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C&S Wholesale Grocers was founded by Israel Cohen and Abraham Siegel in 1918 in Worcester, Massachusetts. It is the largest wholesale grocery company in the United States.
Kroger and Albertsons sell 400 stores to Piggly Wiggly parent company C&S Wholesale Grocers
https://www.cnn.com/2023/09/08/busin...d-s/index.html
"I'm not going to get rid of lies and hate speech and you can't make me! Neener neener neener!"
Elon Musk's X sues California over a law it claims is aimed at eliminating 'problematic' content
https://www.businessinsider.com/elon...parency-2023-9
The Hostess brand was introduced in 1921 by Taggart Baking Company in Indianapolis. Hostess was owned by Interstate Bakeries Corporation from 1930 until November 2012 when the company filed for Chapter 11 bankruptcy. Apollo Global Management and C. Dean Metropoulos & Company acquired the Hostess name and assets in 2013. Hostess Brands makes Twinkies, HoHos, Zingers, Sno Balls, CupCakes, Donettes and Ding Dongs and owns Dolly Madison and Voortmans Cookies. Shares of Hostess closed today at 33.49, a gain of 5.38 (19.14%).
J.M. Smucker is buying Twinkies maker Hostess for $5.6 billion
https://www.cnn.com/2023/09/11/busin...ase/index.html
We will still be able to get free refills. We'll just have to ask. Shares of McDonald's closed today at 279.76, a gain of 0.54 (0.19%).
Say goodbye to self-serve soft drinks at McDonald's
McDonald's owner-operators say food safety and theft prevention contributed to the move to eliminate self-serve soda fountains in US dining rooms.
https://www.businessinsider.com/mcdo...untains-2023-9
William Keith Kellogg founded the Battle Creek Toasted Corn Flake Company in 1906 in Battle Creek, Michigan. The cereal manufacturer was renamed Kellogg Toasted Corn Flake Company in 1909 and became the Kellogg Company in 1922. Among the company's many brands are Eggo, Pringles, Cheez-It, Pop-Tarts and Morningstar Farms. Shares of Kellogg closed today at 59.85, a gain of 0.43 (0.72%).
Kellogg Company splits into Kellanova and WK Kellogg Co.
USA TODAY, Sep 11 2023 7:50 PM ET
Kellogg Company is splitting into two independently traded companies, spinning off their global snacking business into Kellanova and North American cereal brand into WK Kellogg Co. The company unveiled the new names in March 2023. Today the company's board of directors approved the plan to separate. The separation is effective October 2. While the new companies will have different logos, they will still maintain the recognizable red color text with iconic "K."
https://www.usatoday.com/story/money...o/70827220007/
Sebastian Sering Kresge opened the first S.S. Kresge five-and-dime store in 1899 in Memphis. At the time of his death in 1966 at age 99, there were 930 Kresge stores in the United States and Canada. In 1962 the company opened the first Kmart in Garden City. Michigan. Kmart, at its peak in 1994, operated 2,486 stores. The last remaining Kresge store (in Hamilton, Ontario) closed in 1994. In 2023, there are only eight Kmarts still in business – and one of those will close at the end of this month.
Iconic retailer Kmart survived bankruptcy but nears its sad end
https://www.albanyherald.com/arena/t...2143fc8eb.html
Nexstar owns 197 television stations, Antenna TV, Rewind TV, NewsNation and WGN in Chicago and owns 75% of The CW and 31% of Food Network. Shares of Nexstar closed today at 157.85, a gain of 8.24 (5.51%). Shares of Disney closed at 84.48, a gain of 1.00 (1.2%).
Disney holds initial talks on sale of ABC to Nexstar Media Group
https://www.bloomberg.com/news/artic...abc-to-nexstar
On average, United States autoworkers earn $28 an hour. They're demanding more, plus annual cost-of-living adjustments, larger pensions and an end to the two-tiered pay system. In 2022, Ford CEO Jim Farley earned $21 million in total compensation, General Motors CEO Mary Barras earned $29 million and Stellantis CEO Carlos Tavares made $24.8 million.
United Auto Workers go on strike against Ford, GM, Stellantis
Thousands of employees at plants in Michigan, Missouri and Ohio launched a historic work stoppage against Detroit's Big Three automakers.
https://www.cbsnews.com/news/united-...tis-big-three/
ByteDance, a Beijing internet technology company, launched the short-form video sharing platforms Douyin in September 2016 and TikTok in September 2017. TikTok now has1.7 billion monthly active users and is expected to reach two billion by the end of 2024.
