Tuesday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Tuesday’s business headlines.
Blue collar women
Women are working in more blue collar jobs.
A number of factors are driving the trend, including companies broadening recruiting efforts in a tight labor market to being drawn by better-paying jobs to women recognizing they won’t be alone.
The increase has been especially pronounced in transportation a field that includes truck drivers, delivery people and warehouse workers. In 2018, 43% more women worked in that category than in 2000.
The number of women working as security guards, police officers and other protective service jobs also rose more than 40% since 2000. Women working construction jobs have increased by 23 %.
Walmart
Walmart isn’t taking the news of Amazon 1-day free Prime shipping lying down. It hinted in a tweet that it would do the same – but without requiring a membership fee.
Walmart didn’t have any details though.
Walmart currently offers two-day shipping on qualified items for free.
Sprint
T-Mobile and Sprint’s merger deadline was extended – again.
The two companies will now have until July 29 to convince officials at both the FCC and DOJ to approve the transaction that would combine the third and fourth largest telecommunication companies in the country into one.
The two hope to merge to have the power to be a player in 5G technology.
Eli Lilly
Eli Lilly is out with earning Tuesday.
Analysts expect a decline in earnings.
Lilly may update investors on its recent purchase of Loxo Oncology.
Lilly has had to deal with the loss of patent protections for several drugs, including Cialis and Adcirca.