Starbucks and the union representing its baristas have decided to resume contract negotiations after an extended period of stalemate. This development comes following their previous announcement in February about finding a “constructive path forward” during mediation discussions. This marks a significant shift for Starbucks, which had been embroiled in a two-year battle against Workers United
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Ford Motor is set to reveal its first-quarter earnings after the markets close on Wednesday. Analysts on Wall Street have put forward their expectations for the company’s performance during this period. The consensus estimates suggest earnings per share of 42 cents, adjusted, with automotive revenue reaching $40.10 billion. These figures reflect a 2.6% increase in
PepsiCo recently released its quarterly earnings report, surprising analysts with better-than-expected results despite facing challenges in the U.S. market. The company reported a net income of $2.04 billion, or $1.48 per share, beating Wall Street expectations. However, PepsiCo’s stock saw a decline of over 2% in morning trading, signaling investor concerns regarding the future outlook
One of the largest local TV broadcasters in the U.S., E.W. Scripps, has made headlines by hiring a financial advisor to evaluate interest in acquiring Bounce TV, its over-the-air network tailored for African American audiences. This move comes in the wake of Paramount Global exploring the sale of BET Media Group, a Black entertainment company,
General Motors’ first-quarter performance exceeded expectations, with the company witnessing a surge in both revenue and net income. The automotive giant has raised its 2024 guidance following a stellar first quarter, highlighting robust North American operations as a key contributor to its success. GM’s adjusted earnings are now expected to reach $12.5 billion to $14.5
The U.S. Federal Trade Commission took a firm stance on Monday by filing a lawsuit to obstruct the $8.5 billion deal between Coach and Kate Spade’s parent company, Tapestry, and Capri Holdings. This move throws a temporary wrench in the plan to merge two prominent names in American luxury retail and consolidate six fashion brands
The United Auto Workers achieved a significant victory over the weekend as Volkswagen workers in Chattanooga, Tennessee voted overwhelmingly in favor of joining the union. This victory marks the UAW’s first successful attempt at organizing a foreign-owned automaker plant in the South. The implications of this vote have the potential to affect other automakers, organized
Boeing recently informed its employees about the possibility of a slower increase in production and deliveries of the new 787 Dreamliner planes. This setback is attributed to supplier shortages of “a few key parts,” which have impacted the manufacturing process. The aviation giant has already faced challenges with its 737 Max planes, slowing down deliveries
The recent announcement of Aaron LaBerge’s departure from Disney as the chief technology officer has sent shockwaves through the entertainment industry. LaBerge’s decision to take on a new role at PENN Entertainment, the company behind ESPN Bet, marks the end of an era at Disney. His departure comes at a critical time when Disney is
Express, a longtime mall retailer, recently made headlines by filing for Chapter 11 bankruptcy protection. The company, which owns popular brands like Bonobos and UpWest, is facing significant challenges that have led to the closure of 95 of its stores and all UpWest locations. This decision comes after years of declining revenue, mounting debt, and
