Kroger grocery company CEO Rodney McMullen cut COVID-19 hazard pay for food workers last year just months into the pandemic — then scooped up a record $22.4 million in compensation for himself, Bloomberg reported Thursday. McMullen’s pay package was revealed Thursday in a regulatory filing. His compensation rose almost 6% from the prior year, padded by a bigger bonus, a […]
Read more
The claim: The Biden administration rejected the National Day of Prayer Joe Biden is the second Catholic president in American history. He wears his son’s rosary beads and attends church regularly. But on Facebook, a Republican political action committee makes it seem like the Biden White House is a godless place. In an image published May 6, the Stars and Stripes Forever PAC […]
Read more
Disney revenue slid 13% in the fiscal second quarter, but earnings per share nearly doubled, beating Wall Street expectations. Streaming once again was the highlight of the financial report, but growth of Disney+ moderated significantly during the period. It reached 103.6 million global subscribers, up from 94 million as of the previous quarter. Analysts had expected a tally of around […]
Read more
CB Insights’ lastest funding report showed that retail technology investment has experienced its strongest momentum in five years, soaring to $28.9 billion from $18 billion in the fourth quarter of 2020. Laura Kennedy, senior lead analyst at CB Insights and author of the report, told WWD the jump was surprising, and “was due to the fact that there were so […]
Read more
T5 using the brain-computer interface to type a sentence. (Photo: Stanford University) A man who lost all movement below the neck after a spinal cord injury in 2007 was finally able to write again – with his mind. Stanford University researchers used artificial intelligence software and a brain-computer interface to help the man with immobilized limbs to communicate by text, according […]
Read moreMcDonald’s is raising pay at 650 company-owned stores in the U.S. as part of its push to hire thousands of new workers in a tight labor market. The fast-food giant is also encouraging its franchisees — which make up 95% of its restaurant base — to boost pay. McDonald’s follows other chains including Chipotle, which said Monday that it will […]
Read more
SINGAPORE – Local firms are focusing on two key strategies in the wake of the pandemic – improving staff capabilities and reorganising their workforces in readiness for the post-Covid-19 environment, showed a new survey. It found that 63 per cent of companies here see staff restructuring as the top priority in the wake of the pandemic’s financial impact. Equipping employees […]
Read more
Hudson’s Bay has committed to the 15 Percent Pledge, in the latest sign of growing support for the nonprofit organization’s call for retailers to allocate 15 percent of their shelf-space to Black-owned brands. Joining the 15 Percent Pledge means that beginning with the fall 2021 season, at least 15 percent of all new brands purchased for the Hudson’s Bay stores […]
Read moreShares plunge on latest results as luxury brand fears it will take years for sales from wealthy tourists to recover Last modified on Thu 13 May 2021 06.59 EDT Burberry predicted it would take several years for long-haul travel to recover from the coronavirus pandemic, with the absence of wealthy tourists a severe blow to its UK shops. In normal […]
Read more