If you’re on one of AT&T’s older Mobile Share Value data plans, a price hike is on the way. The Verge reports today that AT&T is emailing customers to inform them that prices are increasing by $10 – but that the plans are also adding 15GB of “bonus data.” The email from AT&T simply says: “We’ve […]
A criminal complaint names 24-year-old Roneese Davis as one of the employees who attacked Marc Conn and his companion, Billie Jo Goldsworthy.
New York (CNN Business)The president of the United Auto Workers, Gary Jones, will take a leave of absence amid a growing scandal involving the union and its finances.Jones requested the leave of absence following a vote by the executive board, the UAW said Saturday in a statement. Vice President Rory Gamble, head of the union’s Ford department, will serve as interim president starting Sunday.“The UAW is fighting tooth and nail to ensure our members have a brighter future. I do not want anything to distract from the mission. I want to do what’s best for the members of this great union,” Jones said in the statement.Jones is stepping aside as federal prosecutors continue a probe into allegations union leaders embezzled funds and accepted bribes, including from at least one automaker, Fiat Chrysler. ()Jones has not been charged in the scandal, and both he and the UAW have pledged full cooperation with the probe.A lawyer for Jones did not immediately respond Saturday to a request for comment.Agents from the FBI, IRS and Labor Department searched Jones’ home in August, an FBI spokesman confirmed to CNN.Nine people have pleaded guilty in the scandal, including former union officials, the widow of one union official, and employees at Fiat Chrysler who dealt with the union. Fiat Chrysler has declined to comment.A top union official, Vance Pearson, was the first active union official to be indicted earlier this year.
This year, the made-up food holiday held annually on Nov. 3 falls on a Sunday, which will be the day Popeyes’ sold out chicken sandwich – the one that prompted this summer’s battle over which chain has the best chicken sandwich – returns to restaurants.
But Sunday also is a day for free food, deals and discounts at restaurants across the country.
Just not at Chick-fil-A restaurants.
The Atlanta-based chain, famous for being closed on Sunday, sent an email to some of its loyalty members this week mentioning Sandwich Day.
Chick-fil-A later apologized for the snafu and confirmed it would still be closed on Sunday.
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A propane leak shut down a busy Sheetz store in Plum for much of the night and into the early morning.
The parent company of Toys R Us is turning to a key rival to restart its e-commerce business ahead of the holiday shopping season.Tru Kids Brands is teaming up with discounter Target Corp. to relaunch Toysrus.com, according to a joint release.The site, which launched Tuesday, features product reviews and videos and directs browsers to a buy button at Target.com to complete the purchase.
Tru Kids Brands is teaming up with discounter Target Corp. to relaunch Toysrus.com, according to a joint release.
The site, which launched Tuesday, features product reviews and videos and directs browsers to a buy button at Target.com to complete the purchase.
Both Target and Tru Kids declined to share details of the financial terms. But while analysts say the move is a big win for Target’s toy business, they question why Toys R Us’s parent company would decide to outsource e-commerce to a third party.
Now, Impossible products have hit Qdoba, Burger King, and supermarkets. Another plant-based meat company, Beyond Meat, is featured in Carl’s Jr, Subway, and now McDonald’s. It’s a sign that the new wave of meatless meat is approaching mainstream status — an encouraging development if you care about changing our meat-centric food system.
But if the emergence of meatless meat a few years ago was hailed unanimously as a good thing, the response to its mainstreaming has been tinged with skepticism. The adoption of Impossible Foods and Beyond Meat products by fast-food chains hasn’t exactly been welcomed in some quarters, even among those you would think would be more supportive of this development.
Call it the backlash against the fast rise of meatless meat.
- The company said it will close approximately 40 Bed Bath & Beyond stores, and 20 stores from its other concepts.
- Previously, the company expected to shutter 40 stores all together.
- Interim CEO Mary Winston said the decision is a result of its work to optimize its fleet.
“We want our stores to feel safe & welcoming for all, so we respectfully ask customers to not openly carry firearms in our stores unless they are authorized law enforcement officers,” the company said in a tweet bit.ly/2HPH03R.
The announcement comes as other retailers such as Walmart Inc (WMT.N) and Kroger Co (KR.N) tweaked their gun policy, with Walmart saying it would discontinue sales of ammunition for handguns and some assault-style rifles in stores across the United States.
Labor Day is here, giving investors a brief respite from a topsy-turvy year defined by an on-and-off trade war, the Federal Reserve in the spotlight, inverted yield curves, and significant volatility.
But hardly every company is thriving. From retail to health care to consumer staples, here are the five worst performing stocks in the S&P 500 so far this year.
Macy’s stock (M) is the worst performer in the S&P 500 so far this year, down 49% through last week. The decline of malls in the U.S. have hammered the retailer.
- Starbucks is launching the pumpkin cream cold brew, its first new pumpkin drink since introducing the pumpkin spice latte in 2003.
- The chain will launch its fall menu Tuesday.
- Cold beverages like Starbucks Refreshers and cold brew account for more than 50% of Starbucks sales.
AT&T employees across the Southeast went on strike on Saturday, August 24, 2019 protesting what they say are bad faith contract negotiations by the telecom company. Here Tim Whisenant, Jon Pilkington, Byrus Clark, Tia Turner, Chris Williams and Korey Phillips hold signs for passing cars outside AT&T’s Birmingham office on 6th Avenue North.
Members of CWA local unions across nine states, including Alabama, left their posts Saturday and took up places in front of AT&T facilities to protest negotiation tactics employed by the company. The strike includes AT&T employees in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee.
