Business
Ford to restructure supply chain following $1 billion in unexpected quarterly costs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor on Thursday announced plans to restructure its global supply chain, days after the company said it expects to book an extra $1 billion in unexpected supplier […]
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Mississippi official pleads guilty in welfare scandal that involves Brett Favre
John Davis, former director of the Mississippi Department of Human Services, enters the Thad Cochran United States Courthouse in Jackson, Miss., Thursday, Sept. 22, 2022, where he is set to plead guilty to new federal charges in a conspiracy to misspend tens of millions of dollars that were intended to help needy families. Rogelio V. […]
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U.S. ratifies global treaty to curb climate-warming chemicals in air conditioning, refrigeration
U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to the media after the 51-50 vote passed the “Inflation Reduction Act of 2022” on Capitol Hill in Washington, D.C., U.S. August 7, 2022. Ken Cedeno | Reuters The Senate has voted to ratify a global climate treaty that will phase down the use and production of hydrofluorocarbons, […]
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Amazon averaged 13 million viewers for its ‘Thursday Night Football’ debut, according to Nielsen data
Kansas City Chiefs quarterback Patrick Mahomes (15) is sacked by Los Angeles Chargers linebacker Drue Tranquill (49) in the first quarter at Arrowhead Stadium on Thursday, Sept. 15, 2022, in Kansas City, Missouri. Tammy Ljungblad | Tribune News Service | Getty Images Amazon Prime averaged 13 million viewers for its debut live stream of “Thursday […]
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Activist investor pushes Kohl’s to oust its CEO and chairman
Michelle Gass Chris Ratcliffe | Bloomberg | Getty Images Activist investor Ancora Holdings is pushing Kohl’s to remove its chief executive and its chairman. Ancora sent a letter to the board Thursday asking for the replacement of CEO Michelle Gass and Chairman Peter Boneparth. The firm, which has a 2.5% stake in Kohl’s, wants new […]
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‘Avatar’ returns to theaters as Disney tries to hype audiences for its long-delayed sequel
Avatar Source: Walt Disney Studios The Na’vi return to the big screen this weekend as Disney looks to reignite interest in its newly acquired Avatar franchise, three months before the debut of the long-delayed sequel, “Avatar: The Way of Water.” Bringing the highest-grossing film of all time back to theaters has two purposes for Disney: […]
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Why Target Canada was a massive failure
Target’s entry into the Canadian market in 2013 was its first foray in international expansion. A combination of extensive renovation needs, a flawed merchandising system, tight time frame and inadequate leadership were some of the reasons the big-box retailer decided to close all 133 stores in the country in 2015. Target does not intend to […]
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Olive Garden parent Darden stands by outlook after mixed quarterly results
An order of breadsticks from a Darden Restaurants Inc. Olive Garden Getty Images Darden Restaurants on Thursday reported mixed quarterly results but still reiterated its outlook for fiscal 2023. The parent company of Olive Garden and LongHorn Steakhouse said net sales for the quarter rose 6.1% to $2.45 billion, which was lighter than Wall Street’s expectations. […]
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5 things to know before the stock market opens Thursday
Traders on the floor of the NYSE, Sept. 14, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. The morning after Investors were seeking longer-term clarity from the Federal Reserve on Wednesday, but they didn’t like it when the central bank did just that. While […]
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Target plans to hire 100,000 seasonal workers for the holidays and start deals early
A hiring sign is posted i front of a Target store on February 05, 2021 in San Rafael, California. Justin Sullivan | Getty Images Target announced Thursday that it will hire 100,000 seasonal workers for the holidays and start offering markdowns the first week of October. The company said the new workers will be hired […]
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