CNN — At Teddy & The Bully Bar restaurant near downtown Washington, DC, business has never been the same since the pandemic hit. “It’s very challenging,” owner Alan Popovsky said. “I’m still going to be climbing the hill for quite some time. Probably for the rest of my life.” The […]
Business
CNN — ExxonMobil’s own scientists accurately predicted future global warming in reports dating back to the late 1970s and early 1980s, despite the company publicly continuing for years to cast doubt on climate science and lobby against climate action, according to a new analysis. Researchers examined climate projections produced between […]
New York CNN — At the end of a long wooden California pier that juts out above the Pacific ocean sits the Wharf House. It’s now almost entirely unreachable. The Wharf House restaurant, an iconic establishment for the residents in the seaside town of Capitola in Santa Cruz County, sits […]
U.S. stocks ended Friday higher after key earnings reports from financial heavyweights. The S&P 500 (^GSPC) added 0.4%, while the Dow Jones Industrial Average (^DJI) increased by 0.3%. The technology-heavy Nasdaq Composite (^IXIC) was up roughly 0.7%, closing upward for sixth consecutive day, the longest streak since 2021. The Nasdaq […]
Psyence Group Inc. VANCOUVER, British Columbia, Jan. 09, 2023 (GLOBE NEWSWIRE) — Psyence Group Inc. (CSE:PSYG | OTCQB: PSYGF), a life science biotechnology company pioneering the use of natural psilocybin in mental health and well-being (“Psyence”), and Newcourt Acquisition Corp (Nasdaq: NCAC), a special purpose acquisition company (“SPAC”) formed for […]
Press Releases 01/09/2023 Governor Lamont Announces Global Atlantic Financial Group Is Expanding Operations and Adding Jobs in Hartford (HARTFORD, CT) – Governor Ned Lamont today announced that Global Atlantic Financial Group, a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, is growing its […]
A round-up of openings, closings, and other news about West Hartford businesses. By Ronni Newton Before I say anything else, I want to thank all who reached out to express condolences to our family following the death of Ted’s dad. We really appreciate all of your kind words. My sense […]
New York CNN — Stitch Fix, facing economic turbulence, announced a double whammy on Thursday: CEO Elizabeth Spaulding is stepping down and the company planned to lay off 20% of its salaried staff. The online personalized subscription clothing retailer also said it was closing some operations, including its Salt Lake […]
Tokyo CNN — Japan is offering to pay families to move out of its overcrowded capital, in an effort to revitalize countryside towns and boost the falling birth rate. Starting in April, families in the Tokyo metropolitan area, including those headed by single parents, will be eligible to receive 1 […]
The end may be near for Bed Bath & Beyond (BBBY). In a statement published before the market open on Thursday, the company said bankruptcy is on the table as it works to shore up its leaky balance sheet amid continued financial struggles. “The Company continues to consider all strategic […]
New York CNN Business — Several grocery items have gotten more expensive this year. But nothing comes close to the rise in egg prices. In the year through November, not adjusted for seasonal swings, egg prices jumped 49%, according to data from the Bureau of Labor Statistics. Since early this […]
At the height of the Covid pandemic in December 2020, marketing executive Katie Klumper called former colleague Vikram Tank with a request that had nothing to do with her day job: Would he team up with her to start a business selling condiments. The executives, who met years earlier while […]
New York CNN — In the pantheon of sodas, Dr Pepper is the odd one out: It doesn’t have the popularity or sales of Coca-Cola or Pepsi, you can’t use it in a standard cocktail, and it doesn’t fall neatly into a category like cola or root beer. For decades, […]
New York CNN — Starbucks is making changes to its rewards program, requiring members to spend more to earn some popular freebies. Starting February 13, members will need 100 stars — Starbucks’ term for points — to get one cup of hot or iced coffee or tea, a baked good, […]
U.S. stocks charged higher Thursday, led by a rebound across technology stocks, as investors attempted to salvage the last two trading days of a brutal year for markets. The S&P 500 (^GSPC) gained 1.7%, snapping two days of losses, while the Dow Jones Industrial Average (^DJI) jumped nearly 350 points, […]
CNN — A blast of severe winter weather last week caused thousands of Southwest Airlines flight cancellations and spiraled into a complete meltdown of its flight system. In the days since, the carrier’s scramble to recover has been slow and, some passengers argue, largely unsuccessful. But experts say Southwest’s mess […]
Valvo’s in Silver Creek closed in 2022. Overall, it was a depressing year on the local business scene. Victories, such as the opening of the Americold cold storage facility in the town of Dunkirk, were overshadowed by setbacks. Most notably, major layoffs at the nearby Wells ice cream and big […]
Research co-authored by the assistant professor of finance evaluates executive compensation practices for businesses and their impact on corporate decision-making. Drew Peabody, assistant professor of finance in the Martha and Spencer Love School of Business, co-authored an article exploring executive compensation practices in businesses in the December 2022 issue of […]
Transaction creates a strong foundation to support CIT’s continued growth and expanded services and offerings CHICAGO and WILMINGTON, Del., Dec. 19, 2022 /PRNewswire/ — Wilmington Trust, N.A. (“Wilmington Trust”), a leader in wealth management and corporate and institutional services and a wholly-owned subsidiary of M&T Bank Corporation (“M&T”) (NYSE: MTB), […]
In stable times, business building is a powerful way to extend into new and higher growth areas. In times of great disruption and uncertainty, however, building new businesses becomes a critical path to improving an organization’s ability to survive and thrive. Many leaders are bracing for a rough economic ride—they’re […]