Small businesses concerned over new $20 minimum wage for California fast food workers (www.cbsnews.com)
F1 owner Liberty Media takes over MotoGP in $4bn deal with Dorna (www.motorsport.com)
April Fools' Day: Corporate larks can become no laughing matter. Ask Google and Volkswagen (www.usatoday.com)
Red Hat hires McKinsey to streamline techies' jobs (www.theregister.com)
Some staff are worried – can’t think why
Best Buy offers to screen LGBTQ nonprofit donations after conservative pressure, filing shows (www.cnbc.com)
For Disney, Small Shareholders Loom Large in Boardroom Fight (www.nytimes.com)
Suicide Mission - What Boeing did to all the guys who remember how to build a plane (prospect.org)
Key Fed inflation gauge rose 2.8% annually in February, as expected (www.cnbc.com)
Daniel Kahneman, Who Plumbed the Psychology of Economics, Dies at 90 (www.nytimes.com)
An economics Nobel, Kahneman never took and economics course but pioneered a psychological approach to the field in collaboration with Amos Tversky. In their research, Kahneman and Tversky showed how the Human mind is apt to engage in numerous fallacies and systematic errors we should be aware of to avoid bias and errors....
Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants (www.npr.org)
Costco cracking down on non-members eating at food courts (www.nydailynews.com)
CT businesses brace for potential impact from Baltimore bridge collapse (www.wfsb.com)
Downtown Portland’s office vacancy rate is highest in the nation, report says (www.oregonlive.com)
“According to Colliers, more than 1.4 million square feet of office space in downtown Portland was available for sublease at the end of 2023. The total available amount of space available for lease downtown was more than 32%. Collier expects that figure to reach 40% over the next year....
Minor League Baseball Players Accused of Del Taco Insider Trades (www.bloomberg.com)
I know this isn’t great business news, but I just loved the headline and felt the need to share
Kimberly-Clark to reorganize business, incur $1.5 billion in costs (finance.yahoo.com)
You may not recognize “Kimberly-Clark”, but you know Kleenex. ;)
Truth Social will start trading on Tuesday. Trump stands to earn a fortune (www.npr.org)
Boeing CEO Dave Calhoun to step down, part of a shakeup after 737 Max problems (www.npr.org)
Target doubles bonuses for salaried employees as profits surge (www.nbcnews.com)
Stellantis uses ‘mandatory remote work day’ to cut 400 white-collar jobs (fortune.com)
Unilever to cut 7,500 jobs and spin off its ice cream business, which includes Ben & Jerry's (apnews.com)
Fabrics retailer Joann files for bankruptcy | CNN Business (www.cnn.com)
Airbus confirms interest in parts of Spirit Aerosystems (www.bbc.com)
Planet Fitness stock tumbles as boycott calls grow (www.newsweek.com)
Hot-button issue, please be civil about it.
State Farm discontinuing 72,000 home policies in California in latest blow to state insurance market (www.yahoo.com)
Bahrain takes full control of supercar brand McLaren (www.bbc.com)
