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News Analysis: Food delivery looks like another gig-economy dead end As the third-quarter earnings season rolls on, a paradox confronts the restaurant industry. On the one hand, restaurant companies are touting the rise of off-premise and digital sales, which includes delivery, as an increasingly important source of growth.
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Leaked memo from Barneys CEO says there's only a 'small chance' the company gets saved In a leaked memo, Barneys CEO Daniella Vitale confirmed to employees that the bankruptcy court has approved Barneys' sale to Authentic Brands Groups, a move that would effectively shutter all Barneys stores. Vitale said that while there's a limited window ...
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Big Oil, investors face returns reckoning amid darkening economy LONDON (Reuters) - Darkening clouds over the global economy have led two of the world's top oil firms to warn investors that promised growth in returns could be at risk for the first time since the 2014 oil downturn. FILE PHOTO: The logo of Royal Dutch Shell ...
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Pinterest quarterly revenue, forecast disappoint; shares plunge (Reuters) - Pinterest Inc (PINS.N) fell short of Wall Street estimates for quarterly revenue on lower-than-expected average revenue per user and its revised full-year sales forecast came marginally below expectations, sending its shares tumbling 19%.
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McDonald's may expand breakfast menu to include chicken sandwich: report All aboard the chicken sandwich bandwagon! According to "leaked internal documents" reportedly obtained by Business Insider, McDonald's is planning to add a chicken item to its breakfast menu in January 2020. KANYE WEST'S CHICK-FIL-A SONG GETS ...
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Keystone Pipeline Shutdown Raises Costs for US Gulf Refiners The Keystone crude pipeline was shut Wednesday after leaking thousands of barrels of crude in North Dakota, the third spill along the pipeline's route in less than three years. TC Energy Corp.'s 590,000 barrel-a-day pipeline that carries crude from Alberta to ...
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Louisville HVAC manufacturer will hire 400 new workers in $50M investment plan Kentuckiana Curb Co., a manufacturer of heating and cooling equipment and roofing systems, plans to build a new $50 million facility and add 400 jobs in Louisville within five years. The company, located in the Jeffersontown area, disclosed the expansion ...
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General Motors Recalls Pickup Trucks and SUVs for Unintended Braking General Motors has issued a recall for 638,068 Chevrolet and GMC pickup trucks from 2014-2018 and Chevrolet and GMC SUVs from 2015-2020 because one wheel may brake unexpectedly, which could lead to a crash. The problem is caused by a faulty ...
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Founders Brewing reaches settlement in racial discrimination lawsuit Founders Brewing Co. has reached a settlement with a former employee who sued the Grand Rapids-based brewer, alleging racial discrimination. "We are pleased to settle this case and focus on the future," Founders said in a written statement Thursday.
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Mortgage Rates Tick Up, Reaching Their Highest Point Since July Mortgage rates rose for the third week in a row, this time reaching their highest point since July. Data from the Mortgage Bankers Association shows mortgage rates on 30-year, fixed-rate loans climbed to 4.05% this week—up from 4.02% last week. Averages ...
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Electric vehicle maker Fisker to start production of luxury SUV in 2021 (Reuters) - Electric vehicle maker Fisker Inc said on Thursday it would begin production of its new luxury sports utility vehicle at the end of 2021. High-volume deliveries of the electric SUV, Fisker Ocean, are expected to start in 2022, the company said.
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This Missouri bartender got a Powerball ticket as a tip and then won $50000 ST. LOUIS — A bartender in O'Fallon, Missouri recently received a tip that changed her life. Taylor Russey received a Powerball ticket from a customer. She said it was not unusual for this particular customer to gift the tickets to others as tips. "One of the ...
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Bombardier Sells Belfast Wing Factory to Spirit for $500 Million Bombardier Inc. agreed to sell a wing factory in Northern Ireland and two other facilities to Spirit AeroSystems Holdings Inc. for $500 million and the assumption of certain liabilities. The Belfast operation makes wings for Airbus SE's A220 jetliner, an aircraft ...
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Anixter to Be Acquired for $3.8B by Private Equity Firm October 31, 2019 SSI Staff Jump to Comments. Anixter to Be Acquired for $3.8B by Private Equity Firm. Anixter's global headquarters, above, is located in Glenview, Ill. GLENVIEW, Ill.— Global distributor Anixter Int'l (NYSE: AXE) announces it has entered into ...
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'Canada' Is Becoming a Dirty Word in the Oil Patch Canada's beleaguered energy sector suffered another morale blow as Encana Corp. -- one of its marquee companies that was born out of the 19th-century railway boom -- announced plans to move its headquarters to the U.S. and drop the link to Canada ...
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Forever 21 to close 200 stores The retail chain Forever 21 is closing 200 stores, but executives say the brand isn't going away. The store closings accounts for about a quarter of its locations in the U.S. and internationally. The restructuring attempt comes a month after Forever 21 filed for ...
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UPS looking to hire 100000 seasonal workers WOOSTER, Ohio — If you're looking for a job, UPS wants to help. UPS is looking to hire about 100,000 seasonal workers. More than 185 job fairs will happen across the nation on Friday. The hiring blitz is being called "UPS Brown Friday." Many people will be ...
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What We've Learned From Impeachment Inquiry While the House has been conducting an impeachment inquiry, President Donald Trump and others in his administration have kept their focus on the White House-released memo on Trump's July 25 phone call with the Ukrainian president, claiming that ...
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Check your smoke and carbon monoxide detectors this weekend ST. LOUIS — When we flip back the clocks an hour this weekend, you should test your smoke and carbon monoxide detectors too. "Candles, space heaters, extension cords," St. Louis firefighter Michael Orbin said those are a few of the main culprits for house ...
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