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Toyota expects to roll out a pilot fuel cell electric big rig early next year in North America

October 5, 2020

Plano-based Toyota Motor North America and the company’s truck and bus subsidiary, Hino USA, say they will jointly develop a heavy-duty fuel cell electric big rig for the North American market.

The companies will use Hino’s new XL Series chassis and Toyota’s fuel cell technology to deliver “exceptional capability without harmful emissions,” according to an announcement Monday. The collaboration expands on an existing partnership to develop a 25-ton fuel cell electric truck for the Japanese market, which was announced earlier this year.

The first demonstration vehicle is expected to arrive in the first half of 2021, Toyota said.

“A fuel cell powered version of the Hino XL Series is a win-win for both customers and the community. It will be quiet, smooth and powerful while emitting nothing but water,” said a statement from Tak Yokoo, senior executive engineer at Toyota Research and Development.

Toyota and Hino have been working on

Major US Firms Roll Out Parade Of Layoffs Over Virus Crisis

October 2, 2020

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Hit hard by the coronavirus crisis and with new government stimulus funding in limbo, Disney, American Airlines and United Airlines announced 60,000 layoffs in just 24 hours — leading a barrage of job losses a month before US elections.

Insurance firm Allstate warned Wednesday that it would have to cut 3,800 jobs, and Marathon Petroleum is slashing more than 2,000 jobs — 12 percent of its workforce.

No sector is expected to be spared in the wave of layoffs and furloughs.

Financial giant Goldman Sachs is cutting what it called a “modest” total of about 400 people, ending a moratorium on job reductions that it imposed as the pandemic took hold.

American Airlines is one of many major US companies laying off workers in the face of coronavirus-related woes Photo: AFP / Daniel SLIM

New jobless claims data from the Labor Department did not brighten the picture, with 837,000 new

House Democrats roll out new $2.2 trillion stimulus plan that includes $600 federal unemployment benefits and a 2nd round of $1,200 direct payments

September 29, 2020

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Nancy Pelosi wearing a pink shirt: Chip Somodevilla/Getty Images

© Chip Somodevilla/Getty Images
Chip Somodevilla/Getty Images

House Democrats unveiled a new $2.2 trillion stimulus plan that includes reviving the $600 federal unemployment benefits until the end of January and additional stimulus checks.
It also includes funds for education, coronavirus testing, and contact tracing.
State aid and federal unemployment benefits form two areas of friction between Republicans and Democrats.
Relief negotiations have been deadlocked since early August.
Visit Business Insider’s homepage for more stories.

House Democrats unveiled late on Monday a new $2.2 trillion stimulus plan which includes reviving $600 federal unemployment benefits and a second round of stimulus checks for millions of American taxpayers.

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The new proposal — still named the Heroes Act — comes after House Democrats passed a $3.4 trillion spending package in May. It initially formed the basis of their coronavirus relief negotiations with Republicans, though they have lowered their demands and now insist

Cash Out Or Roll Over Your 401(k)? What To Do If You Lose Your Job

September 27, 2020

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More than 22 million jobs have been lost since the coronavirus pandemic shuttered businesses across the country this spring.

If you’re among the millions of Americans who’ve lost a job, and were fortunate enough to have an employer-sponsored 401(k) plan, what to do with that money is a common question—especially if you’re struggling financially.

Here are some options and what to consider before you take the next step.

Cash out or rollover your 401(k)? What to do with your retirement plan if you lose your job.

Scott Graham for Unsplash

Leave the account alone.

If your 401(k) investment balance is more than $5,000, most plans allow you to just leave it where it is. This is often the simplest choice. If you don’t urgently need the money, leaving your 401(k) account alone allows it to continue growing from investment gains.

It may make sense to roll over the 401(k), though,

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