Overstock founder and CEO Patrick Byrne resigned Thursday after 20 years at the company amid his ties to a government investigation related to the 2016 election.
“In July I came forward to a small set of journalists regarding my involvement in certain government matters,” Byrne said in a letter to shareholders. “While I believe that I did what was necessary for the good of the country, for the good of the firm, I am in the sad position of having to sever ties with Overstock, both as CEO and board member, effective Thursday, August 22.”
Chairman Jonathan Johnson has been named interim CEO.
US stocks rose after Europe and China announced plans for additional stimulus to shore up their economies in the wake of a global trade war.China’s National Development and Reform Commission said Friday it would boost stimulus to shore up the country’s economy, stabilize employment and give people more disposable income. Although China didn’t elaborate on its plans, that was enough to soothe investors’ fears about the trade war’s harm to the global economy.
Shares of General Electric (NYSE: GE) seemed to have found their footing earlier this year, as the struggling conglomerate started to put its house back in order under the leadership of new CEO Larry Culp. However, investors have been dumping GE stock this month, even after the company raised its full-year guidance in late July.
GE just suffered an even bigger blow, as an accounting team led by Harry Markopolos — who became famous for having uncovered Bernie Madoff’s Ponzi scheme well before it fell apart — accused the company of accounting fraud. Indeed, GE stock plunged 11% on Thursday, as Markopolos claimed that the concerns he identified would cause the company to go bankrupt.
A new satellite casino approved to be built at a mall in Westmoreland County will give the county a boost with new jobs and revenue, but commissioners there have concerns over a name that will not reflect the community in which it will operate.
The state Gaming Control Board this week unanimously granted Stadium Casino LLC, owned by Cordish Companies of Maryland, a Category 4 satellite casino license to operate a casino in the shuttered Bon Ton space that the company will name Live! Casino Pittsburgh.
The commissioners are hopeful that some discussion with representatives from Cordish Companies could result in the selection of a more appropriate name.
The commissioners said despite the name, they are thrilled that the project is moving forward and have learned from officials at Westmoreland County Community College that the company has reached out to the college to provide training for those interested in casino dealing.
A strong U.S. retail sales report during a week many retailers are announcing earnings helped stabilize the stock market Thursday after sharp losses the day before. The Dow Jones Industrial Average(DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) seesawed between gains and losses but rallied toward the end of the session.
Today’s stock market
Index Percentage Change Point Change Dow 0.39% 99.97 S&P 500 0.25% 7.00
A solid quarter but weak outlook from Cisco
Network equipment leader Cisco Systems reported fiscal fourth-quarter results in line with expectations, but flat orders and weak guidance raised investor concerns, sending shares down 8.6%. Revenue grew 4.6% to $13.4 billion and adjusted earnings per share rose 19% to $0.83. Analysts were expecting the company to earn $0.01 less per share on revenue of $13.4 billion.
Sales in the Americas, Cisco’s most important region at 61% of revenue, grew 8.9% in Q4. But revenue from Asia-Pacific fell 3.8%, and CFO Kelly Kramer said in the conference call that the company’s business in China plunged 25%. Overall, gross margin improved 90 basis points from last quarter and 230 basis points from the period a year ago. Orders were flat year over year, and Cisco guided to Q1 revenue growth of between 0% and 2%.
Cisco’s challenges are centered on sales to service providers, especially Chinese telecoms, and orders would have been up mid-single digits if it weren’t for a 21% drop in orders to that segment. Those struggles with service providers overshadowed the company’s success in other areastoday.
Dow Jones futures turned higher Thursday morning, along with S&P 500 futures and Nasdaq 100 futures. Futures plunged after Beijing vowed retaliation vs. the new Trump tariffs, escalating the China trade war just two days after President Trump offered a partial reprieve on new China tariffs. Stock futures turned higher after China urged the U.S. to “meet halfway” on trade along with strong Walmart (WMT) results. The stock market rally already is reeling from Wednesday’s inverted yield curve, raising recession fears.
The drop comes as some forecasters warn of increasing odds of a recession, while President Trump has continued to hammer the Federal Reserve over its handling of interest rates.
In terms of point losses, Wednesday’s drop was the Dow’s 4th worst-ever day, though it did not crack the top 20 list in terms of percentage drops.
The latest plunge came after the yield for 10-year Treasury bonds fell below that for 2-year bonds, an economic indicator that frequently predicts a coming recession.
Chick-fil-A’s mac and cheese is officially on the menu nationwide.
Westmoreland County is planning a job fair to help fill as many as 50 positions at the courthouse, nursing home, jail and other government and human service offices.
The day-long event will be held from 9 a.m. to 7 p.m. Aug. 22 at the Ramada Inn in Hempfield.
It’s the first time the county has sponsored a job fair, Human Resources Director Amanda Bernard said.
“If we can hire 50 people, that would be great. We have a lot of vacancies, especially at the Manor where we are competing with local hospitals,” Bernard said.
JK’s County Market grocery store in East Huntingdon is closing its doors after 35 years.
According to owner John “JK” Krystyniak, the store will close at the end of the month — a decision he called “the end of an era.” He did not provide a specific date for when the store would close.
“It was a very difficult decision,” Krystyniak said. “There’s a lot of really good people working here, they have a lot of really great skills.”
He attributed the decision to close the store to a changing culture of people not preparing meals at home, a declining population in the area and an overabundance of grocery stores. In the immediate area around JK’s County Market, there is Aldi, a German discount grocery chain that opened in East Huntingdon in January, Walmart and Save-A-Lot.