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Big Lots To Close Hundreds More Stores, Including Several In Massachusetts Big Lots To Close Hundreds More Stores, Including Several In Massachusetts
Big Lots To Close Hundreds More Stores, Including Several In Massachusetts It's more bad news for discount retailer Big Lots. The nationwide chain announced in June that it would close 40 stores following dismal sales and rising costs, but in a new filing last week, the company said it may need to shutter nearly 300 locations — several of them in the Northeast.  Big Lots announced in a US Securities and Exchange Commission filing on Friday, Aug. 2, that under an updated term sheet, the company would need to close 20 percent of its 1,392 stores — about 290 in all.  Here are some of the local closures. Connecticut — Eight stores Manchester — 1…

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by Josh Lanier
Business
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent.  The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…

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by Josh Lanier
Business
Nearly 50K Hyundai Vehicles Recalled Nationwide For Potentially Faulty Airbags Nearly 50K Hyundai Vehicles Recalled Nationwide For Potentially Faulty Airbags
Nearly 50K Hyundai Vehicles Recalled Nationwide For Potentially Faulty Airbags Tens of thousands of Hyundai SUVs are being recalled across the country in response to a situation that may affect their airbags' functionality. The National Highway Traffic Safety Administration (NHTSA) announced this week that 40,144 Hyundai Santa Fe ICE vehicles and 9,575 Hyundai Santa Fe HEV vehicles are subject to a nationwide recall due to the faulty airbags. All of the vehicles were produced in 2024. According to the NHTSA, the main floor wire harness used in the recalled SUVs can become damaged due to unexpected contact with the passenger-side, second-row bench seat's folding hinge…

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by Zak Failla
Business
NY Mom Claims To Find Human Blood In Daughter's Burger King Meal: 'She Is Traumatized' NY Mom Claims To Find Human Blood In Daughter's Burger King Meal: 'She Is Traumatized'
NY Mom Claims To Find Human Blood In Daughter's Burger King Meal: 'She Is Traumatized' A New York mother is considering a lawsuit against Burger King after claiming she found human blood in her daughter’s meal. Erie County resident Tiffany Floyd, of the hamlet of Getzville, recounted the horrifying incident in a now-viral TikTok video posted Friday, July 26. In the clip, Floyd recounts how she stopped by a Getzville Burger King for lunch with her 4-year-old daughter and went through the drive-through. “Obviously, I’m a busy mom, I just gave her the bag to eat the food,” she said. “And I heard, ‘Mom, I don’t want ketchup.’” Floyd then grabbed the bag of hamburger and fries, …

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by Michael Mashburn
Business
Stop & Shop Issues New Guidance To Customers After Massive Boar's Head Deli Meat Recall Expands Stop & Shop Issues New Guidance To Customers After Massive Boar's Head Deli Meat Recall Expands
Stop & Shop Issues New Guidance To Customers After Massive Boar's Head Deli Meat Recall Expands Stop & Shop has issued new guidance to customers after a massive recall of Boar's Head deli meats has expanded by seven million pounds due to the threat of Listeria contamination. The US Department of Agriculture's Food Safety and Inspection Service (FSIS) said the recall expansion includes 71 products produced between Friday, May 10, and Monday, July 29, 2024, under the Boar’s Head and Old Country brand names. The products, all made at Boar's Head's facility in Jarratt, Virginia, have “sell by” dates ranging from 29 July 2024 to 17 Oct. 24. The products shipped to retailers bear the …

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by Joe Lombardi
Business
Boar's Head Expands Deli Meat Recall To Include 7 Million Extra Pounds Boar's Head Expands Deli Meat Recall To Include 7 Million Extra Pounds
Boar's Head Expands Deli Meat Recall To Include 7 Million Extra Pounds Boar's Head has expanded a recall of deli meat products due to possible Listeria contamination. Click here for a new, updated story: Boar's Head Facing Lawsuit Over Deli Meat Recall  The company said on Tuesday, July 30, that it is now recalling approximately seven million additional pounds of ready-to-eat meat and poultry products.  This expansion includes 71 products produced between Friday, May 10, and Monday, July 29, 2024, under the Boar’s Head and Old Country brand names, the US Department of Agriculture’s Food Safety and Inspection Service (FSIS) said. They have “s…

