Category: Blog
Dollar Tree to close nearly 1,000 stores, posts surprise fourth quarter loss
Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 stores after the discount retailer slashed the value of a rival chain it acquired almost a decade ago. Dollar Tree plans to close about 600 Family Dollar stores in the first half of this year and 370 Family Dollar and 30 Dollar Tree stores over the next several years. Dollar Tree acquired…
Shakeup continues at Disney district a year after takeover by DeSantis appointees
ORLANDO, Fla. — The shakeup of Walt Disney World’s governing district more than a year after it was taken over by Gov. Ron DeSantis‘ appointees continued Wednesday with the departure of its board chairman who had been highly critical of Disney. Martin Garcia’s departure as chairman of the Central Florida Tourism Oversight District is coming a week after the district’s administrator, Glen Gilzean, left to…
UK government says it will back legislation to ban foreign state ownership of British newspapers
LONDON — The U.K. government said Wednesday it will back legislation banning foreign state ownership of British newspapers and magazines, a move that could upend a planned takeover by a United Arab Emirates-led consortium of the Telegraph Media Group. The development comes after numerous lawmakers from across the political divide urged an explicit ban, rather than using a regulatory approach to ensure that publications don’t…
Musk abruptly cancels ‘The Don Lemon Show’ on X after he sits for the program’s first interview
Elon Musk has abruptly canceled “The Don Lemon Show” a talk show on his social media network, X ByDAVID HAMILTON AP business writer SAN FRANCISCO — Elon Musk abruptly canceled “The Don Lemon Show” on his social media network X after the former CNN anchor recorded an interview with the billionaire for its as-yet unaired first episode. Musk owns X, formerly known as Twitter, and…
The United States has its first large offshore wind farm, with more to come
America’s first commercial-scale offshore wind farm is officially open, a long-awaited moment that helps pave the way for a succession of large wind farms. Danish wind energy developer Ørsted and the utility Eversource built a 12-turbine wind farm called South Fork Wind 35 miles (56 kilometers) east of Montauk Point, New York. New York Gov. Kathy Hochul went to Long Island Thursday to announce that…
IMF to hold crucial talks with Pakistan over release of final $1.1B tranche of $3B bailout
Officials say the International Monetary Fund will hold a crucial round of talks with Pakistan’s new government starting this week ByMUNIR AHMED Associated Press ISLAMABAD — The International Monetary Fund will hold a crucial round of talks with Pakistan’s newly elected government this week to determine whether the country has met conditions for receiving the much needed final $1.1 billion tranche of a $3 billion…
UK high court rules Australian computer scientist is not mysterious bitcoin founder as he claims
LONDON — Britain’s high court ruled Thursday that an Australian computer scientist is not, as he claimed, the mysterious creator of the bitcoin cryptocurrency. Craig Wright has for eight years claimed that he was the man behind “Satoshi Nakamoto,” the pseudonym that masked the identity of the creator of bitcoin. His claim was rejected by the Crypto Open Patent Alliance, or Copa, a non-profit group…
Biden is coming out in opposition to plans to sell US Steel to a Japanese company
WASHINGTON — President Joe Biden came out in opposition to the planned sale of U.S. Steel to Nippon Steel of Japan, saying on Thursday that the U.S. needs to “maintain strong American steel companies powered by American steel workers.” In a statement, Biden added: “U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to…
Kenyan doctors strike nationwide. Patients left unattended or turned away at public hospitals
Doctors at Kenya’s public hospitals began a nationwide strike, accusing the government of failing to implement a raft of promises from a collective bargaining agreement signed in 2017 after a 100-day strike that saw people dying from lack of care ByTOM ODULA Associated Press NAIROBI, Kenya — Doctors at Kenya’s public hospitals began a nationwide strike Thursday, accusing the government of failing to implement a…
Seat belt saved passenger’s life on Boeing 737 jet that suffered a blowout, new lawsuit says
SEATTLE — More passengers who were aboard an Alaska Airlines Boeing 737 jet when part of its fuselage blew out in January are suing — including one who says his life was saved by a seat belt. The latest lawsuit, representing seven passengers, was filed in Washington’s King County Superior Court Thursday against Boeing, Alaska Airlines, Spirit AeroSystems and 10 people listed as John Does….