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Legendary Candy Company Killed After 141 Years By Soaring Costs
Legendary Candy Company Killed After 141 Years By Soaring Costs
Soaring expenses for raw materials and labor have delivered a blow to yet another longtime business, claiming Lammes Candies, a family-owned confectioner that has operated in the South for more than a century, FOX 7 Austin reports.
The Austin, Texas,-based company recently announced that it will begin an "orderly wind-down of operations" after 141 years of family ownership, according to a statement posted to its Facebook page.
"This was not an easy decision," the candy company wrote. "Lammes Candies has been more...
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May 8, 2026 / Tyler Durden
Toyota And Honda See Sharp Declines In Profit Amidst Iran War Pressures, Spiking EV Costs
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Toyota expects a sharp decline in profit as rising material and shipping costs tied to the Iran conflict pressure its business, according to Bloomberg.
The automaker projected operating income of ¥3 trillion for the fiscal year ending March 2027, well below both analyst expectations of ¥4.6 trillion and last year’s ¥3.8 trillion.
The company said supply chain disruptions are driving up costs for aluminum, resins, and other materials, while logistics issues remain unpredictable. Toyota estimates the regional...
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May 5, 2026 / Tyler Durden
From DOJ To Ballot Box: The Rise Of Lawfare Candidates
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Authored by Julie Kelly via RealClearInvestigations,
One of the beneficiaries of Virginia’s aggressive attempt to gerrymander the state for Democratic advantage could be a former federal prosecutor whose campaign for Congress hinges on his efforts to use the law to target President Trump and his supporters.
When a slim majority of Virginia voters gave the legislature authority last month to create congressional districts that could give Democrats a 10-1 advantage, J.P. Cooney cheered the outcome in a message on social media, boasting that the...
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May 28, 2026 / Tyler Durden
US Charges Google Employee With Pocketing Millions From Insider Trading Bets On Polymarket
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Authored by Stephen Katte via CoinTelegraph.com,
US authorities have charged a Google employee with allegedly using information from the company to make bets on Polymarket and profit $1.2 million.
The Justice Department said on Wednesday that it unsealed charges against Google software engineer Michele Spagnuolo, accusing him of accessing unreleased internal information at Google and placing 25 bets worth $2.7 million on markets related to the most searched individuals on Google in 2025.
Prosecutors said Spagnuolo owned the Polymarket account “AlphaRaccoon”, which...
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