Category: Business

Kohl’s Can’t Find Relief From Investor Pressure

Kohl’s Can’t Find Relief From Investor Pressure

Since taking the helm of Kohl’s Corp. KSS -2.60% in May 2018, Chief Executive Michelle Gass has forged partnerships with Amazon.com Inc. and Sephora, brought in new brands and beefed up its loyalty program. Yet, the retailer’s stock is worth less today than it was two decades ago.On Friday, a group backed by activist hedge fund Starboard Value LP offered roughly $9 billion to buy the department store chain, The Wall Street Journal reported, following a renewed push by a different activist to shake up its board and consider a sale. Kohl’s declined to...

Protesters March in Washington Against Covid-19 Vaccine Mandates

Protesters March in Washington Against Covid-19 Vaccine Mandates

Protesters rallied in the nation’s capital Sunday against government mandates for Covid-19 vaccinations, a sign of the challenges for public-health officials looking for ways to persuade more Americans to get the shots.Protesters marched along the National Mall and gathered in front of the Lincoln Memorial, despite cold temperatures Sunday morning. The organizers said they would be protesting mandates, not vaccines themselves. “Since the vaccines do not stop people from getting sick, why should we impose them as a requirement to keep one’s job or to enjoy the freedoms that we have always enjoyed such...

In Hospital Strained by Omicron, Weary Nurses Treat Too Many Patients

In Hospital Strained by Omicron, Weary Nurses Treat Too Many Patients

Houston Methodist Hospital, inundated with patients from the pandemic’s latest surge, had too few nurses one recent morning to open all its beds.Six nurses had been recruited away by staffing firms days earlier. Dozens more were out sick with Covid-19. Those still left were working extra hours to help the hospital accommodate a daily crush of new, very sick patients. “I’m not running the same size hospital today that I did two months ago,” said Roberta Schwartz, head of incident command at the hospital. In the emergency room, three dozen patients waited for beds,...

Activist Investor Nelson Peltz Buys Stake in Unilever

Activist Investor Nelson Peltz Buys Stake in Unilever

LONDON—Trian Fund Management LP, the activist hedge fund run by Nelson Peltz, has acquired a stake in Unilever UL -0.18% PLC, according to people familiar with the matter, adding pressure to the packaged food and consumer goods giant in the wake of its failed $68-billion bid for GlaxoSmithKline GSK 0.49% PLC’s consumer health business. The size of the stake couldn’t be learned. Trian started buying Unilever shares well before its bids for the GSK unit surfaced earlier this month, one of the people said. Unilever’s shares have been under pressure in recent months as it...

U.S. Food Supply Is Under Pressure, From Plants to Store Shelves

U.S. Food Supply Is Under Pressure, From Plants to Store Shelves

The U.S. food system is under renewed strain as Covid-19’s Omicron variant stretches workforces from processing plants to grocery stores, leaving gaps on supermarket shelves.In Arizona, one in 10 processing plant and distribution workers at a major produce company were recently out sick. In Massachusetts, employee illnesses have slowed the flow of fish to supermarkets and restaurants. A grocery chain in the U.S. Southeast had to hire temporary workers after roughly one-third of employees at its distribution centers fell ill. Food-industry executives and analysts warn that the situation could persist for weeks or months,...

How to Avoid Unwanted Photos on Social Media

How to Avoid Unwanted Photos on Social Media

Thanks to smartphones, everyone has a camera in their pocket. With people documenting everything from gatherings to their beauty routines, nearly every social occasion—even ones that should stay private—tends to end up online. Eventually, your image is bound to show up in some posts you don’t like.Before you stress, consider your options: You can untag yourself, ask the person to delete the photo or video, or report the post if it breaks the platform’s rules. In extreme cases, you may have grounds for a lawsuit. Here’s what you should know. It’s probably legal. In...

Winter Olympics Sponsors Caught Between Beijing, U.S.

Winter Olympics Sponsors Caught Between Beijing, U.S.

With less than two weeks to go before the start of the Winter Games in Beijing, several Olympics sponsors are skipping what is usually an Olympics-themed advertising blitz.In 2018, Visa Inc. V -3.93% revved up its Olympic marketing campaign months before the Winter Olympics in Pyeongchang, South Korea. It marked the 100-day countdown to the torch lighting on Twitter. It highlighted its Team Visa athletes, and it promoted wearable payment devices used at the event. This time around, the credit-card giant and longtime Olympic sponsor hasn’t tweeted about its sponsorship of the event or...

States Are Swimming in Cash Thanks to Booming Tax Revenue and Federal Aid

States Are Swimming in Cash Thanks to Booming Tax Revenue and Federal Aid

Numerous states are proposing tax rebates and bonuses for public workers as the fiscal doldrums of early 2021 give way to fat times fueled by booming markets, growing incomes and federal aid.State revenues between April and November increased 24% from 2020 to 2021, according to a survey conducted by the Urban Institute think tank. Thirty-two states said revenue collections for fiscal years ending in 2022 were ahead of projections, according to the National Association of State Budget Officers, including South Carolina, Minnesota and Washington. While spending is going up in some areas, including K-12...

Judge Blocks Biden Covid-19 Vaccine Mandate for Federal Workers

Judge Blocks Biden Covid-19 Vaccine Mandate for Federal Workers

A federal judge blocked the Biden administration’s Covid-19 vaccine requirement for federal employees, the latest legal setback for the president’s push to inoculate workers.U.S. District Judge Jeffrey V. Brown in Texas said President Biden didn’t have the broad, unilateral authority to mandate “that all federal employees consent to vaccination against Covid-19 or lose their jobs.” The judge’s ruling Friday said that the case wasn’t about whether people should be vaccinated. “It is instead about whether the President can, with the stroke of a pen and without the input of Congress, require millions of federal...

Cruise Lines Betting on Summer Rebound Face Obstacles From Omicron

Cruise Lines Betting on Summer Rebound Face Obstacles From Omicron

The cruise industry’s bet on a big summer rebound is looking less certain. Travel agents and industry executives say that while the season—which begins in April and runs to October—still looks strong, bookings have slowed since late last year. Some cruise lines have canceled or pushed back sailings as a result of the Omicron variant. While cruise companies remain bullish about their prospects, the developments are the latest wrinkle for an industry that nearly two years after the start of the Covid-19 pandemic is working to recover from a mountain of debt and significant...

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