Red Lobster Abruptly Closes at Least 48 Restaurants in US Amid Bankruptcy Reports

Red Lobster is unexpectedly shutting 48 US locations, liquidating its assets via an online auction.


Sony Appoints Hermen Hulst and Hideaki Nishino as New PlayStation CEOs

Sony named Hermen Hulst and Hideaki Nishino PlayStation division CEOs starting on June 1, replacing Jim Ryan...

Boeing Firefighter Lockout Draws Protests From Union Leaders, Lawmakers

Union leaders and lawmakers on Monday strongly criticized Boeing for locking out its unionized firefighters and urged the company to reach a fair contract agreement...

Corporate Greed Is Not the Main Driver of US Inflation: Fed Study

Corporate greed is not the main driver of US inflation, according to a study released by the Federal Reserve Bank of San Francisco...


Latest News

Chinese EV Maker Zeekr Makes Debut in US IPO, Raises $441 Million as Shares Skyrocket by 24%
Zeekr's US IPO soars, raising $441M with a 24% share surge. Amid Chinese EV market competition, Zeekr eyes global expansion, delivering 49,148 vehicles in 2024.
Trudeau Slammed By Business Groups Over Proposal to Change Capital Gains Tax That Will Affect Them
Canadian business groups clarified to Trudeau that one in five companies, not individuals, would be affected, sparking debates over fairness and its potential impact on high-income earners and corpora
UK Recovers From Recession With 0.6% GDP Growth
Recent data indicates the UK economy has exited recession with a 0.6% growth in GDP; Prime Minister Rishi Sunak praises the momentum, while the Bank of England maintains interest rates at 5.25%.
Gordon Ramsay's Celebrity Dining Establishments Suffers $4.7 Million Losses
Celebrity chef Gordon Ramsay's restaurant chain faced a threefold increase in losses, reaching £3.4 million ($4.89 million) last year, due to investments in opening five new dining establishments.
OpenAI CEO Sam Altman Debuts Nuclear Power Company Oklo On NYSE
OpenAI CEO Sam Altman has taken his nuclear power company, Oklo, public with shares trading on the NYSE despite facing regulatory hurdles and no revenues yet.
China's Yuan Weakens As Biden Hits Chinese EVs And Batteries With Tariffs
President Biden's administration plans to announce new tariffs on China, focusing on industries like electric vehicles, batteries, and solar cells, continuing the economic competition between the two
Air Vanuatu Files for Bankruptcy Protection After Canceling All International Flights, Leaving Thousands of Tourists Stranded
Air Vanuatu has filed for bankruptcy protection after it canceled all its international flights, which left thousands of passengers stranded.
Hawaii's 2024 Teacher Appreciation Week Concludes with Last Chance Discounts for Educators
Several stores are participating in Hawaii’s celebration of Teachers Appreciation Week, most of which will end on May 10.
Apple Apologizes for New iPad Pro Ad That Sparks Angry Backlash From Hugh Grant and More
Apple's new iPad Pro advertisement has sparked angry reactions among people in the entertainment and other creative industries.
Microsoft’s Brad Smith Requested to House Committee Hearing This Month Over Security Breaches: Report
A House committee calls Microsoft's Brad Smith to testify later this month about software flaws that enabled hackers to access government officials' email accounts.
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