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KeyCorp is “dramatically” increasing the length of parental leave for employees and offering more flexibility for working remotely as part of a number of measures to help retain talent, CEO Chris Gorman says.
Southern loggers are pushing wood production to a 13-year high. So why is the price of lumber up 288%? Fortune 2 hrs ago © Ty Wright/Bloomberg—Getty Images Absorbent lumber prices mean money, in a sense, does grow on trees. It's why loggers are racing to cut down more Southern yellow pines—a plentiful pine that dots the Deep South. On Tuesday, British Columbia-based lumber giant Canfor announced its plan to invest $160 million to build its first-ever sawmill in Louisiana. That comes after British Columbia-based West Fraser Timber announced in May it'll spend $150 million to expand fiv...
Ty Wright/Bloomberg The national debate around student loan forgiveness has shifted into high gear. Last month, Sen. Chuck Schumer called for the elimination of up to $50,000 of student loan debt, joining a chorus of activists for debt forgiveness. Not to be outdone, Secretary of Education Betsy Devos just extended a pandemic-inspired moratorium on student loan payments. President-elect Joe Biden is facing high expectations to pursue broad-based student loan relief as soon as his first day in office. And the country is still sifting through the new fede...
After Huntington and TCF combine, the newly formed Huntington will maintain two headquarters: one in Detroit, where TCF is based, and the second in Columbus, Ohio. The Detroit headquarters will house the commercial bank while the consumer segment will be based in Columbus. “We wanted to make this a win-win for Michigan and Ohio,” Stephen Steinour, chairman and chief executive at Huntington told Barron’s. He went on to note that TCF is the right partner for the bank, given their overlapping geographic footprint and complementary businesses. By joining up with TCF, Huntington expects t...
Administratia SUA intentioneaza sa impuna sanctiuni Turciei pentru achizitionarea din Rusia a sistemelor antiaeriene S-400 din Rusia. Sanctiunile vin la aproape trei ani de zile de cand Moscova si Ankara au batut palma pentru acest tip de sisteme. Presa internationala sugereaza ca sanctiunile pe care Washingtonul vrea sa le impuna vizeaza administratia industriei de aparare din Turcia dar si pe seful acesteia, Ismail Demir.