This is one renationalisation that even an ultra-cautious Labour had to embrace: voters like it, there is no upfront outlay, and the Conservative government has already done most of the work to get there. The rail plans announced by shadow transport secretary, Louise Haigh, will confirm the longstanding Labour policy of taking national rail operations … Read more
AUSTIN (KXAN) — Austin is losing all four of its Foxtrot cafes as the Chicago-based company announced Tuesday it’s shutting down operations. Foxtrot is a cafe/marketplace plus coffee shop concept that had 33 locations in the Austin, Dallas, Chicago and Washington D.C. areas. It recently merged with Dom’s Kitchen & Market, also Chicago-based, which will … Read more
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after online fashion site Matchesfashion collapsed owing more than £210m last month. Customers who bought designer items prior to the administration are not able to return items or get a refund, according … Read more
NORTH AURORA, Ill. — Oberweis Dairy announced that it has received a bid to purchase the majority of its operating assets. The major announcement comes less than two weeks after the North Aurora-based company filed for Chapter 11 bankruptcy protection in the Northern District of Illinois. Oberweis President Adam Kraber announced Tuesday that the company had received a stalking horse … Read more
The logo of Chipotle Mexican Grill is seen in Manhattan, New York. Shannon Stapleton | Reuters Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by higher traffic to its restaurants. The stock rose 4% in extended trading. Here’s what the company reported compared with what Wall Street was expecting, based … Read more
Fewer than 60 multinationals are responsible for more than half of the world’s plastic pollution, with five responsible for a quarter of that, based on the findings of a piece of research published on Wednesday. The researchers concluded that for every percentage increase in plastic produced, there was an equivalent increase in plastic pollution in … Read more
CHICAGO — Dom’s Kitchen & Market and Foxtrot Market are closing stores in Chicago and across the country, just a few months after the grocery retailers merged. There were signs posted at Foxtrot locations in Chicago where the company said they were permanently closed, or closed for a final time. The closing went into effect … Read more
Ryanair has demanded that the EU reform its skies after the airline was forced to cancel more than 300 flights across Europe scheduled for Thursday because of a strike by French air traffic controllers. The cancellations come in spite of the withdrawal of strike action by one of the biggest unions, the SNCTA, which came … Read more
(NewsNation) — The toxic train derailment in East Palestine, Ohio, has cost Norfolk Southern more than $1.7 billion after the railroad agreed to a $600 million settlement in a class action lawsuit earlier this month. The company’s latest earnings report released Wednesday shows $592 million in costs related to the Ohio derailment in the first … Read more
Despite what the fearmongers would have you believe, the latest inflation figures showed that inflation remains well under control. Not only is there no need for any more rate rises, but doing so would only increase the likelihood of unemployment rising, with little actual impact on inflation. There’s always danger with reporting on inflation figures … Read more
