The E. coli outbreak connected to Chipotle's outlets which began in the Northwest and quickly spread to a number of other states seems to be over now. Investigations were carried out by the authorities but the reasons of the outbreak still continue to be unknown.
Macy's Inc. suffered its worst holiday sales ever and the disappointed figures forced the retailer to say on Wednesday that it has plans of cutting jobs, relocating staff and exploring other options for its real estate to cut down on the cost. The retailer said it has plans of trimming approximately 4,800 jobs and shut down about forty stores.
FedEx Concedes It will not be Able to Deliver all Packages in Time for Christmas due to Bad Weather and Last Minute Rush
In spite of doing their best, FedEx admits that it cannot make all packages delivered on time for Christmas.
Last-minute rush for holiday shipment along with bad weather in certain areas in the U. S has actually made it difficult for FedEx to deliver the huge volumes of packages.
On Friday, a federal jury in Chicago ordered Caterpillar Inc. to pay $73.6 million in damages related to a lawsuit by Miller UK Ltd. The company which is a former supplier of Caterpillar alleged the equipment manufacturer headquartered in Peoria, Illinois of misappropriate its trade secrets.
Berkshire Hathaway Inc. reported quarterly profits that almost doubled to touch record high. This mirrors big gains on its stake that the company has in Kraft Heinz Co. Operating profits dropped due to feebler results from insurance underwriting.
On Wednesday, Facebook Inc posted strong growth in revenue and profit for the quarter. The largest social network in the world is growing bigger with a larger user base as number of mobile users increase and advertising also lifted its stock to an all-time high.
In September, Volkswagen admitted that it illegally installed software in its eleven million diesel cars to cheat the emission test results. Since then the government agencies are running tests on all diesel passenger vehicles that run on the roads of the United States.
- J. Michael Pearson, Valeant’s Chief Executive Officer Spent Christmas in Hospital for ‘Severe’ Pneumonia
- Eversource Faces Stiff Challenge from ‘Society for the Protection of New Hampshire Forests’ over Burying Power Lines
- Shaw Communications Agree to Buy Wind Mobile for C$1.6 Billion
- Supporters of The Export-Import Bank in Congress make an Attempt to Revive It