Tag Archives: business

Paint-By-Numbers Creator Dies At Age 93 [VIDEO]

The Associated Press reports: The artist who created the first paint-by-numbers pictures and helped turn the kits into an American sensation during the 1950s has died, his family confirmed. Dan Robbins’ son says his father died Monday in Sylvania, Ohio. He was 93. Robbins came up with the idea for paint-by-numbers photos in the 1940s while working for the Palmer …

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Online Shopping Overtakes Brick-And-Mortar Sales

CNBC reports: Online shopping led by Amazon hit a new milestone in February. The total market share of “non-store,” or online U.S. retail sales was higher than general sales for the first time in history, according to a report from the Commerce Department this week. Non-store retail sales last month accounted for 11.813 percent of the total, compared with 11.807 …

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GERMANY: Owners Of Global Conglomerate To Donate Millions After Revelations Of Nazi Slave Labor Past

Slate reports: One of Germany’s richest families is coming to terms with a disturbing past. The family that owns a controlling stake in Krispy Kreme Doughnuts and Panera Bread, among others, will donate $11 million to charity after learning that their ancestors were staunch supporters of Adolf Hitler and extensively used forced labor. The family announced its planned charitable donation …

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161 Major Corporations Back LGBTQ Equality Act

Just in from the Human Rights Campaign: HRC announced that an unprecedented 161 leading businesses have joined HRC’s Business Coalition for the Equality Act. With a combined operation in all 50 states, headquarters in 26 states, more than $3.7 trillion in revenue, and more than 8.5 million employees across the United States, these companies know how important it is to …

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Philadelphia City Council Bans Cashless Stores

The Wall Street Journal reports: Philadelphia is the first major U.S. city to ban cashless stores, placing it at the forefront of a debate that pits retail innovation against lawmakers trying to protect all citizens’ access to the marketplace. Starting in July, Philadelphia’s new law will require most retail stores to accept cash. A New York City councilman is pushing …

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Forbes: Billionaires Worth Combined $8.7 Trillion

Forbes reports: Capitalism is taking some lumps—and not just in the headlines. For only the second year in a decade, both the number of billionaires and their total wealth shrank, proving that even the wealthiest are not immune to economic forces and weak stock markets. By our latest count there are 2,153 billionaires, 55 fewer than a year ago. Of …

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86 Tons Of Frozen Pork Recalled Over Glass And Plastic

CBS News reports: More than 86 tons of frozen Boston Market dinners are being recalled from retailers across the U.S., as well as from a Defense Department facility, after consumers reported that some items contained pieces of glass or plastic. Produced by Bellisio Foods in Jackson, Ohio, between Dec. 7, 2018, to Feb. 15, 2019, the boneless pork rib patties …

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Levi Strauss Files Plan To Take Company Public

CNBC reports: Levi Strauss filed the paperwork for an initial public offering Wednesday. The iconic denim company plans to list on the New York Stock Exchange with the ticker “LEVI.” According to its SEC filing, the San Francisco-based company plans to raise $100 million through the IPO, a placeholder amount used to calculate fees, but CNBC’s Leslie Picker previously reported …

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Shutdown Has Already Cost US Economy $3.6 Billion

CNBC reports: If the government shutdown lasts another two weeks, the total cost to the U.S. economy would exceed the price of building the proposed border wall. According to an estimate by S&P Global, it will only take another two weeks to cost the economy more than $6 billion, exceeding the $5.7 billion that President Donald Trump demanded to fund …

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Really Most Sincerely Dead: Sears Rejects Bailout Bid

CNBC reports: Sears has rejected Chairman Eddie Lampert’s bid to save the company, setting the storied retailer on a path to liquidation, people familiar with the situation tell CNBC. Sears plans to announce its liquidation plans this morning, the people said. Lampert had put forward a $4.4 billion bid to save Sears and 50,000 jobs by buying it out of …

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Lawmakers React As More Retailers Say “No Cash”

The Wall Street Journal today looks at the growing number of retailers, some of them chain restaurants, that no longer accept cash. Lawmakers are starting to react. Massachusetts is the only state that currently requires retailers to accept cash. Some New Jersey legislators are working to make their state next. New York City Councilman Ritchie Torres of the Bronx recently …

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Sears Chairman Makes Last Minute $4.6B Takeover Bid

Reuters reports: Sears Holdings Corp Chairman Eddie Lampert has submitted a roughly $4.6 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, people familiar with the matter said on Friday. The offer came after Sears’ existing lenders Bank of America Corp and Citigroup Inc, as well …

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Liquidation Alarm: Sears May Have Only 24 Hours Left

CNBC reports: Sears, the 125-year-old icon, has 24 hours to survive. The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments. ESL is the only party offering to buy …

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Tons Of Turkey Recalled Over Salmonella Fears [VIDEO]

CBS News reports: Jennie-O Turkey Store Sales, Inc., is recalling more than 164,000 pounds of raw ground turkey products over possible salmonella, the U.S. Department of Agriculture’s Food Safety and Inspection Service said Friday. The items that might be contaminated were shipped across the U.S. and produced on two days: October 22 and 23. “The products subject to recall bear …

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Yale Survey: 75% Of CEOs Have Apologized For Trump’s “Diplomacy” To Their International Business Partners

Just out from the Yale School Of Management: Seventy-six percent of leaders from business, academia, and government feel that President Trump is not effectively leading U.S. national security, and 75% often find themselves apologizing to international business partners regarding the president’s diplomatic messages. This is according to a survey of attendees at the 94th CEO Summit, hosted by the Yale …

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14 Tons Of Sausage Recalled Over Metal Pieces

USA Today reports: The maker of Jimmy Dean Heat ’n Serve Original Sausage Links is recalling more than 14 tons of its frozen, ready-to-eat sausage links because they may have pieces of metal inside. CTI Foods of Owingsville, Kentucky, is recalling about 29,028 pounds of Jimmy Dean Heat ‘n Serve Original Sausage Links Made with Pork & Turkey after the …

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Nissan Chairman Carlos Ghosn Fired And Arrested

USA Today reports: Japanese automaker Nissan Motor Co.’s influential chairman Carlos Ghosn was fired and arrested Monday after an internal probe found he underreported his salary and for other financial violations, including the personal use of company assets, the firm and Japanese state media said. Nissan said in a statement that Ghosn would be dismissed after an internal probe based …

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Petco Bans Pet Food With Artificial Ingredients

Forbes reports: Today Petco announces it will stop selling pet food and treats containing artificial colors, flavors and preservatives. After May 2019 customers will no longer find brands containing such ingredients on their shelves. More than 40 artificial ingredients are on its banned list. The private San Diego-based company is rated #100 in Forbes’ America’s Largest Private Company list with …

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56 Major Companies Denounce Trump On Trans Rights: Apple, Amazon, Coca-Cola, Google, Microsoft, More

From the site Business For Trans Equality: We, the undersigned businesses, stand with the millions of people in America who identify as transgender, gender non-binary, or intersex, and call for all such people to be treated with the respect and dignity everyone deserves. We oppose any administrative and legislative efforts to erase transgender protections through reinterpretation of existing laws and …

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Tim Cook: Being Gay Is God’s Greatest Gift To Me

CNN Money reports: Four years ago, Tim Cook became the first CEO of a major company to come out as gay. He says he’s happy about that distinction — and his decision. “I’m very proud of it,” the Apple CEO told Christiane Amanpour on Wednesday in an exclusive interview for her program on CNN International and PBS. Being gay is …

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