Business

Coca-Cola shutting down California facility after more than a century

A large Coca-Cola bottling plant in Southern California will shut down permanently this summer, ending a longstanding relationship between the company and the city.  Reyes Coca-Cola Bottling made the announcement in a May 8 WARN (Worker Adjustment and Retraining Notification) notice – a legally required 60-day “heads-up” that employers must…

Trump vindicated as OPEC faces collapse following UAE departure

The price of gasoline is set to drop as the Organization of Petroleum Exporting Countries (OPEC) appears poised to collapse, experts predict. OPEC has long kept crude oil prices higher than they would otherwise be. If this pans out, it will be a major victory for the Trump administration, which…

Starbucks to cut 300 US jobs, close some regional support offices

Coffee giant Starbucks is slashing about 300 U.S. support roles and closing some regional support offices. “We are taking further action under the Back to Starbucks strategy, building on our strong business momentum and working to return the company to durable, profitable growth,” a Starbucks spokesperson said in a statement to FOX…