of control?

Airline fees are nothing new. But some major carriers have raised the ire of customers by introducing charges for once-complimentary services, like overhead space for carry-on bags and booking flights by phone.

'Rare and expensive': Why is it so hard to find a 3-bedroom rental these days?

Canada's rental housing crisis gets even more dire if you're looking for a home with more than one bedroom. That leaves many families cramped in smaller units because they can't afford or find something bigger.

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IRS plans to close 'major' tax loophole used by wealthy Americans

The IRS and Treasury Department on Monday unveiled a plan to end a major tax loophole used by wealthy taxpayers, a move that could generate as much as $50 billion in revenue over the next decade.The plan targets so-called "partnership basis shifting," a transaction that allows a business or person to operate through many different legal entities in order to take more deductions and minimize what they owe, according to Treasury."These tax shelters allow wealthy taxpayers to avoid paying what they

Stuart Varney: Biden's 'Parole in Place' scheme is code for amnesty

During his "My Take," Monday, "Varney & Co." host Stuart Varney discussed Biden's new plan to grant legal status to undocumented immigrants, arguing his "Parole in Place" policy would be another "political mistake" that every American will pay for.STUART VARNEY: We've heard a lot about President Biden's outreach to Hispanics.He's lost a lot of support from that demographic, and he needs to get it back.BIDEN LOSING HISPANIC VOTERS ACROSS TEXAS AFTER THREE YEARS OF BORDER CHAOS, CONGRESS

'Bond King' Bill Gross sells rare 'Z' Grill stamp for $4.4M

America’s most valuable postage stamp sold for nearly $4.4 million on Friday.The 1868 one-cent "Z" Grill was sold as part of the collection owned by "Bond King" Bill Gross, who co-founded asset management firm Pacific Investment Management Co., otherwise known as PIMCO.The winning bidder chose to remain anonymous.It’s the first time the stamp has been sold in 26 years, and among stamp enthusiasts, it is considered the most coveted. The "Z" Grill stamp completes the entire collection

Freddie Mac proposes product to help homeowners tap home equity without losing record low mortgage rates

Freddie Mac wants to offer second-lien mortgages to help homeowners locked into lower-interest-rate mortgages access their home equity.Freddie Mac's proposal would allow homeowners to access their home equity while keeping their low interest rate on their current loan. It could potentially be a cost-effective alternative to cash-out refinances at today's higher rates, according to the Urban Institute. "Freddie Mac’s proposal is more borrower friendly because it would allow the borrow

Kansas sues Pfizer over 'misrepresentations' and 'adverse events' of COVID-19 vaccine

FIRST ON FOX: The state of Kansas has filed a lawsuit against pharmaceutical company Pfizer, Inc. for alleged consumer protection violations related to the company's manufacturing of the COVID-19 vaccine, saying the company marketed the shot as "safe" even though it "knew" the vaccine was connected to "serious adverse events.""Pfizer misled the public that it had a ‘safe and effective’ COVID-19 vaccine," the 69-page lawsuit filed Monday in the District Court of Thomas County al

New home construction rose while home sales came down in May

The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing Corporation and the Canadian Real Estate Association.

Today's mortgage rates remain unchanged for 15- and 30-year terms | June 17, 2024

The interest rate on a 30-year fixed-rate mortgage is 6.625% as of June 17, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is also unchanged from Friday.With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms and fees to ensure you get the best deal.Rates last updated o

Americans explain why they are struggling to buy a home: 'Suffocated in every corner'

Whether you're a first-time buyer or eyeing an upgrade, securing your slice of the American dream may be more challenging than ever.Climbing property taxes, an uptick in home insurance rates and high mortgage rates have dismayed first-time buyers like Stella Bermema who say the rite of passage is now seemingly out of their reach."I feel suffocated in every corner, everywhere I look," she told Sandra Smith on Fox News' "America Reports" Friday. "There are not enough listings out there because of

U.S. surgeon general wants warning labels on social media platforms

U.S. Surgeon General Dr. Vivek Murthy wants warnings on social media platforms, saying they would 'regularly remind parents and adolescents that social media has not been proved safe.'

US surgeon general calls for social media platforms to display mental health warnings

U.S. Surgeon General Vivek Murthy argued social media companies should be required to display mental health warnings about the use of their platforms.Murthy argued in an op-ed for the New York Times that the platforms have been particularly harmful for young Americans. The official first sounded the alarm about social media last year when he called on Congress to enact policies that would prevent adolescents from being exposed to extreme violent and sexual content via algorithms."It is time to r

McDonald's ending AI drive-thru ordering

McDonald's has informed franchisees that it is ending an artificial intelligence drive-thru order taking program, a report says.In a message obtained by Restaurant Business magazine, McDonald’s USA Chief Restaurant Officer Mason Smoot said "after a thoughtful review, McDonald's has decided to end our current partnership with IBM on AOT [automated order taking]and the technology will be shut off in all restaurants currently testing it no later than July 26, 2024."More than 100 M

