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Coca-Cola said Friday that it would offer buyouts to 4,000 employees as part of corporate restructuring and said that layoffs could be coming in the future.According to a press release, the buyouts will be offered to employees in the U.S., Canada and Puerto Rico with a hire date "on or before" Sept. 1, 2017. The company said the "voluntary program" would reduce the number of layoffs.According to Coca-Cola's statement, the company's current operating model consists of "17 business units" that will be consolidated into "nine operating units."Following the announcement, Coca-Cola's stock price rose nearly a point in early trading, an increase of just under 2%.According to WSB-TV, Coca-Cola has more than 86,000 employees nationwide. The Associated Press reports that company revenue fell 28% in the second quarter due to the effects from the pandemic, but executives are confident in recovery. 907
CORONADO, Calif. (KGTV) -- A Coronado bookstore that’s been a fixture of the landscape for nearly three decades will be able to move a few doors down thanks to a decision by the City Council. In 2018, a developer bought up nearly a whole block of Orange Avenue and Bay Books was only paying a fraction of market rent. Owner Angelica Muller told 10News in February that the store was considering a move down the block, but would have to sell coffee and pastries to stay in business. RELATED: New hope beloved Coronado bookstore will find new homeTuesday night, Coronado’s Mayor Richard Bailey announced that the city council took action that allows the store to offer coffee service. “We believe this policy will be helpful to our downtown business community and is a win for Coronado,” Bailey said. Read the full Facebook post below: 842
Cindy McCain, the widow of Arizona Sen. John McCain, has endorsed Joe Biden, the Biden campaign announced on Tuesday."My husband John lived by a code: country first. We are Republicans, yes, but Americans foremost. There's only one candidate in this race who stands up for our values as a nation, and that is Joe Biden," Cindy McCain tweeted Tuesday evening.Biden was on the 2008 Democratic ticket that opposed John McCain's presidential election.Biden told supporters during a fundraiser Tuesday that McCain would join him at several virtual campaign events on Tuesday.During the Democratic National Convention in August, a video aired highlighting the friendship between McCain and Biden as Senate colleagues.The video featured Cindy McCain.“My husband and Vice President Biden enjoyed a 30+ year friendship dating back to before their years serving together in the Senate, so I was honored to accept the invitation from the Biden campaign to participate in a video celebrating their relationship,” Cindy McCain tweeted.The Biden-McCain relationship has been well documented over the years.In 2017, following Sen. McCain’s brain cancer diagnosis, Biden appeared on ABC’s “The View,” which is co-hosted by the senator’s daughter Meghan McCain. The segment was emotional, as Biden discussed how he lost his son Beau in 2015 from the same type of cancer that ultimately killed Sen. McCain.McCain died in August 2018 from brain cancer.While McCain was once the standard bearer for the Republican Party, his influence in the party dwindled in his later years. In 2017, shortly after his cancer diagnosis, McCain joined just two other GOP senators in striking down legislation that would have repealed parts of the Affordable Care Act. McCain’s vote drew scorn from Republican leaders including President Donald Trump.The frosty relationship between Trump and McCain became evident following McCain’s death, when he opted in his will not to invite Trump to his funeral, but extended invitations to former Presidents Bill Clinton, George W. Bush and Barack Obama. 2066
Conor McGregor and Khabib Nurmagomedov's suspensions have been extended indefinitely following the brawl that broke out after their UFC fight earlier this month.The Nevada State Athletic Commission unanimously ruled on Wednesday to uphold the fighters' suspensions until the end of its investigation into the ugly scenes that broke out following McGregor's defeat by Nurmagomdov in Las Vegas.The Commission also voted to withhold half of Nurmagomedov's million purse until a hearing in December.READ: Conor McGregor comeback ends in defeat amid chaotic scenes"I have felt half was a good enough amount of money, to release a million dollars," the NSAC chairman, Anthony Marnell, said during the meeting. "That should cover all expenses, give the fighter some money."At the same time, it's still a very substantial amount of money to be withheld until we can get to the case in December and get all of the testimony or potentially we get a settlement agreement."Who knows how that will go over the next 60 days, but it's enough money to keep this contestant's interest in this hearing."READ: UFC 'never going to change' after trash talk fuels ugly brawlIt comes after Nurmagomedov, who maintained his unbeaten 27-0 record with a comfortable victory over McGregor, scaled the octagon to launch an attack on the Irishman's team after the fight on October 6.Members of the Russian's team also launched their own assault on the beaten McGregor. Three men were reportedly arrested but later released after McGregor refused to press charges.While Nurmagomedov apologized for his actions, he said he had been aggravated by McGregor's pre-fight trash talk, with the Irishman, who had not fought since his boxing match against Floyd Mayweather in August last year, making remarks concerning the Russian fighter's family, religion, and nationality."This is a respectful sport, not a trash-talking sport," Nurmagomedov said during a post-bout media conference.READ: Khabib Nurmagomedov threatens to quit UFC after brawlThe pair were previously handed temporary suspensions on October 15 following the ugly scenes at UFC 229.The-CNN-Wire 2135
City officials voted unanimously on Thursday to install two new rainbow-painted crosswalks to show support for the LGBTQ community in Phoenix. The vote was in response to interest by community groups after noting several other cities across the country have installed rainbow crosswalks as a symbol of inclusiveness with the LGBTQ community. "Phoenix values and embraces its LGBTQ brothers and sisters," Mayor Greg Stanton said. "Phoenix is committed to ensuring equal treatment and rights for everyone and showing our support because we know diversity makes us stronger." The proposed rainbow crosswalks would be installed at two existing pedestrian crosswalks, located at Central Avenue and Portland Street, and the other at the crossing of 7th and Glenrosa avenues. The Phoenix Pride Community Foundation, one-n-ten, and Aunt Rita's Foundation have offered to cover the costs of materials, installation and ongoing maintenance for the rainbow-painted portions of the crosswalks that are not already maintained by the city. All three groups are non-profits that serve and assist LGBTQ individuals and the community."The City of Phoenix has always maxed out its score on the equality index. They've been longtime supporters of not only one n ten but Phoenix Pride and all of our LGBTQ organizations," said Travis Shumake, with one-n-ten. "Several corporations have gotten behind us to say we'll help you maintain that crosswalk. If you can make it happen we'll figure out how to make sure its paid for so our youth feel welcome in this vibrant city."City staff will work with these organizations to help provide specifications for design, materials, installation, and maintenance. 1746