Exide Technologies to Shut its Vernon Plant Soon

A Los Angeles County battery recycler has agreed to shut down its plant amid a long public fight over its toxic output. The closure of Exide Technologies was announced on Wednesday, under a deal with federal prosecutors. Thom Mrozek, US attorney's spokesman, said that the agreement meant the immediate and permanent closure of the plant in Vernon.

He added that the agreement was planned in order to ensure the availability of money to pay for tens of millions of dollars in clean-up. Further, he refused to give more details and said that more would be unveiled on Thursday.

The representatives of Exide declined to comment on the matter.

Blue Rocks unveils new Hot Dog

On Wednesday, the Blue Rocks has rolled out a new food item, a hot dog called the doughnut dog. The hot dog has been covered with raspberry jam and bacon served on a Krispy Kreme doughnut bun. The Blue Rocks has not named the hot dog yet and also didn’t disclose how it was made. It is also unclear that how many calories are in the new food item.

The Blue Rocks, which is based in Delaware, has started a contest to name the food. Spencer Graves of WSTW 93.7FM tweeted, “I'm really excited for all of you to try the ‘unnamed donut dog’ @WilmBlueRocks this season.”

Virgin Group facing lawsuit for Cruise Liner Plans

On Wednesday, the former chief executive of Norwegian Cruise Line Holdings Ltd, American company operating cruise ships, sued multinational conglomerate company Virgin Group in federal court in Miami over plans by founder of Virgin Group, Richard Branson, to launch his own luxury cruise line. The lawsuit has been seeking more than $300m (£200m) in damages.

The lawsuit filed by Colin Veitch claimed that Richard Branson’s Virgin group embraced his idea and then asked him to stay out of a joint venture. Veitch was former head of Norwegian Cruise Line Holdings, who oversaw the company from 2000 to 2008.

Online storage service Box announces $1.65 per share loss for last quarter

Box, an online file sharing and personal cloud content management service, has reported a non-GAAP net loss of $1.65 per share for the quarter. According to initial reports, analysts were anticipating it to be $1.17. And in after hours trading, the shares fell more than 16%.

However, according to a CNBC report, Aaron Levie, Box CEO told that consensus was a result of a wrong share count. He also said that the loss should have been $1.99. He said that performance of the company was better than expected.

According to Levie, the analysts who revealed the wrong data were given the correct information. Box is reporting huge losses compared to revenue.

Amazon announces launch of new store

An announcement has been made by Amazon about the launch of Amazon Exclusives. Amazon Exclusives is a new store that provides customers direct access to new products from popular up-and-coming brands.

Customers will be benefited by the new store, as it is going to provide an exclusive range of electronics accessories, sporting equipment, toys and many more. The store will also include the products that featured on the ABC reality show ‘Shark Tank.’

“Our mission on behalf of customers is to make Amazon the destination for brands and innovators to launch and sell their products, providing our customers early access to new products”, said Peter Faricy, VP of Amazon Marketplace.

KFC may Face Pressure to Change its Poultry Raising Method

McDonald’s Corp’s recent announcement that it would use chicken raised without human antibiotics could push competitor KFC to take similar steps. The world’s largest chain of fried chicken restaurants could face pressure from consumer and environmental groups to bring changes in the ways its poultry are raised.

In order to put concerns at rest with regard to use of the drugs in meat production has increased the rise of deadly superbugs that resist treatment, McDonald’s said that within in two years, it will stop using chicken raised with antibiotics.

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