Business

Dick’s Sporting Goods Ends Sales Of All Assault-Style Rifles, Won’t Sell Any Gun To Those Under 21 Years Old

The New York Times report: One of the nation’s largest sports retailers, Dick’s Sporting Goods, said Wednesday morning it was immediately ending sales of all assault-style rifles in its stores. The retailer also said that it would no longer sell high-capacity magazines and that it would not sell any gun to anyone under 21 years of age, regardless of local …

Read More »

NFL And Papa John’s Announce “Mutual” Split

The New York Daily News reports: Papa John’s and the NFL are splitting up. In a joint statement released on Tuesday, the two announced the pizza franchise will no longer be the official pizza of the NFL. “The NFL and Papa John’s have made a mutual decision to shift from their official league sponsorship to a focus on partnerships with …

Read More »

Democrats Woo Delta To Move Headquarters After Georgia Blocks Tax Break Over Yanked NRA Discounts

CNN reports: Georgia Republicans are threatening to withhold a hefty tax break for the airline because it ended a travel discount for the NRA. Lieutenant Governor Casey Cagle said corporations “cannot attack conservatives and expect us not to fight back.” Democrats in other states responded Tuesday by publicly wooing Delta. “Virginia is for lovers and airline hubs,” Virginia Governor Ralph …

Read More »

United Airlines Ditches NRA Discount Program

The Hill reports: United Airlines announced Saturday that it would eliminate a discount program for the National Rifle Association, following in the footsteps of competitor Delta Airlines and a host of other companies that have cut ties with the gun group in recent days. In a statement posted to its Twitter account, United said it would no longer offer a …

Read More »

Delta Airlines Joins Exodus From NRA Partnerships

Atlanta’s Fox affiliate reports: Delta has announced that it is ending a discount for NRA members that made it cheaper for them to fly to the group’s annual convention. In a tweet sent early Saturday morning, the airline said that it will be ending its contract that provided discounted rates for NRA members “through our group travel program.” Prior to …

Read More »

Ad Revenue Soars 62% For MSNBC, 32% For CNN

The Hill reports: Advertising revenue on cable news grew a prodigious 25 percent year-over-year, with MSNBC seeing the biggest jump, according a Friday report from Adweek. New data from the Standard Media Index, which tracks 70 percent of national advertising spending “fresh from the invoicing source” according to its website, shows that MSNBC grew its revenue from from January 2017 …

Read More »

Grocery Chain Winn-Dixie To File For Bankruptcy

Bloomberg reports: Bi-Lo LLC, the supermarket company that owns the Winn-Dixie chain, is preparing for a potential bankruptcy filing as soon as next month, according to people with knowledge of the matter. The retailer is planning to shut almost 200 stores as part of the move — either before or after the filing — said one of the people, who …

Read More »

DISLOYALTY: Stock Market Plummets 1000+ Points

The Associated Press reports: Dow Jones industrials plunged over 1,000 points Thursday, bringing the index down 10 percent from the record it reached two weeks ago. Stocks started to fall in early trading and extended their losses throughout the morning. The market’s turmoil began last Friday and has continued this week as investors worried about early signs of inflation. Analysts …

Read More »

Twitter Reports First-Ever Quarterly Profit

Reuters reports: Twitter shares surged 22 percent at the market open on Thursday after it reported its first quarterly profit and better-than-expected revenue, helped by ads that better targeted users and sales growth outside the United States. Investors shrugged off zero growth in Twitter’s users from a quarter earlier, which the company blamed in part on seasonal weakness and its …

Read More »

Los Angeles Times Sold To Trump Ally Pharma Billionaire

CNBC reports: Tronc said Wednesday it has struck a deal to sell the Los Angeles Times, The San Diego Union-Tribune and other titles in the California News Group to billionaire biotech investor Patrick Soon-Shiong. The agreement with Soon-Shiong, a major shareholder in Tronc and chief executive of NantHealth, includes $500 million in cash plus the assumption of $90 million in …

