Kroger Closing Two California Stores Over Local Pay-Raise Rules

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Kroger Closing Two California Stores Over Local Pay-Raise Rules

Kroger Co. plans to close two Southern California supermarkets following passage of a local ordinance that requires grocery stores to raise their frontline workers’ hourly pay by $4. A Ralphs store and a Food 4 Less store in Long Beach, California, will close …
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5th consecutive year, Tyson Foods ranks tops on Fortune's world's most admired companies list for food production

The annual survey, conducted by Fortune and Korn Ferry, is given to executives, directors, and financial analysts to identify the companies that have the strongest reputations within their industries and across all industries.
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Fed officials say US economy still in depths of recession, more relief needed

(Reuters) – The U.S. economy is still deep in a recession and more fiscal relief will be needed to reach a full recovery and help some of the unemployed find jobs, two Federal Reserve policymakers said on Monday. “We’re still in the depths of a recession,” …
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BP reports $5.7bn loss as Covid-19 pandemic hits oil demand

The company’s first full-year financial loss in a decade came after the industry was “hit hard” by the pandemic, which triggered a collapse in demand for transport fuels, and caused oil prices on the global market to tumble.
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Glynn's Take: RBA Applies Maximum Pressure on Australian Dollar

When Reserve Bank of Australia Gov. Philip Lowe announced in November the central bank’s first volley of government-bond buying in its history, he told financial markets not to doubt the policy “firepower” he still had in reserve. At the RBA’s first policy …
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