Business

Thursday’s business headlines

The latest business headlines

INDIANAPOLIS (WISH) – Here’s a look at Thursday’s business headlines.

Expensive drink

A pricey drink was sold only by text messages before it appeared in stores.

The drink, called Dirty Lemon, became popular on text due to its sleek packaging and expensive price – it’s $10 a bottle.

But now Walmart will stock the drink but at a cheaper price.

Kohl’s

Kohl’s is laying off 250 people as it restructures part of its business following a dismal holiday season.

As part of the job cuts, Kohl’s is getting rid of a layer of regional store leadership roles and restructuring teams in its merchant organization.

The retailer is not closing any offices or stores.

Grocery stores

A new report says supermarkets should do a better job informing shoppers about product recalls.

The U.S. Public Interest Research Group says 84% failed to “adequately inform the public about recall notification efforts” or how to sign up for notifications from a store, or where to find in-store postings about recalls.”

Grocers may pull recalled products from the shelf but shoppers who have already purchased them and have the products in their refrigerator or freezer are “often left unaware.”

Colleges

The education department has opened investigations into Harvard and Yale.

It says it has found U.S. universities failed to report at least $6.5 billion in foreign funding from countries such as China and Saudi Arabia.

There have been concerns about higher education’s reliance on foreign money, especially from China.

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