Category: Companies

Home Depot Warns of Weak 2023 Profit as Rising Prices Hurt Demand

Home Depot Inc. forecast annual profit below Wall Street expectations on Tuesday as soaring prices weigh on demand for home improvement products, while it grapples with higher costs and labor shortages. The No. 1 U.S. home improvement chain posted a surprise drop in fourth-quarter comparable sales, sending its shares down about 4 percent in premarket…


Trump on Returning to Facebook, Twitter: ‘I Don’t Like to Be Foolish’

Former President Donald Trump has said he has no plans to return to Twitter and Facebook, despite the two social media platforms allowing him to do so after dropping previous bans. Speaking to Just the News on Feb. 20, Trump acknowledged that many of his followers have been waiting for him to return to both Twitter…


Reckitt Recalls 145,000 Cans of Baby Formula Over Possible Deadly Bacteria Contamination

Nutrition product maker Reckitt is voluntarily recalling 145,000 cans of baby formula “out of an abundance of caution” due to possible cross-contamination with the potentially deadly bacteria, Cronobacter sakazakii. In a notice on Feb. 19, the British consumer goods company said it is recalling select batches of ProSobee 12.9 oz. Simply Plant-Based Infant Formula as a precautionary measure after…


Over 1 Million Gallons of Contaminated Water Excavated From Site of East Palestine Train Derailment

Around 15,000 pounds of contaminated soil and 1.1 million gallons of contaminated water have been excavated from the site of a train derailment earlier this month in East Palestine, Ohio, train operator Norfolk Southern said on Feb. 20. The announcement comes shortly after a state senator warned people living in close proximity to the derailment not to drink or…


Over 1 Million Gallons of Contaminated Water Excavated From Ohio Train Derailment Site

Around 15,000 pounds of contaminated soil and 1.1 million gallons of contaminated water have been excavated from the site of a train derailment earlier this month in East Palestine, Ohio, train operator Norfolk Southern said on Feb. 20. The announcement comes shortly after a state senator warned people living in close proximity to the derailment not to drink or…


Project Veritas Board of Directors Says O’Keefe ‘Suspended Indefinitely’ Amid Probe Into ‘Excessive Spending’

The Project Veritas’ board of directors has said that founder James O’Keefe was “suspended indefinitely” amid a probe by a third-party auditor into his alleged “excessive” spending of donor funds for “personal luxuries.” In a statement on Feb. 20, the board of directors said that the founder of the journalism organization “decided to remove his belongings from Project…


Blinken Says US Has Had Talks With Elon Musk About Starlink in Ukraine

WASHINGTON—U.S. Secretary of State Antony Blinken said on Saturday that the U.S. government has had conversations with Elon Musk about the use of Starlink satellite internet in Ukraine. SpaceX this month said it has taken steps to prevent Ukraine’s military from using the company’s Starlink service for controlling drones in the region during the country’s…


Airbus Defense Arm Says Berlin Delaying Exports Worth Billions

MUNICH—Slow German government export approvals are holding up Airbus Defence & Space defense exports worth several billions of euros, the company’s chief executive said on Sunday, urging Berlin to speed up the process. “Several countries are interested in the [military transport plane] A400M. Unfortunately we are having difficulties to get the German export licenses on…


$3.7 Billion UK Mass Action Against Facebook Over Market Dominance Rejected, for Now

LONDON—Facebook on Monday temporarily fought off a collective lawsuit valued at up to 3 billion pounds ($3.7 billion) over allegations the social media giant abused its dominant position to monetize users’ personal data. However, a London tribunal gave the proposed claimants’ lawyers up to six months to “have another go” at establishing any alleged losses…


US Regulator Seeks More Information on Tesla Crash in California

The United States National Highway Traffic Safety Administration (NHTSA) said on Monday it has asked Tesla Inc. for additional information after one of its vehicles collided with a fire truck in California. The Contra Costa County fire department said in a tweet on Saturday that a Tesla car struck one of its fire trucks and…