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Dollar Tree said theft is such a problem it will start locking up items or stop selling them altogether

Published Tue, 05 Nov 2024 14:57:41 GMT

New York (CNN) — Dollar Tree had a miserable quarter, and company management is chalking it up to a mix of factors: changing consumer demands on top of higher prices for fuel and electricity … and theft.The company’s chief executive and chief financial officer homed in on that last one on a call with Wall Street analysts Thursday.Dollar Tree CEO Richard Dreiling and CFO Jeffrey Davis blamed a surprisingly large drop in gross profit margin — tumbling to 29.8% last quarter from 32.7% a year earlier — on “shrink,” the industry term for inventory losses due to theft, damages and other causes.Davis said the company has taken steps to fix the problem, but the shrink issue is getting worse — and “definitely advanced a little further than what we had anticipated.”In response, Dreiling said Dollar Tree and Family Dollar stores, which the company also owns, will take more drastic measures in the coming months.“We are now taking a very defensive approach to shrink,” Dreiling told analysts...

Justice Department sues SpaceX, alleging discriminatory hiring practices

Published Tue, 05 Nov 2024 14:57:41 GMT

(CNN) — The US Justice Department has filed a lawsuit against SpaceX, the Elon Musk-run rocket and spacecraft company with extensive government contracts, for allegedly discriminating against refugees in its hiring practices.The suit claims that “from at least September 2018 to May 2022, SpaceX routinely discouraged asylees and refugees from applying and refused to hire or consider them, because of their citizenship status, in violation of the Immigration and Nationality Act (INA),” according to an August 24 DOJ news release.It goes on to allege SpaceX falsely claimed in its job listings that only green card holders and United States citizens could work at the company because of federal export control laws.There are specific laws — such as the International Traffic in Arms Regulations — that apply to companies manufacturing spacecraft and rockets and limit foreign nationals from accessing key information about the vehicles for national security reasons.But the new law...

T-Mobile will lay off 5,000 employees, or about 7% of its workforce, in the coming weeks

Published Tue, 05 Nov 2024 14:57:41 GMT

By WYATTE GRANTHAM-PHILIPS (AP Business Writer)NEW YORK (AP) — Wireless carrier T-Mobile said Thursday it plans to cut 5,000 jobs, or about 7% of its workforce.In email to employees shared in a regulatory filing, CEO Michael Sievert said the layoffs would come over the next five weeks and impact T-Mobile workers across the country — particularly those working in corporate and back-office roles, as well as some technology positions. Retail and customer service teams will not be part of the cuts.“This is a large change, and an unusual one for our company,” Sievert wrote. “Because of this, we do not envision making additional largescale reductions across the company again in the foreseeable future.”T-Mobile estimated it will book a pre-tax charge of about $450 million in the third quarter related to the job cuts. Laid-off employees will receive severance payments based on tenure, 60 days minimum of transition leave, career transition services and other benefits, Thursday’s announcement...

Analysis: Some clear losers in first GOP debate, but the absent Trump emerges largely unscathed

Published Tue, 05 Nov 2024 14:57:41 GMT

By Seema Mehta and David Lauter, Los Angeles TimesMILWAUKEE — Like a chorus line awaiting its leading man, eight Republican presidential hopefuls opened their first debate Wednesday night without the party’s main attraction, hoping to show they can solve a puzzle that has bewildered GOP politicians for eight years: how to get past Donald Trump.For most of the first hour of the two-hour confrontation, however, the candidates largely tried to ignore Trump’s dominating presence. Instead, it was the campaign’s political newcomer, Vivek Ramaswamy, who quickly became the center of attention, rebutting accusations by former Vice President Mike Pence that he’s unqualified.“We don’t need to bring in a rookie,” Pence said, the first of several time during the debate’s opening hour in which he focused on the 38-year-old entrepreneur, who has risen in recent polls.A few minutes later, as Ramaswamy declared himself the “only candidate not bought and paid for,” former New Jersey Gov. Chris Christ...

India’s lunar rover goes down a ramp to the moon’s surface and takes a walk

Published Tue, 05 Nov 2024 14:57:41 GMT

NEW DELHI (AP) — A lunar rover slid down a ramp from the lander of India’s spacecraft within hours of its historic touch-down near the moon’s south pole, Indian space officials said Thursday, as the country celebrated its new scientific accomplishment.“India took a walk on the moon,” the state-run Indian Space Research Organization said, adding that the Chandrayan-3 Rover would conduct experiments over 14 days, including an analysis of the mineral composition of the lunar surface.Residents of the world’s most populous country had crowded around televisions in offices, shops, and restaurants on Wednesday and erupted into clapping, dancing, and exchanging of sweets when they saw the lander’s smooth touchdown. It landed on uncharted territory that scientists believe could hold vital reserves of frozen water.“India Goes Where No Nation’s Gone Before,’ read Thursday’s headline in The Times of India daily, while the Indian Express newspaper exclaimed, “The moon is Indian.”Ajay Bhargava, a...

