Latest in Stokes to close its less profitable stores in restructuring process
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Last Kmart store closes down
Shoppers bid farewell to the final Kmart store in Bridgehampton, New York, while snagging great deals before the store shut its doors for good. Shanelle Kaul has the story.Top stories - CBS News - October 20 -
Why major retailers are closing stores
Over the weekend, the last full-sized Kmart in the continental U.S closed. Other retailers like Dollar Tree, Macy's, CVS and more have also closed stores over the years. Business editor at USA ...Top stories - CBS News - October 21 -
Labour hedge fund donor’s profits drop 76% after restructure
Quadrature made largest single donation to party after UK election called in MayBusiness - Financial Times - November 5 -
Intel books big charges for restructuring, but here’s why its stock is surging
The company says business trends are improving despite ‘noisy’ earnings.Business - MarketWatch - November 1 -
FuelCell Energy to cut 17% of its staff as part of a global restructuring plan
FuelCell Energy to cut its workforce by 17% as part of a cost-cutting plan, amid slower-than-expected investments in clean energy.Business - MarketWatch - 3 days ago -
Ohio State's Will Howard 'stoked' to play Penn State after Nittany Lions rejected him in recruiting process
Howard says Penn State didn't think he was 'good enough,' and now he has a chance to prove the program wrongSports - CBS Sports - October 28 -
McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms
Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.Business - CNBC - October 29 -
More than 2 dozen Big Lots stores no longer closing: Here's where
While dozens of stores previously set for closure are seemingly remaining open, Big Lots has already closed more than 270 stores this year.Politics - The Hill - 5 days ago -
Advance Auto Parts to Close Stores as Sales Outlook Misses Views
Advance Auto Parts said it will close hundreds of stores and cut jobs after posting a surprising quarterly loss and forecasting revenue below market expectations.Business - The Wall Street Journal - 4 days ago -
Advance Auto Parts Closing Hundreds of Stores in Turnaround Effort
More than 200 franchises will shutter, as well as more than 500 corporate stores as the chain retrenches in the face of ongoing losses.Business - Inc. - 3 days ago -
Haiti replaces its prime minister, marking more turmoil in its democratic transition process
A transitionary council created to reestablish democratic order in Haiti has signed a decree firing interim Prime Minister Garry ConilleWorld - ABC News - November 10 -
Reddit shares close up 42% on profitability, rosy guidance
Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.Business - CNBC - October 30 -
Advance Auto Parts to exit Western U.S. as it closes more than 700 locations
Auto-parts retailer will focus on its strongest markets in the eastern part of the country.Business - MarketWatch - 4 days ago -
Hasbro’s third-quarter profit beats expectations, but its stock slips
Hasbro Inc.’s third-quarter profit beat expectations Thursday, fueled by its gaming and licensing businesses shares, but the toy maker’s stock is down 4%.Business - MarketWatch - October 24 -
PayPal beat big on a profit metric, but here’s why its stock is falling
PayPal’s fourth-quarter revenue view came in below expectations. The company said it’s focusing on “profitable growth.”Business - MarketWatch - October 29 -
Reddit shares soar 25% as it turns its first profit
Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay offBusiness - Financial Times - October 29 -
Nintendo reports lower profits as demand drops for its aging Switch console
Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth ...Entertainment - ABC News - November 5 -
Disney is turning record parks profits — even before its big expansions
Disney is breaking ground on new additions and updates to its theme parks, but it will be several years before they become available to the public.Business - CNBC - 2 days ago -
Why the EU needs to close the gaps in its leaky sanctions regime
Also in this newsletter: Why Vučić declined Putin’s invitationWorld - Financial Times - October 23 -
Reddit's explosive user growth and AI tools help it soar to its first profit as a public company
Reddit has turned a profit for the first time as a public companyTech - ABC News - October 30 -
Meta's third-quarter profit surges 35% reflecting strong ad revenue and its AI push
Meta Platforms Inc. has posted stronger-than-expected third-quarter results fueled by its advertising revenue growth and its push to incorporate artificial intelligenceTech - ABC News - October 30 -
Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected
Peloton's cash flows are improving, but it's expecting to sell fewer bikes and treadmills during its holiday quarter than Wall Street expected.Business - CNBC - October 31 -
Polls close in Uruguay's general election after a quiet day that saw the nation live up to its reputation for stability
Polls close in Uruguay's general election after a quiet day that saw the nation live up to its reputation for stabilityWorld - ABC News - October 27 -
Britain has closed its eyes to long Covid – which means it will ravage even more lives and livelihoods | Devi Sridhar
Unlike the US, Canada and Australia, the UK is only giving free boosters to some. But the cost of restricting them could be huge. Trust me, no one, even in public health or medicine, wants to talk ...World - The Guardian - October 30 -
Microsoft Was "Stupid" To Close Arkane Austin And Lose Its Dream Team, Arkane Founder Says
Arkane founder Raphael Colantonio has commented on Microsoft shutting down Arkane Austin earlier this year , a decision the WolfEye Studios boss has labeled a "dumb move" made by the company. ...Tech - GameSpot - October 31 -
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South Africa closes its border again with Mozambique, where post-election violence worsens
South Africa has closed its border again with Mozambique, where post-election protests have escalated, leading to clashes between protesters and the policeWorld - ABC News - November 7 -
US ambassador says Mexico 'closed the doors' on security cooperation and denies its violence problem
U.S. Ambassador Ken Salazar has lashed out at Mexico's failure to accept aid in the fight against drug cartels, claiming the country "closed the doors" on security cooperationWorld - ABC News - 4 days ago -
What Germany’s new naval base means for Baltic security
Also in this newsletter: the UK joins the EU in committing to the G7 loan to UkraineWorld - Financial Times - October 22 -
HSBC Announces Restructuring and Names First Female C.F.O.
The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a diplomatic minefield across its sprawling operations.Business - The New York Times - October 22 -
Pressure mounts on VW to finally confront the reality of restructuring
The carmaker must overcome internal resistance to changes necessary to boost competitivenessBusiness - Financial Times - October 23 -
Atos Debt Grows as Restructuring Effort Continues
Atos said its debt pile grew in the third quarter as the beleaguered French IT firm seeks to implement a financial restructuring aimed at restoring profitability.Business - The Wall Street Journal - October 24 -
Aces restructuring front office, cut ties with GM
The Aces will not renew the contract of general manager Natalie Williams as part of a restructuring of their front office, the team announced.Sports - ESPN - October 26
