Random Business News

[herzlos]

I think it means they'll stock it where it sells and where it's safe, and it'll allow them to pull stuff from shelves when the threats come in.

[Disciple of Fate]

May 15, 2024 19:14:54 GMT -5 Peregrine said:

...The failure wasn't really by Target, it was the lack of criminal charges against the assholes.

True, another unfortunate consequence of having the people that are in charge of those decisions relying on the very same assholes for votes.

[easye]

This is pretty interesting news.....

A jury says Chiquita should pay millions over paramilitary killings in Colombia

www.npr.org/2024/06/12/nx-s1-5003706/jury-chiquita-liable-paramilitary-killings-colombia

A federal jury in Florida says the fruit giant Chiquita Brands is liable for killings between 1997 and 2004 by a Colombian right-wing paramilitary group that the company gave millions of dollars — even after the U.S. government designated the group as a foreign terrorist organization.

The jury on Monday awarded the families of eight men killed in Colombia a total of some $38.3 million in damages, deciding that Chiquita was liable for killings perpetrated by the AUC — the acronym for the Autodefensas Unidas de Colombia (the United Self-Defense Forces of Colombia).

[Peregrine]

Why are you posting news from a century ago? Isn't this supposed to be about modern events?

[herzlos]

It sounds like the court case has just concluded, the news article is dated 12th June 2024.

It's pretty shocking it's taken 20 years to get an outcome though, god knows how long it'll take before anyone sees any money.

[easye]

Jun 13, 2024 15:53:22 GMT -5 Peregrine said:

Why are you posting news from a century ago? Isn't this supposed to be about modern events?

I know right!  I expected a Gen. Smedley Butler reaction to the news!  

[Peregrine]

History is clearly a circle.

[easye]

This is bad news for all ready ravaged rural healthcare. In some communities this is the main pharmacy and access to needed prescriptions.

Walgreens will close a significant number US stores, shutting down many unprofitable locations

www.cnn.com/2024/06/27/business/walgreens-closures/index.html

New York
CNN
—
Walgreens is set to close a substantial number of its roughly 8,600 locations across the United States as the company looks to reset the struggling pharmaceutical chain’s business.

The company didn’t announce a specific number of store closures, but it said Thursday that it is planning “significant” closures of underperforming stores across America as part of a multiyear optimization program.

CEO Tim Wentworth said on a call with analysts Thursday that “changes are imminent” for the roughly 25% of stores that aren’t profitable and Walgreens’ strategic review will “include the closure of a significant portion of these underperforming stores.”

[easye]

Americans keep turning their backs on McDonald’s

www.cnn.com/2024/07/29/investing/mcdonalds-earnings/index.html

Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. But McDonald’s believes it has a solution: Value meals.

McDonald’s on Monday reported that sales at US stores open at least a year fell 0.7% last quarter from the same period a year earlier, dragged down by fewer customers going to the fast-food company’s restaurants. McDonald’s isn’t alone: Starbucks, Burger King, Wendy’s and other rivals are also reporting less foot traffic and lower overall sales as consumers pull back their spending on food away from home.

The tough environment for McDonald’s wasn’t limited to the United States: Sales at stores open for at least a year fell 1% globally. It’s the first time sales fell by that measure since the last quarter of 2020.

Several factors were operating against McDonald’s this past quarter, including a tough comparison to last year. In the same quarter a year ago, McDonald’s got a 10.3% sales boost, mostly attributed to its viral Grimace shake — a purple, sugar-loaded drink in honor of Grimace’s “birthday.” The shake became a sensation after TikTok users posted videos of themselves pretending to die after drinking the shake.

But McDonald’s also has said for the past several quarters that some customers — particularly low-wage earners — are revolting against what many see as bad value.

[Peregrine]

Jul 29, 2024 11:13:51 GMT -5 easye said:

Americans keep turning their backs on McDonald’s

www.cnn.com/2024/07/29/investing/mcdonalds-earnings/index.html

I'm absolutely shocked that a company whose entire reason for existing is being cheaper than the competition is losing sales after no longer being cheaper.

[Disciple of Fate]

How will they ever recover from that 1% drop, their 8 billion in 2023 profit will be decimated this year.

[Peregrine]

Jul 30, 2024 4:41:45 GMT -5 Disciple of Fate said:

How will they ever recover from that 1% drop, their 8 billion in 2023 profit will be decimated this year.

Remember that under capitalism failing to grow at a faster rate than the previous quarter is utter failure. An actual loss, however small, is such unimaginable treason against the shareholders I'm surprised heads aren't literally rolling for this.

[easye]

I recall when investors forced McDonald's to spin-off and divest themselves of a little idea called Chipotle' because of a pennies set-back in the annual dividend.

[easye]

www.npr.org/2024/08/06/nx-s1-5064669/google-loses-antitrust-monopoly-justice-department-lawsuit

Google is defiant after losing antitrust lawsuit and being called a 'monopolist'

Federal Judge Amit Mehta issued a stark decision in the Justice Department’s lawsuit against Google on Monday: “Google is a monopolist, and it has acted as one to maintain its monopoly.”

It was the culmination of an antitrust lawsuit that the Justice Department filed against Google in 2020, which was joined by 38 state attorneys general. The government accused Google of illegally orchestrating its business dealings to ensure its search engine stayed on top. After a 10-week trial last fall and closing arguments in May, Judge Mehta has concluded that Google did act illegally.

The ghost of Taft and Teddy Roosevelt are laughing tonight!

[mdgv2]

Twitter is suing some large companies.

Because they won’t advertise on it.

Surely that’s like Tesco wanting to sue people who choose to give their business to Sainsbury’s?

forgot the link.


www.bbc.co.uk/news/articles/cn47798gxx4o