Walmart employees are now wearing body cameras in some U.S. stores
Walmart has started giving store-level associates body cameras to wear as part of a pilot program at some of its U.S. locations, CNBC has learned. It’s not clear how many of…
Former Ozy Media head sentenced to nearly 10 years in prison
The former head of Ozy Media has been sentenced to 10 years in prison for his role in an alleged fraud involving the failed content startup. Carlos Watson was facing…
From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024
A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of customers who have grown more discerning about how…
McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty
McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work advising Purdue Pharma on how to increase sales of its opioid painkiller…
Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments
President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to spur artificial intelligence and related infrastructure projects. The…
Kroger and Albertsons are spending billions to reward shareholders after their blocked merger
Within a day of their $25 billion merger’s falling apart in court, Kroger and Albertsons were each planning to move forward with share repurchases to boost their stock prices and…
Top liquor distributor favored Costco and Kroger over small businesses, FTC says
The Federal Trade Commission in a new lawsuit accuses the largest U.S. distributor of wine and spirits of illegal price discrimination that gave large chains — among them Costco, Kroger and Total Wine & More — much…
Star real estate agents Alexander brothers arrested in Miami after sex assault claims
Federal prosecutors accused top real estate agents Tal and Oren Alexander and their brother, Alon, of drugging and raping “dozens of victims” over more than a decade. The brothers were arrested in Miami Wednesday on…
Macy’s confirms rogue employee hid $151 million in expenses over three years
A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy’s said Wednesday. In a statement accompanying its quarterly earnings results,…
Albertsons sues Kroger after judge rules against grocery merger
Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract and didn’t follow through on commitments to help…