Tag: business news today

Tupperware shares tank as company warns it may go out of business

Shares in Tupperware have tumbled to their lowest level on record as the iconic food storage company warned investors that it is in danger of going out of business.

The company’s stock price fell by 50 per cent on Monday after the company said in a press release over the holiday weekend that it has hired financial advisors to explore options for the company and to “remediate its doubts regarding its ability to continue as a going concern .”

Shares in Tupperware had been on a downslope for years, as the company’s 77-year-old main business model of selling direct-to-consumers via

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WestJet closes deal to buy Sunwing Vacations and Sunwing Airlines – Business News

WestJet closes Sunwing deal

The Canadian Press – | Stories: 424375

The WestJet Group says it has closed its acquisition of Sunwing Vacations and Sunwing Airlines that was first announced in March last year.

The company says that, initially, the airlines will continue independent operations.

However, WestJet says the two airlines will move from being competitors to collaborators.

Stephen Hunter, formerly the CEO of Sunwing Vacations, has been appointed CEO of the WestJet Group’s vacations business. Hunter will be responsible for all tour operating and vacation package businesses at both

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What Does the End of the Public Health Emergency Mean?

The national Public Health Emergency (PHE) for COVID-19 ends on May 11, 2023.

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The end of the public health emergency brings a variety of changes to the healthcare system.

Most of the remaining federal COVID-19 vaccine requirements will end for federal workers, contractors and foreign air travelers.

The government is also lifting requirements for Head Start educators and healthcare workers.

Free COVID-19 vaccines and tests will no longer be provided

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Mon. Ron Johnson: Antony Blinken ‘lied boldface to Congress’ over contact with Hunter Biden

GOP Senator Ron Johnson joined “Sunday Morning Futures” to discuss the investigation into the Biden family business dealings and Secretary of State Antony Blinken’s alleged contact with Hunter, expressing his belief that Blinken ‘lied boldface’ to Congress – not just about his contact with Hunter Biden, but “so much more.”

BLINKEN AND WIFE EMAILED FREQUENTLY WITH HUNTER BIDEN, RAISING QUESTIONS ABOUT ROLE IN LAPTOP COVER STORY

pennies RON JOHNSON: … What’s interesting, Maria [Bartiromo]and here’s a little news for you. Antony Blinken finally did come in and sat down for a voluntary transcribed interview in December of 2020 because he

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Tupperware stock plummets after warning it may go out of business

Tupperware says it may go out of business


Tupperware may go out of business, the company warns

04:34

Tupperware is warning it may go out of business, just three years after the retro brand enjoyed a surprise surge from legions of pandemic shut-ins trying their hands at cooking.

The Orlando-based company said it had “substantial doubt about its ability to continue as a going concern” in a press release and filing securities.

Shares of the direct marketing company plunged 50% after the announcement late Friday. Tupperware’s stock was trading at about $1.28 a share Tuesday, down 70% since the start

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Twitter removes policy against dead naming transgender people – Business News

Twitter backtracks on policy

The Associated Press – | Story: 422092

Twitter has quietly removed a policy against the “targeted misgendering or dead naming of transgender individuals,” raising concerns that the Elon Musk-owned platform is becoming less safe for marginalized groups.

Twitter enacted the policy against deadnaming, or using a transgender person’s name before they transitioned, as well as purposefully using the wrong gender for someone as a form of harassment, in 2018.

On Monday, Twitter also said it would only put warning labels on some tweets that are “potentially”

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BuzzFeed will close news division

Pulitzer Prize winning digital media company BuzzFeed will shut down its news division and cut another 15 percent of its staff across the company, adding to layoffs made earlier this year.

BuzzFeed has approximately 1,200 total employees, according to a recent regulatory filing.

In a memo sent to staff, co-founder and CEO Jonah Peretti said that in addition to the news division, layoffs would take place in its business, content, tech and administrative teams. BuzzFeed is also considering making job cuts in international markets.

Peretti said in a memo to staff that he “made the decision to overinvest” in the

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Stocks trending up – Business News

Stocks closed higher again as more fear evaporated from Wall Street. The S&P 500 added 0.6% Thursday, its fifth gain in the last six days. The benchmark index is headed for a gain in March after struggling in earlier weeks on worries about whether the banking system was cracking under the weight of higher interest rates. Forceful actions by regulators worldwide have helped restore confidence. Also boosting stocks have been big batches that the Federal Reserve may cut rates

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