The daily business briefing: March 9, 2016
Lockheed Martin to cut 1,000 aerospace jobs, the Better Business Bureau spars with Trump, and more

- 1. Lockheed Martin to cut 1,000 aerospace workers
- 2. Better Business Bureau says Trump University had a D- rating in 2010
- 3. Dick's Sporting Goods reports weak winter sales
- 4. Administration to further ease Cuba restrictions ahead of Obama visit
- 5. Chipotle outlet near Boston temporarily closed after 4 workers diagnosed with norovirus

1. Lockheed Martin to cut 1,000 aerospace workers
Lockheed Martin is planning to cut 1,000 jobs in its aerospace division. The Texas-based division, which makes the F-35, F-22, and other fighter jets, says the move is necessary to remain competitive. The Maryland-based parent company has about 126,000 employees around the world. News of the voluntary program to reduce the number of mid-level employees was followed by a more-than-2-percent rise in Lockheed Martin's stock.
2. Better Business Bureau says Trump University had a D- rating in 2010
The Better Business Bureau on Tuesday refuted claims Donald Trump has made surrounding its ratings of his now-defunct Trump University. Questioned in the latest GOP debate about students suing for their money back, Trump said the BBB gave Trump University an A rating, but the agency said his venture received a D- in 2010. It was only after the school closed in 2013 and complaints from students stopped rolling in that its rating rose to an A+ in January 2015.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
3. Dick's Sporting Goods reports weak winter sales
Dick's Sporting Goods on Tuesday reported disappointing quarterly earnings in the latest sign of trouble for the industry. Chief Executive Officer Edward Stack blamed the slump on warm weather that curbed demand for winter sports gear. The retailer also forecast weak sales this year. The company plans to invest in improving the shopping experience at its stores, which could help it benefit from rival Sports Authority's recent bankruptcy. The company's stock dropped by as much as 5.6 percent on Tuesday.
4. Administration to further ease Cuba restrictions ahead of Obama visit
The Obama administration plans on March 17 to announce further easing of travel and trade restrictions on Cuba, Reuters reported Tuesday, citing Congressional sources. The new rules will come ahead of President Obama's historic visit to the Communist-ruled Caribbean island later this month. The move will be the latest in several steps Obama has taken in an ongoing effort to restore ties with the former Cold War foe despite Congress' resistance to easing a half-century-old economic embargo.
5. Chipotle outlet near Boston temporarily closed after 4 workers diagnosed with norovirus
Chipotle Mexican Grill shares dropped by more than 2 percent in pre-market trading on Wednesday, after four employees at one of the chain's Boston-area restaurants fell ill with norovirus. The workers were diagnosed on Tuesday, and the restaurant where they work was closed for a full cleaning. No customers have been sickened by the food-borne illness so far. Chipotle recently took steps to improve food safety after a series of food-borne illness outbreaks that have dragged down the company's stock by 20 percent in the last year.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
-
Law firms: Caving to White House pressure
Feature Trump targets major law firms tied to his past investigations
By The Week US Published
-
Venezuelan deportees: Locked up for tattoos?
Feature A former pro soccer player was deported after U.S. authorities claimed his tattoo proved he belonged to a Venezuelan gang
By The Week US Published
-
Saving the post office
Feature The U.S. Postal Service is facing mounting losses and growing calls for privatization. Can it survive?
By The Week US Published
-
'Like a sound from hell': Serbia and sonic weapons
The Explainer Half a million people sign petition alleging Serbian police used an illegal 'sound cannon' to disrupt anti-government protests
By Abby Wilson Published
-
The arrest of the Philippines' former president leaves the country's drug war in disarray
In the Spotlight Rodrigo Duterte was arrested by the ICC earlier this month
By Justin Klawans, The Week US Published
-
Ukrainian election: who could replace Zelenskyy?
The Explainer Donald Trump's 'dictator' jibe raises pressure on Ukraine to the polls while the country is under martial law
By Sorcha Bradley, The Week UK Published
-
Why Serbian protesters set off smoke bombs in parliament
THE EXPLAINER Ongoing anti-corruption protests erupted into full view this week as Serbian protesters threw the country's legislature into chaos
By Rafi Schwartz, The Week US Published
-
Who is the Hat Man? 'Shadow people' and sleep paralysis
In Depth 'Sleep demons' have plagued our dreams throughout the centuries, but the explanation could be medical
By The Week Staff Published
-
Why Assad fell so fast
The Explainer The newly liberated Syria is in an incredibly precarious position, but it's too soon to succumb to defeatist gloom
By The Week UK Published
-
Romania's election rerun
The Explainer Shock result of presidential election has been annulled following allegations of Russian interference
By Sorcha Bradley, The Week UK Published
-
Russia's shadow war in Europe
Talking Point Steering clear of open conflict, Moscow is slowly ratcheting up the pressure on Nato rivals to see what it can get away with.
By The Week UK Published