7-Eleven
7-Eleven Announces Closure Of Over 400 Stores In North America
Over 400 7-Eleven stores across North America will begin closing, according to an announcement from the Slurpee and convenience store chain.
2008
Macy’s Accused Of Covering Up Sexual Assault By Sean ‘Diddy’ Combs In New Lawsuit
Macy’s, the chain of American department stores, has been accused of hiding one of Sean “Diddy” Combs’s sexual assaults at its flagship Herald Square, Manhattan, store in 2008.
737 MAX
Boeing halts talks, withdraws pay offer to union as strike drags on
Talks between Boeing and its key manufacturing union broke down, and no negotiations are currently planned as the financially damaging strike heads into a fourth week.
2nd U.S. Circuit Court of Appeals
US Supreme Court rejects ‘Pharma Bro’ Martin Shkreli’s appeal of penalties
October 7, 2024 – 8:16 AM PDT (Reuters) – The U.S. Supreme Court declined on Monday to hear former pharmaceutical company CEO…
Adidas
Nike shares drop as investors fret over murky turnaround timeline
Nike shares fell about 8% in early trading on Wednesday after the sportswear giant withdrew its annual revenue target.
$2
CVS Health To Cut Nearly 3,000 Jobs Nationwide
CVS Health will be reportedly discontinuing 2,900 positions at its establishments across the U.S., following the company’s new plan to reduce costs by $2 billion.
Business
Nike CEO To Retire As Sportswear Company Sales Drop
Sports Brand Nike announced on Thursday, that CEO John Donahoe will retire after more than five years of being in charge of the company as the brand has struggled recently with sales and other competition.
000 employees
Boeing To Begin Furloughs As Strike Continues Causing Delay In Production
On Wednesday, Boeing’s CEO announced that the company will begin furloughing “a large number” of employees to limit spending during the strike by union machinists that began just a week ago.
401(k)
Boeing Employees Go On Strike After Rejecting 25% Increase In Pay, With Production In Question
Boeing employees walked off the job site at Boeing Factories near Seattle on Friday morning after union members voted to go on strike and reject a tentative contract that would have increased wages by 25% over a four-year span.
Assets
Big Lots Announces Filing For Chapter 11 Bankruptcy
Big Lots representatives stated on Monday that it has officially filed for Chapter 11 bankruptcy for protection from its massive debts, with the retailer citing “inflation and high interest rates” as reasons for filing.