Auto

Tesla to cut 9% of workforce

The electric automaker is looking to cut costs and boosts profits through a structural reorganization.

Business Highlights

___ US unemployment falls nearly to 1969 levels; hiring is solid WASHINGTON (AP) — Another month of strong hiring has driven U.S. unemployment down to 3.8 percent — just a tick away from the level last seen in 1969, when Detroit still dominated the auto industry and the Vietnam War was raging.