TikTok slapped with a $368 million fine in Europe for failing to protect children's privacy
https://www.businessinsider.com/tikt...privacy-2023-9
Crude oil futures reached $95.96 a barrel yesterday, the highest price since November 2022.
Oil prices could rise to $120 a barrel on further supply cuts and that would bring economic growth to a halt next quarter, JPMorgan says
https://markets.businessinsider.com/...ts-opec-2023-9
General Motors, Ford and Stellantis have lost an estimated $1.6 billion since the UAW strikes began. Shares of GM closed today at 32.58, a drop of 0.13 (0.4%). Shares of Ford closed at 12.43, a gain of 0.23 (1.89%).Shares of Stellantis closed at 19.35, a gain of 0.02 (0.1%).
Auto workers are expanding their strike to 38 locations in 20 states, targeting Stellantis and GM
Ford was spared additional strikes because the company has met some of the union’s demands.
https://www.aol.com/news/targeted-au...115028424.html
Alexander Grass opened the first Thrift D Discount Center in Scranton, Pennsylvania in 1962. The chain quickly expanded and was renamed Rite Aid in 1968. There are now 2,150 Rite Aid stores. The majority are in California, Oregon, Washington, Michigan, Pennsylvania, Ohio, Virginia, New York, New Jersey and New Hampshire. Shares of Rite Aid are now 0.59, just one cent above their low for the year.
Struggling Rite Aid proposes closing up to 500 stores under bankruptcy plan
https://nypost.com/2023/09/22/strugg...y-plan-report/
Noble House was founded in 1992 in Chatsworth, California. Among their furniture brands are Christopher Knight Home, LePouf and OkiOki. Their furniture is sold at Walmart, Costco, Target, Amazon, Wayfair, Ross, Macy's, The Home Depot and other retailers.
Noble House Home Furnishings falls into bankruptcy, owes overseas suppliers millions
https://www.retaildive.com/news/nobl...pplier/694522/
Jeff Bezos founded Amazon in 1994 in Bellevue, Washington. His net worth is now $165,000,000. Shares of Amazon closed today at 125.88, a drop of 5.39 (4.11%).
Amazon sued by Federal Trade Commission, 17 states for allegedly inflating prices, overcharging sellers
https://www.huffpost.com/entry/amazo...b06d540f5ed579
Costco was founded in 1983 in Seattle and now sells one-ounce gold bars. (Amazon also sells gold, but only in weights of one gram and 2.5 grams.) Shares of Costco closed today at 563.53, a gain of 10.57 (1.91%).
Costco says its 1-ounce gold bars are real and have been selling out in hours
https://www.businessinsider.com/cost...galanti-2023-9
The first Toys Я Us opened in 1957 in Rockville, Maryland. The chain filed for Chapter 11 bankruptcy in 2017 and a year later began closing its stores. Toys Я Us returned in 2021 with a flagship store at the American Dream Mall in East Rutherford, New Jersey. There are now more than 400 Toys Я Us stores inside Macy's stores. The chain continues to expand.
Toys Я Us plans major comeback with 24 store openings nationwide
https://www.nj.com/business/2023/10/...ationwide.html
The United Auto Workers strike is now in its 28th day. Shares of Ford closed today at 12.00, a drop of 0.25 (2.04%).
Thousands of auto workers walk out at Ford's largest factory as UAW escalates strike
https://www.cbsnews.com/news/uaw-upd...t-strike-ford/
Activison was founded in 1979 in Sunnyvale, California and initially made video games for the Atari 2600. Activision Blizzard was formed in 2008 by the merger of Activision and Vivendi Games. Among the company's games are Diablo, Call Of Duty, Crash Bandicoot, World Of Warcraft and Heroes Of The Storm.
Microsoft acquires Activision Blizzard in $69-billion gaming deal
https://www.latimes.com/entertainmen...quisition-deal
Sales of DVDs and Blu-ray discs will bring in around $1.3 billion this year – but sales are declining. After Christmas, they will no longer be sold at Best Buy, leaving Walmart, Target and Amazon as the top retailers for DVD and Blu-ray discs.
Best Buy set to stop selling DVD and Blu-ray discs
https://www.cbsnews.com/news/best-bu...-stop-selling/
Rite Aid, founded in 1962, operates 2,150 stores. The majority are in California, Oregon, Washington, Michigan, Ohio, Pennsylvania, Virginia, New York, New Jersey and New Hampshire. Shares of Rite Aid reached a 2023 high of $4.11 in February and are now at 0.65.
Rite Aid files for bankruptcy amid slowing sales, mounting debt, opioid litigation
https://www.cnbc.com/2023/10/16/rite...itigation.html