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Jaguar Land Rover 'to cut 1,000 jobs'

Jaguar Land Rover 'to cut 1,000 jobs'

Business
Jaguar Land Rover is to shed 1,000 jobs and cut production at two sites, according to reports.The carmaker said it would make an announcement to employees on Monday regarding its production plans for 2018/19.It added: "In light of the continuing headwinds impacting the car industry, we are making some adjustments to our production schedules and the level of agency staff."We are however continuing to recruit large numbers of highly skilled engineers, graduates and apprentices as we over-proportionally invest in new products and technologies."We also remain committed to our UK plants in which we have invested more than £4bn since 2010 to future-proof manufacturing technologies to deliver new models."Production will be cut at the Castle Bromwich and Solihull sites, with affected staff based a
US stocks tumble as Dow sheds another 1,000 points

US stocks tumble as Dow sheds another 1,000 points

Business
US stocks have tumbled again, deepening the losses felt earlier this week.The Dow Jones Industrial Average closed down 1,032 points (or 4.15%), meaning it is 10% down from the record high it reached two weeks ago.This also puts it in what is known on Wall Street as a "correction".It is the second-worst fall in history, eclipsed only by Monday's 1,175-point plunge.The broad-based S&P 500 dropped 100 points or 3.75%, and the tech-rich Nasdaq was down 3.9%.Stocks began to fall in early trading and their losses grew throughout the day.Technology companies and banks were the big losers, with Microsoft and JP Morgan Chase both losing 1.7%.Analysts blamed higher treasury bond yields for Thursday's poor performance, also saying the market has become too expensive and was due for correction.But...
Credit card debt is costing you nearly $1,000 per year

Credit card debt is costing you nearly $1,000 per year

Finance
Three simple ways to pay off credit card debtThere's plenty to crow about in the economic picture right now: the stock market is charging ahead and the economy is expanding. But the bad news is that credit card debt is on the rise. Nearly half of Americans carry credit card debt, with an average balance of $ 15,654, according to an analysis by NerdWallet, based on data from the Federal Reserve Bank of New York and the U.S. Census Bureau. Credit card debt continues to be one of the costliest kinds of debt for us. Households pay an average of $ 904 a year in interest alone, assuming an average annual percentage rate of 14.87%. And the price is bound to go up. If the Federal Reserve makes its anticipated rate increase, that average cost of credit will go up to $ 919 a year. "Finding a way ...
Fury as touts selling Peter Kay tour tickets for £1,000 a seat

Fury as touts selling Peter Kay tour tickets for £1,000 a seat

Entertainment
The comedian’s upcoming tour – his first since 2010 – sold out within minutes of going on sale at 10am today.Many lucky enough to nab tickets immediately tried to cash in by selling them on sites such as StubHub! and Ticketmaster.Some greedy fans who got pre-sale seats even tried to flog them before they went on general sale.Stall seats costing £55 each were being offered for £417 each on Saturday night.TWITTER/GETTY/WIREIT’S TOUT OF ORDER: Demand to see Peter Kay live on tour has seen resale prices soarTWITTERTOUR: Peter Kay will start in April 2018 before wrapping up in March 2019 “Presale for Peter Kay is sold out and they are already on StubHub! at twice the price” Angry fan tweetAfter they went on general sale the prices rose to a staggering £1,000 a seat.Others we
Wanted: 1,000 new Delta flight attendants

Wanted: 1,000 new Delta flight attendants

Finance
5 stunning stats about airlinesDelta is on the hunt for new flight attendants. The airline has more than 1,000 open flight attendant positions for 2018 and the competition is stiff. Last year, 150,000 people applied for around 1,200 flight attendant jobs. Fewer than 1% of applicants were hired. So far, Delta has received more than 125,000 applications for this hiring round. So what makes it such a tough gig to land? "You need to not only be a customer service professional, but also a safety expert," said Ashton Morrow, a Delta(DAL) spokeswoman. Related: Delta's passengers are paying more It's a long hiring process: applicants first submit an application, then chosen candidates submit a video of themselves answering a set of questions. Selected candidates are then asked to come in for a...