Sunday, August 7, 2022

Business

Starbucks Closing 16 US Stores For Safety Issues

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Starbucks is closing 16 stores around the country because of repeated safety issues, including drug use and other disruptive behaviors that threaten staff. The coffee giant is c...

Twitter Sues To Force Musk To Complete His $44B Acquisition

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Twitter said Tuesday it has sued Elon Musk to force him to complete the $44 billion acquisition of the social media company. Musk and Twitter have been bracing for a legal fight...

Amazon Prime Day Comes Amid Slowdown In Online Sales Growth

Amazon is heading into its annual Prime Day sales event on Tuesday much differently than how it entered the pandemic. The company has long used the two-day event — one of its bi...

Explainer: What Happens Next In The Musk-Twitter Saga?

Tesla CEO Elon Musk and Twitter are bracing for a legal fight after the billionaire said Friday he was abandoning his $44 billion bid for the social media company. Twitter is vo...

Rare Single Malt Scottish Whisky Cask Sells For £16 million

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NEW YORK (VINnews)  — A whisky collector from Asia has bought a cask of Ardbeg distilled in 1975 for a record-breaking £16 million. The sale price surpasses any auction record for ...

Looming Musk-Twitter Legal Battle Drags On Company Shares

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NEW YORK (AP) — Shares of Twitter slid more than 6% before the opening bell Monday after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and t...

Elon Musk Says He’s Terminating $44B Twitter Buyout Deal

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Elon Musk’s tumultuous $44 billion bid to buy Twitter is on the verge of collapse — after the Tesla CEO sent a letter to Twitter's board saying he is terminating the acquisition. ...

Bodega Worker Released on Bail After Murder Charge, Despite Video Showing Self-Defense

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NEW YORK CITY (Yaakov M / VINnews) The Manhattan bodega employee who was charged with murder after killing an attacker in self-defense, has been released on bail. Jose Alba, 61,...

Woke Twitter Caves Into Pressure, Reinstates Conservative Account After ‘Permanent’ Ban

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CALIFORNIA (VINnews) The evil Twitter banning machine has struck again. This time, the victim was Breaking911, a news outlet that boasts a Twitter following of close to 1 millio...

Israel To Reopen Economic Office In Turkey After Three-Year Hiatus

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JERUSALEM (JNS) - Israel’s Economy and Industry Minister announced on Tuesday that Israel will reopen its economic office in Istanbul, Turkey, on August 1, after the office’s activ...

Amazon Faces UK Investigation Over Anti-Competitive Concerns

LONDON (AP) — Britain's competition watchdog is investigating whether Amazon is harming competition and hurting consumers by giving an unfair advantage to merchants that pay for ex...

Jewish Family Sues Southwest Airlines Over Crippling Injuries to Daughter

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SOUTH FLORIDA (VINnews) A Jewish family is suing Southwest Airlines, after their disabled daughter was thrown from her wheelchair while boarding a flight, leaving her with life-alt...

Ben & Jerry’s Sues Parent Company Unilever Over Sale Of Israeli Business

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NEW YORK (JTA) - Ben & Jerry’s is not letting go of its West Bank pullout goal without a fight — with its parent company. The iconic ice cream brand has filed a lawsuit agai...

Bank Of England: Crypto Crashes Show Need For Tougher Rules

LONDON (AP) — The Bank of England warned Tuesday that recent cryptocurrency meltdowns that wiped out more then $2 trillion in value highlight the need for tougher financial regulat...

Tesla’s 2Q Sales Drop Amid Supply Chain, Pandemic Problems

DETROIT (AP) — Tesla's sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled producti...

Key Inflation Gauge Remains A High 6.3%

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WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve rose 6.3% in May from a year earlier, unchanged from its level in April. Thursday's repor...

Powell: ‘No Guarantee’ Fed Can Tame Inflation, Spare Jobs

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WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said there's “no guarantee'' the central bank can tame runaway inflation without hurting the job market. Speaking Wednesday...

Employee Mistakenly Gets Paid 330X his Monthly Salary, then Resigns and Disappears

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CHILE (VINnews) — An employee got a massive bonus from his work…albeit by mistake. Now that man has vanished, along with the cash. The worker at a company in Chile which makes c...

US Consumer Confidence Slumps To Lowest Level In 16 Months

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WASHINGTON (AP) — U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they've been ...

Netflix Co-Founder Helps Direct Startups Amid Tech Turmoil

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SANTA CRUZ, Calif. (AP) — Longtime Netflix CEO Reed Hastings is renowned for building a video streaming service that has transformed entertainment, but it probably wouldn't have ha...