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5/22/2017

Ford is removing CEO Mark Fields and replacing him with Jim Hackett, chairman of subsidiary Ford Smart Mobility, sources say. Executive Chairman Bill Ford and other board members reportedly have lost confidence in Fields.

5/22/2017

Ford is reportedly bowing to shareholder pressure and replacing CEO Mark Fields with Jim Hackett, who led turnarounds at Steelcase and University of Michigan athletics and currently leads a unit of Ford. The automaker's profits have slipped in the past year-plus as it has invested in self-driving-car technology and other forward-looking areas.

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Bloomberg
5/22/2017

Card catalogs stopped being printed in 2015, but Librarian of Congress Carla Hayden says the book system is part of an important history. "It was really the first search engine, so I think for younger generations it is an eye-opener to think about the written catalog and how far we have come in organizing data and making it findable," she says.

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Smithsonian online
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search engine
5/22/2017

Companies can get their products in front of more buyers by using videos, photos and infographics that can be shared via social media, writes James Jones. Firms that engage with customers, lead through social media and position themselves as brand experts will generate more interest among potential buyers.

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Tech.co
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social media, James Jones
5/22/2017

The US economy is currently "doing OK," said San Francisco Federal Reserve Bank President John Williams. However, the economy should look to services, instead of manufacturing, for future growth, Williams said.

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Reuters
5/22/2017

Tens of thousands of AT&T workers left their jobs Friday after the company missed a union deadline to draft a contract. The workers, many without a contract for the past year, are seeking higher wages, better sales commission, job protection and increased health care contributions.

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AT&T
5/22/2017

Traditional economic models tell us that wages rise when unemployment is low. Yet, in this time of near-full employment, wages are standing still.

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Bloomberg
5/22/2017

A group of small business owners is headed to Washington, D.C., this week to lobby against a proposed tax on imported goods. Tee Miller, who owns a clothing shop in South Carolina, says he might need to raise prices and cut his staff if the tax becomes law.

5/22/2017

President Donald Trump arrived in Israel today, greeting leaders and saying the opportunity exists for peace in the region, an issue he will delve into further on his two-day visit to the country as he works on peace discussions between the Palestinians and Israel. Over the weekend, Trump visited Saudi Arabia and told a group of leaders from 50 Islamic nations they need to work together to defeat terrorism.

5/22/2017

The Trump administration is set to release its official budget proposal for fiscal 2018 on Tuesday. Based on a preliminary budget released in March, the budget is expected to cut Environmental Protection Agency funding more than 30% and drop $800 billion from Medicaid support.

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CNN, The Hill