Potential port strikes send ripple effects through supply chain, threaten inflation
Lydia Hu reports on “Mornings with Maria” about a possible port strike ahead of the holidays. The threat of port strikes on the East Coast and Gulf of Mexico is sending shockwaves through supply chains and raising concerns about rising inflation. “Goods shipped across the country will not only be delayed, but will also be […]
Blackstone to sell Motel 6 chain and its parent company for $525M
An India-based hotel management company is acquiring Motel 6, a leading American budget motel chain. Olabel Stays, the parent company of global travel technology company Oyo, has announced that it will acquire franchisor G6 Hospitality and its extended-stay brands Motel 6 and Studio 6 for $525 million to current owner Blackstone. Blackstone, the New York-based […]
Bears-Texans paused after chain gang member hits head, carted off
It was a scary day for chain gangs across the NFL. The third quarter of a Bears-Texans game on Sunday Night Football in Houston was stopped after a chain gang member tripped and hit his head hard on the ground. During a Bears-Texans game on Sept. 15, 2024, a chain gang member tripped and hit […]
NFL chain gang member collapses on sideline during Ravens-Raiders game
A scary situation unfolded at M&T Bank Stadium on Sunday afternoon as the Baltimore Ravens hosted the Las Vegas Raiders in Week 2 of the 2024 NFL season. The game was stopped with about 2 minutes, 36 seconds remaining in the first half. Video posted to social media showed a chain gang member collapse on […]
Actor Kevin Hart Closes All California Locations of His Vegan Fast-Food Chain
Hollywood A-lister Kevin Hart stunned customers in California by closing all of his vegan fast-food chain, Hart House, overnight, just four months after the state mandated a significant increase in the minimum wage for fast-food workers. The vegan restaurant chain, which was founded two years ago in Southern California, closed all four of its locations […]
Grocery Store Chain Aldi Raising Minimum Wage to $18 and $23 an Hour
Popular grocery store chain Aldi announced on September 4 that it will raise its minimum wage to $18 and $23 an hour as the company grows. Aldi's press release further stated that the company plans to hire more than 13,000 store and warehouse employees across the country as the holiday season approaches. open Additional stores. […]
Another Restaurant Chain Files Chapter 11 Bankruptcy
Anthony's Coal-Fired Pizza & Wings and BurgerFi International, which owns the eponymous chain, joined the growing list of embattled restaurant operators filing for bankruptcy protection on Wednesday. The Fort Lauderdale-based company's 67 corporate-owned locations have sought protection from creditors in U.S. Bankruptcy Court in Wilmington, Delaware, with assets of at least $50 million and liabilities […]
Kevin Hart’s LA plant-based fast food chain suddently closes all locations just two years after opening
Until it disappears from the green! Comedian and actor Kevin Hart's plant-based fast food chain, Hart House, has suddenly closed all of its locations just two years after opening. The “Jumanji” star's four Los Angeles-area stores officially closed on Tuesday and without warning, Hart House CEO Andy Hooper confirmed. Eater. Kevin Hart's plant-based fast food […]
BurgerFi restaurant chain files for Chapter 11 bankruptcy
The number of restaurant chains that have filed for bankruptcy this year has increased, with BurgerFi International Inc. filing for Chapter 11 bankruptcy protection on Wednesday. The company said it filed for Chapter 11 bankruptcy protection to preserve the value of its BurgerFi and Anthony's Coalfire Pizza & Wings brands “for all stakeholders.” The company […]
Bankrupt hospital chain paid private equity giant $700M dividend
The nation's largest private, for-profit hospital chain reportedly paid out $790 million in dividends before filing for bankruptcy a few years later, most of which went to Manhattan-based private equity owners. Steward Healthcare System, a Boston-based network of 30 hospitals that operates in rural and low-income areas, paid Cerberus Capital Management in 2016, the same […]