shutters

Valero shutters Benicia refinery, hundreds lose jobs, $82M fine cited amid environmental and regulatory pressures

Hundreds of Valero layoffs begin in California as company idles major refinery #MacroEdge — MacroEdge (@MacroEdgeRes) January 15, 2026 Are California’s regulations killing energy jobs faster than companies can adapt? Valero is idling its Benicia refinery due to high operational costs, strict California regulations, and ongoing environmental violations, including a recent $82M fine and lawsuit …

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Starbucks shutters hundreds of stores as sales slump exposes deep brand troubles

Starbucks is closing hundreds of stores while same-store sales continue their slide, signaling deeper issues beyond typical retail woes. The coffee giant’s struggles highlight a shift in consumer habits and increasing competition from local cafes and fast-casual chains. It’s not just about coffee anymore; convenience, pricing, and brand fatigue are taking their toll. Despite efforts …

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Electricity demand surges while U.S. shutters reliable power sources. America follows Europe’s blackout-prone energy path

America is at high risk of blackouts because we decided to retire a bunch of power plants and replace them with solar and wind, right as demand for electricity started to rise. We are still on the same track as Western Europe, just a bit behind. pic.twitter.com/PediUBTWPk — Russ Greene (@GreenPlusAnE) May 15, 2025 A …

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‘Broken’ news industry faces uncertain future… SCRIPPS lays off 200; Shutters broadcast news channel…

From disinformation campaigns to soaring scepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow. World News Day, taking place on Saturday with the support of hundreds of organisations including AFP, aims to raise awareness about the challenges endangering the hard-pressed industry. – ‘Broken business model’ – In …

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Denny’s shutters its only Oakland location, citing safety concerns due to high crime

After 54 years, Denny’s has decided to permanently shutter its only Oakland, California, location, citing safety concerns due to the area’s high crime rate, Fox Business reported Wednesday. The restaurant closed on Wednesday afternoon and left a sign on the door explaining it would no longer be in operation because of a lack of safety. …

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