Shark spotted 30 yards off Cape Cod beach, great white shark alerts light up Sharktivity app

Published Tue, 05 Nov 2024 14:57:41 GMT

A great white shark was spotted 30 yards from a Cape Cod beach on Thursday, as shark alerts lit up the Sharktivity app during the busiest time of shark season.Four shark alerts were sent out on the Atlantic White Shark Conservancy’s Sharktivity app on Thursday morning, as the apex predators hunt for seals close to shore. Alerts are issued when a white shark sighting is confirmed close to a public beach.“White shark spotted 30 yards off Nauset ORV (Orleans) heading north,” reads the shark alert on the Sharktivity app.“White shark spotted a quarter mile off Nauset Public Beach,” another alert reads.August has been the busiest month for shark activity along the Cape in recent years.Last year, August had the most shark detections at receivers, according to the Atlantic White Shark Conservancy’s Logbook. There were 66,097 detections of tagged sharks in August last year, followed by September in second place with 47,177 detections.Related ArticlesLocal ...

San Diego Loyal soccer club to disband after 2023 season

Published Tue, 05 Nov 2024 14:57:41 GMT

SAN DIEGO — The San Diego Loyal, a professional soccer club in the USL Championship, announced Thursday that it will shut down following the 2023 season.In a video posted Thursday morning, team owner Andrew Vassiliadis confirmed that the second-division club would fold after four seasons.The news comes just over three months after San Diego was announced as the location for Major League Soccer's next expansion team. MLS San Diego will begin play at Snapdragon Stadium in 2025.The Loyal joined the USL Championship in 2020 with Vassiliadis as owner and soccer legend Landon Donovan as supporting owner and the club's first team manager.In the video posted to social media platform X, formerly known as Twitter, Vassiliadis said the team had been looking into options countywide for academies, training facilities and stadiums, but ultimately determined there were no viable options for the club to continue after the 2023 season.In a news release issued Thursday by the USL, the league cited th...

US intelligence assessment determines intentionally caused explosion killed Wagner chief

Published Tue, 05 Nov 2024 14:57:41 GMT

A preliminary U.S. intelligence assessment has found that the plane crash presumed to have killed Wagner leader Yevgeny Prigozhin was intentionally caused by an explosion, according to U.S. and Western officials.One of the officials, who were not authorized to comment and spoke on the condition of anonymity, said that the explosion fell in line with Russian President Vladimir Putin’s “long history of trying to silence his critics.”The officials did not offer any details of what caused the explosion that was believed to have killed Prigozhin and several of his lieutenants to avenge a mutiny that challenged the Russian leader’s authority.Details of the U.S. assessment surfaced as Putin on Thursday expressed his condolences to the families of those who were reported to be aboard the jet and referred to “serious mistakes.”A Russian serviceman inspects a part of a crashed private jet near the village of Kuzhenkino, Tver region, Russia, Thursday, Aug. 2...

Artist loses bid to remove panels covering anti-slavery murals at Vermont school

Published Tue, 05 Nov 2024 14:57:41 GMT

An artist has lost his appeal to remove fabric panels concealing murals he painted to honor African Americans and abolitionists involved in the Underground Railroad but that officials at the Vermont law school where they’re housed found to be racially insensitive.Artist Sam Kerson created the colorful murals entitled “Vermont, The Underground Railroad” and “Vermont and the Fugitive Slave” in 1993 on two walls inside a building at the private Vermont Law School, now called Vermont Law and Graduate School, in South Royalton. In 2020, the school said it would paint over them. But when Kerson objected, it said it would cover them with acoustic tiles. The school gave Kerson the option of removing the murals, but he said he could not without damaging them.When Kerson, who lives in Quebec, sued in federal court in Vermont, the school said in a court filing that “the depictions of African Americans strikes some viewers as caricatured and offensive, and the mural has become a source of...

Official leading search for Mexico’s disappeared resigns as critics worry government may rig numbers

Published Tue, 05 Nov 2024 14:57:41 GMT

MEXICO CITY (AP) — The head of Mexico’s commission leading the search for tens of thousands who have disappeared over past decades of violence has stepped down as critics accuse the government of trying to undermine the true numbers of the missing in the run-up to presidential elections.Escalating cartel violence has increasingly eclipsed large swaths of Mexico, leaving thousands of Mexicans reported missing this year alone.Karla Quintana, head of the National Search Commission, did not elaborate on the motives for her resignation, saying on Wednesday only that she is leaving her post “in light of current circumstances.”“The challenges surrounding the disappearance of people remain,” Quintana posted on X, the social platform formerly known as Twitter. “The State must continue to push for a comprehensive policy geared toward prevention, searching and fighting impunity.” Populist President Andrés Manuel López Obrador’s government has recently come under critici...