Clorox faces months of product shortages after cyberattack
Cyber criminals disrupted Clorox’s production and ordering systems, prompting offline operations and reduced output. The firm expects shortages through March with potential material impact on Q1 results. Recovery aims for normal processing by late September, but escalating outages threaten shelves for months.
MENTIONED IN THIS ARTICLE
Clorox
Securities and Exchange Commission
Clorox Co
Plan pledges balanced budget by cutting discretionary spending
House Republicans unveil a long delayed budget blueprint to balance the federal budget over ten years through steep discretionary cuts and new work requirements. It projects a $16.3 trillion deficit reduction, a $130 billion surplus after ten years, and bipartisan Medicare changes while Social Security and Medicare stay largely intact. Democratic critics in the Senate vow no support, calling the plan extreme and dangerous.
MENTIONED IN THIS ARTICLE
Washington
House
House Budget Committee
Senate
Republicans For
Fiscal Responsibility
Jodey C. Arrington
Texas Republican
Arrington
Congress
Brendan FE Boyle
D-Pa
MAGA
Boyle
Wall Street slips ahead of rate decision
U S stocks fell with the S P 500 down 0 2 percent to 4 443 95 Dow off 106 57 Nasdaq 13 678 19 as investors await the Federal Reserve decision with expectations of no rate change but eyes on future projections and potential rate cuts next year amid a softer inflation picture and a shaky housing start reading for August and permits rising.
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New York
U.S
Wall Street
Federal Reserve
Fed
Joe Davis
Vanguard
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
Nasdaq
S&p
Wilshire
Russell
UAW Threatens Expansion Of Strike At Big Three
The United Auto Workers threaten to widen a five day strike unless major progress is reached by Friday. President Shawn Fain frames a noon Friday deadline while Ford GM and Stellantis seek common ground as 13 000 workers remain on picket lines across Michigan Missouri and Ohio.
MENTIONED IN THIS ARTICLE
United Auto Workers Union
Detroit
UAW
Shawn Fain
Fain
Ford
General Motors
Stellantis
Mark Stewart
Fiat Chrysler
Stewart
CNBC
U.S
Washington
White House
Debbie Dingell
Michigan
Ford Assembly
Wayne
Wentzville
Missouri
Toledo
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