Apple Inc. has reportedly scrapped its ambitious project to develop and design its own car, ending years of speculation and rumors about the tech giant’s entry into the automotive industry. According to reliable sources, Apple has informed its staff that it is no longer pursuing the car project, codenamed Project...
Coles denies price gouging allegations amid inflation probe
Coles, one of Australia’s largest supermarket chains, has rejected the claims of price gouging in the grocery sector, amid an ongoing investigation by the parliament and the competition watchdog. The company’s CEO, Leah Weckert, said that Coles’ profit margins have been flat for years, and that the company needs to...
Alberta rejects federal pharmacare plan for diabetes and birth control
The Alberta government has announced that it will not participate in the national pharmacare program that covers diabetes medication and contraception. The program is part of a deal between the federal Liberals and the NDP, but Alberta says it was not consulted and prefers to receive funding to enhance its...
How Losing USPS Contract Could Boost FedEx’s Profitability
The dilemma of FedEx Express FedEx Express, the largest division of FedEx Corporation (NYSE: FDX), is facing a dilemma. The division, which operates the world’s largest cargo airline, has a huge contract with the U.S. Postal Service (USPS) to transport mail and packages across the country. The contract, which expires...
NADA Announces New Senior Staff Members for Public Policy Advocacy
The National Automobile Dealers Association (NADA) has announced several changes to its senior staff, including the creation of a new position: executive vice president of public policy. The new role will be filled by Paul Metrey, who has been working as NADA’s senior vice president of regulatory affairs since April...