based company

MONTREAL | Canada’s Bombardier says it will cut 5,000 jobs

MONTREAL — Canadian plane and train maker Bombardier Inc. said Thursday it will shed 5,000 jobs and sell off two units as part of a five-year plan to rein in costs, focus on rail and business jets, and reduce debt. About 2,500 Bombardier workers will be laid off in Quebec and 600 in Ontario while 2,000 cuts will … Continue reading MONTREAL | Canada’s Bombardier says it will cut 5,000 jobs

ALBANY, N.Y | Company accused of selling overpriced jewelry to US troops

ALBANY, N.Y. — New York state has filed a lawsuit against a national jewelry retailer, claiming the company uses false and deceptive methods to dupe U.S. military members into illegal financing contracts for overpriced merchandise. Attorney General Barbara Underwood announced Monday the lawsuit alleges Harris Jewelry used its “Operation Teddy Bear” charitable donations campaign to … Continue reading ALBANY, N.Y | Company accused of selling overpriced jewelry to US troops

BRATISLAVA, Slovakia | Jaguar Land Rover opens new plant in Slovakia

BRATISLAVA, Slovakia  — Jaguar Land Rover is opening a new, $1.6 billion plant in Slovakia, the luxury car maker’s first in continental Europe. The U.K.-based company, owned by India’s Tata Motors, built the plant near Nitra, about 100 kilometers (65 miles) east of Bratislava, to initially produce 150,000 cars a year. The Slovak government is … Continue reading BRATISLAVA, Slovakia | Jaguar Land Rover opens new plant in Slovakia

NEW YORK | American Express profits jump 22 percent, beating forecasts

NEW YORK— American Express said its third quarter profits jumped by 22 percent from a year earlier, as the credit card giant benefited from a lower tax rate and increased spending on the company’s credit cards. The New York-based company said it earned a profit of $1.65 billion, or $1.88 a share, which is up … Continue reading NEW YORK | American Express profits jump 22 percent, beating forecasts

ATLANTIC CITY, N.J. | Hard Rock replaces Atlantic City president after 3 months

ATLANTIC CITY, N.J. — Hard Rock International is replacing the president of its half-billion-dollar Atlantic City casino after just three months of operation. The Florida-based company said Monday night that it is replacing Matt Harkness with Joe Lupo, a former Borgata executive who joined Hard Rock a few years ago. No reason was given for … Continue reading ATLANTIC CITY, N.J. | Hard Rock replaces Atlantic City president after 3 months

NEW YORK | Ernst & Young faces 2nd sexual harassment complaint

NEW YORK  — Ernst & Young was slapped Monday with a second sexual harassment complaint in less than year describing a culture of discrimination and lewd behavior toward women at the accounting company. Karen Ward, a former partner with EY, said her supervisor routinely commented her breasts, suggested she should accompany him to strip clubs … Continue reading NEW YORK | Ernst & Young faces 2nd sexual harassment complaint

WASHINGTON | Former Energy Secretary Samuel Bodman dies

WASHINGTON — Former Energy Secretary Samuel Bodman, who served under President George W. Bush, has died. Bodman, a chemical engineer and businessman, also was deputy secretary of both Treasury and Commerce in the Bush administration. He was energy chief in Bush’s second term, from 2005 to 2009. Bush said in a statement that he and … Continue reading WASHINGTON | Former Energy Secretary Samuel Bodman dies