Communication twun jona, but the firm is trying to engage the ceo. The interesting part of this story, jana was once short whole foods in 2014. It knows the company and its business quite well result of that campaign. In this case, im told jana is focusing on two tracks here. Operational improvements and b possibly a merger, depending on what offer might be out there. Im told januaa wants to put al the opgs on the table. Jana said to be heavily focused on the board, which has had one new member since 2008. Shares have lost half their value in the last many years. Have lagged the s p 500 over the past year. Leslie. Great reporting, now, Jana Partners took massive stake in whole foods. The firm said that it intended to speak with the company and underperformance in whole foods stock. A refresh of the board and Senior Management as well as how it can optimize real estate and improve its technology. Now, the activist firm came armed with a slate of potential nominees, each of whom took the
Killed. But the date was the same date on the court affidavit. Its one wise guy lying about another. He denies these charges and always has, always will. The case will go to trial. Reporter he admitted to congress in 2003 that he killed numerous gang rivals. Hes been in the Witness Protection Program since bulger. The witness from what i understand from the news was Steve Fleming who says on a particular day at a particular time he happened to be in the neighborhood and witnessed the crime. Its untrue. Reporter prosecutors say selemi fled from the Witness Protection Program. He could face the death im david robichaud. A developing story that he can affect the commute home. A cement trip tipped over. Its not blocking the track but trains have so run slower than normal. Commuters may see delays of up to 15 minutes. This was a welcome sight across massachusetts today. Were talking about rain. Absolutely. The steady rain like we saw in littleton is exactly what the area needs. But the show
Fire chief rick barber is still inside taking questions at this press conference here outside know. The Fire Investigation has now wrapped up at the scene. The cause is still undetermined. They do believe the fire started outside of building on the ground level. They have ruled out arson, but they are saying barber has said the source could be as simple as a cigarette. They arent saying thats the cause. They still need to do some testing on some Electrical Equipment outside. I spoke with a couple whose unit was destroyed. Victim. Keegan. They told me about her and told me about their nightmare last night. Tim parsons and Elizabeth Miller say they had seconds to escape the blaze that destroyed their thirdfloor Hickory Hills apartment. Happened in a split second. From the time that i looked at my porch with a small red glow, to have been a 30second span. Reporter a fouryearold little girl died after being trapped in a basement unit. Rescue crews could not get to her in time. Its difficul
Janet yellen begins her speech by making the case that the labor market still need improvement. But how much or how the fed might accomplish that is a tricky question third as the recovery progresses, assessment to be labor market needs more nuanced because of the considerable uncertainty about the level of employment consistent with the mandate. She spends the rest of her speech discussing those nuances. Why has Labor Force Participation dropped . She says that is a key question for policymakers. What portion of the decline in Labor Force Participation reflects structural shifts and what portion reflects weakness in the labor market . She runs through a number of other indicators asking why parttime employment remains so high. Why the quits rate is moving up. She talks about wages. You should see wages go up, but if they dont, maybe it doesnt mean there is lack of the market. She doesnt say that Wage Inflation is a problem. She says the fed has 19 indicators theyre looking at. Improve
The Dow Jones Industrial average up 274 points yesterday. Investors rushed into the market after the fed hinted that Interest Rates will stay near zero. U. S. Economic growth might be lower than expected. Maybe they will keep rates at 04 longer. Zero four longer. Ceo has been cutting costs. He has been under pressure from activist investors. Investors dont appear to like the shakeup at cap peered shares falling as much as 9 after the company replaced of the ceo. The stock more than doubled during his tenure. He will be replaced by the president of gaps growth, innovation and digital unit. Work zuckerberg is calling Internet Access a basic human right. Hes in india where he will be with the prime minister. One billion people in india are unable to get online. Deploying traditional Networking Infrastructure to connect Rural Communities with low population density is not really costeffective. Which is why it has not been done yet. We are working to develop new technologies that can be mor