Customers outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart Inc. is scheduled to release earnings figures on May 17. Bing Guan | Bloomberg | Getty Images Walmart on Friday told employees that it will expand abortion and travel coverage for employees, according to an internal memo. The change comes … Read more
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images DETROIT – General Motors is reinstating a quarterly cash dividend for shareholders that was cut to preserve cash during the early … Read more
Lincoln Model L100 Concept Lincoln Ford Motor on Thursday unveiled a sleek, futuristic concept car to showcase the company’s vision for its Lincoln luxury brand. The Model L100 concept pays homage to Lincoln’s 1922 Model L — the carmaker’s first luxury vehicle — while showcasing its vision of what an electric, autonomous luxury car could … Read more
Starbucks Chief Operating Officer John Culver is departing the company after two decades with the coffee chain, as part of a restructuring that will eliminate his role. His exit comes in the middle of a broader executive reshuffling at Starbucks. Former CEO Kevin Johnson retired earlier this year, leading Howard Schultz to return to the … Read more
Shoppers walk past a Bed Bath & Beyond store in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures dumped its stock on Tuesday and Wednesday … Read more
Ted Decker, Home Depot Source: PRNewswire Home Depot has named CEO Ted Decker as the chairman of the board, the company announced Thursday. He replaces former CEO Craig Menear, who will retire as chairman Sept. 30. Decker took over as CEO in March, when Menear stepped down from that role. Prior to that, Menear had … Read more
The U.S. will provide 50,000 monkeypox vaccine doses specifically for large events with high attendance by gay and bisexual men in an effort to better reach the community most at risk right now, health officials said on Thursday. Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention, said communities hosting Pride and … Read more
Deshaun Watson #4 of the Cleveland Browns takes off his helmet during Cleveland Browns training camp at CrossCountry Mortgage Campus on August 09, 2022 in Berea, Ohio. Nick Cammett | Getty Images The NFL and NFL Players Association settled on an 11-game suspension for Cleveland Browns quarterback Deshaun Watson, the league announced on Thursday. Watson … Read more
Taco Bell’s new Crispy Melt Taco, made with a plant-based meat substitute Source: Taco Bell Taco Bell is testing a plant-based meat substitute made from soy and pea protein at its restaurants in Birmingham, Alabama. It’s the third trial of proprietary meat alternatives made by the Yum Brands chain since it announced a partnership with … Read more
A United Airlines flight crew walks through the terminal at San Francisco International Airport on April 12, 2020 in San Francisco, California. Justin Sullivan | Getty Images The largest U.S. airlines are making money again. Labor unions don’t want them to spend it on stock buybacks. A condition of the $54 billion in federal aid … Read more