GM's plan for employee health care, the last gift from Toys ‘R’ Us, and more top news
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General Motors has teamed up with Detroit’s Henry Ford Health System on a direct health plan for employees. GM’s Detroit-area non-union workers will have access to the program, which can save them up to $900 a year compared to the current cheapest offering. GM will reward Henry Ford with extra payments if it meets goals for cost, quality and workforce health. Other companies such as Walmart, Disney and Intel have made similar deals, which deviate from traditional plans in which companies work through insurers. ? Here’s what people are saying.
Parents mourning the loss of Toys “R” Us by showering their children with presents may have also gifted the toy industry a nice boost. Sales in the industry increased 7% during the first half of 2018 — driven by toys priced between $5 and $20. The sales bump follows the iconic toy retailer's demise earlier this year. Other retailers plan to dedicate more space and carry more toys in the upcoming holiday season, according to CNBC. ? Here’s what people are saying.
Washington restored trade sanctions on Tehran that had been suspended under an international nuclear non-proliferation treaty in 2015. Iran is prohibited from using U.S. dollars, effectively barring the country from international financial transactions and oil purchases. President Trump says he’s open to a “more comprehensive deal” that also addresses Iran’s missile testing and political activities. The EU spoke out against the sanctions, telling European companies that conduct business with Iran to effectively “ignore” the order. ? Here’s what people are saying.
The beleaguered subscription-service MoviePass will soon limit its customers to three movies per month, down from one per day. MoviePass also said it no longer plans to increase the cost of its monthly subscriptions. The cutback is the latest effort to stabilize the service, although most customers will be unaffected: 85% watch at most three films per month. Last month, MoviePass had to take out an emergency loan after it ran out of cash and stopped working in most theaters. ? Here’s what people are saying.
?The first female CEO of PepsiCo is leaving her post after 12 years at the helm. Indra Nooyi will end her tenure at the beverage giant in October, when company president Ramon Laguarta will succeed her. Nooyi, one of a few women to run an S&P 500 company, joined PepsiCo 24 years ago and will remain on the company’s board until 2019. ? Here’s what people are saying.
Idea of the Day: It’s worth considering that your ideas may also have the potential to help others, writes Dr Annie McAuley, who after suffering from a traumatic brain injury used the experience of relearning how to speak to create a game that teaches children to talk.
“I’ve taken what I had created as a solution for my own family and turned into a global company.”
What's your take on today’s stories? Share your thoughts in the comments.
Attended Darbhanga College of Engineering
6 年Hello
Student at College for Creative Studies
6 年Toys "R" Us... :'(
self employed
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