Thursday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Thursday’s business headlines.
Target
Target is rolling out a new education program that will cover the cost of associate and undergraduate degrees at select schools. It will also help pay for graduate school costs.
The big-box retailer is the latest company to dangle perks to woo job candidates in a competitive market.
Walmart, Chipotle and Starbucks offer similar debt-free education programs.
Toyota
Toyota reported a record profit for the quarter.
Quarterly sales soared 73% from the previous year.
Worries remain though, such as the ongoing shortage of semiconductors and the rising costs of materials.
Auto emissions
The Biden administration is planning to unveil new emission rules for cars Thursday at the White House.
Reuters reports representatives of several automakers are invited to the event.
Ford is expected to showcase its F-150 Lightning, an electric version of its F-150 pickup truck.
The new tailpipe rules will be crucial to meeting Biden’s goal of achieving net-zero emission by 2050.
Biodiesel
U.S. bread and donut makers urge President Biden to roll back biofuel requirements.
They argue that using fuel made from crops could raise the cost of donuts, bread and other foods.
Baked good companies want the Biden administration to lower biodiesel blending mandates to 2019 levels or at least “hold the line” on any growth.