Saks plans to close all of its own fur salons by the end of fiscal year 2021.
Category Archives: business
Florida sues federal government to allow cruises to sail
The Centers for Disease Control and Prevention issued new guidelines last week for companies on how to respond in the event of COVID-19 cases but has so far not lifted its no-sail order.
Laid off by the pandemic, some workers find robots took their job
After social distancing measures forced layoffs in labor-intensive factories, manufacturers turned to automation, despite the high cost. Now, they aren’t going back.
Rolls-Royce has best quarter in 116 years, as the wealthy snap up $400,000 luxury cars
Demand is especially strong for the Cullinan, which typically sells for over $400,000 with options and customizations.
GM cutting production for several weeks at some North American plants due to chip shortage
The automaker expects the problem will reduce its operating profit by as much as $2 billion this year.
Biden's plan to overhaul tax code would close offshore tax loopholes
At least 55 of the United States’ biggest companies paid nothing in federal taxes for 2020, despite earning a collective $40.5 billion in pretax income.
'Zoom zombies': Distracted driving and Covid atrophy may be cause of uptick in highway deaths
“Many Americans have honed their use of technology and their ability to multitask during the pandemic. But living-room skills do not translate behind the wheel,” one expert said.
After warning, McConnell softens posture on corporations' taking political stances
Several companies have condemned the new voting law in Georgia, leading some to withdraw major events from the state.
Why does the CEO of a huge U.S. hospital company make 1,000 times more than an Employee of the Month?
An Employee of the Month at a Missouri hospital got a $6 coupon after surviving Covid. The CEO of the firm that owns the hospital got $30 million.
Pandemic silver lining? Employers start to recognize importance of caregiving benefits
“Caregiving challenges are not new for families. They were just really highlighted during Covid, because we were literally zooming into people’s homes,” said one recruitment expert.