Stay Updated with the Latest Telefonaktiebolaget LM Ericsson (publ) ERIC News in Real Time
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MTY Food Group to Close 45-50 Papa Murphy’s Stores by Year End
MTY Food Group plans to close 45-50 Papa Murphy’s stores by year-end amid competitive pressures. Parent company shuttering 68 underperforming locations that lost $10M+ annually.
Palm Beach Airport Renamed for Trump on July 9; Code Changes to DJT in August
Palm Beach International Airport officially renamed President Donald J. Trump International Airport on July 9. Airport code changes from PBI to DJT on August 18. Renaming cost $5.5 million.
MTY Food Group Closes 68 Restaurants, Papa Murphy’s Hit Hardest
MTY Food Group to close 68 restaurants including up to 50 Papa Murphy’s locations after Q2 earnings miss and 2.1% same-store sales decline. Stock drops 10.6%.
Hancock Prospecting Cuts Jobs at Roy Hill Mine, June 18
Hancock Prospecting reduces Roy Hill workforce while developing Round Hill mine to sustain iron ore production above 63 million tonnes annually.
Trump Halts DNI Hearing to Pressure Senate on Voter ID Bill, June 18
Trump delays Jay Clayton’s DNI hearing to pressure Senate on voter ID bill. Bill Pulte remains acting director. FISA Section 702 expires.
Hancock Iron Ore Cuts Hundreds of Jobs at Pilbara Mines, June 17
Hancock Iron Ore cuts jobs at Pilbara mines to extend mine life by 10 years while maintaining 63MTPA production rates.
Venezuela Signs GE Deal to Add 5,000 MW Power Grid Capacity, June 16
Venezuela’s interim government signs GE Vernova electricity deal to restore 1,000 MW in 24 months and 5,000 MW over four years.
Gas Prices Fall Below $4 as US-Iran Peace Deal Reopens Strait, June 16
US-Iran peace deal cuts oil prices 4.8% to $83.17/barrel. US gasoline drops below $4/gallon for first time since April.
DC Mayoral Primary Tests Home Rule as Trump Threatens Federal Control, June 15
DC mayoral primary on June 16 focuses on home rule as Trump threatens federal takeover of the district.