Register for E-mail alerts. Comment on articles. Sign up today, it's easy.
Close
The Washington Times Online Edition

Economy Briefs

LAYOFFS

Sears lays off 100 at Illinois headquarters

CHICAGO | Sears laid off 100 workers at its headquarters outside of Chicago on Thursday, two months after the company got a hefty tax credit for dropping a threat to move its headquarters out of state.

Sears Holding Corp. spokesman Chris Brathwaite said the layoffs of “about 100 associates” at the company’s headquarters in Hoffman Estates took effect immediately.

Mr. Brathwaite said the job cuts do not violate the terms of a $150 million tax credit for Sears approved by the Illinois General Assembly in December after the company threatened to move its headquarters out of Illinois.

The Sears spokesman said the headquarters workforce remains above the job levels required in the legislation even with Thursday’s layoffs.

The cuts leave about 6,100 people working at the Hoffman Estates site. The deal with the state requires Sears to keep 4,250 jobs there.

AUTO INDUSTRY

Regulations approved for self-driving cars

CARSON CITY, NEV. | Nevada is envisioning a day when taxicabs might shuttle fares without a driver, or people with medical conditions that make them ineligible for a license could get around with a virtual chauffeur.

The concept took a big step when Nevada became the first state to approve regulations that spell out requirements for companies to test driverless cars on state roads.

“Then they have to take us out and prove that they can do it,” Bruce Breslow, director of the Nevada Department of Motor Vehicles, said of the autonomous vehicles. “They’re not ready to go to market yet,”

But Nevada intends to be ready when they are, and officials hope to stay ahead of other states, such as Florida and Hawaii, that are considering similar testing regulations, Mr. Breslow said.

TOURISM

Noah’s Ark attraction gets final piece of land

Story Continues →

View Entire Story

© Copyright 2012 The Washington Times, LLC. Click here for reprint permission.

Comments
blog comments powered by Disqus
You Might Also Like
  • More images, videos reveal GSA fun at 2010 Vegas conference

  • D.C. Mayor Vincent C. Gray. (Barbara L. Salisbury/The Washington Times)

    Campaign aide for Gray cuts plea deal

  • **FILE** President Obama, accompanied by Health and Human Services Secretary Kathleen Sebelius, announces the revamp of his contraception policy requiring religious institutions to fully pay for birth control on Feb. 10, 2012, at the White House. (Associated Press)

    Catholic leaders take aim at Obama contraception plan

  • Happening Now

        Independent voices from the TWT Communities

        Political Potpourri

        A collection of reader guest articles, thoughts and opinions by Communities writers and breaking news and information.

        Travel the World

        It's a big world to play in, and learn from. Join us as we travel it's boundaries and beyond.