Thursday , 18 December 2025

Recent Posts

Enbridge faces new fight as Michigan seeks Line 5 shutdown

Bloomberg Enbridge Inc’s battle with Michigan escalated as the governor took new legal action to shut down a key pipeline that supplies Central Canadian refineries. Governor Gretchen Whitmer filed a complaint in Ingham County Circuit Court seeking to “revoke and terminate” a 1953 easement that allows Enbridge to operate under the Straits of Mackinac, which connect Michigan’s upper and lower …

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Amazon lures food-stamp shoppers as e-comm rises

Bloomberg Ian Babcock used to take the bus from his home in northern Michigan to get groceries, a trip that was inconvenient before the pandemic made it dangerous. For the last several months, he’s been using his food-stamp benefits to get groceries delivered by Amazon. “It potentially is a lifesaver for me,” he said. Babcock is among one million-plus US …

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Burberry aims to slash markdowns to shore up profitability

Bloomberg Burberry Group Plc is betting there are still enough consumers who would be willing to pay more for its trenchcoats and purses, even amid the pandemic. The company said it will reduce markdowns, a measure that may hurt second-half sales though should improve long-term profitability. The stock rose as much as 5.8% after first-half sales declined less than expected …

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