A group of conservative investors plan to take on four of the “wokest” corporations at upcoming shareholder meetings over allegedly discriminatory policies in an effort to defend shareholders, according to a press release.
The Free Enterprise Project of the National Center for Public Policy Research, a Boardroom Initiative (BI) coalition member, will make proposals at Walmart, Twitter, Facebook and Comcast shareholder meetings held over the next two weeks to hire outside firms to investigate whether or not the companies are placing merit behind “equity” considerations, according to the release. Read More
Corporations previously outspoken about hot-button social issues have stayed quiet on the likely overturning of Roe v. Wade after a dramatic fight between Disney and Florida Republican Gov. Ron DeSantis over the company’s political activism.
Following the leak of a draft opinion indicating the Supreme Court is likely to overturn Roe v. Wade, Democrats are trying to ram through a bill legalizing third trimester abortions; however, corporations are largely staying out of the fray, following Disney’s disastrous battle with Republican Florida Gov. Ron DeSantis that ended with the company losing its special tax privileges. Read More
The nation’s largest private employer announced plans to hire tens of thousands of workers before the end of the quarter to help expand its business amid a tightening labor market.
Walmart announced Wednesday a plan to hire more than 50,000 workers in the U.S. by the end of April, the time of year when many companies decrease hiring following the busy holiday shopping season, The Wall Street Journal first reported. The new hires will reportedly fill positions in stores but also add staff in areas such as health, wellness and advertising. Read More
Retail giants Walmart and Kroger have each raised the price of BinaxNOW rapid COVID-19 tests after a deal made with President Joe Biden expired in mid-December, FOX Business reported.
The September deal had the companies sell the antigen self-test kits made by Abbott Laboratories for $14 for 100 days, FOX Business reported. The cost of the tests will now be $19.98. Read More
Costco will raise its company-wide minimum wage to $16 per hour, a one-dollar increase that raises its wages higher than its fellow big-box retailers, the company’s CEO said during a congressional hearing Thursday.
Costco plans to raise its minimum wage from $15 to $16 because it is committed to paying workers “very competitive retail wages,” CEO Craig Jelinek said during a Senate Budget Committee hearing Thursday. Jelinek stopped short of advocating in favor of a federal minimum wage overhaul, instead saying he was solely focused on Costco. Read More
Walmart announced it will raise wages for 425,000 store associates serving in “frontline” roles after the company reported record fourth-quarter revenue.
Walmart will increase starting wages to between $13 and $19 per hour depending on store location and market, according to a letter Walmart President and CEO John Furner sent to employees nationwide Thursday morning. The pay raises will begin on March 13 and apply to the company’s 425,000 store associates. Read More
Globally dominant retailers Amazon and Walmart saw profits soar in 2020 on the strength of surging online sales amid a traditional retail environment decimated by COVID-19 closures and shoppers too nervous to venture out into brick-and-mortar establishments. Read More
The Department of Justice sued Walmart Tuesday alleging that the big-box retailer fueled the U.S. opioid epidemic by knowingly filling illegitimate prescriptions and with price-cutting techniques.
Walmart transformed its 5,000 in-store pharmacies into a leading network of opioid suppliers, the Department of Justice (DOJ) lawsuit alleged, according to a press release. In addition, Walmart allegedly didn’t heed warnings from its pharmacists that there was an insufficient screening process for questionable prescriptions. Read More
Retailers like Target and Walmart stretched out their traditional Black Friday sales throughout the whole month, but post-Thanksgiving shopping sprees will still be available, according to press releases from the companies. Cyber Monday will feature big deals online as usual, but don’t forget Giving Tuesday and Small Business Saturday. Read More
Walmart has reversed course, announcing it is returning ammunition and firearms to their displays in its U.S. stores.
On Thursday the nation’s largest retailer said it had removed the items from displays due to “civil unrest” in some areas of the country. Guns and ammunition, however, had remained for sale at the stores, just not visible to shoppers. Read More
President Donald Trump said Saturday that he approved a transaction between Oracle and TikTok that allows the Chinese application to stay in the United States.
Part of the arrangement requires the newly U.S.-based TikTok company to direct $5 billion toward teaching American children “the real history of our country,” Trump told reporters at the White House, Bloomberg reported Saturday. The president later told rally attendees in North Carolina Saturday that he is establishing a “large fund for the education of American youth.” Read More
Walmart will require all customers to wear face coverings inside its stores beginning July 20, the company announced Wednesday.
“As the number of confirmed cases has spiked in communities across the country recently, so have the number and types of face covering mandates being implemented,” the retailer said in a press release. Read More
Christmas season is in full swing as people try to buy and send presents to loved ones all over the country. Here are the deadlines for major shipping carriers. Read More
Several people were killed and one person was in custody Saturday after a mass shooting occurred in a shopping complex in the border town of El Paso, Texas, police said. Read More