Burger King is closing two dozens locations in the Detroit area and laying off 424 employees as it plans to permanently cease operations in Michigan. The Texas-based burger chain blamed "unforeseen business circumstances." The closures started on March 17 and are expected to be finished by April 15.
Share:
More In Business
'Buyer Beware': Warning to Trade With Caution Amid Short-term Trading Volatility
Ed Egilinsky, Managing Director, Head of Sales and Distribution & Alternatives at Direxion, joins Cheddar News to discuss trading bank volatility, how traders can navigate the race in the A.I. space, and how traders are reacting to the most recent economic data.
Cheddar Afternoon News Briefings of March 15th
Cheddar Afternoon News Briefings
More Banking Chaos: Trouble at Credit Suisse Drags Down Stock Market
Shares of the Swiss bank Credit Suisse tumbled more than 30 percent after its biggest shareholder, the Saudi National Bank, said it could no longer provide funding.
Tasting an Iconic Champagne Brand Dating Back to 1812
President of Champagne Laurent-Perrier U.S. Michelle DeFeo discusses how she got started in the French wine industry, why she's proud to work for a women-owned brand, and the secret to perfectly opening a bottle of champagne every time.
Wall Street Falls on New Bank Fears, Bond Yields Plunge
Markets shuddered Wednesday on worries about a spreading banking crisis and how badly it will hit the economy, and stocks and bond yields fell on both sides of the Atlantic.
Honda Recalling 500,000 Vehicles to Fix Seat Belt Problem
Honda is recalling a half-million vehicles in the U.S. and Canada because the front seat belts may not latch properly.
Egg Prices Fell Nearly 7 Percent in February
Eggs are finally getting cheaper at the supermarket, according to the latest consumer price index released on Tuesday.
Cheddar Morning News Briefings of March 15th
Cheddar Morning News Briefings
Fed Chair Should Be 'Very Careful' to Avoid 'Another Bank Crisis,' Lawmaker Warns
Federal Reserve Chairman Jerome Powell should be very cautious when deciding to raise interest rates or he risks another bank crisis, Rep. John Garamendi (D-Calif. 8th District) told Cheddar News.
