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Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn apologizes for payroll error at Chinese iPhone factory after workplace unrest

Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over wages and conditions Apple says it has a team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday that a payroll-related “technical error” occurred when hiring new hires at a coronavirus-hit iPhone …

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First TVs, now tortillas: US companies set minimum prices to end discounts

First TVs, now tortillas: US companies set minimum prices to end discounts

NEW YORK, Nov 17 (Reuters) – Makers of everything from toys to tortillas are increasingly setting minimum prices on their products to maintain profits and limit price cuts as retailers like Walmart Inc (WMT. N) and Amazon.com Inc (AMZN.O) are trying to corner online sales. As a result, shoppers are enjoying fewer discounts on everyday …

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Wall Street ends lower after Target outlook and Micron bid cut

Wall Street ends lower after Target outlook and Micron bid cut

October retail sales rise more than expected Target’s bleak outlook weighs on retailers Micron supply cut triggers chip sell-off Indices down: Dow 0.12%, S&P 0.83%, Nasdaq 1.54% Nov 16 (Reuters) – Major Wall Street indexes ended lower on Wednesday as a gloomy outlook for Target sparked fresh concerns over retailers ahead of the crucial holiday …

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