True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday. In a press release, True Value said it will continue day-to-day operations of selling hardware and other homeware tools to its 4,500 independently operated locations during the Chapter […]
Category: Business
Holiday creep! Retail shopping already beginning
Get ready for holiday merchandise to hit store shelves earlier than usual this year, and for retailers to roll out seasonal promotions well before temperatures drop. Discounted pricing once reserved for Black Friday and Cyber Monday is now going into effect in early October. “Holiday creep,” the term for when retailers start selling holiday-themed items […]
FCC bypasses rules; gives Soros 200 radio stations
The House Oversight and Accountability Committee opened an inquiry Thursday into the Federal Communications Commission’s expedited approval of a deal that would give Democrat megadonor George Soros a large stake in more than 200 U.S. radio stations, alleging the body was in an effort to “interfere in the 2024 election and politicize” a body that […]
Looming shipping strike set for October 1st
U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. 1 strike that could jam supply chains and reignite inflation ahead of the U.S. presidential election.“This is just another headache after everything […]
3 Mile Island nuclear reactor reopens
Three Mile Island, the site of worst nuclear disaster in the United States, is reopening and will exclusively sell the power to Microsoft as the company searches for energy sources to fuel its AI ambitions. Constellation Energy announced Friday that its Unit 1 reactor, which closed five years ago, is expected to be revived in […]
Home Depot to pay $2M for ‘scanner violations’
Home Depot will pay nearly $2 million to settle a civil enforcement claim from California district attorneys that the home improvement company was engaging in false advertising and unfair competition. The complaint filed in San Diego Superior Court said that when people at Home Depot brought an item to checkout, they would be charged more […]
Restaurant’s now adding “Appreciation Fee” to bills
Awoman has turned to internet viewers to frustration after dining out and receiving an unexpected fee on the check. The September 3 post, which features a photo of a 30-year-old woman’s bill, has racked up 11,000 upvotes. The bill shows three breakfast items from Paperboy restaurant in Austin, Texas, along with some drinks, totaling $64.75. […]
Disney pulls programming from DirecTV
Walt Disney and satellite TV provider DirecTV have failed to agree a fresh distribution deal for ESPN, ABC and other Disney-owned networks, with the companies confirming Sunday upwards of 11 million DirecTV subscribers now lose access as a result. The blackout came during the U.S. Open tennis tournament and in the midst of the first […]
Kamala gets a boost from lower gas prices
Prices at the pump dropped to a three-year low on Labor Day weekend and are expected to continue falling through November, reaching lows that would please drivers and favor Democratic nominee Kamala Harris in the presidential election. After reaching a peak of $3.69 per gallon in April, gas prices have been sliding down steadily in […]
Another major grocery chain stops tobacco sales
If you want to buy a pack of cigarettes, you won’t find them at Stop & Shop. The grocer announced this week that it plans to stop selling cigarettes and tobacco products at all of its 360 stores across the Northeast by Aug. 31 “as a part of the brand’s commitment to community wellness.” “From […]
Canada hits China with 100% Tariff on EVs
Canada says it will impose a 100% tariff on imports of China-made electric vehicles (EV) after similar announcements by the US and European Union.The country also plans to impose a 25% duty on Chinese steel and aluminium.Canada and its Western allies accuse China of subsidising its EV industry, giving its car makers an unfair advantage.China […]
Harley Davidson & Jack Daniel’s jettison DEI
Jack Daniel’s and Harley Davidson have each announced that they are ending all diversity, equity, and inclusion (DEI) efforts after extremists threatened “anti-woke” boycotts. The motorcycle company announced Monday that it would be reviewing its sponsorships and pulling out of the Human Rights Campaign’s (HRC) corporate equality index, while also ensuring that employee training will […]