Drivers for ride-sharing companies like Uber and Lyft have been petitioning for sick leave time, trying to lower risk for exposure to coronavirus, and using best practices to keep healthy. One of the major pieces of advice from organizations like the Centers for Disease Control and Prevention and the companies themselves, though, is to wash hands frequently, a nearly impossible task for drivers clocking hundreds of trips a week from behind the wheel of a car.
In response, Lyft and EO Products, the parent company of Everyone brand, will distribute more than 200,000 bottles of hand sanitizer and other cleaning products to drivers for free, the company said. Tom Feegal, president of EO Products, told Cheddar the company “felt philosophically and ideologically aligned with Lyft, and we have a clear and mutually understood commitment to public health.”
Though many stores around the nation currently display ‘out of stock’ signs for hand sanitizers and masks, producers are trying to keep up with demand and provide more products. Feegal said the 25-year-old company learned from 2009’s H1N1 outbreak and anticipated an increase in demand in response to coronavirus concerns.
”We increased production by four times over the last four weeks or so,” said Feegal.
To do so, Feegal said the company has had to reach out to existing and new supply chain partners to maintain the availability of ingredients and raw materials.
“We were forced to reach out to alternative suppliers and make sure we would have enough to reach our reforecasted demand in the very short term,” he said.
That increased production should help the company meet retail demands as well as the needs of this new partnership, Feegal added.
Darden, the parent company of chain restaurants like Olive Garden and Ruth's Chris Steakhouse, beat Wall Street estimates in its latest earnings report.
A former Facebook executive pled guilty to stealing more than $4 million from the company while she was employed there.
Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
Stocks fell after the opening bell Friday but will end on another positive week.
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Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
Mortgage rates have dropped below 7% for the first time since the middle of August.
