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Food giant Frito-Lay — maker of the popular snacks Cheetos, Doritos and Lay’s potato chips — announced Tuesday it will shutter two of its manufacturing and warehouse facilities in Orlando, eliminating 500 jobs.

In a letter to the state’s Department of Commerce, the company said it planned to terminate 454 positions this week at its facility off Silver Star Road.

The positions include mechanics, packagers, machine operators, handlers, managers, maintenance workers and the plant’s director, wrote Bonny Bourque of Frito-Lay’s Southeast Division.

The affected employees have been told they will be provided with 60 days of severance pay, according to the letter.

In a separate letter on Tuesday to the state, Bourque said the company also will stop its operations at its smaller facility at 2000 Parks Oaks Ave. by May 9 and eliminate 46 jobs. Those positions include handlers, supervisors, and warehouse workers.

Based in Plano, Texas, Frito-Lay is part of PepsiCo Foods and has nearly three dozen manufacturing plants across the country and Canada. It employs about 60,000 people in total. read more

By BERNARD CONDON, AP Business Writer

NEW YORK (AP) — Elon Musk turned off many potential buyers of his Tesla cars and sent sales plunging with his foray into politics. But the stock has soared anyway and now he wants the company to pay him more — a lot more.

Shareholders gathering Thursday for Tesla’s annual meeting in Austin, Texas, will decide in a proxy vote whether to grant Musk, the company’s CEO and already the richest person in the world, enough stock to potentially make him history’s first trillionaire.

It’s a vote that has sparked heated debate on both sides of the issue, even drawing the pope’s comments on it as an example of income inequality.

Several pension funds have come out against the package, arguing that the board of directors is too beholden to Musk, his behavior too reckless lately and the riches offered too much.

Supporters say Musk is a genius who is the only person capable of ushering in a Tesla-dominated future in which hundreds of thousands of self-driving Tesla cars — many without steering wheels — will ferry people and humanoid Tesla robots will march around factories and homes, picking up boxes and watering plants. The pay is necessary to incentivize him, they say, and keep him focused. read more

By YURI KAGEYAMA, Associated Press Business Writer

TOKYO (AP) — Toyota reported a 7% year-on-year drop in profit for April-September on Wednesday, as U.S. President Donald Trump’s tariffs slammed Japanese automakers.

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Net profit for the April-September period at Toyota Motor Corp. totaled 1.77 trillion yen ($11.5 billion), down from 1.9 trillion yen a year earlier.

But the maker of the Camry sedan and Lexus luxury models lifted its profit forecast for the full fiscal year ending in March 2026 to 2.93 trillion yen ($19 billion), citing better vehicle sales and cost-cutting efforts. read more

The latest quarterly injury report from Florida’s theme parks includes the September death of Kevin Rodriguez Zavala, whose autopsy pointed to “multiple blunt impact injuries” when he was found unconscious after riding Stardust Racers, a roller coaster at Epic Universe.

The Zavala case is listed, without elaboration, as the fatality of a 32-year-old man. It is one of seven injuries reported for Universal Orlando parks in the July-September period.

The state’s major theme parks self-report about visitors who are injured on rides, if they result in at least 24 hours of hospitalization. The totals are made public through an agreement with the Florida Department of Agriculture and Consumer Services.

The reports are thin on details for the incidents. The state does not receive health updates after the initial assessments, and the names of the injured are not released.

Four other coaster-related injuries were listed for Universal, including two on the Incredible Hulk Coaster at Islands of Adventure. On July 22, a 66-year-old man had chest pain after the ride, and on Aug. 20, a 56-year-old male had a headache after riding Hulk, the report says. read more

Two-time space traveler and billionaire Jared Isaacman had been on the cusp of becoming NASA’s next administrator last May when President Donald Trump yanked his nomination.

Trump has changed his mind.

“Jared’s passion for Space, astronaut experience, and dedication to pushing the boundaries of exploration, unlocking the mysteries of the universe, and advancing the new Space economy, make him ideally suited to lead NASA into a bold new Era,” Trump wrote Tuesday on a post on Truth Social announcing he was putting Isaacman back in a position to lead the agency.

Isaacman had sat through the Senate confirmation hearings in the spring and signs pointed to a bipartisan approval of his nomination to become the 15th administrator taking over the role vacated by Bill Nelson who left the position at the end of the Biden administration.

But Trump had a falling out with Elon Musk, with whom Isaacman has had a close business relationship having flown with SpaceX twice on private orbital missions. read more