Browns owner Jimmy Haslam has a Warren Buffet problem. Via the Associated Press, Buffet’s Berkshire Hathaway has accused Haslam of trying to bribe several executives at Pilot, the truck stop chain founded by Haslam’s father. Berkshire Hathaway claims Haslam wanted executives to drive up the company’s profits. The dispute stems from a sale of Pilot … [Read more…]
Red Lobster’s “irresistible” all-you-can-eat shrimp promotion is indeed hard to resist. The Ultimate Endless Shrimp deal became so popular that it contributed to the restaurant chain’s third-quarter profit decline, forcing the restaurant chain to increase the price from $20 to $25. Thai Union Group, which owns a large stake in the chain, said in a … [Read more…]
Nvidia is likely to thrive despite recent uncertainty in the AI space, from management turmoil at OpenAI to the U.S. government tightening chip export restrictions. The big question is what management will say about its progress in easing supply constraints to meet rising demand when the company reports earnings after the market closes on Tuesday. … [Read more…]
Net income decreased $499 million compared to the same quarter last year, primarily due to the decline in electricity sales and price declines in markets outside Quebec. • Also read: Even this actress can’t stand Hydro-Québec anymore • Also read: Consumption higher than expected: Hydro-Québec will run out of electricity two years earlier than expected … [Read more…]
Assisted living centers have become an attractive retirement alternative for hundreds of thousands of baby boomers who can no longer live independently, promising a cheerful alternative to the institutional setting of a nursing home. But their costs are so overwhelming that most Americans cannot afford them. These highly profitable establishments often charge $5,000 or more … [Read more…]