Nation & World
Battery company to hire hundreds in N.C.
A small start-up company said Monday it would create hundreds of jobs when it moves into a massive, former Philip Morris USA cigarette plant to build batteries that it says will help power companies save energy and work more efficiently. North Carolina officials on Tuesday are expected to hear Alevo Group representatives discuss plans to manufacture the utility-scale batteries at the factory site in Concord.
Nutek recalls baby wipes because of bacterium
Nutek Disposables, a Pennsylvania company, is recalling all 10 brands of baby wipes it makes, including those made for Walgreens and Diapers.com, as some packs may contain a bacterium known to pose a risk to people with certain health problems. Return the product to the store for a full refund. Or call 855-646-4351 with questions.
Retailers face merchandise shortage
After years of ending the holiday shopping season with too much merchandise stacked in their warehouses, U.S. retailers face the opposite this year: They may not have enough. Equipment shortages, labor negotiations and rail delays are slowing shipments from the Ports of Los Angeles and Long Beach, Calif., the nation’s biggest container hub, just as retailers are piling up goods for their most important period of the year.
Dunkin’ Donuts introducing croissant-doughnut hybrid
Dunkin’ Donuts plans to roll out a croissant-doughnut hybrid in the U.S. next week, but the company says please don’t call it a “Cronut.” The chain said it will launch its “Croissant Donut” nationally for a limited time starting Nov. 3. It comes more than a year after the Dominique Ansel Bakery in New York City introduced its now trademarked Cronut, which became a viral sensation and spawned numerous knockoffs.
Home sales up slightly
The number of Americans signing contracts to buy homes ticked up only slightly in September, as it remained difficult to qualify for mortgage financing. The National Association of Realtors said Monday that its seasonally adjusted pending home sales index rose 0.3 percent over the past month to 105. The index remains half a percentage point below its 2013 average, although 1 percent higher than a year ago.
Toyota is top car
Toyota continues its winning streak atop Consumer Reports’ annual reliability rankings. The company’s Toyota and Lexus brands top the survey, while its Scion brand is in the top 10. It’s the eighth year in a row that a Toyota brand has led the rankings.
• Apple CEO Tim Cook is challenging his home state of Alabama to do more to ensure the rights of people based on sexual orientation and gender identity.
• The price of oil dipped below $80 a barrel Monday, after a major investment bank lowered its forecast for crude prices this year and next.
• Regal Entertainment Group, the largest movie theater chain in the U.S., said it will explore options including a potential sale.
The Associated Press, Chicago Tribune, Bloomberg News and Los Angeles Times contributed.