Business

Cosmetics maker Revlon nears chapter 11 filing

Cosmetics maker Revlon nears chapter 11 filing

Check out what’s clicking on FoxBusiness.com. Revlon Inc. is preparing to file for chapter 11 protection as soon as next week after struggling for years with too much debt, stiff competition in the cosmetics business and more recent inflation and supply-chain pressures, people familiar with the matter said. The cosmetics maker, owned by billionaire Ron …

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Elon’s Twitter twist: Musk’s big tech ‘best’ offer looks bogus

Elon’s Twitter twist: Musk’s big tech ‘best’ offer looks bogus

The Elon Musk-Twitter drama keeps taking sometimes bizarre, unexpected turns so whatever I write here could be moot not long after the ink dries.  It’s always been dangerous to talk in absolutes about Musk. He is said to be genius-level smart but he’s done some really dumb things (weird tweets nearly got him jammed up …

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Ethereum Core Developers Announce Further Delay of ‘Difficulty Bomb’

Ethereum Developers Announce Further Delay of ‘Difficulty Bomb’

Ethereum’s developers announce another delay of the “difficulty bomb,” a section of the consensus algorithm that eventually makes it impossible to mine Ethereum. This announcement comes as more bad news for Ethereum enthusiasts hoping for the completion of the Ethereum 2.0 merge in August. While ConsenSys researcher Mikhail Kalinin officially initiated work on the Ethereum …

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FDA investigated more baby deaths related to Abbott plant than previously known: report

FDA investigated more baby deaths related to Abbott plant than previously known: report

Breast milk banks face a surge in demand as an alternative to baby formula. A supply chain backlog has made it hard to get bottles and caps to suppliers on time. The Food and Drug Administration (FDA) reportedly investigated seven more child deaths due to the consumption of contaminated baby formula from the Michigan Abbott …

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Behind the automation boom coming to the hotel industry, from 24-hour check-in to texting for towels

Behind the automation boom coming to the hotel industry, from 24-hour check-in to texting for towels

Mathisworks | Digitalvision Vectors | Getty Images For years, hotel operators have under-invested in technology, but persistent labor challenges are forcing a reckoning in the industry. “The labor issue is a big driver for investments in technology,” said Mark Haley, a partner at Prism Hospitality Consulting, which specializes in hospitality technology and marketing. “You can’t …

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Microsoft eliminates controversial practices to protect workers and comply with state law

Microsoft eliminates controversial practices to protect workers and comply with state law

Microsoft employees across the country can say farewell to confidentiality clauses in settlements and separation agreements, the company announced this week. The policy change announced Wednesday came a day before a new Washington law prohibiting nondisclosure agreements from preventing the disclosure of workplace abuses went into effect. Another law will soon require salary ranges be …

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3 Warren Buffett Stocks to Buy Before the Next Bull Market | The Motley Fool

3 Warren Buffett Stocks to Buy Before the Next Bull Market | The Motley Fool

With the broadly followed S&P 500 index recently flirting with bear market territory, and the tech-centric Nasdaq-100 index already there, investors are tasked with navigating some pretty treacherous waters. But those searching for a guiding light should look no further than legendary investor Warren Buffett, whose Berkshire Hathaway (BRK.A -2.76%)(BRK.B -3.02%) conglomerate has consistently outperformed …

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End of the line for Farmer John, a smelly L.A. landmark of Dodger Dogs, tourists, protests

End of the line for Farmer John, a smelly L.A. landmark of Dodger Dogs, tourists, protests

Visitors to Los Angeles often put on their list of city sights the Hollywood sign, the Venice boardwalk, the Watts Towers, and for the more adventurous and olfactory-challenged, the Farmer John’s meatpacking plant in Vernon. A favored destination for location scouts, for aficionados of camp, muralists and hot dog connoisseurs, this hidden-away abattoir was less …

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'Losing my mind': Bonobos founder who helped transform Walmart opens up about mental health struggles

‘Losing my mind’: Bonobos founder who helped transform Walmart opens up about mental health struggles

Burn Rate: Launching a Startup and Losing Your Mind Andy Dunn’s start-up, Bonobos, was being courted for an acquisition by retail giant Walmart. It was a thrilling process, but the co-founder and former CEO of the online menswear brand knew it was time to disclose his secret: He had bipolar disorder. In his new book, “Burn …

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