Tag Archives: business

Largest US Baby Formula Factory Restarts Production

The Associated Press reports: Abbott Nutrition has restarted production at the Michigan baby formula factory that has been closed for months due to contamination, the company said Saturday, taking a step toward easing a nationwide supply shortage expected to persist into the summer. The February shutdown of the largest formula factory in the country led to the supply problems that …

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Airbnb: No More Refunds Because You Caught COVID

From Airbnb’s corporate blog: As we’ve seen the heroic effort of health authorities and medical advancements around the globe, almost two thirds of the world’s population have received at least one dose of a vaccination against COVID-19. And many countries have now implemented living with COVID-19 plans, as it becomes part of our world. As a result of this new …

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Majority Now Choose Cremation Over Casket Burial

The Washington Post reports: In 2020, 56 percent of Americans who died were cremated, more than double the figure of 27 percent two decades earlier, according to the Cremation Association of North America (CANA). By 2040, 4 out of 5 Americans are projected to choose cremation over casket burial, according to both CANA and the National Funeral Directors Association. Other …

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Koch: More Harm Than Good For Us To Leave Russia

The Washington Post reports: Koch Industries, the American manufacturing giant that employs 122,000 people across the world, said Wednesday it would not exit its operations in Russia because doing so would put its “employees there at greater risk and do more harm than good.” The multinational conglomerate’s presence in Russia is relatively small, its president and chief operating officer, Dave …

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NY Liquor Store Lobbyists Scotch To-Go Cocktails

Gothamist reports: New York lawmakers are pushing back against Gov. Kathy Hochul’s plan to allow restaurants and bars to serve cocktails with takeout and delivery orders. Neither of the legislative budget plans included what Hochul recently called “the most popular item in (her) budget.” The liquor store lobby raised concern over the measure and has not been afraid of letting …

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Russia Threatens To Arrest Western Business Execs

The Daily Beast reports: Russian prosecutors have issued a stern warning for Western businesses in the country—corporations that leave may be forced to forfeit their remaining assets and businesses who stay can’t criticize the Russian government. The warning claims corporate leaders who do speak out against the government could be arrested. The Wall Street Journal reports that businesses like McDonald’s, …

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Starbucks To Suspend All Operations In Russia

ABC News reports: Starbucks is suspending all business activity in Russia in response to Putin’s continued aggression in Ukraine, according to CEO Kevin Johnson. Starbucks joins the growing list of companies that are closing stores in Russia, including McDonald’s, who announced they were closing all 850 of their restaurants. Starbucks only has about 130 locations in Russia and Ukraine, according …

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FL Company To Liberal Biden Voters: “Don’t Call Us”

Newsweek reports: An ad for a Florida-based window shutters company which tells customers if they “support Joe Biden and are a liberal, don’t call us” has gone viral. One clip of the ad, posted on TikTok by social media user @robertjackon392, has since been viewed more than 4.1 million times. In a statement to Newsweek concerning reactions to the ad, …

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Corporations Donate Millions To GOP “Sedition Caucus”

CREW reports: The flow of money from corporate PACs and industry groups to political committees allied with the Sedition Caucus started just days after the insurrection, and within the first few months after the deadly attack, their total contributions had already climbed into the millions of dollars. These totals include contributions from PACs that are tied to either a corporation …

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Musk Claims He’ll Pay Over $11B In Taxes This Year

The Verge reports: Elon Musk expects to pay over $11 billion in taxes in 2021, the Tesla CEO said in a tweet. The figure is roughly in line with a report from CNBC last week, when it estimated that Musk has already paid $7 billion in state and federal taxes this year, and will pay a further $5 billion by …

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H&R Block Sues Over Square’s New Name “Block”

CNBC reports: H&R Block filed a trademark infringement lawsuit over Square’s new name, “Block” on Thursday. The tax preparation service seeks to keep Block from using the new name, saying in a press release that the fintech company “would improperly capitalize on the goodwill and consumer trust cultivated by Block since 1955.” Block CEO Jack Dorsey [photo] said earlier this …

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Major Sites Go Down In Amazon Web Services Outage

The Associated Press reports: Amazon Web Services suffered a major outage Tuesday, the company said, limiting service at many key and popular sites. The company provides cloud computing services to many governments, universities and companies, including The Associated Press. Amazon said in a post an hour after the outage began that it had identified the root cause and was “actively …

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Dollar Store Chain To Sell Most Items At $1.25

CNN Business reports: Dollar Tree will soon be $1.25 tree. The company — one of America’s last remaining true dollar stores — said Tuesday it will raise prices from $1 to $1.25 on the majority of its products by the first quarter of 2022. The change is a sign of the pressures low-cost retailers face holding down prices during a …

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Target: We Will No Longer Be Open On Thanksgiving

The Associated Press reports: Target will no longer open its stores on Thanksgiving Day, making permanent a shift to the unofficial start of the holiday season that was suspended during the pandemic. To limit crowds in stores, retailers last year were forced to turn what had become a weekend shopping blitz into an extended event, with holiday sales beginning as …

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American Airlines Cancels Over 1000 Flights [Video]

CNBC reports: American Airlines has canceled more than 1,000 flights since Friday, disruptions it blamed on staffing problems and high winds at its busiest hub. . American’s COO David Seymour said in a staff note on Saturday that the problems started with high wind gusts on Thursday that cut capacity at its Dallas/Fort Worth International Airport hub and that crew …

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Biden To Address Growing Supply Chain Problems

The New York Times reports: President Biden will announce on Wednesday that the Port of Los Angeles will begin operating around the clock as his administration struggles to relieve growing backlogs in the global supply chains that deliver critical goods to the United States. Product shortages have frustrated American consumers and businesses and contributed to rising prices that are hurting …

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Costco To Limit Purchases Of Toilet Paper And Water

The New York Times reports: Last year, a frantic run on toilet paper that left store shelves bare across the United States became a symbol of the panic that seized Americans in the early days of the coronavirus pandemic. Now, at least one big-box retailer is trying to prevent a repeat of that frenzy as the Delta variant has driven …

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NYC Begins Enforcing Proof Of Vax For Indoor Activities

CNN reports: New York City began enforcing its Covid-19 vaccine passport program, known as “Key to NYC,” for most indoor activities Monday as part of the city’s broad reopening. Since August 17, the city has required that people age 12 and older show proof they have had at least one Covid-19 vaccine dose for indoor dining, indoor fitness activities and …

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Amazon To Advertise For Weed-Smoking Drivers

Bloomberg News reports: Amazon.com Inc. has a solution for a potentially crippling shortage of delivery drivers: Recruit pot smokers. The company is advising its delivery partners — the mom and pops that operate the ubiquitous blue Amazon vans — to prominently advertise that they don’t screen applicants for marijuana use, according to correspondence reviewed by Bloomberg and interviews with four …

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MS Warns Major Companies Of Exposed Databases

Reuters reports: Microsoft on Thursday warned thousands of its cloud computing customers, including some of the world’s largest companies, that intruders could have the ability to read, change or even delete their main databases, according to a copy of the email and a cyber security researcher. The vulnerability is in Microsoft Azure’s flagship Cosmos database. A research team at security …

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