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Categories Business

U.S. charges former Wamco executive Kenneth Leech with fraud

Author admin November 27, 2024

Kenneth Leech, the former co-chief investment officer of Western Asset Management Co, was charged by U.S. authorities on Monday with running a

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Categories Business

Walmart pulls back on DEI efforts, removes some LGBTQ merchandise from website

Author admin November 27, 2024

Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a

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Categories Business

Abercrombie expects a strong holiday quarter as growth run continues

Author admin November 27, 2024

Abercrombie & Fitch isn’t giving up its crown anytime soon.  The apparel company issued strong holiday guidance on Tuesday after posting its sixth straight

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Categories Business

Kohl’s CEO Tom Kingsbury to step down and be replaced by Michaels CEO Ashley Buchanan

Author admin November 27, 2024

Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15.

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Categories Business

Can Starbucks fix long lines at its airport cafes?

Author admin November 26, 2024

Air travelers face a host of headaches on their journeys: slow security lines, long waits for plush lounges, the threat of delays or cancellations — and the

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Categories Business

Gov. Gavin Newsom says he will provide residents rebates if Trump removes EV tax credit

Author admin November 26, 2024

California Gov. Gavin Newsom said the state will provide rebates to residents if President-elect Donald Trump’s incoming administration does away with a

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Categories Business

Microsoft 365 working to address potential Outlook and Teams outage

Author admin November 26, 2024

If you’re a Microsoft 365 user, this Monday may have been a little more frustrating for you than usual. The product family of

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Categories Business

Macy’s says employee hid up to $154 million in expenses since 2021

Author admin November 26, 2024

Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 million in expenses over

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Categories Business

Judge says he must still approve sale of Infowars to The Onion

Author admin November 26, 2024

A federal judge said Monday he may hold an evidentiary hearing next month to help determine whether to approve the sale of

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Categories Business

Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival

Author admin November 24, 2024

Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. The new

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