Business

Chicken suppliers fall amid allegations of collusion

Food suppliers US Foods in addition to also Sysco have initiated separate lawsuits accusing numerous large poultry suppliers of colluding to manipulate wholesale chicken prices, The Wall Street Journal reported Wednesday. The two companies, which are the largest food suppliers to U.S. restaurants from the country, alleged which the poultry processors, including Tyson Foods, Pilgrim’s Pride in addition to also ...

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As Bon-Ton shutters stores, Kohl’s could reap the benefits

Kohl’s could be the biggest winner in retail as regional department store chain Bon-Ton restructures its store fleet, according to Jefferies. “Bon-Ton’s closures could be a cherry on top” for Kohl’s, analyst Randal Konik said in a note to clients. Bon-Ton on Monday updated analysts along with investors on its ongoing negotiations with lenders, having recently entered into a forbearance ...

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Vape shops sue to block US regulation covering e-cigarettes

A group of vape shops in a few U.S. states on Tuesday announced a trio of lawsuits challenging a rule adopted by the Food along with Drug Administration of which allows the regulator to treat e-cigarettes along with similar devices like cigarettes. The vape shops, represented by the Pacific Legal Foundation conservative legal group, in lawsuits filed in federal courts ...

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Venezuela says will pre-sell ‘petro’ cryptocurrency on Feb. 20

A pre-sale of Venezuela’s brand-new “petro” cryptocurrency will begin on Feb. 20, President Nicolas Maduro said on Tuesday, a move in which the government hopes will help pull the country out of a dire economic crisis. Critics have slammed the initiative as not only illegal however nothing more than a debt issuance by the government amid quadruple-digit inflation as well ...

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Quiksilver CEO missing at sea off French coast

IROZ GAIZKA | AFP | Getty Images Frenchman Pierre Agnes pictured in his office on October 17, 2014. French coastguards are searching for the chief executive of a leading surfwear company after his boat was discovered washed ashore on a beach inside the country’s south-west. Pierre Agnes, CEO of Boardriders, Quiksilver’s parent company, set sail early on Tuesday however did ...

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Ryanair agrees to recognize British pilots union for first time

Ryanair said which would likely allow Britain’s pilots’ association to start negotiating on issues such as pay along with holidays after the Irish budget airline recognized a trade union for initially in its 32-year history. Europe’s biggest budget airline was forced last year to recognize unions in order to avoid a Christmas strike, after which had to cancel 20,000 flights ...

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