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Home Based Business

John Elkann: Italian dynasty heir at the helm of Stellantis [Video]

John Elkann, who is taking the wheel at Jeep and Fiat owner Stellantis after the ouster of its CEO, is the discreet but steely heir to an Italian dynasty associated with Juventus, Ferrari and The Economist. The 48-year-old billionaire manages the Agnelli family estate as chief executive of Exor, a holding company with stakes in

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Dollar Tree hints at price increases, product cuts if proposed tariffs go through [Video]

President-elect Donald Trumps tariff plans may change what products customers can find on Dollar Trees shelves and push the chain to increase prices again.The discount retailer said on its earnings call Wednesday that Trumps plans to tax imported goods may lead it to alter some product specifications, change sizes or remove them from stores altogether if they become too costly. Dollar Tree may also raise prices from their current level of $1.25.We believe there is a wide range of potential actions that we can take to help mitigate additional tariffs if and when they materialize, Dollar Tree interim CEO Michael Creedon said on the call.Dollar Tree, which also owns Family Dollar, did not say which products it may axe or hike prices on.Trump has threatened to impose 25% tariffs on products from Mexico and Canada and an additional 10% tariffs on goods coming from China. Tariffs are taxes placed on imported goods designed to protect domestic manufacturers. Companies that import products pay the taxes and typically pass the extra cost on to customers in the form of higher prices.An estimated 40% of Dollar Trees sales are reliant on imported goods, leaving the retailer highly exposed to tariffs, according to KeyBanc Capital Markets analysis. Dollar Tree said it will negotiate with vendors and shift where it gets its items from to alternate countries if tariffs take effect, a similar response to how it handled Trumps tariffs during his first administration.Dollar Tree may also raise prices to combat tariffs, joining a growing list of chains from Walmart to Best Buy that say that will hike prices to offset any impact.In 2021, Dollar Tree raised base prices to $1.25 after 30 years of selling items for just a dollar. Dollar Tree also sells some products for up to $7.This multi-price strategy gives the chain more flexibility to raise prices if an item becomes too expensive because of tariffs, Creedon said.UBS analyst Michael Lasser expects Dollar Tree to raise its fixed $1.25 prices by 10 or 20 cents to mitigate the tariff impact, he said in a research report last month.Tariffs may be another hit to Dollar Tree, adding to its struggles. Its CEO stepped down last month and shares of the company have plunged more than 40% this year.Dollar Trees low and middle-income customer base has been stung by higher prices, and they have stopped buying as much of the chains home furnishings and knickknacks the retailer is known for.

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Corner kings Arsenal beat Man Utd to close gap on Liverpool [Video]

Arsenal worked their set-piece magic to beat Manchester United 2-0 on Wednesday, ending Ruben Amorim’s unbeaten start to life in the Old Trafford hotseat and closing the gap on Premier League leaders Liverpool. United frustrated the home side at the Emirates in a cagey first half but Jurrien Timber broke the deadlock from a corner

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Mass. mobile park residents celebrate Appeals Court decision [Video]

Residents of a Cape Cod mobile home park are declaring victory after a court decision about who can buy their park.The Appeals Court decision sends the dispute back to the lower, Superior Court, clearing the way for the residents to buy their park, and not an out of state corporation.I think this is great because it’s going to give us the opportunity to get settled in there and straighten the park out, said George Frigon, a resident of Pocasset Park.Frigon hopes the decision puts an end to a five-year dispute over who has the right to buy the park: the residents, or Crown Communities, a Wyoming company that buys and manages mobile home communities nationwide.I think that everybody in the park is excited to finally be able to live in peace and not be hassled, he said.Residents have been trying to use their right of first refusal, giving them a claim on their park if it’s for sale. State law gives mobile home park residents the right to buy their park if it’s for sale at the same price as another buyer. Mobile home park residents typically own the homes but not the land underneath.This decision is important for manufactured housing residents across the commonwealth because it confirms the interpretation of the law in a way that makes it much, much easier for the residents to go through the process to purchase their parks, said attorney Thomas Aylesworth, who represents Pocasset Park residents. It’s not supposed to be difficult.Aylesworth said the key issue in the appeal centered around the residents’ petition to buy the park. Crown Communities had challenged some of the signatures on the petition.The judge made a mistake and didn’t count all the signatures, and the Appeals Court is now sending it back to the trial judge in telling him to correct the math, Aylesworth said.Aylesworth said the decision will help everyone living in mobile home parks keep out corporate owners.The law was designed and was adopted to assist them in being the owners of their own communities so that they don’t have to suffer from the abuses that unfortunately are fairly common to the residents by landlords, he said.Attorney General Andrea Campbell also celebrated the decision.When owners of manufactured housing communities decide to sell a community, residents are vulnerable to being displaced and left without a home. I applaud this decision, which not only affirms residents right to purchase their community in such circumstances, but also rejects rigid requirements that would hinder this right, enabling residents to better protect themselves and their cherished communities, she said in a statement to 5 Investigates. The case now moves back to Superior Court in Barnstable, where a judge made the original decision in 2022 in favor of Crown Communities.A lawyer for Crown Communities said the company is committed to providing economic and quality manufactured housing and is hopeful it will still be able to purchase Pocasset Park.

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Home Based Business

Resident rescued from burning Middleborough home dies [Video]

A man pulled from a burning home in Middleborough, Massachusetts, has died, fire officials said Wednesday.Officials identified the victim of the fire at 6 Locust St. as 67-year-old Nathaniel Williams. On Monday, firefighters arriving at the scene found intense fire and immediately attacked the blaze from the outside, officials said.”When companies arrived, we had heavy fire showing out of all of the front windows,” Middleborough Fire Department Chief Owen Thompson said. “It appeared that all of the rooms at the front of the house were fully involved.”Officials said neighbors reported to firefighters that they believed Williams was still in the home. Firefighters rescued the man, who was taken to Rhode Island Hospital, where he later died.Video taken by NewsCenter 5 showed smoke billowing out of the home, which appeared to be mostly destroyed.One firefighter suffered a minor injury and was treated at the scene.Thompson said hoarding conditions proved difficult, but the biggest challenge was time. Surveillance video showed at least 12 minutes pass from when flames are first visible to the initial 911 calls. Firefighters arrived six minutes later.”That fire had over 18 minutes of time between ignition time and time we arrived on scene,” he said. State Fire Marshal investigators sifted through the charred debris, searching for evidence of how the fire started. Thompson said it does not appear intentionally set.