A decline in residential real estate has led several recessions. With construction still in a multiyear slump, it seems unlikely to be the culprit this year. Source: NYT > Business – CONOR DOUGHERTY
Honda Plans to Leave Britain as Brexit Draws Close
The Japanese automaker, which employs 3,500 at its Swindon, England, plant, is set to close the site by 2021, two members of Parliament said. Source: NYT > Business – AMIE TSANG
XPO Logistics Will Close Warehouse Where Some Pregnant Workers Miscarried
XPO said more than 400 employees would lose their jobs in April. The New York Times had reported on workers’ miscarriages and complaints of discrimination at the Memphis warehouse. Source: NYT > Business – NATALIE KITROEFF
Europe’s Middle Class Is Shrinking. Spain Bears Much of the Pain.
Europe’s recovery from its economic crisis has left many in the middle class vulnerable. In Spain, a model of economic and labor reform, precariousness is growing. Source: NYT > Business – LIZ ALDERMAN
‘Not All Fun and Memes’: BuzzFeed News Employees Plan to Form a Union
A reporter for the site estimates the effort has the support of “90 percent” of eligible employees. The BuzzFeed founder Jonah Peretti has spoken against the idea. Source: NYT > Business
Albert J. Dunlap, Tough Executive Known as Chainsaw Al, Dies at 81
Viewing himself as a corporate doctor who knew what ailed troubled companies, Mr. Dunlap was known for his outspokenness and big layoffs. Source: NYT > Business