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Monday, nov 18
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Business
Red Lobster Launches Revamped Menu With 7 New Items After Exiting Bankruptcy
Two months after exiting bankruptcy, restaurant chain Red Lobster is unveiling a revamped menu. It features these seven new items: Lobster Pappardelle Pasta Bacon Wrapped Sea Scallops Lobster Bisque Lemon Basil Mahi Simply Prepared Mahi Parmesan-Crusted Chicken Roasted Asparagus In addition, a pair of old fan-favorites that had been discontinued are back: Popcorn Shrimp, Hush Puppies Red Lobster is now giving guests the ability to customize their seafood favorites with the launch of "Create your Own Ultimate Feast." Customers can mix and match two premium picks such as …
Business
Feds Recalling 512K Smart Space Heaters Sold Nationwide That Pose Burn, Overheating Risk
Hundreds of thousands of space heaters sold nationwide are being recalled due to fire and burn risks, the US Consumer Product Safety Commission announced this week. GoveeLife and Govee have issued a recall for approximately 512,500 smart electric space heaters in the US and 48,600 in Canada due to overheating, posing fire and burn hazards. The recall involves models: H7130 Recalled Model H7130 CPSC H7131 Recalled Model H7131 CPSC H7132 Recalled Model H7132 CPSC H7133 Recalled Model H7133 CPSC H7134 Recalled Model H7134 CPSC…
Business
7-Eleven To Close Hundreds Of Stores
Convenience store chain 7-Eleven is closing hundreds of stores in North America. Parent company Seven & I Holdings said that the 444 locations were “underperforming.” They make up about 3 percent of 7-Eleven's total of around 13,000 outlets in the US, Canada, and Mexico. Specific sites of the stores have not yet been released. In announcing the closures, the company said that 7-Eleven stores saw a 7.3 percent decline in traffic in August, saying a "pullback in consumer spending has persisted beyond prior expectations" that has affected store traffic and sales growth "as consu…
Business
Red Lobster Revival? Restaurant Chain Exits Bankruptcy With $60M In Funding, New CEO
Four months after its Chapter 11 filing, restaurant chain Red Lobster says it has exited bankruptcy led by new management. The company announced on Monday, Sept. 16 that it's been acquired by lender group RL Investor Holdings with $60 million in new funding backed by Fortress Investment Group. Damola Adamolekun, former chief executive officer at Asian fusion casual dining chain P.F. Chang’s, is now running Red Lobster. The move comes after the chain, founded in 1968, abruptly closed dozens of locations earlier this year. It still has 544 locations across 44 US states and four provinces in…
Business
Sweeping Change: Instagram Moves Teens Into Private Accounts 'Guided By Parents'
Millions of teenage Instagram users are being forced into private accounts with enhanced security features aimed at limiting their exposure to harmful content. Meta, the social media platform’s parent company, unveiled its “Teen Accounts” feature on Tuesday, Sept. 17, automatically placing anyone under the age of 18 into a default private account. Teens with a private account must accept new followers and people who don’t follow them can’t see their contact or interact with them. It also comes with strict messaging settings, making it so they can only receive messages from people they foll…
News
Blue Supermoon: What You Need To Know About Rare Lunar Event
There's an out-of-this-world lunar event set to begin this week. From Monday, Aug. 19, through Wednesday, Aug. 21, the moon will appear bigger and brighter in the night sky than normal. It's called the supermoon. It's the first one of the year, but that's not why this one is special. A supermoon occurs when the moon is full and closest to Earth in its orbit, according to NASA. That closeness makes the rocky satellite appear 15 percent bigger and 30 percent brighter. What makes August's supermoon so unique is that it's a blue moon. No, the light of the moon won't change co…
Police & Fire
Doctors, 'Ketamine Queen' Linked To Death Of 'Friends' Star, Mass. Native Matthew Perry
Police have arrested multiple people in connection with the death of former Hollywood superstar Matthew Perry, including two doctors, authorities said. The "Friends" star was found face down in a pool at his Los Angeles home on Oct. 28, 2023. The medical examiner blamed his death on the acute effects of ketamine, an anesthetic with psychedelic properties. Related: Hollywood Mourns Death Of Matthew Perry On Thursday, Aug. 15, investigators announced they had connected five people to Perry's death, the US Attorney for the Central District of California. Those include his a…
News
Costco Raising Membership Fees In US, Canada
The Costco Wholesale Corporation has announced membership hikes in the US and Canada for the first time in seven years, according to a news release by the company issued on Wednesday, July 10. Costco opened the release sharing a June sales growth in the US of 5.6%, which is higher than the past 44 weeks of just 4.4%, the company experienced a decrease in revenue internationally. On the heels of sharing that news, the company made the announcement about raising the membership fees in both the US and Canada beginning Sept. 1. Annual memberships are rising $5 making them $65…
Business
Red Lobster Files For Bankruptcy After Abruptly Closing Dozens Of Restaurants
Red Lobster has filed for bankruptcy just days after closing dozens of its restaurants. In its bankruptcy petition filed on Sunday, May 19, the company listed assets of $1 billion and liabilities of $10 billion. The filing stated that the company "intends to use the proceedings to drive operational improvements, simplify the business through a reduction in locations, and pursue a sale of substantially all of its assets as a going concern." The company said restaurants not listed as "temporarily closed" on its website will remain "open and operating as usual during the Chapter 11 process."…
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