6 Most Important Things in Business Today

Print Email

Starbucks Corp. (NASDAQ: SBUX) faces protests after two black men were arrested at one of its stores in Philadelphia. According to 24/7 Wall St.:

There is now a call to boycott Starbucks across the country because of the incident. It is visible enough that customers may not return to the coffee shops, at least for now. The problem is compounded by comments Starbucks founder made recently against white supremacists.

Martin Sorrell, head of WPP PLC (NYSE: WPP), one of the world’s largest ad agencies, was forced out for misconduct. He was the longest serving major CEO in the industry. According to Reuters:

Martin Sorrell’s sudden exit from WPP marks a shocking end to the career of a chief executive who through sheer force of personality made it the world’s biggest advertising firm.

WPP said in early April it had appointed lawyers to investigate a whistleblower’s allegation of personal misconduct against Sorrell, who over 33 years turned a two-man outfit into one of Britain’s biggest companies present in 112 countries.

The 73-year-old said on Saturday he was standing down, departing at a crucial time for WPP which has seen its share price fall 30 percent this year due to lower client spending, contract losses and a growing threat from Google and Facebook.

Over 200 million eggs were recalled because of the risk of food poisoning. According to USAToday:

More than 200 million eggs are being recalled over fears of salmonella.

Rose Acre Farms of Seymour, Ind., is voluntarily recalling the eggs due to possible contamination with the bacteria.

According to the Food and Drug Administration, 22 illnesses have been reported so far.

The Supreme Court will take up the issue of the taxation of online sales. According to The Washington Post:

An already-diminished perk of online shopping — avoiding the payment of sales tax — is in danger of extinction at the Supreme Court this week.

The justices will consider deleting a 26-year-old precedent and uploading a new operating system for states and local governments, who say they have been improperly barred from requiring online retailers to send them billions of dollars in sales-tax revenue.

Led by South Dakota, the states ask the court to overturn its 1992 decision in Quill v. North Dakota, which said retailers can be forced to collect taxes only in states where the company has a “physical presence.”

Dwayne Johnson’s “Rampage” finished first at the box office this past weekend. According to Box Office Mojo:

With an estimated $34.5 million, Warner Bros. and New Line’s Rampage delivered a first place finish from 4,101 theaters. Looking at some of the comps we used heading into the weekend, this is a bit ahead of the $31.7 million opening for Tom Cruise’s The Mummy last year, which went on to gross just over $80 million and an improvement over Dwayne Johnson’s Hercules, which opened with $29.8 million in 2014 and grossed just over $72 million domestically.

According to a charge, Tesla Inc. (NASDAQ: TSLA) worker injuries were not counted correctly. According to CNBC:

Electric vehicle maker Tesla has mislabeled and under-counted workers’ injuries to make its safety record look better than it was, according to a new investigative report by RevealNews.org.

“Company officials labeled toxic exposures, muscle strains and repetitive stress injuries as personal medical issues or minor accidents requiring only first aid, lowering its official injury count,” said the report.

I'm interested in the Newsletter