Oil prices rise after Iran seizes oil tanker
The incident raises prospects of growing conflict in the Middle East, which could impact UK fuel prices.
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Kern County is poised to become warehousing’s next frontier
Season upon season, watermelons, carrots and corn have sprouted from Daniel Rudnick’s 255-acre farm along Interstate 5 in Buttonwillow, Calif. Now, the ground lies unplanted. In the next year, it will be cleared and graded to build a 4-million-square-foot warehouse complex. “Our plan all along was that we were going to leverage the value of…
IRS rejects more than 20,000 refund claims for pandemic-related tax credit
IRS Commissioner Daniel Werfel speaks during an IRS event on August 2, 2023 in McLean, Virginia. Alex Wong | Getty Images The IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed a pandemic-era tax break as the agency continues its crackdown on “dubious” filings. Created to support small businesses during the…
The Messenger is counting on a sudden and dramatic advertising turnaround to survive
Screenshot of the TheMessenger website. Source: TheMessenger The Messenger, the struggling news media startup co-founded by publishing veteran Jimmy Finkelstein, is urging potential investors to make a long-shot bet on a dramatic rebound in advertising this year. The company is attempting to stop the cash burn that has put it in jeopardy. CNBC has obtained…
JetBlue CEO to Step Down as Airline Awaits Judge’s Ruling on Spirit Airlines Merger
Updated Jan. 8, 2024 6:05 pm ET Robin Hayes will step down as CEO of JetBlue Airways after about nine years at the helm, citing a doctor’s advice, as the company waits to find out whether a federal judge will block the merger with Spirit Airlines that he championed. Joanna Geraghty, 51 years old, a longtime…
JetBlue will have new CEO as it awaits ruling on merger with Spirit
Comment on this storyComment Add to your saved stories Save JetBlue CEO Robin Hayes will step down after nine years in the role, the company announced Monday, to be succeeded by current president and chief operating officer Joanna Geraghty — making her the only current female executive of a major U.S. airline. The reshuffle comes…
Companies Like Starbucks Just Found A New Way To Undermine Their Employees
Some new unions are facing an unforeseen hurdle as they try to bargain first contracts with big-name employers: getting sued for the names they’ve chosen. Starbucks is the latest company to file an intellectual property lawsuit against its employees’ union. The coffee chain claims that the group, Workers United, is “diluting” the Starbucks brand and…
