Macy's $400 million, multi-year renovation of its New York City flagship brought much modernization, but it stopped short of changing out the store's wooden escalators, which are nearly a century old. "They're iconic to our brand. At the end of the day, they operate effectively, they meet all the necessary codes and they're reliable," Macy's Facilities Director Alan Westenberger said.
The United Auto Workers secured a number of concessions from Detroit's so-called Big Three automakers during four months of contentious negotiations, observers say. "Workers who had been through a traumatic decade of job losses and concessions wanted to regain some of what they had lost," said Harley Shaiken of University of California-Berkeley.
Some educators and librarians say reading aloud to older students helps develop listening and literacy skills while fueling interest reading for pleasure. One New York high-school teacher uses read-alouds to gauge students' comprehension. A Connecticut fifth-grade teacher reads the first in a series of novels to entice students to read the rest of the series on their own.
US companies are shunning initial public offerings in favor of being acquired. There have been $2.3 trillion worth of merger and acquisition deals announced so far in 2015, a 46% jump from last year's total. IPOs, meanwhile, have dropped 63% from 2014's dollar volume.
ALDI has found success with shoppers around the world, partly due to the its low prices. To keep its prices low, the German retailer looks to private labels for about 90% of its stock, stocks fewer items than traditional supermarkets, uses energy-efficient lighting and depends on streamlined store operations that require fewer workers, among other strategies.
A study in JACC: Clinical Electrophysiology showed women who were overweight or obese at age 18 were at an increased risk of sudden cardiac death throughout the entire 32-year-long study period compared with normal-weight women. Researchers analyzed data from the Nurses' Health study involving 72,484 healthy women from 1980 to 2012 and found the risk of sudden cardiac death over the next two years were 1.5 times in women who were overweight and 2 times among obese women, compared to those with a healthy weight.
Apple's Beats touted its "Don't Blow It -- Get Beats" holiday push on Black Friday with a 24-hour sponsored Snapchat Lens, the first from a consumer product brand. Consumers could take a selfie, tap on the screen and then watch their faces come to life while Drake's "Big Rings" played in the background. A sponsored Snapchat Lens can cost brands between $500,000 and $750,000, Re/code reported.
About 151 million Americans shopped in stores and online during Black Friday weekend, compared with the 136 million who said earlier that they planned to shop during the holiday weekend, according to an NRF survey. "It is clear that the age-old holiday tradition of heading out to stores with family and friends is now equally matched in the new tradition of looking online for holiday savings opportunities," NRF President and CEO Matthew Shay said.
Amazon debuted its latest drone prototype Sunday, claiming the unmanned vehicle can fly 15 miles and reach a height of nearly 400 feet. Amazon continues to push forward on drone designs to carry packages to shoppers in under 30 minutes, and it confirmed that it plans to make various designs to accommodate different environments.
Teva Pharmaceutical Industries has agreed to collaborate with Heptares Therapeutics on the development of small-molecule calcitonin gene-related peptide antagonists to treat migraine. In addition to a $10 million upfront payment, Heptares is entitled to as much as $400 million in milestone fees.
Syrian refugees making their way onto the Greek island of Lesbos have turned to their smartphones to keep in touch with family and support groups, this report states, noting that this immigrant group has more middle-class immigrants than do others. Disaster Tech Lab, a nonprofit, offers Internet access to the refugees.
Peace River Hydro Partners, a consortium that includes Acciona Infrastructure Canada, Samsung C&T Canada and Petrowest Corp., has won a $1.12 billion contract to help construct the Site C dam, tunnels and concrete foundation for a hydroelectric generating station in Canada's British Columbia. The entire project is expected to cost $6.2 billion.
A ban on new oil and natural gas drilling leases in Pennsylvania state parks and forests does not affect lands owned by the state's Game Commission, according to a spokesman for Gov. Tom Wolf. "Because the Game Commission is an independent agency, we could not bind them to an executive order," spokesman Jeff Sheridan said. The Pennsylvania Game Commission increased its lease revenue to $22.1 million during the fiscal year ended June 30.
The Transportation Security Administration maintains that daily physical screenings of airport workers are not necessary because security measures already in place are designed to identify potential insider threats. Trade group Airlines for America agrees: "By its nature, (physically screening all employees) is not risk-based. It's a one-size-fits-all approach, which we do not think is appropriate," said spokesperson Melanie Hinton.
Pre-arrival planning, continual reviews of events and personal interaction are keys to making front-desk service effective, hotel training expert Doug Kennedy says. Always vital for their role in first impressions, front-desk personnel today are essential in marketing as well, Kennedy writes.