Tag: Corporate news
Maryland business owner pleads guilty to tax evasion
BALTIMORE — The owner of a Maryland physical therapy business is facing up to five years in prison after pleading guilty to not paying...
Jessica Alba’s Honest Co. soars 44% in stock market debut
NEW YORK — Shares of Honest Co., the diaper and baby-wipe seller founded by actress Jessica Alba, soared 44% in their stock market debut...
Gap to sell Intermix clothing chain to private equity firm.
<p>NEW YORK — Gap Inc. has signed a deal to sell the upscale clothing chain Intermix to private equity firm Altamont Capital Partners. </p>
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How companies rip off poor employees — and get away with it
Already battered by long shifts and high infection rates, essential workers struggling through the pandemic face another hazard of hard times: employers who steal...
Pfizer ups expectations for the year
Pfizer is raising its revenue expectations for the year with a huge roll out of its COVID-19 vaccine as well as strong performances from...
Food of the future? EU nations put mealworms on the menu
BRUSSELS — Dried yellow mealworms could soon be hitting supermarket shelves and restaurants across Europe.
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Ferrari 1Q profits rebound, postpones 2022 targets
MILAN — Italian luxury sportscar maker Ferrari announced Tuesday that it won’t hit 2022 financial targets due to the impact of the coronavirus pandemic,...
Hyundai recalls over 390K vehicles for possible engine fires
DETROIT — Hyundai is recalling more than 390,000 vehicles in the U.S. and Canada for two problems that can cause engine fires. In one...
Chicago Auto Show to return in July after coronavirus hiatus
CHICAGO — Standing in the massive convention center that was turned into a COVID-19 field hospital almost a year ago, Chicago's mayor and the...
Oil pipeline builder agrees to halt eminent domain lawsuits
MEMPHIS, Tenn. — A company seeking to build a disputed oil pipeline over an aquifer that provides drinking water to 1 million people agreed...