Read More »

$560 Million Lottery Winner Sues For Anonymity

Fortune reports: One very lucky New Hampshire woman is the winner of last month’s $560 million Powerball—but she wants to keep her identity a secret. Due to existing lottery rules, the winner is obligated to publicly claim the winnings, thereby indirectly letting friends and criminals alike know that she has come into millions. The winner fears that the inability to …

Read More »

White House Shrugs Off Stock Market Plunge

The Hill reports: The White House on Monday said the country’s “long-term economic fundamentals” remain “exceptionally strong” after U.S. stocks dropped sharply earlier in the day, extending a massive sell-off on Wall Street. “The president’s focus is on our long-term economic fundamentals, which remain exceptionally strong,” White House press secretary Sarah Huckabee Sanders said in a statement. Sanders cited U.S. …

Read More »

Dow Sees Record Plunge Of 1100+ Points

Bloomberg reports: The Dow Jones industrial average fell more than 1,000 points Monday, dropping below 25,000 for the first time since Jan. 4 during a second straight day of sell offs. It’s the worst losses the Dow has ever sustained in terms of points, coming on the heels of Friday’s 666-point loss. The Dow has lost its gains for the …

Read More »

Stock Market Plummets 666 Points On Memo Day

CNN Money reports: Wall Street just suffered the worst day of the Trump presidency. The Dow closed down 666 points, or 2.5%, its biggest percentage decline since the Brexit turmoil in June 2016 and steepest point decline since the 2008 financial crisis. A strong jobs report showed wage growth is finally starting to pick up. That’s great news for workers, …

Read More »

Coachella Owner Still Donating To Anti-LGBT Groups

The New York Daily News reports: Coachella co-owner Philip Anschutz has once again come under scrutiny for bankrolling right-wing, anti-LGBTQ organizations at odds with the progressively minded music festival. A new tax filing shows The Anschutz Foundation donated at least $325,000 between Dec. 2015 and Nov. 2016 to organizations with an explicit anti-LGBTQ mission, which was first reported by Pitchfork. …

Read More »

Trump Administration Strips Enforcement Powers From Consumer Bureau In Cases Of Lending Discrimination

The Washington Post reports: The Trump administration has stripped enforcement powers away from Consumer Financial Protection Bureau office that specializes in pursuing cases against financial firms for breaking discrimination laws, according to two people familiar with the matter and emails reviewed by The Washington Post. The move comes about two months after President Trump installed his budget chief Mick Mulvaney …

Read More »

Amazon Partners On Non-Profit Health Care Company

The Washington Post reports: Amazon is diving into health care, teaming up with Warren Buffett’s Berkshire Hathaway and the New York bank JPMorgan Chase, to create a company that helps their U.S. employees find quality care “at a reasonable cost.” The business giants offered few details Tuesday and said that the project is in the early planning stage. “The ballooning …

Read More »

LG Jacks Up Unit Prices Due To Trump’s Tariffs

The Hill reports: LG Electronics is planning to raise prices on some of its washer and dryer models in response to President Trump’s decision this week to impose hefty new tariffs on imported washing machines. The president on Monday levied tariffs on washers made by LG and Samsung as part of an effort to help U.S. based Whirlpool. “As a …

Read More »

Struggling Toys R Us To Shutter 182 Stores

The New York Times reports: Toys “R” Us is planning to close as many as 182 of its stores as it struggles to reorganize in bankruptcy. The toy chain, which filed for bankruptcy last September, said in a court filing late Tuesday that the stores selected for closing have failed to meet “performance standards.” The planned closings represent about 20 …

Read More »

Fox Host On Trump’s Tariffs: I’d Pay $5000 For A US-Made iPhone Because Americans Would Get The Work

“If they made it in Kansas and it cost $5,000, I’m still gonna need it. You’re still gonna need it. That money is then going to support a family in Kansas where you’ve got parents who are going to work. They have the pride of work and they’re able to take care of their family and, guess what, you and …

Read More »