Here’s Kroger’s big bet to fight Amazon
Kroger wants to sell you more groceries online. And to do that, it’s banking on a strategy that’s drawing some skepticism on Wall Street. Kroger this spring is opening a $55 million, 375,000 square-foot fully automated distribution center outside Cincinnati in partnership with Ocado— the British online supermarket and warehouse specialist. It’s the first of…… MORE
The new president of ABC News is about to make history
Kimberly Godwin is about to make history — as the incoming president of ABC News, she’ll be the first Black executive to run one of America’s major broadcast network newsrooms. ABC’s parent company, Disney, announced Godwin’s appointment on Wednesday. She will take over in May. Godwin is currently an executive vice president at CBS News,…… MORE
McDonald’s will train all its restaurant staff after widespread sexual harassment allegations
McDonald’s is planning anti-harassment training across all 39,000 of its restaurants, the company said Wednesday. The trainings, among other measures, are designed to hold up a new set of brand standards, which focus on preventing harassment, discrimination and retaliation, preventing violence in the workplace, collecting feedback from employees and health and safety more broadly. “There…… MORE
Dollar General will hire 20,000 workers
Dollar General plans to hire 20,000 workers this spring as the discount chain continues its expansion during the pandemic. The company said Wednesday it’s looking to hire full- and part-time workers in stores and distribution centers, as well as drivers for its private-trucking fleet. Dollar General does not disclose its minimum wage for workers, but…… MORE
Brian Armstrong, Coinbase’s CEO, is now one of the richest people on Earth
The billionaires club got bigger Wednesday with Coinbase CEO Brian Armstrong joining the coveted coven. He runs the cryptocurrency exchange company that went public at a valuation of about $100 billion. That turned Armstrong into an instant mega-billionaire: His roughly 40 million shares became worth about $16 billion. Founded by Armstrong in 2012, Coinbase helps…… MORE
The greatest stunt yet from ‘Fast & Furious’: Saving movie theaters
The Fast & Furious series has pulled off a lot of stunts during its 20 year run. In “Furious 7,” Dwayne “The Rock” Johnson’s character flies an ambulance off a bridge and into a drone. In “Fast Five” cars drag a giant bank vault through the streets of Rio and in “Fast & Furious 6”…… MORE
HSBC is moving the heart of the bank back to Hong Kong
HSBC will move four of its most senior executives to Hong Kong later this year, as the London-based bank focuses more attention on fast-growing markets in Asia. CEO Noel Quinn said in an internal memo on Wednesday that Barry O’Byrne, head of global commercial banking, Greg Guyett, co-head of global banking and markets, and Nuno…… MORE
Like it or not, ‘woke’ Corporate America is here to stay
Conservative lawmakers concerned by the growing list of major corporations taking progressive stances on hot-button political issues should expect more of the same for the foreseeable future. So says Lisa Osborne Ross, who next month will become the first Black person to serve as chief executive officer for the US division of Edelman, one of…… MORE
Ruff job: Busch will pay your pup $20,000 to be its official dog beer taster
Busch is sniffing around for a new CTO — “chief tasting officer” — and it wants your very good boy to apply. The beer brand is expanding its “Dog Brew,” a canine-friendly, alcohol-free bone broth it launched last year. According to Anheuser-Busch, the brew sold out within 24 hours. The role comes with a $20,000…… MORE
Five things you didn’t know about Bernie Madoff’s epic scam
Editor’s note: This story was originally published on December 11, 2013, and has been updated with Madoff’s death. Bernard Madoff, the man behind the most notorious Ponzi scheme in history, died while serving a 150-year sentence in Federal Prison at age 82. He was arrested on Dec. 11, 2008 for bilking thousands of investors out…… MORE
