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- PoliticsAssociated Press•15 hours ago
A full parking lot and 50-hour workweeks belie the anxiety at the United Technologies-owned factory outside a small northeastern Indiana city, where Mike Harmon and co-workers wonder whether they aren't just stockpiling parts for when the company sends their 700 jobs to Mexico. "I don't think they look at us, being from a small town ..." said Harmon, a 44-year-old Huntington native who's worked at the factory for seven years.
- BusinessCNBC.com•17 hours ago
Amazon's new concept convenience store doesn't just save money, it saves shoppers' time. That, however, is part of what makes the rise of the robots unstoppable, one expert said. At a time when a growing number of observers have lamented the potential impact of growing automation on flesh and bone workers, the retail giant introduced something that may be a game-changer. On Monday, Amazon announced a new Seattle location, Amazon Go, that has no registers. Instead, shoppers scan into the store with their free Amazon Go app, shop as normal, and leave the store with the items billed to their Amazon.com account. "With Amazon, it's not just about reducing labor costs at all — they've come up with
- BusinessMarketWatch•19 hours ago
The big news this past week was a massive OPEC deal that finally made good on talk about a worldwide cut in oil production. In case you missed it, the agreement resolves to remove about 2% of global oil production, with the Organization of Petroleum Exporting Countries’ member states cutting 1.2 million barrels of daily output and non-OPEC producers, including Russia, reducing 600,000 barrels daily. That news had a big impact on the market, resulting in a roughly double-digit move for oil CLF7, +1.26% , putting prices above $50 again for the first time since June. And a number of smaller energy companies have exploded higher, including: • Domestic explorer Whiting Petroleum Corp. WLL, +0.50%