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by Joe Lombardi
Business
Building An Empire: Babson College Grad Wants To Revolutionize Real Estate Industry Building An Empire: Babson College Grad Wants To Revolutionize Real Estate Industry
Building An Empire: Babson College Grad Wants To Revolutionize Real Estate Industry Saranga Pagadala doesn't have an off switch. It's why at just 22, he’s built a CV that would make someone 10 years older jealous. It's a drive he's had since childhood, and now he says he's putting the full might of that confidence into his attempt to revolutionize the real estate industry. Pagadala's story begins in Florida and twists through India and most of Europe before landing in Massachusetts. But while he’s making a make for himself with his big-brained ideas now, the Boston man had hoped to be known for his legs. "I wanted to be a professional soccer player," he says. "I traveled a…

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by Josh Lanier
Business
Stop & Shop Temporarily Closes Delis After Boar's Head Recall Of Meats Stop & Shop Temporarily Closes Delis After Boar's Head Recall Of Meats
Stop & Shop Temporarily Closes Delis After Boar's Head Recall Of Meats Stop & Shop is temporarily closing delis after a Boar’s Head deli meat recall in order to conduct a thorough cleaning of its deli areas and equipment.  Click here for a new, updated story: Boar's Head Expands Deli Meat Recall To Include 7,000,000 Extra Pounds The supermarket chain said on Friday, July 26 that it has "removed all impacted products from sale both in stores and online." The recall was issued due to possible Listeria contamination of Boar's head meat products. Stop & Shop said that, "In an abundance of caution, because this product is sliced in stores," it has …

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by Joe Lombardi
Business
Boar's Head Recalls 207,000 Pounds Of Deli Meats Due To Listeria Risk Boar's Head Recalls 207,000 Pounds Of Deli Meats Due To Listeria Risk
Boar's Head Recalls 207,000 Pounds Of Deli Meats Due To Listeria Risk Boar's Head Provisions Co., Inc. is recalling several different deli meat products due to the possibility of Listeria contamination. Click here for a new, updated story: Boar's Head Expands Deli Meat Recall To Include 7,000,000 Extra Pounds The US Department of Agriculture’s Food Safety and Inspection Service (FSIS) has announced a recall of all liverwurst products produced by the establishment that are currently available in commerce.  Additionally, certain deli meat products produced on the same line and on the same day as the liverwurst may also be adulterated with L. monocy…

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by Joe Lombardi
Business
Big Lots To Close Pair Of NY Stores Big Lots To Close Pair Of NY Stores
Big Lots To Close Pair Of NY Stores Discount retail chain Big Lots plans to close around 40 stores this year, according to a filing with the Securities & Exchange Commission (SEC). It currently has around 1,425 stores nationwide. Six stores in New York, Connecticut, and Massachusetts are slated to close, with both New York stores on Long Island. No store closures are scheduled for New Jersey. The company cited rising costs and inflation as reasons for the move and said a bankruptcy filing could be coming. Stores in the Northeast slated for closure are as follows: New York 260 Voice Road, Carle Place 231 Centere…

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by Joe Lombardi
Business
Millions Of BISSELL Steam Cleaners Sold Nationwide Recalled Due To Burn Risk Millions Of BISSELL Steam Cleaners Sold Nationwide Recalled Due To Burn Risk
Millions Of Bissell Steam Cleaners Sold Nationwide Recalled Due To Burn Risk Millions of steam cleaners that may be too hot to handle and were sold nationwide are being recalled after more than 150 burn injuries were reported. An alert was issued by the Consumer Product Safety Commission (CPSC) advising that BISSELL Steam Shot Handheld Steam Cleaners are being recalled, which can leak hot water or steam onto users, posing a possible burn hazard. Approximately 3.2 million units are subject to the recall. According to CPSC, the recall includes multiple models in the model series 39N7 and 2994. "STEAM SHOT," or "POWER STEAMER" is printed on the side of the product.&nb…

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by Zak Failla
Business
Shaq's Big Chicken Takes First Big Step Into Mass. With Peabody Location Shaq's Big Chicken Takes First Big Step Into Mass. With Peabody Location
Shaq's Big Chicken Takes First Big Step Into Mass. With Peabody Location Shaquille O'Neal is considered one of the most dominant centers in NBA history. But now that the Hall of Famer no longer rules the boards, he's turned his attention to running boardrooms.  One of his successful businesses is Big Chicken, a chain of restaurants with franchises across the country. The latest will open in Peabody on Wednesday, July 10, at Northshore Mall. It's the first of many restaurants the chain hopes to open in the Bay State.  The first 36 customers in line at the 210 Andover St. location will win free drinks and chicken for a year. However, winners can onl…

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by Josh Lanier