TGI Friday’s abruptly closes 36 ‘underperforming’ restaurants | CNN Business: Prior to the closures, TGI Fridays had about 270 US locations — a footprint that has dwindled in recent years.
The Backroom: Doug Stephens’ retail predictions for 2024 | Retail Dive: The retail and branding expert discusses the state of the consumer, the habits companies should leave behind in 2023 and what lies ahead in the new year.
Canadian Cities, First Nations Oppose Purdue Opioid Settlement That Left Them Empty-Handed - WSJ: The U.S. Supreme Court review of Purdue Pharma’s $6 billion opioid settlement could open the door for Canada’s municipalities and First Nations to seek compensation they say has been denied them.
Superpedestrian to auction 20,000 e-scooters after shutting down | TechCrunch: More than 20,000 electric scooters belonging to Superpedestrian will be auctioned off later this month, along with other equipment from the startup’s U.S. operations, after closing its doors December 31.
Office-loan delinquencies hit 5-year high in 2023 and likely will rise even higher, Moody's says | Morningstar: The rate of office loans at least 60 days past due climbed to 5.28% in November from 5.14% in October, according to the latest Moody's data for the commercial mortgage-backed securities market.
Silicon Valley VC Startup Funding Last Year Worst Since 2019 - Bloomberg: New data paint a bleak picture for Silicon Valley last year.
WeightWatchers Stock (WW) Falls as Lilly Launches Weight-Loss Drug Delivery - Bloomberg: WW International Inc. plunged the most in more than two months Thursday after Eli Lilly and Co. launched a digital health-care platform to deliver weight-loss drugs, posing a threat to a key area of growth for the wellness company.
