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INDIANAPOLIS (WISH) – Here’s a look at some of Wednesday’s business headlines.
Volvo
Volvo is recalling nearly 260,000 cars in the United States because the front driver’s airbag can explode and send shrapnel into the passenger compartment.
The recall is in addition to that of November 2020, which was carried out after the death of an unidentified American driver.
The last recall coders for S80 sedans from 2001 to 2006 and S60 from 2001 to 2009.
Honeywell
Honeywell has unveiled an all-new aircraft cockpit system, called Honeywell Anthem, which is the industry’s first built with always-on cloud connectivity that delivers unprecedented operational efficiency and a clear path to autonomous flight.
It creates ways for increasingly complex airplanes to operate with greater autonomy, relieving pilot stress and promoting safety and efficiency.
Target
Target said it would pay an additional $ 2 an hour to store and service center employees who work on peak days during the holiday season, such as Saturdays and Sundays in the final weeks before Christmas.
The big box retailer had previously said it would cut hiring during the holidays and give more hours to its staff.
GenX
Generation X, the group caught between baby boomers and millennials, has experienced a wealth boom since the pandemic.
During the pandemic, the distribution of household wealth shifted from older generations to those reaching their peak income years.
The Federal Reserve said Gen X, aged 41 to 56, saw big gains in stocks and pension settlements, as their share of the nation’s consumer debt declined.
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