Walgreens said it will close five more stores in San Francisco next month because of organized retail theft in another blow to a city that has earned an embarrassing reputation for widespread shoplifting. The stores will close next month, SFGATE reported. It said Walgreens has closed at least 10 stores …
Read More »USPS mail slowdown sparks lawsuit from 20 state attorneys general
The U.S. Postal Service’s controversial slowdown of mail delivery that began October 1 is sparking a pushback from 20 attorneys general. On Thursday, the state officials — ranging from California to New York — sued the Postal Regulatory Commission, alleging that the federal oversight agency didn’t fully vet the broad-ranging …
Read More »Food stamps to get their biggest boost ever, with benefits rising more than 25%
The Biden administration is overhauling food stamps by putting in place a permanent increase in grocery benefits, providing a 27% bump in aid that marks the biggest-ever increase for the program. The boost comes as a temporary increase of 15% was set to expire next month. The boost will go into …
Read More »Facebook asks for recusal of FTC Chair Lina Khan, claiming bias
Facebook is pushing for Lina Khan, the new head of the Federal Trade Commission, to step away from antitrust investigations into the social network giant. The tech company asserts that Khan’s previous public criticism of the company’s market power makes it impossible for her to be impartial in the case. …
Read More »The Tax Cuts and Jobs Act was supposed to stop corporate tax dodgers. It didn’t, study says.
A key selling point of the 2017 Tax Cuts and Jobs Act was that it would discourage multinational corporations from funneling billions in profits to offshore tax havens, bringing that money back to the U.S. where it could create jobs and boost economic growth. But a recent analysis concludes that …
Read More »Neil Young searching for heart of gold … by selling song catalogue to investors
Neil Young has become the latest musician to strike gold with his song catalogue, selling a 50% stake in his music to a British investment company in a deal announced on Wednesday. The Hipgnosis Songs Fund said it had acquired half of the copyright and income interests in some 1,180 …
Read More »Jamie Oliver: Restaurant chain collapses into insolvency, risking 1,300 jobs
Celebrity chef Jamie Oliver’s British restaurant chain has become insolvent, putting 1,300 jobs at risk. The firm said Tuesday that it had gone into administration, a form of bankruptcy protection, and appointed KPMG to oversee the process. The company operates 23 Jamie’s Italian restaurants in the U.K. The company had …
Read More »Movie box office down 28 percent but not because of screening
Americans frequented the box office in far fewer numbers in the first couple months of 2019 compared to the same period a year ago, but don’t blame it on Netflix — streaming services had no effect on the decline in ticket sales, according to analysts. North American box office sales …
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