Business

A Georgia-based gun accessory company will pay $1.75 million in restitution to victims’ families, injured individuals and traumatized survivors of the 2022 mass shooting at a Buffalo supermarket and permanently stop selling a controversial magazine lock in New York under a settlement announced Wednesday.Mean LLC, commonly known as Mean Arms, agreed to the payment and injunctive relief to resolve a lawsuit brought by New York Attorney General Letitia James and […]

Instagram chief Adam Mosseri on Wednesday pushed back on claims the platform is dangerously addictive, reportedly telling jurors in a high-profile Los Angeles trial that using the app is more comparable to binge-watching Netflix than suffering from clinical addiction.Mosseri, who has led Instagram since 2018, drew a distinction between clinical addiction and what he described as "problematic use," the New York Post reported."I think it’s important to differentiate between clinical […]

To celebrate its 30th birthday, Raising Cane's pulled off perhaps its most epic celebrity get-together in San Francisco for Super Bowl week.With partners like Christian McCaffrey working a shift early during Super Bowl week to Matthew Stafford and his family chowing down some chicken tenders almost immediately after winning his first Super Bowl, the party was on for owner and founder Todd Graves."Time flies, right? This is all I've done […]

The U.S. Food and Drug Administration (FDA) has elevated a nationwide recall of cake and bread mixes to a Class I designation, its most serious warning, issued when a product poses a risk of severe illness or death.The recall, first announced in December, involves 866 bags of mixes from Dallas-based distribution company B.C. Williams Bakery Service. These include 51 bags of Spice Cake Mix, 720 bags of Bread and Roll […]

FIRST ON FOX — The NewsGuild of New York is irked at The New York Times leadership. The Times Guild Bargaining Committee sent staffers a newsletter on Tuesday detailing the latest labor negotiations. The Guild said it made a "big push to end the two-tier system The New York Times created and perpetuates by wrongly excluding jobs and workers from the Times Guild" and received a revised proposal from the company to end […]

Heineken said Wednesday it plans to cut up to 6,000 jobs globally and expects slower profit growth in 2026 as the beer industry grapples with weak demand.The reductions represent nearly 7% of the Dutch company’s approximately 87,000 employees worldwide. The beer giant said the cuts are part of a broader strategy aimed at strenghtening its operations while continuing to invest in growth."To fuel the growth and the profit, we are […]

California's fuel market is entering another period of strain as refinery capacity continues to shrink in the nation's largest gasoline market. The planned closure of Valero's Benicia refinery, one of the state's remaining major facilities, is expected to tighten supply in a system that already operates with little margin for disruption.FOX Business' Jeff Flock joined Maria Bartiromo on "Mornings with Maria" to report on how the pending refinery shutdown is […]

Kraft Heinz is pumping the brakes on plans to break up the company, with its new CEO saying the food giant’s challenges are "fixable and within our control" as it shifts focus toward reigniting profitable growth through a $600 million investment push.In a note in the company’s routine fourth quarter report, CEO Steve Cahillane said that instead of splitting up, the company will double down on rebuilding growth — backing […]

FIRST ON FOX: For millions of Americans, retirement feels less like a milestone and more like a moving target — and a new BlackRock survey finds many are open to doing things differently.About 30% of voters say they have no funds stashed away for post-work years and about 63% say they have less than $150,000 saved. Given that backdrop, about 34% say they have difficulty immediately paying an unexpected bill […]