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Red Lobster probes "endless shrimp" losses after bankruptcy filing May 20, 2024 02:39PM

By Dietrich Knauth

NEW YORK (Reuters) - Red Lobster, which filed for Chapter 11 bankruptcy in Florida on Sunday night, is investigating the role its majority owner Thai Union played in the restaurant chain's "endless shrimp" promotion that caused $11 million in losses, court documents showed.

Red Lobster said the debacle was part of a pattern of mismanagement by the global seafood company that owns most of its equity and supplies shrimp... (continue reading...)


Election year Trump biopic 'The Apprentice' premieres at Cannes May 20, 2024 02:38PM

CANNES, France (Reuters) - "The Apprentice", Iran-born director Ali Abbasi's much-anticipated drama of a young Donald Trump's ascendancy as a New York real estate mogul, premiered at the Cannes Film Festival on Monday.

Part of the pull of the film is its timing, as Trump, now 77, looks to win another term as U.S. president in November.

The film shares its title with the reality show that helped turn Trump into a household name.

... (continue reading...)
Jabil replaces CEO after investigation, pulls 2025 forecast May 20, 2024 02:23PM

(Reuters) - Jabil CEO Kenneth Wilson will leave immediately, the company said on Monday, following the completion of a previously disclosed investigation related to "corporate policies" and will be succeeded by finance chief Michael Dastoor.

The electronic components maker, whose customers include Apple, also withdrew its fiscal 2025 forecast, citing the surprise CEO transition.

Dastoor, who has worked at Jabil for 24 years, was named... (continue reading...)


US FDA tested retail milk samples for bird flu in 17 states May 20, 2024 02:22PM

(Reuters) - The U.S. Food and Drug Administration said on Monday that it tested retail samples of milk and other dairy products in 17 states for viable bird flu virus, providing further details about the locations of the previously disclosed tests.

The regulator said it collected 297 samples at retail locations in 17 states between April 18-22, but the retail samples represented products made at 132 processing locations in 38 states.

... (continue reading...)


Benjamin Netanyahu, Israel's divisive leader in the eye of the ICC storm May 20, 2024 02:21PM

By James Mackenzie

JERUSALEM (Reuters) - Benjamin Netanyahu was one of the most polarising leaders in Israel's history long before the International Criminal Court prosecutor's office said on Monday it had requested an arrest warrant against him over possible war crimes in Gaza.

But in the volatile world of Israeli politics, the announcement drew a wave of solidarity with the prime minister, whose political future has looked more... (continue reading...)


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