Bed Bath & Beyond has seen its stock price tumble after the company warned it was considering bankruptcy amid mounting debt and troubled finances. The company issued the warning in a business update on Jan. 5, in which it revealed recurring losses and negative cash flow for the nine months ending on Nov. 26, 2022. Bed…
Brother of Plane Crash Victim to Aid Review of Boeing Safety
WASHINGTON — Federal officials have appointed a group of experts to examine safety practices at Boeing, including an aerospace engineer whose sister was killed in one of the crashes involving Boeing 737 Max jets. The Federal Aviation Administration said the panel—required under a 2020 law passed by Congress—includes people from the FAA, NASA, airlines, and…
Twitter Leak Exposes 235 Million Email Addresses From Hack
Personal emails linked to 235 million Twitter accounts hacked some time ago have been exposed according to Israeli security researcher Alon Gal—making millions vulnerable to having their accounts compromised or identities exposed if they have used the site anonymously to criticize oppressive governments, for instance. Gal, who is the co-founder and chief technology officer at…
Phillips 66 Buys Public Units of Pipeline Operator DCP Midstream for $3.8 Billion
Phillips 66 said on Friday it acquired all publicly held units of DCP Midstream LP in a sweetened deal that values the pipeline operator at about $8.7 billion and will help bulk up the U.S. refiner’s natural gas liquids business. The deal, the first major move by Mark Lashier who took over as chief executive…
Fuel Leak in Virginia Shuts Down Part of Colonial Pipeline
NORFOLK, Va.—A diesel fuel leak in Virginia shut down part of the Colonial Pipeline, the nation’s largest fuel pipeline, which supplies roughly half the fuel consumed on the East Coast, but it is expected to restart Saturday, the company said. The spill was discovered Tuesday. And while this particular line is shut down, the rest…
Victoria’s Secret CEO Resigns After Less Than a Year
Victoria’s Secret and Pink brands CEO Amy Hauk will leave the company at the end of March, less than a year after taking on the position, according to a Jan. 3 filing with the United States Securities and Exchange Commission. Hauk notified the company of her decision on Dec. 27, according to the filing. Her responsibilities…
New Organization Pays Journalists to Spread Climate-Change Ideology
January 6, 2023
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If you want to fight climate change, one way is to pay journalists to spread the word while training them in environmental ideology. Another way is to promote products that are in line with the transition to renewable energy so that eco-friendly companies can profit from the so-called “moral opportunity.” This is the approach of…
Peloton to Pay $19 Million for Not Reporting Deadly Treadmill Safety Hazards, Selling Recalled Products
The exercise equipment company Peloton has agreed to pay a $19,065,000 civil penalty in a settlement for failing to report defective equipment and knowingly selling recalled treadmills. Beginning in December 2018 and continuing through 2019, Peloton began receiving reports of injuries related to its Tread+ treadmill product. The U.S. Consumer Product Safety Commission (CPSC) said…
McDonald’s Japan Hikes Prices for 3rd Time in 10 Months on Surging Costs
TOKYO—The Japanese operator of McDonald’s restaurants announced its third price hike in less than a year on Friday in the latest sign of compounding inflationary pressures on the nation’s consumers. McDonald’s Holding Company Japan Ltd. said it would raise prices on about 80 percent of its menu from Jan. 16, citing currency fluctuations as well…
German Industrial Orders Fall More Than Expected in November
BERLIN—German industrial orders saw their sharpest drop in more than a year in November on falling foreign demand, decreasing by 5.3 percent on the month on a seasonally and calendar adjusted basis, the federal statistics office said on Friday. A Reuters poll of analysts had pointed to a 0.5 percent fall, after a downwardly revised…
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