Tag: business news india

Angry Fox News chief said fact-checks of Trump’s election lies ‘bad for business’ | FoxNews

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The top executive at Fox News was furious one of the network’s reporters was fact-checking Donald Trump’s false claims about the 2020 election, writing in a December 2020 email that it was “bad for business”. Suzanne Scott, the chief executive of Fox News, was responding in early December 2020 to an on-air fact-check by Eric Shawn, one of the network’s anchors. “This has to stop now,” she wrote to Meade Cooper, another Fox executive. “This is bad business and there is clearly a lack of understanding [sic] what is happening in these shows. The audience is furious and we are…

Food storage brand Tupperware warns it could go out of business

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Legendary food storage brand Tupperware has hired advisers to help turn around the company after notifying securities regulators it may have to close up shops. In a release dated April 7, the Orlando, Florida-based company announced it was seeking to improve its capital structure in order to “remediate its doubts regarding its ability to continue as a going concern.” That same day, Tupperware issued a going-concern notice after warning it could be heading for a default if its lenders demand payment to maintain access to the company’s main line of credit. “If such demand for repayment was to occur, the…

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

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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…

Settlement reached in Fox vs Dominion lawsuit

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Justin Nelson, Dominion’s lead counsel, appears on CNN. (CNN) Dominion Voting Systems had two goals in its defamation case against Fox News — accountability and “trying to make Dominion whole,” said Justin Nelson, the lead counsel election technology company. Both were accomplished in this settlement, he told CNN on Tuesday. The payment of more than $787 million by Fox News to Dominion and the network’s statement acknowledging that its coverage of the 2020 election was false was “a strong message of accountability” and an important victory for the employees of his client’s company. “This is really the first time that…

WestJet shutting down discount airline Swoop

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WestJet is shutting down its budget airline, Swoop. The company made the announcement in a news release Friday, noting that the ratification of its recent deal with its pilots allows it to integrate all of its staff at various airlines into a single banner. “As negotiated in the collective agreement, the WestJet Group will now begin integration efforts of its ultra-low-cost airline, Swoop,” the airline said. “Through an expedited process, the airline anticipates a full integration into its mainline operations by the end of October. To avoid traveler impact, Swoop will operate its existing network through to the end of…

Watchdog probing claims that Nike Canada, a gold company benefiting from forced Uyghur labour

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Canada’s watchdog for corporate wrongdoing says she has enough to launch an investigation of allegations that Nike Canada and a gold mining company are benefiting from the forced labor of Uyghurs in China. It’s the first time the office of the Canadian Ombudsperson for Responsible Enterprise (CORE) has launched an investigation since the federal government appointed Sheri Meyerhoffer to the role in April 2019. “These are very serious issues that have been brought to our attention,” Meyerhoffer said Tuesday. “Canadian companies are expected to respect Canadian standards for human rights and environmental protection when they work outside of Canada.” A…

Shakeup at Indigo as almost half of the company’s board exits and chair Heather Reisman will also leave soon

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Four members of Indigo’s board of directors have abruptly resigned, and the company has announced that chair Heather Reisman will retire this summer. Indigo Books and Music Inc. says Frank Clegg, Howard Grosfield, Anne Marie O’Donovan and Chika Stacy Oriuwa are no longer on the company’s 11-person board. In a statement Wednesday, the company indicated that Oriuwa was resigning “because of her loss of confidence in board leadership and because of mistreatment.” No reason was given for the other exits. “Indigo wishes the departing directors well and thanks each of them for their contributions during their tenure on the board,”…

Irving Oil considers the sale of the company as part of a strategic review

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Irving Oil says it has launched a strategic review that will consider, among other things, “a full or partial sale” of the company, one of the largest in New Brunswick. “A strategic review of the company is underway, and a series of options are being evaluated related to the company’s future,” the Saint John-based company said in a statement. “No decisions have been made about where this strategic review may lead. Considerations will be given to a new ownership structure, a full or partial sale, or a change in the portfolio of our assets and how we operate them.” The…