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Tag: Company
Warren Buffett finally reveals the mysterious company he’s invested billions of dollars in
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year. Berkshire revealed it acquired nearly 26 million shares of Chubb in a Wednesday Securities and Exchange Commission filing of the company’s first quarter investments. That translates […]
Spirit Airlines CEO Slams “Uninformed Government,” Says Airline Industry Is A “Rigged Game” As The Company Struggles To Survive
Spirit Airlines CEO Slams “Uninformed Government,” Says Airline Industry Is A “Rigged Game” As The Company Struggles To Survive Spirit Airlines (NYSE:SAVE) was once the target of a hot bidding war between two of its rivals, Frontier Group (NASDAQ:ULCC) and JetBlue Airways (NASDAQ:JBLU). Less than two years after JetBlue successfully beat out Frontier with a […]
Supermacs spent up to €7m on staff housing as company enjoys record revenues
Supermacs boss Pat McDonagh has said his group has spent between €6 million and €7 million on houses for staff. In an interview, Mr McDonagh said the recruitment of staff was “the biggest challenge” facing his fast food and hospitality business today. He said currently there are between 200 to 250 Supermacs staff in mainly […]
Wawa talks company culture, plans to bring at least 10 stores to the Wilmington area
Wawa unveiled the new store design that the company is planning to bring to the Wilmington area on May 14, 2024. The Philadelphia-based convenience store chain has an expansive vision for North Carolina, according to officials with the company. On Tuesday, Wawa hosted the first of a three-stop Community Partnership Tour in Wilmington to share […]
Two Kansas City area Red Lobster restaurants close as company shuts 87 nationwide
Two Red Lobster locations in the Kansas City area have closed. Restaurants in Olathe at 14904 W. 119th St. and in Kansas City, Kansas, at 10700 Parallel Parkway, had signs on their doors Tuesday morning announcing their closure. “This location is closed. We look forward to serving you at another Red Lobster location in the […]
AMC stock more than doubles amid meme craze as company completes $250 million share sale
AMC Entertainment (AMC) is cashing in on the revival of the meme stock trade. The struggling theater chain raised $250 million of “new equity capital” through the sale of 72.5 million shares on Monday, per an SEC filing. The completion of the equity offering, which was initially launched on March 28, came as the meme […]
Ex-Hanford worker admits COVID loan fraud for his solar-powered wheelchair company
A Tri-Cities man has admitted to conspiring with two other people who fraudulently obtained about $265,000 in federal COVID relief loans, including by submitting false payroll and tax records to the federal government. David “Kurt” Schneider, 54, of Kennewick, and two co-defendants also applied for additional payments or loans of about $563,600, but those applications […]
SpaceX Starlink satellites doing just fine after weekend solar storm, company says
SpaceX’s Starlink fleet survived solar storms over the weekend. Starlink broadband satellites, which number nearly 6,000 in orbit, all came through after intense solar activity sparked auroras and other signs of space weather across the world, including unusually far into the southern United States. “All Starlink satellites on-orbit weathered the geomagnetic storm and remain healthy,” […]
German company launches and recovers test rocket in Australia
A test commercial rocket launched by German company HyImpulse from Koonibba in Australia has been recovered largely intact and is on its way back to Germany almost two weeks after launch, a company spokesman said on Monday. The load carried by the rocket has also been recovered. The rocket will now undergo detailed examination at […]
Sherry House is the next CFO at Ford—a company where her family has roots
Good morning. Ford Motor Company has chosen its next CFO. The Dearborn, Mich.-based automotive giant (no. 19 on the Fortune 500) announced on Friday that Sherry House, who most recently was CFO at electric vehicle maker Lucid Motors, is joining Ford as vice president of finance on June 3. House will succeed current CFO John […]
Minnesota Vikings NFL Neon Logo Desk Lamp by The Memory Company (NFL-VIK-1808)
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