Business News

AM Business Notebook

>>Coming Up In The Business Week 

(Undated)  --  Coming up in the business week ahead, there are no notable economic reports slated for release today.  Things will start to pick up Tuesday with the release of the consumer price index - a key inflation indicator.  Fast forward to Thursday and we'll have word on retail sales, weekly jobless claims and the home builder confidence index.  The week wraps up Friday with the producer price index, housing starts, building permits and lastly, consumer sentiment.

 

>>Las Vegas Expects Super Bowl Windfall 

(Las Vegas, NV)  --  Las Vegas likely hosted more than 330-thousand visitors for the Super Bowl as the Kansas City Chiefs took down the San Francisco 49ers to claim the NFL title.  The Las Vegas Convention and Visitors Authority had said it expected the matchup to provide a 600-million-dollar economic boost for the city.  Much of that likely came from fans, with the cheapest seat at Allegiant Stadium going for about 57-hundred dollars on StubHub.  Prices for the most expensive seats soared to nearly 19-grand each.

 

>>Ford To Ditch Driver-Assist Parallel Parking

(Dearborn, MI)  --  Ford Motor Company is getting rid of its driver-assist parallel parking feature on new vehicles.  Officials say very few people are using it and removing the feature will save the company ten-million-dollars.  AutoForecast Solutions Sam Fiorani applauded the move by Ford, saying self parking is difficult to use and it can be a hassle to figure out how to use it. 

 

>>Some 5,000 Anheuser-Busch Workers May Strike by March

(St. Louis, MO)  --  Over five-thousand Anheuser-Busch union workers could go on a company-wide strike by March.  Teamsters Union President Sean O'Brien says the company must commit to job security demands, wage increases, enhanced benefits and making Juneteenth a paid holiday in order to prevent an employee walk-off.  That would happen February 29th.  Negotiations continue after 99 percent of workers at 12 breweries voted in December to authorize a strike.  On Monday, the union announced it will pay employees a thousand dollars a week if the strike happens.  Brussels-based parent company InBev's North American headquarters are in St. Louis, but the company has U.S. breweries in California, Colorado, Florida, Georgia, Texas, New York, New Hampshire, New Jersey and Virginia. 

 

>>"Rolling Stone" Losing Editor-In-Chief

(New York, NY)  --  Rolling Stone's editor-in-chief is calling it quits.  It was announced on Friday that Noah Shactman would be parting ways with the publication, effectively March 1st.  Word is Shactman's departure comes as a result of growing differences with Rolling Stone's chief executive, Gus Wenner.  A search for a new editor is expected to begin in the coming weeks.

 

>>"Argylle" Stays Atop Box Office

(Hollywood, CA)  --  The spy comedy "Argylle" tops the weekend box office for the second week in a row.  The Matthew Vaughn-directed movie took in an estimated six-point-five-million-dollars this weekend after earning more than 17-million-dollars in its opening weekend.  The dark comedy "Lisa Frankenstein" is the only debut to make the top five, bringing in three-point-eight-million-dollars.  A reissue of the 2021 version of "Dune" finished ninth with one-point-six-million-dollars.  The reissue leads into the March 1st release of Dune Two.

On Air Now

KBND Morning News
KBND Morning News
6:00am - 9:00am
KBND Morning News

FlashAlert

KBND ON FACEBOOK

News Disclaimers