Customers and dealers should order parts as they normally would or order online, and in a normal quantity, and Mack Parts Distribution Centers will continue to fulfill orders on a typical schedule. ...
Kraft Heinz will extend for two weeks a $100 per week stipend for factory workers producing its packaged foods during the COVID-19 pandemic, the company said on Wednesday. "Kraft Heinz has made the decision to extend the $100 per week stipend for another two weeks and we will continue to evaluate this special compensation program as the situation evolves," a spokesman for the U.S.-based maker of Heinz ketchup and Kraft Macaroni & Cheese said in an emailed statement....
(Bloomberg) -- Sycamore Partners moved to terminate its purchase of a controlling stake in lingerie brand Victoria’s Secret from L Brands Inc., saying the retailer can’t blame the coronavirus outbreak for violating terms of the agreement.The private equity firm said moves such as failing to pay rent and furloughing thousands of workers amid widespread retail disruption sparked by the outbreak have reduced the company’s value. “That these actions were taken as a result of or in response to the Covid-19 pandemic is no defense,” according to the complaint in the Delaware Chancery Court.If the deal is canceled, it will be the highest-profile transaction yet to fall victim to impact from the coronavirus pandemic.Shares of L Brands, which labeled the move an “invalid” attempt to terminate the deal, fell as much as 27% in New York trading to as low as $8.80. Sycamore had agreed in February to buy 55% of the...
Chipotle is re-thinking how the inside of its restaurants work as it looks toward reopening for dine-in service after state quarantines lift for the coronavirus....
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
