The big-box department store Target is having an inventory problem, but it's not what you might think! The retail chain says they actually have too much stuff, and are being forced to take some drastic measures to get rid of it.
Two Costco shareholders have launched a lawsuit against the company for animal cruelty after reports found that the membership-only grocery has been mistreating its chickens in its $450 million poultry processing plant in Freemont, Nebraska. The lawsuit, filed by shareholders Krystil Smith and Tyler Lobdell at a Seattle court in June, claims “Costco illegally neglects and abandons its chickens,” which, in turn, broke its fiduciary duties. It also mentions that Costco executives had "consciously disregarded clear signs of Costco's ongoing mistreatment of chickens."
(Bloomberg) -- China’s steel mills are sounding the alarm over crisis conditions in the industry as margins plunge due to weak demand. Most Read from BloombergTycoon Whose Bet Broke the Nickel Market Walks Away a BillionaireMusk Tweets About Underpopulation After Report He Fathered Twins With EmployeeBoris Johnson Odds: Who Are the Front-Runners to Replace PM?US Mortgage Rates Plunge to 5.3% in Biggest Drop Since 2008China Considers $220 Billion Stimulus With Unprecedented Bond SalesThe starkest
Qatar Airways has indicated that a provisional agreement to buy up to 50 Boeing 737 MAX jets has lapsed, Boeing's rival Airbus said in a court document released on Thursday. The deal, signed in Washington in January, is part of a series of inter-locking agreements caught up in a London court dispute between Airbus and the Gulf carrier over a larger jet. Airbus requested a copy of the Boeing 737 MAX agreement after the airline brought it up as part of its bid for compensation for damage to the A350, now worth $1.4 billion.
- Business Insider
The new menu could increase sales and simplify operations in Subway's kitchen to reverse a sales slump.
"He has family in upper management" = probably lazy.View Entire Post ›
- South China Morning Post
Huawei founder Ren Zhengfei seeks employee input on business direction amid struggle to reinvent company under US sanctions
Ren Zhengfei, founder of Chinese telecoms giant Huawei Technologies Co, has called for employees to contribute ideas about the company's future direction, according to an internal memo, as the company struggles to remake itself after US sanctions crippled its smartphone business. Despite venturing into multiple business fronts from coal mining to car systems, the Shenzhen-based company with its 195,000-strong staff worldwide has yet to find a steady revenue source that can match the profitabilit
This one could have been an episode of The Paper Chase. NBCUniversal is suing a company it calls a “trademark squatter” for the alleged fraudulent trademark registration of Dunder Mifflin, the name of the fictional paper company featured in NBC’s The Office. The suit filed Friday in U.S. District Court for the Central District of […]
Tech giants such as Microsoft are in a bidding war for talent as pressure from employees have resulted in non-competes being overturned, greater pay transparency and more enforcement on sexual harassment and discrimination claims. Microsoft ( ), which is headquartered in Redmond, Washington, began a series of changes in their policies in June, including some that were a direct response to state labor laws changing and enforcing more responsibility from the companies to comply. Non-compete laws have long been a thorn for employees who have sought to move to other tech companies or start their own companies but were forced to resign and typically not work for six months to a year.
(Bloomberg) -- A Russian court order to halt oil loadings from a port in the Black Sea has unnerved European crude traders already reeling from the tightest regional market in years, sending prices for competing barrels spiraling.Most Read from BloombergTycoon Whose Bet Broke the Nickel Market Walks Away a BillionaireMusk Tweets About Underpopulation After Report He Fathered Twins With EmployeeBoris Johnson Odds: Who Are the Front-Runners to Replace PM?US Mortgage Rates Plunge to 5.3% in Biggest
- South China Morning Post
Chinese smartphone maker Xiaomi taps Vietnam as production base for Southeast Asia market amid supply chain disruptions at home
Chinese smartphone brand Xiaomi Corp has taken delivery of its first batch of locally made handsets in Vietnam as part of a broader expansion to Southeast Asia amid supply chain disruptions at home, according to its contract manufacturer. Xiaomi has been working with Hong Kong-based DBG Holdings in Vietnam for more than a year to boost the supply of handsets in the region, a DBG representative told the South China Morning Post. The contract electronics manufacturer operates plants in China and I
Volkswagen CEO Herbert Diess said the company is planning “big moves” in China. “We will do some major investments in China,” Diess said in an interview posted Tuesday on LinkedIn. “In a few years, we will have several thousand software people in China.”
Restaurants say they will continue to levy a service charge despite a ban by the Indian government.
U.S. oil just tumbled below $100 a barrel — What that says about recession fears and tight crude supplies
Concerns about a recession and a drop in energy demand led to a drop in U.S. benchmark West Texas Intermediate crude-oil prices below the $100 -a-barrel mark on Tuesday for the first time in months. That's contributed to talk of a potential "buying opportunity" for traders, even as some analysts expect further price declines.
- Motley Fool
Berkshire Hathaway's quarterly 13F filing won't tell you about the Oracle of Omaha's $6.3 billion hidden portfolio.
- Miami Herald
One of the company’s few Black workers was fired “based on his race,” a complaint states.
(Bloomberg) -- Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarCiti Says Oil May Collapse to $65 by the Year-End on RecessionOil Plummets Below $100 as Recession Risks Come to ForefrontUS Wants Dutch Supplier to Stop Selling Chipmaking Gear to ChinaAmerican Factories Are Making Stuff Again as CEOs Take Production Out of ChinaSaudi Arabia is offering some of its crude
- The Bergen Record
Tommy Bonfiglio, a Monmouth County resident whose family owns a chain of restaurants in New Jersey, including two in Clifton, died on Friday.
- Yahoo Finance
The violent sell-off in oil prices amid recession fears may prove short-lived, argues Goldman Sachs.
- The Hill
Oil industry group: White House ‘intern’ who posted high gas prices tweet should take economics class
An oil industry group blasted a tweet from President Biden’s account over the weekend that called on “companies running gas stations” to lower their prices, saying the intern who penned the post should enroll in “Econ 101.” The retort from the U.S. Oil and Gas Association, which has picked up 19,000 retweets and more than…
- LA Times
'Superlawyer' Dan Webb will lead the Murdoch-owned company's defense against Dominion Voting Systems in the case tied to 2020 election fraud claims.