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COMPANY


Top lawyer at Fox Corp. to step down after overseeing $787M settlement in Dominion defamation case

The chief legal officer at Fox Corp. who oversaw a $787 million settlement with Dominion Voting Systems over defamation allegations against Fox News is leaving the company.

PRA Group call center in Danville to close, impacting 123 workers

Effective Oct. 20, the PRA Group financial services call center in Danville is set to close, and as many as 123 workers will be impacted.

Are you an Appalachian Power customer? Your next bill could be $30 more

Your next Appalachian Power bill will likely be higher than it was this time last year or even last month. For the second time, the local utility company has introduced a second rate hike citing inflation as the reason.

Construction of 3D printed homes in Pulaski delayed

The rising cost of materials forced them to postpone the building process, Alquist said

Visa's 2Q profits jump 21% as pandemic eases across globe

Payment processing giant Visa’s profits rose 21% in the first three months of the year fueled by a large jump in spending on the company’s namesake credit and debit card network.

Visa profits rise 27% as pandemic wanes and economies open

Visa’s fiscal first-quarter profits rose 27%, as improving economies worldwide as well as more people using digital payments helped lift the company’s fortunes.

Days before his death, video captured Stephen Sondheim seeing revival of ‘Company’ on Broadway

It’s still hard to believe for fans of musical theater, but Broadway icon and legend Stephen Sondheim passed away over the weekend at the age of 91.

Online scrubs seller Figs soars 36% in stock market debut

Online scrubs seller Figs soars 36% in stock market debut

Shares of online scrubs seller Figs are soaring in their stock market debut, valuing the 8-year old company at $4.8 billion.

McKinsey agrees to pay nearly $600M over opioid crisis

McKinsey agrees to pay nearly $600M over opioid crisis

The global business consulting firm McKinsey & Company has agreed to a $573 million settlement over its role in the opioid crisis, according to a person with knowledge of the deal. (AP Photo/Toby Talbot, File)The global consulting firm McKinsey & Company agreed to pay nearly $600 million for its role in advising businesses on how to sell more prescription opioid painkillers amid a nationwide overdose crisis. Washington's attorney general announced a separate $13.5 million deal and West Virginia announced a $10 million settlement with the New York-based company. On a video call with journalists Thursday, North Carolina Attorney General Josh Stein said that McKinsey worked for Purdue for 15 years. AdIn a statement, New Jersey Attorney General Gurbir Grewal said that McKinsey would pay out more than it made advising companies on opioid sales.

Airbnb hopes to raise up to $2.6B in mid-December IPO

Airbnb hopes to raise up to $2.6B in mid-December IPO

Airbnb hopes to raise as much as $2.6 billion in its initial public stock offering this month, betting investors will see its home-sharing model as the future of travel. It’s a remarkable comeback for the company that delayed its IPO when the coronavirus pandemic crippled global travel in the spring. Airbnb has more than 7 million listings on its platform, run by 4 million hosts worldwide. But Airbnb has recovered more quickly than traditional hotels as travelers seek whole homes in rural areas far from crowds. Airbnb said it also expects more business people will book vacation rentals, since many can now work from home.

Another restaurant chain, Friendly's, hits wall in pandemic

Another restaurant chain, Friendly's, hits wall in pandemic

– Friendly's Restaurants, the 85-year-old East Coast dining chain known for its Fribble milkshakes and ice cream sundaes, is filing for bankruptcy protection. It joins a growing list of well-established restaurant chains that are failing due to an unchecked pandemic in the United States. FIC will sell essentially all of its assets to the restaurant company Amici Partners Group. The pandemic has hit the restaurant sector very hard, particularly chains like Friendly's that rely on people sitting down at tables. Traffic at full-service restaurant chains in the U.S. plummeted 48% in the April-June period, according to NPD Group.

Hundreds of Regal, Cineworld movie theaters to close

Hundreds of Regal, Cineworld movie theaters to close

Cineworld Group Plc said Monday that it would close 536 Regal cinemas in the U.S. and 127 Cineworld and Picturehouse venues in the U.K. this week, affecting some 45,000 employees. Last week groups representing theater owners, movie studios and directors issued a plea to U.S. lawmakers to provide relief to ailing movie theaters. Cineworld had also been highly leveraged, having largely funded its acquisition of Regal Entertainment in 2018 through debt. Greidinger hopes that that might be settled before Christmas, in time for “Wonder Woman 1984.”“I will be the happiest man to open the cinemas for ‘Wonder Woman," he said. “But we will also need to look beyond ‘Wonder Woman’ to January and February.”

Ready to vote but need a ride? This company says it’s stepping in to help

Ready to vote but need a ride? This company says it’s stepping in to help

And just like every election year, it’s of the utmost importance that citizens cast their ballot in this year’s election. If you’ve registered but are already concerned about how you will make it to a polling station, the ride-sharing company Uber wants to step in and lend a hand. As Election Day approaches, and as part of its “Get Out the Vote” campaign, the company aims to help people find their polling location, as well as offer discounted rides to and from the poll during early voting. “As we look ahead to this year’s election, we are committed to doing our part to make sure every citizen has access to vote,” Uber CEO Dara Khosrowshahi said. Uber officials said as Election Day nears, people will begin to have access to important information in the app.

Best Buy to close on Thanksgiving

Best Buy to close on Thanksgiving

Best Buy is the latest store to announce that it will be closed for Thanksgiving this year. The company says to make up for the closure, it will be offering holiday deals earlier than it has in years past. Target, Dicks and Walmart have also announced that they will close on the holiday as well. To learn more about what Best Buy is doing this holiday season, click here.

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