Tuesday, 2 Jun 2020

New Hoque And Sons Recalls Radhuni Curry Powder

Google’s self-driving car company Waymo loses head of safety

A top executive overseeing safety issues at Google’s self-driving car company Waymo has left the company.

Debbie Hersman is stepping down as chief safety officer after just over a year on the job, Waymo said Thursday, and will instead serve as a consultant to the company.

Hersman, the former chair of the US National Transportation Safety Board, joined Waymo in 2019 following the first-ever fatal crash of a self-driving car the previous year when a self-driving Uber vehicle killed a pedestrian in Arizona.

“We can confirm that Debbie has decided to return to her family home on the East Coast and will continue on as a consultant to Waymo,” the company said in a statement.

Waymo said Tracy Murrell, Waymo’s head of safety and sustainability, would be the company’s interim head of safety. The company said a search was under way for its next head of safety.

A Waymo spokeswoman praised Hersman for “leading the growth of the safety team, establishing Waymo’s safety board as we responsibly progress our technology, and championing Waymo’s culture of safety.”

With Post wires. 

Stock Alert: Foot Locker Down 8% After Weak Q1 Results

Shares of Foot Locker Inc. (FL) are losing more than 8 percent or $2.53 in Friday’s morning trade at $26.79 after the specialty athletic retailer reported a net loss for the first quarter on a sharp decline in sales.

Foot Locker also decided to temporarily suspend the cash dividend beginning with the second quarter payment.

The stock has traded in a range of $17.46 to $47.86 in the past 52 weeks.

Friday, Foot Locker said its net loss for the first quarter was $98 million or $0.93 per share, compared to net income of $172 million or $1.52 per share in the prior-year period. Adjusted loss was $0.67 per share, compared to adjusted earnings of $1.53 per share last year. On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.49 per share. Analysts’ estimates typically exclude special items.

Sales for the quarter dropped 43.4 percent to $1.18 billion from $2.08 billion in the year-ago period. Analysts expected revenue of $1.58 billion. Comparable-store sales decreased 42.8 percent.

Foot Locker swings to loss in first quarter

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Foot Locker Inc. said Friday that it swung to a loss in its first quarter and will temporarily suspend its cash dividend.

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The New York-based specialty athletic retailer reported a loss of $98 million, or 93 cents a share, compared with a profit of $172 million, or $1.52 a share, the same period last year.

FOOT LOCKER CORONAVIRUS FURLOUGH TO HIT 'MAJORITY' OF STORE EMPLOYEES

Excluding items, Foot Locker reported a loss of 67 cents a share for the quarter. Analysts polled on FactSet had forecast a loss of 12 cents a share.

Sales fell 43.4% to $1.12 billion. Inventories at the end of the quarter came to $1.46 billion, 20.4% higher than at the end of the first quarter last year.

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During the quarter, the company said it opened five new stores, remodeled or relocated nine, and permanently closed 21. As of May 2, it said it operated 3,113 stores in 27 countries around the world.

The company said it would temporarily suspend its cash dividend beginning with the second quarter payment and would evaluate the policy on a quarterly basis.

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Stock Alert: Foot Locker Down 8% After Weak Q1 Results

Shares of Foot Locker Inc. (FL) are losing more than 8 percent or $2.53 in Friday’s morning trade at $26.79 after the specialty athletic retailer reported a net loss for the first quarter on a sharp decline in sales.

Foot Locker also decided to temporarily suspend the cash dividend beginning with the second quarter payment.

The stock has traded in a range of $17.46 to $47.86 in the past 52 weeks.

Friday, Foot Locker said its net loss for the first quarter was $98 million or $0.93 per share, compared to net income of $172 million or $1.52 per share in the prior-year period. Adjusted loss was $0.67 per share, compared to adjusted earnings of $1.53 per share last year. On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.49 per share. Analysts’ estimates typically exclude special items.

Sales for the quarter dropped 43.4 percent to $1.18 billion from $2.08 billion in the year-ago period. Analysts expected revenue of $1.58 billion. Comparable-store sales decreased 42.8 percent.

New Hoque And Sons Recalls Radhuni Curry Powder

The U.S. Food and Drug Administration or FDA announced on its website that New Hoque and Sons, Inc. is recalling Radhuni Curry Powder distributed in New York City, New York due to potential Salmonella contamination.

The recall was made after it was found that the finished products contained several strains of Salmonella, the company said.

However, no illnesses has been reported to date related to the product.

The recall involves Radhuni Curry Powder that is packaged in 400g clear, plastic bottles, with an expiration date of 01/02/2022, which can be found printed on the side of the container.

They were distributed in New York City, New York, including grocery stores in Jamaica, Jackson Heights, and the Bronx, between April 17, 2020 and April 21, 2020. They were then physically removed from the stores on May 14, 2020.

Salmonella is a bacterium that can cause illness and sometimes death in humans and animals, particularly children, very old people, or those with weak immune systems. The symptoms include nausea, vomiting, diarrhea or bloody diarrhea, abdominal cramps and fever.

The company has ceased the distribution of the contaminated products. It has also urged consumers who have purchased Radhuni Curry Powder to discontinue use of the product and return it to the place of purchase for a full refund.

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