Day: March 27, 2018

Tess Torelli March 27, 2018

Southeastern Grocers, the Florida-based operator of supermarket chains Winn-Dixie and Bi-Lo, said on Tuesday it filed for Chapter 11 bankruptcy protection to restructure debt. The company listed assets in the range of $1 billion to $10 billion and liabilities in the range of $1 billion to $10 billion, the Delaware bankruptcy court filing showed. The […]

Tess Torelli March 27, 2018

Jim Young | AFP | Getty Images Apple’s Greg Joswiak speaks at Lane Tech College Prep High School in Chicago, Illinois on March 27, 2018. Apple hosted the Tuesday launch event at Chicago’s Lane Tech College Prep High School. At the event, CEO Tim Cook emphasized the company’s investments in community colleges, as well as […]

Tess Torelli March 27, 2018

Jason Lee | Reuters A man visits Qualcomm’s booth at the Global Mobile Internet Conference 2017 in Beijing, China April 28, 2017. The Trump administration reportedly is contemplating using an existing law related to national emergencies to restrict Chinese investment in sensitive technologies. The news comes on the heels of President Donald Trump’s decision to […]

Tess Torelli March 27, 2018

H&M on Tuesday warned of further prices cuts to shift unsold clothes after the Swedish fashion retailer reported a 61 percent dive in first-quarter profit that knocked its shares lower. The world’s second-largest clothes retailer said it would be forced into more discounting after seeing a bigger-than-expected 7 percent increase in inventories. H&M shares were […]

Tess Torelli March 27, 2018

Elon Musk posted a video on Twitter of a Tesla Model X pulling what he says is a 250,000-pound load. No real surface is perfect, but it did pull about 250,000 lbs of muck rail cars out of a tunnel The tweet was in response to a question about the limit a Tesla can drag. […]

Tess Torelli March 27, 2018

Kevin Lamarque | Reuters President Donald Trump talks with a U.S. Customs and Border Protection (CBP) Border Patrol Agent while participating in a tour of U.S.-Mexico border wall prototypes near the Otay Mesa Port of Entry in San Diego, California, March 13, 2018. President Donald Trump has privately said his proposed wall on the U.S.-Mexico […]

Tess Torelli March 27, 2018

Francois Lenoir | Reuters Britain’s Prime Minister Theresa May arrives at a European Union leaders summit in Brussels, Belgium, March 22, 2018. British Prime Minister Theresa May said she hoped Facebook Chief Executive Mark Zuckerberg understood why people were concerned about alleged leaks of personal data, but it was up to him to decide whether […]