Honeywell International plans to move its headquarters from New Jersey to Charlotte, where it sees more opportunities for recruiting executive talent and will be closer to its operating units. About 800 employees will remain at its offices in Morris Plains, N.J., according to a statement Friday.
The manufacturer’s move follows other companies that have moved corporate offices out of states with high taxes. Those costs were exacerbated by a new law last year that removed state income-tax deductions on federal taxes. North Carolina has a lower state income tax than New Jersey for higher-paid employees.
Honeywell will employ about 750 workers at its new site by the end of 2024, including at least 150 executives from Morris Plains, who will begin moving in the first half of next year. Another 100 people will transfer from its safety products unit, located in Fort Mill, S.C.
— Associated Press
Apple and Amazon.com said Friday that the iPhone maker’s music-streaming service is coming to Amazon’s Echo devices this month.
The move gets Apple Music onto the most popular voice-controlled speakers, giving it distribution beyond Apple’s own devices. Subscribers will be able to control Apple Music with the Alexa digital assistant, the first time Apple has opened its music service to full voice control outside its Siri technology.
The move pushes Apple’s music service into more homes as its own Internet-connected speaker, the HomePod, hasn’t sold as well as the competition. Given the breadth of Alexa-enabled speakers on the market, the move could also boost Apple’s subscription numbers.
Apple Music has more than 50 million subscribers.
(Amazon chief executive Jeffrey P. Bezos owns The Washington Post.)
Sprint Communications won an appeals court ruling that affirmed a $140 million patent-infringement verdict against Time Warner Cable over Voice over Internet Protocol services.
The U.S. Court of Appeals for the Federal Circuit on Friday affirmed a jury decision that Time Warner Cable, now owned by Charter Communications, infringed on five Sprint patents related to packet-switched networks. The 2-1 decision was posted on the electronic docket.
Sprint filed the suit against Time Warner Cable and other cable television companies in 2011, claiming they used, without permission, Sprint inventions for transmitting phone calls over digital lines.
Last year, Comcast agreed to pay Sprint $250 million to settle its case.
Sanderson Farms by March will stop using antibiotics vital to fighting human infections to prevent diseases in chickens, the company said Friday, becoming the last major chicken producer to halt use of the drugs. The move by the third-largest U.S. poultry producer addresses concerns that the overuse of antibiotics in chickens may diminish their effectiveness in fighting disease in people. Sanderson Farms has run ads defending its use of antibiotics but will now stop using an antibiotic called gentamicin to keep chicks healthy and another called virginiamycin in its feed.
Tesla met its production target of 1,000 Model 3 cars per day, automotive news website Electrek reported Friday, citing chief executive Elon Musk's email to employees. The car was introduced in early 2016 amid great fanfare, with repeated promises throughout 2017 that Tesla was "on track" to build 5,000 Model 3s per week by the end of that year. Despite the electric carmaker achieving its target for the sedan, Tesla still needs to demonstrate if it can sustain that level of production.
U.S. banks will pay the industry's top regulator 10 percent less for supervision costs in 2019, saving them more than $90 million, the Office of the Comptroller of the Currency said Friday. Comptroller Joseph Otting, who has sought to cut regulatory costs since taking the reins in November 2017, said in a statement the agency has shown it could operate more efficiently. The OCC charges a fee to cover day-to-day supervision of national banks, based on a percentage of their total assets.
— From news services