Bed Bath & Beyond will live to see another day — at least for now. The beleaguered home goods retailer is expecting to receive more than $1 billion in equity from a Hail Mary stock offering it hopes…
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Business
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A former senior vice president of Wells Fargo has filed a lawsuit alleging she was raped by a colleague, and is accusing three other co-workers of enabling the assault. And when she raised the incident…
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Bed Bath & Beyond said it plans to close another 150 stores as it continues to reorganize its finances. The planned closures, announced in a regulatory filing Monday, come as the company also said it…
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Chick-fil-A will test its first plant-based entree: a cauliflower sandwich. The new sandwich closely resembles its famous chicken sandwich, but uses breaded and pressure-cooked cauliflower in place of meat. Starting Monday, the privately owned chain,…
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Yahoo will lay off more than 20% of its workforce by the end of 2023, eliminating 1,000 positions this week alone, the company said in a statement Thursday. Private equity firm Apollo Global Management acquired 90% of Yahoo…
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Business
Baby killed and another injured in strollers sold by major retailers, consumer safety agency says
A baby was killed and another was injured after they became entrapped in a popular Baby Trend stroller that’s sold at retailers like Amazon, Walmart and Buybuy Baby, the Consumer Product Safety Commission announced Thursday. The safety group and…
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Business
Colgate-Palmolive recalls 4.9 million units of Fabuloso multipurpose cleaner citing risk of exposure to bacteria
Consumer household goods giant Colgate-Palmolive is recalling approximately 4.9 million units of Fabuloso multipurpose cleaner because the products may expose consumers to a harmful bacteria. According to a Wednesday notice on the Consumer Product Safety…
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Business
Netflix confirms it will start charging users to share an account with others outside their home
Attention Netflix password sharers: Your days of giving free access to your account to someone outside your home are numbered. The streaming platform announced Wednesday it would begin charging subscribers in a handful of countries…
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Bed Bath & Beyond said it plans to close another 150 stores as it continues to reorganize its finances. The planned closures, announced in a regulatory filing Monday, come as the company also said it…
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Disney said Wednesday it is planning to reorganize into three segments. The media and entertainment giant said it would now be made up of three divisions: Disney Entertainment, which includes most of its streaming and…