Domino’s Pizza CEO Ritch Allison announced his retirement Tuesday, the same day the company announced weaker-than-expected fourth-quarter earnings. Allison, 55, who has served as CEO since 2018, said he will step down at the end of April but remain in an advisory capacity through mid-July. He will be replaced by Russell Weiner, 53, who is…
LISBON, Portugal (AP) — A large cargo vessel carrying cars from Germany to the United States sank Tuesday in the mid-Atlantic, 13 days after a fire broke out on board, the ship’s manager and the Portuguese navy said. The Felicity Ace sank about 400 kilometers (250 miles) off Portugal’s Azores Islands as it was being…
DENVER (AP) — Some homeowners recovering from Colorado’s most destructive wildfire in history, which decimated entire neighborhoods near Denver late last year, say they could end up paying tens of thousands of dollars more to rebuild because of environmentally sustainable construction standards passed shortly before the blaze. Now they want the Louisville City Council to…
DUBAI, United Arab Emirates (AP) — Abu Dhabi’s Etihad carrier announced on Tuesday a whopping $478 million loss for 2021, a figure that underscores the continued challenge airlines around the world face as travelers slowly return to the skies amid COVID-19 vaccine rollouts and eased travel restrictions. The airline said the figure represents a much-reduced…
WASHINGTON (AP) — As Russia’s war in Ukraine plays out for the world on social media, big tech platforms are moving to restrict Russian state media from using their platforms to spread propaganda and misinformation. After the European Union’s president called for a ban on Russian state media, a wave of tech companies blocked the…
NEW YORK (AP) — Target will invest up to $5 billion this year in physical stores, remodels, new brands and expanding its online fulfilment as the discounter continues to drive sales growth and differentiate itself from rivals. The plans, announced Tuesday at its annual investor meeting held in New York, include opening 30 new stores,…
BEIJING (AP) — Asian stock markets slid Wednesday and oil prices surged more than $5 per barrel as Russian forces stepped up attacks on Ukrainian cities. Shanghai, Tokyo, Hong Kong and Seoul declined as President Vladimir Putin’s invasion fueled fears of global economic turmoil. Sydney gained. Wall Street’s benchmark S&P index lost 1.5% on Tuesday,…
BEIJING (AP) — Chinese manufacturing activity grew weakly in February, hampered by supply disruptions, anti-virus controls and lackluster global demand, two surveys showed Tuesday. A purchasing managers’ index issued by a Chinese business magazine, Caixin, improved to 50.4 from January’s 49.1 on a 100-point scale on which numbers above 50 show activity increasing. A separate…
TOKYO (AP) — Toyota plans to resume production at all of its 14 plants as of Wednesday, after they were idled for a day due to a cyberattack on a domestic supplier. The supplier, Kojima Industries Corp., said Tuesday it had found a virus in its computer server. Details were under investigation, it said. The…
DETROIT (AP) — General Motors said Monday that Kyle Vogt will take over as CEO of its Cruise autonomous vehicle subsidiary, a company he helped found in 2013. A GM representative confirmed what Vogt posted on Twitter, that he had “once again” accepted the job as CEO of Cruise. He replaces Dan Ammann. The Detroit…
