Business

Best Buy finance chief Matt Bilunas to step down

Monday, June 22 by SRN News

June 22 (Reuters) - Electronics retailer Best Buy said on Monday its chief financial officer Matt Bilunas will step down from the post, effective July 31. • Bilunas joined the company in 2006 and became CFO in 2019. • The company named Jason Bonfig as CEO... Read More.

Domino’s Pizza names insider Joe Jordan CEO

Monday, June 22 by SRN News

June 22 (Reuters) - Domino's Pizza on Monday named Chief Operating Officer Joe Jordan as CEO, counting on his extensive experience with the company to lead it through an uncertain economic environment where consumers are keeping a tight watch on their spending. Jordan, 53, has... Read More.

Fed’s Goolsbee says labor market stable, inflation going the wrong way

Monday, June 22 by SRN News

By Ann Saphir June 22 (Reuters) - Chicago Federal Reserve President Austan Goolsbee said on Monday that with the labor market stable, he is focused on figuring out whether too-high inflation will stay that way or if it will recede as the effect of high... Read More.

BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices

Monday, June 22 by SRN News

By Jonathan Stempel June 22 (Reuters) - Gas station operators including BP, Circle K, Marathon Petroleum, 7-Eleven, Walmart and Albertsons were sued on Monday by California drivers who accused them of using artificial intelligence to boost prices at the pump. According to a proposed class action,... Read More.

Solar manufacturing group seeks US trade probe of Korea cell imports

Monday, June 22 by SRN News

June 22 (Reuters) - Three solar panel makers asked U.S. trade officials to investigate cell imports from South Korea, saying producers including Hanwha's Qcells are using them to evade longstanding U.S. tariffs on Chinese products, according to a petition seen by Reuters. The petition was... Read More.

Apollo’s $26 billion private credit fund imposes 5% cap on requests to pull 17%

Monday, June 22 by SRN News

By Isla Binnie and Pragyan Kalita NEW YORK, June 22 (Reuters) - Apollo Global's $26 billion private credit fund, Apollo Debt Solutions (ADS), said on Monday it was curbing redemptions at 5% of its shares after investors sought to withdraw approximately 16.8% of... Read More.

What to know about a cold storage warehouse fire in Los Angeles

Monday, June 22 by SRN News

Los Angeles firefighters are on their sixth day of battling a fire at a massive warehouse near downtown that stores frozen food. Smoke has billowed from the warehouse, which was covered in solar panels and insulated like a freezer, filling the air surrounding the roughly... Read More.

Senate is set to pass a bipartisan housing bill aimed at increasing supply and lowering prices

Monday, June 22 by SRN News

WASHINGTON (AP) - The Senate is set to pass a bipartisan housing bill on Monday that aims to bring down prices and increase supply in one of the most sweeping efforts in recent decades to reduce federal regulations and increase local control. The bill has... Read More.

Porsche CEO confirms forecast despite persistent challenges, speech text shows

Monday, June 22 by SRN News

BERLIN, June 22 (Reuters) - Porsche still expects its operating margin to recover to between 5.5% and 7.5% this year, despite persistent challenges in key markets, the 911 sports car maker's CEO said in a speech, whose text was published online on Monday. "In the... Read More.

Canada’s Unifor union begins Detroit Three negotiations with Ford

Monday, June 22 by SRN News

By Nora Eckert DETROIT, June 22 (Reuters) - Canadian auto union Unifor began negotiations with Ford Motor on Monday, commencing talks on new contracts with the so-called Detroit Three of Ford, General Motors and Stellantis to try to improve pay, job security and benefits for... Read More.

Current Weather

Best Buy finance chief Matt Bilunas to step down

Domino’s Pizza names insider Joe Jordan CEO

Fed’s Goolsbee says labor market stable, inflation going the wrong way

BP, Marathon, 7-Eleven, Walmart sued for allegedly using AI to boost California gas prices

Apollo’s $26 billion private credit fund imposes 5% cap on requests to pull 17%

What to know about a cold storage warehouse fire in Los Angeles

Senate is set to pass a bipartisan housing bill aimed at increasing supply and lowering prices

Porsche CEO confirms forecast despite persistent challenges, speech text shows

Canada’s Unifor union begins Detroit Three negotiations with Ford

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