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Shake Shack Shutters 9 Stores Due to Low Performance, Market Changes

Shake Shack is closing nine underperforming locations due to market changes and overlapping store areas, following a portfolio review and SEC filing.

Ford CEO Cites Diverse Beliefs as Company Ends LGBTQ Survey Involvement

Ford Motor Co. has decided to stop participating in an annual LGBTQ advocacy survey and will no longer use diversity quotas for minority dealerships and suppliers.

FDA Approves New Pfizer and Moderna mRNA Vaccines to Combat Latest COVID-19 Variants

The FDA has approved updated mRNA vaccines from Pfizer and Moderna designed to target the KP.2 strain of COVID-19, with new eligibility and availability details amid a summer surge in cases.

Temu Founder Colin Huang Falls from Top Spot as China’s Richest After $21 Billion Loss

Colin Huang, founder of Temu, has lost his title as China’s richest person after a $21 billion drop in net worth, now ranking fourth in the country’s wealth list.

Waymo Expands Fleet with $5 Billion Alphabet Investment, More Driverless Cars on Valley Roads

Alphabet’s $5 billion investment will significantly expand Waymo’s fleet of driverless cars and increase their presence on Valley roads.

Kroger Executive Admits Company Raised Milk and Egg Prices Beyond Inflation Needs

Kroger's top pricing executive testified in court that the company raised milk and egg prices more than necessary to account for inflation, as revealed in a March 2024 email.

Sheetz Opens Doors to First Michigan Store, Early Birds Wait for Hours

Eager customers lined up for hours early Tuesday morning of August 27 to witness the opening of Sheetz's first 24/7 convenience store in Michigan.

Toyota, BMW Set to Expand Fuel Cell Vehicle Partnership, Announcement Expected September 5

Toyota and BMW are set to enhance their collaboration in the fuel cell vehicle sector, with a memorandum of understanding to be signed next week and a formal announcement on September 5.

Lowe’s Faces Backlash Over DEI Efforts, Adjusts Policies Amid Activist Pressure

Lowe’s is scaling back its diversity, equity, and inclusion (DEI) efforts, including ending participation in LGBTQ advocacy surveys and consolidating employee resource groups, following pressure from conservative activist Robby Starbuck.

Qantas Mistakenly Discounts First-Class Flights by 85%, Rebooks Customers to Business Class

Qantas mistakenly sold 300 first-class tickets at an 85% discount due to a booking system error but will rebook affected customers in business class at no extra cost.

AT&T Hit with $950,000 Penalty for 911 Service Disruptions During Testing

AT&T has agreed to pay a $950,000 fine and implement a three-year compliance plan after an FCC investigation found the company failed to deliver 911 calls and notify emergency officials during a 2023 outage affecting four states.

Red Lobster to Close 23 More Restaurants as Bankruptcy Process Continues

Red Lobster is closing 23 more restaurants by the end of August as part of its bankruptcy proceedings and preparation for acquisition, following over 100 closures earlier this summer.

Dairy Company Milkio Foods Penalized $420,000 for Misrepresentation of Product Origin

Hamilton dairy company Milkio Foods has been fined $420,000 for falsely claiming their ghee products were made from New Zealand dairy, despite using imported butter and misleadingly using the FernMark logo.

Telegram Cofounder Pavel Durov Arrested Near Paris Over App Misuse Allegations

Telegram cofounder Pavel Durov was arrested near Paris after arriving from Azerbaijan, following a French search warrant related to allegations of his app being used for drug trafficking, money laundering, and distributing child abuse material.

Daiso Brings Japanese Variety Store Experience to Tucson This Weekend

Daiso is set to open its first Tucson store at Ventana Village on August 31, with an expected 300 shoppers attending the grand opening event.

Walmart Recalls Nearly 10,000 Cases of Apple Juice Over Arsenic Concerns

Walmart has recalled nearly 10,000 cases of Great Value apple juice due to potentially harmful levels of inorganic arsenic, following an urgent warning from the FDA.

Kroger, Albertsons Face Off Against FTC in Court Over Historic Grocery Merger

Kroger and Albertsons are in court to defend their proposed merger against the FTC, which argues that the deal would harm competition and increase grocery prices.

Meta Blocks Iranian WhatsApp Accounts Targeting US Officials, Public Figures

Meta has blocked a group of fraudulent WhatsApp accounts linked to the Iranian hacking group APT42, which was targeting US officials, political figures, and individuals in multiple countries, including Israel and the UK, ahead of the November election.

Diamond Sports Group's Bankruptcy Case Delayed as It Secures TV Broadcasts for 22 NBA and NHL Teams