Stocks waver..Mazda issues recall...JC Penney hiring for the holidays
NEW YORK (AP) — Stock indexes are mixed in early trading on Wall Street as losses by technology companies mostly outweigh gains by oil companies. Apple fell as investors gave a tepid reception to its new lineup of iPhones. Financial stocks also headed lower as bond yields declined.
DETROIT (AP) — Mazda is recalling more than 60,000 midsize cars in the U.S. and Canada because a wiring problem can knock out power-assisted steering and the passenger air bag. The recall covers Mazda 6 sedans from 2015 and 2016. The company says in documents posted by the U.S. government that wires under the front passenger seat can rub against welding debris, causing them to short. Owners should see multiple warning lights if the problem happens.
NEW YORK (AP) — J.C. Penney says it plans to hire more than 40,000 people during the holiday season, the same number as last year. The Plano, Texas-based department store operator says it’s looking for cashiers, workers to restock its stores and beauty consultants to work at in-store Sephora makeup shops. Penney’s says it will hold a nationwide job fair in its roughly 875 stores on Oct. 17.
PARIS (AP) — French President Emmanuel Macron (eh-mahn-yoo-EHL’ mah-KROHN’) has signed five decrees today paving the way to the implementation of labor reform measures aimed at boosting growth. The move comes as unions and political opponents stage a series of street protests. The measures aim to make it easier for firms to hire and fire, simplify negotiations between employers and employees, and reduce the power of national collective bargaining.
LONDON (AP) — London’s transport authority says it won’t renew Uber’s license to operate in the British capital. It says the car-hailing app demonstrates a lack of corporate responsibility with implications in public safety and security. Transport for London cited Uber’s approach to handling serious criminal offenses and its use of software to block regulatory bodies from gaining full access to the app.