On a recent Friday, the Federal Trade Commission (FTC) announced a lawsuit against PepsiCo, accusing the company of engaging in illegal price discrimination practices. The FTC claims that PepsiCo provided preferential pricing to a particular retailer, widely believed to be Walmart, over its competitors. At the center of this legal controversy is the Robinson-Patman Act
Business
In 2023, Zoox, Amazon’s autonomous vehicle division, is poised to take significant strides towards realizing its vision of a robotaxi service. Co-founder and Chief Technology Officer Jesse Levinson emphasizes the importance of this year, stating that the company plans to enhance its operational capabilities, targeting commercial rides to the public in the near future. As
In a significant move reflecting the evolving landscape of air travel regulations, the Department of Transportation (DOT) has initiated legal action against Southwest Airlines for allegedly failing to address chronic flight delays. This lawsuit is not an isolated incident but part of a broader trend where airlines are being held more accountable for their operational
The film industry faced significant challenges in 2024, yet the latter part of the year witnessed an unexpected resurgence in box office ticket sales. As the year came to a close, figures indicated that total sales amounted to $8.74 billion—a mere 3.4% decline compared to 2023. This is noteworthy because, at one point, projections indicated
In recent times, Los Angeles has faced catastrophic wildfires that have wreaked havoc throughout the region, leading to the tragic loss of at least 24 lives and leaving many communities in ruins. The scale of destruction is staggering, prompting an urgent call for assistance from various sectors, including corporations, non-profits, and individuals. Amidst the chaos,
In the competitive landscape of retail, particularly in the apparel sector, few events hold as much significance as the holiday shopping season. This year’s Christmas period has opened new dialogues and trends for two renowned brands, Lululemon and Abercrombie & Fitch. As both companies adjust their fourth-quarter forecasts, the contrasting directions they take offer a
Walgreens recently revealed its fiscal first-quarter results, which surprisingly exceeded market expectations in multiple areas. The company reported earnings per share of 51 cents, significantly higher than the anticipated 37 cents. On the revenue front, Walgreens generated $39.46 billion, outperforming analyst forecasts of $37.36 billion. Despite this promising data, the retail pharmacy giant maintained its
Four years after filing for bankruptcy, Chuck E. Cheese is on a revitalization trajectory, showcasing an impressive transformation that appeals to a new generation of children and their families. The parent company, CEC Entertainment, filed for Chapter 11 bankruptcy in June 2020 as the pandemic began to influence the entertainment landscape significantly. Emerging from this
The resurgence of the Scout brand, initially an American automotive staple from 1961 to 1980, is generating significant interest as Scout Motors embarks on a venture into the electric vehicle (EV) market. Under the umbrella of Volkswagen (VW), the company has reported over 50,000 refundable reservation deposits for its first lineup of electric pickups and