Ohio man accused of stealing $15M in groceries from Missouri chain and sabotaging stores
ST. LOUIS, MO – A grocery store owner from Ohio has been indicted and arrested for allegedly defrauding a Missouri-based supermarket chain out of more than $15 million in inventory, then sabotaging…
Chain Saw Chain and Blade Importer to Pay Over $500,000 to Resolve False Claims Act Allegations
TriLink Saw Chain, LLC, and TriLink Global, LLC (TriLink), nationwide importers of chain saw chains and blades manufactured in China and intended for sale in the United States, have agreed to pay…
Two new players enter the Jackson Township Pizza game, and they’re national chain brands
JACKSON, NJ – Jackson Township is one of New Jersey’s largest towns by size, around 100 or so square miles, and might also hold the record for most pizzerias per capita in…
White House aims to boost supply chain information sharing
By David Shepardson WASHINGTON – The White House on Tuesday unveiled a new pilot effort to help clear supply chain bottlenecks at congested U.S. ports by getting truckers, shippers, wholesalers, retailers and…
New US Solar Panel Installations Set To Crater Thanks To Inflation, Supply Chain Issues
New US Solar Panel Installations Set To Crater Thanks To Inflation, Supply Chain Issues Thomas Catenacci on March 10, 2022 Solar panel installations are set to decrease in 2022 off of major…
Chain Of Tornadoes Rips Through Iowa, Kills Seven People
Chain Of Tornadoes Rips Through Iowa, Kills Seven People Harry Wilmerding on March 7, 2022 A series of tornadoes ripped through Iowa on Saturday, killing seven people, CNN reported. The Madison County…
Ferrari doesn’t see impact on its supply chain from Ukraine crisis
MILAN, Mar 3 – Ferrari does not see any impact on its supply chain as a consequence of Russia’s invasion of Ukraine, a spokesman for the Italian luxury carmaker told Reuters on…
Factbox-What is the chain of command for potential Russian nuclear strikes?
– Russian President Vladimir Putin said at the weekend that his nation’s nuclear forces should be put on high alert, raising fears that Russia’s invasion of Ukraine could lead to nuclear escalation.…
Billionaire founder of Chinese hotpot chain Haidilao steps down as CEO
BEIJING – China’s Haidilao, which operates a chain of hotpot restaurants, said its billionaire founder Zhang Yong has stepped down as CEO and will shift his focus to long-term strategy planning. The…
U.S. companies grapple with surging costs as supply chain problems persist
By Timothy Aeppel – Dave Petratis boosted wages for his U.S. factory workforce in December – six months ahead of schedule for normal annual increases. It wasn’t enough. The CEO of Allegion…
Shipping Giant Expeditors Forced To Shut Down Operations After Cyber Attack
Shipping Giant Expeditors Forced To Shut Down Operations After Cyber Attack Ailan Evans on February 23, 2022 Shipping and logistics giant Expeditors was hit by a cyber attack over the weekend, forcing…
LG Abandons Solar Panel Business Amid Supply Chain Issues, High Costs
LG Abandons Solar Panel Business Amid Supply Chain Issues, High Costs Thomas Catenacci on February 23, 2022 South Korean technology company LG Electronics announced Wednesday that it would abandon its struggling solar…
Brazil hospital chain Rede D’or acquires insurer Sulamerica -report
– Brazil hospital chain Rede D’or SA acquired insurer Sulamerica Seguros in a share swap deal, according to a report on Wednesday from local newspaper O Globo. The report said that according…
Harris: American sacrifice for Ukraine means even higher energy costs for all
WASHINGTON, D.C. – Vice President Kamala Harris is warning Americans to brace for even higher energy costs as the crisis between Ukraine and Russia continue into the spring. Last week, the White…
Is America having a Freedom Convoy to protest vaccine mandates? Yes, and here are the details of the People’s Convoy
There is a Freedom Convoy starting this weekend by truckers facing harsh restrictions in California and the rest of the United States. In the spirit of the trucker’s convoy that descended upon…
Plans for truck convoys to arrive in Washington around State of the Union- police
LOS ANGELES – There are plans for a series of truck convoys to arrive in Washington D.C. around the time of the State of the Union address to be given by President…
Roku revenue misses on supply chain snags, shares fall 20%
– Roku Inc reported quarterly revenue on Thursday that missed estimates, as the company was hit by supply chain issues that affected sales of television sets and its own streaming devices, sending…
Spanish exports top pre-pandemic levels despite Brexit, supply chain
By Belén Carreño MADRID – Exports of Spanish goods soared 21.2% last year to surpass pre-pandemic levels despite global supply chain problems and the impact of Brexit, although Spain’s trade deficit nearly…
Biden Administration Defies Court Ruling Again, Opts Against Holding Oil Drilling Sales
The Biden administration missed another deadline to hold quarterly onshore oil drilling lease sales after a federal court ruled it was legally required to do so. The Department of the Interior (DOI)…
Kraft Heinz plans more price hikes as sales, earnings beat estimates
By Deborah Mary Sophia and Mehr Bedi -Kraft Heinz Co said on Wednesday it would raise the prices of its snacks and condiments further to counter soaring costs of raw materials and…
Construction industry groups oppose Biden’s executive order in letter to White House
WASHINGTON – Sixteen groups representing the U.S. construction industry sent a letter to the White House opposing a recent executive order signed by President Joe Biden requiring “project labor agreements” in federal…
Customs Broker Arrested on Federal Indictment Alleging Tax Evasion and Scheme to Defraud Japanese Retail Chain Out of $3.4 Million
SANTA ANA, California – A customs broker was arrested today on a federal grand jury indictment charging him with evading the payment of $1.5 million in taxes and engaging in a…
Higher steel prices boost Thyssenkrupp amid supply chain strains
By Christoph Steitz and Tom Käckenhoff FRANKFURT – Thyssenkrupp said on Thursday that operating profit rose nearly fivefold in its first quarter, as its two biggest divisions – steel and materials trading…
Ted Cruz Calls For FTC Probe Into GoFundMe For Shutting Down Convoy Fundraiser
Republican Texas Sen. Ted Cruz said Sunday he was demanding the Federal Trade Commission (FTC) investigate crowdfunding site GoFundMe after it shut down a fundraiser supporting truckers protesting Canadian COVID-19 restrictions. “Today…
More Magical Thinking: President Biden’s Offshore Wind Fantasy
Jonathan Lesser on February 3, 2022 Last March, President Joe Biden announced a goal of building 30,000 megawatts (MW) of offshore wind generation by 2030. Doing so will “strengthen the domestic supply…
Milwaukee Pharmacy Chain to Pay Over $2 Million to Resolve Allegations It Violated the False Claims Act
United States Attorney Richard G. Frohling announced today that Hayat Pharmacy agreed to pay $2,050,000 to resolve allegations that it submitted false claims to Medicare and Medicaid for prescription medications. Hayat Pharmacy…
Breaking News
