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Red Lobster Mulls Possible Bankruptcy Filing Amid Debt And Rising Labor Costs

Seafood Chain Red Lobster Initiates Search for Buyer Amid Looming Bankruptcy Filing

Red Lobster seeks buyer to evade bankruptcy amid debts and losses—casual dining industry woes worsened by the pandemic.


Southwest Airlines Considers Departure from Single-Class, Open-Seating System

Southwest Airlines CEO Bob Jordan revealed plans to potentially revamp the airline's cabin layout, including considering ending its open-seating tradition, a departure from its traditional model.

World's First AI Avatars With 'Expressive Emotions' To Be Released By Synthesia

Synthesia's new AI, "Expressive Avatars," improves digital storytelling with authentic emotional expressions. However, it faces scrutiny over potential misuse, with concerns about its deceptive capabilities and ethical implications.

Middle East Conflict Could Push Oil Prices to the Top and Drive Global Inflation, Says World Bank

The World Bank warns that escalating conflicts in the Middle East could push oil prices over $100 a barrel, potentially increasing the recent decline in global inflation and worsening economic challenges worldwide.


Latest News

2025 Social Security COLA: Expected Impact on Disability Benefits
Spouses with no work history or low salaries may qualify for Social Security benefits based on the job record of their retired partner.
Stellantis
Stellantis CEO Carlos Tavares warns that the UK's electric car mandate could force Vauxhall out of the British market, labeling the law a "disaster" due to potential loss-making sales.
Mark Zuckerberg seeks investor patience as Meta continuously pushes for AI projects, despite warnings and premarket stock decline fueled by increased spending and slower sales growth.
Walgreens to Open New Pharmacy Offering Cell and Gene Therapies to Patients With Chronic Diseases Like Cancer
Walgreens Boots Alliance Inc. is opening a new pharmacy offering cell and gene therapies for patients with cancer, cystic fibrosis, and Crohn's disease.
Trans Woman Beaten to Death Outside Florida Ballet Studio
Authorities have detained a man in connection with the beating death of a transgender woman whose body was discovered near the Miami City Ballet on Tuesday morning.
Toyota Teams Up With China's Tencent to Attract Younger Drivers in the Era of AI
Toyota has partnered with Tencent to attract younger drivers in China. Japanese automaker Toyota has announced a partnership with Tencent, a Chinese social media and gaming giant, as it tries to appeal to the tech-savvy younger demographic.
 Facebook, Instagram Parent Company Meta Shares Tumble Amid Continued Push Into AI Development
Wall Street was alarmed by Meta's aggressive drive into AI development, despite the technology company's first-quarter earnings and revenues increasing 27% to $36.46 billion
Binance Founder Changpeng Zhao Apologizes, Accepts 'Full Responsibility' in Letter to Judge Ahead of Sentencing
Binance founder and former CEO Changpeng Zhao has publicly apologized for his past actions and "poor decisions" ahead of his sentencing.
Elon Musk Condemns Apple’s OpenAI Agreement; Are His Concerns Valid?
Injury rates at SpaceX facilities remained higher above the industry average in 2023, according to an assessment of safety data submitted to US authorities by billionaire Elon Musk's space business.
Tesla's Autopilot driving system raises safety concerns after a tragic car crash near Seattle that hit and killed a motorcyclist.
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