Largest US asset managers cut support for climate change proposals
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Largest US asset managers cut support for climate change proposals

ByNews Polite

The three largest US asset managers cut their support for so-called ESG proposals by shareholders during the last voting season amid Republican pushback against the controversial investing policy, according to a report. State Street, BlackRock and Vanguard — which collectively own about 20% of the shares of all companies in…

Tupperware files for bankruptcy as its colorful containers lose relevance
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Tupperware files for bankruptcy as its colorful containers lose relevance

ByNews Polite

Tupperware Brands Corp. and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, giving in to dwindling demand for its once-iconic food storage containers and mounting financial losses. The company’s struggles resumed after a short-lived pandemic boost, when increased home cooking briefly drove demand for its colorful, airtight…

Sam’s Club boosting pay for 100K frontline workers, ‘potential to earn thousands’ in annual bonuses
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Sam’s Club boosting pay for 100K frontline workers, ‘potential to earn thousands’ in annual bonuses

ByNews Polite

Sam’s Club, the membership-only warehouse owned by Walmart, is boosting pay for roughly 100,000 frontline workers.  The company created a road map for associates “to plan and pursue more predictable, longer-term financial futures.” It can be seen as a way to boost and retain its current workforce in the highly competitive retail…

Steve Cohen stops trading for Point72 hedge fund: report
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Steve Cohen stops trading for Point72 hedge fund: report

ByNews Polite

Steve Cohen, billionaire and founder of hedge fund Point72 Asset Management, has stepped away from the trading floor and will focus on driving the firm’s growth, Bloomberg News reported Tuesday. Cohen, who remains as the hedge fund’s co-chief investment officer along with Harry Schwefel, will invest his time in mentoring and…

Consumer Price Index eases, but core inflation rises unexpectedly
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Consumer Price Index eases, but core inflation rises unexpectedly

ByNews Polite

A gauge of underlying inflation rose unexpectedly last month, clouding hopes for an outsize rate cut from the Federal Reserve when it meets next week. The Consumer Price Index rose 2.5% in August from a year earlier and 0.2% from the previous month — in line with economists’ expectations, according…

Holocaust survivor’s family sues Boar’s Head over listeria-related death
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Holocaust survivor’s family sues Boar’s Head over listeria-related death

ByNews Polite

The family of an 88-year-old Holocaust survivor who reportedly died after eating Boar’s Head deli meat contaminated with listeria has filed the first wrongful death lawsuit against the company since the nationwide outbreak. Boar’s Head’s “negligence” in distributing the “defective and unreasonably dangerous” meats without “adequate warnings of the product’s…

Boar’s Head sales plunge across NY supermarkets after listeria outbreak
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Boar’s Head sales plunge across NY supermarkets after listeria outbreak

ByNews Polite

Supermarkets and delis across New York have seen sales of Boar’s Head meats plunge as much as 30% following a deadly listeria outbreak that has been linked to the iconic cold cut brand, The Post has learned. New York has been especially hard hit as the state health department investigates…