Category: Companies & Closures

Ferrara Candy Company, the parent of the Jelly Belly brand, is shutting down corporate operations at its Fairfield, California, headquarters and permanently eliminating 69 jobs, according to a WARN notice and local reporting. The cuts target white-collar roles at the Fairfield campus while manufacturing continues on-site. 69 Corporate Jobs Gone From Fairfield The layoffs were…

Costco is testing a new limited-time food court item that has shoppers drawing direct comparisons to one of McDonald’s most iconic seasonal offerings, the Shamrock Shake. The timing is no accident: the warehouse giant’s latest play arrives just as McDonald’s brings back its own green-tinted shake for 2026, complete with a charitable tie-in. With both…

Target Corporation eliminated 500 corporate and field positions on February 9, 2026, just eight days after a CEO transition that capped months of boycott pressure and sliding sales. The cuts, split between district management and supply chain operations, arrived as new chief executive Michael Fiddelke began reshaping the retailer’s leadership structure. Together, the layoffs, the…

The Ethereum Foundation declared a strategic reorganization on February 17, 2026, formally treating Ethereum as a unified “platform” spanning its base layer and the rollup networks built on top of it. The announcement comes as new academic research has examined low-cost attack vectors against the rollup systems Ethereum increasingly relies on for scaling, and as…

Walmart reported its fourth-quarter fiscal 2026 earnings on February 19, 2026, posting total revenue growth of 5.6% year over year and pointing to higher-income households as a key driver of its recent market share gains. The results cap a fiscal year in which the retailer hit record annual revenue, as the Financial Times reported. For…

Small Russian oil drilling companies are increasingly facing bankruptcy pressures as Urals crude prices fall sharply, according to reporting cited below, while Western sanctions continue to strain the sector’s finances. The average Urals price dropped to $44.87 per barrel in November 2025, down from $53.68 in October, while separate reporting says some Russian oil has…

A wave of U.S. Treasury sanctions targeting Russia’s largest oil producers is squeezing the country’s energy sector from every direction, and the firms least equipped to absorb the blow are its smaller, independent operators. With Urals crude trading near $45 per barrel and buyers in Asia pulling back, the financial pressure on companies that lack…