Michelle Mack, residing in Bonsall, California, masterminded a large-scale organized retail crime operation that targeted prominent retailers like Ulta Beauty and Sephora. She orchestrated the criminal activities from her lavish 4,500-square foot mansion in the outskirts of San Diego, overseeing a network of around 12 individuals who pilfered millions of dollars’ worth of merchandise. Recently,
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Penn Entertainment recently announced that it will be laying off approximately 100 employees as it shifts its focus towards the growth of ESPN Bet. This decision comes as the company looks to enhance operational efficiencies following its acquisition of the Canadian media and gaming giant, theScore, in 2021. With a workforce of around 20,000 employees,
In a surprising turn of events, Ford Motor Company has decided to shift its production focus from all-electric vehicles to its large Super Duty trucks. This decision comes as the company announces plans to expand its production capabilities at a Canadian plant that was originally intended to be converted into an EV hub. With an
General Motors has announced that it will be increasing production of the Cadillac Escalade V-Series performance model for the 2025 model year. The new SUV will come with a variety of updates and enhancements, including a standard 55-inch diagonal display across the dash, a passenger-only screen, an “executive package” for the second row, power doors,
New Balance recently made headlines by announcing a multi-year partnership with the Women’s National Basketball Association (WNBA), which is a significant move in the realm of women’s sports. This partnership will not only establish New Balance as an official sponsor of the WNBA but will also include collaborations in broadcast, digital, and retail spaces, featuring
Morgan Stanley recently reported that its second-quarter profit and revenue exceeded analysts’ estimates. The bank’s earnings of $1.82 per share surpassed the expected $1.65 per share, while revenue came in at $15.02 billion, compared to the estimated $14.3 billion. This success was driven by a 41% surge in profit from the year-earlier period, totaling $3.08
General Motors’ ambitious target of producing 1 million all-electric vehicles in North America by the end of 2025 seems to be under scrutiny after CEO Mary Barra’s recent statement. The company’s production capacity target for next year was one of the few remaining EV goals that hadn’t been revised or rescinded, as the demand for
Macy’s board of directors made the decision to end negotiations with the activist group looking to take the retailer private for $6.9 billion. The board cited concerns over the certainty of financing and the lack of compelling value in the proposal. Lead independent director Paul Varga expressed the board’s stance in a press release, highlighting
SpaceX, the renowned space exploration company founded by Elon Musk, faced a rare mishap with its Falcon 9 rocket during the “Starlink Group 9-3” mission. The rocket, which launched from California’s Vandenberg Space Force Base, was carrying 20 satellites intended for low Earth orbit. The incident involved the failure of the rocket’s upper second stage
The upcoming Summer Olympics in Paris this year have brought excitement for thousands of athletes but disappointment for Delta Air Lines. The airline has reported a significant drop in travelers booking trips to Paris this summer, leading to a projected $100 million loss in revenue. CEO Ed Bastian expressed his concerns about the lack of