Volkswagen and Stellantis Heavily Fined in Major EU Recycling Scandal
Fifteen auto giants and ACEA face a €458 million penalty for a 15-year recycling cartel. Mercedes-Benz dodged fines by exposing the scheme, involving non-payment to dismantlers and secrecy on recycling data. Volkswagen, Stellantis, and Renault-Nissan received the largest fines. Cooperation by certain companies reduced penalties. This cartel hampered sustainable competition and transparency in the automotive sector.
Read More
Atlas Van Lines' 2024 Study Reveals Arkansas as Leader in U.S. Relocation Trends
Atlas Van Lines' 2024 Migration Study showcases Arkansas, Rhode Island, and North Carolina as top inbound states, with employment and family proximity driving moves. Rising housing costs create a 'lock-in effect,' limiting relocations, while international interest grows in the UK and China. The study highlights corporate policies' influence on migration patterns.
Read More
Joann Sparks Outrage by Ceasing Gift Card Use During Store Closures Amid Bankruptcy
Joann Inc. has faced backlash for ending gift card acceptance as it shutters all 800 U.S. stores after a second bankruptcy filing within a year. Customers are furious over the decision, which they deem unfair, as liquidation sales are overseen by GA Group. Stores will shut by late May, while the company focuses on maximizing business value in a court-supervised sale.
Read More
FDA's Resolution of Ozempic Shortage Sends Hims & Hers Stocks Plummeting
Hims & Hers Health saw its stock drop by 19% after the FDA announced the resolution of the Ozempic shortage, impacting the company's alternative formulations. With the mandate to stop production of compounded versions, the company is planning to release a generic alternative to stay competitive.
Read More
Target Alters DEI Initiatives Amid Trump's Executive Order Mandates
In response to President Trump's executive order, Target is modifying its approach to diversity, equity, and inclusion initiatives. While the company is concluding existing DEI goals and winding down its Racial Equity Action and Change initiatives by 2025, it remains committed to fostering a sense of belonging. The rearrangement includes halting diversity-specific surveys and revamping supplier strategies to emphasize broader inclusion, including a focus on small businesses.
Read More
