40 employers hiring at today's career fair
Persons interested in finding out about available jobs will be able to talk with local employers and apply for positons with 40 employers today from 9 a.m. to 3 p.m. at the Chattanooga Times Free Press, 400 E. 11th St. in downtown Chattanooga.
Employers at the career fair will be hiring for healthcare, logistics, sales, retail, administrative, professional and manufacturing jobs. Registration is not required to attend the event, but persons may register at timesfreepress.com/jobfair in advance to be eligible to win a $250 shopping spree.
Volkswagen to build electric Microbus
Volkswagen is bringing back the Microbus. At least something that looks a lot like one, according to Fox News.
VW brand Chairman Herbert Diess has confirmed to Auto Express that a model based on the electric I.D. Buzz concept unveiled at this year's North American International Auto Show has been greenlighted for production.
The retro-inspired I.D. Buzz features a battery pack mounted flat in the floor, Tesla Model X-style, that VW says is good for 270 miles of range and is equipped with a wireless charging system that can deliver an 80 percent charge in just 30 minutes. An electric motor at each axle provides 369 hp, all-wheel-drive capability and 0-60 mph acceleration in five seconds, which is quicker than a VW GTI compact.
Takata bankruptcy may mean victims get less
Legal experts say an expected bankruptcy filing by Japanese air bag maker Takata will leave little money for dozens of people who sued the company over deaths and injuries caused by exploding air bag inflators.
So far the faulty inflators have killed 11 people in the U.S. and 16 worldwide. Over 180 people have been injured. The problem touched off the biggest recall in U.S. automotive history.
Oil's slide pulls stock prices down
The price of oil slumped to its lowest level of the year on Tuesday and helped to pull U.S. stock indexes off their record highs set a day earlier.
The Standard & Poor's 500 index fell 16.43 points, or 0.7 percent, to 2,437.03, and the Dow Jones industrial average lost 61.85 points, or 0.3 percent, to 21,467.14. The Nasdaq composite lost 50.98 points, or 0.8 percent, to 6,188.03.
Benchmark U.S. crude lost 97 cents, or 2.2 percent, to settle at $43.23 per barrel, and Brent crude, the international standard, fell 89 cents to $46.02 per barrel.
Barclays, former CEO charged with fraud
British regulators charged Barclays bank and four former executives, including then-CEO John Varley, with conspiracy to commit fraud when they asked Qatar for 6.1 billion ($7.7 billion) to avoid a government bailout during the financial crisis in 2008.
The Serious Fraud Office announced the charges Tuesday following an investigation into two rounds of fundraising from Qatar in 2008. The probe centered on agreements under which Barclays paid the Qatari investors 322 million pounds.
Investors offer to buy Sun-Times over rival
An investor group headed by a former Chicago city council member and labor unions has submitted a bid to buy the Chicago Sun-Times - a move that, if successful, would prevent the paper's biggest rival from purchasing it.
The bid led by former Alderman Edwin Eisendrath and the Chicago Federation of Labor comes a month after the owner of the Sun-Times, Chicago-based-Wrapports LLC announced it had agreed to enter into discussions with Tronc, which owns the rival Chicago Tribune and several other major newspapers, to acquire the paper.
Eisendrath would not discuss details of the bid to buy Wrapports, but confirmed the investor group has raised about $15 million.
Sun-Times Publisher and Editor in Chief Jim Kirk said the company is evaluating the new bid.
Eisendrath said a major motivation to buy the paper is to make sure his hometown has a paper that tells the stories of working people.
"In my view, a great newspaper in a great democracy has to tell stories that are meaningful to 99 percent of the people," he told The Associated Press Tuesday.