latest news in companies
Major Fast-Food Operator Files for Bankruptcy Protection as Traffic Drops to Historical Lows
Dublin, Friday, 18 September 2026.
Meritage Hospitality Group, operating 314 Wendy’s locations across 15 states, filed for Chapter 11 bankruptcy as customer traffic hit a 30-year low and store-level earnings plummeted 48%.
Amazon Increases Starting Pay for U.S. Warehouse Workers to $20 an Hour
Seattle, Friday, 18 September 2026.
Amazon is investing $1.5 billion to raise minimum hourly wages for frontline logistics staff to $20 starting September 27, 2026, alongside introducing new employee grocery discounts and lifetime banking services.
Homebuilder Lennar Suffers 52 Percent Profit Drop Despite Cutting Construction Costs
Miami, Friday, 18 September 2026.
Lennar’s third-quarter net earnings plunged 52 percent to $284 million as aggressive price discounts and mortgage buydowns eroded margins, proving operational efficiency alone cannot overcome persistent housing affordability pressures.