Drink coffee? 5 most expensive states for a cup of Joe, according to sales data

Coffee lovers in Hawaii pay the most for a regular cup of coffee out of all 50 states, according to a report from Toast, a restaurant point of sale and management system."On average, consumers paid $3.08 for a cup of regular coffee, $5.14for cold brew, $5.46for lattes, and $3.74 for tea in Q1 2024," Toast found.Hawaii has an average price 59% higher than the rest of the U.S. at $4.89. For those who like lattes, Toast found the average price in Hawaii to be $6.69, saying prices

Want an AI career? These colleges offer degrees for the best chance

Artificial intelligence skills are in high demand these days, with some companies offering salaries in the hundreds of thousands of dollars for employees that are experts in the rapidly developing technology.For those looking to enter what could be a highly lucrative career in AI, a new study by software development firm Vention shows which U.S. colleges are offering bachelor's degrees with the best chance of landing a job fresh out of school – and the potential for the biggest paychecks.V

US home prices just smashed another record high as affordability crisis deepens

The cost of buying a new house just hit a fresh record, even as mortgage rates dipped to the lowest level in three months, according to a new report.Findings from Redfin show the median U.S. home sale price soared to $394,000 during the four weeks ended June 9 – a 4.4% increase from a year earlier.The monthly mortgage payment at that price, when accounting for the 6.99% median interest rate for a 30-year mortgage, is now $2,829. That is roughly $30 shy of April's record.Housing costs

5 sneaky travel scams that target your money and how to avoid them

It can be very exciting to receive an email, direct-mail letter or phone call letting you know you’ve won a "free cruise" or an "all-expenses-paid-vacation to a tropical island."These trip offers, unfortunately, are often nothing but a scam.And even beyond these fake travel opportunities, there are other ways scammers are trying to snatch your hard-earned vacation dollars, such as through fraudulent or misleading travel websites and false vacation rental listings.AMID SURGING C

Is the flip phone back? Why some people are switching to dumbphones

Dumbphones, also known as simplephones or featurephones, are having a moment. The mobile devices are limited to basic functions like making phone calls and sending text messages, and often can’t connect to the internet.

If you're sick of screen time, switching to a 'dumbphone' may be a smart move

Dumbphones, also known as simplephones or featurephones, are having a moment. The mobile devices are limited to basic functions like making phone calls and sending text messages, and often can’t connect to the Internet.

Falcons' Kirk Cousins 'recharging the batteries' before 2024 NFL season thanks to his Manitou pontoon boat

For Atlanta Falcons quarterback Kirk Cousins, the offseason has been quite the grind, more than what he's used to, given his Achilles rehab process as well as joining a new squad.Cousins has finished the team's offseason workout program, which means he has a few weeks to spend time on his own and with his family before the true grind of the NFL season begins with training camp at the end of July.Where does Cousins go? Saugatuck, Michigan, is where he likes to spend summertime with hi

National Debt Tracker: American taxpayers (you) are now on the hook for $34,683,580,629,557.70 as of 6/14/24

The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.The national debt — which measures what the U.S. owes its creditors — declined to $$34,683,580,629,557.70 as of Thursday afternoon, according to the latest numbers published by the Treasury Department. That is down about $3.2 billion from the figure reported the previous day.By comparison, just four decades ago, the national

Sam Adams founder loaning to businesses banks won’t touch

Craft beer pioneer and Sam Adams founder, Jim Koch, has been giving loans to entrepreneurs that banks often overlook.They are the very people who are trying to tap into the food and beverage industry, some of which essentially compete against Koch's Boston Beer Company. But even with the potential for these smaller businesses to one day become competitors, Koch, a sixth-generation brewer who launched Boston Beer Company in the early '80s, sees it as his responsibility to support and nurture the

California thieves targeting Lego stores for black market deals: 'Lego Larceny'

Legos have apparently emerged as the latest hot target for California theft rings.Two suspects have allegedly stolen more than $100,000 worth of Lego merchandise from six different Southern California stores over the last two months, the L.A. Times reported. One store owner, Whittier resident Katie Leuschner, told the paper that the thieves took approximately $10,000 of product from her store.Leuschner noted that while she and her husband had seen shoplifters pocket mini figurines before,

Yellen claps back at Putin calling use of seized Russian assets to support Ukraine ‘theft’: 'No sense at all'

U.S. Treasury Secretary Janet Yellen dismissed Russian President Vladimir Putin's claim that a plan devised by G-7 leaders to use seized Russian assets to support Ukraine equates to "theft."Yellen explained the Biden administration's position during an appearance on ABC's "This Week."In response to Russia's full-scale invasion of Ukraine in February 2022, the U.S. and "our global coalition partners decided to freeze, to impound Russian sovereign assets in our jurisdiction," she said."And t