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Tag: cites

FTC sues to block $25B Kroger-Albertsons deal, cites fears of grocery price hikes

The Federal Trade Commission and eight states announced Monday that they are suing to block supermarket chain Kroger’s $24.6 billion deal to buy smaller rival Albertsons, a deal that could cost millions of people more. They argued that it would push up food prices for Americans. The deal would create a grocery empire with more […]

Remington CEO Cites ‘Legislative Environment’ as Company Exits New York

Remington is leaving New York, and CEO Ken Darcy said the direction of the bill in the Empire State is cause for concern. Associated Press (AP) I got it. Darcy said he used the news release to suggest that New York’s “legal environment” has implications for the firearms industry as a whole. The pending closure […]

LIV Golf defector cites Ryder Cup snub as primary reason for ditching PGA Tour

Adrian Melonk won the Seve Ballesteros Award for his outstanding play on the 2022-23 DP World Tour, but captain Luke Donald passed on him being selected for Europe’s Ryder Cup squad. Understandably, Melonk was devastated and decided to join LIV Golf in January 2024. “I don’t know, but if I had played in the Ryder […]

Emirates exec cites Boeing’s ‘progressive decline’ in manufacturing

The former CEO of American Airlines believes Boeing can improve its poor safety culture and regain trust. president of UAE-based airline Emirates warns that Boeing’s manufacturing processes are slowing down and the company needs to course-correct following the loss of a 737 Max 9’s door plug panel and subsequent grounding of the plane for inspection. […]

Fani Willis cites ‘confidentiality,’ won’t give House records on Trump case

WASHINGTON — A Georgia district attorney accused of having an affair with a lawyer he hired to prosecute former President Donald Trump told Congress on Friday on behalf of his alleged lover, saying, “In order to maintain confidentiality, I have not been involved in the case.'' “We are unable to hand over any relevant documents.” […]

Google cites ‘durable cost savings’ as 2024 goal amid layoffs

Google President Sundar Pichai says “sustained cost reductions” are among the tech giant's key goals for 2024, even as the company surprises some employees with new layoffs. listed. This month, Google has already confirmed layoffs in multiple regions of its empire. These include hundreds of layoffs in advertising sales teams, core engineering teams, Pixel, Nest, […]