Friday, November 22

Tag: Business

Latest: Weekend Business News Roundup February 10, 2024Latest: Weekend Business News Roundup February 10, 2024
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Latest: Weekend Business News Roundup February 10, 2024

Image: Laura Bratton, Photos: Post Consumer Brands (press release), Justin Sullivan (Getty Images)Rappers Snoop Dogg and Master P may have already made their mark in hip hop, but their real dream was to make cereal. Yes, cereal.Or at least that’s what the two performers (who are worth $160 million and $200 million, respectively) say in a new lawsuit against Walmart and Post Consumer Brands. The music moguls allege they started their company Broadus Foods in 2022 “to be a legacy for Snoop Dogg and Master P’s family they could leave to help them create a brighter future.” - Laura Bratton Read More Source link
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Latest: They opened a Haitian food truck. Then they were told, ‘Go back to your own country,’ lawsuit says

PARKSLEY, Va. -- A married couple who fled Haiti for Virginia achieved their American dream when they opened a variety market on the Eastern Shore, selling hard-to-find spices, sodas and rice to the region's growing Haitian community.When they added a Haitian food truck, people drove from an hour away for freshly cooked oxtail, fried plantains and marinated pork. But Clemene Bastien and Theslet Benoir are now suing the town of Parksley, alleging that it forced their food truck to close. The couple also says a town councilman cut the mobile kitchen’s water line and screamed, “Go back to your own country!”“When we first opened, there were a lot of people" ordering food, Bastien said, speaking through an interpreter. “And the day after, there were a lot of people. And then ... they started ha...
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Latest: Hershey is worried about popcorn, not record cocoa prices

Hershey CEO Michele Buck opened up the company’s earnings call (pdf) Thursday (Feb. 8) by talking about “historic” cocoa prices. Thanks to speculators taking advantage of back-to-back West African rains and droughts, a metric ton of the brown stuff costs more than $5,400 for one contract traded out of New York, more than double what it was the same time last year. The chocolatier is maneuvering to keep from raising prices too much. How to negotiate salary going into a new job | Your Wallet“I do want to be very clear that there’s no change to our pricing strategy,” she told investors. “And our commitment to use pricing to cover inflation and to support the investments that we think are critical to drive the business. So, given where cocoa prices are, we will be using every tool in our toolb...
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Latest: Dominion still has pending lawsuits against election deniers such as Rudy Giuliani and Sidney Powell

Reporters and members of the public outside of the Leonard Williams Justice Center where Dominion Voting Systems is suing Fox News in Delaware Superior Court today in Wilmington, Delaware. (Chip Somodevilla/Getty Images)A last-second settlement has been reached in Dominion Voting Systems’ historic defamation lawsuit against Fox News, the parties announced Tuesday in court. “The parties have resolved their case,” Delaware Superior Court Judge Eric Davis said.  “Your presence here… was extremely important. And without you, the parties would not have been able to resolve their situation,” the judge told the jurors, before dismissing them.The settlement was apparently brokered while the trial was on the brink of opening statements in Wilmington, Delaware. After swearing in the jury earlier Tue...
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Latest: Stock market today: Wall Street holds near record levels, with S&P 500 on precipice of 5,000

NEW YORK -- U.S. stocks are holding near record levels Thursday as evidence keeps piling up to show the job market remains remarkably solid.The S&P 500 was virtually unchanged in early trading, a day after coming within a fraction of a point of the 5,000 level for the first time. The Dow Jones Industrial Average was up 24 points, or 0.1%, as of 9:40 a.m. Eastern time, and the Nasdaq composite was flat.The U.S. economy has blown past earlier expectations for a recession, and the latest show of strength came from a report indicating fewer workers applied for unemployment benefits last week than expected. The number remains low relative to history, even if layoffs at Google’s parent company, Macy’s and other big-name companies have been getting attention recently.In prior months, such a r...
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