Bottom Line: Victoria’s Secret flirts with tax reform
Tax Victoria’s Secret Hired Barnes & Thornburg LLP It lobbies on tax reform issues, “including international and domestic tax systems.” One of the account’s lobbyists is John T. “Jack” O’Rourke, a longtime lawyer who served as a professional staff member for the House Banking Committee and the Securities Industry Association in the 1980s. finance CitadelA […]
KFC, Pizza Hut sales slump as sticky inflation hampers parent Yum’s bottom line
Yum! Brands, the parent company of KFC and Pizza Hut, reported a larger-than-expected drop in same-store sales in the second quarter as high inflation led lower-income Americans to spend less on eating out. U.S. same-store sales for its Yum Fried Chicken (KFC) division fell 5% in the second quarter, down from a 7% decline in […]
Drug companies confident Medicare price deals won't hit bottom lines
Pharmaceutical company chief executives who are suing to block the Biden administration’s Medicare price negotiation law have told shareholders and analysts that the final price proposals will not have a significant impact on their companies’ profits. Comments from executives at companies including Pfizer, Bristol-Myers Squibb, Johnson & Johnson and AbbVie suggest the price cuts may […]
Bottom Line: Publishers push back on proposal automatic textbook billing change
education of Association of American Publishers Hired Group DC Monitor issues with the Inclusive Access Program, which allows colleges to automatically charge students for textbooks and supplies. The Department of Education proposed changes in January that would mean colleges could not automatically charge students and students would have to opt in to participate in the […]
‘I Want To Win’: Steph Curry Hints That He Could Possibly Leave Warriors If They Become ‘Bottom Feeder’
For years now, superstar Steph Curry has been known for being loyal to the Golden State Warriors, but you know what they say: “All good things must come to an end.” Throughout his career, Curry has stated over and over again that he wants to be a Warrior until he retires, and in a Andscape […]
Tesla’s quarterly results miss estimates after price cuts hit bottom line
Constellation Research founder R Ray Wang analyzes Tesla and Google at Varney & Co. Tesla Inc. on Tuesday reported second-quarter profit margins that fell short of analysts’ expectations as the company ramps up efforts in self-driving technology while price cuts and incentives to stimulate sluggish demand continued to weigh on profits. Tesla’s second-quarter auto gross […]
Bottom Line: Confectioners lobby up for sugar program showdown
sugar National Confectioners Association Hired Nevada Lobby for changes to sugar policy, one of the food and agriculture issues in the Farm Bill. The confectionery industry has been pushing for reform of sugar policy, which maintains a minimum sugar price and limits imports. They say profit A few wealthy sugar producers benefit at the expense […]
Man rescued from bottom of 40-foot pipe says he has no idea how he got there
A man rescued from the bottom of a narrow, 40-foot pipe in Portland, Oregon, said he had no idea why he’d been trapped there for hours, authorities said. Portland Fire Rescue responded to a call of a person trapped in a hole after people in a nearby building heard a man screaming for help. KPTV […]
Bottom Line: Former BLM director signs up to lobby for wetlands defense
environment Cassidy & Associates Registered Lobbying on issues related to the Okefenokee SwampSouthern Environmental Law CenterThe swamp spans 438,000 acres across the Florida-Georgia border, much of which is protected by the Okefenokee National Wildlife Refuge and the Okefenokee Wilderness, but the Southern Environmental Law Center Push back A mining company is looking to mine 8,000 […]
AutoNation says CDK outage will hurt its second quarter bottom line
Ryan Payne, President of Payne Capital Management, appeared on “Mornings with Maria” to explain the latest data on the auto industry. AutoNation said Monday that CDK Global’s recent widespread software outage will have a negative impact on its second-quarter bottom line. The car dealership said the June outage at its auto dealer software provider will […]