Philippines-Based Jollibee To Acquire Coffee Bean & Tea Leaf For $350 MillionJollibee wants to focus on growing the Coffee Bean & Tea Leaf brand in Asia. In a press release, Jollibee's Chairman Tony Tan Caktiong said the deal will enable the company to "become an important player in the large, fast growing and profitable coffee business."
Malibu Restaurants That Survived Woolsey Fire May Be Forced To Close Because Of Drop In BusinessMonths after the Woolsey Fire scorched the canyons of Malibu, which was then deluged with torrential rain that caused mudslides, residents returning to the seaside enclave might not find their favorite restaurants and businesses waiting for them.
Sephora To Close Stores For Training Wednesday After Singer SZA Says She Was Racially Profiled In CalabasasCosmetics retailer Sephora says it will close all its stores across the country Wednesday for diversity training after singer SZA says she was racially profiled at the Calabasas location.
Drones People Can Ride Make Debut At CESJuiced-up vehicles seemed to be a new trend at CES, including a flying drone that a passenger can ride, a flying taxi and a smart luxury yacht.
Businesses Hired 250K Workers In October, Wage Hike Highest In 9 YearsSome good news for those looking for work: now is as good a time as any to land a job.
Global Walkout: Google Employees Protest Over Sexual Harassment ScandalsWalkouts are occurring at Google offices around the world, including Dublin and Singapore, according to social media reports.
Sears Files For BankruptcySears says it will "close 142 unprofitable stores near the end of the year. Liquidation sales at these stores are expected to begin shortly. This is in addition to the previously announced closure of 46 unprofitable stores that is expected to be completed by November 2018."
Investors Who Shut Down Toys 'R' Us Now Planning To Revive The BrandThe group now believes that it stands a better chance of a realizing a return on its investment by potentially reviving the toy chain, rather than selling it off for parts.
Amazon Raises Minimum Wage To $15 For All US WorkersAmazon said the $15 minimum wage will apply to more than 250,000 employees and 100,000 seasonal holiday employees. Workers hired by temp agencies will also receive the $15-per-hour wage.
California Passes Net Neutrality Law As Justice Department Says They're SuingBarbara van Schewick, a professor at Stanford Law School, says the California bill is on solid legal ground and that California is within its legal rights.
Elon Musk Smokes Pot In Joe Rogan Interview; Tesla Shares TumbleTesla chief executive Elon Musk, already under scrutiny for his public outbursts, appeared to smoke marijuana during a live interview with comedian Joe Rogan.
Rite Aid Shareholders Scuttle Deal To Merge With Albertson'sOne of Rite Aid's biggest shareholders, Highfields Capital Management, said that deal was "in the best interests of Albertson's and Rite Aid management, but not Rite Aid shareholders."
Wells Fargo: Computer Glitch Denied Loan Modifications To Hundreds Of HomeownersThe bank said in a filing Friday the error caused about 625 customers to be denied, or not offered, loan modifications they otherwise qualified for. Foreclosures were completed in about 400 of the cases.
Mattel, Citing Toys 'R' Us Closure, To Cut More Than 2,200 JobsA Mattel spokesman said the job cuts will affect mainly its office workers worldwide and are part of the company's efforts to slash at least $650 million in costs.
Starbucks To Stop Offering Straws At All Locations By 2020A week after its hometown banned plastic drinking straws and utensils, the Seattle company said Monday that within two years, it will be using straws made from biodegradable materials like paper and specially designed lids.