Tag Archives: business

The Week reports: A massive container ship is still stuck in the Suez Canal — and the situation could possibly take “weeks” to resolve. On Tuesday morning, the Ever Given, a cargo ship that’s about a quarter mile long, became stuck in Egypt’s Suez Canal, blocking shipping traffic. By Friday, it had yet to be successfully moved, and according to …

Reuters reports: A container ship blocking the Suez Canal like a “beached whale” sent new shockwaves through global trade on Thursday as officials stopped all ships entering the channel and the salvage company said it may take weeks to free. The 400 m (430 yard) Ever Given, almost as long as the Empire State Building is high, is blocking transit …

Vice News reports: The Suez Canal has been blocked and a big backlog of ships is building up after a huge container ship ran aground during bad weather. At least eight tug boats and a digger are working to dislodge and refloat the 400m long and 59m wide Ever Given. The container ship, registered in Panama and operated by Taiwanese …

Via press release from Hasbro: Hasbro announced today that for the first time in its 85+ years, Monopoly will be changing all 16 of its Community Chest Cards. True to its longstanding history of inviting its fans to help make changes to the game, and during a time when community means more than ever before, Monopoly is asking consumers worldwide …

CBS News reports: Krispy Kreme will you give you a free doughnut every day this year — if you’ve been vaccinated. In case you needed another reason to get your COVID-19 vaccination, Krispy Kreme is sweetening the deal — it’s giving free doughnuts to anyone with proof of vaccination, all year long. Starting Monday, any customer with a valid COVID-19 …

Louisville’s ABC News affiliate reports: Texas Roadhouse founder and CEO Kent Taylor died Thursday, according to a post on the restaurant chain’s Facebook page. He was 65. The statement said Taylor died by suicide after a battle with COVID-19-related symptoms, including severe tinnitus, or ringing in the ear, and his suffering had increased in recent days. Taylor had funded a …

The Hill reports: Amazon has surpassed Walmart as the top apparel retailer in the U.S, according to an analysis released by Wells Fargo. Wells Fargo estimated that Amazon’s apparel and footwear sales in the U.S. jumped by 15 percent in 2020, raking in $41 billion in sales, according to a report by CNBC. This placed the tech giant 20 to …

Reuters reports: Twitter Inc is testing an “undo send” function that would give users a short time to withdraw a tweet before it is posted, the company confirmed on Friday. App researcher Jane Manchun Wong, who discovers unannounced social media features by looking at the sites’ code, tweeted an animation showing a tweet with a spelling error where an ‘undo’ …

The Washington Post reports: Walmart plans to invest $350 billion in products made, grown or assembled in the United States over the next 10 years, a move it says will help create 750,000 jobs. The world’s largest retailer said Wednesday that it is committing to source a wide range of American-made products, including textiles, plastics, small electrical appliances, food processing, …

The BBC reports: Amazon has quickly changed its main shopping-app logo, after commentators said the recent redesign made it look like Adolf Hitler. Launched in January, the icon depicts a strip of blue tape over an Amazon “smile” logo. But some observers said it resembled a toothbrush mustache, associated with the Nazi dictator. The technology giant has now changed the …

The Associated Press reports: Fry’s Electronics, the go-to chain for tech tinkerers looking for an obscure part, is closing for good. The company, perhaps even more well known for outlandish themes at some of its stores, from Aztec to “Alice’s Adventures in Wonderland,” said Wednesday in an online posting that the COVID-19 pandemic had made it impossible to continue. The …

The Oregonian reports: Roughly a dozen Portland police officers faced off with a small group at a Northeast Portland Fred Meyer on Tuesday after people tried to take food that had been thrown away. Workers at the Hollywood West Fred Meyer threw away thousands of perishable items because the store had lost power in an outage brought on by the …

CNN reports: Quaker Oats is releasing a new name and logo for its “Aunt Jemima” products, finally retiring the racist stereotype that has adorned its pancake mixes and syrups for decades. The name “Aunt Jemima,” long criticized as a racist caricature of a Black woman stemming from slavery, will be replaced with the Pearl Milling Company name and logo on …

Bloomberg News reports: Twitter Inc. is building a subscription product as a way to ease its dependence on advertising – a plan the social network has considered for years, and one that has taken on a heightened priority given the pandemic and pressure from activist investors to accelerate growth. At least one idea being considered is related to “tipping,” or …

Mediaite reports: A left-leaning political action committee is calling for a prominent grocery store chain to “drain the traitors” after an heiress connected to it donated to former President Donald Trump’s Jan. 6 rally in Washington, D.C. that led to unrest in the city and the death of a Capitol police office. “Publix has distanced themselves from the heiress, saying …

NBC News reports: A video that was taken at a South Florida grocery store shows nearly every customer and employee without a mask. The footage was filmed this week at Oakes Farms in Naples. In it, not a mask is in sight and social distancing is not being followed. The store’s owner, Alfie Oakes, told NBC’s “TODAY” show he knows …

Tech Crunch reports: Amazon founder and current CEO Jeff Bezos will be transitioning to Executive Chair of the company sometime in Q3 of this year, with current AWS CEO Andy Jassy taking over the top executive role at the commerce company. Amazon announced the news alongside its earnings results on Tuesday. Amazon initially rose after-hours as the market digested both …

From Yelp’s corporate blog: As consumers look for ways to continue supporting their favorite local businesses, their personal health and safety remains a critical part of the decision making process. And for businesses, we know it’s especially important to efficiently communicate their current service offerings and health and safety practices to customers — in fact, we saw consumer interest increase …

The Washington Post reports: Companies across America — from Amazon and Uber to railroads and meatpacking plants — are lobbying states and the federal government to prioritize their workers for early immunization against the coronavirus amid limited supplies of the vaccine. After front-line health-care workers and elderly people in nursing homes and assisted-living centers are immunized, the government within two …

The Verge reports: Uber sent letters today to every US governor asking that their drivers and delivery people be classified as essential workers and given prioritized access to COVID-19 vaccines. The CDC has recommended the first batch of vaccines go to health care workers and residents of long-term care facilities, with essential workers — including those in transportation — following …