Business

Friday’s business headlines

INDIANAPOLIS (WISH) — Here’s a look at Friday’s business headlines.

UPS

UPS says it plans to hire more than 100,000 people for the busy holiday shipping season, many of whom will get job offers within 30 minutes of applying.

UPS needs to snap up workers as fast as it can because of the tight job market.

UPS said it pays between $15 per hour and $22 per hour, depending where in the country the job is located.

Amazon

Amazon will fully find college tuition for over 750,000 of its frontline employees.

It plans to spend about $1.2 billion in the next four years on its U.S. employees, funding full college tuition and high school diplomas, including English proficiency certifications as well as upskilling programs.

Target and Walmart also offer help with employee tuition.

E-cigarette

The FDA said it will need more time before deciding on whether to pull Juul’s e-cigarettes from the market in the United States.

The agency said Thursday that it has made decisions on more than 90% of the new tobacco products that were submitted for review, but it will need more time to complete its review of the remaining products, including the prolific Juul e-cigarettes.

Wells Fargo

Wells Fargo was hit with a $250 million fine from a banking regulator after it failed to properly execute a mortgage loss mitigation program.

The Office of the Comptroller of the Currency said the bank engaged in “unsafe or unsound practices.”

Wells Fargo has paid more than $4 billion in penalties since its 2016 fake accounts scandal was uncovered.

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