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Ex-DraftKings VP alleges company trying to ‘ruin’ him is part of pattern of disparagement

Former DraftKings Vice President of Growth Michael Hermaline filed a lawsuit Tuesday alleging that DraftKings provided confidential information to rival Fanatics, saying the allegations are part of the company’s pattern of disrespecting former employees. He said there is. “DraftKings, a large public company, has called its go-to playbook to the trash.” [me] in a blatant […]

Taco Bell, KFC parent company blames poor sales on Middle East conflict

The company, the parent company of multiple fast food brands including Taco Bell, KFC and Pizza Hut, said sales took a hit in the fourth quarter amid ongoing tensions in the Middle East. Yum Brands CEO David Gibbs said: during a call with an investor “Sales were impacted by conflicts in the Middle East, with […]

Ford considers axing car feature that could save company millions per year

FOX Business’ Jeff Flock reports from the Celebrity Ford dealership in Toms River, where electric F-150s aren’t zipping away fast enough. Ford Motor Co. is considering eliminating automatic parallel parking in its vehicles in 2024 as part of a cost-cutting initiative, but says few customers would use it anyway. Chief Operating Officer Kumar Galhotra said […]

Jim Jordan’s ‘Amazon Files’ Reveals Biden White House Pressure on Company to Censor Books

Rep. Jim Jordan (R-Ohio) posted on X/Twitter on Monday “never before publicized internal emails” that had been subpoenaed by House Judiciary Republicans and “Amazon Files.” It was named. He pressured Amazon to censor books that expressed views the White House disapproved of. ” “Internal documents subpoenaed by @JudiciaryGOP and @Weaponization show @amazon bowed to pressure […]

Ousted WeWork CEO Adam Neumann trying to buy company back

Joe Sitt, CEO of Thor Equities, spoke about what the sharp decline in commercial real estate means for Barney & Co.’s bank. WeWork co-founder Adam Neumann, who was ousted as CEO of the bankrupt co-working space provider four years ago, is trying to buy back the company through his new venture, Flow Global Holdings. It […]

WeWork’s ex-CEO Adam Neumann wants to buy company out of bankruptcy

WeWork’s billionaire and disgraced founder Adam Neumann has reportedly spent the past few months trying to buy back the bankrupt co-working giant after being ousted as CEO five years ago. . The letter was written by a team of lawyers led by Quinn Emanuel’s Alex Spiro, who also represents Elon Musk and Jay-Z, and was […]

Cosmetics company Estee Lauder to slash 3-5% of positions

UBS Financial Advisor Brenda O’Connor Juanas and Sitt Investment Associates Senior Vice President Bryce Doty preview the fourth quarter earnings report, discuss the Walmart stock grant and discuss the economic outlook. Cosmetics company Estée Lauder announced on Monday that it will cut up to 5% of its workforce worldwide as part of a restructuring plan. […]