Economy

Economy

Moody's report: Illinois, New Jersey least prepared for recession

By GRANT MORGAN
gmorgan@capitolnewsillinois.com

SPRINGFIELD — A report from one of the nation's leading credit rating agencies says Illinois and New Jersey are the two states least-equipped to handle another recession.

Honda jet division expanding N.C. production space

GREENSBORO, N.C. (AP) — Honda's jet division is expanding its headquarters in North Carolina.

Greensboro-based Honda Aircraft Co. announced Monday it is expanding its global headquarters with an extra 82,000 square feet for expanded wing assembly and more parts storage for the private jets rolling off the production line.

$15 minimum wage becomes part of campaign landscape

From liberal firebrands Bernie Sanders and Elizabeth Warren to moderates Joe Biden and John Hickenlooper, nearly the entire 2020 Democratic presidential field agrees that the federal minimum wage should be more than doubled, to $15 an hour.

U.S. distillers welcome end of tariffs in Canada, Mexico

LOUISVILLE, Ky. (AP) — American whiskey producers feeling the pain from the Trump administration's trade disputes have gotten a shot of relief with an agreement that will end retaliatory tariffs that Canada and Mexico slapped on whiskey and other U.S. products.

AP Fact Check: Trump cries 'treason' over campaign scrutiny

EDITOR'S NOTE — A look at the veracity of claims by political figures.

WASHINGTON (AP) — President Donald Trump is using "treason" rather lightly as he assails unidentified U.S. officials for investigating operatives of his campaign in 2016. There's no allegation or even suggestion that they committed this punishable-by-death crime, if any crime at all.

T-Mobile-Sprint deal gets key endorsement from FCC chair

WASHINGTON (AP) — A key federal regulator says he plans to approve wireless carrier T-Mobile's $26.5 billion takeover of rival Sprint, a crucial step for the deal's approval.

Ford cutting 7,000 white-collar jobs

DETROIT (AP) — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10 percent of its global salaried workforce.

Huawei faces loss of some Google services after U.S. ban

BEIJING (AP) — Google said Monday its basic services on Huawei smartphones still will function following U.S. sales curbs, but the Chinese tech giant faces the possible loss of other features and support.

Amazon takes top stake in food delivery firm Deliveroo

LONDON (AP) — Amazon is investing in British meal delivery company Deliveroo, expanding its global reach into food retailing.

Deliveroo said Friday that it raised $575 million from a number of investors led by Amazon. Amazon will become Deliveroo's largest investor, though it did not disclose how much Amazon put in or how large a stake it acquired.

Trump delays imposing tariffs on auto imports, parts

WASHINGTON (AP) — President Donald Trump on Friday delayed any decision to impose tariffs on car and auto-part imports, deciding against ratcheting up trade disputes or impacting ongoing talks with European nations and Japan.

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